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Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 335.18339843750005 m 558.5 335.18339843750005 l s q 0 0 1 rg BT 548.50 336.52 Td (80) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 320.18339843750005 m 490.109375 320.18339843750005 l s q 0 0 1 rg BT 115.50 321.52 Td (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder ) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 310.18339843750005 m 146.046875 310.18339843750005 l s q 0 0 1 rg BT 115.50 311.52 Td (Matters) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 320.18339843750005 m 558.5 320.18339843750005 l s q 0 0 1 rg BT 548.50 321.52 Td (80) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 295.18339843750005 m 415.6953125 295.18339843750005 l s q 0 0 1 rg BT 115.50 296.52 Td (Certain Relationships and Related ) Tj ET Q q 0 0 1 rg BT 254.18 296.52 Td (T) Tj ET Q q 0 0 1 rg BT 259.93 296.52 Td (ransactions and Director Independence) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 295.18339843750005 m 558.5 295.18339843750005 l s q 0 0 1 rg BT 548.50 296.52 Td (80) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 280.18339843750005 m 274.3525390625 280.18339843750005 l s q 0 0 1 rg BT 115.50 281.52 Td (Principal ) Tj ET Q q 0 0 1 rg BT 153.55 281.52 Td (Accounting Fees and Services) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 280.18339843750005 m 558.5 280.18339843750005 l s q 0 0 1 rg BT 548.50 281.52 Td (80) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 548.5 250.18339843750005 m 558.5 250.18339843750005 l s q 0 0 1 rg BT 548.50 251.52 Td (81) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 115.5 235.18339843750005 m 291.0224609375 235.18339843750005 l s q 0 0 1 rg BT 115.50 236.52 Td (Exhibits 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Tj ET Q q 0 0 0 rg BT 180.79 718.35 Td (on ) Tj ET Q q 0 0 0 rg BT 194.33 718.35 Td (Form10-K ) Tj ET Q q 0 0 0 rg BT 242.60 718.35 Td (and ) Tj ET Q q 0 0 0 rg BT 260.58 718.35 Td (the ) Tj ET Q q 0 0 0 rg BT 276.34 718.35 Td (documents ) Tj ET Q q 0 0 0 rg BT 323.21 718.35 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 377.29 718.35 Td (herein ) Tj ET Q q 0 0 0 rg BT 405.82 718.35 Td (by ) Tj ET Q q 0 0 0 rg BT 419.37 718.35 Td (reference ) Tj ET Q q 0 0 0 rg BT 460.09 718.35 Td (contains ) Tj ET Q q 0 0 0 rg BT 496.96 718.35 Td (forward-looking ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 706.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 93.12 706.35 Td (within ) Tj ET Q q 0 0 0 rg BT 120.09 706.35 Td (the ) Tj ET Q q 0 0 0 rg BT 133.72 706.35 Td (meaning ) Tj ET Q q 0 0 0 rg BT 169.56 706.35 Td (of ) Tj ET Q q 0 0 0 rg BT 179.30 706.35 Td (Section27A) Tj ET Q q 0 0 0 rg BT 228.46 706.35 Td ( ) Tj ET Q q 0 0 0 rg BT 229.88 706.35 Td (of ) Tj ET Q q 0 0 0 rg BT 239.62 706.35 Td (the ) Tj ET Q q 0 0 0 rg BT 253.24 706.35 Td (Securities ) Tj ET Q q 0 0 0 rg BT 293.77 706.35 Td (Act ) Tj ET Q q 0 0 0 rg BT 309.62 706.35 Td (of ) Tj ET Q q 0 0 0 rg BT 319.36 706.35 Td (1933, ) Tj ET Q q 0 0 0 rg BT 343.27 706.35 Td (as ) Tj ET Q q 0 0 0 rg BT 353.01 706.35 Td (amended, ) Tj ET Q q 0 0 0 rg BT 393.02 706.35 Td (and ) Tj ET Q q 0 0 0 rg BT 408.87 706.35 Td (Section21E ) Tj ET Q q 0 0 0 rg BT 458.88 706.35 Td (of ) Tj ET Q q 0 0 0 rg BT 468.62 706.35 Td (the ) Tj ET Q q 0 0 0 rg BT 482.25 706.35 Td (Securities ) Tj ET Q q 0 0 0 rg BT 523.09 706.35 Td (Exchange ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 694.35 Td (Act ) Tj ET Q q 0 0 0 rg BT 66.07 694.35 Td (of ) Tj ET Q q 0 0 0 rg BT 76.53 694.35 Td (1934, ) Tj ET Q q 0 0 0 rg BT 101.16 694.35 Td (as ) Tj ET Q q 0 0 0 rg BT 111.62 694.35 Td (amended, ) Tj ET Q q 0 0 0 rg BT 152.35 694.35 Td (which ) Tj ET Q q 0 0 0 rg BT 178.92 694.35 Td (are ) Tj ET Q q 0 0 0 rg BT 193.26 694.35 Td (subject ) Tj ET Q q 0 0 0 rg BT 223.71 694.35 Td (to ) Tj ET Q q 0 0 0 rg BT 233.62 694.35 Td (the ) Tj ET Q q 0 0 0 rg BT 247.97 694.35 Td (safe ) Tj ET Q q 0 0 0 rg BT 270.64 694.35 Td (harbor ) Tj ET Q q 0 0 0 rg BT 303.31 694.35 Td (created ) Tj ET Q q 0 0 0 rg BT 334.30 694.35 Td (by ) Tj ET Q q 0 0 0 rg BT 346.43 694.35 Td (those ) Tj ET Q q 0 0 0 rg BT 369.67 694.35 Td (sections. ) Tj ET Q q 0 0 0 rg BT 406.37 694.35 Td (These ) Tj ET Q q 0 0 0 rg BT 432.38 694.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 476.72 694.35 Td (relate ) Tj ET Q q 0 0 0 rg BT 501.05 694.35 Td (to ) Tj ET Q q 0 0 0 rg BT 510.96 694.35 Td (future ) Tj ET Q q 0 0 0 rg BT 536.97 694.35 Td (events ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 682.35 Td (or ) Tj ET Q q 0 0 0 rg BT 60.59 682.35 Td (our ) Tj ET Q q 0 0 0 rg BT 76.67 682.35 Td (future ) Tj ET Q q 0 0 0 rg BT 103.30 682.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 141.04 682.35 Td (performance. ) Tj ET Q q 0 0 0 rg BT 196.82 682.35 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 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408.86 670.35 Td (other ) Tj ET Q q 0 0 0 rg BT 431.85 670.35 Td (wording ) Tj ET Q q 0 0 0 rg BT 467.63 670.35 Td (indicating ) Tj ET Q q 0 0 0 rg BT 510.07 670.35 Td (future ) Tj ET Q q 0 0 0 rg BT 536.40 670.35 Td (results ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 658.35 Td (or ) Tj ET Q q 0 0 0 rg BT 59.42 658.35 Td (expectations. ) Tj ET Q q 0 0 0 rg BT 113.49 658.35 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 182.85 658.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 226.66 658.35 Td (are ) Tj ET Q q 0 0 0 rg BT 240.46 658.35 Td (subject ) Tj ET Q q 0 0 0 rg BT 270.37 658.35 Td (to ) Tj ET Q q 0 0 0 rg BT 279.74 658.35 Td (risks ) Tj ET Q q 0 0 0 rg BT 300.23 658.35 Td (and ) Tj ET Q q 0 0 0 rg BT 316.26 658.35 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 371.44 658.35 Td (and ) Tj ET Q q 0 0 0 rg BT 387.47 658.35 Td (actual ) Tj ET Q q 0 0 0 rg BT 412.93 658.35 Td (events ) Tj ET Q q 0 0 0 rg BT 440.07 658.35 Td (or ) Tj ET Q q 0 0 0 rg BT 449.99 658.35 Td (results ) Tj ET Q q 0 0 0 rg BT 477.69 658.35 Td (may ) Tj ET Q q 0 0 0 rg BT 496.50 658.35 Td (dif) Tj ET Q q 0 0 0 rg BT 507.43 658.35 Td (fer ) Tj ET Q q 0 0 0 rg BT 520.12 658.35 Td (materially) Tj ET Q q 0 0 0 rg BT 560.01 658.35 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 646.35 Td (Factors ) Tj ET Q q 0 0 0 rg BT 81.11 646.35 Td (that ) Tj ET Q q 0 0 0 rg BT 98.27 646.35 Td (could ) Tj ET Q q 0 0 0 rg BT 122.65 646.35 Td (cause ) Tj ET Q q 0 0 0 rg BT 147.03 646.35 Td (our ) Tj ET Q q 0 0 0 rg BT 162.52 646.35 Td (actual ) Tj ET Q q 0 0 0 rg BT 188.56 646.35 Td (results ) Tj ET Q q 0 0 0 rg BT 216.84 646.35 Td (to ) Tj ET Q q 0 0 0 rg BT 226.78 646.35 Td (dif) Tj ET Q q 0 0 0 rg BT 237.71 646.35 Td (fer ) Tj ET Q q 0 0 0 rg BT 250.98 646.35 Td (materially ) Tj ET Q q 0 0 0 rg BT 293.68 646.35 Td (include, ) Tj ET Q q 0 0 0 rg BT 327.78 646.35 Td (but ) Tj ET Q q 0 0 0 rg BT 342.73 646.35 Td (are ) Tj ET Q q 0 0 0 rg BT 357.10 646.35 Td (not ) Tj ET Q q 0 0 0 rg BT 372.04 646.35 Td (limited ) Tj ET Q q 0 0 0 rg BT 402.54 646.35 Td (to, ) Tj ET Q q 0 0 0 rg BT 414.99 646.35 Td (those ) Tj ET Q q 0 0 0 rg BT 438.26 646.35 Td (discussed ) Tj ET Q q 0 0 0 rg BT 478.76 646.35 Td (under ) Tj ET Q q 0 0 0 rg BT 503.70 646.35 Td (Risk ) Tj ET Q q 0 0 0 rg BT 528.64 646.35 Td (Factors ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 634.35 Td (in ) Tj ET Q q 0 0 0 rg BT 59.41 634.35 Td (this ) Tj ET Q q 0 0 0 rg BT 75.99 634.35 Td (report. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.34 634.35 Td (W) Tj ET Q q 0 0 0 rg BT 112.98 634.35 Td (e ) Tj ET Q q 0 0 0 rg BT 119.55 634.35 Td (also ) Tj ET Q q 0 0 0 rg BT 137.79 634.35 Td (face ) Tj ET Q q 0 0 0 rg BT 156.56 634.35 Td (risks ) Tj ET Q q 0 0 0 rg BT 177.58 634.35 Td (and ) Tj ET Q q 0 0 0 rg BT 194.15 634.35 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 247.37 634.35 Td (relating ) Tj ET Q q 0 0 0 rg BT 280.04 634.35 Td (to ) Tj ET Q q 0 0 0 rg BT 289.95 634.35 Td (our ) Tj ET Q q 0 0 0 rg BT 305.41 634.35 Td (business ) Tj ET Q q 0 0 0 rg BT 341.44 634.35 Td (including: ) Tj ET Q q 0 0 0 rg BT 384.12 634.35 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 433.46 634.35 Td (in ) Tj ET Q q 0 0 0 rg BT 443.37 634.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 483.26 634.35 Td (lending ) Tj ET Q q 0 0 0 rg BT 515.39 634.35 Td (volume; ) Tj ET Q q 0 0 0 rg BT 550.29 634.35 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 622.35 Td (volume ) Tj ET Q q 0 0 0 rg BT 82.05 622.35 Td (of ) Tj ET Q q 0 0 0 rg BT 92.93 622.35 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 137.13 622.35 Td (originated ) Tj ET Q q 0 0 0 rg BT 180.23 622.35 Td (by ) Tj ET Q q 0 0 0 rg BT 192.78 622.35 Td (our ) Tj ET Q q 0 0 0 rg BT 208.66 622.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 256.76 622.35 Td (users; ) Tj ET Q q 0 0 0 rg BT 282.64 622.35 Td (the ) Tj ET Q q 0 0 0 rg BT 297.41 622.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 327.17 622.35 Td (of ) Tj ET Q q 0 0 0 rg BT 338.05 622.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 372.81 622.35 Td (in ) Tj ET Q q 0 0 0 rg BT 383.14 622.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 423.46 622.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 455.44 622.35 Td (rates; ) Tj ET Q q 0 0 0 rg BT 479.65 622.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 514.40 622.35 Td (in ) Tj ET Q q 0 0 0 rg BT 524.73 622.35 Td (mortgage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 610.35 Td (originator) Tj ET Q q 0 0 0 rg BT 88.53 610.35 Td (, ) Tj ET Q q 0 0 0 rg BT 93.82 610.35 Td (lender) Tj ET Q q 0 0 0 rg BT 118.40 610.35 Td (, ) Tj ET Q q 0 0 0 rg BT 123.68 610.35 Td (investor ) Tj ET Q q 0 0 0 rg BT 158.68 610.35 Td (or ) Tj ET Q q 0 0 0 rg BT 169.79 610.35 Td (service ) Tj ET Q q 0 0 0 rg BT 200.89 610.35 Td (provider ) Tj ET Q q 0 0 0 rg BT 237.55 610.35 Td (behavior ) Tj ET Q q 0 0 0 rg BT 275.32 610.35 Td (and ) Tj ET Q q 0 0 0 rg BT 292.54 610.35 Td (any ) Tj ET Q q 0 0 0 rg BT 309.76 610.35 Td (related ) Tj ET Q q 0 0 0 rg BT 339.74 610.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 369.74 610.35 Td (on ) Tj ET Q q 0 0 0 rg BT 382.52 610.35 Td (the ) Tj ET Q q 0 0 0 rg BT 397.52 610.35 Td (residential ) Tj ET Q q 0 0 0 rg BT 441.95 610.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 482.50 610.35 Td (industry; ) Tj ET Q q 0 0 0 rg BT 520.84 610.35 Td (our ) Tj ET Q q 0 0 0 rg BT 536.95 610.35 Td (ability ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 598.35 Td (to ) Tj ET Q q 0 0 0 rg BT 59.82 598.35 Td (accurately ) Tj ET Q q 0 0 0 rg BT 103.44 598.35 Td (forecast ) Tj ET Q q 0 0 0 rg BT 137.63 598.35 Td (revenues ) Tj ET Q q 0 0 0 rg BT 175.71 598.35 Td (and ) Tj ET Q q 0 0 0 rg BT 192.69 598.35 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 248.55 598.35 Td (plan ) Tj ET Q q 0 0 0 rg BT 268.31 598.35 Td (our ) Tj ET Q q 0 0 0 rg BT 284.18 598.35 Td (expenses; ) Tj ET Q q 0 0 0 rg BT 325.60 598.35 Td (the ) Tj ET Q q 0 0 0 rg BT 340.36 598.35 Td (number ) Tj ET Q q 0 0 0 rg BT 373.45 598.35 Td (of ) Tj ET Q q 0 0 0 rg BT 384.32 598.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 432.41 598.35 Td (users, ) Tj ET Q q 0 0 0 rg BT 458.01 598.35 Td (including ) Tj ET Q q 0 0 0 rg BT 498.32 598.35 Td (contracted ) Tj ET Q q 0 0 0 rg BT 542.51 598.35 Td (SaaS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 586.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.10 586.35 Td (users; ) Tj ET Q q 0 0 0 rg BT 122.49 586.35 Td (the ) Tj ET Q q 0 0 0 rg BT 136.77 586.35 Td (ef) Tj ET Q q 0 0 0 rg BT 144.35 586.35 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 190.83 586.35 Td (of ) Tj ET Q q 0 0 0 rg BT 201.22 586.35 Td (our ) Tj ET Q q 0 0 0 rg BT 216.61 586.35 Td (marketing ) Tj ET Q q 0 0 0 rg BT 259.21 586.35 Td (and ) Tj ET Q q 0 0 0 rg BT 275.70 586.35 Td (sales ) Tj ET Q q 0 0 0 rg BT 297.20 586.35 Td (ef) Tj ET Q q 0 0 0 rg BT 304.79 586.35 Td (forts ) Tj ET Q q 0 0 0 rg BT 325.17 586.35 Td (to ) Tj ET Q q 0 0 0 rg BT 335.01 586.35 Td (attract ) Tj ET Q q 0 0 0 rg BT 362.05 586.35 Td (new ) Tj ET Q q 0 0 0 rg BT 380.76 586.35 Td (and ) Tj ET Q q 0 0 0 rg BT 397.26 586.35 Td (retain ) Tj ET Q q 0 0 0 rg BT 422.08 586.35 Td (existing ) Tj ET Q q 0 0 0 rg BT 455.80 586.35 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 477.86 586.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 525.46 586.35 Td (users ) Tj ET Q q 0 0 0 rg BT 548.07 586.35 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 574.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 71.64 574.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 92.67 574.35 Td (Network ) Tj ET Q q 0 0 0 rg BT 130.93 574.35 Td (participants; ) Tj ET Q q 0 0 0 rg BT 183.62 574.35 Td (transaction ) Tj ET Q q 0 0 0 rg BT 230.75 574.35 Td (volume ) Tj ET Q q 0 0 0 rg BT 264.01 574.35 Td (on ) Tj ET Q q 0 0 0 rg BT 277.27 574.35 Td (the ) Tj ET Q q 0 0 0 rg BT 292.75 574.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 314.89 574.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 335.92 574.35 Td (Network; ) Tj ET Q q 0 0 0 rg BT 376.95 574.35 Td (the ) Tj ET Q q 0 0 0 rg BT 392.43 574.35 Td (level ) Tj ET Q q 0 0 0 rg BT 415.13 574.35 Td (of ) Tj ET Q q 0 0 0 rg BT 426.72 574.35 Td (demand ) Tj ET Q q 0 0 0 rg BT 461.63 574.35 Td (for ) Tj ET Q q 0 0 0 rg BT 476.56 574.35 Td (our ) Tj ET Q q 0 0 0 rg BT 493.15 574.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 541.96 574.35 Td (Docs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 562.35 Td (Solution ) Tj ET Q q 0 0 0 rg BT 84.93 562.35 Td (and ) Tj ET Q q 0 0 0 rg BT 100.90 562.35 Td (other ) Tj ET Q q 0 0 0 rg BT 122.97 562.35 Td (services ) Tj ET Q q 0 0 0 rg BT 156.71 562.35 Td (we ) Tj ET Q q 0 0 0 rg BT 169.90 562.35 Td (of) Tj ET Q q 0 0 0 rg BT 178.05 562.35 Td (fer; ) Tj ET Q q 0 0 0 rg BT 193.46 562.35 Td (the ) Tj ET Q q 0 0 0 rg BT 207.21 562.35 Td (level ) Tj ET Q q 0 0 0 rg BT 228.17 562.35 Td (of ) Tj ET Q q 0 0 0 rg BT 238.03 562.35 Td (adoption ) Tj ET Q q 0 0 0 rg BT 274.56 562.35 Td (of ) Tj ET Q q 0 0 0 rg BT 284.42 562.35 Td (our ) Tj ET Q q 0 0 0 rg BT 299.17 562.35 Td (T) Tj ET Q q 0 0 0 rg BT 304.58 562.35 Td (otal ) Tj ET Q q 0 0 0 rg BT 321.11 562.35 Td (Quality ) Tj ET Q q 0 0 0 rg BT 352.63 562.35 Td (Loan, ) Tj ET Q q 0 0 0 rg BT 377.21 562.35 Td (or ) Tj ET Q q 0 0 0 rg BT 386.96 562.35 Td (TQL, ) Tj ET Q q 0 0 0 rg BT 410.43 562.35 Td (program; ) Tj ET Q q 0 0 0 rg BT 448.61 562.35 Td (the ) Tj ET Q q 0 0 0 rg BT 462.36 562.35 Td (timing ) Tj ET Q q 0 0 0 rg BT 490.01 562.35 Td (of ) Tj ET Q q 0 0 0 rg BT 499.87 562.35 Td (the ) Tj ET Q q 0 0 0 rg BT 513.61 562.35 Td (introduction ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 550.35 Td (and ) Tj ET Q q 0 0 0 rg BT 66.87 550.35 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 113.64 550.35 Td (of ) Tj ET Q q 0 0 0 rg BT 124.90 550.35 Td (new ) Tj ET Q q 0 0 0 rg BT 144.49 550.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 166.29 550.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 186.99 550.35 Td (Network ) Tj ET Q q 0 0 0 rg BT 224.91 550.35 Td (of) Tj ET Q q 0 0 0 rg BT 233.06 550.35 Td (ferings ) Tj ET Q q 0 0 0 rg BT 263.75 550.35 Td (and ) Tj ET Q q 0 0 0 rg BT 281.12 550.35 Td (new ) Tj ET Q q 0 0 0 rg BT 300.71 550.35 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 348.62 550.35 Td (services; ) Tj ET Q q 0 0 0 rg BT 386.53 550.35 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 440.56 550.35 Td (in ) Tj ET Q q 0 0 0 rg BT 451.27 550.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 473.08 550.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 493.77 550.35 Td (Network ) Tj ET Q q 0 0 0 rg BT 531.69 550.35 Td (service, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 538.35 Td (our ) Tj ET Q q 0 0 0 rg BT 64.96 538.35 Td (hosted ) Tj ET Q q 0 0 0 rg BT 93.19 538.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 140.86 538.35 Td (software ) Tj ET Q q 0 0 0 rg BT 177.42 538.35 Td (and ) Tj ET Q q 0 0 0 rg BT 193.98 538.35 Td (any ) Tj ET Q q 0 0 0 rg BT 210.54 538.35 Td (related ) Tj ET Q q 0 0 0 rg BT 239.87 538.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 269.21 538.35 Td (on ) Tj ET Q q 0 0 0 rg BT 281.33 538.35 Td (our ) Tj ET Q q 0 0 0 rg BT 296.79 538.35 Td (reputation; ) Tj ET Q q 0 0 0 rg BT 342.24 538.35 Td (our ) Tj ET Q q 0 0 0 rg BT 357.69 538.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 385.37 538.35 Td (to ) Tj ET Q q 0 0 0 rg BT 395.27 538.35 Td (protect ) Tj ET Q q 0 0 0 rg BT 425.16 538.35 Td (the ) Tj ET Q q 0 0 0 rg BT 439.50 538.35 Td (confidential ) Tj ET Q q 0 0 0 rg BT 489.39 538.35 Td (information ) Tj ET Q q 0 0 0 rg BT 538.73 538.35 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 538.35 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 526.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 96.48 526.35 Td (users, ) Tj ET Q q 0 0 0 rg BT 120.96 526.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 141.28 526.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 160.48 526.35 Td (Network ) Tj ET Q q 0 0 0 rg BT 196.90 526.35 Td (participants ) Tj ET Q q 0 0 0 rg BT 244.99 526.35 Td (and ) Tj ET Q q 0 0 0 rg BT 260.86 526.35 Td (their ) Tj ET Q q 0 0 0 rg BT 280.62 526.35 Td (respective ) Tj ET Q q 0 0 0 rg BT 322.58 526.35 Td (customers; ) Tj ET Q q 0 0 0 rg BT 367.34 526.35 Td (customer ) Tj ET Q q 0 0 0 rg BT 405.43 526.35 Td (renewal ) Tj ET Q q 0 0 0 rg BT 438.51 526.35 Td (and ) Tj ET Q q 0 0 0 rg BT 454.38 526.35 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 488.02 526.35 Td (rates; ) Tj ET Q q 0 0 0 rg BT 511.11 526.35 Td (the ) Tj ET Q q 0 0 0 rg BT 524.76 526.35 Td (increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 514.35 Td (time, ) Tj ET Q q 0 0 0 rg BT 72.96 514.35 Td (cost ) Tj ET Q q 0 0 0 rg BT 92.25 514.35 Td (and ) Tj ET Q q 0 0 0 rg BT 109.87 514.35 Td (complexity ) Tj ET Q q 0 0 0 rg BT 158.04 514.35 Td (that ) Tj ET Q q 0 0 0 rg BT 176.22 514.35 Td (may ) Tj ET Q q 0 0 0 rg BT 196.62 514.35 Td (be ) Tj ET Q q 0 0 0 rg BT 209.24 514.35 Td (required ) Tj ET Q q 0 0 0 rg BT 245.74 514.35 Td (to ) Tj ET Q q 0 0 0 rg BT 256.70 514.35 Td (successfully ) Tj ET Q q 0 0 0 rg BT 308.76 514.35 Td (tar) Tj ET Q q 0 0 0 rg BT 319.12 514.35 Td (get ) Tj ET Q q 0 0 0 rg BT 334.52 514.35 Td (lar) Tj ET Q q 0 0 0 rg BT 344.89 514.35 Td (ger ) Tj ET Q q 0 0 0 rg BT 360.84 514.35 Td (customers; ) Tj ET Q q 0 0 0 rg BT 407.35 514.35 Td (our ) Tj ET Q q 0 0 0 rg BT 423.86 514.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 452.60 514.35 Td (to ) Tj ET Q q 0 0 0 rg BT 463.56 514.35 Td (scale ) Tj ET Q q 0 0 0 rg BT 486.72 514.35 Td (our ) Tj ET Q q 0 0 0 rg BT 503.24 514.35 Td (operations ) Tj ET Q q 0 0 0 rg BT 548.08 514.35 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 502.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.83 502.35 Td (productivity ) Tj ET Q q 0 0 0 rg BT 136.30 502.35 Td (to ) Tj ET Q q 0 0 0 rg BT 146.66 502.35 Td (support ) Tj ET Q q 0 0 0 rg BT 179.24 502.35 Td (our ) Tj ET Q q 0 0 0 rg BT 195.15 502.35 Td (existing ) Tj ET Q q 0 0 0 rg BT 229.39 502.35 Td (and ) Tj ET Q q 0 0 0 rg BT 246.41 502.35 Td (growing ) Tj ET Q q 0 0 0 rg BT 282.32 502.35 Td (customer ) Tj ET Q q 0 0 0 rg BT 321.56 502.35 Td (base; ) Tj ET Q q 0 0 0 rg BT 344.69 502.35 Td (our ) Tj ET Q q 0 0 0 rg BT 360.60 502.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 388.73 502.35 Td (to ) Tj ET Q q 0 0 0 rg BT 399.09 502.35 Td (successfully ) Tj ET Q q 0 0 0 rg BT 450.54 502.35 Td (manage ) Tj ET Q q 0 0 0 rg BT 484.22 502.35 Td (our ) Tj ET Q q 0 0 0 rg BT 500.13 502.35 Td (growth ) Tj ET Q q 0 0 0 rg BT 531.04 502.35 Td (and ) Tj ET Q q 0 0 0 rg BT 548.06 502.35 Td (any ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 490.35 Td (future ) Tj ET Q q 0 0 0 rg BT 76.16 490.35 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 126.71 490.35 Td (of ) Tj ET Q q 0 0 0 rg BT 137.83 490.35 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 185.33 490.35 Td (solutions ) Tj ET Q q 0 0 0 rg BT 224.23 490.35 Td (or ) Tj ET Q q 0 0 0 rg BT 235.34 490.35 Td (technologies; ) Tj ET Q q 0 0 0 rg BT 291.45 490.35 Td (the ) Tj ET Q q 0 0 0 rg BT 306.45 490.35 Td (risk ) Tj ET Q q 0 0 0 rg BT 324.23 490.35 Td (that ) Tj ET Q q 0 0 0 rg BT 342.00 490.35 Td (the ) Tj ET Q q 0 0 0 rg BT 357.00 490.35 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 403.65 490.35 Td (benefits ) Tj ET Q q 0 0 0 rg BT 438.09 490.35 Td (and ) Tj ET Q q 0 0 0 rg BT 455.31 490.35 Td (growth ) Tj ET Q q 0 0 0 rg BT 486.42 490.35 Td (prospects ) Tj ET Q q 0 0 0 rg BT 526.97 490.35 Td (expected ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 478.35 Td (from ) Tj ET Q q 0 0 0 rg BT 71.32 478.35 Td (the ) Tj ET Q q 0 0 0 rg BT 85.39 478.35 Td (ARG ) Tj ET Q q 0 0 0 rg BT 108.88 478.35 Td (Interactive, ) Tj ET Q q 0 0 0 rg BT 156.51 478.35 Td (LLC ) Tj ET Q q 0 0 0 rg BT 177.78 478.35 Td (\(dba ) Tj ET Q q 0 0 0 rg BT 197.93 478.35 Td (MortgageCEO\), ) Tj ET Q q 0 0 0 rg BT 265.02 478.35 Td (or ) Tj ET Q q 0 0 0 rg BT 275.73 478.35 Td (MortgageCEO, ) Tj ET Q q 0 0 0 rg BT 339.48 478.35 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 385.75 478.35 Td (may ) Tj ET Q q 0 0 0 rg BT 405.34 478.35 Td (not ) Tj ET Q q 0 0 0 rg BT 420.50 478.35 Td (be ) Tj ET Q q 0 0 0 rg BT 432.32 478.35 Td (fully ) Tj ET Q q 0 0 0 rg BT 453.59 478.35 Td (realized ) Tj ET Q q 0 0 0 rg BT 487.61 478.35 Td (or ) Tj ET Q q 0 0 0 rg BT 498.32 478.35 Td (may ) Tj ET Q q 0 0 0 rg BT 517.92 478.35 Td (take ) Tj ET Q q 0 0 0 rg BT 536.95 478.35 Td (longer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 466.35 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 466.35 Td (realize ) Tj ET Q q 0 0 0 rg BT 88.93 466.35 Td (than ) Tj ET Q q 0 0 0 rg BT 108.65 466.35 Td (expected; ) Tj ET Q q 0 0 0 rg BT 149.47 466.35 Td (the ) Tj ET Q q 0 0 0 rg BT 164.19 466.35 Td (timing ) Tj ET Q q 0 0 0 rg BT 192.81 466.35 Td (of ) Tj ET Q q 0 0 0 rg BT 203.64 466.35 Td (future ) Tj ET Q q 0 0 0 rg BT 230.02 466.35 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 280.30 466.35 Td (of ) Tj ET Q q 0 0 0 rg BT 291.14 466.35 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 338.36 466.35 Td (solutions ) Tj ET Q q 0 0 0 rg BT 376.99 466.35 Td (or ) Tj ET Q q 0 0 0 rg BT 387.82 466.35 Td (technologies ) Tj ET Q q 0 0 0 rg BT 440.87 466.35 Td (and ) Tj ET Q q 0 0 0 rg BT 457.81 466.35 Td (new ) Tj ET Q q 0 0 0 rg BT 476.98 466.35 Td (product ) Tj ET Q q 0 0 0 rg BT 510.03 466.35 Td (launches; ) Tj ET Q q 0 0 0 rg BT 550.30 466.35 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 454.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 78.73 454.35 Td (of ) Tj ET Q q 0 0 0 rg BT 89.08 454.35 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 128.30 454.35 Td (domestic ) Tj ET Q q 0 0 0 rg BT 166.42 454.35 Td (and ) Tj ET Q q 0 0 0 rg BT 182.88 454.35 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 227.66 454.35 Td (economic ) Tj ET Q q 0 0 0 rg BT 268.55 454.35 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 314.74 454.35 Td (including ) Tj ET Q q 0 0 0 rg BT 354.53 454.35 Td (the ) Tj ET Q q 0 0 0 rg BT 368.76 454.35 Td (resulting ) Tj ET Q q 0 0 0 rg BT 405.78 454.35 Td (ef) Tj ET Q q 0 0 0 rg BT 413.36 454.35 Td (fect ) Tj ET Q q 0 0 0 rg BT 430.37 454.35 Td (on ) Tj ET Q q 0 0 0 rg BT 442.39 454.35 Td (residential ) Tj ET Q q 0 0 0 rg BT 486.05 454.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 525.84 454.35 Td (volumes; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 442.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.57 442.35 Td (in ) Tj ET Q q 0 0 0 rg BT 95.22 442.35 Td (government ) Tj ET Q q 0 0 0 rg BT 145.84 442.35 Td (regulation ) Tj ET Q q 0 0 0 rg BT 189.25 442.35 Td (af) Tj ET Q q 0 0 0 rg BT 196.84 442.35 Td (fecting ) Tj ET Q q 0 0 0 rg BT 227.47 442.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 249.22 442.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 269.85 442.35 Td (Network ) Tj ET Q q 0 0 0 rg BT 307.71 442.35 Td (participants ) Tj ET Q q 0 0 0 rg BT 357.22 442.35 Td (or ) Tj ET Q q 0 0 0 rg BT 368.42 442.35 Td (our ) Tj ET Q q 0 0 0 rg BT 384.61 442.35 Td (business, ) Tj ET Q q 0 0 0 rg BT 423.87 442.35 Td (and ) Tj ET Q q 0 0 0 rg BT 441.17 442.35 Td (potential ) Tj ET Q q 0 0 0 rg BT 479.03 442.35 Td (structural ) Tj ET Q q 0 0 0 rg BT 519.66 442.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.73 442.35 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 430.35 Td (the ) Tj ET Q q 0 0 0 rg BT 63.41 430.35 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 82.88 430.35 Td (residential ) Tj ET Q q 0 0 0 rg BT 126.22 430.35 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 165.67 430.35 Td (industry; ) Tj ET Q q 0 0 0 rg BT 202.91 430.35 Td (the ) Tj ET Q q 0 0 0 rg BT 216.82 430.35 Td (attraction ) Tj ET Q q 0 0 0 rg BT 256.27 430.35 Td (and ) Tj ET Q q 0 0 0 rg BT 272.39 430.35 Td (retention ) Tj ET Q q 0 0 0 rg BT 309.62 430.35 Td (of ) Tj ET Q q 0 0 0 rg BT 319.64 430.35 Td (qualified ) Tj ET Q q 0 0 0 rg BT 356.87 430.35 Td (employees ) Tj ET Q q 0 0 0 rg BT 401.32 430.35 Td (and ) Tj ET Q q 0 0 0 rg BT 417.45 430.35 Td (key ) Tj ET Q q 0 0 0 rg BT 433.58 430.35 Td (personnel; ) Tj ET Q q 0 0 0 rg BT 476.92 430.35 Td (our ) Tj ET Q q 0 0 0 rg BT 491.94 430.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 519.18 430.35 Td (to ) Tj ET Q q 0 0 0 rg BT 528.65 430.35 Td (compete ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 418.35 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 418.35 Td (fectively ) Tj ET Q q 0 0 0 rg BT 94.08 418.35 Td (in ) Tj ET Q q 0 0 0 rg BT 103.86 418.35 Td (a ) Tj ET Q q 0 0 0 rg BT 110.31 418.35 Td (highly ) Tj ET Q q 0 0 0 rg BT 137.88 418.35 Td (competitive ) Tj ET Q q 0 0 0 rg BT 187.09 418.35 Td (market ) Tj ET Q q 0 0 0 rg BT 216.86 418.35 Td (and ) Tj ET Q q 0 0 0 rg BT 233.31 418.35 Td (adapt ) Tj ET Q q 0 0 0 rg BT 256.97 418.35 Td (to ) Tj ET Q q 0 0 0 rg BT 266.76 418.35 Td (technological ) Tj ET Q q 0 0 0 rg BT 322.63 418.35 Td (changes; ) Tj ET Q q 0 0 0 rg BT 359.63 418.35 Td (our ) Tj ET Q q 0 0 0 rg BT 374.97 418.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 402.53 418.35 Td (to ) Tj ET Q q 0 0 0 rg BT 412.31 418.35 Td (enhance ) Tj ET Q q 0 0 0 rg BT 447.08 418.35 Td (the ) Tj ET Q q 0 0 0 rg BT 461.30 418.35 Td (features ) Tj ET Q q 0 0 0 rg BT 494.95 418.35 Td (and ) Tj ET Q q 0 0 0 rg BT 511.40 418.35 Td (functionality ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 406.35 Td (of ) Tj ET Q q 0 0 0 rg BT 60.43 406.35 Td (our ) Tj ET Q q 0 0 0 rg BT 76.37 406.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 124.52 406.35 Td (software ) Tj ET Q q 0 0 0 rg BT 161.55 406.35 Td (and ) Tj ET Q q 0 0 0 rg BT 178.59 406.35 Td (the ) Tj ET Q q 0 0 0 rg BT 193.42 406.35 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 214.90 406.35 Td (Mae ) Tj ET Q q 0 0 0 rg BT 235.27 406.35 Td (Network; ) Tj ET Q q 0 0 0 rg BT 275.65 406.35 Td (our ) Tj ET Q q 0 0 0 rg BT 291.58 406.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 319.74 406.35 Td (to ) Tj ET Q q 0 0 0 rg BT 330.12 406.35 Td (protect ) Tj ET Q q 0 0 0 rg BT 360.49 406.35 Td (our ) Tj ET Q q 0 0 0 rg BT 376.42 406.35 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 423.45 406.35 Td (property) Tj ET Q q 0 0 0 rg BT 456.68 406.35 Td (, ) Tj ET Q q 0 0 0 rg BT 461.78 406.35 Td (including ) Tj ET Q q 0 0 0 rg BT 502.16 406.35 Td (our ) Tj ET Q q 0 0 0 rg BT 518.09 406.35 Td (proprietary ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 394.35 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.44 394.35 Td (software; ) Tj ET Q q 0 0 0 rg BT 137.04 394.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 159.44 394.35 Td (associated ) Tj ET Q q 0 0 0 rg BT 202.93 394.35 Td (with ) Tj ET Q q 0 0 0 rg BT 223.10 394.35 Td (defending ) Tj ET Q q 0 0 0 rg BT 265.48 394.35 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 312.30 394.35 Td (property ) Tj ET Q q 0 0 0 rg BT 348.57 394.35 Td (infringement ) Tj ET Q q 0 0 0 rg BT 402.62 394.35 Td (and ) Tj ET Q q 0 0 0 rg BT 419.45 394.35 Td (other ) Tj ET Q q 0 0 0 rg BT 442.39 394.35 Td (claims; ) Tj ET Q q 0 0 0 rg BT 473.67 394.35 Td (our ) Tj ET Q q 0 0 0 rg BT 489.40 394.35 Td (ability ) Tj ET Q q 0 0 0 rg BT 517.34 394.35 Td (to ) Tj ET Q q 0 0 0 rg BT 527.52 394.35 Td (maintain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 382.35 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 382.35 Td (fective ) Tj ET Q q 0 0 0 rg BT 87.73 382.35 Td (internal ) Tj ET Q q 0 0 0 rg BT 121.71 382.35 Td (controls ) Tj ET Q q 0 0 0 rg BT 157.37 382.35 Td (and ) Tj ET Q q 0 0 0 rg BT 175.24 382.35 Td (the ) Tj ET Q q 0 0 0 rg BT 190.90 382.35 Td (risk ) Tj ET Q q 0 0 0 rg BT 209.34 382.35 Td (of ) Tj ET Q q 0 0 0 rg BT 221.11 382.35 Td (natural ) Tj ET Q q 0 0 0 rg BT 252.31 382.35 Td (and ) Tj ET Q q 0 0 0 rg BT 270.19 382.35 Td (man-made ) Tj ET Q q 0 0 0 rg BT 315.83 382.35 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 367.58 382.35 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 422.12 382.35 Td (to ) Tj ET Q q 0 0 0 rg BT 433.34 382.35 Td (our ) Tj ET Q q 0 0 0 rg BT 450.11 382.35 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.50 382.35 Td ( ) Tj ET Q q 0 0 0 rg BT 489.94 382.35 Td ( ) Tj ET Q q 0 0 0 rg BT 493.13 382.35 Td (W) Tj ET Q q 0 0 0 rg BT 501.77 382.35 Td (e ) Tj ET Q q 0 0 0 rg BT 509.64 382.35 Td (undertake ) Tj ET Q q 0 0 0 rg BT 552.51 382.35 Td (no ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 370.35 Td (obligation ) Tj ET Q q 0 0 0 rg BT 92.32 370.35 Td (to ) Tj ET Q q 0 0 0 rg BT 102.37 370.35 Td (revise ) Tj ET Q q 0 0 0 rg BT 128.52 370.35 Td (or ) Tj ET Q q 0 0 0 rg BT 139.12 370.35 Td (update ) Tj ET Q q 0 0 0 rg BT 168.04 370.35 Td (any ) Tj ET Q q 0 0 0 rg BT 184.75 370.35 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 252.56 370.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 297.04 370.35 Td (to ) Tj ET Q q 0 0 0 rg BT 307.09 370.35 Td (reflect ) Tj ET Q q 0 0 0 rg BT 334.90 370.35 Td (any ) Tj ET Q q 0 0 0 rg BT 351.60 370.35 Td (event ) Tj ET Q q 0 0 0 rg BT 375.53 370.35 Td (or ) Tj ET Q q 0 0 0 rg BT 386.13 370.35 Td (circumstance ) Tj ET Q q 0 0 0 rg BT 441.15 370.35 Td (that ) Tj ET Q q 0 0 0 rg BT 458.42 370.35 Td (arises ) Tj ET Q q 0 0 0 rg BT 483.46 370.35 Td (after ) Tj ET Q q 0 0 0 rg BT 504.04 370.35 Td (the ) Tj ET Q q 0 0 0 rg BT 518.53 370.35 Td (date ) Tj ET Q q 0 0 0 rg BT 537.45 370.35 Td (of ) Tj ET Q q 0 0 0 rg BT 548.05 370.35 Td (this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 358.35 Td (report, ) Tj ET Q q 0 0 0 rg BT 78.38 358.35 Td (or ) Tj ET Q q 0 0 0 rg BT 89.21 358.35 Td (to ) Tj ET Q q 0 0 0 rg BT 99.49 358.35 Td (conform ) Tj ET Q q 0 0 0 rg BT 135.86 358.35 Td (such ) Tj ET Q q 0 0 0 rg BT 156.69 358.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 201.40 358.35 Td (to ) Tj ET Q q 0 0 0 rg BT 211.68 358.35 Td (actual ) Tj ET Q q 0 0 0 rg BT 238.05 358.35 Td (results ) Tj ET Q q 0 0 0 rg BT 266.66 358.35 Td (or ) Tj ET Q q 0 0 0 rg BT 277.49 358.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 312.20 358.35 Td (in ) Tj ET Q q 0 0 0 rg BT 322.48 358.35 Td (our ) Tj ET Q q 0 0 0 rg BT 338.31 358.35 Td (expectations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 336.45 Td (In ) Tj ET Q q 0 0 0 rg BT 107.12 336.45 Td (this ) Tj ET Q q 0 0 0 rg BT 123.85 336.45 Td (report, ) Tj ET Q q 0 0 0 rg BT 152.52 336.45 Td (references ) Tj ET Q q 0 0 0 rg BT 195.88 336.45 Td (to ) Tj ET Q q 0 0 0 rg BT 205.95 336.45 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 231.55 336.45 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 258.55 336.45 Td (the ) Tj ET Q q 0 0 0 rg BT 277.49 336.45 Td (Company) Tj ET Q q 0 0 0 rg BT 315.73 336.45 Td (, ) Tj ET Q q 0 0 0 rg BT 324.95 336.45 Td (we, ) Tj ET Q q 0 0 0 rg BT 350.28 336.45 Td (our ) Tj ET Q q 0 0 0 rg BT 374.77 336.45 Td (or ) Tj ET Q q 0 0 0 rg BT 385.39 336.45 Td (us ) Tj ET Q q 0 0 0 rg BT 405.45 336.45 Td (refer ) Tj ET Q q 0 0 0 rg BT 426.60 336.45 Td (to ) Tj ET Q q 0 0 0 rg BT 436.67 336.45 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 457.84 336.45 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 480.39 336.45 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 497.95 336.45 Td (together ) Tj ET Q q 0 0 0 rg BT 533.00 336.45 Td (with ) Tj ET Q q 0 0 0 rg BT 553.07 336.45 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 324.45 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 101.72 324.45 Td (unless ) Tj ET Q q 0 0 0 rg BT 129.22 324.45 Td (the ) Tj ET Q q 0 0 0 rg BT 143.93 324.45 Td (context ) Tj ET Q q 0 0 0 rg BT 175.87 324.45 Td (requires ) Tj ET Q q 0 0 0 rg BT 210.57 324.45 Td (otherwise.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 289.80 292.65 Td (P) Tj ET Q q 0 0 0 rg BT 295.17 292.65 Td (AR) Tj ET Q q 0 0 0 rg BT 309.26 292.65 Td (T) Tj ET Q q 0 0 0 rg BT 315.75 292.65 Td ( I) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 271.83 Td (ITEM1.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 271.83 Td (BUSINESS) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 239.25 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 239.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.60 239.25 Td (Company) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 222.85 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 222.85 Td (e ) Tj ET Q q 0 0 0 rg BT 89.26 222.85 Td (provide ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.50 222.85 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 172.17 222.85 Td (software ) Tj ET Q q 0 0 0 rg BT 210.28 222.85 Td (solutions ) Tj ET Q q 0 0 0 rg BT 250.09 222.85 Td (and ) Tj ET Q q 0 0 0 rg BT 268.21 222.85 Td (services ) Tj ET Q q 0 0 0 rg BT 304.11 222.85 Td (for ) Tj ET Q q 0 0 0 rg BT 319.45 222.85 Td (the ) Tj ET Q q 0 0 0 rg BT 335.36 222.85 Td (residential ) Tj ET Q q 0 0 0 rg BT 380.69 222.85 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 422.14 222.85 Td (industry ) Tj ET Q q 0 0 0 rg BT 458.61 222.85 Td (in ) Tj ET Q q 0 0 0 rg BT 470.07 222.85 Td (the ) Tj ET Q q 0 0 0 rg BT 485.98 222.85 Td (United ) Tj ET Q q 0 0 0 rg BT 516.88 222.85 Td (States) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.77 222.85 Td (. ) Tj ET Q q 0 0 0 rg BT 546.95 222.85 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 210.85 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.15 210.85 Td (management ) Tj ET Q q 0 0 0 rg BT 142.12 210.85 Td (solutions ) Tj ET Q q 0 0 0 rg BT 180.11 210.85 Td (help ) Tj ET Q q 0 0 0 rg BT 199.21 210.85 Td (streamline ) Tj ET Q q 0 0 0 rg BT 242.74 210.85 Td (and ) Tj ET Q q 0 0 0 rg BT 259.06 210.85 Td (automate ) Tj ET Q q 0 0 0 rg BT 297.60 210.85 Td (the ) Tj ET Q q 0 0 0 rg BT 311.69 210.85 Td (process ) Tj ET Q q 0 0 0 rg BT 343.57 210.85 Td (of ) Tj ET Q q 0 0 0 rg BT 353.78 210.85 Td (originating ) Tj ET Q q 0 0 0 rg BT 399.54 210.85 Td (and ) Tj ET Q q 0 0 0 rg BT 415.86 210.85 Td (funding ) Tj ET Q q 0 0 0 rg BT 448.85 210.85 Td (new ) Tj ET Q q 0 0 0 rg BT 467.39 210.85 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 507.04 210.85 Td (loans, ) Tj ET Q q 0 0 0 rg BT 532.53 210.85 Td (thereby ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 198.85 Td (increasing ) Tj ET Q q 0 0 0 rg BT 91.98 198.85 Td (ef) Tj ET Q q 0 0 0 rg BT 99.57 198.85 Td (ficiency) Tj ET Q q 0 0 0 rg BT 131.12 198.85 Td (, ) Tj ET Q q 0 0 0 rg BT 135.00 198.85 Td (improving ) Tj ET Q q 0 0 0 rg BT 178.05 198.85 Td (loan ) Tj ET Q q 0 0 0 rg BT 196.65 198.85 Td (quality) Tj ET Q q 0 0 0 rg BT 223.78 198.85 Td (, ) Tj ET Q q 0 0 0 rg BT 227.66 198.85 Td (facilitating ) Tj ET Q q 0 0 0 rg BT 272.36 198.85 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 314.84 198.85 Td (compliance ) Tj ET Q q 0 0 0 rg BT 362.31 198.85 Td (and ) Tj ET Q q 0 0 0 rg BT 378.14 198.85 Td (reducing ) Tj ET Q q 0 0 0 rg BT 414.50 198.85 Td (documentation ) Tj ET Q q 0 0 0 rg BT 475.32 198.85 Td (errors ) Tj ET Q q 0 0 0 rg BT 500.02 198.85 Td (while ) Tj ET Q q 0 0 0 rg BT 523.62 198.85 Td (providing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 186.85 Td (one ) Tj ET Q q 0 0 0 rg BT 66.44 186.85 Td (system ) Tj ET Q q 0 0 0 rg BT 96.72 186.85 Td (of ) Tj ET Q q 0 0 0 rg BT 107.55 186.85 Td (record ) Tj ET Q q 0 0 0 rg BT 135.58 186.85 Td (for ) Tj ET Q q 0 0 0 rg BT 149.74 186.85 Td (loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.85 186.85 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 170.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.23 170.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 137.95 170.45 Td (software ) Tj ET Q q 0 0 0 rg BT 174.56 170.45 Td (is ) Tj ET Q q 0 0 0 rg BT 183.41 170.45 Td (an ) Tj ET Q q 0 0 0 rg BT 195.02 170.45 Td (end-to-end, ) Tj ET Q q 0 0 0 rg BT 243.02 170.45 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 305.73 170.45 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 347.33 170.45 Td (solution ) Tj ET Q q 0 0 0 rg BT 381.73 170.45 Td (that ) Tj ET Q q 0 0 0 rg BT 398.91 170.45 Td (handles ) Tj ET Q q 0 0 0 rg BT 431.63 170.45 Td (most ) Tj ET Q q 0 0 0 rg BT 453.26 170.45 Td (of ) Tj ET Q q 0 0 0 rg BT 463.76 170.45 Td (the ) Tj ET Q q 0 0 0 rg BT 478.16 170.45 Td (functions ) Tj ET Q q 0 0 0 rg BT 517.55 170.45 Td (involved ) Tj ET Q q 0 0 0 rg BT 554.73 170.45 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 158.45 Td (running ) Tj ET Q q 0 0 0 rg BT 82.94 158.45 Td (the ) Tj ET Q q 0 0 0 rg BT 97.49 158.45 Td (business ) Tj ET Q q 0 0 0 rg BT 133.72 158.45 Td (of ) Tj ET Q q 0 0 0 rg BT 144.38 158.45 Td (originating ) Tj ET Q q 0 0 0 rg BT 190.60 158.45 Td (mortgages: ) Tj ET Q q 0 0 0 rg BT 237.37 158.45 Td (customer ) Tj ET Q q 0 0 0 rg BT 276.36 158.45 Td (relationship ) Tj ET Q q 0 0 0 rg BT 325.90 158.45 Td (management; ) Tj ET Q q 0 0 0 rg BT 382.10 158.45 Td (loan ) Tj ET Q q 0 0 0 rg BT 401.65 158.45 Td (processing; ) Tj ET Q q 0 0 0 rg BT 449.53 158.45 Td (underwriting; ) Tj ET Q q 0 0 0 rg BT 506.30 158.45 Td (preparation ) Tj ET Q q 0 0 0 rg BT 554.17 158.45 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 146.45 Td (application, ) Tj ET Q q 0 0 0 rg BT 99.52 146.45 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 143.17 146.45 Td (and ) Tj ET Q q 0 0 0 rg BT 160.70 146.45 Td (closing ) Tj ET Q q 0 0 0 rg BT 192.68 146.45 Td (documents; ) Tj ET Q q 0 0 0 rg BT 241.88 146.45 Td (funding ) Tj ET Q q 0 0 0 rg BT 276.09 146.45 Td (and ) Tj ET Q q 0 0 0 rg BT 293.62 146.45 Td (closing ) Tj ET Q q 0 0 0 rg BT 325.60 146.45 Td (the ) Tj ET Q q 0 0 0 rg BT 340.92 146.45 Td (loan ) Tj ET Q q 0 0 0 rg BT 361.23 146.45 Td (for ) Tj ET Q q 0 0 0 rg BT 375.98 146.45 Td (the ) Tj ET Q q 0 0 0 rg BT 391.30 146.45 Td (borrower; ) Tj ET Q q 0 0 0 rg BT 433.82 146.45 Td (compliance ) Tj ET Q q 0 0 0 rg BT 483.01 146.45 Td (with ) Tj ET Q q 0 0 0 rg BT 503.88 146.45 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 548.07 146.45 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 134.45 Td (investor ) Tj ET Q q 0 0 0 rg BT 83.67 134.45 Td (requirements ) Tj ET Q q 0 0 0 rg BT 137.82 134.45 Td (and ) Tj ET Q q 0 0 0 rg BT 154.21 134.45 Td (overall ) Tj ET Q q 0 0 0 rg BT 183.93 134.45 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 225.31 134.45 Td (management ) Tj ET Q q 0 0 0 rg BT 278.35 134.45 Td (that ) Tj ET Q q 0 0 0 rg BT 295.29 134.45 Td (provides ) Tj ET Q q 0 0 0 rg BT 331.68 134.45 Td (one ) Tj ET Q q 0 0 0 rg BT 348.08 134.45 Td (system ) Tj ET Q q 0 0 0 rg BT 377.81 134.45 Td (of ) Tj ET Q q 0 0 0 rg BT 388.09 134.45 Td (record. ) Tj ET Q q 0 0 0 rg BT 418.08 134.45 Td (Delivery ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.01 134.45 Td (of ) Tj ET Q q 0 0 0 rg BT 465.30 134.45 Td (our ) Tj ET Q q 0 0 0 rg BT 480.58 134.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 528.08 134.45 Td (software ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 122.45 Td (in ) Tj ET Q q 0 0 0 rg BT 60.84 122.45 Td (an ) Tj ET Q q 0 0 0 rg BT 73.85 122.45 Td (on-demand) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.83 122.45 Td ( ) Tj ET Q q 0 0 0 rg BT 122.40 122.45 Td (Software-as-a-Service, ) Tj ET Q q 0 0 0 rg BT 217.30 122.45 Td (or ) Tj ET Q q 0 0 0 rg BT 229.20 122.45 Td (SaaS, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.26 122.45 Td (environment ) Tj ET Q q 0 0 0 rg BT 309.37 122.45 Td (provides ) Tj ET Q q 0 0 0 rg BT 347.37 122.45 Td (customers ) Tj ET Q q 0 0 0 rg BT 391.48 122.45 Td (with ) Tj ET Q q 0 0 0 rg BT 412.83 122.45 Td (the ) Tj ET Q q 0 0 0 rg BT 428.61 122.45 Td (added ) Tj ET Q q 0 0 0 rg BT 456.05 122.45 Td (benefits ) Tj ET Q q 0 0 0 rg BT 491.27 122.45 Td (of ) Tj ET Q q 0 0 0 rg BT 503.16 122.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 529.50 122.45 Td (up ) Tj ET Q q 0 0 0 rg BT 543.06 122.45 Td (front ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 110.45 Td (implementation ) Tj ET Q q 0 0 0 rg BT 114.86 110.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 137.46 110.45 Td (and ) Tj ET Q q 0 0 0 rg BT 154.50 110.45 Td (reduced ) Tj ET Q q 0 0 0 rg BT 188.75 110.45 Td (need ) Tj ET Q q 0 0 0 rg BT 210.23 110.45 Td (for ) Tj ET Q q 0 0 0 rg BT 224.49 110.45 Td (an ) Tj ET Q q 0 0 0 rg BT 236.52 110.45 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 292.99 110.45 Td (of ) Tj ET Q q 0 0 0 rg BT 303.92 110.45 Td (servers, ) Tj ET Q q 0 0 0 rg BT 337.34 110.45 Td (storage ) Tj ET Q q 0 0 0 rg BT 368.81 110.45 Td (and ) Tj ET Q q 0 0 0 rg BT 385.85 110.45 Td (network ) Tj ET Q q 0 0 0 rg BT 421.22 110.45 Td (devices ) Tj ET Q q 0 0 0 rg BT 453.81 110.45 Td (as ) Tj ET Q q 0 0 0 rg BT 464.74 110.45 Td (well ) Tj ET Q q 0 0 0 rg BT 484.55 110.45 Td (as ) Tj ET Q q 0 0 0 rg BT 495.48 110.45 Td (providing ) Tj ET Q q 0 0 0 rg BT 536.97 110.45 Td (access ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 98.45 Td (to ) Tj ET Q q 0 0 0 rg BT 60.22 98.45 Td (the ) Tj ET Q q 0 0 0 rg BT 75.39 98.45 Td (most ) Tj ET Q q 0 0 0 rg BT 97.78 98.45 Td (current ) Tj ET Q q 0 0 0 rg BT 129.04 98.45 Td (release ) Tj ET Q q 0 0 0 rg BT 159.74 98.45 Td (of ) Tj ET Q q 0 0 0 rg BT 171.02 98.45 Td (an ) Tj ET Q q 0 0 0 rg BT 183.40 98.45 Td (application, ) Tj ET Q q 0 0 0 rg BT 233.28 98.45 Td (periodic ) Tj ET Q q 0 0 0 rg BT 268.99 98.45 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 308.03 98.45 Td (and ) Tj ET Q q 0 0 0 rg BT 325.41 98.45 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 369.45 98.45 Td (updates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.50 98.45 Td ( ) Tj ET Q q 0 0 0 rg BT 405.23 98.45 Td (W) Tj ET Q q 0 0 0 rg BT 413.87 98.45 Td (e ) Tj ET Q q 0 0 0 rg BT 421.26 98.45 Td (also ) Tj ET Q q 0 0 0 rg BT 440.31 98.45 Td (host ) Tj ET Q q 0 0 0 rg BT 459.93 98.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.09 98.45 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 496.92 98.45 Td (Mae ) Tj ET Q q 0 0 0 rg BT 517.63 98.45 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.62 98.45 Td (, ) Tj ET Q q 0 0 0 rg BT 558.07 98.45 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 86.45 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 98.12 86.45 Td (electronic ) Tj ET Q q 0 0 0 rg BT 141.73 86.45 Td (platform ) Tj ET Q q 0 0 0 rg BT 180.35 86.45 Td (that ) Tj ET Q q 0 0 0 rg BT 199.54 86.45 Td (allows ) Tj ET Q q 0 0 0 rg BT 229.84 86.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 279.58 86.45 Td (users ) Tj ET Q q 0 0 0 rg BT 304.32 86.45 Td (to ) Tj ET Q q 0 0 0 rg BT 316.29 86.45 Td (conduct ) Tj ET Q q 0 0 0 rg BT 352.14 86.45 Td (electronic ) Tj ET Q q 0 0 0 rg BT 395.75 86.45 Td (business ) Tj ET Q q 0 0 0 rg BT 433.83 86.45 Td (transactions ) Tj ET Q q 0 0 0 rg BT 485.79 86.45 Td (with ) Tj ET Q q 0 0 0 rg BT 507.76 86.45 Td (investors ) Tj ET Q q 0 0 0 rg BT 548.06 86.45 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 74.45 Td (settlement ) Tj ET Q q 0 0 0 rg BT 92.89 74.45 Td (service ) Tj ET Q q 0 0 0 rg BT 123.50 74.45 Td (providers ) Tj ET Q q 0 0 0 rg BT 163.56 74.45 Td (they ) Tj ET Q q 0 0 0 rg BT 183.08 74.45 Td (work ) Tj ET Q q 0 0 0 rg BT 205.92 74.45 Td (with ) Tj ET Q q 0 0 0 rg BT 225.99 74.45 Td (in ) Tj ET Q q 0 0 0 rg BT 236.07 74.45 Td (order ) Tj ET Q q 0 0 0 rg BT 259.46 74.45 Td (to ) Tj ET Q q 0 0 0 rg BT 269.53 74.45 Td (process ) Tj ET Q q 0 0 0 rg BT 301.81 74.45 Td (and ) Tj ET Q q 0 0 0 rg BT 318.55 74.45 Td (fund ) Tj ET Q q 0 0 0 rg BT 339.17 74.45 Td (loans. ) Tj ET Q q 0 0 0 rg BT 364.57 74.45 Td (As ) Tj ET Q q 0 0 0 rg BT 377.97 74.45 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.60 74.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 446.98 74.45 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.98 74.45 Td (,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.48 74.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.77 74.45 Td (the) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 483.99 74.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.28 74.45 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 507.46 74.45 Td (Mae ) Tj ET Q q 0 0 0 rg BT 527.52 74.45 Td (Network ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 62.45 Td (electronically ) Tj ET Q q 0 0 0 rg BT 105.75 62.45 Td (connects ) Tj ET Q q 0 0 0 rg BT 142.58 62.45 Td (the ) Tj ET Q q 0 0 0 rg BT 156.64 62.45 Td (approximately) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.40 62.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.24 62.45 Td (92,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.74 62.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.58 62.45 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 285.18 62.45 Td (professionals ) Tj ET Q q 0 0 0 rg BT 339.79 62.45 Td (using ) Tj ET Q q 0 0 0 rg BT 363.30 62.45 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 410.69 62.45 Td (to ) Tj ET Q q 0 0 0 rg BT 420.31 62.45 Td (the ) Tj ET Q q 0 0 0 rg BT 434.37 62.45 Td (broad ) Tj ET Q q 0 0 0 rg BT 458.98 62.45 Td (array ) Tj ET Q q 0 0 0 rg BT 481.36 62.45 Td (of ) Tj ET Q q 0 0 0 rg BT 491.53 62.45 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 531.13 62.45 Td (lenders, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 50.45 Td (investors ) Tj ET Q q 0 0 0 rg BT 88.11 50.45 Td (and ) Tj ET Q q 0 0 0 rg BT 105.05 50.45 Td (third-party ) Tj ET Q q 0 0 0 rg BT 150.31 50.45 Td (service ) Tj ET Q q 0 0 0 rg BT 181.13 50.45 Td (providers ) Tj ET Q q 0 0 0 rg BT 221.39 50.45 Td (integral ) Tj ET Q q 0 0 0 rg BT 254.44 50.45 Td (to ) Tj ET Q q 0 0 0 rg BT 264.71 50.45 Td (the ) Tj ET Q q 0 0 0 rg BT 279.43 50.45 Td (origination ) Tj ET Q q 0 0 0 rg BT 325.81 50.45 Td (and ) Tj ET Q q 0 0 0 rg BT 342.75 50.45 Td (funding ) Tj ET Q q 0 0 0 rg BT 376.36 50.45 Td (of ) Tj ET Q q 0 0 0 rg BT 387.19 50.45 Td (residential ) Tj ET Q q 0 0 0 rg BT 431.34 50.45 Td (mortgages.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.50 50.45 Td ( ) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (For ) Tj ET Q q 0 0 0 rg BT 89.99 740.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 131.36 740.10 Td (originators, ) Tj ET Q q 0 0 0 rg BT 180.78 740.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 229.93 740.10 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.20 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 248.24 740.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 312.37 740.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 353.73 740.10 Td (system ) Tj ET Q q 0 0 0 rg BT 385.11 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 403.71 740.10 Td (handles ) Tj ET Q q 0 0 0 rg BT 437.85 740.10 Td (key ) Tj ET Q q 0 0 0 rg BT 455.89 740.10 Td (business ) Tj ET Q q 0 0 0 rg BT 493.38 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.42 740.10 Td (management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 90.08 728.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 128.45 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.59 728.10 Td (running ) Tj ET Q q 0 0 0 rg BT 174.07 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 181.88 728.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 223.01 728.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 270.26 728.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 310.02 728.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 352.26 728.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 398.96 728.10 Td (use ) Tj ET Q q 0 0 0 rg BT 415.66 728.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 464.57 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 476.27 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 484.08 728.10 Td (single ) Tj ET Q q 0 0 0 rg BT 511.33 728.10 Td (tool ) Tj ET Q q 0 0 0 rg BT 530.26 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 545.28 728.10 Td (loan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (processing, ) Tj ET Q q 0 0 0 rg BT 97.32 716.10 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 142.91 716.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 182.11 716.10 Td (communication ) Tj ET Q q 0 0 0 rg BT 246.86 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.85 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.18 716.10 Td (interact ) Tj ET Q q 0 0 0 rg BT 306.71 716.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 363.67 716.10 Td (with ) Tj ET Q q 0 0 0 rg BT 383.99 716.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 417.92 716.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 456.57 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.56 716.10 Td (service ) Tj ET Q q 0 0 0 rg BT 504.42 716.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 544.74 716.10 Td (over ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 704.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 86.60 704.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 107.37 704.10 Td (Network.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.86 704.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.65 704.10 Td (W) Tj ET Q q 0 0 0 rg BT 156.29 704.10 Td (e ) Tj ET Q q 0 0 0 rg BT 163.73 704.10 Td (also ) Tj ET Q q 0 0 0 rg BT 182.84 704.10 Td (of) Tj ET Q q 0 0 0 rg BT 190.99 704.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 205.09 704.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 253.64 704.10 Td (users ) Tj ET Q q 0 0 0 rg BT 277.19 704.10 Td (a ) Tj ET Q q 0 0 0 rg BT 284.63 704.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 315.40 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.73 704.10 Td (other ) Tj ET Q q 0 0 0 rg BT 350.28 704.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 398.26 704.10 Td (software ) Tj ET Q q 0 0 0 rg BT 435.69 704.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 473.40 704.10 Td (including) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.18 704.10 Td (: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.96 704.10 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (Docs ) Tj ET Q q 0 0 0 rg BT 73.28 692.10 Td (Solution) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.18 692.10 Td (, ) Tj ET Q q 0 0 0 rg BT 112.90 692.10 Td (which ) Tj ET Q q 0 0 0 rg BT 140.57 692.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 198.22 692.10 Td (prepares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.32 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.76 692.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 294.53 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.20 692.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 344.31 692.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 390.87 692.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 432.96 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.97 692.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 465.53 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.19 692.10 Td (mortgage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.96 692.10 Td (; 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rg BT 337.16 305.60 Td (a ) Tj ET Q q 0 0 0 rg BT 344.19 305.60 Td (part ) Tj ET Q q 0 0 0 rg BT 362.32 305.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 375.74 305.60 Td (this ) Tj ET Q q 0 0 0 rg BT 392.78 305.60 Td (report. ) Tj ET Q q 0 0 0 rg BT 421.36 305.60 Td (Y) Tj ET Q q 0 0 0 rg BT 427.58 305.60 Td (ou ) Tj ET Q q 0 0 0 rg BT 440.17 305.60 Td (can ) Tj ET Q q 0 0 0 rg BT 456.64 305.60 Td (also ) Tj ET Q q 0 0 0 rg BT 475.34 305.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 502.92 305.60 Td (copies ) Tj ET Q q 0 0 0 rg BT 531.06 305.60 Td (of ) Tj ET Q q 0 0 0 rg BT 541.98 305.60 Td (these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 293.60 Td (documents ) Tj ET Q q 0 0 0 rg BT 95.73 293.60 Td (free ) Tj ET Q q 0 0 0 rg BT 114.18 293.60 Td (of ) Tj ET Q q 0 0 0 rg BT 125.41 293.60 Td (char) Tj ET Q q 0 0 0 rg BT 142.44 293.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 154.78 293.60 Td (by ) Tj ET Q q 0 0 0 rg BT 167.69 293.60 Td (writing ) Tj ET Q q 0 0 0 rg BT 199.48 293.60 Td (to ) Tj ET Q q 0 0 0 rg BT 210.17 293.60 Td (us ) Tj ET Q q 0 0 0 rg BT 221.97 293.60 Td (at: ) Tj ET Q q 0 0 0 rg BT 234.87 293.60 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 277.76 293.60 Td (Secretary) Tj ET Q q 0 0 0 rg BT 314.87 293.60 Td (, ) Tj ET Q q 0 0 0 rg BT 320.27 293.60 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 342.06 293.60 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 365.24 293.60 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 385.91 293.60 Td (4155 ) Tj ET Q q 0 0 0 rg BT 408.82 293.60 Td (Hopyard ) Tj ET Q q 0 0 0 rg BT 446.72 293.60 Td (Road, ) Tj ET Q q 0 0 0 rg BT 473.23 293.60 Td (Suite200, ) Tj ET Q q 0 0 0 rg BT 516.69 293.60 Td (Pleasanton, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 281.60 Td (CA) Tj ET Q q 0 0 0 rg BT 62.84 281.60 Td ( ) Tj ET Q q 0 0 0 rg BT 65.34 281.60 Td (94588, ) Tj ET Q q 0 0 0 rg BT 95.34 281.60 Td (or ) Tj ET Q q 0 0 0 rg BT 106.17 281.60 Td (emailing ) Tj ET Q q 0 0 0 rg BT 143.66 281.60 Td (us ) Tj ET Q q 0 0 0 rg BT 155.05 281.60 Td (at: ) Tj ET Q q 0 0 0 rg BT 167.55 281.60 Td (ir@elliemae.com.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 255.30 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 93.65 255.30 Td (Industry ) Tj ET Q q 0 0 0 rg BT 133.38 255.30 Td (Overview) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 238.90 Td (Overview ) Tj ET Q q 0 0 0 rg BT 92.32 238.90 Td (of ) Tj ET Q q 0 0 0 rg BT 103.15 238.90 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 145.65 238.90 Td (Origination ) Tj ET Q q 0 0 0 rg BT 196.50 238.90 Td (Market) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 222.50 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 113.78 222.50 Td (originators ) Tj ET Q q 0 0 0 rg BT 159.51 222.50 Td (typically ) Tj ET Q q 0 0 0 rg BT 196.91 222.50 Td (advise ) Tj ET Q q 0 0 0 rg BT 224.86 222.50 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 270.31 222.50 Td (process ) Tj ET Q q 0 0 0 rg BT 302.71 222.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 322.33 222.50 Td (files, ) Tj ET Q q 0 0 0 rg BT 344.46 222.50 Td (collect ) Tj ET Q q 0 0 0 rg BT 373.51 222.50 Td (and ) Tj ET Q q 0 0 0 rg BT 390.36 222.50 Td (verify 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365.36 210.50 Td (the ) Tj ET Q q 0 0 0 rg BT 379.95 210.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 420.08 210.50 Td (loan. ) Tj ET Q q 0 0 0 rg BT 441.64 210.50 Td (According ) Tj ET Q q 0 0 0 rg BT 486.22 210.50 Td (to ) Tj ET Q q 0 0 0 rg BT 496.37 210.50 Td (NMLS, ) Tj ET Q q 0 0 0 rg BT 529.02 210.50 Td (which ) Tj ET Q q 0 0 0 rg BT 555.83 210.50 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 198.50 Td (the ) Tj ET Q q 0 0 0 rg BT 63.63 198.50 Td (sole ) Tj ET Q q 0 0 0 rg BT 81.64 198.50 Td (system ) Tj ET Q q 0 0 0 rg BT 111.33 198.50 Td (of ) Tj ET Q q 0 0 0 rg BT 121.57 198.50 Td (licensure ) Tj ET Q q 0 0 0 rg BT 159.57 198.50 Td (for ) Tj ET Q q 0 0 0 rg BT 173.14 198.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 212.81 198.50 Td (companies ) Tj ET Q q 0 0 0 rg BT 257.48 198.50 Td (for ) Tj ET Q q 0 0 0 rg BT 271.05 198.50 Td (54 ) Tj ET Q q 0 0 0 rg BT 282.96 198.50 Td (state ) Tj ET Q q 0 0 0 rg BT 303.19 198.50 Td (agencies ) Tj ET Q q 0 0 0 rg BT 339.52 198.50 Td (and ) Tj ET Q q 0 0 0 rg BT 355.87 198.50 Td (the ) Tj ET Q q 0 0 0 rg BT 369.99 198.50 Td (sole ) Tj ET Q q 0 0 0 rg BT 388.01 198.50 Td (system ) Tj ET Q q 0 0 0 rg BT 417.70 198.50 Td (of ) Tj ET Q q 0 0 0 rg BT 427.94 198.50 Td (licensure ) Tj ET Q q 0 0 0 rg BT 465.94 198.50 Td (for ) Tj ET Q q 0 0 0 rg BT 479.51 198.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 519.18 198.50 Td (originators ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 186.50 Td (for ) Tj ET Q q 0 0 0 rg BT 63.13 186.50 Td (58 ) Tj ET Q q 0 0 0 rg BT 75.10 186.50 Td (state ) Tj ET Q q 0 0 0 rg BT 95.39 186.50 Td (and ) Tj ET Q q 0 0 0 rg BT 111.80 186.50 Td (territorial ) Tj ET Q q 0 0 0 rg BT 151.53 186.50 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 190.42 186.50 Td (there ) Tj ET Q q 0 0 0 rg BT 212.38 186.50 Td (were ) Tj ET Q q 0 0 0 rg BT 233.77 186.50 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.50 186.50 Td (534,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.00 186.50 Td ( ) Tj ET Q q 0 0 0 rg BT 327.97 186.50 Td (state ) Tj ET Q q 0 0 0 rg BT 348.27 186.50 Td (licensed ) Tj ET Q q 0 0 0 rg BT 383.00 186.50 Td (or ) Tj ET Q q 0 0 0 rg BT 393.30 186.50 Td (federally ) Tj ET Q q 0 0 0 rg BT 430.80 186.50 Td (registered ) Tj ET Q q 0 0 0 rg BT 472.19 186.50 Td (individuals ) Tj ET Q q 0 0 0 rg BT 518.61 186.50 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.01 186.50 Td (27,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.51 186.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 174.50 Td (licensed ) Tj ET Q q 0 0 0 rg BT 84.73 174.50 Td (companies ) Tj ET Q q 0 0 0 rg BT 129.97 174.50 Td (or ) Tj ET Q q 0 0 0 rg BT 140.77 174.50 Td (federal ) Tj ET Q q 0 0 0 rg BT 170.99 174.50 Td (institutions ) Tj ET Q q 0 0 0 rg BT 217.91 174.50 Td (engaged ) Tj ET Q q 0 0 0 rg BT 253.70 174.50 Td (in ) Tj ET Q q 0 0 0 rg BT 263.95 174.50 Td (originating ) Tj ET Q q 0 0 0 rg BT 310.30 174.50 Td (residential ) Tj ET Q q 0 0 0 rg BT 354.42 174.50 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 398.54 174.50 Td (across ) Tj ET Q q 0 0 0 rg BT 426.00 174.50 Td (the ) Tj ET Q q 0 0 0 rg BT 440.69 174.50 Td (United ) Tj ET Q q 0 0 0 rg BT 470.38 174.50 Td (States ) Tj ET Q q 0 0 0 rg BT 496.73 174.50 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.42 174.50 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 162.50 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 162.50 Td (.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 72.00 167.03 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.25 162.50 Td ( ) Tj ET Q q 0 0 0 rg BT 79.17 162.50 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 121.96 162.50 Td (originators ) Tj ET Q q 0 0 0 rg BT 169.21 162.50 Td (typically ) Tj ET Q q 0 0 0 rg BT 208.11 162.50 Td (fall ) Tj ET Q q 0 0 0 rg BT 225.36 162.50 Td (into ) Tj ET Q q 0 0 0 rg BT 244.83 162.50 Td (one ) Tj ET Q q 0 0 0 rg BT 263.19 162.50 Td (of ) Tj ET Q q 0 0 0 rg BT 275.44 162.50 Td (three ) Tj ET Q q 0 0 0 rg BT 299.34 162.50 Td (categories: ) Tj ET Q q 0 0 0 rg BT 346.57 162.50 Td (mega ) Tj ET Q q 0 0 0 rg BT 372.14 162.50 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 407.44 162.50 Td (other ) Tj ET Q q 0 0 0 rg BT 431.90 162.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 473.58 162.50 Td (lenders ) Tj ET Q q 0 0 0 rg BT 506.38 162.50 Td (and ) Tj ET Q q 0 0 0 rg BT 524.73 162.50 Td (mortgage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 150.50 Td (brokerages.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 76.50 134.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 85.50 134.10 Td (Mega ) Tj ET Q q 0 0 0 rg BT 110.34 134.10 Td (Lenders. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.13 134.10 Td (Mega ) Tj ET Q q 0 0 0 rg BT 171.96 134.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 202.91 134.10 Td (are ) Tj ET Q q 0 0 0 rg BT 217.18 134.10 Td (lar) Tj ET Q q 0 0 0 rg BT 227.55 134.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 239.05 134.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 288.32 134.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 313.72 134.10 Td (that ) Tj ET Q q 0 0 0 rg BT 330.78 134.10 Td (have ) Tj ET Q q 0 0 0 rg BT 351.73 134.10 Td (both ) Tj ET Q q 0 0 0 rg BT 371.57 134.10 Td (a ) Tj ET Q q 0 0 0 rg BT 378.08 134.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 400.69 134.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 433.85 134.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.70 134.10 Td (which ) Tj ET Q q 0 0 0 rg BT 470.20 134.10 Td (they ) Tj ET Q q 0 0 0 rg BT 489.49 134.10 Td (work ) Tj ET Q q 0 0 0 rg BT 512.11 134.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 544.72 134.10 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 122.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 128.50 122.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.75 122.10 Td (originate ) Tj ET Q q 0 0 0 rg BT 176.75 122.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 200.32 122.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.22 122.10 Td (a ) Tj ET Q q 0 0 0 rg BT 224.12 122.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 266.57 122.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 300.13 122.10 Td (in ) Tj ET Q q 0 0 0 rg BT 310.37 122.10 Td (which ) Tj ET Q q 0 0 0 rg BT 337.27 122.10 Td (they ) Tj ET Q q 0 0 0 rg BT 356.95 122.10 Td (buy ) Tj ET Q q 0 0 0 rg BT 374.41 122.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 397.98 122.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 440.98 122.10 Td (by ) Tj ET Q q 0 0 0 rg BT 453.45 122.10 Td (other ) Tj ET Q q 0 0 0 rg BT 476.46 122.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 516.68 122.10 Td (originators, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 110.10 Td (such ) Tj ET Q q 0 0 0 rg BT 106.33 110.10 Td (as ) Tj ET Q q 0 0 0 rg BT 117.16 110.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 157.42 110.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 185.75 110.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 217.69 110.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 251.56 110.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 276.83 110.10 Td (unions ) Tj ET Q q 0 0 0 rg BT 306.00 110.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.94 110.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 363.20 110.10 Td (brokerages.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 96.10 Td (________________) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.15 76.17 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 76.17 Td (NMLS, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 100.82 76.17 Td (A) Tj ET Q q 0 0 0 rg BT 106.74 76.17 Td ( ) Tj ET Q q 0 0 0 rg BT 109.78 76.17 Td (Nationwide ) Tj ET Q q 0 0 0 rg BT 158.92 76.17 Td (V) Tj ET Q q 0 0 0 rg BT 164.29 76.17 Td (iew ) Tj ET Q q 0 0 0 rg BT 181.21 76.17 Td (of ) Tj ET Q q 0 0 0 rg BT 192.02 76.17 Td (State-Licensed ) Tj ET Q q 0 0 0 rg BT 253.92 76.17 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 296.39 76.17 Td (Entities ) Tj ET Q q 0 0 0 rg BT 329.98 76.17 Td (\(2013 ) Tj ET Q q 0 0 0 rg BT 356.34 76.17 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 391.59 76.17 Td (4\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.95 76.17 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 420.42 76.17 Td (NMLS ) Tj ET Q q 0 0 0 rg BT 449.02 76.17 Td (Federal ) Tj ET Q q 0 0 0 rg BT 483.71 76.17 Td (Registry ) Tj ET Q q 0 0 0 rg BT 520.06 76.17 Td (Quarterly ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 66.16 Td (Report ) Tj ET Q q 0 0 0 rg BT 97.22 66.16 Td (\(2013 ) Tj ET Q q 0 0 0 rg BT 123.05 66.16 Td (Quarter ) Tj ET Q q 0 0 0 rg BT 157.77 66.16 Td (4\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.10 66.16 Td (, ) Tj ET Q q 0 0 0 rg BT 171.10 66.16 Td (Released ) Tj ET Q q 0 0 0 rg BT 209.69 66.16 Td (March ) Tj ET Q q 0 0 0 rg BT 238.29 66.16 Td (4, ) Tj ET Q q 0 0 0 rg BT 248.29 66.16 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 740.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 85.50 740.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 130.51 740.10 Td (Lenders.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.73 740.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 212.18 740.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 246.63 740.10 Td (other ) Tj ET Q q 0 0 0 rg BT 272.75 740.10 Td (than ) Tj ET Q q 0 0 0 rg BT 295.53 740.10 Td (mega ) Tj ET Q q 0 0 0 rg BT 322.76 740.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 357.21 740.10 Td (include ) Tj ET Q q 0 0 0 rg BT 392.21 740.10 Td (non-depository ) Tj ET Q q 0 0 0 rg BT 458.33 740.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 501.67 740.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 533.07 740.10 Td (smaller ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 728.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 135.84 728.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 164.82 728.10 Td (thrifts ) Tj ET Q q 0 0 0 rg BT 191.85 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.44 728.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 235.35 728.10 Td (unions. ) Tj ET Q q 0 0 0 rg BT 267.43 728.10 Td (These ) Tj ET Q q 0 0 0 rg BT 294.46 728.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 340.37 728.10 Td (source ) Tj ET Q q 0 0 0 rg BT 369.61 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.20 728.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 408.67 728.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 432.93 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.51 728.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 490.86 728.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 507.89 728.10 Td (most ) Tj ET Q q 0 0 0 rg BT 530.49 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.96 728.10 Td (these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 716.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 115.77 716.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 139.38 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.66 716.10 Td (mega ) Tj ET Q q 0 0 0 rg BT 173.81 716.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 205.19 716.10 Td (or ) Tj ET Q q 0 0 0 rg BT 216.02 716.10 Td (other ) Tj ET Q q 0 0 0 rg BT 239.06 716.10 Td (investors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 699.70 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 85.50 699.70 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 127.14 699.70 Td (Br) Tj ET Q q 0 0 0 rg BT 136.77 699.70 Td (okerages) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.87 699.70 Td (.Mortgage ) Tj ET Q q 0 0 0 rg BT 218.95 699.70 Td (brokerages ) Tj ET Q q 0 0 0 rg BT 265.01 699.70 Td (are ) Tj ET Q q 0 0 0 rg BT 279.42 699.70 Td (independent ) Tj ET Q q 0 0 0 rg BT 330.50 699.70 Td (sales ) Tj ET Q q 0 0 0 rg BT 352.13 699.70 Td (companies ) Tj ET Q q 0 0 0 rg BT 397.10 699.70 Td (that ) Tj ET Q q 0 0 0 rg BT 414.30 699.70 Td (originate ) Tj ET Q q 0 0 0 rg BT 452.04 699.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 475.35 699.70 Td (for ) Tj ET Q q 0 0 0 rg BT 489.21 699.70 Td (multiple ) Tj ET Q q 0 0 0 rg BT 524.74 699.70 Td (mortgage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 687.70 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 119.20 687.70 Td (They ) Tj ET Q q 0 0 0 rg BT 142.24 687.70 Td (process ) Tj ET Q q 0 0 0 rg BT 174.73 687.70 Td (and ) Tj ET Q q 0 0 0 rg BT 191.67 687.70 Td (submit ) Tj ET Q q 0 0 0 rg BT 221.40 687.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 241.12 687.70 Td (files ) Tj ET Q q 0 0 0 rg BT 260.83 687.70 Td (to ) Tj ET Q q 0 0 0 rg BT 271.11 687.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 311.37 687.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 342.75 687.70 Td (or ) Tj ET Q q 0 0 0 rg BT 353.58 687.70 Td (mega ) Tj ET Q q 0 0 0 rg BT 377.74 687.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 409.11 687.70 Td (that, ) Tj ET Q q 0 0 0 rg BT 429.11 687.70 Td (in ) Tj ET Q q 0 0 0 rg BT 439.39 687.70 Td (turn, ) Tj ET Q q 0 0 0 rg BT 460.50 687.70 Td (fund ) Tj ET Q q 0 0 0 rg BT 481.33 687.70 Td (the ) Tj ET Q q 0 0 0 rg BT 496.04 687.70 Td (loans.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 671.30 Td (Based ) Tj ET Q q 0 0 0 rg BT 99.36 671.30 Td (on ) Tj ET Q q 0 0 0 rg BT 111.79 671.30 Td (estimates ) Tj ET Q q 0 0 0 rg BT 151.42 671.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 189.39 671.30 Td (by ) Tj ET Q q 0 0 0 rg BT 201.81 671.30 Td (the ) Tj ET Q q 0 0 0 rg BT 216.45 671.30 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 257.75 671.30 Td (Bankers ) Tj ET Q q 0 0 0 rg BT 292.41 671.30 Td (Association, ) Tj ET Q q 0 0 0 rg BT 344.55 671.30 Td (there ) Tj ET Q q 0 0 0 rg BT 366.96 671.30 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.81 671.30 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 408.74 671.30 Td (trillion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.96 671.30 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.88 671.30 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 460.80 671.30 Td (trillion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.03 671.30 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.95 671.30 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 512.87 671.30 Td (trillion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.09 671.30 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.02 671.30 Td ($1.7 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 659.30 Td (trillion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.72 659.30 Td ( ) Tj ET Q q 0 0 0 rg BT 78.86 659.30 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.43 659.30 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 115.07 659.30 Td (trillion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.29 659.30 Td ( ) Tj ET Q q 0 0 0 rg BT 144.43 659.30 Td (in ) Tj ET Q q 0 0 0 rg BT 154.34 659.30 Td (loans ) Tj ET Q q 0 0 0 rg BT 177.59 659.30 Td (originated ) Tj ET Q q 0 0 0 rg BT 220.26 659.30 Td (for ) Tj ET Q q 0 0 0 rg BT 234.06 659.30 Td (1- ) Tj ET Q q 0 0 0 rg BT 244.53 659.30 Td (to ) Tj ET Q q 0 0 0 rg BT 254.44 659.30 Td (4-family ) Tj ET Q q 0 0 0 rg BT 291.01 659.30 Td (homes ) Tj ET Q q 0 0 0 rg BT 319.26 659.30 Td (during ) Tj ET Q q 0 0 0 rg BT 347.50 659.30 Td (the ) Tj ET Q q 0 0 0 rg BT 361.85 659.30 Td (years ) Tj ET Q q 0 0 0 rg BT 385.09 659.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 411.10 659.30 Td (December ) Tj ET Q q 0 0 0 rg BT 454.32 659.30 Td (31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.96 659.30 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.96 659.30 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.59 659.30 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.59 659.30 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.23 659.30 Td (201) Tj ET Q q 0 0 0 rg BT 532.86 659.30 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.86 659.30 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.50 659.30 Td (2010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.50 659.30 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 647.30 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.44 647.30 Td (2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.44 647.30 Td (, ) Tj ET Q q 0 0 0 rg BT 91.44 647.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 139.10 647.30 Td (.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 141.60 651.83 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.85 647.30 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 630.90 Td (Based ) Tj ET Q q 0 0 0 rg BT 99.54 630.90 Td (on ) Tj ET Q q 0 0 0 rg BT 112.14 630.90 Td (information ) Tj ET Q q 0 0 0 rg BT 161.95 630.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 200.10 630.90 Td (by ) Tj ET Q q 0 0 0 rg BT 212.70 630.90 Td (Inside ) Tj ET Q q 0 0 0 rg BT 239.74 630.90 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 281.21 630.90 Td (Finance, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.97 630.90 Td (39.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.80 630.90 Td ( ) Tj ET Q q 0 0 0 rg BT 346.40 630.90 Td (of ) Tj ET Q q 0 0 0 rg BT 357.33 630.90 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 401.58 630.90 Td (originated ) Tj ET Q q 0 0 0 rg BT 444.73 630.90 Td (nationwide ) Tj ET Q q 0 0 0 rg BT 491.76 630.90 Td (during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.47 630.90 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.47 630.90 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.07 630.90 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 618.90 Td (funded ) Tj ET Q q 0 0 0 rg BT 78.80 618.90 Td (directly ) Tj ET Q q 0 0 0 rg BT 110.88 618.90 Td (through ) Tj ET Q q 0 0 0 rg BT 143.52 618.90 Td (the ) Tj ET Q q 0 0 0 rg BT 157.27 618.90 Td (retail ) Tj ET Q q 0 0 0 rg BT 179.35 618.90 Td (channels ) Tj ET Q q 0 0 0 rg BT 215.87 618.90 Td (of ) Tj ET Q q 0 0 0 rg BT 225.74 618.90 Td (mega ) Tj ET Q q 0 0 0 rg BT 248.93 618.90 Td (lenders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.80 618.90 Td ( ) Tj ET Q q 0 0 0 rg BT 279.34 618.90 Td (and ) Tj ET Q q 0 0 0 rg BT 295.31 618.90 Td (the ) Tj ET Q q 0 0 0 rg BT 309.06 618.90 Td (remaining ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.14 618.90 Td (61.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.97 618.90 Td ( ) Tj ET Q q 0 0 0 rg BT 378.50 618.90 Td (were ) Tj ET Q q 0 0 0 rg BT 399.47 618.90 Td (funded ) Tj ET Q q 0 0 0 rg BT 428.77 618.90 Td (through ) Tj ET Q q 0 0 0 rg BT 461.41 618.90 Td (other ) Tj ET Q q 0 0 0 rg BT 483.49 618.90 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 525.01 618.90 Td (channels, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 606.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.76 606.90 Td (lenders ) Tj ET Q q 0 0 0 rg BT 121.14 606.90 Td (and ) Tj ET Q q 0 0 0 rg BT 138.08 606.90 Td (brokerages) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 181.95 611.43 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.20 606.90 Td (. ) Tj ET Q q 0 0 0 rg BT 190.20 606.90 Td (For ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.59 606.90 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.59 606.90 Td ( ) Tj ET Q q 0 0 0 rg BT 229.09 606.90 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.03 606.90 Td (201) Tj ET Q q 0 0 0 rg BT 260.65 606.90 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.65 606.90 Td (, ) Tj ET Q q 0 0 0 rg BT 270.65 606.90 Td (this ) Tj ET Q q 0 0 0 rg BT 287.60 606.90 Td (split ) Tj ET Q q 0 0 0 rg BT 307.33 606.90 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.38 606.90 Td (43.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.21 606.90 Td (/) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.99 606.90 Td (56.5%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 384.82 611.43 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.07 606.90 Td ( ) Tj ET Q q 0 0 0 rg BT 390.57 606.90 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.51 606.90 Td (45.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.34 606.90 Td (/) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.12 606.90 Td (55.0%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 466.95 611.43 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.20 606.90 Td (, ) Tj ET Q q 0 0 0 rg BT 475.20 606.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 522.86 606.90 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 580.60 Td (The ) Tj ET Q q 0 0 0 rg BT 68.11 580.60 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 110.61 580.60 Td (Origination ) Tj ET Q q 0 0 0 rg BT 161.46 580.60 Td (Process) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 564.20 Td (Originating ) Tj ET Q q 0 0 0 rg BT 121.61 564.20 Td (a ) Tj ET Q q 0 0 0 rg BT 129.06 564.20 Td (residential ) Tj ET Q q 0 0 0 rg BT 173.72 564.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 214.50 564.20 Td (involves ) Tj ET Q q 0 0 0 rg BT 251.39 564.20 Td (multiple ) Tj ET Q q 0 0 0 rg BT 287.73 564.20 Td (parties ) Tj ET Q q 0 0 0 rg BT 317.40 564.20 Td (and ) Tj ET Q q 0 0 0 rg BT 334.85 564.20 Td (requires ) Tj ET Q q 0 0 0 rg BT 370.07 564.20 Td (a ) Tj ET Q q 0 0 0 rg BT 377.51 564.20 Td (complex ) Tj ET Q q 0 0 0 rg BT 414.96 564.20 Td (series ) Tj ET Q q 0 0 0 rg BT 440.74 564.20 Td (of ) Tj ET Q q 0 0 0 rg BT 452.08 564.20 Td (data-laden ) Tj ET Q q 0 0 0 rg BT 496.73 564.20 Td (transactions ) Tj ET Q q 0 0 0 rg BT 547.50 564.20 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 552.20 Td (must ) Tj ET Q q 0 0 0 rg BT 70.83 552.20 Td (be ) Tj ET Q q 0 0 0 rg BT 82.15 552.20 Td (handled ) Tj ET Q q 0 0 0 rg BT 115.69 552.20 Td (accurately ) Tj ET Q q 0 0 0 rg BT 158.65 552.20 Td (under ) Tj ET Q q 0 0 0 rg BT 183.30 552.20 Td (tight ) Tj ET Q q 0 0 0 rg BT 203.51 552.20 Td (time ) Tj ET Q q 0 0 0 rg BT 223.17 552.20 Td (constraints. ) Tj ET Q q 0 0 0 rg BT 270.87 552.20 Td (By ) Tj ET Q q 0 0 0 rg BT 284.43 552.20 Td (the ) Tj ET Q q 0 0 0 rg BT 298.52 552.20 Td (time ) Tj ET Q q 0 0 0 rg BT 318.18 552.20 Td (a ) Tj ET Q q 0 0 0 rg BT 324.50 552.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 364.14 552.20 Td (has ) Tj ET Q q 0 0 0 rg BT 379.35 552.20 Td (been ) Tj ET Q q 0 0 0 rg BT 400.11 552.20 Td (funded, ) Tj ET Q q 0 0 0 rg BT 432.26 552.20 Td (the ) Tj ET Q q 0 0 0 rg BT 446.36 552.20 Td (typical ) Tj ET Q q 0 0 0 rg BT 475.45 552.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 494.55 552.20 Td (package ) Tj ET Q q 0 0 0 rg BT 529.19 552.20 Td (contains ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 540.20 Td (over ) Tj ET Q q 0 0 0 rg BT 69.78 540.20 Td (one ) Tj ET Q q 0 0 0 rg BT 86.74 540.20 Td (thousand ) Tj ET Q q 0 0 0 rg BT 125.36 540.20 Td (pages ) Tj ET Q q 0 0 0 rg BT 150.65 540.20 Td (of ) Tj ET Q q 0 0 0 rg BT 161.49 540.20 Td (documents ) Tj ET Q q 0 0 0 rg BT 207.34 540.20 Td (that ) Tj ET Q q 0 0 0 rg BT 224.85 540.20 Td (come ) Tj ET Q q 0 0 0 rg BT 249.02 540.20 Td (from ) Tj ET Q q 0 0 0 rg BT 270.97 540.20 Td (over ) Tj ET Q q 0 0 0 rg BT 291.26 540.20 Td (a ) Tj ET Q q 0 0 0 rg BT 298.21 540.20 Td (dozen ) Tj ET Q q 0 0 0 rg BT 324.61 540.20 Td (dif) Tj ET Q q 0 0 0 rg BT 335.53 540.20 Td (ferent ) Tj ET Q q 0 0 0 rg BT 361.36 540.20 Td (entities, ) Tj ET Q q 0 0 0 rg BT 395.26 540.20 Td (usually ) Tj ET Q q 0 0 0 rg BT 426.67 540.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 466.95 540.20 Td (on ) Tj ET Q q 0 0 0 rg BT 479.46 540.20 Td (disparate ) Tj ET Q q 0 0 0 rg BT 518.07 540.20 Td (technology ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 528.20 Td (systems ) Tj ET Q q 0 0 0 rg BT 83.78 528.20 Td (and ) Tj ET Q q 0 0 0 rg BT 100.83 528.20 Td (databases. ) Tj ET Q q 0 0 0 rg BT 144.06 528.20 Td (T) Tj ET Q q 0 0 0 rg BT 149.82 528.20 Td (raditionally) Tj ET Q q 0 0 0 rg BT 195.27 528.20 Td (, ) Tj ET Q q 0 0 0 rg BT 200.38 528.20 Td (much ) Tj ET Q q 0 0 0 rg BT 225.20 528.20 Td (of ) Tj ET Q q 0 0 0 rg BT 236.14 528.20 Td (the ) Tj ET Q q 0 0 0 rg BT 250.97 528.20 Td (data ) Tj ET Q q 0 0 0 rg BT 270.23 528.20 Td (used ) Tj ET Q q 0 0 0 rg BT 291.17 528.20 Td (to ) Tj ET Q q 0 0 0 rg BT 301.56 528.20 Td (prepare ) Tj ET Q q 0 0 0 rg BT 334.14 528.20 Td (these ) Tj ET Q q 0 0 0 rg BT 357.30 528.20 Td (documents ) Tj ET Q q 0 0 0 rg BT 403.23 528.20 Td (has ) Tj ET Q q 0 0 0 rg BT 419.17 528.20 Td (been ) Tj ET Q q 0 0 0 rg BT 440.66 528.20 Td (gathered ) Tj ET Q q 0 0 0 rg BT 477.69 528.20 Td (manually) Tj ET Q q 0 0 0 rg BT 514.25 528.20 Td (, ) Tj ET Q q 0 0 0 rg BT 519.36 528.20 Td (rather ) Tj ET Q q 0 0 0 rg BT 545.28 528.20 Td (than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 516.20 Td (electronically) Tj ET Q q 0 0 0 rg BT 103.26 516.20 Td (, ) Tj ET Q q 0 0 0 rg BT 108.53 516.20 Td (with ) Tj ET Q q 0 0 0 rg BT 129.08 516.20 Td (documents ) Tj ET Q q 0 0 0 rg BT 175.17 516.20 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 220.70 516.20 Td (among ) Tj ET Q q 0 0 0 rg BT 250.68 516.20 Td (the ) Tj ET Q q 0 0 0 rg BT 265.67 516.20 Td (many ) Tj ET Q q 0 0 0 rg BT 290.65 516.20 Td (participants ) Tj ET Q q 0 0 0 rg BT 340.07 516.20 Td (by ) Tj ET Q q 0 0 0 rg BT 352.84 516.20 Td (facsimile, ) Tj ET Q q 0 0 0 rg BT 394.76 516.20 Td (courier ) Tj ET Q q 0 0 0 rg BT 425.84 516.20 Td (or ) Tj ET Q q 0 0 0 rg BT 436.94 516.20 Td (mail. ) Tj ET Q q 0 0 0 rg BT 459.78 516.20 Td (The ) Tj ET Q q 0 0 0 rg BT 478.10 516.20 Td (entire ) Tj ET Q q 0 0 0 rg BT 503.63 516.20 Td (process ) Tj ET Q q 0 0 0 rg BT 536.39 516.20 Td (results ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 504.20 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 504.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 104.49 504.20 Td (duplicative ) Tj ET Q q 0 0 0 rg BT 151.42 504.20 Td (ef) Tj ET Q q 0 0 0 rg BT 159.01 504.20 Td (forts, ) Tj ET Q q 0 0 0 rg BT 182.34 504.20 Td (time ) Tj ET Q q 0 0 0 rg BT 202.62 504.20 Td (delays, ) Tj ET Q q 0 0 0 rg BT 233.17 504.20 Td (errors, ) Tj ET Q q 0 0 0 rg BT 261.49 504.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 283.99 504.20 Td (and ) Tj ET Q q 0 0 0 rg BT 300.93 504.20 Td (redundant ) Tj ET Q q 0 0 0 rg BT 343.42 504.20 Td (paper ) Tj ET Q q 0 0 0 rg BT 368.12 504.20 Td (documentation, ) Tj ET Q q 0 0 0 rg BT 432.55 504.20 Td (and ) Tj ET Q q 0 0 0 rg BT 449.49 504.20 Td (often ) Tj ET Q q 0 0 0 rg BT 472.54 504.20 Td (exposes ) Tj ET Q q 0 0 0 rg BT 506.70 504.20 Td (borrower ) Tj ET Q q 0 0 0 rg BT 545.86 504.20 Td (data ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 492.20 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 492.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 97.27 492.20 Td (privacy ) Tj ET Q q 0 0 0 rg BT 129.75 492.20 Td (and ) Tj ET Q q 0 0 0 rg BT 146.69 492.20 Td (security ) Tj ET Q q 0 0 0 rg BT 180.85 492.20 Td (breaches.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 475.80 Td (The ) Tj ET Q q 0 0 0 rg BT 91.24 475.80 Td (following ) Tj ET Q q 0 0 0 rg BT 133.32 475.80 Td (diagram ) Tj ET Q q 0 0 0 rg BT 169.28 475.80 Td (of ) Tj ET Q q 0 0 0 rg BT 180.81 475.80 Td (the ) Tj ET Q q 0 0 0 rg BT 196.22 475.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 237.18 475.80 Td (origination ) Tj ET Q q 0 0 0 rg BT 284.25 475.80 Td (process ) Tj ET Q q 0 0 0 rg BT 317.44 475.80 Td (provides ) Tj ET Q q 0 0 0 rg BT 355.07 475.80 Td (a ) Tj ET Q q 0 0 0 rg BT 362.71 475.80 Td (framework ) Tj ET Q q 0 0 0 rg BT 409.77 475.80 Td (for ) Tj ET Q q 0 0 0 rg BT 424.62 475.80 Td (understanding ) Tj ET Q q 0 0 0 rg BT 484.47 475.80 Td (the ) Tj ET Q q 0 0 0 rg BT 499.88 475.80 Td (complexity ) Tj ET Q q 0 0 0 rg BT 548.07 475.80 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 463.80 Td (inef) Tj ET Q q 0 0 0 rg BT 64.87 463.80 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 99.57 463.80 Td (of ) Tj ET Q q 0 0 0 rg BT 110.40 463.80 Td (the ) Tj ET Q q 0 0 0 rg BT 125.12 463.80 Td (process ) Tj ET Q q 0 0 0 rg BT 157.61 463.80 Td (and ) Tj ET Q q 0 0 0 rg BT 174.54 463.80 Td (the ) Tj ET Q q 0 0 0 rg BT 189.26 463.80 Td (need ) Tj ET Q q 0 0 0 rg BT 210.64 463.80 Td (for ) Tj ET Q q 0 0 0 rg BT 224.80 463.80 Td (automated ) Tj ET Q q 0 0 0 rg BT 268.95 463.80 Td (solutions.) Tj ET Q /GS0 gs q 450.00 0 0 255.75 81.00 198.64 cm /I23 Do Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 118.95 Td (________________) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.15 99.02 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 99.02 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 108.88 99.02 Td (Bankers ) Tj ET Q q 0 0 0 rg BT 143.87 99.02 Td (Association, ) Tj ET Q q 0 0 0 rg BT 195.81 99.02 Td (MBA) Tj ET Q q 0 0 0 rg BT 218.32 99.02 Td ( ) Tj ET Q q 0 0 0 rg BT 220.54 99.02 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 261.36 99.02 Td (Origination ) Tj ET Q q 0 0 0 rg BT 309.96 99.02 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 351.34 99.02 Td (as ) Tj ET Q q 0 0 0 rg BT 362.17 99.02 Td (of ) Tj ET Q q 0 0 0 rg BT 373.00 99.02 Td (January ) Tj ET Q q 0 0 0 rg BT 406.60 99.02 Td (14, ) Tj ET Q q 0 0 0 rg BT 421.60 99.02 Td (2014. ) Tj ET Q q 0 0 0 rg BT 446.60 99.02 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 489.66 99.02 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.15 84.02 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 84.02 Td (Inside ) Tj ET Q q 0 0 0 rg BT 94.44 84.02 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 135.82 84.02 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 172.47 84.02 Td (February ) Tj ET Q q 0 0 0 rg BT 211.07 84.02 Td (28, ) Tj ET Q q 0 0 0 rg BT 226.07 84.02 Td (2014, ) Tj ET Q q 0 0 0 rg BT 251.07 84.02 Td (p. ) Tj ET Q q 0 0 0 rg BT 261.07 84.02 Td (5, ) Tj ET Q q 0 0 0 rg BT 270.98 84.02 Td (T) Tj ET Q q 0 0 0 rg BT 276.65 84.02 Td (op ) Tj ET Q q 0 0 0 rg BT 288.80 84.02 Td (Retail ) Tj ET Q q 0 0 0 rg BT 315.18 84.02 Td (Originators: ) Tj ET Q q 0 0 0 rg BT 366.01 84.02 Td (12M2013, ) Tj ET Q q 0 0 0 rg BT 409.90 84.02 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 452.95 84.02 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.15 69.02 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 69.02 Td (Inside ) Tj ET Q q 0 0 0 rg BT 94.44 69.02 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 135.82 69.02 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 172.47 69.02 Td (February ) Tj ET Q q 0 0 0 rg BT 211.07 69.02 Td (22, ) Tj ET Q q 0 0 0 rg BT 226.07 69.02 Td (2013, ) Tj ET Q q 0 0 0 rg BT 251.07 69.02 Td (p. ) Tj ET Q q 0 0 0 rg BT 261.07 69.02 Td (5, ) Tj ET Q q 0 0 0 rg BT 270.98 69.02 Td (T) Tj ET Q q 0 0 0 rg BT 276.65 69.02 Td (op ) Tj ET Q q 0 0 0 rg BT 288.71 69.02 Td (Wholesale/Correspondent ) Tj ET Q q 0 0 0 rg BT 394.98 69.02 Td (Channels: ) Tj ET Q q 0 0 0 rg BT 437.47 69.02 Td (12M2012, ) Tj ET Q q 0 0 0 rg BT 481.36 69.02 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 524.42 69.02 Td (2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.15 54.02 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 54.02 Td (Inside ) Tj ET Q q 0 0 0 rg BT 94.44 54.02 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 135.82 54.02 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 172.47 54.02 Td (February17, ) Tj ET Q q 0 0 0 rg BT 226.07 54.02 Td (2012, ) Tj ET Q q 0 0 0 rg BT 251.07 54.02 Td (p. ) Tj ET Q q 0 0 0 rg BT 261.07 54.02 Td (4, ) Tj ET Q q 0 0 0 rg BT 270.89 54.02 Td (T) Tj ET Q q 0 0 0 rg BT 276.30 54.02 Td (op ) Tj ET Q q 0 0 0 rg BT 288.80 54.02 Td (Retail ) Tj ET Q q 0 0 0 rg BT 315.18 54.02 Td (Producers ) Tj ET Q q 0 0 0 rg BT 357.67 54.02 Td (in ) Tj ET Q q 0 0 0 rg BT 367.95 54.02 Td (201) Tj ET Q q 0 0 0 rg BT 382.58 54.02 Td (1, ) Tj ET Q q 0 0 0 rg BT 392.58 54.02 Td (Copyright ) Tj ET Q q 0 0 0 rg BT 435.63 54.02 Td (2012.) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.87 740.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 117.69 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.51 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.77 740.10 Td (challenges ) Tj ET Q q 0 0 0 rg BT 186.02 740.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 223.06 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.88 740.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 277.69 740.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 303.34 740.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 343.15 740.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 388.52 740.10 Td (must ) Tj ET Q q 0 0 0 rg BT 410.01 740.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 438.16 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.64 740.10 Td (multitude ) Tj ET Q q 0 0 0 rg BT 485.02 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.39 740.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 527.69 740.10 Td (state ) Tj ET Q q 0 0 0 rg BT 548.06 740.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (local ) Tj ET Q q 0 0 0 rg BT 71.84 728.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 119.17 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.51 728.10 Td (address ) Tj ET Q q 0 0 0 rg BT 169.40 728.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 192.85 728.10 Td (business ) Tj ET Q q 0 0 0 rg BT 229.65 728.10 Td (needs, ) Tj ET Q q 0 0 0 rg BT 257.82 728.10 Td (including ) Tj ET Q q 0 0 0 rg BT 298.49 728.10 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 344.44 728.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 369.28 728.10 Td (product ) Tj ET Q q 0 0 0 rg BT 402.72 728.10 Td (fulfillment, ) Tj ET Q q 0 0 0 rg BT 450.89 728.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 490.45 728.10 Td (support, ) Tj ET Q q 0 0 0 rg BT 525.85 728.10 Td (reporting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.87 716.10 Td (general ) Tj ET Q q 0 0 0 rg BT 99.22 716.10 Td (management ) Tj ET Q q 0 0 0 rg BT 153.24 716.10 Td (functions. ) Tj ET Q q 0 0 0 rg BT 195.89 716.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 242.46 716.10 Td (, ) Tj ET Q q 0 0 0 rg BT 247.89 716.10 Td (most ) Tj ET Q q 0 0 0 rg BT 270.27 716.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 310.96 716.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 357.22 716.10 Td (have ) Tj ET Q q 0 0 0 rg BT 379.02 716.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 416.38 716.10 Td (their ) Tj ET Q q 0 0 0 rg BT 437.64 716.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 482.79 716.10 Td (using ) Tj ET Q q 0 0 0 rg BT 507.39 716.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 543.08 716.10 Td (task-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 82.48 704.10 Td (software ) Tj ET Q q 0 0 0 rg BT 118.80 704.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 169.02 704.10 Td (that ) Tj ET Q q 0 0 0 rg BT 185.90 704.10 Td (were ) Tj ET Q q 0 0 0 rg BT 207.22 704.10 Td (interconnected, ) Tj ET Q q 0 0 0 rg BT 270.47 704.10 Td (if ) Tj ET Q q 0 0 0 rg BT 278.47 704.10 Td (at ) Tj ET Q q 0 0 0 rg BT 287.58 704.10 Td (all, ) Tj ET Q q 0 0 0 rg BT 301.96 704.10 Td (through ) Tj ET Q q 0 0 0 rg BT 334.96 704.10 Td (customized ) Tj ET Q q 0 0 0 rg BT 382.40 704.10 Td (integrations. ) Tj ET Q q 0 0 0 rg BT 433.86 704.10 Td (This ) Tj ET Q q 0 0 0 rg BT 453.53 704.10 Td (often ) Tj ET Q q 0 0 0 rg BT 475.97 704.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 509.52 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.19 704.10 Td (constraints ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.13 692.10 Td (ef) Tj ET Q q 0 0 0 rg BT 69.71 692.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 99.54 692.10 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 154.93 692.10 Td (among ) Tj ET Q q 0 0 0 rg BT 184.77 692.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 225.16 692.10 Td (departments, ) Tj ET Q q 0 0 0 rg BT 279.16 692.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 310.11 692.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 338.29 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.70 692.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 382.99 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.83 692.10 Td (business ) Tj ET Q q 0 0 0 rg BT 434.35 692.10 Td (comprehensively) Tj ET Q q 0 0 0 rg BT 502.01 692.10 Td (, ) Tj ET Q q 0 0 0 rg BT 507.13 692.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 547.51 692.10 Td (risk ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.48 680.10 Td (error ) Tj ET Q q 0 0 0 rg BT 82.55 680.10 Td (due ) Tj ET Q q 0 0 0 rg BT 99.63 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.06 680.10 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 160.48 680.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 182.28 680.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 211.02 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.44 680.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 269.62 680.10 Td (current ) Tj ET Q q 0 0 0 rg BT 300.58 680.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 347.66 680.10 Td (into ) Tj ET Q q 0 0 0 rg BT 365.86 680.10 Td (work ) Tj ET Q q 0 0 0 rg BT 389.06 680.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 416.42 680.10 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 462.38 680.10 Td (security ) Tj ET Q q 0 0 0 rg BT 496.68 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.77 680.10 Td (control ) Tj ET Q q 0 0 0 rg BT 544.74 680.10 Td (over ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 668.10 Td (process ) Tj ET Q q 0 0 0 rg BT 96.71 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.65 668.10 Td (expensive ) Tj ET Q q 0 0 0 rg BT 156.13 668.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 194.72 668.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 240.54 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.48 668.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 310.51 668.10 Td (costs.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 641.80 Td (Recent ) Tj ET Q q 0 0 0 rg BT 82.33 641.80 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 124.83 641.80 Td (Industry ) Tj ET Q q 0 0 0 rg BT 162.34 641.80 Td (T) Tj ET Q q 0 0 0 rg BT 168.08 641.80 Td (rends ) Tj ET Q q 0 0 0 rg BT 193.36 641.80 Td (and ) Tj ET Q q 0 0 0 rg BT 211.42 641.80 Td (Developments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 625.40 Td (The ) Tj ET Q q 0 0 0 rg BT 90.98 625.40 Td (residential ) Tj ET Q q 0 0 0 rg BT 135.56 625.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 176.25 625.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 211.96 625.40 Td (continues ) Tj ET Q q 0 0 0 rg BT 253.22 625.40 Td (to ) Tj ET Q q 0 0 0 rg BT 263.93 625.40 Td (evolve ) Tj ET Q q 0 0 0 rg BT 293.52 625.40 Td (and ) Tj ET Q q 0 0 0 rg BT 310.89 625.40 Td (under) Tj ET Q q 0 0 0 rg BT 333.47 625.40 Td (go ) Tj ET Q q 0 0 0 rg BT 346.40 625.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 391.55 625.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 426.69 625.40 Td (since ) Tj ET Q q 0 0 0 rg BT 450.16 625.40 Td (2007, ) Tj ET Q q 0 0 0 rg BT 475.60 625.40 Td (lar) Tj ET Q q 0 0 0 rg BT 485.96 625.40 Td (gely ) Tj ET Q q 0 0 0 rg BT 506.11 625.40 Td (in ) Tj ET Q q 0 0 0 rg BT 516.82 625.40 Td (response ) Tj ET Q q 0 0 0 rg BT 554.74 625.40 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 613.40 Td (the ) Tj ET Q q 0 0 0 rg BT 64.04 613.40 Td (hundreds ) Tj ET Q q 0 0 0 rg BT 103.03 613.40 Td (of ) Tj ET Q q 0 0 0 rg BT 113.69 613.40 Td (billions ) Tj ET Q q 0 0 0 rg BT 146.02 613.40 Td (of ) Tj ET Q q 0 0 0 rg BT 156.68 613.40 Td (dollars ) Tj ET Q q 0 0 0 rg BT 186.22 613.40 Td (of ) Tj ET Q q 0 0 0 rg BT 196.88 613.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 216.42 613.40 Td (defaults ) Tj ET Q q 0 0 0 rg BT 250.40 613.40 Td (and ) Tj ET Q q 0 0 0 rg BT 267.17 613.40 Td (massive ) Tj ET Q q 0 0 0 rg BT 301.71 613.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 327.93 613.40 Td (suf) Tj ET Q q 0 0 0 rg BT 339.97 613.40 Td (fered ) Tj ET Q q 0 0 0 rg BT 362.83 613.40 Td (by ) Tj ET Q q 0 0 0 rg BT 375.16 613.40 Td (lenders ) Tj ET Q q 0 0 0 rg BT 406.36 613.40 Td (and ) Tj ET Q q 0 0 0 rg BT 423.13 613.40 Td (investors. ) Tj ET Q q 0 0 0 rg BT 463.90 613.40 Td (The ) Tj ET Q q 0 0 0 rg BT 481.77 613.40 Td (losses ) Tj ET Q q 0 0 0 rg BT 507.99 613.40 Td (incurred ) Tj ET Q q 0 0 0 rg BT 543.63 613.40 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 601.40 Td (led ) Tj ET Q q 0 0 0 rg BT 64.22 601.40 Td (to ) Tj ET Q q 0 0 0 rg BT 74.50 601.40 Td (three ) Tj ET Q q 0 0 0 rg BT 96.98 601.40 Td (major ) Tj ET Q q 0 0 0 rg BT 122.81 601.40 Td (trends ) Tj ET Q q 0 0 0 rg BT 149.74 601.40 Td (that ) Tj ET Q q 0 0 0 rg BT 167.24 601.40 Td (significantly ) Tj ET Q q 0 0 0 rg BT 219.73 601.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 249.44 601.40 Td (the ) Tj ET Q q 0 0 0 rg BT 264.16 601.40 Td (residential ) Tj ET Q q 0 0 0 rg BT 308.31 601.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 348.57 601.40 Td (industry) Tj ET Q q 0 0 0 rg BT 380.70 601.40 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 575.10 Td (Incr) Tj ET Q q 0 0 0 rg BT 67.79 575.10 Td (eased ) Tj ET Q q 0 0 0 rg BT 93.06 575.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 139.26 575.10 Td (Affecting ) Tj ET Q q 0 0 0 rg BT 177.86 575.10 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 212.58 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.08 575.10 Td (Investors) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 558.70 Td (Many ) Tj ET Q q 0 0 0 rg BT 99.53 558.70 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 144.31 558.70 Td (reforms ) Tj ET Q q 0 0 0 rg BT 179.11 558.70 Td (have ) Tj ET Q q 0 0 0 rg BT 201.68 558.70 Td (been ) Tj ET Q q 0 0 0 rg BT 224.25 558.70 Td (introduced ) Tj ET Q q 0 0 0 rg BT 270.71 558.70 Td (or ) Tj ET Q q 0 0 0 rg BT 282.74 558.70 Td (proposed ) Tj ET Q q 0 0 0 rg BT 323.09 558.70 Td (to ) Tj ET Q q 0 0 0 rg BT 334.57 558.70 Td (ensure ) Tj ET Q q 0 0 0 rg BT 364.36 558.70 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 413.60 558.70 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 461.73 558.70 Td (by ) Tj ET Q q 0 0 0 rg BT 475.43 558.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 508.00 558.70 Td (to ) Tj ET Q q 0 0 0 rg BT 519.47 558.70 Td (borrowers, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 546.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.12 546.70 Td (transparency ) Tj ET Q q 0 0 0 rg BT 142.06 546.70 Td (and ) Tj ET Q q 0 0 0 rg BT 158.36 546.70 Td (objectivity ) Tj ET Q q 0 0 0 rg BT 202.99 546.70 Td (of ) Tj ET Q q 0 0 0 rg BT 213.18 546.70 Td (settlement ) Tj ET Q q 0 0 0 rg BT 256.14 546.70 Td (services ) Tj ET Q q 0 0 0 rg BT 290.21 546.70 Td (and ) Tj ET Q q 0 0 0 rg BT 306.51 546.70 Td (greater ) Tj ET Q q 0 0 0 rg BT 336.13 546.70 Td (accountability ) Tj ET Q q 0 0 0 rg BT 394.64 546.70 Td (of ) Tj ET Q q 0 0 0 rg BT 404.83 546.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 435.57 546.70 Td (and ) Tj ET Q q 0 0 0 rg BT 451.87 546.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 491.49 546.70 Td (originators. ) Tj ET Q q 0 0 0 rg BT 539.18 546.70 Td (Many ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 534.70 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 534.70 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 534.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 119.76 534.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 154.47 534.70 Td (in ) Tj ET Q q 0 0 0 rg BT 164.74 534.70 Td (regulations ) Tj ET Q q 0 0 0 rg BT 211.68 534.70 Td (were ) Tj ET Q q 0 0 0 rg BT 233.61 534.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 261.11 534.70 Td (in ) Tj ET Q q 0 0 0 rg BT 271.38 534.70 Td (final ) Tj ET Q q 0 0 0 rg BT 292.21 534.70 Td (form ) Tj ET Q q 0 0 0 rg BT 314.15 534.70 Td (in ) Tj ET Q q 0 0 0 rg BT 324.43 534.70 Td (2013 ) Tj ET Q q 0 0 0 rg BT 346.93 534.70 Td (including ) Tj ET Q q 0 0 0 rg BT 387.20 534.70 Td (material ) Tj ET Q q 0 0 0 rg BT 422.46 534.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 457.17 534.70 Td (to:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 518.30 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 518.30 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 131.78 518.30 Td (Z ) Tj ET Q q 0 0 0 rg BT 140.29 518.30 Td (of ) Tj ET Q q 0 0 0 rg BT 151.02 518.30 Td (the ) Tj ET Q q 0 0 0 rg BT 165.46 518.30 Td (T) Tj ET Q q 0 0 0 rg BT 171.22 518.30 Td (ruth ) Tj ET Q q 0 0 0 rg BT 189.72 518.30 Td (in ) Tj ET Q q 0 0 0 rg BT 199.90 518.30 Td (Lending ) Tj ET Q q 0 0 0 rg BT 235.09 518.30 Td (Act ) Tj ET Q q 0 0 0 rg BT 251.93 518.30 Td (of ) Tj ET Q q 0 0 0 rg BT 262.66 518.30 Td (1968, ) Tj ET Q q 0 0 0 rg BT 287.56 518.30 Td (as ) Tj ET Q q 0 0 0 rg BT 298.29 518.30 Td (amended, ) Tj ET Q q 0 0 0 rg BT 339.28 518.30 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.84 518.30 Td (TILA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.61 518.30 Td (, ) Tj ET Q q 0 0 0 rg BT 377.50 518.30 Td (by ) Tj ET Q q 0 0 0 rg BT 389.90 518.30 Td (the ) Tj ET Q q 0 0 0 rg BT 404.52 518.30 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 448.03 518.30 Td (Financial ) Tj ET Q q 0 0 0 rg BT 487.64 518.30 Td (Protection ) Tj ET Q q 0 0 0 rg BT 531.14 518.30 Td (Bureau, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 506.30 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.86 506.30 Td (CFPB) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.32 506.30 Td (, ) Tj ET Q q 0 0 0 rg BT 126.85 506.30 Td (with ) Tj ET Q q 0 0 0 rg BT 147.66 506.30 Td (an ) Tj ET Q q 0 0 0 rg BT 160.13 506.30 Td (ef) Tj ET Q q 0 0 0 rg BT 167.72 506.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 197.95 506.30 Td (date ) Tj ET Q q 0 0 0 rg BT 217.63 506.30 Td (for ) Tj ET Q q 0 0 0 rg BT 232.32 506.30 Td (applications ) Tj ET Q q 0 0 0 rg BT 283.67 506.30 Td (taken ) Tj ET Q q 0 0 0 rg BT 308.36 506.30 Td (on ) Tj ET Q q 0 0 0 rg BT 321.39 506.30 Td (or ) Tj ET Q q 0 0 0 rg BT 332.75 506.30 Td (after ) Tj ET Q q 0 0 0 rg BT 354.09 506.30 Td (January ) Tj ET Q q 0 0 0 rg BT 388.22 506.30 Td (10, ) Tj ET Q q 0 0 0 rg BT 403.75 506.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 429.28 506.30 Td (in ) Tj ET Q q 0 0 0 rg BT 440.09 506.30 Td (which ) Tj ET Q q 0 0 0 rg BT 467.56 506.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.80 506.30 Td (CFPB) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.27 506.30 Td ( ) Tj ET Q q 0 0 0 rg BT 510.30 506.30 Td (implemented ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 494.30 Td (amendments ) Tj ET Q q 0 0 0 rg BT 138.86 494.30 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.26 494.30 Td (TILA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.47 494.30 Td ( ) Tj ET Q q 0 0 0 rg BT 174.29 494.30 Td (made ) Tj ET Q q 0 0 0 rg BT 198.77 494.30 Td (by ) Tj ET Q q 0 0 0 rg BT 211.59 494.30 Td (the ) Tj ET Q q 0 0 0 rg BT 226.62 494.30 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 278.12 494.30 Td (W) Tj ET Q q 0 0 0 rg BT 286.76 494.30 Td (all ) Tj ET Q q 0 0 0 rg BT 299.58 494.30 Td (Street ) Tj ET Q q 0 0 0 rg BT 325.72 494.30 Td (Reform ) Tj ET Q q 0 0 0 rg BT 359.09 494.30 Td (and ) Tj ET Q q 0 0 0 rg BT 376.35 494.30 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 420.27 494.30 Td (Protection ) Tj ET Q q 0 0 0 rg BT 463.57 494.30 Td (Act, ) Tj ET Q q 0 0 0 rg BT 483.33 494.30 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.48 494.30 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 545.56 494.30 Td (Act) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.00 494.30 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 482.30 Td (to ) Tj ET Q q 0 0 0 rg BT 96.02 482.30 Td (require ) Tj ET Q q 0 0 0 rg BT 127.07 482.30 Td (that ) Tj ET Q q 0 0 0 rg BT 144.80 482.30 Td (creditors ) Tj ET Q q 0 0 0 rg BT 182.53 482.30 Td (determine ) Tj ET Q q 0 0 0 rg BT 225.25 482.30 Td (a ) Tj ET Q q 0 0 0 rg BT 232.42 482.30 Td (consumer's ) Tj ET Q q 0 0 0 rg BT 279.73 482.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 308.02 482.30 Td (to ) Tj ET Q q 0 0 0 rg BT 318.54 482.30 Td (repay ) Tj ET Q q 0 0 0 rg BT 343.48 482.30 Td (a ) Tj ET Q q 0 0 0 rg BT 350.66 482.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 391.16 482.30 Td (before ) Tj ET Q q 0 0 0 rg BT 419.44 482.30 Td (making ) Tj ET Q q 0 0 0 rg BT 452.17 482.30 Td (a ) Tj ET Q q 0 0 0 rg BT 459.35 482.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 479.30 482.30 Td (and ) Tj ET Q q 0 0 0 rg BT 496.48 482.30 Td (to ) Tj ET Q q 0 0 0 rg BT 507.00 482.30 Td (establish ) Tj ET Q q 0 0 0 rg BT 544.73 482.30 Td (both ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 470.30 Td (minimum ) Tj ET Q q 0 0 0 rg BT 126.20 470.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 165.77 470.30 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 219.23 470.30 Td (standards ) Tj ET Q q 0 0 0 rg BT 258.81 470.30 Td (and ) Tj ET Q q 0 0 0 rg BT 275.06 470.30 Td (standards ) Tj ET Q q 0 0 0 rg BT 314.63 470.30 Td (for ) Tj ET Q q 0 0 0 rg BT 328.10 470.30 Td (complying ) Tj ET Q q 0 0 0 rg BT 372.68 470.30 Td (with ) Tj ET Q q 0 0 0 rg BT 392.27 470.30 Td (the ) Tj ET Q q 0 0 0 rg BT 406.30 470.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 433.66 470.30 Td (to ) Tj ET Q q 0 0 0 rg BT 443.24 470.30 Td (repay ) Tj ET Q q 0 0 0 rg BT 467.26 470.30 Td (requirement ) Tj ET Q q 0 0 0 rg BT 517.38 470.30 Td (by ) Tj ET Q q 0 0 0 rg BT 529.18 470.30 Td (defining ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 458.30 Td (a ) Tj ET Q q 0 0 0 rg BT 92.44 458.30 Td (qualified ) Tj ET Q q 0 0 0 rg BT 134.92 458.30 Td (mortgage, ) Tj ET Q q 0 0 0 rg BT 182.12 458.30 Td (or ) Tj ET Q q 0 0 0 rg BT 192.95 458.30 Td (QM.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 441.90 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 441.90 Td (both ) Tj ET Q q 0 0 0 rg BT 106.16 441.90 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 152.92 441.90 Td (X ) Tj ET Q q 0 0 0 rg BT 163.03 441.90 Td (of ) Tj ET Q q 0 0 0 rg BT 174.24 441.90 Td (the ) Tj ET Q q 0 0 0 rg BT 189.34 441.90 Td (Real ) Tj ET Q q 0 0 0 rg BT 210.55 441.90 Td (Estate ) Tj ET Q q 0 0 0 rg BT 237.86 441.90 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 283.51 441.90 Td (Procedures ) Tj ET Q q 0 0 0 rg BT 330.19 441.90 Td (Act ) Tj ET Q q 0 0 0 rg BT 347.51 441.90 Td (of ) Tj ET Q q 0 0 0 rg BT 358.72 441.90 Td (1974 ) Tj ET Q q 0 0 0 rg BT 381.60 441.90 Td (as ) Tj ET Q q 0 0 0 rg BT 392.82 441.90 Td (amended, ) Tj ET Q q 0 0 0 rg BT 434.29 441.90 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.51 441.90 Td (RESP) Tj ET Q q 0 0 0 rg BT 468.49 441.90 Td (A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.71 441.90 Td (, ) Tj ET Q q 0 0 0 rg BT 481.09 441.90 Td (and ) Tj ET Q q 0 0 0 rg BT 498.41 441.90 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 545.18 441.90 Td (Z ) Tj ET Q q 0 0 0 rg BT 554.17 441.90 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 429.90 Td (TILA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.27 429.90 Td (, ) Tj ET Q q 0 0 0 rg BT 114.52 429.90 Td (with ) Tj ET Q q 0 0 0 rg BT 136.06 429.90 Td (an ) Tj ET Q q 0 0 0 rg BT 149.25 429.90 Td (ef) Tj ET Q q 0 0 0 rg BT 156.84 429.90 Td (fective ) Tj ET Q q 0 0 0 rg BT 187.79 429.90 Td (date ) Tj ET Q q 0 0 0 rg BT 208.21 429.90 Td (for ) Tj ET Q q 0 0 0 rg BT 223.62 429.90 Td (applications ) Tj ET Q q 0 0 0 rg BT 275.70 429.90 Td (taken ) Tj ET Q q 0 0 0 rg BT 301.11 429.90 Td (on ) Tj ET Q q 0 0 0 rg BT 314.86 429.90 Td (or ) Tj ET Q q 0 0 0 rg BT 326.95 429.90 Td (after ) Tj ET Q q 0 0 0 rg BT 349.02 429.90 Td (January ) Tj ET Q q 0 0 0 rg BT 383.87 429.90 Td (10, ) Tj ET Q q 0 0 0 rg BT 400.12 429.90 Td (2014, ) Tj ET Q q 0 0 0 rg BT 426.38 429.90 Td (in ) Tj ET Q q 0 0 0 rg BT 437.91 429.90 Td (which ) Tj ET Q q 0 0 0 rg BT 466.11 429.90 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.08 429.90 Td (CFPB) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.54 429.90 Td ( ) Tj ET Q q 0 0 0 rg BT 510.29 429.90 Td (implemented ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 417.90 Td (amendments ) Tj ET Q q 0 0 0 rg BT 138.31 417.90 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.36 417.90 Td (RESP) Tj ET Q q 0 0 0 rg BT 171.34 417.90 Td (A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.01 417.90 Td ( ) Tj ET Q q 0 0 0 rg BT 180.28 417.90 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.82 417.90 Td (TILA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.04 417.90 Td ( ) Tj ET Q q 0 0 0 rg BT 221.31 417.90 Td (made ) Tj ET Q q 0 0 0 rg BT 245.23 417.90 Td (by ) Tj ET Q q 0 0 0 rg BT 257.50 417.90 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.98 417.90 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 322.63 417.90 Td (Act) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.07 417.90 Td ( ) Tj ET Q q 0 0 0 rg BT 339.34 417.90 Td (to ) Tj ET Q q 0 0 0 rg BT 349.38 417.90 Td (expand ) Tj ET Q q 0 0 0 rg BT 380.53 417.90 Td (the ) Tj ET Q q 0 0 0 rg BT 395.01 417.90 Td (types ) Tj ET Q q 0 0 0 rg BT 418.39 417.90 Td (of ) Tj ET Q q 0 0 0 rg BT 428.99 417.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 469.02 417.90 Td (loans ) Tj ET Q q 0 0 0 rg BT 492.40 417.90 Td (that ) Tj ET Q q 0 0 0 rg BT 509.66 417.90 Td (are ) Tj ET Q q 0 0 0 rg BT 524.13 417.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.73 417.90 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 405.90 Td (the ) Tj ET Q q 0 0 0 rg BT 100.54 405.90 Td (protections ) Tj ET Q q 0 0 0 rg BT 147.80 405.90 Td (of ) Tj ET Q q 0 0 0 rg BT 158.96 405.90 Td (the ) Tj ET Q q 0 0 0 rg BT 174.00 405.90 Td (Home ) Tj ET Q q 0 0 0 rg BT 201.27 405.90 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 247.97 405.90 Td (and ) Tj ET Q q 0 0 0 rg BT 265.24 405.90 Td (Equity ) Tj ET Q q 0 0 0 rg BT 294.73 405.90 Td (Protection ) Tj ET Q q 0 0 0 rg BT 338.04 405.90 Td (Act ) Tj ET Q q 0 0 0 rg BT 355.30 405.90 Td (of ) Tj ET Q q 0 0 0 rg BT 366.46 405.90 Td (1994, ) Tj ET Q q 0 0 0 rg BT 391.78 405.90 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.94 405.90 Td (HOEP) Tj ET Q q 0 0 0 rg BT 428.13 405.90 Td (A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.36 405.90 Td (, ) Tj ET Q q 0 0 0 rg BT 440.68 405.90 Td (by ) Tj ET Q q 0 0 0 rg BT 453.51 405.90 Td (revising ) Tj ET Q q 0 0 0 rg BT 488.55 405.90 Td (and ) Tj ET Q q 0 0 0 rg BT 505.82 405.90 Td (expanding ) Tj ET Q q 0 0 0 rg BT 550.30 405.90 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 393.90 Td (triggers ) Tj ET Q q 0 0 0 rg BT 118.79 393.90 Td (for ) Tj ET Q q 0 0 0 rg BT 133.20 393.90 Td (coverage ) Tj ET Q q 0 0 0 rg BT 172.03 393.90 Td (under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.55 393.90 Td (HOEP) Tj ET Q q 0 0 0 rg BT 222.74 393.90 Td (A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.96 393.90 Td (, ) Tj ET Q q 0 0 0 rg BT 235.21 393.90 Td (and ) Tj ET Q q 0 0 0 rg BT 252.39 393.90 Td (to ) Tj ET Q q 0 0 0 rg BT 262.92 393.90 Td (impose ) Tj ET Q q 0 0 0 rg BT 294.55 393.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 337.29 393.90 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 384.47 393.90 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.22 393.90 Td (HOEP) Tj ET Q q 0 0 0 rg BT 422.41 393.90 Td (A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.08 393.90 Td ( ) Tj ET Q q 0 0 0 rg BT 431.83 393.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 472.34 393.90 Td (loans, ) Tj ET Q q 0 0 0 rg BT 498.69 393.90 Td (including ) Tj ET Q q 0 0 0 rg BT 539.21 393.90 Td (a ) Tj ET Q q 0 0 0 rg BT 546.40 393.90 Td (pre-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 381.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 105.22 381.90 Td (counseling ) Tj ET Q q 0 0 0 rg BT 151.04 381.90 Td (requirement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 365.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 365.50 Td (both ) Tj ET Q q 0 0 0 rg BT 106.10 365.50 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 152.81 365.50 Td (X ) Tj ET Q q 0 0 0 rg BT 162.86 365.50 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.01 365.50 Td (RESP) Tj ET Q q 0 0 0 rg BT 196.99 365.50 Td (A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.66 365.50 Td ( ) Tj ET Q q 0 0 0 rg BT 206.49 365.50 Td (and ) Tj ET Q q 0 0 0 rg BT 223.75 365.50 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 270.46 365.50 Td (Z ) Tj ET Q q 0 0 0 rg BT 279.39 365.50 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.34 365.50 Td (TILA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.11 365.50 Td (, ) Tj ET Q q 0 0 0 rg BT 318.44 365.50 Td (with ) Tj ET Q q 0 0 0 rg BT 339.04 365.50 Td (a ) Tj ET Q q 0 0 0 rg BT 346.30 365.50 Td (future ) Tj ET Q q 0 0 0 rg BT 373.00 365.50 Td (ef) Tj ET Q q 0 0 0 rg BT 380.59 365.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 410.62 365.50 Td (date ) Tj ET Q q 0 0 0 rg BT 430.10 365.50 Td (for ) Tj ET Q q 0 0 0 rg BT 444.58 365.50 Td (applications ) Tj ET Q q 0 0 0 rg BT 495.73 365.50 Td (taken ) Tj ET Q q 0 0 0 rg BT 520.21 365.50 Td (on ) Tj ET Q q 0 0 0 rg BT 533.03 365.50 Td (or ) Tj ET Q q 0 0 0 rg BT 544.19 365.50 Td (after ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 353.50 Td (August ) Tj ET Q q 0 0 0 rg BT 116.99 353.50 Td (1, ) Tj ET Q q 0 0 0 rg BT 127.08 353.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 152.18 353.50 Td (in ) Tj ET Q q 0 0 0 rg BT 162.56 353.50 Td (which ) Tj ET Q q 0 0 0 rg BT 189.59 353.50 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.41 353.50 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 255.31 353.50 Td (Act) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.75 353.50 Td ( ) Tj ET Q q 0 0 0 rg BT 272.35 353.50 Td (directs ) Tj ET Q q 0 0 0 rg BT 301.60 353.50 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.41 353.50 Td (CFPB) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.87 353.50 Td ( ) Tj ET Q q 0 0 0 rg BT 343.47 353.50 Td (to ) Tj ET Q q 0 0 0 rg BT 353.85 353.50 Td (issue ) Tj ET Q q 0 0 0 rg BT 376.44 353.50 Td (proposed ) Tj ET Q q 0 0 0 rg BT 415.70 353.50 Td (rules ) Tj ET Q q 0 0 0 rg BT 437.73 353.50 Td (and ) Tj ET Q q 0 0 0 rg BT 454.77 353.50 Td (forms ) Tj ET Q q 0 0 0 rg BT 480.70 353.50 Td (that ) Tj ET Q q 0 0 0 rg BT 498.29 353.50 Td (combine ) Tj ET Q q 0 0 0 rg BT 535.32 353.50 Td (certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 341.50 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 131.21 341.50 Td (that ) Tj ET Q q 0 0 0 rg BT 147.49 341.50 Td (consumers ) Tj ET Q q 0 0 0 rg BT 191.53 341.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 221.67 341.50 Td (in ) Tj ET Q q 0 0 0 rg BT 230.72 341.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 275.87 341.50 Td (with ) Tj ET Q q 0 0 0 rg BT 294.92 341.50 Td (applying ) Tj ET Q q 0 0 0 rg BT 331.20 341.50 Td (for ) Tj ET Q q 0 0 0 rg BT 344.13 341.50 Td (and ) Tj ET Q q 0 0 0 rg BT 359.85 341.50 Td (closing ) Tj ET Q q 0 0 0 rg BT 390.01 341.50 Td (on ) Tj ET Q q 0 0 0 rg BT 401.28 341.50 Td (a ) Tj ET Q q 0 0 0 rg BT 407.00 341.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 446.04 341.50 Td (loan. ) Tj ET Q q 0 0 0 rg BT 467.03 341.50 Td (In ) Tj ET Q q 0 0 0 rg BT 476.64 341.50 Td (addition ) Tj ET Q q 0 0 0 rg BT 510.69 341.50 Td (to ) Tj ET Q q 0 0 0 rg BT 519.74 341.50 Td (combining ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 329.50 Td (the ) Tj ET Q q 0 0 0 rg BT 100.10 329.50 Td (existing ) Tj ET Q q 0 0 0 rg BT 134.14 329.50 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 177.07 329.50 Td (requirements ) Tj ET Q q 0 0 0 rg BT 231.65 329.50 Td (and ) Tj ET Q q 0 0 0 rg BT 248.47 329.50 Td (implementing ) Tj ET Q q 0 0 0 rg BT 306.40 329.50 Td (new ) Tj ET Q q 0 0 0 rg BT 325.44 329.50 Td (requirements ) Tj ET Q q 0 0 0 rg BT 380.02 329.50 Td (in ) Tj ET Q q 0 0 0 rg BT 390.18 329.50 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.78 329.50 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 455.51 329.50 Td (Act) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.95 329.50 Td (, ) Tj ET Q q 0 0 0 rg BT 474.83 329.50 Td (the ) Tj ET Q q 0 0 0 rg BT 489.43 329.50 Td (final ) Tj ET Q q 0 0 0 rg BT 510.14 329.50 Td (rule ) Tj ET Q q 0 0 0 rg BT 528.06 329.50 Td (provides ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 317.50 Td (extensive ) Tj ET Q q 0 0 0 rg BT 125.76 317.50 Td (guidance ) Tj ET Q q 0 0 0 rg BT 164.36 317.50 Td (regarding ) Tj ET Q q 0 0 0 rg BT 205.17 317.50 Td (compliance ) Tj ET Q q 0 0 0 rg BT 253.76 317.50 Td (with ) Tj ET Q q 0 0 0 rg BT 274.04 317.50 Td (those ) Tj ET Q q 0 0 0 rg BT 297.65 317.50 Td (requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 301.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.63 301.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 119.21 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.79 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.81 301.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 188.71 301.10 Td (reforms ) Tj ET Q q 0 0 0 rg BT 222.61 301.10 Td (that ) Tj ET Q q 0 0 0 rg BT 240.41 301.10 Td (have ) Tj ET Q q 0 0 0 rg BT 262.08 301.10 Td (been ) Tj ET Q q 0 0 0 rg BT 283.76 301.10 Td (introduced ) Tj ET Q q 0 0 0 rg BT 329.33 301.10 Td (or ) Tj ET Q q 0 0 0 rg BT 340.46 301.10 Td (proposed, ) Tj ET Q q 0 0 0 rg BT 382.43 301.10 Td (other ) Tj ET Q q 0 0 0 rg BT 405.78 301.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 450.79 301.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 485.80 301.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.38 301.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 543.62 301.10 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 289.10 Td (been ) Tj ET Q q 0 0 0 rg BT 70.88 289.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 125.58 289.10 Td (since ) Tj ET Q q 0 0 0 rg BT 148.63 289.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 171.13 289.10 Td (that ) Tj ET Q q 0 0 0 rg BT 188.63 289.10 Td (are ) Tj ET Q q 0 0 0 rg BT 203.33 289.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 234.16 289.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.44 289.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 288.03 289.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 340.50 289.10 Td (including: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 272.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 272.70 Td (implementation ) Tj ET Q q 0 0 0 rg BT 150.13 272.70 Td (of ) Tj ET Q q 0 0 0 rg BT 160.32 272.70 Td (the ) Tj ET Q q 0 0 0 rg BT 174.41 272.70 Td (Secure ) Tj ET Q q 0 0 0 rg BT 203.48 272.70 Td (and ) Tj ET Q q 0 0 0 rg BT 219.78 272.70 Td (Fair ) Tj ET Q q 0 0 0 rg BT 237.76 272.70 Td (Enforcement ) Tj ET Q q 0 0 0 rg BT 291.26 272.70 Td (for ) Tj ET Q q 0 0 0 rg BT 304.79 272.70 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 345.53 272.70 Td (Licensing ) Tj ET Q q 0 0 0 rg BT 386.42 272.70 Td (Act ) Tj ET Q q 0 0 0 rg BT 402.72 272.70 Td (of ) Tj ET Q q 0 0 0 rg BT 412.92 272.70 Td (2008, ) Tj ET Q q 0 0 0 rg BT 437.28 272.70 Td (as ) Tj ET Q q 0 0 0 rg BT 447.48 272.70 Td (amended, ) Tj ET Q q 0 0 0 rg BT 487.94 272.70 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.13 272.70 Td (SAFE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.58 272.70 Td (, ) Tj ET Q q 0 0 0 rg BT 526.95 272.70 Td (designed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 260.70 Td (to ) Tj ET Q q 0 0 0 rg BT 95.78 260.70 Td (require ) Tj ET Q q 0 0 0 rg BT 126.59 260.70 Td (licensing ) Tj ET Q q 0 0 0 rg BT 165.20 260.70 Td (and ) Tj ET Q q 0 0 0 rg BT 182.14 260.70 Td (tracking ) Tj ET Q q 0 0 0 rg BT 217.40 260.70 Td (of ) Tj ET Q q 0 0 0 rg BT 228.23 260.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 268.49 260.70 Td (originators; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 244.30 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 244.30 Td (material ) Tj ET Q q 0 0 0 rg BT 121.11 244.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 156.16 244.30 Td (to ) Tj ET Q q 0 0 0 rg BT 166.78 244.30 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 213.51 244.30 Td (Z ) Tj ET Q q 0 0 0 rg BT 222.47 244.30 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.44 244.30 Td (TILA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.66 244.30 Td ( ) Tj ET Q q 0 0 0 rg BT 258.50 244.30 Td (by ) Tj ET Q q 0 0 0 rg BT 271.35 244.30 Td (the ) Tj ET Q q 0 0 0 rg BT 286.41 244.30 Td (Federal ) Tj ET Q q 0 0 0 rg BT 319.24 244.30 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 354.30 244.30 Td (Board ) Tj ET Q q 0 0 0 rg BT 381.58 244.30 Td (to ) Tj ET Q q 0 0 0 rg BT 392.21 244.30 Td (protect ) Tj ET Q q 0 0 0 rg BT 422.82 244.30 Td (consumers ) Tj ET Q q 0 0 0 rg BT 468.43 244.30 Td (in ) Tj ET Q q 0 0 0 rg BT 479.06 244.30 Td (the ) Tj ET Q q 0 0 0 rg BT 494.12 244.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 534.73 244.30 Td (market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 232.30 Td (from ) Tj ET Q q 0 0 0 rg BT 106.46 232.30 Td (unfair ) Tj ET Q q 0 0 0 rg BT 131.87 232.30 Td (or ) Tj ET Q q 0 0 0 rg BT 141.72 232.30 Td (abusive ) Tj ET Q q 0 0 0 rg BT 173.79 232.30 Td (lending ) Tj ET Q q 0 0 0 rg BT 205.31 232.30 Td (practices ) Tj ET Q q 0 0 0 rg BT 242.37 232.30 Td (that ) Tj ET Q q 0 0 0 rg BT 258.89 232.30 Td (could ) Tj ET Q q 0 0 0 rg BT 282.63 232.30 Td (arise ) Tj ET Q q 0 0 0 rg BT 303.03 232.30 Td (from ) Tj ET Q q 0 0 0 rg BT 324.00 232.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 352.72 232.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 371.46 232.30 Td (originator ) Tj ET Q q 0 0 0 rg BT 412.42 232.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 469.49 232.30 Td (practices ) Tj ET Q q 0 0 0 rg BT 506.55 232.30 Td (by ) Tj ET Q q 0 0 0 rg BT 518.07 232.30 Td (prohibiting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 220.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 125.88 220.30 Td (to ) Tj ET Q q 0 0 0 rg BT 135.72 220.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 154.99 220.30 Td (originators ) Tj ET Q q 0 0 0 rg BT 200.37 220.30 Td (based ) Tj ET Q q 0 0 0 rg BT 225.20 220.30 Td (on ) Tj ET Q q 0 0 0 rg BT 237.26 220.30 Td (the ) Tj ET Q q 0 0 0 rg BT 251.53 220.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 275.80 220.30 Td (or ) Tj ET Q q 0 0 0 rg BT 286.19 220.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 329.91 220.30 Td (of ) Tj ET Q q 0 0 0 rg BT 340.30 220.30 Td (the ) Tj ET Q q 0 0 0 rg BT 354.58 220.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 400.50 220.30 Td (other ) Tj ET Q q 0 0 0 rg BT 423.11 220.30 Td (than ) Tj ET Q q 0 0 0 rg BT 442.38 220.30 Td (the ) Tj ET Q q 0 0 0 rg BT 456.66 220.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 488.71 220.30 Td (of ) Tj ET Q q 0 0 0 rg BT 499.10 220.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 523.92 220.30 Td (extended.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 203.90 Td (These ) Tj ET Q q 0 0 0 rg BT 98.40 203.90 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 141.52 203.90 Td (reforms ) Tj ET Q q 0 0 0 rg BT 174.65 203.90 Td (further ) Tj ET Q q 0 0 0 rg BT 203.88 203.90 Td (complicate ) Tj ET Q q 0 0 0 rg BT 249.78 203.90 Td (the ) Tj ET Q q 0 0 0 rg BT 264.02 203.90 Td (process ) Tj ET Q q 0 0 0 rg BT 296.04 203.90 Td (and ) Tj ET Q q 0 0 0 rg BT 312.50 203.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 347.28 203.90 Td (the ) Tj ET Q q 0 0 0 rg BT 361.52 203.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 393.54 203.90 Td (of ) Tj ET Q q 0 0 0 rg BT 403.90 203.90 Td (documentation ) Tj ET Q q 0 0 0 rg BT 465.36 203.90 Td (required ) Tj ET Q q 0 0 0 rg BT 500.70 203.90 Td (to ) Tj ET Q q 0 0 0 rg BT 510.50 203.90 Td (originate ) Tj ET Q q 0 0 0 rg BT 548.07 203.90 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 191.90 Td (fund ) Tj ET Q q 0 0 0 rg BT 70.33 191.90 Td (residential ) Tj ET Q q 0 0 0 rg BT 114.48 191.90 Td (mortgages.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 165.60 Td (Incr) Tj ET Q q 0 0 0 rg BT 67.79 165.60 Td (eased ) Tj ET Q q 0 0 0 rg BT 93.06 165.60 Td (Quality ) Tj ET Q q 0 0 0 rg BT 125.55 165.60 Td (Standar) Tj ET Q q 0 0 0 rg BT 156.85 165.60 Td (ds ) Tj ET Q q 0 0 0 rg BT 168.24 165.60 Td (Imposed ) Tj ET Q q 0 0 0 rg BT 204.63 165.60 Td (by ) Tj ET Q q 0 0 0 rg BT 216.56 165.60 Td (Regulators, ) Tj ET Q q 0 0 0 rg BT 265.45 165.60 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 300.17 165.60 Td (and ) Tj ET Q q 0 0 0 rg BT 317.67 165.60 Td (Investors) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 149.20 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 106.52 149.20 Td (have ) Tj ET Q q 0 0 0 rg BT 127.20 149.20 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 171.22 149.20 Td (many ) Tj ET Q q 0 0 0 rg BT 195.24 149.20 Td (high-risk ) Tj ET Q q 0 0 0 rg BT 233.16 149.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 252.19 149.20 Td (product ) Tj ET Q q 0 0 0 rg BT 284.54 149.20 Td (of) Tj ET Q q 0 0 0 rg BT 292.69 149.20 Td (ferings ) Tj ET Q q 0 0 0 rg BT 322.27 149.20 Td (and ) Tj ET Q q 0 0 0 rg BT 338.52 149.20 Td (have ) Tj ET Q q 0 0 0 rg BT 359.20 149.20 Td (significantly ) Tj ET Q q 0 0 0 rg BT 411.00 149.20 Td (tightened ) Tj ET Q q 0 0 0 rg BT 450.02 149.20 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 503.49 149.20 Td (and ) Tj ET Q q 0 0 0 rg BT 519.74 149.20 Td (processing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 137.20 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 105.74 137.20 Td (Similarly) Tj ET Q q 0 0 0 rg BT 142.32 137.20 Td (, ) Tj ET Q q 0 0 0 rg BT 146.36 137.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 184.01 137.20 Td (seek ) Tj ET Q q 0 0 0 rg BT 203.32 137.20 Td (higher) Tj ET Q q 0 0 0 rg BT 228.67 137.20 Td (-quality) Tj ET Q q 0 0 0 rg BT 259.12 137.20 Td (, ) Tj ET Q q 0 0 0 rg BT 263.16 137.20 Td (lower) Tj ET Q q 0 0 0 rg BT 285.73 137.20 Td (-risk ) Tj ET Q q 0 0 0 rg BT 305.60 137.20 Td (loans ) Tj ET Q q 0 0 0 rg BT 328.25 137.20 Td (in ) Tj ET Q q 0 0 0 rg BT 337.57 137.20 Td (which ) Tj ET Q q 0 0 0 rg BT 363.55 137.20 Td (to ) Tj ET Q q 0 0 0 rg BT 372.87 137.20 Td (invest. ) Tj ET Q q 0 0 0 rg BT 400.80 137.20 Td (Consistent ) Tj ET Q q 0 0 0 rg BT 444.57 137.20 Td (with ) Tj ET Q q 0 0 0 rg BT 463.89 137.20 Td (these ) Tj ET Q q 0 0 0 rg BT 485.98 137.20 Td (tightened ) Tj ET Q q 0 0 0 rg BT 524.73 137.20 Td (standards ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 125.20 Td (and ) Tj ET Q q 0 0 0 rg BT 65.71 125.20 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 119.95 125.20 Td (lenders ) Tj ET Q q 0 0 0 rg BT 150.60 125.20 Td (and ) Tj ET Q q 0 0 0 rg BT 166.80 125.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 204.68 125.20 Td (are ) Tj ET Q q 0 0 0 rg BT 218.65 125.20 Td (demanding ) Tj ET Q q 0 0 0 rg BT 264.85 125.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 304.37 125.20 Td (levels ) Tj ET Q q 0 0 0 rg BT 329.46 125.20 Td (of ) Tj ET Q q 0 0 0 rg BT 339.56 125.20 Td (documentation ) Tj ET Q q 0 0 0 rg BT 400.75 125.20 Td (of ) Tj ET Q q 0 0 0 rg BT 410.85 125.20 Td (the ) Tj ET Q q 0 0 0 rg BT 424.83 125.20 Td (data ) Tj ET Q q 0 0 0 rg BT 443.26 125.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 465.02 125.20 Td (which ) Tj ET Q q 0 0 0 rg BT 491.23 125.20 Td (a ) Tj ET Q q 0 0 0 rg BT 497.43 125.20 Td (lending ) Tj ET Q q 0 0 0 rg BT 529.19 125.20 Td (decision ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 113.20 Td (will ) Tj ET Q q 0 0 0 rg BT 66.97 113.20 Td (be ) Tj ET Q q 0 0 0 rg BT 78.32 113.20 Td (based, ) Tj ET Q q 0 0 0 rg BT 105.50 113.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 145.16 113.20 Td (use ) Tj ET Q q 0 0 0 rg BT 160.41 113.20 Td (of ) Tj ET Q q 0 0 0 rg BT 170.65 113.20 Td (third-party ) Tj ET Q q 0 0 0 rg BT 215.32 113.20 Td (services ) Tj ET Q q 0 0 0 rg BT 249.44 113.20 Td (to ) Tj ET Q q 0 0 0 rg BT 259.13 113.20 Td (obtain ) Tj ET Q q 0 0 0 rg BT 286.04 113.20 Td (unbiased ) Tj ET Q q 0 0 0 rg BT 323.50 113.20 Td (and ) Tj ET Q q 0 0 0 rg BT 339.85 113.20 Td (independent ) Tj ET Q q 0 0 0 rg BT 390.63 113.20 Td (verification ) Tj ET Q q 0 0 0 rg BT 438.63 113.20 Td (of ) Tj ET Q q 0 0 0 rg BT 448.87 113.20 Td (borrowers) Tj ET Q q 0 0 0 rg BT 492.00 113.20 Td ( ) Tj ET Q q 0 0 0 rg BT 493.91 113.20 Td (creditworthiness, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 101.20 Td (greater ) Tj ET Q q 0 0 0 rg BT 79.59 101.20 Td (proof ) Tj ET Q q 0 0 0 rg BT 103.59 101.20 Td (of ) Tj ET Q q 0 0 0 rg BT 114.26 101.20 Td (the ) Tj ET Q q 0 0 0 rg BT 128.82 101.20 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 168.91 101.20 Td (of ) Tj ET Q q 0 0 0 rg BT 179.58 101.20 Td (the ) Tj ET Q q 0 0 0 rg BT 194.13 101.20 Td (collateral ) Tj ET Q q 0 0 0 rg BT 233.67 101.20 Td (securing ) Tj ET Q q 0 0 0 rg BT 269.89 101.20 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 313.88 101.20 Td (and ) Tj ET Q q 0 0 0 rg BT 330.66 101.20 Td (strict ) Tj ET Q q 0 0 0 rg BT 352.99 101.20 Td (compliance ) Tj ET Q q 0 0 0 rg BT 401.42 101.20 Td (with ) Tj ET Q q 0 0 0 rg BT 421.54 101.20 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 464.97 101.20 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 521.84 101.20 Td (This ) Tj ET Q q 0 0 0 rg BT 541.96 101.20 Td (trend ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 89.20 Td (further ) Tj ET Q q 0 0 0 rg BT 80.36 89.20 Td (increases ) Tj ET Q q 0 0 0 rg BT 120.66 89.20 Td (the ) Tj ET Q q 0 0 0 rg BT 136.53 89.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 170.18 89.20 Td (of ) Tj ET Q q 0 0 0 rg BT 182.16 89.20 Td (documentation ) Tj ET Q q 0 0 0 rg BT 245.25 89.20 Td (and ) Tj ET Q q 0 0 0 rg BT 263.34 89.20 Td (number ) Tj ET Q q 0 0 0 rg BT 297.54 89.20 Td (of ) Tj ET Q q 0 0 0 rg BT 309.52 89.20 Td (services ) Tj ET Q q 0 0 0 rg BT 345.38 89.20 Td (required ) Tj ET Q q 0 0 0 rg BT 382.35 89.20 Td (to ) Tj ET Q q 0 0 0 rg BT 393.79 89.20 Td (originate ) Tj ET Q q 0 0 0 rg BT 432.98 89.20 Td (and ) Tj ET Q q 0 0 0 rg BT 451.07 89.20 Td (fund ) Tj ET Q q 0 0 0 rg BT 473.06 89.20 Td (residential ) Tj ET Q q 0 0 0 rg BT 518.36 89.20 Td (mortgages. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 77.20 Td (Increased ) Tj ET Q q 0 0 0 rg BT 89.65 77.20 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 141.46 77.20 Td (by ) Tj ET Q q 0 0 0 rg BT 153.30 77.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 182.90 77.20 Td (and ) Tj ET Q q 0 0 0 rg BT 199.18 77.20 Td (state ) Tj ET Q q 0 0 0 rg BT 219.35 77.20 Td (regulators ) Tj ET Q q 0 0 0 rg BT 261.18 77.20 Td (continues ) Tj ET Q q 0 0 0 rg BT 301.34 77.20 Td (to ) Tj ET Q q 0 0 0 rg BT 310.96 77.20 Td (encourage ) Tj ET Q q 0 0 0 rg BT 353.89 77.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 393.50 77.20 Td (originators ) Tj ET Q q 0 0 0 rg BT 438.66 77.20 Td (to ) Tj ET Q q 0 0 0 rg BT 448.28 77.20 Td (explore ) Tj ET Q q 0 0 0 rg BT 480.11 77.20 Td (technology ) Tj ET Q q 0 0 0 rg BT 526.39 77.20 Td (solutions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 65.20 Td (that ) Tj ET Q q 0 0 0 rg BT 67.00 65.20 Td (provide ) Tj ET Q q 0 0 0 rg BT 100.04 65.20 Td (adequate ) Tj ET Q q 0 0 0 rg BT 138.07 65.20 Td (controls ) Tj ET Q q 0 0 0 rg BT 172.79 65.20 Td (and ) Tj ET Q q 0 0 0 rg BT 189.73 65.20 Td (policy ) Tj ET Q q 0 0 0 rg BT 217.22 65.20 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 269.70 65.20 Td (to ) Tj ET Q q 0 0 0 rg BT 279.97 65.20 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 317.45 65.20 Td (originating ) Tj ET Q q 0 0 0 rg BT 363.83 65.20 Td (compliant ) Tj ET Q q 0 0 0 rg BT 406.32 65.20 Td (loans.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (5) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 740.10 Td (Gr) Tj ET Q q 0 0 0 rg BT 62.24 740.10 Td (eater ) Tj ET Q q 0 0 0 rg BT 85.29 740.10 Td (Focus ) Tj ET Q q 0 0 0 rg BT 112.23 740.10 Td (on ) Tj ET Q q 0 0 0 rg BT 124.73 740.10 Td (Operational ) Tj ET Q q 0 0 0 rg BT 176.11 740.10 Td (Efficiencies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 723.70 Td (The ) Tj ET Q q 0 0 0 rg BT 90.25 723.70 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 133.55 723.70 Td (reforms ) Tj ET Q q 0 0 0 rg BT 166.85 723.70 Td (enacted ) Tj ET Q q 0 0 0 rg BT 199.59 723.70 Td (since ) Tj ET Q q 0 0 0 rg BT 222.34 723.70 Td (2008, ) Tj ET Q q 0 0 0 rg BT 247.04 723.70 Td (combined ) Tj ET Q q 0 0 0 rg BT 288.68 723.70 Td (with ) Tj ET Q q 0 0 0 rg BT 308.66 723.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 348.62 723.70 Td (demands ) Tj ET Q q 0 0 0 rg BT 386.37 723.70 Td (for ) Tj ET Q q 0 0 0 rg BT 400.23 723.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 419.65 723.70 Td (quality) Tj ET Q q 0 0 0 rg BT 446.78 723.70 Td (, ) Tj ET Q q 0 0 0 rg BT 451.48 723.70 Td (have ) Tj ET Q q 0 0 0 rg BT 472.56 723.70 Td (significantly ) Tj ET Q q 0 0 0 rg BT 524.75 723.70 Td (increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 711.70 Td (the ) Tj ET Q q 0 0 0 rg BT 76.03 711.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 106.44 711.70 Td (of ) Tj ET Q q 0 0 0 rg BT 129.08 711.70 Td (originating ) Tj ET Q q 0 0 0 rg BT 187.27 711.70 Td (residential ) Tj ET Q q 0 0 0 rg BT 243.23 711.70 Td (mortgages, ) Tj ET Q q 0 0 0 rg BT 301.70 711.70 Td (with ) Tj ET Q q 0 0 0 rg BT 333.78 711.70 Td (direct ) Tj ET Q q 0 0 0 rg BT 370.86 711.70 Td (production ) Tj ET Q q 0 0 0 rg BT 428.49 711.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 462.80 711.70 Td (per ) Tj ET Q q 0 0 0 rg BT 489.88 711.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 521.40 711.70 Td (increasing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 699.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.33 699.70 Td (38%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.66 699.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.48 699.70 Td (from ) Tj ET Q q 0 0 0 rg BT 95.75 699.70 Td (2009 ) Tj ET Q q 0 0 0 rg BT 118.58 699.70 Td (to ) Tj ET Q q 0 0 0 rg BT 129.18 699.70 Td (2012) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 149.18 704.23 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.43 699.70 Td (. ) Tj ET Q q 0 0 0 rg BT 157.14 699.70 Td (As ) Tj ET Q q 0 0 0 rg BT 171.08 699.70 Td (a ) Tj ET Q q 0 0 0 rg BT 178.34 699.70 Td (result, ) Tj ET Q q 0 0 0 rg BT 205.89 699.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 246.48 699.70 Td (originators ) Tj ET Q q 0 0 0 rg BT 292.63 699.70 Td (have ) Tj ET Q q 0 0 0 rg BT 314.33 699.70 Td (sought ) Tj ET Q q 0 0 0 rg BT 343.83 699.70 Td (to ) Tj ET Q q 0 0 0 rg BT 354.44 699.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 390.02 699.70 Td (their ) Tj ET Q q 0 0 0 rg BT 411.17 699.70 Td (ef) Tj ET Q q 0 0 0 rg BT 418.76 699.70 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 453.79 699.70 Td (and ) Tj ET Q q 0 0 0 rg BT 471.05 699.70 Td (reduce ) Tj ET Q q 0 0 0 rg BT 500.52 699.70 Td (fixed ) Tj ET Q q 0 0 0 rg BT 523.90 699.70 Td (expenses, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 687.70 Td (leading ) Tj ET Q q 0 0 0 rg BT 81.12 687.70 Td (them ) Tj ET Q q 0 0 0 rg BT 103.29 687.70 Td (to ) Tj ET Q q 0 0 0 rg BT 113.25 687.70 Td (explore ) Tj ET Q q 0 0 0 rg BT 145.42 687.70 Td (technology ) Tj ET Q q 0 0 0 rg BT 192.04 687.70 Td (solutions ) Tj ET Q q 0 0 0 rg BT 230.34 687.70 Td (to ) Tj ET Q q 0 0 0 rg BT 240.30 687.70 Td (automate ) Tj ET Q q 0 0 0 rg BT 279.13 687.70 Td (their ) Tj ET Q q 0 0 0 rg BT 299.64 687.70 Td (business ) Tj ET Q q 0 0 0 rg BT 335.72 687.70 Td (processes ) Tj ET Q q 0 0 0 rg BT 376.22 687.70 Td (as ) Tj ET Q q 0 0 0 rg BT 386.73 687.70 Td (well ) Tj ET Q q 0 0 0 rg BT 406.13 687.70 Td (as ) Tj ET Q q 0 0 0 rg BT 416.64 687.70 Td (methods ) Tj ET Q q 0 0 0 rg BT 452.71 687.70 Td (to ) Tj ET Q q 0 0 0 rg BT 462.67 687.70 Td (avoid ) Tj ET Q q 0 0 0 rg BT 487.07 687.70 Td (or ) Tj ET Q q 0 0 0 rg BT 497.59 687.70 Td (reduce ) Tj ET Q q 0 0 0 rg BT 526.41 687.70 Td (expenses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 675.70 Td (that ) Tj ET Q q 0 0 0 rg BT 67.00 675.70 Td (are ) Tj ET Q q 0 0 0 rg BT 81.70 675.70 Td (not ) Tj ET Q q 0 0 0 rg BT 96.98 675.70 Td (tied ) Tj ET Q q 0 0 0 rg BT 114.48 675.70 Td (to ) Tj ET Q q 0 0 0 rg BT 124.75 675.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 158.90 675.70 Td (generating ) Tj ET Q q 0 0 0 rg BT 203.60 675.70 Td (activities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 649.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 71.44 649.40 Td (Mae) Tj ET Q q 0 0 0 rg BT 93.28 649.40 Td (s ) Tj ET Q q 0 0 0 rg BT 99.67 649.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 150.52 649.40 Td (Solution) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 633.00 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 93.48 633.00 Td (Mae) Tj ET Q q 0 0 0 rg BT 114.02 633.00 Td (s ) Tj ET Q q 0 0 0 rg BT 120.01 633.00 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 182.63 633.00 Td (on-demand, ) Tj ET Q q 0 0 0 rg BT 232.21 633.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 272.07 633.00 Td (management ) Tj ET Q q 0 0 0 rg BT 325.25 633.00 Td (solution ) Tj ET Q q 0 0 0 rg BT 359.57 633.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 396.11 633.00 Td (one ) Tj ET Q q 0 0 0 rg BT 412.64 633.00 Td (system ) Tj ET Q q 0 0 0 rg BT 442.51 633.00 Td (of ) Tj ET Q q 0 0 0 rg BT 452.93 633.00 Td (record ) Tj ET Q q 0 0 0 rg BT 480.56 633.00 Td (that ) Tj ET Q q 0 0 0 rg BT 497.65 633.00 Td (helps ) Tj ET Q q 0 0 0 rg BT 520.86 633.00 Td (streamline ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 621.00 Td (and ) Tj ET Q q 0 0 0 rg BT 67.40 621.00 Td (automate ) Tj ET Q q 0 0 0 rg BT 107.51 621.00 Td (the ) Tj ET Q q 0 0 0 rg BT 123.19 621.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 164.42 621.00 Td (origination ) Tj ET Q q 0 0 0 rg BT 211.76 621.00 Td (process, ) Tj ET Q q 0 0 0 rg BT 247.71 621.00 Td (increasing ) Tj ET Q q 0 0 0 rg BT 292.27 621.00 Td (ef) Tj ET Q q 0 0 0 rg BT 299.86 621.00 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 335.52 621.00 Td (and ) Tj ET Q q 0 0 0 rg BT 353.42 621.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 374.10 621.00 Td (quality) Tj ET Q q 0 0 0 rg BT 401.22 621.00 Td (, ) Tj ET Q q 0 0 0 rg BT 407.19 621.00 Td (facilitating ) Tj ET Q q 0 0 0 rg BT 453.96 621.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 498.52 621.00 Td (compliance ) Tj ET Q q 0 0 0 rg BT 548.07 621.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 609.00 Td (reducing ) Tj ET Q q 0 0 0 rg BT 86.99 609.00 Td (documentation ) Tj ET Q q 0 0 0 rg BT 148.91 609.00 Td (errors ) Tj ET Q q 0 0 0 rg BT 174.73 609.00 Td (for ) Tj ET Q q 0 0 0 rg BT 188.89 609.00 Td (our ) Tj ET Q q 0 0 0 rg BT 204.72 609.00 Td (users.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 585.00 Td (For ) Tj ET Q q 0 0 0 rg BT 69.00 585.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 109.83 585.00 Td (originators:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 568.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 568.60 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 133.50 568.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 170.38 568.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 210.60 568.60 Td (originators ) Tj ET Q q 0 0 0 rg BT 256.37 568.60 Td (with ) Tj ET Q q 0 0 0 rg BT 276.60 568.60 Td (a ) Tj ET Q q 0 0 0 rg BT 283.48 568.60 Td (core ) Tj ET Q q 0 0 0 rg BT 303.14 568.60 Td (business ) Tj ET Q q 0 0 0 rg BT 339.48 568.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 379.69 568.60 Td (system, ) Tj ET Q q 0 0 0 rg BT 412.42 568.60 Td (streamlining ) Tj ET Q q 0 0 0 rg BT 464.86 568.60 Td (and ) Tj ET Q q 0 0 0 rg BT 481.75 568.60 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 525.29 568.60 Td (business-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 556.60 Td (critical ) Tj ET Q q 0 0 0 rg BT 114.98 556.60 Td (functions, ) Tj ET Q q 0 0 0 rg BT 156.41 556.60 Td (including ) Tj ET Q q 0 0 0 rg BT 195.91 556.60 Td (the ) Tj ET Q q 0 0 0 rg BT 209.84 556.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 237.11 556.60 Td (to ) Tj ET Q q 0 0 0 rg BT 246.61 556.60 Td (market ) Tj ET Q q 0 0 0 rg BT 276.09 556.60 Td (to ) Tj ET Q q 0 0 0 rg BT 285.59 556.60 Td (prospective ) Tj ET Q q 0 0 0 rg BT 333.40 556.60 Td (or ) Tj ET Q q 0 0 0 rg BT 343.45 556.60 Td (former ) Tj ET Q q 0 0 0 rg BT 372.38 556.60 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 414.64 556.60 Td (in ) Tj ET Q q 0 0 0 rg BT 424.13 556.60 Td (a ) Tj ET Q q 0 0 0 rg BT 430.29 556.60 Td (controlled ) Tj ET Q q 0 0 0 rg BT 472.55 556.60 Td (and ) Tj ET Q q 0 0 0 rg BT 488.71 556.60 Td (compliant ) Tj ET Q q 0 0 0 rg BT 530.42 556.60 Td (manner) Tj ET Q q 0 0 0 rg BT 560.00 556.60 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 544.60 Td (lead ) Tj ET Q q 0 0 0 rg BT 106.82 544.60 Td (generation, ) Tj ET Q q 0 0 0 rg BT 156.19 544.60 Td (lead ) Tj ET Q q 0 0 0 rg BT 177.52 544.60 Td (management ) Tj ET Q q 0 0 0 rg BT 233.28 544.60 Td (and ) Tj ET Q q 0 0 0 rg BT 252.38 544.60 Td (lead ) Tj ET Q q 0 0 0 rg BT 273.71 544.60 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 326.99 544.60 Td (loan ) Tj ET Q q 0 0 0 rg BT 348.87 544.60 Td (processing, ) Tj ET Q q 0 0 0 rg BT 398.81 544.60 Td (task ) Tj ET Q q 0 0 0 rg BT 419.59 544.60 Td (management, ) Tj ET Q q 0 0 0 rg BT 477.84 544.60 Td (communication ) Tj ET Q q 0 0 0 rg BT 544.72 544.60 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 532.60 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 132.10 532.60 Td (and ) Tj ET Q q 0 0 0 rg BT 152.59 532.60 Td (other ) Tj ET Q q 0 0 0 rg BT 179.19 532.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 223.00 532.60 Td (origination ) Tj ET Q q 0 0 0 rg BT 272.94 532.60 Td (participants, ) Tj ET Q q 0 0 0 rg BT 328.14 532.60 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 373.35 532.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 420.50 532.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 472.64 532.60 Td (and ) Tj ET Q q 0 0 0 rg BT 493.13 532.60 Td (general ) Tj ET Q q 0 0 0 rg BT 528.61 532.60 Td (business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 520.60 Td (management. ) Tj ET Q q 0 0 0 rg BT 140.55 520.60 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 187.55 520.60 Td (also ) Tj ET Q q 0 0 0 rg BT 205.11 520.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 241.01 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 254.68 520.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 281.69 520.60 Td (to ) Tj ET Q q 0 0 0 rg BT 290.93 520.60 Td (collaborate ) Tj ET Q q 0 0 0 rg BT 336.80 520.60 Td (ef) Tj ET Q q 0 0 0 rg BT 344.39 520.60 Td (fectively ) Tj ET Q q 0 0 0 rg BT 380.83 520.60 Td (between ) Tj ET Q q 0 0 0 rg BT 415.60 520.60 Td (departments ) Tj ET Q q 0 0 0 rg BT 465.93 520.60 Td (and ) Tj ET Q q 0 0 0 rg BT 481.82 520.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 514.94 520.60 Td (the ) Tj ET Q q 0 0 0 rg BT 528.62 520.60 Td (business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 508.60 Td (comprehensively) Tj ET Q q 0 0 0 rg BT 153.16 508.60 Td (, ) Tj ET Q q 0 0 0 rg BT 158.16 508.60 Td (all ) Tj ET Q q 0 0 0 rg BT 170.66 508.60 Td (within ) Tj ET Q q 0 0 0 rg BT 198.71 508.60 Td (a ) Tj ET Q q 0 0 0 rg BT 205.65 508.60 Td (secure ) Tj ET Q q 0 0 0 rg BT 233.69 508.60 Td (environment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 492.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 492.20 Td (Additional ) Tj ET Q q 0 0 0 rg BT 132.68 492.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 182.63 492.20 Td (services ) Tj ET Q q 0 0 0 rg BT 219.24 492.20 Td (we ) Tj ET Q q 0 0 0 rg BT 235.30 492.20 Td (of) Tj ET Q q 0 0 0 rg BT 243.45 492.20 Td (fer ) Tj ET Q q 0 0 0 rg BT 258.95 492.20 Td (include ) Tj ET Q q 0 0 0 rg BT 292.79 492.20 Td (borrower) Tj ET Q q 0 0 0 rg BT 329.24 492.20 Td (-facing ) Tj ET Q q 0 0 0 rg BT 361.96 492.20 Td (websites ) Tj ET Q q 0 0 0 rg BT 400.80 492.20 Td (which ) Tj ET Q q 0 0 0 rg BT 429.65 492.20 Td (enable ) Tj ET Q q 0 0 0 rg BT 460.14 492.20 Td (originators ) Tj ET Q q 0 0 0 rg BT 507.87 492.20 Td (to ) Tj ET Q q 0 0 0 rg BT 520.05 492.20 Td (market ) Tj ET Q q 0 0 0 rg BT 552.22 492.20 Td (to, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 480.20 Td (communicate ) Tj ET Q q 0 0 0 rg BT 143.53 480.20 Td (with ) Tj ET Q q 0 0 0 rg BT 165.46 480.20 Td (and ) Tj ET Q q 0 0 0 rg BT 184.06 480.20 Td (support ) Tj ET Q q 0 0 0 rg BT 218.22 480.20 Td (their ) Tj ET Q q 0 0 0 rg BT 240.70 480.20 Td (customers, ) Tj ET Q q 0 0 0 rg BT 287.91 480.20 Td (as ) Tj ET Q q 0 0 0 rg BT 300.39 480.20 Td (well ) Tj ET Q q 0 0 0 rg BT 321.77 480.20 Td (as ) Tj ET Q q 0 0 0 rg BT 334.26 480.20 Td (automated ) Tj ET Q q 0 0 0 rg BT 380.07 480.20 Td (solutions ) Tj ET Q q 0 0 0 rg BT 420.34 480.20 Td (that ) Tj ET Q q 0 0 0 rg BT 439.50 480.20 Td (format ) Tj ET Q q 0 0 0 rg BT 470.31 480.20 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 515.01 480.20 Td (and ) Tj ET Q q 0 0 0 rg BT 533.61 480.20 Td (closing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 468.20 Td (documents, ) Tj ET Q q 0 0 0 rg BT 135.03 468.20 Td (electronically ) Tj ET Q q 0 0 0 rg BT 193.14 468.20 Td (manage ) Tj ET Q q 0 0 0 rg BT 227.93 468.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 248.85 468.20 Td (documents, ) Tj ET Q q 0 0 0 rg BT 298.38 468.20 Td (verify ) Tj ET Q q 0 0 0 rg BT 325.95 468.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 362.97 468.20 Td (income, ) Tj ET Q q 0 0 0 rg BT 398.60 468.20 Td (verify ) Tj ET Q q 0 0 0 rg BT 426.18 468.20 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 470.97 468.20 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 523.26 468.20 Td (order ) Tj ET Q q 0 0 0 rg BT 548.06 468.20 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 456.20 Td (transfer ) Tj ET Q q 0 0 0 rg BT 118.27 456.20 Td (flood ) Tj ET Q q 0 0 0 rg BT 141.61 456.20 Td (zone ) Tj ET Q q 0 0 0 rg BT 162.72 456.20 Td (certifications ) Tj ET Q q 0 0 0 rg BT 217.15 456.20 Td (and ) Tj ET Q q 0 0 0 rg BT 233.82 456.20 Td (match ) Tj ET Q q 0 0 0 rg BT 260.48 456.20 Td (specific ) Tj ET Q q 0 0 0 rg BT 293.81 456.20 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 336.58 456.20 Td (to ) Tj ET Q q 0 0 0 rg BT 346.59 456.20 Td (the ) Tj ET Q q 0 0 0 rg BT 361.04 456.20 Td (most ) Tj ET Q q 0 0 0 rg BT 382.72 456.20 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 430.48 456.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 470.48 456.20 Td (products ) Tj ET Q q 0 0 0 rg BT 507.15 456.20 Td (of) Tj ET Q q 0 0 0 rg BT 515.29 456.20 Td (fered ) Tj ET Q q 0 0 0 rg BT 538.06 456.20 Td (by ) Tj ET Q q 0 0 0 rg BT 550.29 456.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 444.20 Td (lender) Tj ET Q q 0 0 0 rg BT 109.93 444.20 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 427.80 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 427.80 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.80 427.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 123.44 427.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 142.97 427.80 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.96 427.80 Td ( ) Tj ET Q q 0 0 0 rg BT 179.71 427.80 Td (enables ) Tj ET Q q 0 0 0 rg BT 211.46 427.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 258.76 427.80 Td (users ) Tj ET Q q 0 0 0 rg BT 281.07 427.80 Td (to ) Tj ET Q q 0 0 0 rg BT 290.60 427.80 Td (submit ) Tj ET Q q 0 0 0 rg BT 319.59 427.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 338.56 427.80 Td (data ) Tj ET Q q 0 0 0 rg BT 356.97 427.80 Td (and ) Tj ET Q q 0 0 0 rg BT 373.17 427.80 Td (entire ) Tj ET Q q 0 0 0 rg BT 397.69 427.80 Td (files ) Tj ET Q q 0 0 0 rg BT 416.66 427.80 Td (electronically ) Tj ET Q q 0 0 0 rg BT 472.83 427.80 Td (and ) Tj ET Q q 0 0 0 rg BT 489.03 427.80 Td (securely ) Tj ET Q q 0 0 0 rg BT 524.10 427.80 Td (to ) Tj ET Q q 0 0 0 rg BT 533.64 427.80 Td (lenders ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 415.80 Td (and ) Tj ET Q q 0 0 0 rg BT 102.44 415.80 Td (order ) Tj ET Q q 0 0 0 rg BT 126.04 415.80 Td (and ) Tj ET Q q 0 0 0 rg BT 142.98 415.80 Td (receive ) Tj ET Q q 0 0 0 rg BT 174.34 415.80 Td (electronic ) Tj ET Q q 0 0 0 rg BT 216.26 415.80 Td (settlement ) Tj ET Q q 0 0 0 rg BT 259.86 415.80 Td (services ) Tj ET Q q 0 0 0 rg BT 294.56 415.80 Td (necessary ) Tj ET Q q 0 0 0 rg BT 335.93 415.80 Td (to ) Tj ET Q q 0 0 0 rg BT 346.21 415.80 Td (originate ) Tj ET Q q 0 0 0 rg BT 384.25 415.80 Td (a ) Tj ET Q q 0 0 0 rg BT 391.19 415.80 Td (loan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 399.40 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 399.40 Td (In ) Tj ET Q q 0 0 0 rg BT 96.16 399.40 Td (201) Tj ET Q q 0 0 0 rg BT 110.79 399.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 120.62 399.40 Td (we ) Tj ET Q q 0 0 0 rg BT 134.61 399.40 Td (launched ) Tj ET Q q 0 0 0 rg BT 173.03 399.40 Td (the ) Tj ET Q q 0 0 0 rg BT 187.58 399.40 Td (pilot ) Tj ET Q q 0 0 0 rg BT 208.24 399.40 Td (program ) Tj ET Q q 0 0 0 rg BT 244.45 399.40 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.27 399.40 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.70 399.40 Td (, ) Tj ET Q q 0 0 0 rg BT 282.53 399.40 Td (and ) Tj ET Q q 0 0 0 rg BT 299.30 399.40 Td (we ) Tj ET Q q 0 0 0 rg BT 313.29 399.40 Td (currently ) Tj ET Q q 0 0 0 rg BT 351.71 399.40 Td (have ) Tj ET Q q 0 0 0 rg BT 372.92 399.40 Td (a ) Tj ET Q q 0 0 0 rg BT 379.69 399.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 410.35 399.40 Td (number ) Tj ET Q q 0 0 0 rg BT 443.22 399.40 Td (of ) Tj ET Q q 0 0 0 rg BT 453.88 399.40 Td (investors ) Tj ET Q q 0 0 0 rg BT 492.32 399.40 Td (and ) Tj ET Q q 0 0 0 rg BT 509.09 399.40 Td (shared ) Tj ET Q q 0 0 0 rg BT 537.51 399.40 Td (lender ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 387.40 Td (clients. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.30 387.40 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.37 387.40 Td ( ) Tj ET Q q 0 0 0 rg BT 135.66 387.40 Td (is ) Tj ET Q q 0 0 0 rg BT 143.63 387.40 Td (designed ) Tj ET Q q 0 0 0 rg BT 180.47 387.40 Td (to ) Tj ET Q q 0 0 0 rg BT 189.54 387.40 Td (further ) Tj ET Q q 0 0 0 rg BT 218.04 387.40 Td (enhance ) Tj ET Q q 0 0 0 rg BT 252.08 387.40 Td (the ) Tj ET Q q 0 0 0 rg BT 265.59 387.40 Td (quality) Tj ET Q q 0 0 0 rg BT 292.72 387.40 Td (, ) Tj ET Q q 0 0 0 rg BT 296.51 387.40 Td (compliance ) Tj ET Q q 0 0 0 rg BT 343.89 387.40 Td (and ) Tj ET Q q 0 0 0 rg BT 359.62 387.40 Td (saleability ) Tj ET Q q 0 0 0 rg BT 402.02 387.40 Td (of ) Tj ET Q q 0 0 0 rg BT 411.64 387.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 434.04 387.40 Td (that ) Tj ET Q q 0 0 0 rg BT 450.33 387.40 Td (are ) Tj ET Q q 0 0 0 rg BT 463.83 387.40 Td (originated ) Tj ET Q q 0 0 0 rg BT 505.66 387.40 Td (by ) Tj ET Q q 0 0 0 rg BT 516.96 387.40 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 375.40 Td (users, ) Tj ET Q q 0 0 0 rg BT 110.74 375.40 Td (by ) Tj ET Q q 0 0 0 rg BT 122.92 375.40 Td (providing ) Tj ET Q q 0 0 0 rg BT 164.00 375.40 Td (a ) Tj ET Q q 0 0 0 rg BT 170.62 375.40 Td (centralized ) Tj ET Q q 0 0 0 rg BT 216.67 375.40 Td (ordering ) Tj ET Q q 0 0 0 rg BT 252.73 375.40 Td (and ) Tj ET Q q 0 0 0 rg BT 269.36 375.40 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 311.53 375.40 Td (interface, ) Tj ET Q q 0 0 0 rg BT 351.18 375.40 Td (greater ) Tj ET Q q 0 0 0 rg BT 381.13 375.40 Td (visibility ) Tj ET Q q 0 0 0 rg BT 418.87 375.40 Td (into ) Tj ET Q q 0 0 0 rg BT 436.62 375.40 Td (the ) Tj ET Q q 0 0 0 rg BT 451.02 375.40 Td (quality ) Tj ET Q q 0 0 0 rg BT 480.98 375.40 Td (of ) Tj ET Q q 0 0 0 rg BT 491.50 375.40 Td (each ) Tj ET Q q 0 0 0 rg BT 512.00 375.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 531.40 375.40 Td (through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 363.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 129.23 363.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 169.63 363.40 Td (and ) Tj ET Q q 0 0 0 rg BT 187.82 363.40 Td (dashboard ) Tj ET Q q 0 0 0 rg BT 232.66 363.40 Td (tools ) Tj ET Q q 0 0 0 rg BT 255.85 363.40 Td (and ) Tj ET Q q 0 0 0 rg BT 274.03 363.40 Td (a ) Tj ET Q q 0 0 0 rg BT 282.22 363.40 Td (best ) Tj ET Q q 0 0 0 rg BT 302.07 363.40 Td (practice ) Tj ET Q q 0 0 0 rg BT 337.45 363.40 Td (workflow ) Tj ET Q q 0 0 0 rg BT 380.08 363.40 Td (designed ) Tj ET Q q 0 0 0 rg BT 419.37 363.40 Td (to ) Tj ET Q q 0 0 0 rg BT 430.89 363.40 Td (ensure ) Tj ET Q q 0 0 0 rg BT 460.74 363.40 Td (a ) Tj ET Q q 0 0 0 rg BT 468.92 363.40 Td (higher ) Tj ET Q q 0 0 0 rg BT 498.21 363.40 Td (level ) Tj ET Q q 0 0 0 rg BT 521.39 363.40 Td (of ) Tj ET Q q 0 0 0 rg BT 533.46 363.40 Td (review) Tj ET Q q 0 0 0 rg BT 560.02 363.40 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 351.40 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 141.63 351.40 Td (and ) Tj ET Q q 0 0 0 rg BT 159.43 351.40 Td (loan ) Tj ET Q q 0 0 0 rg BT 180.02 351.40 Td (quality) Tj ET Q q 0 0 0 rg BT 207.14 351.40 Td (. ) Tj ET Q q 0 0 0 rg BT 212.77 351.40 Td (Through ) Tj ET Q q 0 0 0 rg BT 250.57 351.40 Td (the ) Tj ET Q q 0 0 0 rg BT 266.16 351.40 Td (centralized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.14 351.40 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.21 351.40 Td ( ) Tj ET Q q 0 0 0 rg BT 335.58 351.40 Td (interface, ) Tj ET Q q 0 0 0 rg BT 376.42 351.40 Td (we ) Tj ET Q q 0 0 0 rg BT 391.44 351.40 Td (of) Tj ET Q q 0 0 0 rg BT 399.59 351.40 Td (fer ) Tj ET Q q 0 0 0 rg BT 414.06 351.40 Td (a ) Tj ET Q q 0 0 0 rg BT 421.87 351.40 Td (suite ) Tj ET Q q 0 0 0 rg BT 444.12 351.40 Td (of ) Tj ET Q q 0 0 0 rg BT 455.82 351.40 Td (fraud ) Tj ET Q q 0 0 0 rg BT 480.29 351.40 Td (detection, ) Tj ET Q q 0 0 0 rg BT 522.80 351.40 Td (valuation, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 339.40 Td (validation ) Tj ET Q q 0 0 0 rg BT 127.26 339.40 Td (and ) Tj ET Q q 0 0 0 rg BT 143.47 339.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 160.24 339.40 Td (analysis ) Tj ET Q q 0 0 0 rg BT 194.22 339.40 Td (services ) Tj ET Q q 0 0 0 rg BT 228.20 339.40 Td (that ) Tj ET Q q 0 0 0 rg BT 244.96 339.40 Td (are ) Tj ET Q q 0 0 0 rg BT 258.94 339.40 Td (presented ) Tj ET Q q 0 0 0 rg BT 299.02 339.40 Td (back ) Tj ET Q q 0 0 0 rg BT 319.67 339.40 Td (to ) Tj ET Q q 0 0 0 rg BT 329.22 339.40 Td (our ) Tj ET Q q 0 0 0 rg BT 344.31 339.40 Td (users ) Tj ET Q q 0 0 0 rg BT 366.64 339.40 Td (in ) Tj ET Q q 0 0 0 rg BT 376.18 339.40 Td (a ) Tj ET Q q 0 0 0 rg BT 382.39 339.40 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 444.69 339.40 Td (and ) Tj ET Q q 0 0 0 rg BT 460.90 339.40 Td (easy-to-consume ) Tj ET Q q 0 0 0 rg BT 530.42 339.40 Td (manner) Tj ET Q q 0 0 0 rg BT 560.01 339.40 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 327.40 Td (with ) Tj ET Q q 0 0 0 rg BT 105.22 327.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 147.16 327.40 Td (data ) Tj ET Q q 0 0 0 rg BT 165.76 327.40 Td (population ) Tj ET Q q 0 0 0 rg BT 210.48 327.40 Td (allowing ) Tj ET Q q 0 0 0 rg BT 247.42 327.40 Td (for ) Tj ET Q q 0 0 0 rg BT 261.03 327.40 Td (greater ) Tj ET Q q 0 0 0 rg BT 290.73 327.40 Td (use ) Tj ET Q q 0 0 0 rg BT 306.00 327.40 Td (of ) Tj ET Q q 0 0 0 rg BT 316.28 327.40 Td (automated ) Tj ET Q q 0 0 0 rg BT 359.88 327.40 Td (rules ) Tj ET Q q 0 0 0 rg BT 381.26 327.40 Td (to ) Tj ET Q q 0 0 0 rg BT 390.98 327.40 Td (ensure ) Tj ET Q q 0 0 0 rg BT 419.03 327.40 Td (compliance ) Tj ET Q q 0 0 0 rg BT 467.06 327.40 Td (and ) Tj ET Q q 0 0 0 rg BT 483.45 327.40 Td (quality) Tj ET Q q 0 0 0 rg BT 510.57 327.40 Td (. ) Tj ET Q q 0 0 0 rg BT 515.02 327.40 Td ( ) Tj ET Q q 0 0 0 rg BT 516.96 327.40 Td (In ) Tj ET Q q 0 0 0 rg BT 527.24 327.40 Td (addition, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 315.40 Td (our ) Tj ET Q q 0 0 0 rg BT 101.93 315.40 Td (secure, ) Tj ET Q q 0 0 0 rg BT 133.07 315.40 Td (tamper) Tj ET Q q 0 0 0 rg BT 160.63 315.40 Td (-proof ) Tj ET Q q 0 0 0 rg BT 188.73 315.40 Td (technology ) Tj ET Q q 0 0 0 rg BT 236.26 315.40 Td (enables ) Tj ET Q q 0 0 0 rg BT 269.35 315.40 Td (correspondent ) Tj ET Q q 0 0 0 rg BT 329.10 315.40 Td (lenders ) Tj ET Q q 0 0 0 rg BT 361.08 315.40 Td (to ) Tj ET Q q 0 0 0 rg BT 371.96 315.40 Td (share ) Tj ET Q q 0 0 0 rg BT 396.16 315.40 Td (the ) Tj ET Q q 0 0 0 rg BT 411.48 315.40 Td (original ) Tj ET Q q 0 0 0 rg BT 445.68 315.40 Td (findings ) Tj ET Q q 0 0 0 rg BT 481.56 315.40 Td (and ) Tj ET Q q 0 0 0 rg BT 499.10 315.40 Td (data ) Tj ET Q q 0 0 0 rg BT 518.86 315.40 Td (from ) Tj ET Q q 0 0 0 rg BT 541.40 315.40 Td (those ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 303.40 Td (services ) Tj ET Q q 0 0 0 rg BT 120.05 303.40 Td (with ) Tj ET Q q 0 0 0 rg BT 140.18 303.40 Td (investors ) Tj ET Q q 0 0 0 rg BT 178.64 303.40 Td (and ) Tj ET Q q 0 0 0 rg BT 195.42 303.40 Td (other ) Tj ET Q q 0 0 0 rg BT 218.32 303.40 Td (stakeholders ) Tj ET Q q 0 0 0 rg BT 270.65 303.40 Td (in ) Tj ET Q q 0 0 0 rg BT 280.78 303.40 Td (the ) Tj ET Q q 0 0 0 rg BT 295.34 303.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 330.47 303.40 Td (supply ) Tj ET Q q 0 0 0 rg BT 359.48 303.40 Td (chain, ) Tj ET Q q 0 0 0 rg BT 385.99 303.40 Td (in ) Tj ET Q q 0 0 0 rg BT 396.11 303.40 Td (a ) Tj ET Q q 0 0 0 rg BT 402.90 303.40 Td (manner ) Tj ET Q q 0 0 0 rg BT 435.23 303.40 Td (that ) Tj ET Q q 0 0 0 rg BT 452.58 303.40 Td (allows ) Tj ET Q q 0 0 0 rg BT 481.03 303.40 Td (the ) Tj ET Q q 0 0 0 rg BT 495.60 303.40 Td (investor ) Tj ET Q q 0 0 0 rg BT 530.16 303.40 Td (to ) Tj ET Q q 0 0 0 rg BT 540.29 303.40 Td (avoid ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 291.40 Td (having ) Tj ET Q q 0 0 0 rg BT 116.10 291.40 Td (to ) Tj ET Q q 0 0 0 rg BT 127.25 291.40 Td (reorder ) Tj ET Q q 0 0 0 rg BT 159.50 291.40 Td (those ) Tj ET Q q 0 0 0 rg BT 183.99 291.40 Td (services, ) Tj ET Q q 0 0 0 rg BT 222.07 291.40 Td (knowing ) Tj ET Q q 0 0 0 rg BT 260.45 291.40 Td (that ) Tj ET Q q 0 0 0 rg BT 278.83 291.40 Td (they ) Tj ET Q q 0 0 0 rg BT 299.42 291.40 Td (are ) Tj ET Q q 0 0 0 rg BT 315.01 291.40 Td (the ) Tj ET Q q 0 0 0 rg BT 330.60 291.40 Td (original ) Tj ET Q q 0 0 0 rg BT 365.08 291.40 Td (documents ) Tj ET Q q 0 0 0 rg BT 411.79 291.40 Td (that ) Tj ET Q q 0 0 0 rg BT 430.16 291.40 Td (were ) Tj ET Q q 0 0 0 rg BT 452.97 291.40 Td (delivered ) Tj ET Q q 0 0 0 rg BT 493.55 291.40 Td (directly ) Tj ET Q q 0 0 0 rg BT 527.47 291.40 Td (from ) Tj ET Q q 0 0 0 rg BT 550.29 291.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 279.40 Td (original ) Tj ET Q q 0 0 0 rg BT 119.10 279.40 Td (vendor ) Tj ET Q q 0 0 0 rg BT 149.37 279.40 Td (and ) Tj ET Q q 0 0 0 rg BT 166.31 279.40 Td (held ) Tj ET Q q 0 0 0 rg BT 186.03 279.40 Td (securely ) Tj ET Q q 0 0 0 rg BT 221.84 279.40 Td (in ) Tj ET Q q 0 0 0 rg BT 232.12 279.40 Td (an ) Tj ET Q q 0 0 0 rg BT 244.06 279.40 Td (electronic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.80 279.40 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.87 279.40 Td ( ) Tj ET Q q 0 0 0 rg BT 307.37 279.40 Td (vault.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 253.10 Td (For ) Tj ET Q q 0 0 0 rg BT 69.00 253.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 103.44 253.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 142.05 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.55 253.10 Td (service ) Tj ET Q q 0 0 0 rg BT 190.36 253.10 Td (pr) Tj ET Q q 0 0 0 rg BT 198.88 253.10 Td (oviders:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 236.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 236.70 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.74 236.70 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 123.32 236.70 Td (Mae ) Tj ET Q q 0 0 0 rg BT 142.79 236.70 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.78 236.70 Td ( ) Tj ET Q q 0 0 0 rg BT 179.47 236.70 Td (provides ) Tj ET Q q 0 0 0 rg BT 215.61 236.70 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 248.68 236.70 Td (investors ) Tj ET Q q 0 0 0 rg BT 286.49 236.70 Td (and ) Tj ET Q q 0 0 0 rg BT 302.62 236.70 Td (service ) Tj ET Q q 0 0 0 rg BT 332.64 236.70 Td (providers ) Tj ET Q q 0 0 0 rg BT 372.10 236.70 Td (greater ) Tj ET Q q 0 0 0 rg BT 401.55 236.70 Td (and ) Tj ET Q q 0 0 0 rg BT 417.69 236.70 Td (more ) Tj ET Q q 0 0 0 rg BT 439.93 236.70 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 466.96 236.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 495.86 236.70 Td (electronic ) Tj ET Q q 0 0 0 rg BT 536.97 236.70 Td (access ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 224.70 Td (to ) Tj ET Q q 0 0 0 rg BT 96.37 224.70 Td (a ) Tj ET Q q 0 0 0 rg BT 103.90 224.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 149.21 224.70 Td (percentage ) Tj ET Q q 0 0 0 rg BT 195.60 224.70 Td (of ) Tj ET Q q 0 0 0 rg BT 207.03 224.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 247.88 224.70 Td (origination ) Tj ET Q q 0 0 0 rg BT 294.86 224.70 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 353.22 224.70 Td (increasing ) Tj ET Q q 0 0 0 rg BT 397.41 224.70 Td (their ) Tj ET Q q 0 0 0 rg BT 418.83 224.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 453.56 224.70 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 509.43 224.70 Td (and ) Tj ET Q q 0 0 0 rg BT 526.96 224.70 Td (lowering ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 212.70 Td (their ) Tj ET Q q 0 0 0 rg BT 106.33 212.70 Td (marketing ) Tj ET Q q 0 0 0 rg BT 149.37 212.70 Td (and ) Tj ET Q q 0 0 0 rg BT 166.31 212.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 186.02 212.70 Td (aggregation ) Tj ET Q q 0 0 0 rg BT 235.72 212.70 Td (costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 196.30 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 196.30 Td (Lenders, ) Tj ET Q q 0 0 0 rg BT 124.39 196.30 Td (investors ) Tj ET Q q 0 0 0 rg BT 164.68 196.30 Td (and ) Tj ET Q q 0 0 0 rg BT 183.30 196.30 Td (service ) Tj ET Q q 0 0 0 rg BT 215.80 196.30 Td (providers ) Tj ET Q q 0 0 0 rg BT 257.76 196.30 Td (can ) Tj ET Q q 0 0 0 rg BT 275.82 196.30 Td (seamlessly ) Tj ET Q q 0 0 0 rg BT 323.33 196.30 Td (receive ) Tj ET Q q 0 0 0 rg BT 356.37 196.30 Td (data ) Tj ET Q q 0 0 0 rg BT 377.21 196.30 Td (directly ) Tj ET Q q 0 0 0 rg BT 411.94 196.30 Td (from ) Tj ET Q q 0 0 0 rg BT 435.56 196.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 477.50 196.30 Td (originators, ) Tj ET Q q 0 0 0 rg BT 527.51 196.30 Td (reducing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 184.30 Td (redundant ) Tj ET Q q 0 0 0 rg BT 127.99 184.30 Td (data ) Tj ET Q q 0 0 0 rg BT 147.14 184.30 Td (entries ) Tj ET Q q 0 0 0 rg BT 176.30 184.30 Td (and ) Tj ET Q q 0 0 0 rg BT 193.23 184.30 Td (errors ) Tj ET Q q 0 0 0 rg BT 219.05 184.30 Td (and ) Tj ET Q q 0 0 0 rg BT 235.99 184.30 Td (lowering ) Tj ET Q q 0 0 0 rg BT 274.04 184.30 Td (loan-fulfillment ) Tj ET Q q 0 0 0 rg BT 339.86 184.30 Td (and ) Tj ET Q q 0 0 0 rg BT 356.79 184.30 Td (customer ) Tj ET Q q 0 0 0 rg BT 395.95 184.30 Td (support ) Tj ET Q q 0 0 0 rg BT 428.45 184.30 Td (costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 167.90 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 167.90 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 119.24 167.90 Td (use ) Tj ET Q q 0 0 0 rg BT 134.11 167.90 Td (the ) Tj ET Q q 0 0 0 rg BT 147.86 167.90 Td (rules ) Tj ET Q q 0 0 0 rg BT 168.83 167.90 Td (and ) Tj ET Q q 0 0 0 rg BT 184.81 167.90 Td (services ) Tj ET Q q 0 0 0 rg BT 218.55 167.90 Td (in ) Tj ET Q q 0 0 0 rg BT 227.87 167.90 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.62 167.90 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.69 167.90 Td ( ) Tj ET Q q 0 0 0 rg BT 263.22 167.90 Td (program ) Tj ET Q q 0 0 0 rg BT 298.64 167.90 Td (to ) Tj ET Q q 0 0 0 rg BT 307.95 167.90 Td (process ) Tj ET Q q 0 0 0 rg BT 339.48 167.90 Td (their ) Tj ET Q q 0 0 0 rg BT 359.34 167.90 Td (loans, ) Tj ET Q q 0 0 0 rg BT 384.48 167.90 Td (which ) Tj ET Q q 0 0 0 rg BT 410.46 167.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 446.43 167.90 Td (several ) Tj ET Q q 0 0 0 rg BT 476.28 167.90 Td (advantages, ) Tj ET Q q 0 0 0 rg BT 524.74 167.90 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 155.90 Td (more ) Tj ET Q q 0 0 0 rg BT 109.06 155.90 Td (ef) Tj ET Q q 0 0 0 rg BT 116.65 155.90 Td (ficient ) Tj ET Q q 0 0 0 rg BT 145.20 155.90 Td (loan ) Tj ET Q q 0 0 0 rg BT 165.43 155.90 Td (processing, ) Tj ET Q q 0 0 0 rg BT 213.71 155.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 242.27 155.90 Td (quality ) Tj ET Q q 0 0 0 rg BT 273.05 155.90 Td (loans ) Tj ET Q q 0 0 0 rg BT 297.17 155.90 Td (and ) Tj ET Q q 0 0 0 rg BT 314.62 155.90 Td (faster ) Tj ET Q q 0 0 0 rg BT 339.84 155.90 Td (purchase ) Tj ET Q q 0 0 0 rg BT 378.39 155.90 Td (by ) Tj ET Q q 0 0 0 rg BT 391.40 155.90 Td (investors ) Tj ET Q q 0 0 0 rg BT 430.52 155.90 Td (and, ) Tj ET Q q 0 0 0 rg BT 450.47 155.90 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 492.07 155.90 Td (faster ) Tj ET Q q 0 0 0 rg BT 517.29 155.90 Td (turnover ) Tj ET Q q 0 0 0 rg BT 554.18 155.90 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 143.90 Td (lenders) Tj ET Q q 0 0 0 rg BT 116.96 143.90 Td ( ) Tj ET Q q 0 0 0 rg BT 119.46 143.90 Td (warehouse ) Tj ET Q q 0 0 0 rg BT 164.72 143.90 Td (lines.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 127.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 127.50 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.11 127.50 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.18 127.50 Td ( ) Tj ET Q q 0 0 0 rg BT 124.39 127.50 Td (program ) Tj ET Q q 0 0 0 rg BT 160.49 127.50 Td (also ) Tj ET Q q 0 0 0 rg BT 178.81 127.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 215.47 127.50 Td (the ) Tj ET Q q 0 0 0 rg BT 229.90 127.50 Td (investors ) Tj ET Q q 0 0 0 rg BT 268.23 127.50 Td (that ) Tj ET Q q 0 0 0 rg BT 285.44 127.50 Td (purchase ) Tj ET Q q 0 0 0 rg BT 323.19 127.50 Td (loans ) Tj ET Q q 0 0 0 rg BT 346.52 127.50 Td (from ) Tj ET Q q 0 0 0 rg BT 368.17 127.50 Td (the ) Tj ET Q q 0 0 0 rg BT 382.61 127.50 Td (lenders ) Tj ET Q q 0 0 0 rg BT 413.70 127.50 Td (greater ) Tj ET Q q 0 0 0 rg BT 443.67 127.50 Td (assurance ) Tj ET Q q 0 0 0 rg BT 484.75 127.50 Td (of ) Tj ET Q q 0 0 0 rg BT 495.30 127.50 Td (both ) Tj ET Q q 0 0 0 rg BT 515.30 127.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 534.73 127.50 Td (quality ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 115.50 Td (and ) Tj ET Q q 0 0 0 rg BT 102.44 115.50 Td (compliance ) Tj ET Q q 0 0 0 rg BT 151.03 115.50 Td (with ) Tj ET Q q 0 0 0 rg BT 171.31 115.50 Td (their ) Tj ET Q q 0 0 0 rg BT 192.13 115.50 Td (own ) Tj ET Q q 0 0 0 rg BT 211.85 115.50 Td (lending ) Tj ET Q q 0 0 0 rg BT 244.35 115.50 Td (requirements.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 87.50 Td (________________) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.15 73.17 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 71.32 Td (Mortgage Bankers ) Tj ET Q q 0 0 0 rg BT 143.59 71.32 Td (Association, ) Tj ET Q q 0 0 0 rg BT 195.26 71.32 Td (Annual Mortgage Bankers Performance Report 2012 Data, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 433.52 71.32 Td (Net Loan Pr) Tj ET Q q 0 0 0 rg BT 482.60 71.32 Td (oduction Income ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 61.31 Td (and Expense, $ per loan, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.42 61.31 Td (Copyright June 2013.) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 740.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.14 740.10 Td (market ) Tj ET Q q 0 0 0 rg BT 118.46 740.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 166.57 740.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 206.34 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.68 740.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 257.00 740.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 302.89 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.88 740.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 362.43 740.10 Td (divisions ) Tj ET Q q 0 0 0 rg BT 401.11 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.00 740.10 Td (many ) Tj ET Q q 0 0 0 rg BT 436.78 740.10 Td (mega ) Tj ET Q q 0 0 0 rg BT 460.99 740.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 492.43 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 509.98 740.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 554.74 740.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.88 728.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 84.93 728.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 104.87 728.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.86 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.03 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.63 728.10 Td (interact ) Tj ET Q q 0 0 0 rg BT 190.78 728.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 247.36 728.10 Td (with ) Tj ET Q q 0 0 0 rg BT 267.30 728.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 315.02 728.10 Td (users ) Tj ET Q q 0 0 0 rg BT 337.74 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.68 728.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 368.18 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 378.68 728.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 416.38 728.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 439.66 728.10 Td (processed ) Tj ET Q q 0 0 0 rg BT 481.25 728.10 Td (by ) Tj ET Q q 0 0 0 rg BT 493.42 728.10 Td (those ) Tj ET Q q 0 0 0 rg BT 516.69 728.10 Td (originators. ) Tj ET Q q 0 0 0 rg BT 565.02 728.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 89.29 716.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 111.85 716.10 Td (channels ) Tj ET Q q 0 0 0 rg BT 148.85 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.19 716.10 Td (mega ) Tj ET Q q 0 0 0 rg BT 182.86 716.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 213.75 716.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 252.96 716.10 Td (have ) Tj ET Q q 0 0 0 rg BT 273.85 716.10 Td (their ) Tj ET Q q 0 0 0 rg BT 294.19 716.10 Td (own ) Tj ET Q q 0 0 0 rg BT 313.43 716.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 359.86 716.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 379.09 716.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 424.99 716.10 Td (software, ) Tj ET Q q 0 0 0 rg BT 463.93 716.10 Td (we ) Tj ET Q q 0 0 0 rg BT 477.60 716.10 Td (have ) Tj ET Q q 0 0 0 rg BT 498.49 716.10 Td (begun ) Tj ET Q q 0 0 0 rg BT 524.94 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.74 716.10 Td (market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 704.10 Td (them ) Tj ET Q q 0 0 0 rg BT 82.27 704.10 Td (as ) Tj ET Q q 0 0 0 rg BT 93.10 704.10 Td (well.) 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BT 185.95 497.60 Td (to ) Tj ET Q q 0 0 0 rg BT 197.01 497.60 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.62 497.60 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 271.32 497.60 Td (Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.21 497.60 Td (. ) Tj ET Q q 0 0 0 rg BT 305.75 497.60 Td (W) Tj ET Q q 0 0 0 rg BT 314.39 497.60 Td (e ) Tj ET Q q 0 0 0 rg BT 322.10 497.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 354.25 497.60 Td (this ) Tj ET Q q 0 0 0 rg BT 371.98 497.60 Td (of) Tj ET Q q 0 0 0 rg BT 380.13 497.60 Td (fering ) Tj ET Q q 0 0 0 rg BT 407.29 497.60 Td (is ) Tj ET Q q 0 0 0 rg BT 417.23 497.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 466.60 497.60 Td (attractive ) Tj ET Q q 0 0 0 rg BT 507.07 497.60 Td (in ) Tj ET Q q 0 0 0 rg BT 518.13 497.60 Td (the ) Tj ET Q q 0 0 0 rg BT 533.63 497.60 Td (present ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 485.60 Td (residential ) Tj ET Q q 0 0 0 rg BT 95.29 485.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 136.20 485.60 Td (origination ) Tj ET Q q 0 0 0 rg BT 183.23 485.60 Td (market ) Tj ET Q q 0 0 0 rg BT 214.13 485.60 Td (as ) Tj ET Q q 0 0 0 rg BT 225.61 485.60 Td (it ) Tj ET Q q 0 0 0 rg BT 234.31 485.60 Td (aligns ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.34 485.60 Td (customers) Tj ET Q q 0 0 0 rg BT 304.47 485.60 Td ( ) Tj ET Q q 0 0 0 rg BT 307.62 485.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 349.08 485.60 Td (for ) Tj ET Q q 0 0 0 rg BT 363.89 485.60 Td (our ) Tj ET Q q 0 0 0 rg BT 380.36 485.60 Td (software ) Tj ET Q q 0 0 0 rg BT 417.93 485.60 Td (solutions ) Tj ET Q q 0 0 0 rg BT 457.20 485.60 Td (with ) Tj ET Q q 0 0 0 rg BT 478.12 485.60 Td (their ) Tj ET Q q 0 0 0 rg BT 499.59 485.60 Td (own ) Tj ET Q q 0 0 0 rg BT 519.95 485.60 Td (receipts ) Tj ET Q q 0 0 0 rg BT 554.19 485.60 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 473.60 Td (revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.04 473.60 Td (. ) Tj ET Q q 0 0 0 rg BT 91.56 473.60 Td (This ) Tj ET Q q 0 0 0 rg BT 112.60 473.60 Td (business ) Tj ET Q q 0 0 0 rg BT 149.75 473.60 Td (model ) Tj ET Q q 0 0 0 rg BT 178.00 473.60 Td (also ) Tj ET Q q 0 0 0 rg BT 197.37 473.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 237.27 473.60 Td (the ) Tj ET Q q 0 0 0 rg BT 252.75 473.60 Td (ef) Tj ET Q q 0 0 0 rg BT 260.33 473.60 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 295.79 473.60 Td (of ) Tj ET Q q 0 0 0 rg BT 307.38 473.60 Td (our ) Tj ET Q q 0 0 0 rg BT 323.97 473.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 346.67 473.60 Td (and ) Tj ET Q q 0 0 0 rg BT 364.36 473.60 Td (marketing ) Tj ET Q q 0 0 0 rg BT 408.16 473.60 Td (ef) Tj ET Q q 0 0 0 rg BT 415.75 473.60 Td (forts ) Tj ET Q q 0 0 0 rg BT 437.34 473.60 Td (by ) Tj ET Q q 0 0 0 rg BT 450.60 473.60 Td (allowing ) Tj ET Q q 0 0 0 rg BT 488.85 473.60 Td (us ) Tj ET Q q 0 0 0 rg BT 501.00 473.60 Td (to ) Tj ET Q q 0 0 0 rg BT 512.04 473.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 529.18 473.60 Td (multiple ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 461.60 Td (products ) Tj ET Q q 0 0 0 rg BT 86.98 461.60 Td (and ) Tj ET Q q 0 0 0 rg BT 103.46 461.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 140.21 461.60 Td (including ) Tj ET Q q 0 0 0 rg BT 180.03 461.60 Td (our ) Tj ET Q q 0 0 0 rg BT 195.40 461.60 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 217.45 461.60 Td (version ) Tj ET Q q 0 0 0 rg BT 248.93 461.60 Td (of ) Tj ET Q q 0 0 0 rg BT 259.30 461.60 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 309.39 461.60 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 356.98 461.60 Td (CenterW) Tj ET Q q 0 0 0 rg BT 392.68 461.60 Td (ise, ) Tj ET Q q 0 0 0 rg BT 408.33 461.60 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 455.92 461.60 Td (Docs ) Tj ET Q q 0 0 0 rg BT 478.52 461.60 Td (Solution, ) Tj ET Q q 0 0 0 rg BT 516.96 461.60 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 449.60 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 101.32 449.60 Td (Service ) Tj ET Q q 0 0 0 rg BT 133.81 449.60 Td (and ) Tj ET Q q 0 0 0 rg BT 150.74 449.60 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 198.79 449.60 Td (Product ) Tj ET Q q 0 0 0 rg BT 232.40 449.60 Td (and ) Tj ET Q q 0 0 0 rg BT 249.34 449.60 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 280.72 449.60 Td (Service, ) Tj ET Q q 0 0 0 rg BT 315.71 449.60 Td (to ) Tj ET Q q 0 0 0 rg BT 325.99 449.60 Td (our ) Tj ET Q q 0 0 0 rg BT 341.82 449.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 382.08 449.60 Td (lender ) Tj ET Q q 0 0 0 rg BT 409.57 449.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 452.61 449.60 Td (in ) Tj ET Q q 0 0 0 rg BT 462.89 449.60 Td (a ) Tj ET Q q 0 0 0 rg BT 469.83 449.60 Td (single ) Tj ET Q q 0 0 0 rg BT 496.22 449.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 518.16 449.60 Td (ef) Tj ET Q q 0 0 0 rg BT 525.74 449.60 Td (fort.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.50 427.70 Td (Sell ) Tj ET Q q 0 0 0 rg BT 90.02 427.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 133.67 427.70 Td (pr) Tj ET Q q 0 0 0 rg BT 142.19 427.70 Td (oducts ) Tj ET Q q 0 0 0 rg BT 170.83 427.70 Td (and ) Tj ET Q q 0 0 0 rg BT 188.35 427.70 Td (services ) Tj ET Q q 0 0 0 rg BT 223.09 427.70 Td (to ) Tj ET Q q 0 0 0 rg BT 233.40 427.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 281.48 427.70 Td (users) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.59 427.70 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 305.09 427.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.09 427.70 Td (By ) Tj ET Q q 0 0 0 rg BT 329.29 427.70 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 365.15 427.70 Td (our ) Tj ET Q q 0 0 0 rg BT 381.01 427.70 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 444.07 427.70 Td (suite ) Tj ET Q q 0 0 0 rg BT 465.49 427.70 Td (of ) Tj ET Q q 0 0 0 rg BT 476.35 427.70 Td (bundled ) Tj ET Q q 0 0 0 rg BT 511.09 427.70 Td (products ) Tj ET Q q 0 0 0 rg BT 548.06 427.70 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 415.70 Td (services, ) Tj ET Q q 0 0 0 rg BT 87.14 415.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 129.62 415.70 Td (avoid ) Tj ET Q q 0 0 0 rg BT 153.78 415.70 Td (the ) Tj ET Q q 0 0 0 rg BT 167.93 415.70 Td (risk ) Tj ET Q q 0 0 0 rg BT 184.86 415.70 Td (and ) Tj ET Q q 0 0 0 rg BT 201.24 415.70 Td (ef) Tj ET Q q 0 0 0 rg BT 208.82 415.70 Td (fort ) Tj ET Q q 0 0 0 rg BT 225.20 415.70 Td (of ) Tj ET Q q 0 0 0 rg BT 235.46 415.70 Td (cobbling ) Tj ET Q q 0 0 0 rg BT 272.39 415.70 Td (together ) Tj ET Q q 0 0 0 rg BT 307.09 415.70 Td (two ) Tj ET Q q 0 0 0 rg BT 324.03 415.70 Td (or ) Tj ET Q q 0 0 0 rg BT 334.29 415.70 Td (more ) Tj ET Q q 0 0 0 rg BT 356.77 415.70 Td (solutions ) Tj ET Q q 0 0 0 rg BT 394.83 415.70 Td (from ) Tj ET Q q 0 0 0 rg BT 416.20 415.70 Td (our ) Tj ET Q q 0 0 0 rg BT 431.47 415.70 Td (competing ) Tj ET Q q 0 0 0 rg BT 475.61 415.70 Td (vendors. ) Tj ET Q q 0 0 0 rg BT 511.57 415.70 Td (T) Tj ET Q q 0 0 0 rg BT 516.98 415.70 Td (o ) Tj ET Q q 0 0 0 rg BT 523.91 415.70 Td (the ) Tj ET Q q 0 0 0 rg BT 538.06 415.70 Td (extent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 403.70 Td (users ) Tj ET Q q 0 0 0 rg BT 73.33 403.70 Td (do ) Tj ET Q q 0 0 0 rg BT 85.62 403.70 Td (not ) Tj ET Q q 0 0 0 rg BT 100.68 403.70 Td (subscribe ) Tj ET Q q 0 0 0 rg BT 140.73 403.70 Td (to ) Tj ET Q q 0 0 0 rg BT 150.79 403.70 Td (our ) Tj ET Q q 0 0 0 rg BT 166.40 403.70 Td (bundled ) Tj ET Q q 0 0 0 rg BT 200.90 403.70 Td (of) Tj ET Q q 0 0 0 rg BT 209.05 403.70 Td (fering, ) Tj ET Q q 0 0 0 rg BT 237.71 403.70 Td (we ) Tj ET Q q 0 0 0 rg BT 251.65 403.70 Td (intend ) Tj ET Q q 0 0 0 rg BT 278.93 403.70 Td (to ) Tj ET Q q 0 0 0 rg BT 288.99 403.70 Td (encourage ) Tj ET Q q 0 0 0 rg BT 332.36 403.70 Td (use ) Tj ET Q q 0 0 0 rg BT 347.97 403.70 Td (of ) Tj ET Q q 0 0 0 rg BT 358.59 403.70 Td (more ) Tj ET Q q 0 0 0 rg BT 381.42 403.70 Td (of ) Tj ET Q q 0 0 0 rg BT 392.03 403.70 Td (the ) Tj ET Q q 0 0 0 rg BT 406.53 403.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 454.36 403.70 Td (services ) Tj ET Q q 0 0 0 rg BT 488.85 403.70 Td (we ) Tj ET Q q 0 0 0 rg BT 502.79 403.70 Td (currently ) Tj ET Q q 0 0 0 rg BT 541.17 403.70 Td (of) Tj ET Q q 0 0 0 rg BT 549.32 403.70 Td (fer) Tj ET Q q 0 0 0 rg BT 560.01 403.70 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 391.70 Td (such ) Tj ET Q q 0 0 0 rg BT 71.55 391.70 Td (as ) Tj ET Q q 0 0 0 rg BT 82.61 391.70 Td (document ) Tj ET Q q 0 0 0 rg BT 124.76 391.70 Td (preparation, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.52 391.70 Td (EDM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.74 391.70 Td (, ) Tj ET Q q 0 0 0 rg BT 202.97 391.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 251.78 391.70 Td (services, ) Tj ET Q q 0 0 0 rg BT 289.21 391.70 Td (product ) Tj ET Q q 0 0 0 rg BT 322.48 391.70 Td (and ) Tj ET Q q 0 0 0 rg BT 339.64 391.70 Td (pricing ) Tj ET Q q 0 0 0 rg BT 370.69 391.70 Td (services, ) Tj ET Q q 0 0 0 rg BT 408.12 391.70 Td (flood ) Tj ET Q q 0 0 0 rg BT 431.95 391.70 Td (services ) Tj ET Q q 0 0 0 rg BT 466.88 391.70 Td (and ) Tj ET Q q 0 0 0 rg BT 484.05 391.70 Td (website ) Tj ET Q q 0 0 0 rg BT 517.32 391.70 Td (hosting. ) Tj ET Q q 0 0 0 rg BT 551.39 391.70 Td (As ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 379.70 Td (our ) Tj ET Q q 0 0 0 rg BT 66.65 379.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 110.02 379.70 Td (opt ) Tj ET Q q 0 0 0 rg BT 125.62 379.70 Td (for ) Tj ET Q q 0 0 0 rg BT 140.10 379.70 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 196.24 379.70 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 244.05 379.70 Td (software ) Tj ET Q q 0 0 0 rg BT 281.30 379.70 Td (and ) Tj ET Q q 0 0 0 rg BT 298.56 379.70 Td (services, ) Tj ET Q q 0 0 0 rg BT 336.09 379.70 Td (we ) Tj ET Q q 0 0 0 rg BT 350.57 379.70 Td (generate ) Tj ET Q q 0 0 0 rg BT 387.25 379.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 430.06 379.70 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 470.92 379.70 Td ( ) Tj ET Q q 0 0 0 rg BT 473.54 379.70 Td (These ) Tj ET Q q 0 0 0 rg BT 500.24 379.70 Td (are ) Tj ET Q q 0 0 0 rg BT 515.27 379.70 Td (services ) Tj ET Q q 0 0 0 rg BT 550.29 379.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 367.70 Td (lender ) Tj ET Q q 0 0 0 rg BT 78.20 367.70 Td (must ) Tj ET Q q 0 0 0 rg BT 100.37 367.70 Td (use ) Tj ET Q q 0 0 0 rg BT 116.42 367.70 Td (to ) Tj ET Q q 0 0 0 rg BT 126.92 367.70 Td (originate ) Tj ET Q q 0 0 0 rg BT 165.18 367.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 189.00 367.70 Td (and ) Tj ET Q q 0 0 0 rg BT 206.16 367.70 Td (by ) Tj ET Q q 0 0 0 rg BT 218.88 367.70 Td (encouraging ) Tj ET Q q 0 0 0 rg BT 271.02 367.70 Td (our ) Tj ET Q q 0 0 0 rg BT 287.07 367.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 330.34 367.70 Td (to ) Tj ET Q q 0 0 0 rg BT 340.83 367.70 Td (use ) Tj ET Q q 0 0 0 rg BT 356.88 367.70 Td (these ) Tj ET Q q 0 0 0 rg BT 380.15 367.70 Td (through ) Tj ET Q q 0 0 0 rg BT 413.98 367.70 Td (the ) Tj ET Q q 0 0 0 rg BT 428.91 367.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 477.18 367.70 Td (platform ) Tj ET Q q 0 0 0 rg BT 514.33 367.70 Td (we ) Tj ET Q q 0 0 0 rg BT 528.71 367.70 Td (can ) Tj ET Q q 0 0 0 rg BT 545.30 367.70 Td (help ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 355.70 Td (of) Tj ET Q q 0 0 0 rg BT 58.65 355.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 72.44 355.70 Td (the ) Tj ET Q q 0 0 0 rg BT 87.35 355.70 Td (lender ) Tj ET Q q 0 0 0 rg BT 115.03 355.70 Td (greater ) Tj ET Q q 0 0 0 rg BT 145.47 355.70 Td (ef) Tj ET Q q 0 0 0 rg BT 153.06 355.70 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 187.95 355.70 Td (and ) Tj ET Q q 0 0 0 rg BT 205.08 355.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 223.88 355.70 Td (savings ) Tj ET Q q 0 0 0 rg BT 256.58 355.70 Td (and ) Tj ET Q q 0 0 0 rg BT 273.71 355.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 310.83 355.70 Td (to ) Tj ET Q q 0 0 0 rg BT 321.30 355.70 Td (drive ) Tj ET Q q 0 0 0 rg BT 344.54 355.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 387.22 355.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 421.56 355.70 Td (per ) Tj ET Q q 0 0 0 rg BT 437.02 355.70 Td (user) Tj ET Q q 0 0 0 rg BT 453.13 355.70 Td (. ) Tj ET Q q 0 0 0 rg BT 458.13 355.70 Td (W) Tj ET Q q 0 0 0 rg BT 466.76 355.70 Td (e ) Tj ET Q q 0 0 0 rg BT 473.89 355.70 Td (also ) Tj ET Q q 0 0 0 rg BT 492.69 355.70 Td (intend ) Tj ET Q q 0 0 0 rg BT 520.38 355.70 Td (to ) Tj ET Q q 0 0 0 rg BT 530.85 355.70 Td (develop ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 343.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.99 343.70 Td (products ) Tj ET Q q 0 0 0 rg BT 129.93 343.70 Td (and ) Tj ET Q q 0 0 0 rg BT 146.87 343.70 Td (services ) Tj ET Q q 0 0 0 rg BT 181.57 343.70 Td (to ) Tj ET Q q 0 0 0 rg BT 191.85 343.70 Td (sell ) Tj ET Q q 0 0 0 rg BT 208.24 343.70 Td (to ) Tj ET Q q 0 0 0 rg BT 218.52 343.70 Td (our ) Tj ET Q q 0 0 0 rg BT 234.35 343.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 282.39 343.70 Td (users. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.50 321.80 Td (Expand ) Tj ET Q q 0 0 0 rg BT 105.89 321.80 Td (the ) Tj ET Q q 0 0 0 rg BT 120.94 321.80 Td (use ) Tj ET Q q 0 0 0 rg BT 137.11 321.80 Td (of ) Tj ET Q q 0 0 0 rg BT 147.73 321.80 Td (settlement ) Tj ET Q q 0 0 0 rg BT 191.11 321.80 Td (services ) Tj ET Q q 0 0 0 rg BT 226.15 321.80 Td (on ) Tj ET Q q 0 0 0 rg BT 238.99 321.80 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 254.04 321.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 275.77 321.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 296.37 321.80 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.26 321.80 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 332.76 321.80 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.76 321.80 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.14 321.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 382.86 321.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 403.47 321.80 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.46 321.80 Td ( ) Tj ET Q q 0 0 0 rg BT 441.30 321.80 Td (provides ) Tj ET Q q 0 0 0 rg BT 478.58 321.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 519.18 321.80 Td (originators ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 309.80 Td (electronic ) Tj ET Q q 0 0 0 rg BT 92.44 309.80 Td (access ) Tj ET Q q 0 0 0 rg BT 120.50 309.80 Td (to ) Tj ET Q q 0 0 0 rg BT 130.80 309.80 Td (many ) Tj ET Q q 0 0 0 rg BT 155.54 309.80 Td (of ) Tj ET Q q 0 0 0 rg BT 166.40 309.80 Td (the ) Tj ET Q q 0 0 0 rg BT 181.14 309.80 Td (investors ) Tj ET Q q 0 0 0 rg BT 219.77 309.80 Td (and ) Tj ET Q q 0 0 0 rg BT 236.73 309.80 Td (mega ) Tj ET Q q 0 0 0 rg BT 260.91 309.80 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 294.81 309.80 Td (and ) Tj ET Q q 0 0 0 rg BT 311.77 309.80 Td (most ) Tj ET Q q 0 0 0 rg BT 333.75 309.80 Td (of ) Tj ET Q q 0 0 0 rg BT 344.60 309.80 Td (the ) Tj ET Q q 0 0 0 rg BT 359.34 309.80 Td (service ) Tj ET Q q 0 0 0 rg BT 390.18 309.80 Td (providers, ) Tj ET Q q 0 0 0 rg BT 432.97 309.80 Td (that ) Tj ET Q q 0 0 0 rg BT 450.49 309.80 Td (they ) Tj ET Q q 0 0 0 rg BT 470.23 309.80 Td (need ) Tj ET Q q 0 0 0 rg BT 491.63 309.80 Td (to ) Tj ET Q q 0 0 0 rg BT 501.93 309.80 Td (interact ) Tj ET Q q 0 0 0 rg BT 534.43 309.80 Td (with ) Tj ET Q q 0 0 0 rg BT 554.74 309.80 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 297.80 Td (order ) Tj ET Q q 0 0 0 rg BT 73.74 297.80 Td (to ) Tj ET Q q 0 0 0 rg BT 83.67 297.80 Td (process ) Tj ET Q q 0 0 0 rg BT 115.80 297.80 Td (and ) Tj ET Q q 0 0 0 rg BT 132.39 297.80 Td (fund ) Tj ET Q q 0 0 0 rg BT 152.86 297.80 Td (loans. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.61 297.80 Td (During) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.94 297.80 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.44 297.80 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.44 297.80 Td ( ) Tj ET Q q 0 0 0 rg BT 231.59 297.80 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.17 297.80 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.17 297.80 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.82 297.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 320.51 297.80 Td (users ) Tj ET Q q 0 0 0 rg BT 343.21 297.80 Td (employed ) Tj ET Q q 0 0 0 rg BT 384.79 297.80 Td (the ) Tj ET Q q 0 0 0 rg BT 399.15 297.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 420.17 297.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 440.09 297.80 Td (Network ) Tj ET Q q 0 0 0 rg BT 477.22 297.80 Td (to ) Tj ET Q q 0 0 0 rg BT 487.15 297.80 Td (process ) Tj ET Q q 0 0 0 rg BT 519.28 297.80 Td (on ) Tj ET Q q 0 0 0 rg BT 531.43 297.80 Td (average ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 285.80 Td (approximately) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.26 285.80 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.18 285.80 Td (six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.85 285.80 Td ( ) Tj ET Q q 0 0 0 rg BT 123.77 285.80 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.14 285.80 Td (five) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.68 285.80 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.61 285.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 207.29 285.80 Td (per ) Tj ET Q q 0 0 0 rg BT 221.98 285.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 241.12 285.80 Td (file, ) Tj ET Q q 0 0 0 rg BT 258.87 285.80 Td (respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.53 285.80 Td (. ) Tj ET Q q 0 0 0 rg BT 310.82 285.80 Td (These ) Tj ET Q q 0 0 0 rg BT 336.62 285.80 Td (transactions ) Tj ET Q q 0 0 0 rg BT 386.30 285.80 Td (included ) Tj ET Q q 0 0 0 rg BT 422.66 285.80 Td (electronic ) Tj ET Q q 0 0 0 rg BT 464.00 285.80 Td (ordering ) Tj ET Q q 0 0 0 rg BT 499.80 285.80 Td (of ) Tj ET Q q 0 0 0 rg BT 510.05 285.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 534.74 285.80 Td (reports ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 273.80 Td (and ) Tj ET Q q 0 0 0 rg BT 68.19 273.80 Td (accessing ) Tj ET Q q 0 0 0 rg BT 109.75 273.80 Td (the ) Tj ET Q q 0 0 0 rg BT 125.22 273.80 Td (automatic ) Tj ET Q q 0 0 0 rg BT 167.89 273.80 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 222.80 273.80 Td (systems ) Tj ET Q q 0 0 0 rg BT 257.72 273.80 Td (of ) Tj ET Q q 0 0 0 rg BT 269.29 273.80 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 299.76 273.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 320.78 273.80 Td (and ) Tj ET Q q 0 0 0 rg BT 338.46 273.80 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 372.26 273.80 Td (Mac. ) Tj ET Q q 0 0 0 rg BT 395.78 273.80 Td (Electronic ) Tj ET Q q 0 0 0 rg BT 440.11 273.80 Td (interaction ) Tj ET Q q 0 0 0 rg BT 486.12 273.80 Td (over ) Tj ET Q q 0 0 0 rg BT 507.14 273.80 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.60 273.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 544.73 273.80 Td (Mae ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 261.80 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.49 261.80 Td ( ) Tj ET Q q 0 0 0 rg BT 87.82 261.80 Td (is ) Tj ET Q q 0 0 0 rg BT 96.82 261.80 Td (less ) Tj ET Q q 0 0 0 rg BT 114.14 261.80 Td (frequent ) Tj ET Q q 0 0 0 rg BT 149.79 261.80 Td (with ) Tj ET Q q 0 0 0 rg BT 169.89 261.80 Td (other ) Tj ET Q q 0 0 0 rg BT 192.77 261.80 Td (service ) Tj ET Q q 0 0 0 rg BT 223.41 261.80 Td (providers, ) Tj ET Q q 0 0 0 rg BT 266.01 261.80 Td (such ) Tj ET Q q 0 0 0 rg BT 286.67 261.80 Td (as ) Tj ET Q q 0 0 0 rg BT 297.33 261.80 Td (appraisers ) Tj ET Q q 0 0 0 rg BT 340.19 261.80 Td (and ) Tj ET Q q 0 0 0 rg BT 356.96 261.80 Td (title ) Tj ET Q q 0 0 0 rg BT 374.84 261.80 Td (and ) Tj ET Q q 0 0 0 rg BT 391.60 261.80 Td (flood ) Tj ET Q q 0 0 0 rg BT 415.04 261.80 Td (reporting ) Tj ET Q q 0 0 0 rg BT 454.02 261.80 Td (companies. ) Tj ET Q q 0 0 0 rg BT 501.45 261.80 Td (W) Tj ET Q q 0 0 0 rg BT 510.09 261.80 Td (e ) Tj ET Q q 0 0 0 rg BT 516.85 261.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 548.05 261.80 Td (this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 249.80 Td (usage ) Tj ET Q q 0 0 0 rg BT 75.73 249.80 Td (is ) Tj ET Q q 0 0 0 rg BT 84.86 249.80 Td (lower ) Tj ET Q q 0 0 0 rg BT 110.09 249.80 Td (in ) Tj ET Q q 0 0 0 rg BT 120.33 249.80 Td (part ) Tj ET Q q 0 0 0 rg BT 138.34 249.80 Td (because ) Tj ET Q q 0 0 0 rg BT 172.45 249.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 215.46 249.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 246.80 249.80 Td (that ) Tj ET Q q 0 0 0 rg BT 264.25 249.80 Td (the ) Tj ET Q q 0 0 0 rg BT 278.93 249.80 Td (electronic ) Tj ET Q q 0 0 0 rg BT 320.81 249.80 Td (solutions ) Tj ET Q q 0 0 0 rg BT 359.39 249.80 Td (provided ) Tj ET Q q 0 0 0 rg BT 397.40 249.80 Td (by ) Tj ET Q q 0 0 0 rg BT 409.87 249.80 Td (settlement ) Tj ET Q q 0 0 0 rg BT 453.43 249.80 Td (service ) Tj ET Q q 0 0 0 rg BT 484.21 249.80 Td (entities ) Tj ET Q q 0 0 0 rg BT 515.55 249.80 Td (do ) Tj ET Q q 0 0 0 rg BT 528.01 249.80 Td (not ) Tj ET Q q 0 0 0 rg BT 543.25 249.80 Td (of) Tj ET Q q 0 0 0 rg BT 551.40 249.80 Td (fer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 237.80 Td (electronic ) Tj ET Q q 0 0 0 rg BT 92.00 237.80 Td (solutions ) Tj ET Q q 0 0 0 rg BT 130.20 237.80 Td (superior ) Tj ET Q q 0 0 0 rg BT 165.04 237.80 Td (to ) Tj ET Q q 0 0 0 rg BT 174.90 237.80 Td (traditional ) Tj ET Q q 0 0 0 rg BT 218.08 237.80 Td (processes. ) Tj ET Q q 0 0 0 rg BT 260.83 237.80 Td (W) Tj ET Q q 0 0 0 rg BT 269.46 237.80 Td (e ) Tj ET Q q 0 0 0 rg BT 275.98 237.80 Td (intend ) Tj ET Q q 0 0 0 rg BT 303.06 237.80 Td (to ) Tj ET Q q 0 0 0 rg BT 312.91 237.80 Td (encourage ) Tj ET Q q 0 0 0 rg BT 356.08 237.80 Td (providers ) Tj ET Q q 0 0 0 rg BT 395.92 237.80 Td (of ) Tj ET Q q 0 0 0 rg BT 406.33 237.80 Td (settlement ) Tj ET Q q 0 0 0 rg BT 449.51 237.80 Td (services, ) Tj ET Q q 0 0 0 rg BT 486.30 237.80 Td (such ) Tj ET Q q 0 0 0 rg BT 506.71 237.80 Td (as ) Tj ET Q q 0 0 0 rg BT 517.12 237.80 Td (title ) Tj ET Q q 0 0 0 rg BT 534.75 237.80 Td (reports ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 225.80 Td (and ) Tj ET Q q 0 0 0 rg BT 67.44 225.80 Td (appraisals, ) Tj ET Q q 0 0 0 rg BT 112.42 225.80 Td (to ) Tj ET Q q 0 0 0 rg BT 122.69 225.80 Td (deliver ) Tj ET Q q 0 0 0 rg BT 152.95 225.80 Td (these ) Tj ET Q q 0 0 0 rg BT 176.00 225.80 Td (services ) Tj ET Q q 0 0 0 rg BT 210.70 225.80 Td (electronically ) Tj ET Q q 0 0 0 rg BT 267.61 225.80 Td (through ) Tj ET Q q 0 0 0 rg BT 301.21 225.80 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.93 225.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 337.31 225.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 357.57 225.80 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.56 225.80 Td ( ) Tj ET Q q 0 0 0 rg BT 395.06 225.80 Td (as ) Tj ET Q q 0 0 0 rg BT 405.89 225.80 Td (such ) Tj ET Q q 0 0 0 rg BT 426.71 225.80 Td (solutions ) Tj ET Q q 0 0 0 rg BT 465.33 225.80 Td (improve ) Tj ET Q q 0 0 0 rg BT 501.15 225.80 Td (over ) Tj ET Q q 0 0 0 rg BT 521.41 225.80 Td (traditional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 213.80 Td (processes.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.50 191.90 Td (Sell ) Tj ET Q q 0 0 0 rg BT 91.15 191.90 Td (enhanced ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 133.12 191.90 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 155.66 191.90 Td (Mae ) Tj ET Q q 0 0 0 rg BT 177.09 191.90 Td (Network) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 210.97 191.90 Td ( ) Tj ET Q q 0 0 0 rg BT 214.63 191.90 Td (offerings ) Tj ET Q q 0 0 0 rg BT 253.84 191.90 Td (to ) Tj ET Q q 0 0 0 rg BT 265.28 191.90 Td (investors, ) Tj ET Q q 0 0 0 rg BT 307.54 191.90 Td (lenders ) Tj ET Q q 0 0 0 rg BT 340.64 191.90 Td (and ) Tj ET Q q 0 0 0 rg BT 359.29 191.90 Td (service ) Tj ET Q q 0 0 0 rg BT 391.26 191.90 Td (pr) Tj ET Q q 0 0 0 rg BT 399.78 191.90 Td (oviders.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.72 191.90 Td (W) Tj ET Q q 0 0 0 rg BT 450.36 191.90 Td (e ) Tj ET Q q 0 0 0 rg BT 458.46 191.90 Td (intend ) Tj ET Q q 0 0 0 rg BT 487.11 191.90 Td (to ) Tj ET Q q 0 0 0 rg BT 498.54 191.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 536.63 191.90 Td (to ) Tj ET Q q 0 0 0 rg BT 548.07 191.90 Td (add ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 179.90 Td (functionality ) Tj ET Q q 0 0 0 rg BT 104.09 179.90 Td (and ) Tj ET Q q 0 0 0 rg BT 121.02 179.90 Td (services ) Tj ET Q q 0 0 0 rg BT 155.72 179.90 Td (to ) Tj ET Q q 0 0 0 rg BT 165.99 179.90 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.70 179.90 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 202.07 179.90 Td (Mae ) Tj ET Q q 0 0 0 rg BT 222.33 179.90 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.32 179.90 Td ( ) Tj ET Q q 0 0 0 rg BT 259.81 179.90 Td (so ) Tj ET Q q 0 0 0 rg BT 271.20 179.90 Td (investors, ) Tj ET Q q 0 0 0 rg BT 312.30 179.90 Td (lenders ) Tj ET Q q 0 0 0 rg BT 343.67 179.90 Td (and ) Tj ET Q q 0 0 0 rg BT 360.60 179.90 Td (service ) Tj ET Q q 0 0 0 rg BT 391.40 179.90 Td (providers ) Tj ET Q q 0 0 0 rg BT 431.66 179.90 Td (can ) Tj ET Q q 0 0 0 rg BT 448.03 179.90 Td (more ) Tj ET Q q 0 0 0 rg BT 471.07 179.90 Td (ef) Tj ET Q q 0 0 0 rg BT 478.66 179.90 Td (fectively ) Tj ET Q q 0 0 0 rg BT 516.13 179.90 Td (do ) Tj ET Q q 0 0 0 rg BT 528.62 179.90 Td (business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 167.90 Td (with ) Tj ET Q q 0 0 0 rg BT 70.91 167.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 111.31 167.90 Td (originators ) Tj ET Q q 0 0 0 rg BT 157.27 167.90 Td (using ) Tj ET Q q 0 0 0 rg BT 181.57 167.90 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 232.06 167.90 Td (W) Tj ET Q q 0 0 0 rg BT 240.70 167.90 Td (e ) Tj ET Q q 0 0 0 rg BT 247.77 167.90 Td (introduced ) Tj ET Q q 0 0 0 rg BT 293.17 167.90 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.94 167.90 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.01 167.90 Td ( ) Tj ET Q q 0 0 0 rg BT 330.64 167.90 Td (program ) Tj ET Q q 0 0 0 rg BT 367.15 167.90 Td (in ) Tj ET Q q 0 0 0 rg BT 377.56 167.90 Td (201) Tj ET Q q 0 0 0 rg BT 392.19 167.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 399.82 167.90 Td (and ) Tj ET Q q 0 0 0 rg BT 416.90 167.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 453.96 167.90 Td (to ) Tj ET Q q 0 0 0 rg BT 464.37 167.90 Td (work ) Tj ET Q q 0 0 0 rg BT 487.56 167.90 Td (to ) Tj ET Q q 0 0 0 rg BT 497.97 167.90 Td (add ) Tj ET Q q 0 0 0 rg BT 515.04 167.90 Td (more ) Tj ET Q q 0 0 0 rg BT 538.22 167.90 Td (of ) Tj ET Q q 0 0 0 rg BT 549.19 167.90 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 155.90 Td (lender ) Tj ET Q q 0 0 0 rg BT 78.57 155.90 Td (and ) Tj ET Q q 0 0 0 rg BT 96.08 155.90 Td (investor ) Tj ET Q q 0 0 0 rg BT 131.38 155.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 175.01 155.90 Td (to ) Tj ET Q q 0 0 0 rg BT 185.87 155.90 Td (this ) Tj ET Q q 0 0 0 rg BT 203.39 155.90 Td (program. ) Tj ET Q q 0 0 0 rg BT 242.85 155.90 Td ( ) Tj ET Q q 0 0 0 rg BT 245.93 155.90 Td (Investors ) Tj ET Q q 0 0 0 rg BT 285.67 155.90 Td (and ) Tj ET Q q 0 0 0 rg BT 303.19 155.90 Td (lenders ) Tj ET Q q 0 0 0 rg BT 335.15 155.90 Td (can ) Tj ET Q q 0 0 0 rg BT 352.10 155.90 Td (populate ) Tj ET Q q 0 0 0 rg BT 389.62 155.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 430.46 155.90 Td (originators) Tj ET Q q 0 0 0 rg BT 476.38 155.90 Td ( ) Tj ET Q q 0 0 0 rg BT 479.46 155.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 528.08 155.90 Td (software ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 143.90 Td (with ) Tj ET Q q 0 0 0 rg BT 71.17 143.90 Td (specific ) Tj ET Q q 0 0 0 rg BT 105.15 143.90 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 156.63 143.90 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 211.17 143.90 Td (and ) Tj ET Q q 0 0 0 rg BT 228.50 143.90 Td (documentation ) Tj ET Q q 0 0 0 rg BT 290.82 143.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 345.91 143.90 Td (for ) Tj ET Q q 0 0 0 rg BT 360.46 143.90 Td (loans ) Tj ET Q q 0 0 0 rg BT 384.46 143.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 406.79 143.90 Td (to ) Tj ET Q q 0 0 0 rg BT 417.46 143.90 Td (delivery ) Tj ET Q q 0 0 0 rg BT 453.11 143.90 Td (in ) Tj ET Q q 0 0 0 rg BT 463.78 143.90 Td (order ) Tj ET Q q 0 0 0 rg BT 487.77 143.90 Td (to ) Tj ET Q q 0 0 0 rg BT 498.43 143.90 Td (screen ) Tj ET Q q 0 0 0 rg BT 526.86 143.90 Td (loans ) Tj ET Q q 0 0 0 rg BT 550.86 143.90 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 131.90 Td (quality ) Tj ET Q q 0 0 0 rg BT 80.77 131.90 Td (and ) Tj ET Q q 0 0 0 rg BT 97.71 131.90 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 141.31 131.90 Td (compliance.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.50 110.00 Td (Acquisitions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.44 110.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 153.74 110.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 190.26 110.00 Td (is ) Tj ET Q q 0 0 0 rg BT 200.67 110.00 Td (highly ) Tj ET Q q 0 0 0 rg BT 229.97 110.00 Td (fragmented, ) Tj ET Q q 0 0 0 rg BT 281.74 110.00 Td (and ) Tj ET Q q 0 0 0 rg BT 299.92 110.00 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.32 110.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 347.94 110.00 Td (there ) Tj ET Q q 0 0 0 rg BT 371.66 110.00 Td (are ) Tj ET Q q 0 0 0 rg BT 387.61 110.00 Td (strategic ) Tj ET Q q 0 0 0 rg BT 425.23 110.00 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 481.74 110.00 Td (available ) Tj ET Q q 0 0 0 rg BT 521.57 110.00 Td (to ) Tj ET Q q 0 0 0 rg BT 533.09 110.00 Td (acquire ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 98.00 Td (competing ) Tj ET Q q 0 0 0 rg BT 95.42 98.00 Td (software ) Tj ET Q q 0 0 0 rg BT 132.56 98.00 Td (companies ) Tj ET Q q 0 0 0 rg BT 178.03 98.00 Td (or ) Tj ET Q q 0 0 0 rg BT 189.06 98.00 Td (software ) Tj ET Q q 0 0 0 rg BT 226.20 98.00 Td (providers ) Tj ET Q q 0 0 0 rg BT 266.68 98.00 Td (that ) Tj ET Q q 0 0 0 rg BT 284.38 98.00 Td (of) Tj ET Q q 0 0 0 rg BT 292.53 98.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 306.33 98.00 Td (related ) Tj ET Q q 0 0 0 rg BT 336.24 98.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 376.72 98.00 Td (origination ) Tj ET Q q 0 0 0 rg BT 423.31 98.00 Td (functionality ) Tj ET Q q 0 0 0 rg BT 477.11 98.00 Td (that ) Tj ET Q q 0 0 0 rg BT 494.81 98.00 Td (will ) Tj ET Q q 0 0 0 rg BT 513.08 98.00 Td (complement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 86.00 Td (and ) Tj ET Q q 0 0 0 rg BT 68.23 86.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 104.28 86.00 Td (the ) Tj ET Q q 0 0 0 rg BT 119.79 86.00 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 177.50 86.00 Td (of ) Tj ET Q q 0 0 0 rg BT 189.12 86.00 Td (Encompass) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.67 86.00 Td (. ) Tj ET Q q 0 0 0 rg BT 240.46 86.00 Td (For ) Tj ET Q q 0 0 0 rg BT 257.64 86.00 Td (example, ) Tj ET Q q 0 0 0 rg BT 297.31 86.00 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.38 86.00 Td (January ) Tj ET Q q 0 0 0 rg BT 342.77 86.00 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.77 86.00 Td (, ) Tj ET Q q 0 0 0 rg BT 368.56 86.00 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.52 86.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 421.23 86.00 Td (substantially ) Tj ET Q q 0 0 0 rg BT 475.08 86.00 Td (all ) Tj ET Q q 0 0 0 rg BT 488.36 86.00 Td (the ) Tj ET Q q 0 0 0 rg BT 503.87 86.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 530.50 86.00 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.83 86.00 Td ( ) Tj ET Q q 0 0 0 rg BT 541.39 86.00 Td (ARG ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 74.00 Td (Interactive, ) Tj ET Q q 0 0 0 rg BT 97.87 74.00 Td (LLC ) Tj ET Q q 0 0 0 rg BT 118.87 74.00 Td (\(dba ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.76 74.00 Td (MortgageCEO) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.64 74.00 Td (\), ) Tj ET Q q 0 0 0 rg BT 205.59 74.00 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.04 74.00 Td (MortgageCEO) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.91 74.00 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.53 74.00 Td (a ) Tj ET Q q 0 0 0 rg BT 286.09 74.00 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 308.21 74.00 Td (company ) Tj ET Q q 0 0 0 rg BT 346.98 74.00 Td (specializing ) Tj ET Q q 0 0 0 rg BT 396.86 74.00 Td (in ) Tj ET Q q 0 0 0 rg BT 406.76 74.00 Td (customer ) Tj ET Q q 0 0 0 rg BT 445.53 74.00 Td (relationship ) Tj ET Q q 0 0 0 rg BT 494.87 74.00 Td (management ) Tj ET Q q 0 0 0 rg BT 548.07 74.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 62.00 Td (marketing ) Tj ET Q q 0 0 0 rg BT 93.23 62.00 Td (solutions ) Tj ET Q q 0 0 0 rg BT 131.54 62.00 Td (for ) Tj ET Q q 0 0 0 rg BT 145.39 62.00 Td (the ) Tj ET Q q 0 0 0 rg BT 159.80 62.00 Td (residential ) Tj ET Q q 0 0 0 rg BT 203.64 62.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 243.60 62.00 Td (industry) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.38 62.00 Td (; ) Tj ET Q q 0 0 0 rg BT 281.35 62.00 Td (in ) Tj ET Q q 0 0 0 rg BT 291.32 62.00 Td (January ) Tj ET Q q 0 0 0 rg BT 324.61 62.00 Td (201) Tj ET Q q 0 0 0 rg BT 339.24 62.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 348.93 62.00 Td (we ) Tj ET Q q 0 0 0 rg BT 362.78 62.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 399.39 62.00 Td (and ) Tj ET Q q 0 0 0 rg BT 416.02 62.00 Td (integrated ) Tj ET Q q 0 0 0 rg BT 458.20 62.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 487.59 62.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 513.11 62.00 Td (of ) Tj ET Q q 0 0 0 rg BT 523.63 62.00 Td (Mortgage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.50 50.00 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 81.90 50.00 Td (System, ) Tj ET Q q 0 0 0 rg BT 116.36 50.00 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 140.26 50.00 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.10 50.00 Td (MPS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.12 50.00 Td (, ) Tj ET Q q 0 0 0 rg BT 176.13 50.00 Td (to ) Tj ET Q q 0 0 0 rg BT 186.42 50.00 Td (introduce ) Tj ET Q q 0 0 0 rg BT 226.69 50.00 Td (our ) Tj ET Q q 0 0 0 rg BT 242.54 50.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 290.60 50.00 Td (Product ) Tj ET Q q 0 0 0 rg BT 324.22 50.00 Td (and ) Tj ET Q q 0 0 0 rg BT 341.17 50.00 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 372.57 50.00 Td (Service; 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.42 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.74 716.10 Td (W) Tj ET Q q 0 0 0 rg BT 228.38 716.10 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.32 716.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 262.81 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.09 716.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 310.03 716.10 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 347.53 716.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 390.02 716.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 426.39 716.10 Td (acquisitions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.16 716.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 689.80 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.87 689.80 Td (oducts ) Tj ET Q q 0 0 0 rg BT 90.15 689.80 Td (and ) Tj ET Q q 0 0 0 rg BT 108.77 689.80 Td (Services) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 673.40 Td (Encompass) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 657.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 120.86 657.00 Td (is ) Tj ET Q q 0 0 0 rg BT 130.33 657.00 Td (our ) Tj ET Q q 0 0 0 rg BT 146.47 657.00 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 193.71 657.00 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 257.05 657.00 Td (software ) Tj ET Q q 0 0 0 rg BT 294.29 657.00 Td (solution ) Tj ET Q q 0 0 0 rg BT 329.32 657.00 Td (that ) Tj ET Q q 0 0 0 rg BT 347.13 657.00 Td (combines ) Tj ET Q q 0 0 0 rg BT 388.26 657.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 408.29 657.00 Td (origination, ) Tj ET Q q 0 0 0 rg BT 457.48 657.00 Td (business ) Tj ET Q q 0 0 0 rg BT 494.18 657.00 Td (management ) Tj ET Q q 0 0 0 rg BT 548.08 657.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 645.00 Td (customer ) Tj ET Q q 0 0 0 rg BT 89.50 645.00 Td (relationship ) Tj ET Q q 0 0 0 rg BT 140.05 645.00 Td (management ) Tj ET Q q 0 0 0 rg BT 194.48 645.00 Td (software ) Tj ET Q q 0 0 0 rg BT 232.24 645.00 Td (for ) Tj ET Q q 0 0 0 rg BT 247.24 645.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 288.35 645.00 Td (originators ) Tj ET Q q 0 0 0 rg BT 335.01 645.00 Td (into ) Tj ET Q q 0 0 0 rg BT 353.91 645.00 Td (one ) Tj ET Q q 0 0 0 rg BT 371.69 645.00 Td (end-to-end ) Tj ET Q q 0 0 0 rg BT 418.34 645.00 Td (system, ) Tj ET Q q 0 0 0 rg BT 451.96 645.00 Td (and ) Tj ET Q q 0 0 0 rg BT 469.74 645.00 Td (also ) Tj ET Q q 0 0 0 rg BT 489.19 645.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 526.97 645.00 Td (seamless ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 633.00 Td (access ) Tj ET Q q 0 0 0 rg BT 77.53 633.00 Td (to ) Tj ET Q q 0 0 0 rg BT 87.80 633.00 Td (the ) Tj ET Q q 0 0 0 rg BT 102.50 633.00 Td (investors, ) Tj ET Q q 0 0 0 rg BT 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(process ) Tj ET Q q 0 0 0 rg BT 190.15 621.00 Td (and ) Tj ET Q q 0 0 0 rg BT 207.27 621.00 Td (facilitates ) Tj ET Q q 0 0 0 rg BT 248.81 621.00 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 304.24 621.00 Td (among ) Tj ET Q q 0 0 0 rg BT 334.13 621.00 Td (internal ) Tj ET Q q 0 0 0 rg BT 367.34 621.00 Td (departments ) Tj ET Q q 0 0 0 rg BT 418.89 621.00 Td (of ) Tj ET Q q 0 0 0 rg BT 429.89 621.00 Td (a ) Tj ET Q q 0 0 0 rg BT 437.00 621.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 477.44 621.00 Td (origination ) Tj ET Q q 0 0 0 rg BT 524.00 621.00 Td (company) Tj ET Q q 0 0 0 rg BT 560.00 621.00 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 609.00 Td (It ) Tj ET Q q 0 0 0 rg BT 58.63 609.00 Td (supports ) Tj ET Q q 0 0 0 rg BT 95.55 609.00 Td (ef) Tj ET Q q 0 0 0 rg BT 103.14 609.00 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 138.36 609.00 Td (in ) Tj ET Q q 0 0 0 rg BT 149.16 609.00 Td (gathering, ) Tj ET Q q 0 0 0 rg BT 192.45 609.00 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 235.46 609.00 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597.00 Td (to ) Tj ET Q q 0 0 0 rg BT 327.45 597.00 Td (ensure ) Tj ET Q q 0 0 0 rg BT 356.24 597.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 376.15 597.00 Td (quality) Tj ET Q q 0 0 0 rg BT 403.27 597.00 Td (, ) Tj ET Q q 0 0 0 rg BT 408.47 597.00 Td (adherence ) Tj ET Q q 0 0 0 rg BT 451.68 597.00 Td (to ) Tj ET Q q 0 0 0 rg BT 462.15 597.00 Td (processing ) Tj ET Q q 0 0 0 rg BT 507.62 597.00 Td (standards ) Tj ET Q q 0 0 0 rg BT 548.08 597.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 585.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 92.21 585.00 Td (compliance. ) Tj ET Q q 0 0 0 rg BT 142.30 585.00 Td (The ) Tj ET Q q 0 0 0 rg BT 159.46 585.00 Td (core ) Tj ET Q q 0 0 0 rg BT 178.28 585.00 Td (architecture ) Tj ET Q q 0 0 0 rg BT 227.09 585.00 Td (of ) Tj ET Q q 0 0 0 rg BT 237.03 585.00 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 284.20 585.00 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 314.70 585.00 Td (a ) Tj ET Q q 0 0 0 rg BT 320.75 585.00 Td (single ) Tj ET Q q 0 0 0 rg BT 346.25 585.00 Td (database ) Tj ET Q q 0 0 0 rg BT 382.29 585.00 Td (that ) Tj ET Q q 0 0 0 rg BT 398.90 585.00 Td (is ) Tj ET Q q 0 0 0 rg BT 407.19 585.00 Td (accessible ) Tj ET Q q 0 0 0 rg BT 449.34 585.00 Td (to ) Tj ET Q q 0 0 0 rg BT 458.73 585.00 Td (all ) Tj ET Q q 0 0 0 rg BT 470.35 585.00 Td (participants ) Tj ET Q q 0 0 0 rg BT 518.61 585.00 Td (throughout ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 573.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 573.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 104.48 573.00 Td (origination ) Tj ET Q q 0 0 0 rg BT 150.86 573.00 Td (process.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 551.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 120.55 551.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 157.49 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.20 551.10 Td (following ) Tj ET Q q 0 0 0 rg BT 213.59 551.10 Td (features ) Tj ET Q q 0 0 0 rg BT 247.73 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.67 551.10 Td (benefits:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 525.6 m 187 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 525.6 m 201 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 525.6 m 563 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 525.6 m 187 525.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 530.28 Td (Feature) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 193.50 530.28 Td (Benefits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 516.17 Td (Customer Acquisition and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.50 506.17 Td (Relationship Management) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 516.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 516.17 Td (Sales and marketing tools to help acquire and grow new business and pre-qualify) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 506.17 Td (prospective borrowers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 491.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 491.17 Td (Integration to custom branded websites to help attract new borrowers and create new) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 481.17 Td (loans through an online application that flows directly into the Encompass loan pipeline.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 466.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 466.17 Td (Automatic lead follow-up and customer retention through campaign management) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 456.17 Td (capabilities that allow design and execution of multi-step marketing campaigns.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 441.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 441.17 Td (Pre-qualification tools to start loan applications, access integrated pricing engines and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 431.17 Td (easily find appropriate loan products and prices for a borrower.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 416.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 416.17 Td (Automatic status updates posted to a branded website to keep customers and their real) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 406.17 Td (estate and other designated agents informed throughout the loan process.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 391.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 391.17 Td (Tools used to track the effectiveness of marketing and relationship building activities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.50 376.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 361.17 Td (Processing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 361.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 361.17 Td (Configurable pipeline, forms and workflow enable faster loan processing, reduced errors) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 351.17 Td (and more efficient business operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 336.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 336.17 Td (Support for multiple business channels using configurable workflows) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 311.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 311.17 Td (Alert management allows focus on urgent and relevant issues.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 296.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 296.17 Td (Collaboration tools keep stakeholders informed and reduce need to manually update) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 286.17 Td (other employees, partners and borrowers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 271.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 271.17 Td (Seamless access to electronic document management simplifies document handling and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 261.17 Td (increases data security.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 246.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.50 246.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 231.17 Td (Risk Management and Business) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.50 221.17 Td (Reporting) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 231.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 231.17 Td (Centralization of all business data and electronic images.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 206.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 206.17 Td (Built-in rules and safeguards to set and enforce business practices.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 191.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 191.17 Td (Management dashboards highlighting key performance indicators.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 176.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 176.17 Td (Predefined reports provide out-of-the-box intelligence and can be modified with a) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 166.17 Td (custom report writer.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 151.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.50 151.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 136.17 Td (Connectivity, Personalization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.50 126.17 Td (and Integration) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 136.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 136.17 Td (Seamless and secure connections to thousands of service providers and investors on the) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 126.17 Td (Ellie Mae Network.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 110.72 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 110.72 Td (Workflow management to define customer-specific business processes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 95.72 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 95.72 Td (User-defined experience through a personalized homepage.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 75.72 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 80.72 Td (Integration with third-party applications through a software development kit to leverage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 70.72 Td (existing technology investments.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 33.60 Td (8) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 730.5 m 187 730.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 730.5 m 201 730.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 730.5 m 563 730.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 735.18 Td (Feature) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 193.50 735.18 Td (Benefits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 721.07 Td (Underwriting) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 715.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 720.62 Td (Collaborate with all origination team members to respond effectively to underwriting) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 710.62 Td (requests and track underwriting conditions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 690.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 695.62 Td (Communicate loan conditions, request and receive mortgage documents and track) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 685.62 Td (conditions and documents in a single system.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 665.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 670.62 Td (Access electronic copies of borrower documents within the loan file and compare them) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 660.62 Td (with actual loan data to reduce risk of data inconsistencies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 646.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 631.07 Td (Secondary Marketing and Trade) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 621.07 Td (Management) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 625.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 625.62 Td (Manage lock requests and accurately track buy-side and sell-side pricing.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 605.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 605.62 Td (Allocate loans that qualify for trades, track progress and capture key trade details.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 590.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 590.62 Td (Alerts provide notification of deadlines to help avoid late-delivery fees.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 576.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 561.07 Td (Closing and Funding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 555.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 560.62 Td (Enter closing data, perform audits and order closing documents all within a single loan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 550.62 Td (file.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 530.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 535.62 Td (Closing data populates funding worksheets, helping to reduce errors and enable faster) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 525.62 Td (funding.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 511.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 496.07 Td (Post-Closing, Shipping and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 486.07 Td (Delivery) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 490.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 490.62 Td (Comprehensive tracking, fulfillment and shipping of loan package.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 470.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 470.62 Td (Tools to manage interim servicing before selling loans to investors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 456.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 441.07 Td (Advanced Customization and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 431.07 Td (Business Rule Management) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 435.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 440.62 Td (Enterprise-level functionality for higher level security, more granular control of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 430.62 Td (processes and flexible customization of the software.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 415.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 415.62 Td (Comprehensive control over workflow, business rules, processes and user groups.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 399.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 377.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 114.08 377.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 160.10 377.10 Td (can ) Tj ET Q q 0 0 0 rg BT 176.68 377.10 Td (subscribe ) Tj ET Q q 0 0 0 rg BT 217.14 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.62 377.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 250.32 377.10 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 301.07 377.10 Td (an ) Tj ET Q q 0 0 0 rg BT 313.21 377.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 360.89 377.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 395.82 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 413.51 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 427.87 377.10 Td (host ) Tj ET Q q 0 0 0 rg BT 447.24 377.10 Td (which ) Tj ET Q q 0 0 0 rg BT 474.38 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.29 377.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 528.65 377.10 Td (accesses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (through ) Tj ET Q q 0 0 0 rg BT 83.30 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.22 365.10 Td (Internet. ) Tj ET Q q 0 0 0 rg BT 134.50 365.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 176.08 365.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 222.10 365.10 Td (using ) Tj ET Q q 0 0 0 rg BT 246.46 365.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 269.16 365.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 317.40 365.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 334.53 365.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 370.56 365.10 Td (per) Tj ET Q q 0 0 0 rg BT 383.13 365.10 Td (-user ) Tj ET Q q 0 0 0 rg BT 405.82 365.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 457.40 365.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 476.19 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.22 365.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 506.01 365.10 Td (based ) Tj ET Q q 0 0 0 rg BT 531.48 365.10 Td (on ) Tj ET Q q 0 0 0 rg BT 544.17 365.10 Td (their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 85.13 353.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 104.65 353.10 Td (volume, ) Tj ET Q q 0 0 0 rg BT 139.44 353.10 Td (either ) Tj ET Q q 0 0 0 rg BT 164.51 353.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 207.34 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 217.97 353.10 Td (as ) Tj ET Q q 0 0 0 rg BT 228.59 353.10 Td (a ) Tj ET Q q 0 0 0 rg BT 235.33 353.10 Td (bundled ) Tj ET Q q 0 0 0 rg BT 269.85 353.10 Td (package, ) Tj ET Q q 0 0 0 rg BT 307.40 353.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 338.02 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.10 353.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 383.74 353.10 Td (base ) Tj ET Q q 0 0 0 rg BT 403.80 353.10 Td (fees. ) Tj ET Q q 0 0 0 rg BT 424.53 353.10 Td (This ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.61 353.10 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 506.34 353.10 Td (Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.23 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 537.52 353.10 Td (model ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (also ) Tj ET Q q 0 0 0 rg BT 68.11 341.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 103.93 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 119.76 341.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 167.81 341.10 Td (Docs ) Tj ET Q q 0 0 0 rg BT 190.86 341.10 Td (Solution ) Tj ET Q q 0 0 0 rg BT 227.26 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.20 341.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 292.24 341.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 343.06 341.10 Td (Services.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 314.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 99.23 314.80 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 140.64 314.80 Td (and ) Tj ET Q q 0 0 0 rg BT 158.70 314.80 Td (Services) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 292.90 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 112.48 292.90 Td (of) Tj ET Q q 0 0 0 rg BT 120.63 292.90 Td (fered ) Tj ET Q q 0 0 0 rg BT 143.36 292.90 Td (within ) Tj ET Q q 0 0 0 rg BT 171.11 292.90 Td (our ) Tj ET Q q 0 0 0 rg BT 186.63 292.90 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 233.80 292.90 Td (platform ) Tj ET Q q 0 0 0 rg BT 270.43 292.90 Td (include ) Tj ET Q q 0 0 0 rg BT 302.05 292.90 Td (the ) Tj ET Q q 0 0 0 rg BT 316.46 292.90 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 337.54 292.90 Td (Mae ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.34 292.90 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.40 292.90 Td ( ) Tj ET Q q 0 0 0 rg BT 378.60 292.90 Td (Program, ) Tj ET Q q 0 0 0 rg BT 417.73 292.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 465.46 292.90 Td (CenterW) Tj ET Q q 0 0 0 rg BT 501.16 292.90 Td (ise, ) Tj ET Q q 0 0 0 rg BT 516.96 292.90 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 280.90 Td (TPO ) Tj ET Q q 0 0 0 rg BT 69.86 280.90 Td (W) Tj ET Q q 0 0 0 rg BT 78.49 280.90 Td (ebCenter) Tj ET Q q 0 0 0 rg BT 114.19 280.90 Td (, ) Tj ET Q q 0 0 0 rg BT 118.27 280.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 165.39 280.90 Td (Docs ) Tj ET Q q 0 0 0 rg BT 187.53 280.90 Td (Solution, ) Tj ET Q q 0 0 0 rg BT 225.50 280.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 272.63 280.90 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 322.53 280.90 Td (Service, ) Tj ET Q q 0 0 0 rg BT 356.59 280.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 403.72 280.90 Td (Product ) Tj ET Q q 0 0 0 rg BT 436.41 280.90 Td (and ) Tj ET Q q 0 0 0 rg BT 452.43 280.90 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 482.89 280.90 Td (Service, ) Tj ET Q q 0 0 0 rg BT 516.96 280.90 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 268.95 Td (4506-T) Tj ET Q q 0 0 0 rg BT 78.76 268.95 Td ( ) Tj ET Q q 0 0 0 rg BT 80.53 268.95 Td (Service, ) Tj ET Q q 0 0 0 rg BT 114.79 268.95 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 161.71 268.95 Td (Appraisal ) Tj ET Q q 0 0 0 rg BT 202.36 268.95 Td (Service, ) Tj ET Q q 0 0 0 rg BT 236.62 268.95 Td (and ) Tj ET Q q 0 0 0 rg BT 252.83 268.95 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 300.15 268.95 Td (Flood ) Tj ET Q q 0 0 0 rg BT 325.26 268.95 Td (Service. ) Tj ET Q q 0 0 0 rg BT 359.52 268.95 Td ( ) Tj ET Q q 0 0 0 rg BT 361.16 268.95 Td (W) Tj ET Q q 0 0 0 rg BT 369.80 268.95 Td (e ) Tj ET Q q 0 0 0 rg BT 376.01 268.95 Td (have ) Tj ET Q q 0 0 0 rg BT 396.65 268.95 Td (expanded ) Tj ET Q q 0 0 0 rg BT 436.74 268.95 Td (our ) Tj ET Q q 0 0 0 rg BT 451.84 268.95 Td (solution ) Tj ET Q q 0 0 0 rg BT 485.84 268.95 Td (of) Tj ET Q q 0 0 0 rg BT 493.99 268.95 Td (ferings ) Tj ET Q q 0 0 0 rg BT 523.53 268.95 Td (to ) Tj ET Q q 0 0 0 rg BT 533.08 268.95 Td (include ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 256.95 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.55 256.95 Td (CRM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.78 256.95 Td ( ) Tj ET Q q 0 0 0 rg BT 122.28 256.95 Td (since ) Tj ET Q q 0 0 0 rg BT 145.33 256.95 Td (acquiring ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.59 256.95 Td (MortgageCEO) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.47 256.95 Td ( ) Tj ET Q q 0 0 0 rg BT 246.97 256.95 Td (in ) Tj ET Q q 0 0 0 rg BT 257.24 256.95 Td (2014.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 232.95 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 71.71 232.95 Td (Mae ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 92.81 232.95 Td (TQL) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 110.97 232.95 Td ( ) Tj ET Q q 0 0 0 rg BT 114.30 232.95 Td (Pr) Tj ET Q q 0 0 0 rg BT 123.93 232.95 Td (ogram: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.70 232.95 Td (The ) Tj ET Q q 0 0 0 rg BT 175.58 232.95 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 197.79 232.95 Td (Mae ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.65 232.95 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.71 232.95 Td ( ) Tj ET Q q 0 0 0 rg BT 241.04 232.95 Td (Program ) Tj ET Q q 0 0 0 rg BT 278.81 232.95 Td (is ) Tj ET Q q 0 0 0 rg BT 288.81 232.95 Td (a ) Tj ET Q q 0 0 0 rg BT 296.58 232.95 Td (centralized ) Tj ET Q q 0 0 0 rg BT 343.76 232.95 Td (platform ) Tj ET Q q 0 0 0 rg BT 381.53 232.95 Td (of ) Tj ET Q q 0 0 0 rg BT 393.19 232.95 Td (services ) Tj ET Q q 0 0 0 rg BT 428.72 232.95 Td (within ) Tj ET Q q 0 0 0 rg BT 457.61 232.95 Td (Encompass) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 503.15 237.48 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.32 232.95 Td (that ) Tj ET Q q 0 0 0 rg BT 523.64 232.95 Td (facilitates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 220.95 Td (improved ) Tj ET Q q 0 0 0 rg BT 90.30 220.95 Td (consistency) Tj ET Q q 0 0 0 rg BT 136.31 220.95 Td (, ) Tj ET Q q 0 0 0 rg BT 141.29 220.95 Td (ef) Tj ET Q q 0 0 0 rg BT 148.88 220.95 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 183.56 220.95 Td (and ) Tj ET Q q 0 0 0 rg BT 200.47 220.95 Td (loan ) Tj ET Q q 0 0 0 rg BT 220.17 220.95 Td (quality) Tj ET Q q 0 0 0 rg BT 247.29 220.95 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.09 220.95 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.16 220.95 Td ( ) Tj ET Q q 0 0 0 rg BT 273.63 220.95 Td (enables ) Tj ET Q q 0 0 0 rg BT 306.10 220.95 Td (the ) Tj ET Q q 0 0 0 rg BT 320.79 220.95 Td (ordering ) Tj ET Q q 0 0 0 rg BT 357.15 220.95 Td (of ) Tj ET Q q 0 0 0 rg BT 367.96 220.95 Td (multiple ) Tj ET Q q 0 0 0 rg BT 403.76 220.95 Td (necessary ) Tj ET Q q 0 0 0 rg BT 445.11 220.95 Td (services, ) Tj ET Q q 0 0 0 rg BT 482.29 220.95 Td (such ) Tj ET Q q 0 0 0 rg BT 503.10 220.95 Td (as ) Tj ET Q q 0 0 0 rg BT 513.91 220.95 Td (compliance, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 208.95 Td (income ) Tj ET Q q 0 0 0 rg BT 81.44 208.95 Td (verification, ) Tj ET Q q 0 0 0 rg BT 132.53 208.95 Td (fraud ) Tj ET Q q 0 0 0 rg BT 156.14 208.95 Td (checks, ) Tj ET Q q 0 0 0 rg BT 188.35 208.95 Td (collateral ) Tj ET Q q 0 0 0 rg BT 228.05 208.95 Td (risk, ) Tj ET Q q 0 0 0 rg BT 248.05 208.95 Td (and ) Tj ET Q q 0 0 0 rg BT 265.00 208.95 Td (more, ) Tj ET Q q 0 0 0 rg BT 290.55 208.95 Td (from ) Tj ET Q q 0 0 0 rg BT 312.49 208.95 Td (one ) Tj ET Q q 0 0 0 rg BT 329.44 208.95 Td (tool. ) Tj ET Q q 0 0 0 rg BT 350.00 208.95 Td (If ) Tj ET Q q 0 0 0 rg BT 359.16 208.95 Td (selling ) Tj ET Q q 0 0 0 rg BT 388.33 208.95 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 432.49 208.95 Td (to ) Tj ET Q q 0 0 0 rg BT 442.78 208.95 Td (investors, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.71 208.95 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.78 208.95 Td ( ) Tj ET Q q 0 0 0 rg BT 505.28 208.95 Td (also ) Tj ET Q q 0 0 0 rg BT 523.89 208.95 Td (aligns ) Tj ET Q q 0 0 0 rg BT 550.29 208.95 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 196.95 Td (ordered ) Tj ET Q q 0 0 0 rg BT 82.54 196.95 Td (services ) Tj ET Q q 0 0 0 rg BT 117.24 196.95 Td (with ) Tj ET Q q 0 0 0 rg BT 137.52 196.95 Td (those ) Tj ET Q q 0 0 0 rg BT 161.13 196.95 Td (required ) Tj ET Q q 0 0 0 rg BT 196.95 196.95 Td (by ) Tj ET Q q 0 0 0 rg BT 209.45 196.95 Td (the ) Tj ET Q q 0 0 0 rg BT 224.16 196.95 Td (specific ) Tj ET Q q 0 0 0 rg BT 257.76 196.95 Td (investor ) Tj ET Q q 0 0 0 rg BT 292.47 196.95 Td (to ) Tj ET Q q 0 0 0 rg BT 302.75 196.95 Td (help ) Tj ET Q q 0 0 0 rg BT 322.47 196.95 Td (expedite ) Tj ET Q q 0 0 0 rg BT 358.84 196.95 Td (the ) Tj ET Q q 0 0 0 rg BT 373.56 196.95 Td (sales ) Tj ET Q q 0 0 0 rg BT 395.50 196.95 Td (process ) Tj ET Q q 0 0 0 rg BT 427.99 196.95 Td (for ) Tj ET Q q 0 0 0 rg BT 442.15 196.95 Td (both ) Tj ET Q q 0 0 0 rg BT 462.42 196.95 Td (lender ) Tj ET Q q 0 0 0 rg BT 489.91 196.95 Td (and ) Tj ET Q q 0 0 0 rg BT 506.85 196.95 Td (investor) Tj ET Q q 0 0 0 rg BT 538.51 196.95 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 170.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.55 170.65 Td (CenterW) Tj ET Q q 0 0 0 rg BT 132.55 170.65 Td (ise) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.66 170.65 Td (: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.93 170.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 196.98 170.65 Td (CenterW) Tj ET Q q 0 0 0 rg BT 232.67 170.65 Td (ise) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.78 170.65 Td ( ) Tj ET Q q 0 0 0 rg BT 246.28 170.65 Td (is ) Tj ET Q q 0 0 0 rg BT 255.45 170.65 Td (a ) Tj ET Q q 0 0 0 rg BT 262.39 170.65 Td (bundled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.11 170.65 Td (of) Tj ET Q q 0 0 0 rg BT 305.26 170.65 Td (fering) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.13 170.65 Td ( ) Tj ET Q q 0 0 0 rg BT 331.63 170.65 Td (of ) Tj ET Q q 0 0 0 rg BT 342.46 170.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 390.33 170.65 Td (W) Tj ET Q q 0 0 0 rg BT 398.97 170.65 Td (ebCenter ) Tj ET Q q 0 0 0 rg BT 437.56 170.65 Td (and ) Tj ET Q q 0 0 0 rg BT 454.50 170.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 502.55 170.65 Td (EDM.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 67.5 145.31699218749998 m 159.9423828125 145.31699218749998 l s q 0 0 0 rg BT 67.50 146.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 115.21 146.65 Td (W) Tj ET Q q 0 0 0 rg BT 123.85 146.65 Td (ebCenter) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 159.94 146.65 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.27 146.65 Td ( ) Tj ET Q q 0 0 0 rg BT 165.61 146.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 213.32 146.65 Td (W) Tj ET Q q 0 0 0 rg BT 221.95 146.65 Td (ebCenter ) Tj ET Q q 0 0 0 rg BT 260.38 146.65 Td (provides ) Tj ET Q q 0 0 0 rg BT 297.15 146.65 Td (the ) Tj ET Q q 0 0 0 rg BT 311.70 146.65 Td (ability ) Tj ET Q q 0 0 0 rg BT 339.59 146.65 Td (to ) Tj ET Q q 0 0 0 rg BT 349.70 146.65 Td (create ) Tj ET Q q 0 0 0 rg BT 375.89 146.65 Td (and ) Tj ET Q q 0 0 0 rg BT 392.67 146.65 Td (customize ) Tj ET Q q 0 0 0 rg BT 435.54 146.65 Td (professional ) Tj ET Q q 0 0 0 rg BT 486.75 146.65 Td (websites ) Tj ET Q q 0 0 0 rg BT 523.52 146.65 Td (for ) Tj ET Q q 0 0 0 rg BT 537.51 146.65 Td (lender ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 134.65 Td (headquarters, ) Tj ET Q q 0 0 0 rg BT 123.72 134.65 Td (branches ) Tj ET Q q 0 0 0 rg BT 161.89 134.65 Td (and/or ) Tj ET Q q 0 0 0 rg BT 190.08 134.65 Td (loan ) Tj ET Q q 0 0 0 rg BT 209.93 134.65 Td (of) Tj ET Q q 0 0 0 rg BT 218.08 134.65 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 245.42 134.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 293.42 134.65 Td (W) Tj ET Q q 0 0 0 rg BT 302.06 134.65 Td (ebCenter ) Tj ET Q q 0 0 0 rg BT 340.79 134.65 Td (helps ) Tj ET Q q 0 0 0 rg BT 364.53 134.65 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 402.14 134.65 Td (the ) Tj ET Q q 0 0 0 rg BT 417.00 134.65 Td (interaction ) Tj ET Q q 0 0 0 rg BT 462.39 134.65 Td (of ) Tj ET Q q 0 0 0 rg BT 473.36 134.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 521.54 134.65 Td (users ) Tj ET Q q 0 0 0 rg BT 544.73 134.65 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 122.65 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 113.44 122.65 Td (allowing ) Tj ET Q q 0 0 0 rg BT 151.34 122.65 Td (prospective ) Tj ET Q q 0 0 0 rg BT 200.33 122.65 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 243.77 122.65 Td (to ) Tj ET Q q 0 0 0 rg BT 254.45 122.65 Td (initiate ) Tj ET Q q 0 0 0 rg BT 285.12 122.65 Td (loan ) Tj ET Q q 0 0 0 rg BT 305.24 122.65 Td (applications ) Tj ET Q q 0 0 0 rg BT 356.46 122.65 Td (online. ) Tj ET Q q 0 0 0 rg BT 386.86 122.65 Td (If ) Tj ET Q q 0 0 0 rg BT 396.42 122.65 Td (an ) Tj ET Q q 0 0 0 rg BT 408.75 122.65 Td (application ) Tj ET Q q 0 0 0 rg BT 456.08 122.65 Td (is ) Tj ET Q q 0 0 0 rg BT 465.65 122.65 Td (initiated ) Tj ET Q q 0 0 0 rg BT 501.32 122.65 Td (online, ) Tj ET Q q 0 0 0 rg BT 531.72 122.65 Td (it ) Tj ET Q q 0 0 0 rg BT 540.18 122.65 Td (is ) Tj ET Q q 0 0 0 rg BT 549.75 122.65 Td (fed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 110.65 Td (into ) Tj ET Q q 0 0 0 rg BT 84.90 110.65 Td (the ) Tj ET Q q 0 0 0 rg BT 98.96 110.65 Td (loan ) Tj ET Q q 0 0 0 rg BT 118.02 110.65 Td (originator) Tj ET Q q 0 0 0 rg BT 157.82 110.65 Td () Tj ET Q q 0 0 0 rg BT 160.60 110.65 Td (s ) Tj ET Q q 0 0 0 rg BT 166.34 110.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 213.73 110.65 Td (loan ) Tj ET Q q 0 0 0 rg BT 232.79 110.65 Td (processing ) Tj ET Q q 0 0 0 rg BT 277.40 110.65 Td (pipeline. ) Tj ET Q q 0 0 0 rg BT 313.96 110.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 361.21 110.65 Td (W) Tj ET Q q 0 0 0 rg BT 369.85 110.65 Td (ebCenter ) Tj ET Q q 0 0 0 rg BT 407.79 110.65 Td (provides ) Tj ET Q q 0 0 0 rg BT 444.07 110.65 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 486.45 110.65 Td (and ) Tj ET Q q 0 0 0 rg BT 502.74 110.65 Td (their ) Tj ET Q q 0 0 0 rg BT 522.90 110.65 Td (real ) Tj ET Q q 0 0 0 rg BT 539.73 110.65 Td (estate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 98.65 Td (agents ) Tj ET Q q 0 0 0 rg BT 95.55 98.65 Td (real-time ) Tj ET Q q 0 0 0 rg BT 134.14 98.65 Td (24/7 ) Tj ET Q q 0 0 0 rg BT 154.41 98.65 Td (loan ) Tj ET Q q 0 0 0 rg BT 174.13 98.65 Td (status ) Tj ET Q q 0 0 0 rg BT 199.41 98.65 Td (updates.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 67.5 73.31699218749998 m 258.67626953125 73.31699218749998 l s q 0 0 0 rg BT 67.50 74.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 116.61 74.65 Td (Electronic ) Tj ET Q q 0 0 0 rg BT 161.26 74.65 Td (Document ) Tj ET Q q 0 0 0 rg BT 206.47 74.65 Td (Management) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.68 74.65 Td (. ) Tj ET Q q 0 0 0 rg BT 264.74 74.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 313.85 74.65 Td (EDM ) Tj ET Q q 0 0 0 rg BT 339.63 74.65 Td (gives ) Tj ET Q q 0 0 0 rg BT 364.30 74.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 413.41 74.65 Td (users ) Tj ET Q q 0 0 0 rg BT 437.52 74.65 Td (the ) Tj ET Q q 0 0 0 rg BT 453.30 74.65 Td (ability ) Tj ET Q q 0 0 0 rg BT 482.41 74.65 Td (to ) Tj ET Q q 0 0 0 rg BT 493.75 74.65 Td (go ) Tj ET Q q 0 0 0 rg BT 507.31 74.65 Td (paperless ) Tj ET Q q 0 0 0 rg BT 548.08 74.65 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 62.65 Td (receive, ) Tj ET Q q 0 0 0 rg 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BT 337.60 728.10 Td (technology) Tj ET Q q 0 0 0 rg BT 381.39 728.10 Td (. ) Tj ET Q q 0 0 0 rg BT 385.79 728.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 433.24 728.10 Td (EDM ) Tj ET Q q 0 0 0 rg BT 457.37 728.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 480.38 728.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 522.83 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.95 728.10 Td (option ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.72 716.10 Td (eSign ) Tj ET Q q 0 0 0 rg BT 102.94 716.10 Td (or ) Tj ET Q q 0 0 0 rg BT 113.71 716.10 Td (wet ) Tj ET Q q 0 0 0 rg BT 130.59 716.10 Td (sign ) Tj ET Q q 0 0 0 rg BT 149.70 716.10 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 199.08 716.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 222.62 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.50 716.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 249.16 716.10 Td (is ) Tj ET Q q 0 0 0 rg BT 258.27 716.10 Td (funded, ) Tj ET Q q 0 0 0 rg BT 290.98 716.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 312.30 716.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 332.51 716.10 Td (servers ) Tj ET Q q 0 0 0 rg BT 363.28 716.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 388.48 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.14 716.10 Td (virtual ) Tj ET Q q 0 0 0 rg BT 431.68 716.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 451.34 716.10 Td (folder ) Tj ET Q q 0 0 0 rg BT 477.66 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 491.76 716.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 533.64 716.10 Td (storage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.44 704.10 Td (compliance.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 96.44 680.10 Td (TPO ) Tj ET Q q 0 0 0 rg BT 116.73 680.10 Td (W) Tj ET Q q 0 0 0 rg BT 124.14 680.10 Td (ebCenter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.80 680.10 Td (: ) Tj ET Q q 0 0 0 rg BT 164.97 680.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 211.81 680.10 Td (TPO ) Tj ET Q q 0 0 0 rg BT 231.99 680.10 Td (W) Tj ET Q q 0 0 0 rg BT 240.63 680.10 Td (ebCenter ) Tj ET Q q 0 0 0 rg BT 278.12 680.10 Td (is ) Tj ET Q q 0 0 0 rg BT 286.18 680.10 Td (a ) Tj ET Q q 0 0 0 rg BT 292.01 680.10 Td (web-based ) Tj ET Q q 0 0 0 rg BT 336.16 680.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 375.88 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.60 680.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 432.54 680.10 Td (that ) Tj ET Q q 0 0 0 rg BT 448.93 680.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 480.31 680.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 498.92 680.10 Td (level ) Tj ET Q q 0 0 0 rg BT 519.75 680.10 Td (interaction ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (between ) Tj ET Q q 0 0 0 rg BT 85.24 668.10 Td (a ) Tj ET Q q 0 0 0 rg BT 92.10 668.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 137.29 668.10 Td (originator) Tj ET Q q 0 0 0 rg BT 176.32 668.10 Td (, ) Tj ET Q q 0 0 0 rg BT 181.25 668.10 Td (or ) Tj ET Q q 0 0 0 rg BT 191.83 668.10 Td (TPO, ) Tj ET Q q 0 0 0 rg BT 215.64 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.51 668.10 Td (a ) Tj ET Q q 0 0 0 rg BT 239.37 668.10 Td (lender) Tj ET Q q 0 0 0 rg BT 263.80 668.10 Td (. ) Tj ET Q q 0 0 0 rg BT 268.55 668.10 Td (TPO ) Tj ET Q q 0 0 0 rg BT 289.69 668.10 Td (W) Tj ET Q q 0 0 0 rg BT 298.33 668.10 Td (ebCenter ) Tj ET Q q 0 0 0 rg BT 336.85 668.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 373.71 668.10 Td (a ) Tj ET Q q 0 0 0 rg BT 380.57 668.10 Td (secure, ) Tj ET Q q 0 0 0 rg BT 411.03 668.10 Td (synchronized ) Tj ET Q q 0 0 0 rg BT 466.77 668.10 Td (web-based ) Tj ET Q q 0 0 0 rg BT 511.96 668.10 Td (environment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.95 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.76 656.10 Td (TPO ) Tj ET Q q 0 0 0 rg BT 100.45 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.02 656.10 Td (upload ) Tj ET Q q 0 0 0 rg BT 141.03 656.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 161.04 656.10 Td (files ) Tj ET Q q 0 0 0 rg BT 181.06 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.29 656.10 Td (supporting ) Tj ET Q q 0 0 0 rg BT 243.86 656.10 Td (documentation ) Tj ET Q q 0 0 0 rg BT 306.08 656.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 339.42 656.10 Td (into ) Tj ET Q q 0 0 0 rg BT 357.77 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.78 656.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 421.13 656.10 Td (software ) Tj ET Q q 0 0 0 rg BT 458.35 656.10 Td (used ) Tj ET Q q 0 0 0 rg BT 479.47 656.10 Td (by ) Tj ET Q q 0 0 0 rg BT 492.27 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.28 656.10 Td (lender) Tj ET Q q 0 0 0 rg BT 531.71 656.10 Td (. ) Tj ET Q q 0 0 0 rg BT 536.39 656.10 Td (As ) Tj ET Q q 0 0 0 rg BT 550.30 656.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 77.58 644.10 Td (confirms ) Tj ET Q q 0 0 0 rg BT 116.23 644.10 Td (locks, ) Tj ET Q q 0 0 0 rg BT 142.94 644.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 178.25 644.10 Td (milestones ) Tj ET Q q 0 0 0 rg BT 224.12 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.66 644.10 Td (adds ) Tj ET Q q 0 0 0 rg BT 263.09 644.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 310.35 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.44 644.10 Td (TPO ) Tj ET Q q 0 0 0 rg BT 347.44 644.10 Td (sees ) Tj ET Q q 0 0 0 rg BT 367.19 644.10 Td (what ) Tj ET Q q 0 0 0 rg BT 389.73 644.10 Td (is ) Tj ET Q q 0 0 0 rg BT 399.50 644.10 Td (happening ) Tj ET Q q 0 0 0 rg BT 444.26 644.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.14 644.10 Td (real-time ) Tj ET Q q 0 0 0 rg BT 494.32 644.10 Td (through ) Tj ET Q q 0 0 0 rg BT 528.53 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.62 644.10 Td (TPO ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 632.10 Td (ebCenter) Tj ET Q q 0 0 0 rg BT 93.83 632.10 Td (, ) Tj ET Q q 0 0 0 rg BT 98.83 632.10 Td (eliminating ) Tj ET Q q 0 0 0 rg BT 146.88 632.10 Td (back ) Tj ET Q q 0 0 0 rg BT 168.25 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.19 632.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 207.13 632.10 Td (emails ) Tj ET Q q 0 0 0 rg BT 235.74 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.67 632.10 Td (faxes.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 608.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 100.13 608.10 Td (Docs ) Tj ET Q q 0 0 0 rg BT 123.75 608.10 Td (Solution) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.09 608.10 Td (: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.94 608.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 211.56 608.10 Td (Docs ) Tj ET Q q 0 0 0 rg BT 235.18 608.10 Td (Solution) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.08 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.15 608.10 Td (is ) Tj ET Q q 0 0 0 rg BT 281.90 608.10 Td (an ) Tj ET Q q 0 0 0 rg BT 294.41 608.10 Td (integrated, ) Tj ET Q q 0 0 0 rg BT 339.96 608.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 403.57 608.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 429.97 608.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 473.59 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.11 608.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 523.07 608.10 Td (document ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 596.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 99.44 596.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 134.08 596.10 Td (that ) Tj ET Q q 0 0 0 rg BT 151.49 596.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 208.31 596.10 Td (generates ) Tj ET Q q 0 0 0 rg BT 248.48 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.11 596.10 Td (dozens ) Tj ET Q q 0 0 0 rg BT 293.29 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.03 596.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 349.76 596.10 Td (a ) Tj ET Q q 0 0 0 rg BT 356.61 596.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 395.67 596.10 Td (must ) Tj ET Q q 0 0 0 rg BT 417.53 596.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 448.81 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.66 596.10 Td (sign ) Tj ET Q q 0 0 0 rg BT 484.74 596.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 506.59 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.78 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 596.10 Td (funding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 62.50 584.10 Td (a ) Tj ET Q q 0 0 0 rg BT 69.62 584.10 Td (loan. ) Tj ET Q q 0 0 0 rg BT 92.01 584.10 Td (Unlike ) Tj ET Q q 0 0 0 rg BT 121.90 584.10 Td (other ) Tj ET Q q 0 0 0 rg BT 145.12 584.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 190.56 584.10 Td (document ) Tj ET Q q 0 0 0 rg BT 232.67 584.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 280.88 584.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 318.26 584.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 358.70 584.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 404.70 584.10 Td (using ) Tj ET Q q 0 0 0 rg BT 429.04 584.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 477.26 584.10 Td (Docs ) Tj ET Q q 0 0 0 rg BT 500.49 584.10 Td (Solution ) Tj ET Q q 0 0 0 rg BT 537.06 584.10 Td (do ) Tj ET Q q 0 0 0 rg BT 549.74 584.10 Td (not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 572.10 Td (have ) Tj ET Q q 0 0 0 rg BT 73.26 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.92 572.10 Td (move ) Tj ET Q q 0 0 0 rg BT 109.01 572.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 129.11 572.10 Td (data ) Tj ET Q q 0 0 0 rg BT 148.64 572.10 Td (from ) Tj ET Q q 0 0 0 rg BT 170.96 572.10 Td (their ) Tj ET Q q 0 0 0 rg BT 192.17 572.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 212.26 572.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 259.03 572.10 Td (system ) Tj ET Q q 0 0 0 rg BT 289.68 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.34 572.10 Td (a ) Tj ET Q q 0 0 0 rg BT 307.66 572.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 343.29 572.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 375.06 572.10 Td (system. ) Tj ET Q q 0 0 0 rg BT 408.01 572.10 Td (The ) Tj ET Q q 0 0 0 rg BT 426.44 572.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 448.47 572.10 Td (calculations ) Tj ET Q q 0 0 0 rg BT 499.11 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.43 572.10 Td (compliance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 560.10 Td (tests ) Tj ET Q q 0 0 0 rg BT 72.57 560.10 Td (are ) Tj ET Q q 0 0 0 rg BT 88.07 560.10 Td (all ) Tj ET Q q 0 0 0 rg BT 101.36 560.10 Td (within ) Tj ET Q q 0 0 0 rg BT 130.21 560.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 180.82 560.10 Td (As ) Tj ET Q q 0 0 0 rg BT 195.23 560.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.96 560.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 230.97 560.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 279.81 560.10 Td (Docs ) Tj ET Q q 0 0 0 rg BT 303.66 560.10 Td (Solution ) Tj ET Q q 0 0 0 rg BT 340.85 560.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 380.79 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.30 560.10 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 435.11 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.85 560.10 Td (ef) Tj ET Q q 0 0 0 rg BT 460.43 560.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 495.93 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.55 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.06 560.10 Td (document ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 548.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 99.53 548.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.81 548.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 141.20 548.10 Td (process.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 524.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 100.18 524.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 151.63 524.10 Td (Service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.05 524.10 Td (: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.95 524.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 235.62 524.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 287.07 524.10 Td (Service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.05 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.18 524.10 Td (analyzes ) Tj ET Q q 0 0 0 rg BT 357.72 524.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 398.61 524.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 418.95 524.10 Td (data ) Tj ET Q q 0 0 0 rg BT 438.73 524.10 Td (for ) Tj ET Q q 0 0 0 rg BT 453.52 524.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 502.73 524.10 Td (with ) Tj ET Q q 0 0 0 rg BT 523.63 524.10 Td (consumer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 512.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 94.01 512.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 114.31 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.71 512.10 Td (institutionally ) Tj ET Q q 0 0 0 rg BT 188.24 512.10 Td (mandated ) Tj ET Q q 0 0 0 rg BT 229.08 512.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 277.13 512.10 Td (policies. ) Tj ET Q q 0 0 0 rg BT 312.71 512.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 360.22 512.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 410.51 512.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 442.46 512.10 Td (can ) Tj ET Q q 0 0 0 rg BT 458.31 512.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 514.70 512.10 Td (run ) Tj ET Q q 0 0 0 rg BT 530.00 512.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 549.18 512.10 Td (file ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 500.10 Td (checks ) Tj ET Q q 0 0 0 rg BT 80.77 500.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 116.17 500.10 Td (times ) Tj ET Q q 0 0 0 rg BT 139.90 500.10 Td (during ) Tj ET Q q 0 0 0 rg BT 168.07 500.10 Td (processing, ) Tj ET Q q 0 0 0 rg BT 215.40 500.10 Td (underwriting, ) Tj ET Q q 0 0 0 rg BT 271.62 500.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 302.57 500.10 Td (or ) Tj ET Q q 0 0 0 rg BT 312.97 500.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 346.14 500.10 Td (a ) Tj ET Q q 0 0 0 rg BT 352.64 500.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 371.92 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.77 500.10 Td (check ) Tj ET Q q 0 0 0 rg BT 407.15 500.10 Td (against ) Tj ET Q q 0 0 0 rg BT 437.54 500.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.04 500.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 506.64 500.10 Td (set ) Tj ET Q q 0 0 0 rg BT 519.81 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.20 500.10 Td ( ) Tj ET Q q 0 0 0 rg BT 532.27 500.10 Td (federal, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 488.10 Td (state ) Tj ET Q q 0 0 0 rg BT 71.88 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.38 488.10 Td (local ) Tj ET Q q 0 0 0 rg BT 109.86 488.10 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 158.85 488.10 Td (Quick ) Tj ET Q q 0 0 0 rg BT 185.35 488.10 Td (results ) Tj ET Q q 0 0 0 rg BT 213.51 488.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 247.78 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.28 488.10 Td (review ) Tj ET Q q 0 0 0 rg BT 293.54 488.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 341.13 488.10 Td (help ) Tj ET Q q 0 0 0 rg BT 360.41 488.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 393.57 488.10 Td (any ) Tj ET Q q 0 0 0 rg BT 410.06 488.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 458.20 488.10 Td (problem ) Tj ET Q q 0 0 0 rg BT 493.58 488.10 Td (or ) Tj ET Q q 0 0 0 rg BT 503.97 488.10 Td (data ) Tj ET Q q 0 0 0 rg BT 522.68 488.10 Td (that ) Tj ET Q q 0 0 0 rg BT 539.73 488.10 Td (needs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 476.10 Td (correcting. ) Tj ET Q q 0 0 0 rg BT 96.74 476.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 144.50 476.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 195.02 476.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 227.22 476.10 Td (is ) Tj ET Q q 0 0 0 rg BT 236.10 476.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 278.29 476.10 Td (with ) Tj ET Q q 0 0 0 rg BT 298.27 476.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 346.03 476.10 Td (but ) Tj ET Q q 0 0 0 rg BT 361.02 476.10 Td (can ) Tj ET Q q 0 0 0 rg BT 377.10 476.10 Td (be ) Tj ET Q q 0 0 0 rg BT 388.75 476.10 Td (used ) Tj ET Q q 0 0 0 rg BT 409.29 476.10 Td (with ) Tj ET Q q 0 0 0 rg BT 429.27 476.10 Td (other ) Tj ET Q q 0 0 0 rg BT 452.03 476.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 471.45 476.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 517.54 476.10 Td (software ) Tj ET Q q 0 0 0 rg BT 554.18 476.10 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 464.10 Td (well. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 440.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 100.77 440.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 110.40 440.10 Td (oduct ) Tj ET Q q 0 0 0 rg BT 136.33 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.05 440.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 188.76 440.10 Td (Service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.19 440.10 Td (: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.68 440.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 273.95 440.10 Td (Product ) Tj ET Q q 0 0 0 rg BT 308.77 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.93 440.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 359.53 440.10 Td (Service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.52 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.23 440.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 423.06 440.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 472.32 440.10 Td (users ) Tj ET Q q 0 0 0 rg BT 496.59 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.09 440.10 Td (automatically ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 428.10 Td (compare ) Tj ET Q q 0 0 0 rg BT 88.69 428.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 126.99 428.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 146.97 428.10 Td (products ) Tj ET Q q 0 0 0 rg BT 184.18 428.10 Td (with ) Tj ET Q q 0 0 0 rg BT 204.72 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.70 428.10 Td (latest ) Tj ET Q q 0 0 0 rg BT 243.57 428.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 274.65 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.86 428.10 Td (easily ) Tj ET Q q 0 0 0 rg BT 317.95 428.10 Td (pinpoint ) Tj ET Q q 0 0 0 rg BT 354.04 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.02 428.10 Td (best ) Tj ET Q q 0 0 0 rg BT 387.90 428.10 Td (program ) Tj ET Q q 0 0 0 rg BT 424.54 428.10 Td (for ) Tj ET Q q 0 0 0 rg BT 438.96 428.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.16 428.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 482.26 428.10 Td (. ) Tj ET Q q 0 0 0 rg BT 487.53 428.10 Td (Seamless ) Tj ET Q q 0 0 0 rg BT 527.51 428.10 Td (two-way ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 416.10 Td (workflow ) Tj ET Q q 0 0 0 rg BT 92.33 416.10 Td (sends ) Tj ET Q q 0 0 0 rg BT 116.50 416.10 Td (information ) Tj ET Q q 0 0 0 rg BT 165.66 416.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 198.15 416.10 Td (from ) Tj ET Q q 0 0 0 rg BT 219.53 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.70 416.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 252.86 416.10 Td (file ) Tj ET Q q 0 0 0 rg BT 268.13 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.86 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.02 416.10 Td (product ) Tj ET Q q 0 0 0 rg BT 324.52 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.90 416.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 371.17 416.10 Td (engine ) Tj ET Q q 0 0 0 rg BT 399.78 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.16 416.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 461.99 416.10 Td (information ) Tj ET Q q 0 0 0 rg BT 511.15 416.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 543.64 416.10 Td (back ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 404.10 Td (into ) Tj ET Q q 0 0 0 rg BT 69.56 404.10 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 120.10 404.10 Td (incorporating ) Tj ET Q q 0 0 0 rg BT 176.48 404.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 196.19 404.10 Td (of) Tj ET Q q 0 0 0 rg BT 204.34 404.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 225.16 404.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 283.20 404.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 331.79 404.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 353.73 404.10 Td (into ) Tj ET Q q 0 0 0 rg BT 371.78 404.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 391.50 404.10 Td (pricing. ) Tj ET Q q 0 0 0 rg BT 424.83 404.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 99.58 380.10 Td (4506-T) Tj ET Q q 0 0 0 rg BT 128.29 380.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.82 380.10 Td (Service) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 162.24 380.10 Td (: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.10 380.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 220.18 380.10 Td (4506-T) Tj ET Q q 0 0 0 rg BT 249.43 380.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.96 380.10 Td (Service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.95 380.10 Td ( ) Tj ET Q q 0 0 0 rg BT 288.48 380.10 Td (is ) Tj ET Q q 0 0 0 rg BT 299.67 380.10 Td (an ) Tj ET Q q 0 0 0 rg BT 313.64 380.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 358.15 380.10 Td (income ) Tj ET Q q 0 0 0 rg BT 392.11 380.10 Td (verification ) Tj ET Q q 0 0 0 rg BT 442.73 380.10 Td (solution ) Tj ET Q q 0 0 0 rg BT 479.48 380.10 Td (that ) Tj ET Q q 0 0 0 rg BT 499.01 380.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 529.64 380.10 Td (users ) Tj ET Q q 0 0 0 rg BT 554.72 380.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 106.10 368.10 Td (order ) Tj ET Q q 0 0 0 rg BT 129.39 368.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 143.79 368.10 Td (return ) Tj ET Q q 0 0 0 rg BT 169.85 368.10 Td (data ) Tj ET Q q 0 0 0 rg BT 188.69 368.10 Td (from ) Tj ET Q q 0 0 0 rg BT 210.32 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.72 368.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 258.00 368.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 295.17 368.10 Td (Service, ) Tj ET Q q 0 0 0 rg BT 329.85 368.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 362.03 368.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 393.08 368.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 423.03 368.10 Td (back, ) Tj ET Q q 0 0 0 rg BT 446.60 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.22 368.10 Td (compare ) Tj ET Q q 0 0 0 rg BT 499.83 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.46 368.10 Td (validate ) Tj ET Q q 0 0 0 rg BT 550.29 368.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.43 356.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 107.26 356.10 Td (on ) Tj ET Q q 0 0 0 rg BT 119.76 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.48 356.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 154.19 356.10 Td (application ) Tj ET Q q 0 0 0 rg BT 201.12 356.10 Td (with ) Tj ET Q q 0 0 0 rg BT 221.40 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.12 356.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 273.14 356.10 Td () Tj ET Q q 0 0 0 rg BT 275.92 356.10 Td (s ) Tj ET Q q 0 0 0 rg BT 282.31 356.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 308.68 356.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 323.40 356.10 Td (returns. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.96 332.10 Td (Appraisal ) Tj ET Q q 0 0 0 rg BT 140.55 332.10 Td (Service) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 169.97 332.10 Td (: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.44 332.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 224.43 332.10 Td (Appraisal ) Tj ET Q q 0 0 0 rg BT 266.44 332.10 Td (Service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.43 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.57 332.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 332.69 332.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 381.37 332.10 Td (users ) Tj ET Q q 0 0 0 rg BT 405.06 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.98 332.10 Td (seamlessly ) Tj ET Q q 0 0 0 rg BT 462.44 332.10 Td (order) Tj ET Q q 0 0 0 rg BT 483.14 332.10 Td (, ) Tj ET Q q 0 0 0 rg BT 488.78 332.10 Td (track, ) Tj ET Q q 0 0 0 rg BT 514.40 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.97 332.10 Td (retrieve ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 87.97 320.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 118.11 320.10 Td (from ) Tj ET Q q 0 0 0 rg BT 139.92 320.10 Td (within ) Tj ET Q q 0 0 0 rg BT 167.86 320.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 218.28 320.10 Td (Users ) Tj ET Q q 0 0 0 rg BT 243.42 320.10 Td (can ) Tj ET Q q 0 0 0 rg BT 259.68 320.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 293.14 320.10 Td (their ) Tj ET Q q 0 0 0 rg BT 313.84 320.10 Td (own ) Tj ET Q q 0 0 0 rg BT 333.44 320.10 Td (panel ) Tj ET Q q 0 0 0 rg BT 357.47 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.17 320.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 419.42 320.10 Td (appraisers ) Tj ET Q q 0 0 0 rg BT 462.33 320.10 Td (or ) Tj ET Q q 0 0 0 rg BT 473.04 320.10 Td (work ) Tj ET Q q 0 0 0 rg BT 495.96 320.10 Td (with ) Tj ET Q q 0 0 0 rg BT 516.12 320.10 Td (one ) Tj ET Q q 0 0 0 rg BT 532.93 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.63 320.10 Td (Ellie ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (Mae) Tj ET Q q 0 0 0 rg BT 70.05 308.10 Td (s ) Tj ET Q q 0 0 0 rg BT 76.44 308.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 118.92 308.10 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 157.51 308.10 Td (management ) Tj ET Q q 0 0 0 rg BT 211.10 308.10 Td (companies.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.82 284.10 Td (Flood ) Tj ET Q q 0 0 0 rg BT 124.47 284.10 Td (Service) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 153.89 284.10 Td (: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.99 284.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 208.30 284.10 Td (Flood ) Tj ET Q q 0 0 0 rg BT 234.41 284.10 Td (Service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.40 284.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.16 284.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 296.04 284.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 344.35 284.10 Td (users ) Tj ET Q q 0 0 0 rg BT 367.67 284.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.21 284.10 Td (order ) Tj ET Q q 0 0 0 rg BT 402.08 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.28 284.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 452.58 284.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 475.90 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.10 284.10 Td (life-of-loan ) Tj ET Q q 0 0 0 rg BT 541.40 284.10 Td (flood ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (zone ) Tj ET Q q 0 0 0 rg BT 70.88 272.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 128.91 272.10 Td (electronically) Tj ET Q q 0 0 0 rg BT 182.68 272.10 Td (. ) Tj ET Q q 0 0 0 rg BT 187.68 272.10 Td (Documentation ) Tj ET Q q 0 0 0 rg BT 251.83 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.77 272.10 Td (data ) Tj ET Q q 0 0 0 rg BT 287.92 272.10 Td (are ) Tj ET Q q 0 0 0 rg BT 302.63 272.10 Td (stored ) Tj ET Q q 0 0 0 rg BT 329.57 272.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 386.49 272.10 Td (for ) Tj ET Q q 0 0 0 rg BT 400.65 272.10 Td (review ) Tj ET Q q 0 0 0 rg BT 430.36 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.30 272.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 482.01 272.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 514.13 272.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 98.10 248.10 Td (CRM) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 119.20 248.10 Td (: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.58 248.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 174.17 248.10 Td (CRM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.40 248.10 Td (, ) Tj ET Q q 0 0 0 rg BT 201.94 248.10 Td (which ) Tj ET Q q 0 0 0 rg BT 229.42 248.10 Td (was ) Tj ET Q q 0 0 0 rg BT 248.02 248.10 Td (made ) Tj ET Q q 0 0 0 rg BT 272.72 248.10 Td (available ) Tj ET Q q 0 0 0 rg BT 311.85 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.67 248.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 345.72 248.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 394.31 248.10 Td (users ) Tj ET Q q 0 0 0 rg BT 417.90 248.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.72 248.10 Td (January ) Tj ET Q q 0 0 0 rg BT 462.87 248.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 488.41 248.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 524.78 248.10 Td (a ) Tj ET Q q 0 0 0 rg BT 532.26 248.10 Td (suite ) Tj ET Q q 0 0 0 rg BT 554.19 248.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 70.87 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.24 236.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 129.72 236.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 151.10 236.10 Td (that ) Tj ET Q q 0 0 0 rg BT 168.03 236.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 196.07 236.10 Td (users ) Tj ET Q q 0 0 0 rg BT 218.56 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.27 236.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 261.30 236.10 Td (contacts, ) Tj ET Q q 0 0 0 rg BT 298.49 236.10 Td (leads ) Tj ET Q q 0 0 0 rg BT 320.97 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.35 236.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 379.82 236.10 Td (campaigns ) Tj ET Q q 0 0 0 rg BT 424.52 236.10 Td (within ) Tj ET Q q 0 0 0 rg BT 452.01 236.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 501.99 236.10 Td (It ) Tj ET Q q 0 0 0 rg BT 510.03 236.10 Td (also ) Tj ET Q q 0 0 0 rg BT 528.07 236.10 Td (provides ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.66 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.59 224.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 140.31 224.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.47 224.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 197.51 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.45 224.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 236.39 224.10 Td (ef) Tj ET Q q 0 0 0 rg BT 243.98 224.10 Td (forts.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 197.80 Td (The ) Tj ET Q q 0 0 0 rg BT 68.11 197.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 90.05 197.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 110.88 197.80 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 181.40 Td (A) Tj ET Q q 0 0 0 rg BT 79.17 181.40 Td ( ) Tj ET Q q 0 0 0 rg BT 81.95 181.40 Td (key ) Tj ET Q q 0 0 0 rg BT 99.18 181.40 Td (component ) Tj ET Q q 0 0 0 rg BT 146.40 181.40 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.51 181.40 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 180.30 181.40 Td (Encompass) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.84 181.40 Td ( ) Tj ET Q q 0 0 0 rg BT 228.63 181.40 Td (is ) Tj ET Q q 0 0 0 rg BT 238.08 181.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.08 181.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 274.75 181.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 295.30 181.40 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.29 181.40 Td (, ) Tj ET Q q 0 0 0 rg BT 335.58 181.40 Td (which ) Tj ET Q q 0 0 0 rg BT 362.80 181.40 Td (enables ) Tj ET Q q 0 0 0 rg BT 395.57 181.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 436.12 181.40 Td (originators ) Tj ET Q q 0 0 0 rg BT 482.23 181.40 Td (to ) Tj ET Q q 0 0 0 rg BT 492.79 181.40 Td (choose ) Tj ET Q q 0 0 0 rg BT 523.35 181.40 Td (from, ) Tj ET Q q 0 0 0 rg BT 548.07 181.40 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 169.40 Td (connect ) Tj ET Q q 0 0 0 rg BT 83.36 169.40 Td (to, ) Tj ET Q q 0 0 0 rg BT 96.41 169.40 Td (a ) Tj ET Q q 0 0 0 rg BT 103.62 169.40 Td (broad ) Tj ET Q q 0 0 0 rg BT 129.16 169.40 Td (array ) Tj ET Q q 0 0 0 rg BT 152.47 169.40 Td (of ) Tj ET Q q 0 0 0 rg BT 163.57 169.40 Td (investors, ) Tj ET Q q 0 0 0 rg BT 204.94 169.40 Td (mega ) Tj ET Q q 0 0 0 rg BT 229.37 169.40 Td (lenders ) Tj ET Q q 0 0 0 rg BT 261.02 169.40 Td (and ) Tj ET Q q 0 0 0 rg BT 278.23 169.40 Td (third ) Tj ET Q q 0 0 0 rg BT 299.88 169.40 Td (party ) Tj ET Q q 0 0 0 rg BT 323.20 169.40 Td (service ) Tj ET Q q 0 0 0 rg BT 354.28 169.40 Td (providers ) Tj ET Q q 0 0 0 rg BT 394.82 169.40 Td (essential ) Tj ET Q q 0 0 0 rg BT 432.03 169.40 Td (to ) Tj ET Q q 0 0 0 rg BT 442.58 169.40 Td (the ) Tj ET Q q 0 0 0 rg BT 457.56 169.40 Td (processing ) Tj ET Q q 0 0 0 rg BT 503.10 169.40 Td (and ) Tj ET Q q 0 0 0 rg BT 520.31 169.40 Td (funding ) Tj ET Q q 0 0 0 rg BT 554.19 169.40 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 157.40 Td (loans. ) Tj ET Q q 0 0 0 rg BT 75.61 157.40 Td (Key ) Tj ET Q q 0 0 0 rg BT 94.77 157.40 Td (functions ) Tj ET Q q 0 0 0 rg BT 134.49 157.40 Td (of ) Tj ET Q q 0 0 0 rg BT 145.32 157.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.03 157.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 181.41 157.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 201.68 157.40 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.67 157.40 Td ( ) Tj ET Q q 0 0 0 rg BT 239.17 157.40 Td (include ) Tj ET Q q 0 0 0 rg BT 271.11 157.40 Td (the ) Tj ET Q q 0 0 0 rg BT 285.82 157.40 Td (following:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 141.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 141.00 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 127.08 141.00 Td (originators ) Tj ET Q q 0 0 0 rg BT 173.12 141.00 Td (can ) Tj ET Q q 0 0 0 rg BT 189.70 141.00 Td (electronically ) Tj ET Q q 0 0 0 rg BT 246.82 141.00 Td (and ) Tj ET Q q 0 0 0 rg BT 263.97 141.00 Td (securely ) Tj ET Q q 0 0 0 rg BT 299.99 141.00 Td (submit ) Tj ET Q q 0 0 0 rg BT 329.93 141.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 349.85 141.00 Td (files ) Tj ET Q q 0 0 0 rg BT 369.77 141.00 Td (to ) Tj ET Q q 0 0 0 rg BT 380.26 141.00 Td (the ) Tj ET Q q 0 0 0 rg BT 395.19 141.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 434.00 141.00 Td (and ) Tj ET Q q 0 0 0 rg BT 451.15 141.00 Td (mega ) Tj ET Q q 0 0 0 rg BT 475.51 141.00 Td (lenders ) Tj ET Q q 0 0 0 rg BT 507.09 141.00 Td (to ) Tj ET Q q 0 0 0 rg BT 517.58 141.00 Td (whom ) Tj ET Q q 0 0 0 rg BT 545.29 141.00 Td (they ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 129.00 Td (intend ) Tj ET Q q 0 0 0 rg BT 113.00 129.00 Td (to ) Tj ET Q q 0 0 0 rg BT 123.27 129.00 Td (sell ) Tj ET Q q 0 0 0 rg BT 139.66 129.00 Td (them, ) Tj ET Q q 0 0 0 rg BT 164.66 129.00 Td (in ) Tj ET Q q 0 0 0 rg BT 174.93 129.00 Td (order ) Tj ET Q q 0 0 0 rg BT 198.53 129.00 Td (to ) Tj ET Q q 0 0 0 rg BT 208.81 129.00 Td (have ) Tj ET Q q 0 0 0 rg BT 230.19 129.00 Td (the ) Tj ET Q q 0 0 0 rg BT 244.90 129.00 Td (loans ) Tj ET Q q 0 0 0 rg BT 268.51 129.00 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 322.11 129.00 Td (and ) Tj ET Q q 0 0 0 rg BT 339.04 129.00 Td (priced ) Tj ET Q q 0 0 0 rg BT 366.53 129.00 Td (and ) Tj ET Q q 0 0 0 rg BT 383.47 129.00 Td (to ) Tj ET Q q 0 0 0 rg BT 393.75 129.00 Td (have ) Tj ET Q q 0 0 0 rg BT 415.12 129.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 434.84 129.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 456.22 129.00 Td (locked.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 112.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 112.60 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 127.52 112.60 Td (originators ) Tj ET Q q 0 0 0 rg BT 173.99 112.60 Td (can ) Tj ET Q q 0 0 0 rg BT 191.01 112.60 Td (electronically ) Tj ET Q q 0 0 0 rg BT 248.57 112.60 Td (order ) Tj ET Q q 0 0 0 rg BT 272.81 112.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 317.05 112.60 Td (services, ) Tj ET Q q 0 0 0 rg BT 354.90 112.60 Td (including ) Tj ET Q q 0 0 0 rg BT 395.82 112.60 Td (credit, ) Tj ET Q q 0 0 0 rg BT 424.23 112.60 Td (title, ) Tj ET Q q 0 0 0 rg BT 445.42 112.60 Td (appraisal, ) Tj ET Q q 0 0 0 rg BT 487.16 112.60 Td (flood, ) Tj ET Q q 0 0 0 rg BT 513.91 112.60 Td (compliance, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 100.60 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 125.76 100.60 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 169.08 100.60 Td (fraud ) Tj ET Q q 0 0 0 rg BT 192.68 100.60 Td (detection ) Tj ET Q q 0 0 0 rg BT 231.83 100.60 Td (and ) Tj ET Q q 0 0 0 rg BT 248.77 100.60 Td (other ) Tj ET Q q 0 0 0 rg BT 271.81 100.60 Td (reports.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 84.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 84.20 Td (Investors, ) Tj ET Q q 0 0 0 rg BT 126.68 84.20 Td (mega ) Tj ET Q q 0 0 0 rg BT 150.35 84.20 Td (lenders ) Tj ET Q q 0 0 0 rg BT 181.25 84.20 Td (and ) Tj ET Q q 0 0 0 rg BT 197.71 84.20 Td (settlement ) Tj ET Q q 0 0 0 rg BT 240.82 84.20 Td (service ) Tj ET Q q 0 0 0 rg BT 271.16 84.20 Td (providers ) Tj ET Q q 0 0 0 rg BT 310.95 84.20 Td (can ) Tj ET Q q 0 0 0 rg BT 326.84 84.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 346.08 84.20 Td (instant ) Tj ET Q q 0 0 0 rg BT 374.76 84.20 Td (electronic ) Tj ET Q q 0 0 0 rg BT 416.20 84.20 Td (access ) Tj ET Q q 0 0 0 rg BT 443.76 84.20 Td (to ) Tj ET Q q 0 0 0 rg BT 453.55 84.20 Td (a ) Tj ET Q q 0 0 0 rg BT 460.01 84.20 Td (lar) Tj ET Q q 0 0 0 rg BT 470.38 84.20 Td (ge ) Tj ET Q q 0 0 0 rg BT 481.84 84.20 Td (number ) Tj ET Q q 0 0 0 rg BT 514.40 84.20 Td (of ) Tj ET Q q 0 0 0 rg BT 524.75 84.20 Td (mortgage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 72.20 Td (originators, ) Tj ET Q q 0 0 0 rg BT 133.03 72.20 Td (potentially ) Tj ET Q q 0 0 0 rg BT 177.50 72.20 Td (increasing ) Tj ET Q q 0 0 0 rg BT 220.30 72.20 Td (their ) Tj ET Q q 0 0 0 rg BT 240.33 72.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 273.67 72.20 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 328.15 72.20 Td (and ) Tj ET Q q 0 0 0 rg BT 344.29 72.20 Td (lowering ) Tj ET Q q 0 0 0 rg BT 381.54 72.20 Td (their ) Tj ET Q q 0 0 0 rg BT 401.57 72.20 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 446.32 72.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 465.24 72.20 Td (processing ) Tj ET Q q 0 0 0 rg BT 509.71 72.20 Td (and ) Tj ET Q q 0 0 0 rg BT 525.85 72.20 Td (customer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 60.20 Td (support ) Tj ET Q q 0 0 0 rg BT 118.00 60.20 Td (costs.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 740.10 Td (Investors, ) Tj ET Q q 0 0 0 rg BT 127.85 740.10 Td (mega ) Tj ET Q q 0 0 0 rg BT 152.70 740.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 184.77 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.40 740.10 Td (service ) Tj ET Q q 0 0 0 rg BT 233.91 740.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 274.88 740.10 Td (can ) Tj ET Q q 0 0 0 rg BT 291.95 740.10 Td (access ) Tj ET Q q 0 0 0 rg BT 320.68 740.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 363.29 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.92 740.10 Td (real-time ) Tj ET Q q 0 0 0 rg BT 420.20 740.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 463.94 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.57 740.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 512.54 740.10 Td (enforcement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 728.10 Td (services ) Tj ET Q q 0 0 0 rg BT 120.21 728.10 Td (that ) Tj ET Q q 0 0 0 rg BT 137.70 728.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 175.18 728.10 Td (business ) Tj ET Q q 0 0 0 rg BT 211.57 728.10 Td (interactions ) Tj ET Q q 0 0 0 rg BT 260.72 728.10 Td (with ) Tj ET Q q 0 0 0 rg BT 281.00 728.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 321.26 728.10 Td (originators.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 706.20 Td (Investors, ) Tj ET Q q 0 0 0 rg BT 114.27 706.20 Td (mega ) Tj ET Q q 0 0 0 rg BT 138.53 706.20 Td (lenders ) Tj ET Q q 0 0 0 rg BT 170.01 706.20 Td (and ) Tj ET Q q 0 0 0 rg BT 187.06 706.20 Td (service ) Tj ET Q q 0 0 0 rg BT 217.98 706.20 Td (providers ) Tj ET Q q 0 0 0 rg BT 258.35 706.20 Td (enter ) Tj ET Q q 0 0 0 rg BT 280.95 706.20 Td (into ) Tj ET Q q 0 0 0 rg BT 299.11 706.20 Td (contracts ) Tj ET Q q 0 0 0 rg BT 337.81 706.20 Td (with ) Tj ET Q q 0 0 0 rg BT 358.19 706.20 Td (us ) Tj ET Q q 0 0 0 rg BT 369.69 706.20 Td (that ) Tj ET Q q 0 0 0 rg BT 387.29 706.20 Td (allow ) Tj ET Q q 0 0 0 rg BT 412.12 706.20 Td (their ) Tj ET Q q 0 0 0 rg BT 433.05 706.20 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 480.08 706.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 520.45 706.20 Td (systems ) Tj ET Q q 0 0 0 rg BT 554.72 706.20 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 694.20 Td (inter) Tj ET Q q 0 0 0 rg BT 67.63 694.20 Td (-operate ) Tj ET Q q 0 0 0 rg BT 102.56 694.20 Td (with ) Tj ET Q q 0 0 0 rg BT 122.53 694.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.93 694.20 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 157.99 694.20 Td (Mae ) Tj ET Q q 0 0 0 rg BT 177.94 694.20 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.94 694.20 Td (. ) Tj ET Q q 0 0 0 rg BT 217.62 694.20 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 252.01 694.20 Td (and ) Tj ET Q q 0 0 0 rg BT 268.63 694.20 Td (service ) Tj ET Q q 0 0 0 rg BT 299.13 694.20 Td (providers ) Tj ET Q q 0 0 0 rg BT 339.08 694.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 378.47 694.20 Td (pay ) Tj ET Q q 0 0 0 rg BT 395.09 694.20 Td (us ) Tj ET Q q 0 0 0 rg BT 406.17 694.20 Td (fees ) Tj ET Q q 0 0 0 rg BT 424.45 694.20 Td (on ) Tj ET Q q 0 0 0 rg BT 436.64 694.20 Td (a ) Tj ET Q q 0 0 0 rg BT 443.26 694.20 Td (per ) Tj ET Q q 0 0 0 rg BT 458.21 694.20 Td (transaction ) Tj ET Q q 0 0 0 rg BT 504.27 694.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 526.45 694.20 Td (when ) Tj ET Q q 0 0 0 rg BT 550.30 694.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 682.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 90.34 682.20 Td (originator ) Tj ET Q q 0 0 0 rg BT 132.84 682.20 Td (orders ) Tj ET Q q 0 0 0 rg BT 160.91 682.20 Td (these ) Tj ET Q q 0 0 0 rg BT 184.53 682.20 Td (services ) Tj ET Q q 0 0 0 rg BT 219.81 682.20 Td (through ) Tj ET Q q 0 0 0 rg BT 253.99 682.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.28 682.20 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 291.24 682.20 Td (Mae ) Tj ET Q q 0 0 0 rg BT 312.08 682.20 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.07 682.20 Td (. ) Tj ET Q q 0 0 0 rg BT 352.42 682.20 Td (The ) Tj ET Q q 0 0 0 rg BT 371.04 682.20 Td (table ) Tj ET Q q 0 0 0 rg BT 393.55 682.20 Td (below ) Tj ET Q q 0 0 0 rg BT 421.06 682.20 Td (describes ) Tj ET Q q 0 0 0 rg BT 461.34 682.20 Td (some ) Tj ET Q q 0 0 0 rg BT 485.53 682.20 Td (of ) Tj ET Q q 0 0 0 rg BT 496.93 682.20 Td (the ) Tj ET Q q 0 0 0 rg BT 512.22 682.20 Td (services ) Tj ET Q q 0 0 0 rg BT 547.50 682.20 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 670.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.76 670.20 Td (originators ) Tj ET Q q 0 0 0 rg BT 135.59 670.20 Td (may ) Tj ET Q q 0 0 0 rg BT 155.31 670.20 Td (order ) Tj ET Q q 0 0 0 rg BT 178.90 670.20 Td (during ) Tj ET Q q 0 0 0 rg BT 207.51 670.20 Td (the ) Tj ET Q q 0 0 0 rg BT 222.23 670.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 262.49 670.20 Td (origination ) Tj ET Q q 0 0 0 rg BT 308.88 670.20 Td (process.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 639.7 m 187 639.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191 639.7 m 563 639.7 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 644.43 Td (Type) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 193.50 644.43 Td (Description) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 630.27 Td (Credit Report) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 630.27 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 630.27 Td ( ) Tj ET Q q 0 0 0 rg BT 203.55 630.27 Td (report ) Tj ET Q q 0 0 0 rg BT 230.80 630.27 Td (verifying ) Tj ET Q q 0 0 0 rg BT 270.83 630.27 Td (a ) Tj ET Q q 0 0 0 rg BT 278.64 630.27 Td (loan ) Tj ET Q q 0 0 0 rg BT 299.23 630.27 Td (applicant) Tj ET Q q 0 0 0 rg BT 338.94 630.27 Td (s ) Tj ET Q q 0 0 0 rg BT 345.93 630.27 Td (credit ) Tj ET Q q 0 0 0 rg BT 372.07 630.27 Td (standing ) Tj ET Q q 0 0 0 rg BT 409.33 630.27 Td (to ) Tj ET Q q 0 0 0 rg BT 420.49 630.27 Td (predict ) Tj ET Q q 0 0 0 rg BT 451.63 630.27 Td (statistically ) Tj ET Q q 0 0 0 rg BT 500.55 630.27 Td (how ) Tj ET Q q 0 0 0 rg BT 521.14 630.27 Td (likely ) Tj ET Q q 0 0 0 rg BT 547.29 630.27 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 620.27 Td (applicant ) Tj ET Q q 0 0 0 rg BT 232.65 620.27 Td (is ) Tj ET Q q 0 0 0 rg BT 241.82 620.27 Td (to ) Tj ET Q q 0 0 0 rg BT 252.10 620.27 Td (repay ) Tj ET Q q 0 0 0 rg BT 276.81 620.27 Td (future ) Tj ET Q q 0 0 0 rg BT 303.18 620.27 Td (debts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 601.27 Td (Product Eligibility and Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 591.27 Td (Engine) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 601.27 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 601.27 Td ( ) Tj ET Q q 0 0 0 rg BT 202.22 601.27 Td (service ) Tj ET Q q 0 0 0 rg BT 232.59 601.27 Td (that ) Tj ET Q q 0 0 0 rg BT 249.64 601.27 Td (allows ) Tj ET Q q 0 0 0 rg BT 277.80 601.27 Td (a ) Tj ET Q q 0 0 0 rg BT 284.29 601.27 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 324.10 601.27 Td (originator ) Tj ET Q q 0 0 0 rg BT 365.59 601.27 Td (to ) Tj ET Q q 0 0 0 rg BT 375.42 601.27 Td (compare ) Tj ET Q q 0 0 0 rg BT 411.90 601.27 Td (loans ) Tj ET Q q 0 0 0 rg BT 435.06 601.27 Td (of) Tj ET Q q 0 0 0 rg BT 443.30 601.27 Td (fered ) Tj ET Q q 0 0 0 rg BT 465.80 601.27 Td (by ) Tj ET Q q 0 0 0 rg BT 477.85 601.27 Td (dif) Tj ET Q q 0 0 0 rg BT 488.87 601.27 Td (ferent ) Tj ET Q q 0 0 0 rg BT 514.14 601.27 Td (lenders ) Tj ET Q q 0 0 0 rg BT 545.07 601.27 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 591.27 Td (investors ) Tj ET Q q 0 0 0 rg BT 232.11 591.27 Td (to ) Tj ET Q q 0 0 0 rg BT 242.39 591.27 Td (determine ) Tj ET Q q 0 0 0 rg BT 284.87 591.27 Td (the ) Tj ET Q q 0 0 0 rg BT 299.58 591.27 Td (best ) Tj ET Q q 0 0 0 rg BT 318.19 591.27 Td (product ) Tj ET Q q 0 0 0 rg BT 351.24 591.27 Td (and ) Tj ET Q q 0 0 0 rg BT 368.18 591.27 Td (price ) Tj ET Q q 0 0 0 rg BT 390.66 591.27 Td (available ) Tj ET Q q 0 0 0 rg BT 429.25 591.27 Td (to ) Tj ET Q q 0 0 0 rg BT 439.53 591.27 Td (a ) Tj ET Q q 0 0 0 rg BT 446.47 591.27 Td (particular ) Tj ET Q q 0 0 0 rg BT 487.28 591.27 Td (borrower) Tj ET Q q 0 0 0 rg BT 523.65 591.27 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 572.27 Td (Automated Underwriting) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 572.27 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 572.27 Td ( ) Tj ET Q q 0 0 0 rg BT 202.55 572.27 Td (service ) Tj ET Q q 0 0 0 rg BT 233.25 572.27 Td (provided ) Tj ET Q q 0 0 0 rg BT 271.18 572.27 Td (by ) Tj ET Q q 0 0 0 rg BT 283.56 572.27 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 313.16 572.27 Td (Mae ) Tj ET Q q 0 0 0 rg BT 333.31 572.27 Td (and ) Tj ET Q q 0 0 0 rg BT 350.14 572.27 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 383.07 572.27 Td (Mac ) Tj ET Q q 0 0 0 rg BT 403.22 572.27 Td (that ) Tj ET Q q 0 0 0 rg BT 420.59 572.27 Td (analyzes ) Tj ET Q q 0 0 0 rg BT 457.40 572.27 Td (and ) Tj ET Q q 0 0 0 rg BT 474.22 572.27 Td (determines ) Tj ET Q q 0 0 0 rg BT 520.48 572.27 Td (whether ) Tj ET Q q 0 0 0 rg BT 555.07 572.27 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 562.27 Td (loan ) Tj ET Q q 0 0 0 rg BT 213.22 562.27 Td (meets ) Tj ET Q q 0 0 0 rg BT 239.04 562.27 Td (the ) Tj ET Q q 0 0 0 rg BT 253.76 562.27 Td (requirements ) Tj ET Q q 0 0 0 rg BT 308.46 562.27 Td (for ) Tj ET Q q 0 0 0 rg BT 322.62 562.27 Td (eventual ) Tj ET Q q 0 0 0 rg BT 358.99 562.27 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 405.38 562.27 Td (by ) Tj ET Q q 0 0 0 rg BT 417.88 562.27 Td (them.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 543.27 Td (Data Transmission to and from) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 533.27 Td (Lenders and Investors) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 543.27 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 235.63 543.27 Td (originators ) Tj ET Q q 0 0 0 rg BT 282.21 543.27 Td (transmit ) Tj ET Q q 0 0 0 rg BT 318.24 543.27 Td (data ) Tj ET Q q 0 0 0 rg BT 338.15 543.27 Td (for ) Tj ET Q q 0 0 0 rg BT 353.07 543.27 Td (loan ) Tj ET Q q 0 0 0 rg BT 373.54 543.27 Td (underwriting, ) Tj ET Q q 0 0 0 rg BT 430.95 543.27 Td (pricing ) Tj ET Q q 0 0 0 rg BT 462.54 543.27 Td (and ) Tj ET Q q 0 0 0 rg BT 480.23 543.27 Td (registration ) Tj ET Q q 0 0 0 rg BT 529.03 543.27 Td (prior ) Tj ET Q q 0 0 0 rg BT 551.72 543.27 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 533.27 Td (delivery ) Tj ET Q q 0 0 0 rg BT 228.76 533.27 Td (of ) Tj ET Q q 0 0 0 rg BT 239.59 533.27 Td (loan ) Tj ET Q q 0 0 0 rg BT 259.31 533.27 Td (package ) Tj ET Q q 0 0 0 rg BT 294.56 533.27 Td (to ) Tj ET Q q 0 0 0 rg BT 304.84 533.27 Td (the ) Tj ET Q q 0 0 0 rg BT 319.56 533.27 Td (lender) Tj ET Q q 0 0 0 rg BT 344.27 533.27 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 514.27 Td (Appraisal Report) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 514.27 Td (An ) Tj ET Q q 0 0 0 rg BT 207.67 514.27 Td (estimate ) Tj ET Q q 0 0 0 rg BT 242.94 514.27 Td (of ) Tj ET Q q 0 0 0 rg BT 253.21 514.27 Td (value ) Tj ET Q q 0 0 0 rg BT 276.82 514.27 Td (of ) Tj ET Q q 0 0 0 rg BT 287.09 514.27 Td (the ) Tj ET Q q 0 0 0 rg BT 301.26 514.27 Td (property ) Tj ET Q q 0 0 0 rg BT 337.08 514.27 Td (securing ) Tj ET Q q 0 0 0 rg BT 372.91 514.27 Td (the ) Tj ET Q q 0 0 0 rg BT 387.07 514.27 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 426.78 514.27 Td (conducted ) Tj ET Q q 0 0 0 rg BT 469.82 514.27 Td (by ) Tj ET Q q 0 0 0 rg BT 481.77 514.27 Td (a ) Tj ET Q q 0 0 0 rg BT 488.16 514.27 Td (licensed ) Tj ET Q q 0 0 0 rg BT 522.87 514.27 Td (appraiser ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 504.27 Td (and ) Tj ET Q q 0 0 0 rg BT 210.44 504.27 Td (used ) Tj ET Q q 0 0 0 rg BT 231.27 504.27 Td (by ) Tj ET Q q 0 0 0 rg BT 243.77 504.27 Td (the ) Tj ET Q q 0 0 0 rg BT 258.49 504.27 Td (lender ) Tj ET Q q 0 0 0 rg BT 285.97 504.27 Td (to ) Tj ET Q q 0 0 0 rg BT 296.25 504.27 Td (determine ) Tj ET Q q 0 0 0 rg BT 338.73 504.27 Td (whether ) Tj ET Q q 0 0 0 rg BT 373.44 504.27 Td (the ) Tj ET Q q 0 0 0 rg BT 388.15 504.27 Td (loan ) Tj ET Q q 0 0 0 rg BT 407.87 504.27 Td (is ) Tj ET Q q 0 0 0 rg BT 417.04 504.27 Td (adequately ) Tj ET Q q 0 0 0 rg BT 462.85 504.27 Td (collateralized.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 485.27 Td (Title Report; Insurance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 485.27 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 485.27 Td ( ) Tj ET Q q 0 0 0 rg BT 202.74 485.27 Td (report ) Tj ET Q q 0 0 0 rg BT 229.19 485.27 Td (ordered ) Tj ET Q q 0 0 0 rg BT 262.30 485.27 Td (on ) Tj ET Q q 0 0 0 rg BT 274.87 485.27 Td (the ) Tj ET Q q 0 0 0 rg BT 289.65 485.27 Td (property ) Tj ET Q q 0 0 0 rg BT 326.10 485.27 Td (to ) Tj ET Q q 0 0 0 rg BT 336.45 485.27 Td (examine ) Tj ET Q q 0 0 0 rg BT 372.89 485.27 Td (public ) Tj ET Q q 0 0 0 rg BT 400.46 485.27 Td (records ) Tj ET Q q 0 0 0 rg BT 432.46 485.27 Td (to ) Tj ET Q q 0 0 0 rg BT 442.81 485.27 Td (ensure ) Tj ET Q q 0 0 0 rg BT 471.48 485.27 Td (that ) Tj ET Q q 0 0 0 rg BT 489.04 485.27 Td (no ) Tj ET Q q 0 0 0 rg BT 501.62 485.27 Td (one ) Tj ET Q q 0 0 0 rg BT 518.62 485.27 Td (except ) Tj ET Q q 0 0 0 rg BT 547.29 485.27 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 475.27 Td (seller ) Tj ET Q q 0 0 0 rg BT 218.35 475.27 Td (or ) Tj ET Q q 0 0 0 rg BT 229.88 475.27 Td (borrower ) Tj ET Q q 0 0 0 rg BT 269.72 475.27 Td (has ) Tj ET Q q 0 0 0 rg BT 286.25 475.27 Td (a ) Tj ET Q q 0 0 0 rg BT 293.88 475.27 Td (valid ) Tj ET Q q 0 0 0 rg BT 317.07 475.27 Td (claim ) Tj ET Q q 0 0 0 rg BT 342.48 475.27 Td (on ) Tj ET Q q 0 0 0 rg BT 355.68 475.27 Td (the ) Tj ET Q q 0 0 0 rg BT 371.09 475.27 Td (property ) Tj ET Q q 0 0 0 rg BT 408.16 475.27 Td (and ) Tj ET Q q 0 0 0 rg BT 425.80 475.27 Td (to ) Tj ET Q q 0 0 0 rg BT 436.77 475.27 Td (disclose ) Tj ET Q q 0 0 0 rg BT 472.18 475.27 Td (past ) Tj ET Q q 0 0 0 rg BT 491.49 475.27 Td (and ) Tj ET Q q 0 0 0 rg BT 509.12 475.27 Td (current ) Tj ET Q q 0 0 0 rg BT 540.63 475.27 Td (facts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 465.27 Td (regarding ) Tj ET Q q 0 0 0 rg BT 234.12 465.27 Td (ownership ) Tj ET Q q 0 0 0 rg BT 278.09 465.27 Td (of ) Tj ET Q q 0 0 0 rg BT 288.73 465.27 Td (and ) Tj ET Q q 0 0 0 rg BT 305.47 465.27 Td (liens ) Tj ET Q q 0 0 0 rg BT 326.67 465.27 Td (on ) Tj ET Q q 0 0 0 rg BT 338.97 465.27 Td (the ) Tj ET Q q 0 0 0 rg BT 353.50 465.27 Td (property; ) Tj ET Q q 0 0 0 rg BT 392.46 465.27 Td (title ) Tj ET Q q 0 0 0 rg BT 410.32 465.27 Td (insurance ) Tj ET Q q 0 0 0 rg BT 450.94 465.27 Td (protects ) Tj ET Q q 0 0 0 rg BT 484.90 465.27 Td (the ) Tj ET Q q 0 0 0 rg BT 499.43 465.27 Td (insured ) Tj ET Q q 0 0 0 rg BT 531.17 465.27 Td (against ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 455.27 Td (any ) Tj ET Q q 0 0 0 rg BT 210.44 455.27 Td (loss ) Tj ET Q q 0 0 0 rg BT 228.50 455.27 Td (caused ) Tj ET Q q 0 0 0 rg BT 258.21 455.27 Td (by ) Tj ET Q q 0 0 0 rg BT 270.71 455.27 Td (defect ) Tj ET Q q 0 0 0 rg BT 297.63 455.27 Td (of ) Tj ET Q q 0 0 0 rg BT 308.46 455.27 Td (title ) Tj ET Q q 0 0 0 rg BT 326.51 455.27 Td (to ) Tj ET Q q 0 0 0 rg BT 336.79 455.27 Td (the ) Tj ET Q q 0 0 0 rg BT 351.51 455.27 Td (property) Tj ET Q q 0 0 0 rg BT 385.06 455.27 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 436.27 Td (Flood Certification) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 436.27 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 436.27 Td ( ) Tj ET Q q 0 0 0 rg BT 201.77 436.27 Td (report ) Tj ET Q q 0 0 0 rg BT 227.25 436.27 Td (that ) Tj ET Q q 0 0 0 rg BT 243.84 436.27 Td (determines ) Tj ET Q q 0 0 0 rg BT 289.32 436.27 Td (whether ) Tj ET Q q 0 0 0 rg BT 323.12 436.27 Td (the ) Tj ET Q q 0 0 0 rg BT 336.94 436.27 Td (property ) Tj ET Q q 0 0 0 rg BT 372.42 436.27 Td (is ) Tj ET Q q 0 0 0 rg BT 380.69 436.27 Td (located ) Tj ET Q q 0 0 0 rg BT 411.16 436.27 Td (in ) Tj ET Q q 0 0 0 rg BT 420.54 436.27 Td (a ) Tj ET Q q 0 0 0 rg BT 426.58 436.27 Td (flood ) Tj ET Q q 0 0 0 rg BT 449.29 436.27 Td (hazard ) Tj ET Q q 0 0 0 rg BT 477.54 436.27 Td (area ) Tj ET Q q 0 0 0 rg BT 495.78 436.27 Td (based ) Tj ET Q q 0 0 0 rg BT 520.15 436.27 Td (on ) Tj ET Q q 0 0 0 rg BT 531.75 436.27 Td (federal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 426.27 Td (flood ) Tj ET Q q 0 0 0 rg BT 218.50 426.27 Td (regulations ) Tj ET Q q 0 0 0 rg BT 266.82 426.27 Td (and ) Tj ET Q q 0 0 0 rg BT 285.15 426.27 Td (whether ) Tj ET Q q 0 0 0 rg BT 321.24 426.27 Td (the ) Tj ET Q q 0 0 0 rg BT 337.35 426.27 Td (lender ) Tj ET Q q 0 0 0 rg BT 366.22 426.27 Td (or ) Tj ET Q q 0 0 0 rg BT 378.44 426.27 Td (investor ) Tj ET Q q 0 0 0 rg BT 414.55 426.27 Td (will ) Tj ET Q q 0 0 0 rg BT 433.99 426.27 Td (require ) Tj ET Q q 0 0 0 rg BT 466.20 426.27 Td (flood ) Tj ET Q q 0 0 0 rg BT 491.19 426.27 Td (insurance ) Tj ET Q q 0 0 0 rg BT 533.40 426.27 Td (on ) Tj ET Q q 0 0 0 rg BT 547.29 426.27 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 416.27 Td (property) Tj ET Q q 0 0 0 rg BT 227.05 416.27 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 397.27 Td (Compliance Review) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 397.27 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 397.27 Td ( ) Tj ET Q q 0 0 0 rg BT 202.65 397.27 Td (service ) Tj ET Q q 0 0 0 rg BT 233.45 397.27 Td (that ) Tj ET Q q 0 0 0 rg BT 250.93 397.27 Td (reviews ) Tj ET Q q 0 0 0 rg BT 284.52 397.27 Td (a ) Tj ET Q q 0 0 0 rg BT 291.44 397.27 Td (loan ) Tj ET Q q 0 0 0 rg BT 311.14 397.27 Td (file ) Tj ET Q q 0 0 0 rg BT 326.95 397.27 Td (to ) Tj ET Q q 0 0 0 rg BT 337.21 397.27 Td (confirm ) Tj ET Q q 0 0 0 rg BT 371.35 397.27 Td (whether ) Tj ET Q q 0 0 0 rg BT 406.04 397.27 Td (a ) Tj ET Q q 0 0 0 rg BT 412.97 397.27 Td (loan ) Tj ET Q q 0 0 0 rg BT 432.67 397.27 Td (complies ) Tj ET Q q 0 0 0 rg BT 471.26 397.27 Td (with ) Tj ET Q q 0 0 0 rg BT 491.52 397.27 Td (federal, ) Tj ET Q q 0 0 0 rg BT 524.26 397.27 Td (state ) Tj ET Q q 0 0 0 rg BT 545.07 397.27 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 387.27 Td (local ) Tj ET Q q 0 0 0 rg BT 215.43 387.27 Td (regulations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 368.27 Td (Fraud Detection) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 368.27 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 368.27 Td ( ) Tj ET Q q 0 0 0 rg BT 203.96 368.27 Td (service ) Tj ET Q q 0 0 0 rg BT 236.07 368.27 Td (that ) Tj ET Q q 0 0 0 rg BT 254.85 368.27 Td (searches ) Tj ET Q q 0 0 0 rg BT 292.51 368.27 Td (through ) Tj ET Q q 0 0 0 rg BT 327.41 368.27 Td (a ) Tj ET Q q 0 0 0 rg BT 335.63 368.27 Td (number ) Tj ET Q q 0 0 0 rg BT 369.97 368.27 Td (of ) Tj ET Q q 0 0 0 rg BT 382.09 368.27 Td (data ) Tj ET Q q 0 0 0 rg BT 402.54 368.27 Td (fields ) Tj ET Q q 0 0 0 rg BT 428.54 368.27 Td (on ) Tj ET Q q 0 0 0 rg BT 442.33 368.27 Td (a ) Tj ET Q q 0 0 0 rg BT 450.56 368.27 Td (loan ) Tj ET Q q 0 0 0 rg BT 471.57 368.27 Td (application, ) Tj ET Q q 0 0 0 rg BT 522.29 368.27 Td (identifies ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 358.27 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 237.36 358.27 Td (or ) Tj ET Q q 0 0 0 rg BT 248.47 358.27 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 299.02 358.27 Td (data ) Tj ET Q q 0 0 0 rg BT 318.46 358.27 Td (or ) Tj ET Q q 0 0 0 rg BT 329.57 358.27 Td (suspicious ) Tj ET Q q 0 0 0 rg BT 374.02 358.27 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 433.44 358.27 Td (and ) Tj ET Q q 0 0 0 rg BT 450.66 358.27 Td (delivers ) Tj ET Q q 0 0 0 rg BT 485.10 358.27 Td (a ) Tj ET Q q 0 0 0 rg BT 492.32 358.27 Td (fraud ) Tj ET Q q 0 0 0 rg BT 516.20 358.27 Td (filter ) Tj ET Q q 0 0 0 rg BT 538.41 358.27 Td (score ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 348.27 Td (report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 329.27 Td (Document Preparation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 329.27 Td (A) Tj ET Q q 0 0 0 rg BT 200.45 329.27 Td ( ) Tj ET Q q 0 0 0 rg BT 202.55 329.27 Td (service ) Tj ET Q q 0 0 0 rg BT 233.25 329.27 Td (that ) Tj ET Q q 0 0 0 rg BT 250.63 329.27 Td (automates ) Tj ET Q q 0 0 0 rg BT 293.55 329.27 Td (the ) Tj ET Q q 0 0 0 rg BT 308.15 329.27 Td (process ) Tj ET Q q 0 0 0 rg BT 340.53 329.27 Td (of ) Tj ET Q q 0 0 0 rg BT 351.24 329.27 Td (preparing ) Tj ET Q q 0 0 0 rg BT 391.94 329.27 Td (the ) Tj ET Q q 0 0 0 rg BT 406.54 329.27 Td (legal ) Tj ET Q q 0 0 0 rg BT 428.35 329.27 Td (documents ) Tj ET Q q 0 0 0 rg BT 474.06 329.27 Td (required ) Tj ET Q q 0 0 0 rg BT 509.76 329.27 Td (for ) Tj ET Q q 0 0 0 rg BT 523.80 329.27 Td (closing ) Tj ET Q q 0 0 0 rg BT 555.07 329.27 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 319.27 Td (loan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 300.27 Td (Mortgage Insurance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 300.27 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 234.60 300.27 Td (that ) Tj ET Q q 0 0 0 rg BT 251.83 300.27 Td (protects ) Tj ET Q q 0 0 0 rg BT 285.71 300.27 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 325.71 300.27 Td (lenders ) Tj ET Q q 0 0 0 rg BT 356.82 300.27 Td (against ) Tj ET Q q 0 0 0 rg BT 387.37 300.27 Td (loss ) Tj ET Q q 0 0 0 rg BT 405.17 300.27 Td (in ) Tj ET Q q 0 0 0 rg BT 415.17 300.27 Td (the ) Tj ET Q q 0 0 0 rg BT 429.62 300.27 Td (event ) Tj ET Q q 0 0 0 rg BT 453.51 300.27 Td (of ) Tj ET Q q 0 0 0 rg BT 464.07 300.27 Td (default ) Tj ET Q q 0 0 0 rg BT 494.07 300.27 Td (by ) Tj ET Q q 0 0 0 rg BT 506.30 300.27 Td (the ) Tj ET Q q 0 0 0 rg BT 520.75 300.27 Td (borrower) Tj ET Q q 0 0 0 rg BT 557.20 300.27 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 290.27 Td (which ) Tj ET Q q 0 0 0 rg BT 220.44 290.27 Td (can ) Tj ET Q q 0 0 0 rg BT 236.82 290.27 Td (allow ) Tj ET Q q 0 0 0 rg BT 261.53 290.27 Td (lenders ) Tj ET Q q 0 0 0 rg BT 292.91 290.27 Td (to ) Tj ET Q q 0 0 0 rg BT 303.19 290.27 Td (make ) Tj ET Q q 0 0 0 rg BT 327.34 290.27 Td (loans ) Tj ET Q q 0 0 0 rg BT 350.95 290.27 Td (with ) Tj ET Q q 0 0 0 rg BT 371.23 290.27 Td (lower ) Tj ET Q q 0 0 0 rg BT 396.50 290.27 Td (down ) Tj ET Q q 0 0 0 rg BT 421.22 290.27 Td (payments ) Tj ET Q q 0 0 0 rg BT 462.04 290.27 Td (from ) Tj ET Q q 0 0 0 rg BT 483.98 290.27 Td (borrowers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 271.27 Td (Income, Identity and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 261.27 Td (Employment Verifications) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 271.27 Td (Services ) Tj ET Q q 0 0 0 rg BT 232.56 271.27 Td (that ) Tj ET Q q 0 0 0 rg BT 252.73 271.27 Td (automate ) Tj ET Q q 0 0 0 rg BT 294.56 271.27 Td (the ) Tj ET Q q 0 0 0 rg BT 311.95 271.27 Td (verification ) Tj ET Q q 0 0 0 rg BT 363.22 271.27 Td (of ) Tj ET Q q 0 0 0 rg BT 376.73 271.27 Td (each ) Tj ET Q q 0 0 0 rg BT 400.22 271.27 Td (of ) Tj ET Q q 0 0 0 rg BT 413.73 271.27 Td (a ) Tj ET Q q 0 0 0 rg BT 423.35 271.27 Td (borrower) Tj ET Q q 0 0 0 rg BT 460.37 271.27 Td () Tj ET Q q 0 0 0 rg BT 463.15 271.27 Td (s ) Tj ET Q q 0 0 0 rg BT 472.22 271.27 Td (income, ) Tj ET Q q 0 0 0 rg BT 509.33 271.27 Td (identity ) Tj ET Q q 0 0 0 rg BT 545.06 271.27 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 261.27 Td (employment ) Tj ET Q q 0 0 0 rg BT 246.98 261.27 Td (through ) Tj ET Q q 0 0 0 rg BT 281.57 261.27 Td (a ) Tj ET Q q 0 0 0 rg BT 289.49 261.27 Td (variety ) Tj ET Q q 0 0 0 rg BT 320.74 261.27 Td (of ) Tj ET Q q 0 0 0 rg BT 332.56 261.27 Td (sources, ) Tj ET Q q 0 0 0 rg BT 368.53 261.27 Td (including ) Tj ET Q q 0 0 0 rg BT 409.79 261.27 Td (the ) Tj ET Q q 0 0 0 rg BT 425.49 261.27 Td (Internal ) Tj ET Q q 0 0 0 rg BT 460.07 261.27 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 498.54 261.27 Td (Service, ) Tj ET Q q 0 0 0 rg BT 534.51 261.27 Td (Social ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.50 251.27 Td (Security ) Tj ET Q q 0 0 0 rg BT 228.77 251.27 Td (Administration ) Tj ET Q q 0 0 0 rg BT 291.83 251.27 Td (and ) Tj ET Q q 0 0 0 rg BT 308.76 251.27 Td (other ) Tj ET Q q 0 0 0 rg BT 331.81 251.27 Td (third ) Tj ET Q q 0 0 0 rg BT 353.20 251.27 Td (parties.) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 222.20 Td (Sales, ) Tj ET Q q 0 0 0 rg BT 76.17 222.20 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 124.22 222.20 Td (and ) Tj ET Q q 0 0 0 rg BT 142.84 222.20 Td (Customer) Tj ET Q q 0 0 0 rg BT 184.87 222.20 Td ( ) Tj ET Q q 0 0 0 rg BT 187.37 222.20 Td (Support) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 205.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.04 205.80 Td (sales ) Tj ET Q q 0 0 0 rg BT 113.47 205.80 Td (force ) Tj ET Q q 0 0 0 rg BT 137.00 205.80 Td (consists ) Tj ET Q q 0 0 0 rg BT 171.67 205.80 Td (of ) Tj ET Q q 0 0 0 rg BT 182.99 205.80 Td (four ) Tj ET Q q 0 0 0 rg BT 202.64 205.80 Td (distinct ) Tj ET Q q 0 0 0 rg BT 235.08 205.80 Td (teams ) Tj ET Q q 0 0 0 rg BT 261.39 205.80 Td (who ) Tj ET Q q 0 0 0 rg BT 281.61 205.80 Td (are ) Tj ET Q q 0 0 0 rg BT 296.81 205.80 Td (deployed ) Tj ET Q q 0 0 0 rg BT 336.45 205.80 Td (across ) Tj ET Q q 0 0 0 rg BT 364.44 205.80 Td (the ) Tj ET Q q 0 0 0 rg BT 379.65 205.80 Td (country ) Tj ET Q q 0 0 0 rg BT 413.18 205.80 Td (in ) Tj ET Q q 0 0 0 rg BT 423.96 205.80 Td (Sales ) Tj ET Q q 0 0 0 rg BT 448.06 205.80 Td (Development, ) Tj ET Q q 0 0 0 rg BT 507.42 205.80 Td (New ) Tj ET Q q 0 0 0 rg BT 528.63 205.80 Td (Account ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 193.80 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 101.43 193.80 Td (Solution ) Tj ET Q q 0 0 0 rg BT 138.08 193.80 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 189.72 193.80 Td (and ) Tj ET Q q 0 0 0 rg BT 206.31 193.80 Td (Account ) Tj ET Q q 0 0 0 rg BT 242.95 193.80 Td (Management. ) Tj ET Q q 0 0 0 rg BT 300.21 193.80 Td (These ) Tj ET Q q 0 0 0 rg BT 326.85 193.80 Td (teams ) Tj ET Q q 0 0 0 rg BT 352.93 193.80 Td (manage ) Tj ET Q q 0 0 0 rg BT 386.79 193.80 Td (our ) Tj ET Q q 0 0 0 rg BT 402.88 193.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 442.30 193.80 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 482.54 193.80 Td (focus ) Tj ET Q q 0 0 0 rg BT 506.96 193.80 Td (on ) Tj ET Q q 0 0 0 rg BT 519.73 193.80 Td (continuing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 181.80 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 181.80 Td (expand ) Tj ET Q q 0 0 0 rg BT 91.16 181.80 Td (the ) Tj ET Q q 0 0 0 rg BT 105.87 181.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 145.03 181.80 Td (base ) Tj ET Q q 0 0 0 rg BT 165.30 181.80 Td (and ) Tj ET Q q 0 0 0 rg BT 182.23 181.80 Td (encourage ) Tj ET Q q 0 0 0 rg BT 225.82 181.80 Td (adoption ) Tj ET Q q 0 0 0 rg BT 263.31 181.80 Td (of ) Tj ET Q q 0 0 0 rg BT 274.14 181.80 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.86 181.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 310.24 181.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 330.51 181.80 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.50 181.80 Td (. ) Tj ET Q q 0 0 0 rg BT 370.50 181.80 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 165.40 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 165.40 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 165.40 Td (o ) Tj ET Q q 0 0 0 rg BT 97.64 165.40 Td (build ) Tj ET Q q 0 0 0 rg BT 119.92 165.40 Td (brand ) Tj ET Q q 0 0 0 rg BT 144.42 165.40 Td (awareness ) Tj ET Q q 0 0 0 rg BT 187.24 165.40 Td (and ) Tj ET Q q 0 0 0 rg BT 203.41 165.40 Td (generate ) Tj ET Q q 0 0 0 rg BT 239.00 165.40 Td (sales ) Tj ET Q q 0 0 0 rg BT 260.16 165.40 Td (leads, ) Tj ET Q q 0 0 0 rg BT 284.94 165.40 Td (we ) Tj ET Q q 0 0 0 rg BT 298.33 165.40 Td (conduct ) Tj ET Q q 0 0 0 rg BT 331.71 165.40 Td (direct ) Tj ET Q q 0 0 0 rg BT 356.20 165.40 Td (marketing ) Tj ET Q q 0 0 0 rg BT 398.47 165.40 Td (campaigns, ) Tj ET Q q 0 0 0 rg BT 445.47 165.40 Td (web-based ) Tj ET Q q 0 0 0 rg BT 489.95 165.40 Td (workshops, ) Tj ET Q q 0 0 0 rg BT 537.52 165.40 Td (public ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 153.40 Td (relations ) Tj ET Q q 0 0 0 rg BT 86.02 153.40 Td (campaigns ) Tj ET Q q 0 0 0 rg BT 130.87 153.40 Td (and ) Tj ET Q q 0 0 0 rg BT 147.40 153.40 Td (media ) Tj ET Q q 0 0 0 rg BT 173.92 153.40 Td (advertising. ) Tj ET Q q 0 0 0 rg BT 222.79 153.40 Td (W) Tj ET Q q 0 0 0 rg BT 231.43 153.40 Td (e ) Tj ET Q q 0 0 0 rg BT 237.95 153.40 Td (attend ) Tj ET Q q 0 0 0 rg BT 264.47 153.40 Td (and ) Tj ET Q q 0 0 0 rg BT 281.00 153.40 Td (sponsor ) Tj ET Q q 0 0 0 rg BT 314.20 153.40 Td (many ) Tj ET Q q 0 0 0 rg BT 338.50 153.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 378.36 153.40 Td (and ) Tj ET Q q 0 0 0 rg BT 394.88 153.40 Td (banking ) Tj ET Q q 0 0 0 rg BT 429.19 153.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 464.05 153.40 Td (conferences ) Tj ET Q q 0 0 0 rg BT 513.88 153.40 Td (and ) Tj ET Q q 0 0 0 rg BT 530.41 153.40 Td (host ) Tj ET Q q 0 0 0 rg BT 549.17 153.40 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 141.40 Td (own ) Tj ET Q q 0 0 0 rg BT 69.22 141.40 Td (user ) Tj ET Q q 0 0 0 rg BT 88.38 141.40 Td (summit ) Tj ET Q q 0 0 0 rg BT 120.89 141.40 Td (to ) Tj ET Q q 0 0 0 rg BT 131.17 141.40 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 175.32 141.40 Td (our ) Tj ET Q q 0 0 0 rg BT 191.15 141.40 Td (brand ) Tj ET Q q 0 0 0 rg BT 216.42 141.40 Td (and ) Tj ET Q q 0 0 0 rg BT 233.36 141.40 Td (broaden ) Tj ET Q q 0 0 0 rg BT 268.06 141.40 Td (the ) Tj ET Q q 0 0 0 rg BT 282.78 141.40 Td (business ) Tj ET Q q 0 0 0 rg BT 319.17 141.40 Td (within ) Tj ET Q q 0 0 0 rg BT 347.23 141.40 Td (our ) Tj ET Q q 0 0 0 rg BT 363.06 141.40 Td (customer ) Tj ET Q q 0 0 0 rg BT 402.21 141.40 Td (base.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 119.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.88 119.50 Td (implementation ) Tj ET Q q 0 0 0 rg BT 156.47 119.50 Td (and ) Tj ET Q q 0 0 0 rg BT 173.73 119.50 Td (support ) Tj ET Q q 0 0 0 rg BT 206.56 119.50 Td (teams ) Tj ET Q q 0 0 0 rg BT 232.71 119.50 Td (promote ) Tj ET Q q 0 0 0 rg BT 268.86 119.50 Td (best ) Tj ET Q q 0 0 0 rg BT 287.80 119.50 Td (practices-based ) Tj ET Q q 0 0 0 rg BT 352.25 119.50 Td (implementations ) Tj ET Q q 0 0 0 rg BT 421.73 119.50 Td (to ) Tj ET Q q 0 0 0 rg BT 432.34 119.50 Td (allow ) Tj ET Q q 0 0 0 rg BT 457.38 119.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 500.75 119.50 Td (to ) Tj ET Q q 0 0 0 rg BT 511.36 119.50 Td (support ) Tj ET Q q 0 0 0 rg BT 544.19 119.50 Td (their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 107.50 Td (preferred ) Tj ET Q q 0 0 0 rg BT 87.45 107.50 Td (work ) Tj ET Q q 0 0 0 rg BT 109.31 107.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 132.85 107.50 Td (and ) Tj ET Q q 0 0 0 rg BT 148.60 107.50 Td (integrate ) Tj ET Q q 0 0 0 rg BT 184.89 107.50 Td (with ) Tj ET Q q 0 0 0 rg BT 203.98 107.50 Td (other ) Tj ET Q q 0 0 0 rg BT 225.84 107.50 Td (critical ) Tj ET Q q 0 0 0 rg BT 254.91 107.50 Td (systems ) Tj ET Q q 0 0 0 rg BT 287.89 107.50 Td (while ) Tj ET Q q 0 0 0 rg BT 311.42 107.50 Td (improving ) Tj ET Q q 0 0 0 rg BT 354.40 107.50 Td (productivity ) Tj ET Q q 0 0 0 rg BT 404.60 107.50 Td (and ) Tj ET Q q 0 0 0 rg BT 420.35 107.50 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 456.10 107.50 Td (that ) Tj ET Q q 0 0 0 rg BT 472.41 107.50 Td (they ) Tj ET Q q 0 0 0 rg BT 490.93 107.50 Td (remain ) Tj ET Q q 0 0 0 rg BT 520.01 107.50 Td (compliant. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 95.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.50 95.50 Td (product ) Tj ET Q q 0 0 0 rg BT 100.50 95.50 Td (training ) Tj ET Q q 0 0 0 rg BT 134.05 95.50 Td (representatives ) Tj ET Q q 0 0 0 rg BT 196.47 95.50 Td (of) Tj ET Q q 0 0 0 rg BT 204.62 95.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 218.16 95.50 Td (live ) Tj ET Q q 0 0 0 rg BT 235.61 95.50 Td (and ) Tj ET Q q 0 0 0 rg BT 252.50 95.50 Td (online ) Tj ET Q q 0 0 0 rg BT 279.94 95.50 Td (technical ) Tj ET Q q 0 0 0 rg BT 318.48 95.50 Td (support ) Tj ET Q q 0 0 0 rg BT 350.93 95.50 Td (and ) Tj ET Q q 0 0 0 rg BT 367.81 95.50 Td (product ) Tj ET Q q 0 0 0 rg BT 400.81 95.50 Td (training. ) Tj ET Q q 0 0 0 rg BT 436.86 95.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 454.86 95.50 Td (training ) Tj ET Q q 0 0 0 rg BT 488.41 95.50 Td (catalogue ) Tj ET Q q 0 0 0 rg BT 529.17 95.50 Td (includes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 83.50 Td (a ) Tj ET Q q 0 0 0 rg BT 55.93 83.50 Td (variety ) Tj ET Q q 0 0 0 rg BT 85.68 83.50 Td (of ) Tj ET Q q 0 0 0 rg BT 96.01 83.50 Td (training ) Tj ET Q q 0 0 0 rg BT 129.10 83.50 Td (programs ) Tj ET Q q 0 0 0 rg BT 168.86 83.50 Td (including ) Tj ET Q q 0 0 0 rg BT 208.63 83.50 Td (in-field ) Tj ET Q q 0 0 0 rg BT 240.05 83.50 Td (custom ) Tj ET Q q 0 0 0 rg BT 270.93 83.50 Td (seminars ) Tj ET Q q 0 0 0 rg BT 308.47 83.50 Td (for ) Tj ET Q q 0 0 0 rg BT 322.12 83.50 Td (lar) Tj ET Q q 0 0 0 rg BT 332.48 83.50 Td (ger ) Tj ET Q q 0 0 0 rg BT 347.24 83.50 Td (groups ) Tj ET Q q 0 0 0 rg BT 376.46 83.50 Td (of ) Tj ET Q q 0 0 0 rg BT 386.78 83.50 Td (customers, ) Tj ET Q q 0 0 0 rg BT 431.82 83.50 Td (live ) Tj ET Q q 0 0 0 rg BT 448.80 83.50 Td (or ) Tj ET Q q 0 0 0 rg BT 459.12 83.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 496.09 83.50 Td (on-line ) Tj ET Q q 0 0 0 rg BT 526.41 83.50 Td (webinars ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 71.50 Td (to ) Tj ET Q q 0 0 0 rg BT 59.08 71.50 Td (assist ) Tj ET Q q 0 0 0 rg BT 82.55 71.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 124.90 71.50 Td (in ) Tj ET Q q 0 0 0 rg BT 134.48 71.50 Td (conducting ) Tj ET Q q 0 0 0 rg BT 180.72 71.50 Td (a ) Tj ET Q q 0 0 0 rg BT 186.96 71.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 226.52 71.50 Td (business ) Tj ET Q q 0 0 0 rg BT 262.21 71.50 Td (in ) Tj ET Q q 0 0 0 rg BT 271.79 71.50 Td (general ) Tj ET Q q 0 0 0 rg BT 303.02 71.50 Td (and ) Tj ET Q q 0 0 0 rg BT 319.26 71.50 Td (in ) Tj ET Q q 0 0 0 rg BT 328.84 71.50 Td (using ) Tj ET Q q 0 0 0 rg BT 352.31 71.50 Td (our ) Tj ET Q q 0 0 0 rg BT 367.44 71.50 Td (products ) Tj ET Q q 0 0 0 rg BT 403.68 71.50 Td (in ) Tj ET Q q 0 0 0 rg BT 413.26 71.50 Td (particular) Tj ET Q q 0 0 0 rg BT 451.17 71.50 Td (, ) Tj ET Q q 0 0 0 rg BT 455.48 71.50 Td (and ) Tj ET Q q 0 0 0 rg BT 471.72 71.50 Td (in-product ) Tj ET Q q 0 0 0 rg BT 515.17 71.50 Td (and ) Tj ET Q q 0 0 0 rg BT 531.41 71.50 Td (training ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 59.50 Td (videos ) Tj ET Q q 0 0 0 rg BT 78.11 59.50 Td (to ) Tj ET Q q 0 0 0 rg BT 88.39 59.50 Td (allow ) Tj ET Q q 0 0 0 rg BT 113.10 59.50 Td (training ) Tj ET Q q 0 0 0 rg BT 146.71 59.50 Td (on ) Tj ET Q q 0 0 0 rg BT 159.21 59.50 Td (demand.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 33.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 33.60 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.25 740.25 Td (echnology) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 723.85 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.55 723.85 Td (technology ) Tj ET Q q 0 0 0 rg BT 137.49 723.85 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 193.85 723.85 Td (supports ) Tj ET Q q 0 0 0 rg BT 230.24 723.85 Td (all ) Tj ET Q q 0 0 0 rg BT 242.73 723.85 Td (of ) Tj ET Q q 0 0 0 rg BT 253.56 723.85 Td (our ) Tj ET Q q 0 0 0 rg BT 269.39 723.85 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 316.88 723.85 Td (products ) Tj ET Q q 0 0 0 rg BT 353.82 723.85 Td (and ) Tj ET Q q 0 0 0 rg BT 370.76 723.85 Td (services.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 697.55 Td (Data ) Tj ET Q q 0 0 0 rg BT 74.00 697.55 Td (Centers ) Tj ET Q q 0 0 0 rg BT 107.61 697.55 Td (and ) Tj ET Q q 0 0 0 rg BT 125.11 697.55 Td (Network ) Tj ET Q q 0 0 0 rg BT 161.31 697.55 Td (Access) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 681.15 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.22 681.15 Td (primary ) Tj ET Q q 0 0 0 rg BT 126.05 681.15 Td (data ) Tj ET Q q 0 0 0 rg BT 145.88 681.15 Td (centers ) Tj ET Q q 0 0 0 rg BT 177.36 681.15 Td (are ) Tj ET Q q 0 0 0 rg BT 192.74 681.15 Td (hosted ) Tj ET Q q 0 0 0 rg BT 222.02 681.15 Td (by ) Tj ET Q q 0 0 0 rg BT 235.19 681.15 Td (a ) Tj ET Q q 0 0 0 rg BT 242.80 681.15 Td (leading ) Tj ET Q q 0 0 0 rg BT 275.41 681.15 Td (SSAE-16 ) Tj ET Q q 0 0 0 rg BT 316.13 681.15 Td (T) Tj ET Q q 0 0 0 rg BT 321.54 681.15 Td (ype ) Tj ET Q q 0 0 0 rg BT 339.15 681.15 Td (II ) Tj ET Q q 0 0 0 rg BT 348.98 681.15 Td (certified ) Tj ET Q q 0 0 0 rg BT 385.47 681.15 Td (provider ) Tj ET Q q 0 0 0 rg BT 422.52 681.15 Td (of ) Tj ET Q q 0 0 0 rg BT 434.02 681.15 Td (hosting ) Tj ET Q q 0 0 0 rg BT 466.64 681.15 Td (services ) Tj ET Q q 0 0 0 rg BT 502.01 681.15 Td (in ) Tj ET Q q 0 0 0 rg BT 512.96 681.15 Td (Santa ) Tj ET Q q 0 0 0 rg BT 538.35 681.15 Td (Clara, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 669.15 Td (California ) Tj ET Q q 0 0 0 rg BT 92.61 669.15 Td (and ) Tj ET Q q 0 0 0 rg BT 109.62 669.15 Td (Chicago, ) Tj ET Q q 0 0 0 rg BT 148.02 669.15 Td (Illinois. ) Tj ET Q q 0 0 0 rg BT 180.85 669.15 Td (All ) Tj ET Q q 0 0 0 rg BT 196.20 669.15 Td (applications ) Tj ET Q q 0 0 0 rg BT 247.09 669.15 Td (provided ) Tj ET Q q 0 0 0 rg BT 285.21 669.15 Td (by ) Tj ET Q q 0 0 0 rg BT 297.78 669.15 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 319.23 669.15 Td (Mae ) Tj ET Q q 0 0 0 rg BT 339.57 669.15 Td (will ) Tj ET Q q 0 0 0 rg BT 357.69 669.15 Td (run ) Tj ET Q q 0 0 0 rg BT 373.59 669.15 Td (actively ) Tj ET Q q 0 0 0 rg BT 407.81 669.15 Td (in ) Tj ET Q q 0 0 0 rg BT 418.16 669.15 Td (either ) Tj ET Q q 0 0 0 rg BT 443.50 669.15 Td (of ) Tj ET Q q 0 0 0 rg BT 454.40 669.15 Td (these ) Tj ET Q q 0 0 0 rg BT 477.51 669.15 Td (two ) Tj ET Q q 0 0 0 rg BT 495.08 669.15 Td (sites ) Tj ET Q q 0 0 0 rg BT 515.43 669.15 Td (at ) Tj ET Q q 0 0 0 rg BT 525.22 669.15 Td (any ) Tj ET Q q 0 0 0 rg BT 542.23 669.15 Td (time. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 657.15 Td (During ) Tj ET Q q 0 0 0 rg BT 80.02 657.15 Td (2012, ) Tj ET Q q 0 0 0 rg BT 104.71 657.15 Td (we ) Tj ET Q q 0 0 0 rg BT 118.56 657.15 Td (performed ) Tj ET Q q 0 0 0 rg BT 162.40 657.15 Td (a ) Tj ET Q q 0 0 0 rg BT 169.02 657.15 Td (complete ) Tj ET Q q 0 0 0 rg BT 207.86 657.15 Td (refresh ) Tj ET Q q 0 0 0 rg BT 237.81 657.15 Td (of ) Tj ET Q q 0 0 0 rg BT 248.33 657.15 Td (our ) Tj ET Q q 0 0 0 rg BT 263.85 657.15 Td (data ) Tj ET Q q 0 0 0 rg BT 282.70 657.15 Td (centers ) Tj ET Q q 0 0 0 rg BT 313.20 657.15 Td (and ) Tj ET Q q 0 0 0 rg BT 329.83 657.15 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 385.88 657.15 Td (to ) Tj ET Q q 0 0 0 rg BT 395.85 657.15 Td (increase ) Tj ET Q q 0 0 0 rg BT 430.80 657.15 Td (reliability) Tj ET Q q 0 0 0 rg BT 469.02 657.15 Td (, ) Tj ET Q q 0 0 0 rg BT 473.71 657.15 Td (meet ) Tj ET Q q 0 0 0 rg BT 495.34 657.15 Td (future ) Tj ET Q q 0 0 0 rg BT 521.40 657.15 Td (scalability ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 645.15 Td (needs ) Tj ET Q q 0 0 0 rg BT 75.74 645.15 Td (and ) Tj ET Q q 0 0 0 rg BT 93.65 645.15 Td (support ) Tj ET Q q 0 0 0 rg BT 127.12 645.15 Td (the ) Tj ET Q q 0 0 0 rg BT 142.81 645.15 Td (product ) Tj ET Q q 0 0 0 rg BT 176.82 645.15 Td (roadmap ) Tj ET Q q 0 0 0 rg BT 215.28 645.15 Td (going ) Tj ET Q q 0 0 0 rg BT 241.53 645.15 Td (forward. ) Tj ET Q q 0 0 0 rg BT 278.90 645.15 Td (This ) Tj ET Q q 0 0 0 rg BT 300.15 645.15 Td (ef) Tj ET Q q 0 0 0 rg BT 307.74 645.15 Td (fort ) Tj ET Q q 0 0 0 rg BT 325.65 645.15 Td (has ) Tj ET Q q 0 0 0 rg BT 342.45 645.15 Td (significantly ) Tj ET Q q 0 0 0 rg BT 395.91 645.15 Td (increased ) Tj ET Q q 0 0 0 rg BT 437.13 645.15 Td (overall ) Tj ET Q q 0 0 0 rg BT 468.37 645.15 Td (systems ) Tj ET Q q 0 0 0 rg BT 503.51 645.15 Td (capacity ) Tj ET Q q 0 0 0 rg BT 540.29 645.15 Td (while ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 633.15 Td (adopting ) Tj ET Q q 0 0 0 rg BT 87.00 633.15 Td (industry ) Tj ET Q q 0 0 0 rg BT 122.27 633.15 Td (standard ) Tj ET Q q 0 0 0 rg BT 158.65 633.15 Td (certified ) Tj ET Q q 0 0 0 rg BT 194.46 633.15 Td (design ) Tj ET Q q 0 0 0 rg BT 223.07 633.15 Td (which ) Tj ET Q q 0 0 0 rg BT 250.01 633.15 Td (is ) Tj ET Q q 0 0 0 rg BT 259.18 633.15 Td (independently ) Tj ET Q q 0 0 0 rg BT 318.33 633.15 Td (audited ) Tj ET Q q 0 0 0 rg BT 350.26 633.15 Td (for ) Tj ET Q q 0 0 0 rg BT 364.42 633.15 Td (security ) Tj ET Q q 0 0 0 rg BT 398.58 633.15 Td (and ) Tj ET Q q 0 0 0 rg BT 415.52 633.15 Td (scalability) Tj ET Q q 0 0 0 rg BT 455.96 633.15 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 611.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.36 611.25 Td (data ) Tj ET Q q 0 0 0 rg BT 109.32 611.25 Td (centers ) Tj ET Q q 0 0 0 rg BT 139.94 611.25 Td (host ) Tj ET Q q 0 0 0 rg BT 158.92 611.25 Td (all ) Tj ET Q q 0 0 0 rg BT 171.23 611.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.86 611.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.39 611.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 217.58 611.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 237.66 611.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.65 611.25 Td ( ) Tj ET Q q 0 0 0 rg BT 274.96 611.25 Td (services ) Tj ET Q q 0 0 0 rg BT 309.47 611.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.22 611.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 348.53 611.25 Td (versions ) Tj ET Q q 0 0 0 rg BT 384.17 611.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.80 611.25 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 444.99 611.25 Td (The ) Tj ET Q q 0 0 0 rg BT 462.85 611.25 Td (data ) Tj ET Q q 0 0 0 rg BT 481.81 611.25 Td (centers ) Tj ET Q q 0 0 0 rg BT 512.44 611.25 Td (are ) Tj ET Q q 0 0 0 rg BT 526.95 611.25 Td (designed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.46 599.25 Td (fault ) Tj ET Q q 0 0 0 rg BT 91.96 599.25 Td (tolerance ) Tj ET Q q 0 0 0 rg BT 131.78 599.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 175.50 599.25 Td (for ) Tj ET Q q 0 0 0 rg BT 190.33 599.25 Td (all ) Tj ET Q q 0 0 0 rg BT 203.51 599.25 Td (layers ) Tj ET Q q 0 0 0 rg BT 230.56 599.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.07 599.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.46 599.25 Td (platform ) Tj ET Q q 0 0 0 rg BT 295.08 599.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.69 599.25 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 372.23 599.25 Td (including ) Tj ET Q q 0 0 0 rg BT 413.18 599.25 Td (routers, ) Tj ET Q q 0 0 0 rg BT 446.63 599.25 Td (switches, ) Tj ET Q q 0 0 0 rg BT 486.75 599.25 Td (load ) Tj ET Q q 0 0 0 rg BT 507.14 599.25 Td (balancers ) Tj ET Q q 0 0 0 rg BT 548.07 599.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 587.25 Td (firewalls, ) Tj ET Q q 0 0 0 rg BT 89.74 587.25 Td (as ) Tj ET Q q 0 0 0 rg BT 100.83 587.25 Td (well ) Tj ET Q q 0 0 0 rg BT 120.81 587.25 Td (as ) Tj ET Q q 0 0 0 rg BT 131.89 587.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.87 587.25 Td (web ) Tj ET Q q 0 0 0 rg BT 166.29 587.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.48 587.25 Td (application ) Tj ET Q q 0 0 0 rg BT 230.67 587.25 Td (services ) Tj ET Q q 0 0 0 rg BT 265.63 587.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.83 587.25 Td (backend ) Tj ET Q q 0 0 0 rg BT 318.90 587.25 Td (database ) Tj ET Q q 0 0 0 rg BT 356.08 587.25 Td (connections. ) Tj ET Q q 0 0 0 rg BT 409.11 587.25 Td (In ) Tj ET Q q 0 0 0 rg BT 420.19 587.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.17 587.25 Td (event ) Tj ET Q q 0 0 0 rg BT 459.58 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.67 587.25 Td (a ) Tj ET Q q 0 0 0 rg BT 477.87 587.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 517.27 587.25 Td (site ) Tj ET Q q 0 0 0 rg BT 533.92 587.25 Td (failure, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 575.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.15 575.25 Td (as ) Tj ET Q q 0 0 0 rg BT 80.80 575.25 Td (may ) Tj ET Q q 0 0 0 rg BT 100.34 575.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 124.87 575.25 Td (in ) Tj ET Q q 0 0 0 rg BT 134.97 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.51 575.25 Td (event ) Tj ET Q q 0 0 0 rg BT 173.49 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.14 575.25 Td (a ) Tj ET Q q 0 0 0 rg BT 190.90 575.25 Td (regional ) Tj ET Q q 0 0 0 rg BT 225.98 575.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 256.07 575.25 Td (disaster) Tj ET Q q 0 0 0 rg BT 286.22 575.25 Td (, ) Tj ET Q q 0 0 0 rg BT 291.04 575.25 Td (all ) Tj ET Q q 0 0 0 rg BT 303.35 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.01 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.55 575.25 Td (services ) Tj ET Q q 0 0 0 rg BT 363.07 575.25 Td (in ) Tj ET Q q 0 0 0 rg BT 373.17 575.25 Td (a ) Tj ET Q q 0 0 0 rg BT 379.93 575.25 Td (site ) Tj ET Q q 0 0 0 rg BT 396.14 575.25 Td (can ) Tj ET Q q 0 0 0 rg BT 412.34 575.25 Td (be ) Tj ET Q q 0 0 0 rg BT 424.10 575.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 465.84 575.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.94 575.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.48 575.25 Td (other ) Tj ET Q q 0 0 0 rg BT 513.35 575.25 Td (site ) Tj ET Q q 0 0 0 rg BT 529.55 575.25 Td (as ) Tj ET Q q 0 0 0 rg BT 540.21 575.25 Td (a ) Tj ET Q q 0 0 0 rg BT 546.97 575.25 Td (part ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 563.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 563.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.16 563.25 Td (disaster ) Tj ET Q q 0 0 0 rg BT 109.21 563.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 146.68 563.25 Td (strategy) Tj ET Q q 0 0 0 rg BT 177.69 563.25 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 536.95 Td (Network ) Tj ET Q q 0 0 0 rg BT 87.89 536.95 Td (Security) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 520.55 Td (All ) Tj ET Q q 0 0 0 rg BT 89.73 520.55 Td (data ) Tj ET Q q 0 0 0 rg BT 110.83 520.55 Td (transmitted ) Tj ET Q q 0 0 0 rg BT 160.28 520.55 Td (and ) Tj ET Q q 0 0 0 rg BT 179.17 520.55 Td (processed ) Tj ET Q q 0 0 0 rg BT 223.04 520.55 Td (within ) Tj ET Q q 0 0 0 rg BT 253.05 520.55 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.72 520.55 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 293.05 520.55 Td (Mae ) Tj ET Q q 0 0 0 rg BT 315.27 520.55 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.26 520.55 Td ( ) Tj ET Q q 0 0 0 rg BT 354.71 520.55 Td (and ) Tj ET Q q 0 0 0 rg BT 373.60 520.55 Td (to ) Tj ET Q q 0 0 0 rg BT 385.83 520.55 Td (our ) Tj ET Q q 0 0 0 rg BT 403.61 520.55 Td (customers ) Tj ET Q q 0 0 0 rg BT 448.61 520.55 Td (is ) Tj ET Q q 0 0 0 rg BT 459.73 520.55 Td (encrypted ) Tj ET Q q 0 0 0 rg BT 503.60 520.55 Td (using ) Tj ET Q q 0 0 0 rg BT 529.72 520.55 Td (industry ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 508.55 Td (standardSecure ) Tj ET Q q 0 0 0 rg BT 114.52 508.55 Td (Sockets ) Tj ET Q q 0 0 0 rg BT 147.06 508.55 Td (Layer ) Tj ET Q q 0 0 0 rg BT 171.80 508.55 Td (\(SSL\) ) Tj ET Q q 0 0 0 rg BT 197.13 508.55 Td (protocolto ) Tj ET Q q 0 0 0 rg BT 242.16 508.55 Td (protect ) Tj ET Q q 0 0 0 rg BT 271.36 508.55 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 307.79 508.55 Td (data ) Tj ET Q q 0 0 0 rg BT 325.87 508.55 Td (against ) Tj ET Q q 0 0 0 rg BT 355.63 508.55 Td (third-party ) Tj ET Q q 0 0 0 rg BT 399.83 508.55 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 441.81 508.55 Td (in ) Tj ET Q q 0 0 0 rg BT 451.02 508.55 Td (transit. ) Tj ET Q q 0 0 0 rg BT 479.94 508.55 Td (Servers ) Tj ET Q q 0 0 0 rg BT 513.87 508.55 Td (and ) Tj ET Q q 0 0 0 rg BT 529.74 508.55 Td (network ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 496.55 Td (components ) Tj ET Q q 0 0 0 rg BT 100.35 496.55 Td (are ) Tj ET Q q 0 0 0 rg BT 115.08 496.55 Td (secured ) Tj ET Q q 0 0 0 rg BT 148.15 496.55 Td (with ) Tj ET Q q 0 0 0 rg BT 168.45 496.55 Td (access ) Tj ET Q q 0 0 0 rg BT 196.51 496.55 Td (control ) Tj ET Q q 0 0 0 rg BT 227.37 496.55 Td (mechanisms ) Tj ET Q q 0 0 0 rg BT 279.32 496.55 Td (and ) Tj ET Q q 0 0 0 rg BT 296.29 496.55 Td (protected ) Tj ET Q q 0 0 0 rg BT 336.02 496.55 Td (by ) Tj ET Q q 0 0 0 rg BT 348.54 496.55 Td (hardened ) Tj ET Q q 0 0 0 rg BT 387.71 496.55 Td (industry ) Tj ET Q q 0 0 0 rg BT 423.02 496.55 Td (standard ) Tj ET Q q 0 0 0 rg BT 459.42 496.55 Td (firewalls, ) Tj ET Q q 0 0 0 rg BT 499.43 496.55 Td (virus ) Tj ET Q q 0 0 0 rg BT 521.96 496.55 Td (protection ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 484.55 Td (and ) Tj ET Q q 0 0 0 rg BT 66.36 484.55 Td (intrusion ) Tj ET Q q 0 0 0 rg BT 104.35 484.55 Td (prevention/detection ) Tj ET Q q 0 0 0 rg BT 188.96 484.55 Td (systems. ) Tj ET Q q 0 0 0 rg BT 225.56 484.55 Td (Security ) Tj ET Q q 0 0 0 rg BT 261.31 484.55 Td (services ) Tj ET Q q 0 0 0 rg BT 295.94 484.55 Td (are ) Tj ET Q q 0 0 0 rg BT 310.58 484.55 Td (constantly ) Tj ET Q q 0 0 0 rg BT 354.11 484.55 Td (monitored ) Tj ET Q q 0 0 0 rg BT 397.64 484.55 Td (and ) Tj ET Q q 0 0 0 rg BT 414.50 484.55 Td (updated ) Tj ET Q q 0 0 0 rg BT 448.58 484.55 Td (in ) Tj ET Q q 0 0 0 rg BT 458.79 484.55 Td (order ) Tj ET Q q 0 0 0 rg BT 482.31 484.55 Td (to ) Tj ET Q q 0 0 0 rg BT 492.51 484.55 Td (address ) Tj ET Q q 0 0 0 rg BT 524.93 484.55 Td (emer) Tj ET Q q 0 0 0 rg BT 544.73 484.55 Td (ging ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 472.55 Td (vulnerabilities. ) Tj ET Q q 0 0 0 rg BT 111.77 472.55 Td (Even ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.88 472.55 Td (with ) Tj ET Q q 0 0 0 rg BT 155.22 472.55 Td (our ) Tj ET Q q 0 0 0 rg BT 171.11 472.55 Td (robust ) Tj ET Q q 0 0 0 rg BT 198.67 472.55 Td (security ) Tj ET Q q 0 0 0 rg BT 232.88 472.55 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 279.89 472.55 Td (and ) Tj ET Q q 0 0 0 rg BT 296.89 472.55 Td (detection ) Tj ET Q q 0 0 0 rg BT 336.10 472.55 Td (systems, ) Tj ET Q q 0 0 0 rg BT 372.83 472.55 Td (we ) Tj ET Q q 0 0 0 rg BT 387.05 472.55 Td (cannotguarantee ) Tj ET Q q 0 0 0 rg BT 457.63 472.55 Td (that ) Tj ET Q q 0 0 0 rg BT 475.19 472.55 Td (our ) Tj ET Q q 0 0 0 rg BT 491.08 472.55 Td (security ) Tj ET Q q 0 0 0 rg BT 525.29 472.55 Td (measures ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 460.55 Td (will ) Tj ET Q q 0 0 0 rg BT 66.77 460.55 Td (prevent ) Tj ET Q q 0 0 0 rg BT 98.48 460.55 Td (security ) Tj ET Q q 0 0 0 rg BT 131.85 460.55 Td (breaches ) Tj ET Q q 0 0 0 rg BT 168.54 460.55 Td (and ) Tj ET Q q 0 0 0 rg BT 184.70 460.55 Td (we ) Tj ET Q q 0 0 0 rg BT 198.08 460.55 Td (may ) Tj ET Q q 0 0 0 rg BT 217.01 460.55 Td (need ) Tj ET Q q 0 0 0 rg BT 237.61 460.55 Td (to ) Tj ET Q q 0 0 0 rg BT 247.10 460.55 Td (expend ) Tj ET Q q 0 0 0 rg BT 277.70 460.55 Td (significant ) Tj ET Q q 0 0 0 rg BT 321.63 460.55 Td (resources ) Tj ET Q q 0 0 0 rg BT 361.10 460.55 Td (to ) Tj ET Q q 0 0 0 rg BT 370.60 460.55 Td (protect ) Tj ET Q q 0 0 0 rg BT 400.08 460.55 Td (against ) Tj ET Q q 0 0 0 rg BT 430.13 460.55 Td (and ) Tj ET Q q 0 0 0 rg BT 446.28 460.55 Td (remedy ) Tj ET Q q 0 0 0 rg BT 477.98 460.55 Td (any ) Tj ET Q q 0 0 0 rg BT 494.14 460.55 Td (potential ) Tj ET Q q 0 0 0 rg BT 530.85 460.55 Td (security ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 448.55 Td (breaches ) Tj ET Q q 0 0 0 rg BT 86.56 448.55 Td (and ) Tj ET Q q 0 0 0 rg BT 103.08 448.55 Td (their ) Tj ET Q q 0 0 0 rg BT 123.49 448.55 Td (consequences.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.97 448.55 Td ( ) Tj ET Q q 0 0 0 rg BT 182.90 448.55 Td (Threats ) Tj ET Q q 0 0 0 rg BT 214.97 448.55 Td (and ) Tj ET Q q 0 0 0 rg BT 231.50 448.55 Td (vulnerabilities ) Tj ET Q q 0 0 0 rg BT 290.79 448.55 Td (to ) Tj ET Q q 0 0 0 rg BT 300.65 448.55 Td (any ) Tj ET Q q 0 0 0 rg BT 317.18 448.55 Td (network ) Tj ET Q q 0 0 0 rg BT 352.03 448.55 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 407.98 448.55 Td (are ) Tj ET Q q 0 0 0 rg BT 422.27 448.55 Td (exposedcontinuouslyand ) Tj ET Q q 0 0 0 rg BT 528.23 448.55 Td (there ) Tj ET Q q 0 0 0 rg BT 550.30 448.55 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 436.55 Td (often ) Tj ET Q q 0 0 0 rg BT 72.55 436.55 Td (time ) Tj ET Q q 0 0 0 rg BT 92.82 436.55 Td (lags ) Tj ET Q q 0 0 0 rg BT 111.43 436.55 Td (before ) Tj ET Q q 0 0 0 rg BT 139.47 436.55 Td (mitigations ) Tj ET Q q 0 0 0 rg BT 186.97 436.55 Td (are ) Tj ET Q q 0 0 0 rg BT 201.67 436.55 Td (deployed ) Tj ET Q q 0 0 0 rg BT 240.83 436.55 Td (by ) Tj ET Q q 0 0 0 rg BT 253.33 436.55 Td (our ) Tj ET Q q 0 0 0 rg BT 269.16 436.55 Td (vendors.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 410.25 Td (Resear) Tj ET Q q 0 0 0 rg BT 78.75 410.25 Td (ch ) Tj ET Q q 0 0 0 rg BT 91.25 410.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.87 410.25 Td (Development) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 393.85 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 393.85 Td (e ) Tj ET Q q 0 0 0 rg BT 87.40 393.85 Td (devote ) Tj ET Q q 0 0 0 rg BT 115.88 393.85 Td (substantial ) Tj ET Q q 0 0 0 rg BT 160.48 393.85 Td (resources ) Tj ET Q q 0 0 0 rg BT 200.06 393.85 Td (to ) Tj ET Q q 0 0 0 rg BT 209.66 393.85 Td (enhance ) Tj ET Q q 0 0 0 rg BT 244.24 393.85 Td (the ) Tj ET Q q 0 0 0 rg BT 258.28 393.85 Td (features ) Tj ET Q q 0 0 0 rg BT 291.75 393.85 Td (and ) Tj ET Q q 0 0 0 rg BT 308.01 393.85 Td (functionality ) Tj ET Q q 0 0 0 rg BT 360.93 393.85 Td (of ) Tj ET Q q 0 0 0 rg BT 371.09 393.85 Td (our ) Tj ET Q q 0 0 0 rg BT 386.24 393.85 Td (of) Tj ET Q q 0 0 0 rg BT 394.39 393.85 Td (ferings ) Tj ET Q q 0 0 0 rg BT 423.98 393.85 Td (as ) Tj ET Q q 0 0 0 rg BT 434.14 393.85 Td (well ) Tj ET Q q 0 0 0 rg BT 453.18 393.85 Td (as ) Tj ET Q q 0 0 0 rg BT 463.33 393.85 Td (developing ) Tj ET Q q 0 0 0 rg BT 509.59 393.85 Td (new ) Tj ET Q q 0 0 0 rg BT 528.07 393.85 Td (products ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 381.85 Td (and ) Tj ET Q q 0 0 0 rg BT 66.70 381.85 Td (services. ) Tj ET Q q 0 0 0 rg BT 104.18 381.85 Td (Our ) Tj ET Q q 0 0 0 rg BT 122.49 381.85 Td (research ) Tj ET Q q 0 0 0 rg BT 158.56 381.85 Td (and ) Tj ET Q q 0 0 0 rg BT 175.77 381.85 Td (development ) Tj ET Q q 0 0 0 rg BT 230.18 381.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 269.05 381.85 Td (totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.02 381.85 Td ($24.7 ) Tj ET Q q 0 0 0 rg BT 324.29 381.85 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.18 381.85 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.45 381.85 Td ($18.1 ) Tj ET Q q 0 0 0 rg BT 383.71 381.85 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.60 381.85 Td ( ) Tj ET Q q 0 0 0 rg BT 415.37 381.85 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.57 381.85 Td ($13.0 ) Tj ET Q q 0 0 0 rg BT 457.84 381.85 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.73 381.85 Td ( ) Tj ET Q q 0 0 0 rg BT 489.49 381.85 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.04 381.85 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.04 381.85 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.30 381.85 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.30 381.85 Td ( ) Tj ET Q q 0 0 0 rg BT 548.07 381.85 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 369.85 Td (201) Tj ET Q q 0 0 0 rg BT 64.13 369.85 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.13 369.85 Td (, ) Tj ET Q q 0 0 0 rg BT 74.13 369.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 121.79 369.85 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 345.85 Td (Intellectual ) Tj ET Q q 0 0 0 rg BT 100.33 345.85 Td (Pr) Tj ET Q q 0 0 0 rg BT 110.69 345.85 Td (operty) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 329.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.50 329.45 Td (success ) Tj ET Q q 0 0 0 rg BT 120.94 329.45 Td (depends ) Tj ET Q q 0 0 0 rg BT 155.16 329.45 Td (in ) Tj ET Q q 0 0 0 rg BT 164.39 329.45 Td (lar) Tj ET Q q 0 0 0 rg BT 174.76 329.45 Td (ge ) Tj ET Q q 0 0 0 rg BT 185.64 329.45 Td (part ) Tj ET Q q 0 0 0 rg BT 202.64 329.45 Td (on ) Tj ET Q q 0 0 0 rg BT 214.09 329.45 Td (our ) Tj ET Q q 0 0 0 rg BT 228.87 329.45 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 274.75 329.45 Td (products ) Tj ET Q q 0 0 0 rg BT 310.63 329.45 Td (and ) Tj ET Q q 0 0 0 rg BT 326.52 329.45 Td (technology ) Tj ET Q q 0 0 0 rg BT 372.41 329.45 Td (for ) Tj ET Q q 0 0 0 rg BT 385.52 329.45 Td (which ) Tj ET Q q 0 0 0 rg BT 411.41 329.45 Td (we ) Tj ET Q q 0 0 0 rg BT 424.52 329.45 Td (seek ) Tj ET Q q 0 0 0 rg BT 443.74 329.45 Td (protection ) Tj ET Q q 0 0 0 rg BT 485.73 329.45 Td (from ) Tj ET Q q 0 0 0 rg BT 506.62 329.45 Td (a ) Tj ET Q q 0 0 0 rg BT 512.50 329.45 Td (combination ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 317.45 Td (of ) Tj ET Q q 0 0 0 rg BT 59.37 317.45 Td (patent, ) Tj ET Q q 0 0 0 rg BT 87.85 317.45 Td (copyright, ) Tj ET Q q 0 0 0 rg BT 130.22 317.45 Td (trademark ) Tj ET Q q 0 0 0 rg BT 172.29 317.45 Td (and ) Tj ET Q q 0 0 0 rg BT 188.27 317.45 Td (trade ) Tj ET Q q 0 0 0 rg BT 209.80 317.45 Td (secret ) Tj ET Q q 0 0 0 rg BT 234.66 317.45 Td (laws ) Tj ET Q q 0 0 0 rg BT 254.53 317.45 Td (and ) Tj ET Q q 0 0 0 rg BT 270.52 317.45 Td (other ) Tj ET Q q 0 0 0 rg BT 292.61 317.45 Td (agreements ) Tj ET Q q 0 0 0 rg BT 339.68 317.45 Td (with ) Tj ET Q q 0 0 0 rg BT 359.00 317.45 Td (employees ) Tj ET Q q 0 0 0 rg BT 403.31 317.45 Td (and ) Tj ET Q q 0 0 0 rg BT 419.29 317.45 Td (third ) Tj ET Q q 0 0 0 rg BT 439.72 317.45 Td (parties. ) Tj ET Q q 0 0 0 rg BT 470.31 317.45 Td (W) Tj ET Q q 0 0 0 rg BT 478.94 317.45 Td (e ) Tj ET Q q 0 0 0 rg BT 484.93 317.45 Td (require ) Tj ET Q q 0 0 0 rg BT 514.78 317.45 Td (our ) Tj ET Q q 0 0 0 rg BT 529.66 317.45 Td (of) Tj ET Q q 0 0 0 rg BT 537.81 317.45 Td (ficers, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 305.45 Td (employees ) Tj ET Q q 0 0 0 rg BT 96.61 305.45 Td (and ) Tj ET Q q 0 0 0 rg BT 115.39 305.45 Td (consultants ) Tj ET Q q 0 0 0 rg BT 164.73 305.45 Td (to ) Tj ET Q q 0 0 0 rg BT 176.85 305.45 Td (enter ) Tj ET Q q 0 0 0 rg BT 201.18 305.45 Td (into ) Tj ET Q q 0 0 0 rg BT 221.08 305.45 Td (standard ) Tj ET Q q 0 0 0 rg BT 259.30 305.45 Td (agreements ) Tj ET Q q 0 0 0 rg BT 309.18 305.45 Td (containing ) Tj ET Q q 0 0 0 rg BT 355.73 305.45 Td (provisions ) Tj ET Q q 0 0 0 rg BT 401.75 305.45 Td (requiring ) Tj ET Q q 0 0 0 rg BT 442.75 305.45 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 505.40 305.45 Td (of ) Tj ET Q q 0 0 0 rg BT 518.08 305.45 Td (proprietary ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 293.45 Td (information ) Tj ET Q q 0 0 0 rg BT 98.72 293.45 Td (and ) Tj ET Q q 0 0 0 rg BT 115.17 293.45 Td (assignment ) Tj ET Q q 0 0 0 rg BT 162.18 293.45 Td (to ) Tj ET Q q 0 0 0 rg BT 171.97 293.45 Td (us ) Tj ET Q q 0 0 0 rg BT 182.87 293.45 Td (of ) Tj ET Q q 0 0 0 rg BT 193.22 293.45 Td (all ) Tj ET Q q 0 0 0 rg BT 205.22 293.45 Td (inventions ) Tj ET Q q 0 0 0 rg BT 248.90 293.45 Td (made ) Tj ET Q q 0 0 0 rg BT 272.57 293.45 Td (during ) Tj ET Q q 0 0 0 rg BT 300.69 293.45 Td (the ) Tj ET Q q 0 0 0 rg BT 314.92 293.45 Td (course ) Tj ET Q q 0 0 0 rg BT 343.03 293.45 Td (of ) Tj ET Q q 0 0 0 rg BT 353.37 293.45 Td (their ) Tj ET Q q 0 0 0 rg BT 373.70 293.45 Td (employment ) Tj ET Q q 0 0 0 rg BT 425.71 293.45 Td (or ) Tj ET Q q 0 0 0 rg BT 436.05 293.45 Td (consulting ) Tj ET Q q 0 0 0 rg BT 479.72 293.45 Td (relationship. ) Tj ET Q q 0 0 0 rg BT 531.30 293.45 Td (W) Tj ET Q q 0 0 0 rg BT 539.94 293.45 Td (e ) Tj ET Q q 0 0 0 rg BT 546.39 293.45 Td (also ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 281.45 Td (enter ) Tj ET Q q 0 0 0 rg BT 71.97 281.45 Td (into ) Tj ET Q q 0 0 0 rg BT 90.02 281.45 Td (nondisclosure ) Tj ET Q q 0 0 0 rg BT 148.06 281.45 Td (agreements ) Tj ET Q q 0 0 0 rg BT 196.08 281.45 Td (with ) Tj ET Q q 0 0 0 rg BT 216.35 281.45 Td (our ) Tj ET Q q 0 0 0 rg BT 232.17 281.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 281.85 281.45 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 340.98 281.45 Td (and ) Tj ET Q q 0 0 0 rg BT 357.91 281.45 Td (limit ) Tj ET Q q 0 0 0 rg BT 379.29 281.45 Td (access ) Tj ET Q q 0 0 0 rg BT 407.32 281.45 Td (to, ) Tj ET Q q 0 0 0 rg BT 420.08 281.45 Td (and ) Tj ET Q q 0 0 0 rg BT 437.01 281.45 Td (distribution ) Tj ET Q q 0 0 0 rg BT 485.61 281.45 Td (of, ) Tj ET Q q 0 0 0 rg BT 498.93 281.45 Td (our ) Tj ET Q q 0 0 0 rg BT 514.75 281.45 Td (confidential ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 269.45 Td (information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 247.55 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 247.55 Td (e ) Tj ET Q q 0 0 0 rg BT 88.07 247.55 Td (are ) Tj ET Q q 0 0 0 rg BT 102.77 247.55 Td (committed ) Tj ET Q q 0 0 0 rg BT 148.03 247.55 Td (to ) Tj ET Q q 0 0 0 rg BT 158.30 247.55 Td (developing ) Tj ET Q q 0 0 0 rg BT 205.22 247.55 Td (and ) Tj ET Q q 0 0 0 rg BT 222.15 247.55 Td (protecting ) Tj ET Q q 0 0 0 rg BT 265.19 247.55 Td (our ) Tj ET Q q 0 0 0 rg BT 281.01 247.55 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 327.92 247.55 Td (property ) Tj ET Q q 0 0 0 rg BT 364.29 247.55 Td (and, ) Tj ET Q q 0 0 0 rg BT 383.72 247.55 Td (where ) Tj ET Q q 0 0 0 rg BT 410.64 247.55 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 461.17 247.55 Td (file ) Tj ET Q q 0 0 0 rg BT 476.98 247.55 Td (patent ) Tj ET Q q 0 0 0 rg BT 503.91 247.55 Td (applications ) Tj ET Q q 0 0 0 rg BT 554.72 247.55 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 235.55 Td (protect ) Tj ET Q q 0 0 0 rg BT 80.09 235.55 Td (our ) Tj ET Q q 0 0 0 rg BT 96.25 235.55 Td (technology) Tj ET Q q 0 0 0 rg BT 140.04 235.55 Td (. ) Tj ET Q q 0 0 0 rg BT 145.16 235.55 Td (W) Tj ET Q q 0 0 0 rg BT 153.80 235.55 Td (e ) Tj ET Q q 0 0 0 rg BT 161.06 235.55 Td (currently ) Tj ET Q q 0 0 0 rg BT 199.99 235.55 Td (hold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.59 235.55 Td (seven) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.36 235.55 Td ( ) Tj ET Q q 0 0 0 rg BT 246.19 235.55 Td (United ) Tj ET Q q 0 0 0 rg BT 276.24 235.55 Td (States, ) Tj ET Q q 0 0 0 rg BT 305.45 235.55 Td (or ) Tj ET Q q 0 0 0 rg BT 316.61 235.55 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 339.72 235.55 Td (patents, ) Tj ET Q q 0 0 0 rg BT 373.38 235.55 Td (with ) Tj ET Q q 0 0 0 rg BT 393.98 235.55 Td (two ) Tj ET Q q 0 0 0 rg BT 411.81 235.55 Td (patent ) Tj ET Q q 0 0 0 rg BT 439.07 235.55 Td (applications ) Tj ET Q q 0 0 0 rg BT 490.22 235.55 Td (pending ) Tj ET Q q 0 0 0 rg BT 525.27 235.55 Td (and ) Tj ET Q q 0 0 0 rg BT 542.53 235.55 Td (three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 223.55 Td (continuing ) Tj ET Q q 0 0 0 rg BT 94.77 223.55 Td (patent ) Tj ET Q q 0 0 0 rg BT 121.71 223.55 Td (applications ) Tj ET Q q 0 0 0 rg BT 172.52 223.55 Td (in ) Tj ET Q q 0 0 0 rg BT 182.80 223.55 Td (the ) Tj ET Q q 0 0 0 rg BT 197.52 223.55 Td (United ) Tj ET Q q 0 0 0 rg BT 227.23 223.55 Td (States. ) Tj ET Q q 0 0 0 rg BT 255.94 223.55 Td (The ) Tj ET Q q 0 0 0 rg BT 273.98 223.55 Td (term ) Tj ET Q q 0 0 0 rg BT 294.81 223.55 Td (of ) Tj ET Q q 0 0 0 rg BT 305.64 223.55 Td (any ) Tj ET Q q 0 0 0 rg BT 322.58 223.55 Td (issued ) Tj ET Q q 0 0 0 rg BT 350.07 223.55 Td (patent ) Tj ET Q q 0 0 0 rg BT 377.01 223.55 Td (in ) Tj ET Q q 0 0 0 rg BT 387.28 223.55 Td (the ) Tj ET Q q 0 0 0 rg BT 402.00 223.55 Td (United ) Tj ET Q q 0 0 0 rg BT 431.72 223.55 Td (States ) Tj ET Q q 0 0 0 rg BT 458.10 223.55 Td (is ) Tj ET Q q 0 0 0 rg BT 467.27 223.55 Td (generally ) Tj ET Q q 0 0 0 rg BT 506.97 223.55 Td (20 ) Tj ET Q q 0 0 0 rg BT 519.47 223.55 Td (years ) Tj ET Q q 0 0 0 rg BT 543.07 223.55 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 211.55 Td (its ) Tj ET Q q 0 0 0 rg BT 60.91 211.55 Td (filing ) Tj ET Q q 0 0 0 rg BT 84.54 211.55 Td (date ) Tj ET Q q 0 0 0 rg BT 103.15 211.55 Td (and ) Tj ET Q q 0 0 0 rg BT 119.55 211.55 Td (if ) Tj ET Q q 0 0 0 rg BT 127.63 211.55 Td (our ) Tj ET Q q 0 0 0 rg BT 142.92 211.55 Td (applications ) Tj ET Q q 0 0 0 rg BT 193.20 211.55 Td (are ) Tj ET Q q 0 0 0 rg BT 207.37 211.55 Td (pending ) Tj ET Q q 0 0 0 rg BT 241.55 211.55 Td (for ) Tj ET Q q 0 0 0 rg BT 255.17 211.55 Td (a ) Tj ET Q q 0 0 0 rg BT 261.57 211.55 Td (long ) Tj ET Q q 0 0 0 rg BT 281.31 211.55 Td (time ) Tj ET Q q 0 0 0 rg BT 301.04 211.55 Td (period, ) Tj ET Q q 0 0 0 rg BT 331.05 211.55 Td (we ) Tj ET Q q 0 0 0 rg BT 344.68 211.55 Td (may ) Tj ET Q q 0 0 0 rg BT 363.85 211.55 Td (have ) Tj ET Q q 0 0 0 rg BT 384.69 211.55 Td (a ) Tj ET Q q 0 0 0 rg BT 391.09 211.55 Td (correspondingly ) Tj ET Q q 0 0 0 rg BT 458.04 211.55 Td (shorter ) Tj ET Q q 0 0 0 rg BT 487.77 211.55 Td (term ) Tj ET Q q 0 0 0 rg BT 508.06 211.55 Td (for ) Tj ET Q q 0 0 0 rg BT 521.68 211.55 Td (any ) Tj ET Q q 0 0 0 rg BT 538.08 211.55 Td (patent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 199.55 Td (that ) Tj ET Q q 0 0 0 rg BT 67.19 199.55 Td (may ) Tj ET Q q 0 0 0 rg BT 87.11 199.55 Td (issue. ) Tj ET Q q 0 0 0 rg BT 112.31 199.55 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 132.79 199.55 Td (Patent ) Tj ET Q q 0 0 0 rg BT 160.49 199.55 Td (Nos.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.60 199.55 Td (8,364,579) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.60 199.55 Td ( ) Tj ET Q q 0 0 0 rg BT 224.30 199.55 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.44 199.55 Td (7,444,302) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.44 199.55 Td (, ) Tj ET Q q 0 0 0 rg BT 286.64 199.55 Td (which ) Tj ET Q q 0 0 0 rg BT 313.77 199.55 Td (apply ) Tj ET Q q 0 0 0 rg BT 338.69 199.55 Td (to ) Tj ET Q q 0 0 0 rg BT 349.17 199.55 Td (the ) Tj ET Q q 0 0 0 rg BT 364.08 199.55 Td (Internet ) Tj ET Q q 0 0 0 rg BT 397.88 199.55 Td (or ) Tj ET Q q 0 0 0 rg BT 408.91 199.55 Td (cloud-based ) Tj ET Q q 0 0 0 rg BT 459.92 199.55 Td (transaction ) Tj ET Q q 0 0 0 rg BT 506.49 199.55 Td (platforms ) Tj ET Q q 0 0 0 rg BT 547.52 199.55 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 187.55 Td (connect ) Tj ET Q q 0 0 0 rg BT 82.40 187.55 Td (our ) Tj ET Q q 0 0 0 rg BT 97.53 187.55 Td (customers ) Tj ET Q q 0 0 0 rg BT 139.88 187.55 Td (to ) Tj ET Q q 0 0 0 rg BT 149.46 187.55 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 182.63 187.55 Td (vendors ) Tj ET Q q 0 0 0 rg BT 216.10 187.55 Td (and ) Tj ET Q q 0 0 0 rg BT 232.34 187.55 Td (Government ) Tj ET Q q 0 0 0 rg BT 284.12 187.55 Td (Sponsored ) Tj ET Q q 0 0 0 rg BT 328.15 187.55 Td (Enterprises ) Tj ET Q q 0 0 0 rg BT 374.93 187.55 Td (in ) Tj ET Q q 0 0 0 rg BT 384.51 187.55 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.53 187.55 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 419.22 187.55 Td (Mae ) Tj ET Q q 0 0 0 rg BT 438.79 187.55 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.78 187.55 Td ( ) Tj ET Q q 0 0 0 rg BT 475.58 187.55 Td (within ) Tj ET Q q 0 0 0 rg BT 502.94 187.55 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 187.55 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 175.55 Td (Loan ) Tj ET Q q 0 0 0 rg BT 71.71 175.55 Td (Origination ) Tj ET Q q 0 0 0 rg BT 119.47 175.55 Td (System, ) Tj ET Q q 0 0 0 rg BT 153.08 175.55 Td (expire ) Tj ET Q q 0 0 0 rg BT 179.72 175.55 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.16 175.55 Td (2024) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.16 175.55 Td ( ) Tj ET Q q 0 0 0 rg BT 210.82 175.55 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.92 175.55 Td (2025) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.92 175.55 Td (, ) Tj ET Q q 0 0 0 rg BT 251.07 175.55 Td (respectively) Tj ET Q q 0 0 0 rg BT 298.74 175.55 Td (. ) Tj ET Q q 0 0 0 rg BT 302.89 175.55 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 322.34 175.55 Td (Patent ) Tj ET Q q 0 0 0 rg BT 348.99 175.55 Td (No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.21 175.55 Td (8,126,920) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.21 175.55 Td (, ) Tj ET Q q 0 0 0 rg BT 410.37 175.55 Td (which ) Tj ET Q q 0 0 0 rg BT 436.47 175.55 Td (applies ) Tj ET Q q 0 0 0 rg BT 466.45 175.55 Td (to ) Tj ET Q q 0 0 0 rg BT 475.89 175.55 Td (the ) Tj ET Q q 0 0 0 rg BT 489.77 175.55 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 530.85 175.55 Td (security ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 163.55 Td (management ) Tj ET Q q 0 0 0 rg BT 103.88 163.55 Td (system ) Tj ET Q q 0 0 0 rg BT 134.95 163.55 Td (of ) Tj ET Q q 0 0 0 rg BT 146.58 163.55 Td (the ) Tj ET Q q 0 0 0 rg BT 162.09 163.55 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 210.93 163.55 Td (Loan ) Tj ET Q q 0 0 0 rg BT 234.77 163.55 Td (Origination ) Tj ET Q q 0 0 0 rg BT 284.17 163.55 Td (System, ) Tj ET Q q 0 0 0 rg BT 319.41 163.55 Td (expires ) Tj ET Q q 0 0 0 rg BT 351.58 163.55 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.65 163.55 Td (2029) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.65 163.55 Td (. ) Tj ET Q q 0 0 0 rg BT 388.44 163.55 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 409.52 163.55 Td (Patent ) Tj ET Q q 0 0 0 rg BT 437.81 163.55 Td (Nos. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.71 163.55 Td (7,472,089) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.71 163.55 Td ( ) Tj ET Q q 0 0 0 rg BT 503.01 163.55 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 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ET q 0 0 0 rg BT 176.08 127.55 Td (7,752,124) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.08 127.55 Td (, ) Tj ET Q q 0 0 0 rg BT 220.74 127.55 Td (which ) Tj ET Q q 0 0 0 rg BT 247.32 127.55 Td (apply ) Tj ET Q q 0 0 0 rg BT 271.69 127.55 Td (to ) Tj ET Q q 0 0 0 rg BT 281.62 127.55 Td (the ) Tj ET Q q 0 0 0 rg BT 295.99 127.55 Td (Mavent ) Tj ET Q q 0 0 0 rg BT 328.69 127.55 Td (rule-based ) Tj ET Q q 0 0 0 rg BT 372.48 127.55 Td (validation ) Tj ET Q q 0 0 0 rg BT 414.62 127.55 Td (engine ) Tj ET Q q 0 0 0 rg BT 443.43 127.55 Td (and ) Tj ET Q q 0 0 0 rg BT 460.02 127.55 Td (its ) Tj ET Q q 0 0 0 rg BT 471.62 127.55 Td (automation ) Tj ET Q q 0 0 0 rg BT 518.76 127.55 Td (used ) Tj ET Q q 0 0 0 rg BT 539.24 127.55 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 127.55 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 115.55 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 98.63 115.55 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 150.53 115.55 Td (Service, ) Tj ET Q q 0 0 0 rg BT 186.60 115.55 Td (expire ) Tj ET Q q 0 0 0 rg BT 215.17 115.55 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.53 115.55 Td (2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.53 115.55 Td (. ) Tj ET Q q 0 0 0 rg BT 252.61 115.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 271.75 115.55 Td (present ) Tj ET Q q 0 0 0 rg BT 304.21 115.55 Td (and ) Tj ET Q q 0 0 0 rg BT 322.23 115.55 Td (future ) Tj ET Q q 0 0 0 rg BT 349.69 115.55 Td (patents ) Tj ET Q q 0 0 0 rg BT 381.60 115.55 Td (may ) Tj ET Q q 0 0 0 rg BT 402.40 115.55 Td (provide ) Tj ET Q q 0 0 0 rg BT 436.53 115.55 Td (only ) Tj ET Q q 0 0 0 rg BT 457.89 115.55 Td (limited ) Tj ET Q q 0 0 0 rg BT 489.80 115.55 Td (protection ) Tj ET Q q 0 0 0 rg BT 533.93 115.55 Td (for ) Tj ET Q q 0 0 0 rg BT 549.17 115.55 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 103.55 Td (technology ) Tj ET Q q 0 0 0 rg BT 96.16 103.55 Td (and ) Tj ET Q q 0 0 0 rg BT 112.82 103.55 Td (may ) Tj ET Q q 0 0 0 rg BT 132.26 103.55 Td (not ) Tj ET Q q 0 0 0 rg BT 147.26 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.21 675.85 Td (. ) Tj ET Q q 0 0 0 rg BT 347.25 675.85 Td (Some ) Tj ET Q q 0 0 0 rg BT 374.56 675.85 Td (of ) Tj ET Q q 0 0 0 rg BT 387.43 675.85 Td (these ) Tj ET Q q 0 0 0 rg BT 412.52 675.85 Td (software ) Tj ET Q q 0 0 0 rg BT 451.49 675.85 Td (providers, ) Tj ET Q q 0 0 0 rg BT 496.30 675.85 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.61 675.85 Td (Calyx ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 663.85 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 663.85 Td (echnology) Tj ET Q q 0 0 0 rg BT 95.92 663.85 Td (, ) Tj ET Q q 0 0 0 rg BT 100.92 663.85 Td (Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.18 663.85 Td (, ) Tj ET Q q 0 0 0 rg BT 121.18 663.85 Td (also ) Tj ET Q q 0 0 0 rg BT 139.79 663.85 Td (provide ) Tj ET Q q 0 0 0 rg BT 172.84 663.85 Td (connectivity ) Tj ET Q q 0 0 0 rg BT 224.77 663.85 Td (between ) Tj ET Q q 0 0 0 rg BT 260.58 663.85 Td (their ) Tj ET Q q 0 0 0 rg BT 281.41 663.85 Td (software ) Tj ET Q q 0 0 0 rg BT 318.34 663.85 Td (users ) Tj ET Q q 0 0 0 rg BT 341.39 663.85 Td (and ) Tj ET Q q 0 0 0 rg BT 358.33 663.85 Td (lenders ) Tj ET Q q 0 0 0 rg BT 389.71 663.85 Td (and ) Tj ET Q q 0 0 0 rg BT 406.64 663.85 Td (service ) Tj ET Q q 0 0 0 rg BT 437.46 663.85 Td (providers.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 54.00 647.45 Td (Competition ) Tj ET Q q 0 0 0 rg BT 105.94 647.45 Td (with ) Tj ET Q q 0 0 0 rg BT 125.67 647.45 Td (Softwar) Tj ET Q q 0 0 0 rg BT 156.42 647.45 Td (e ) Tj ET Q q 0 0 0 rg BT 163.36 647.45 Td (Pr) Tj ET Q q 0 0 0 rg BT 172.98 647.45 Td (oviders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 631.05 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 631.05 Td (e ) Tj ET Q q 0 0 0 rg BT 88.08 631.05 Td (compete ) Tj ET Q q 0 0 0 rg BT 124.45 631.05 Td (against ) Tj ET Q q 0 0 0 rg BT 155.27 631.05 Td (software ) Tj ET Q q 0 0 0 rg BT 192.20 631.05 Td (providers ) Tj ET Q q 0 0 0 rg BT 232.47 631.05 Td (based ) Tj ET Q q 0 0 0 rg BT 257.74 631.05 Td (on ) Tj ET Q q 0 0 0 rg BT 270.24 631.05 Td (our ) Tj ET Q q 0 0 0 rg BT 286.07 631.05 Td (ability ) Tj ET Q q 0 0 0 rg BT 314.12 631.05 Td (to ) Tj ET Q q 0 0 0 rg BT 324.40 631.05 Td (provide:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 614.65 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 614.65 Td (a ) Tj ET Q q 0 0 0 rg BT 93.75 614.65 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 158.09 614.65 Td (software ) Tj ET Q q 0 0 0 rg BT 196.33 614.65 Td (solution ) Tj ET Q q 0 0 0 rg BT 232.37 614.65 Td (that ) Tj ET Q q 0 0 0 rg BT 251.17 614.65 Td (provides ) Tj ET Q q 0 0 0 rg BT 289.42 614.65 Td (all ) Tj ET Q q 0 0 0 rg BT 303.23 614.65 Td (business-critical ) Tj ET Q q 0 0 0 rg BT 372.02 614.65 Td (functions ) Tj ET Q q 0 0 0 rg BT 413.04 614.65 Td (including ) Tj ET Q q 0 0 0 rg BT 454.63 614.65 Td (customer ) Tj ET Q q 0 0 0 rg BT 495.09 614.65 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 545.28 614.65 Td (loan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 602.65 Td (processing, ) Tj ET Q q 0 0 0 rg BT 134.09 602.65 Td (task ) Tj ET Q q 0 0 0 rg BT 153.53 602.65 Td (management, ) Tj ET Q q 0 0 0 rg BT 210.44 602.65 Td (communication ) Tj ET Q q 0 0 0 rg BT 275.97 602.65 Td (with ) Tj ET Q q 0 0 0 rg BT 297.08 602.65 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 340.94 602.65 Td (and ) Tj ET Q q 0 0 0 rg BT 358.71 602.65 Td (other ) Tj ET Q q 0 0 0 rg BT 382.58 602.65 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 423.67 602.65 Td (origination ) Tj ET Q q 0 0 0 rg BT 470.88 602.65 Td (participants, ) Tj ET Q q 0 0 0 rg BT 523.35 602.65 Td (reporting, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 590.65 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 129.09 590.65 Td (compliance ) Tj ET Q q 0 0 0 rg BT 177.68 590.65 Td (and ) Tj ET Q q 0 0 0 rg BT 194.62 590.65 Td (general ) Tj ET Q q 0 0 0 rg BT 226.54 590.65 Td (business ) Tj ET Q q 0 0 0 rg BT 262.94 590.65 Td (management;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 574.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 574.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 124.98 574.25 Td (that ) Tj ET Q q 0 0 0 rg BT 143.34 574.25 Td (create ) Tj ET Q q 0 0 0 rg BT 170.57 574.25 Td (ef) Tj ET Q q 0 0 0 rg BT 178.16 574.25 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 219.83 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.97 574.25 Td (gathering, ) Tj ET Q q 0 0 0 rg BT 274.60 574.25 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 317.95 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.75 574.25 Td (verifying ) Tj ET Q q 0 0 0 rg BT 375.77 574.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 416.90 574.25 Td (related ) Tj ET Q q 0 0 0 rg BT 447.47 574.25 Td (data ) Tj ET Q q 0 0 0 rg BT 467.49 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.29 574.25 Td (producing ) Tj ET Q q 0 0 0 rg BT 529.20 574.25 Td (accurate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 562.25 Td (documentation;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 545.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 545.85 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 134.48 545.85 Td (solutions ) Tj ET Q q 0 0 0 rg BT 174.60 545.85 Td (that ) Tj ET Q q 0 0 0 rg BT 193.60 545.85 Td (reduce ) Tj ET Q q 0 0 0 rg BT 224.24 545.85 Td (the ) Tj ET Q q 0 0 0 rg BT 240.46 545.85 Td (need ) Tj ET Q q 0 0 0 rg BT 263.33 545.85 Td (for ) Tj ET Q q 0 0 0 rg BT 278.99 545.85 Td (IT) Tj ET Q q 0 0 0 rg BT 288.25 545.85 Td ( ) Tj ET Q q 0 0 0 rg BT 292.25 545.85 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 350.11 545.85 Td (and ) Tj ET Q q 0 0 0 rg BT 368.55 545.85 Td (overhead ) Tj ET Q q 0 0 0 rg BT 409.20 545.85 Td (while ) Tj ET Q q 0 0 0 rg BT 435.41 545.85 Td (providing ) Tj ET Q q 0 0 0 rg BT 478.30 545.85 Td (the ) Tj ET Q q 0 0 0 rg BT 494.52 545.85 Td (ability ) Tj ET Q q 0 0 0 rg BT 524.07 545.85 Td (to ) Tj ET Q q 0 0 0 rg BT 535.84 545.85 Td (update ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 533.85 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 133.54 533.85 Td (and ) Tj ET Q q 0 0 0 rg BT 150.48 533.85 Td (adopt ) Tj ET Q q 0 0 0 rg BT 175.19 533.85 Td (new ) Tj ET Q q 0 0 0 rg BT 194.35 533.85 Td (regulations ) Tj ET Q q 0 0 0 rg BT 241.29 533.85 Td (in ) Tj ET Q q 0 0 0 rg BT 251.56 533.85 Td (a ) Tj ET Q q 0 0 0 rg BT 258.50 533.85 Td (timely ) Tj ET Q q 0 0 0 rg BT 286.55 533.85 Td (manner; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 517.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 517.45 Td (customizable ) Tj ET Q q 0 0 0 rg BT 140.02 517.45 Td (business ) Tj ET Q q 0 0 0 rg BT 175.67 517.45 Td (rules ) Tj ET Q q 0 0 0 rg BT 196.87 517.45 Td (to ) Tj ET Q q 0 0 0 rg BT 206.41 517.45 Td (automate ) Tj ET Q q 0 0 0 rg BT 244.83 517.45 Td (processes, ) Tj ET Q q 0 0 0 rg BT 287.41 517.45 Td (promote ) Tj ET Q q 0 0 0 rg BT 322.50 517.45 Td (accountability ) Tj ET Q q 0 0 0 rg BT 380.90 517.45 Td (and ) Tj ET Q q 0 0 0 rg BT 397.10 517.45 Td (enforce ) Tj ET Q q 0 0 0 rg BT 428.84 517.45 Td (business ) Tj ET Q q 0 0 0 rg BT 464.49 517.45 Td (practices ) Tj ET Q q 0 0 0 rg BT 501.79 517.45 Td (that ) Tj ET Q q 0 0 0 rg BT 518.54 517.45 Td (help ) Tj ET Q q 0 0 0 rg BT 537.52 517.45 Td (assure ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 505.45 Td (loan ) Tj ET Q q 0 0 0 rg BT 105.22 505.45 Td (quality ) Tj ET Q q 0 0 0 rg BT 135.49 505.45 Td (and ) Tj ET Q q 0 0 0 rg BT 152.43 505.45 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 196.02 505.45 Td (compliance;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 489.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 489.05 Td (a ) Tj ET Q q 0 0 0 rg BT 93.27 489.05 Td (single ) Tj ET Q q 0 0 0 rg BT 120.49 489.05 Td (database ) Tj ET Q q 0 0 0 rg BT 158.24 489.05 Td (to ) Tj ET Q q 0 0 0 rg BT 169.35 489.05 Td (reduce ) Tj ET Q q 0 0 0 rg BT 199.32 489.05 Td (data ) Tj ET Q q 0 0 0 rg BT 219.31 489.05 Td (errors ) Tj ET Q q 0 0 0 rg BT 245.96 489.05 Td (and ) Tj ET Q q 0 0 0 rg BT 263.73 489.05 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 302.03 489.05 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 358.12 489.05 Td (among ) Tj ET Q q 0 0 0 rg BT 388.67 489.05 Td (departments ) Tj ET Q q 0 0 0 rg BT 440.87 489.05 Td (within ) Tj ET Q q 0 0 0 rg BT 469.76 489.05 Td (a ) Tj ET Q q 0 0 0 rg BT 477.53 489.05 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 518.62 489.05 Td (origination ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 477.05 Td (company ) Tj ET Q q 0 0 0 rg BT 124.66 477.05 Td (and ) Tj ET Q q 0 0 0 rg BT 141.59 477.05 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 204.63 477.05 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 251.57 477.05 Td (of ) Tj ET Q q 0 0 0 rg BT 262.40 477.05 Td (the ) Tj ET Q q 0 0 0 rg BT 277.12 477.05 Td (business ) Tj ET Q q 0 0 0 rg BT 313.51 477.05 Td (of ) Tj ET Q q 0 0 0 rg BT 324.34 477.05 Td (the ) Tj ET Q q 0 0 0 rg BT 339.05 477.05 Td (entire ) Tj ET Q q 0 0 0 rg BT 364.32 477.05 Td (enterprise;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 460.65 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 460.65 Td (attractive ) Tj ET Q q 0 0 0 rg BT 125.05 460.65 Td (pricing ) Tj ET Q q 0 0 0 rg BT 155.73 460.65 Td (options, ) Tj ET Q q 0 0 0 rg BT 190.03 460.65 Td (such ) Tj ET Q q 0 0 0 rg BT 210.71 460.65 Td (as ) Tj ET Q q 0 0 0 rg BT 221.40 460.65 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.08 460.65 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 298.86 460.65 Td (Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.75 460.65 Td ( ) Tj ET Q q 0 0 0 rg BT 330.10 460.65 Td (model, ) Tj ET Q q 0 0 0 rg BT 359.95 460.65 Td (allowing ) Tj ET Q q 0 0 0 rg BT 397.30 460.65 Td (customers ) Tj ET Q q 0 0 0 rg BT 440.20 460.65 Td (to ) Tj ET Q q 0 0 0 rg BT 450.33 460.65 Td (time ) Tj ET Q q 0 0 0 rg BT 470.46 460.65 Td (payments ) Tj ET Q q 0 0 0 rg BT 511.14 460.65 Td (to ) Tj ET Q q 0 0 0 rg BT 521.27 460.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 541.39 460.65 Td (flow;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 444.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 444.25 Td (an ) Tj ET Q q 0 0 0 rg BT 96.82 444.25 Td (integrated ) Tj ET Q q 0 0 0 rg BT 138.68 444.25 Td (network ) Tj ET Q q 0 0 0 rg BT 173.33 444.25 Td (to ) Tj ET Q q 0 0 0 rg BT 182.99 444.25 Td (submit ) Tj ET Q q 0 0 0 rg BT 212.10 444.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 231.20 444.25 Td (files ) Tj ET Q q 0 0 0 rg BT 250.30 444.25 Td (electronically ) Tj ET Q q 0 0 0 rg BT 306.59 444.25 Td (and ) Tj ET Q q 0 0 0 rg BT 322.91 444.25 Td (securely ) Tj ET Q q 0 0 0 rg BT 358.11 444.25 Td (to ) Tj ET Q q 0 0 0 rg BT 367.77 444.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 398.53 444.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.85 444.25 Td (electronically ) Tj ET Q q 0 0 0 rg BT 471.14 444.25 Td (order ) Tj ET Q q 0 0 0 rg BT 494.12 444.25 Td (all ) Tj ET Q q 0 0 0 rg BT 506.00 444.25 Td (of ) Tj ET Q q 0 0 0 rg BT 516.21 444.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.31 444.25 Td (services ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 432.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 126.87 432.25 Td (to ) Tj ET Q q 0 0 0 rg BT 137.15 432.25 Td (originate ) Tj ET Q q 0 0 0 rg BT 175.19 432.25 Td (a ) Tj ET Q q 0 0 0 rg BT 182.13 432.25 Td (loan; ) Tj ET Q q 0 0 0 rg BT 204.62 432.25 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 415.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 415.85 Td (security) Tj ET Q q 0 0 0 rg BT 116.51 415.85 Td (, ) Tj ET Q q 0 0 0 rg BT 121.51 415.85 Td (reliability ) Tj ET Q q 0 0 0 rg BT 162.88 415.85 Td (and ) Tj ET Q q 0 0 0 rg BT 179.82 415.85 Td (data ) Tj ET Q q 0 0 0 rg BT 198.98 415.85 Td (protection.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 389.55 Td (Competition ) Tj ET Q q 0 0 0 rg BT 103.44 389.55 Td (with ) Tj ET Q q 0 0 0 rg BT 123.17 389.55 Td (Service ) Tj ET Q q 0 0 0 rg BT 155.09 389.55 Td (Pr) Tj ET Q q 0 0 0 rg BT 164.72 389.55 Td (oviders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 373.15 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 373.15 Td (e ) Tj ET Q q 0 0 0 rg BT 87.92 373.15 Td (only ) Tj ET Q q 0 0 0 rg BT 108.04 373.15 Td (of) Tj ET Q q 0 0 0 rg BT 116.19 373.15 Td (fer ) Tj ET Q q 0 0 0 rg BT 129.63 373.15 Td (our ) Tj ET Q q 0 0 0 rg BT 145.30 373.15 Td (other ) Tj ET Q q 0 0 0 rg BT 168.19 373.15 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 216.08 373.15 Td (software ) Tj ET Q q 0 0 0 rg BT 252.85 373.15 Td (services ) Tj ET Q q 0 0 0 rg BT 287.40 373.15 Td (to ) Tj ET Q q 0 0 0 rg BT 297.53 373.15 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 345.42 373.15 Td (users. ) Tj ET Q q 0 0 0 rg BT 370.64 373.15 Td (There ) Tj ET Q q 0 0 0 rg BT 396.30 373.15 Td (are ) Tj ET Q q 0 0 0 rg BT 410.85 373.15 Td (many ) Tj ET Q q 0 0 0 rg BT 435.41 373.15 Td (other ) Tj ET Q q 0 0 0 rg BT 458.30 373.15 Td (service ) Tj ET Q q 0 0 0 rg BT 488.96 373.15 Td (providers ) Tj ET Q q 0 0 0 rg BT 529.07 373.15 Td (that ) Tj ET Q q 0 0 0 rg BT 546.40 373.15 Td (also ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 361.15 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 361.15 Td (fer ) Tj ET Q q 0 0 0 rg BT 71.25 361.15 Td (our ) Tj ET Q q 0 0 0 rg BT 87.08 361.15 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 135.13 361.15 Td (users ) Tj ET Q q 0 0 0 rg BT 158.18 361.15 Td (competing ) Tj ET Q q 0 0 0 rg BT 202.89 361.15 Td (software ) Tj ET Q q 0 0 0 rg BT 239.82 361.15 Td (services, ) Tj ET Q q 0 0 0 rg BT 277.02 361.15 Td (including:) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.50 339.25 Td (Borr) Tj ET Q q 0 0 0 rg BT 91.02 339.25 Td (ower) Tj ET Q q 0 0 0 rg BT 110.82 339.25 Td (-facing ) Tj ET Q q 0 0 0 rg BT 141.65 339.25 Td (W) Tj ET Q q 0 0 0 rg BT 149.06 339.25 Td (ebsites) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.28 339.25 Td (.) Tj ET Q q 0 0 0 rg BT 181.10 339.25 Td (W) Tj ET Q q 0 0 0 rg BT 189.73 339.25 Td (e ) Tj ET Q q 0 0 0 rg BT 196.67 339.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 233.05 339.25 Td (against ) Tj ET Q q 0 0 0 rg BT 263.88 339.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 304.15 339.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.98 339.25 Td (borrower) Tj ET Q q 0 0 0 rg BT 351.43 339.25 Td (-facing ) Tj ET Q q 0 0 0 rg BT 382.25 339.25 Td (websites ) Tj ET Q q 0 0 0 rg BT 419.19 339.25 Td (for ) Tj ET Q q 0 0 0 rg BT 433.35 339.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 473.62 339.25 Td (originators, ) Tj ET Q q 0 0 0 rg BT 521.95 339.25 Td (including: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 327.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.44 327.25 Td (la ) Tj ET Q q 0 0 0 rg BT 66.16 327.25 Td (mode, ) Tj ET Q q 0 0 0 rg BT 93.37 327.25 Td (inc.; ) Tj ET Q q 0 0 0 rg BT 113.37 327.25 Td (Mortgagebot, ) Tj ET Q q 0 0 0 rg BT 170.02 327.25 Td (a ) Tj ET Q q 0 0 0 rg BT 176.96 327.25 Td (Davis ) Tj ET Q q 0 0 0 rg BT 202.79 327.25 Td (+ ) Tj ET Q q 0 0 0 rg BT 210.93 327.25 Td (Henderson ) Tj ET Q q 0 0 0 rg BT 256.75 327.25 Td (company ) Tj ET Q q 0 0 0 rg BT 295.91 327.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.84 327.25 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 354.22 327.25 Td (Internet ) Tj ET Q q 0 0 0 rg BT 387.63 327.25 Td (T) Tj ET Q q 0 0 0 rg BT 393.04 327.25 Td (echnologies, ) Tj ET Q q 0 0 0 rg BT 445.81 327.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 463.58 327.25 Td (\(dba ) Tj ET Q q 0 0 0 rg BT 483.85 327.25 Td (vLender) Tj ET Q q 0 0 0 rg BT 516.61 327.25 Td (.Com\).) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.50 305.35 Td (Document ) Tj ET Q q 0 0 0 rg BT 115.78 305.35 Td (Pr) Tj ET Q q 0 0 0 rg BT 125.41 305.35 Td (eparation ) Tj ET Q q 0 0 0 rg BT 166.48 305.35 Td (Services) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.79 305.35 Td (.) Tj ET Q q 0 0 0 rg BT 204.61 305.35 Td (W) Tj ET Q q 0 0 0 rg BT 213.25 305.35 Td (e ) Tj ET Q q 0 0 0 rg BT 219.87 305.35 Td (compete ) Tj ET Q q 0 0 0 rg BT 255.93 305.35 Td (against ) Tj ET Q q 0 0 0 rg BT 286.44 305.35 Td (document ) Tj ET Q q 0 0 0 rg BT 328.05 305.35 Td (preparation ) Tj ET Q q 0 0 0 rg BT 375.77 305.35 Td (service ) Tj ET Q q 0 0 0 rg BT 406.26 305.35 Td (providers, ) Tj ET Q q 0 0 0 rg BT 448.72 305.35 Td (including: ) Tj ET Q q 0 0 0 rg BT 491.45 305.35 Td (DigitalDocs, ) Tj ET Q q 0 0 0 rg BT 544.46 305.35 Td (Inc.; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 293.35 Td (DocMagic ) Tj ET Q q 0 0 0 rg BT 93.95 293.35 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 114.23 293.35 Td (LenderLive ) Tj ET Q q 0 0 0 rg BT 163.11 293.35 Td (Network, ) Tj ET Q q 0 0 0 rg BT 202.84 293.35 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 223.13 293.35 Td (MRG ) Tj ET Q q 0 0 0 rg BT 248.15 293.35 Td (Document ) Tj ET Q q 0 0 0 rg BT 291.88 293.35 Td (T) Tj ET Q q 0 0 0 rg BT 297.29 293.35 Td (echnologies; ) Tj ET Q q 0 0 0 rg BT 350.07 293.35 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 391.19 293.35 Td (Banking ) Tj ET Q q 0 0 0 rg BT 427.31 293.35 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 465.39 293.35 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 482.90 293.35 Td (and ) Tj ET Q q 0 0 0 rg BT 499.41 293.35 Td (W) Tj ET Q q 0 0 0 rg BT 508.05 293.35 Td (olters ) Tj ET Q q 0 0 0 rg BT 532.51 293.35 Td (Kluwer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 281.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.21 281.35 Td (Services, ) Tj ET Q q 0 0 0 rg BT 128.09 281.35 Td (Inc.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.50 259.45 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 123.61 259.45 Td (Services) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.92 259.45 Td (.) Tj ET Q q 0 0 0 rg BT 161.74 259.45 Td (W) Tj ET Q q 0 0 0 rg BT 170.38 259.45 Td (e ) Tj ET Q q 0 0 0 rg BT 177.60 259.45 Td (compete ) Tj ET Q q 0 0 0 rg BT 214.25 259.45 Td (against ) Tj ET Q q 0 0 0 rg BT 245.36 259.45 Td (compliance ) Tj ET Q q 0 0 0 rg BT 294.23 259.45 Td (software ) Tj ET Q q 0 0 0 rg BT 331.44 259.45 Td (service ) Tj ET Q q 0 0 0 rg BT 362.53 259.45 Td (providers, ) Tj ET Q q 0 0 0 rg BT 405.58 259.45 Td (including: ) Tj ET Q q 0 0 0 rg BT 448.91 259.45 Td (Interthinx, ) Tj ET Q q 0 0 0 rg BT 493.63 259.45 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 514.18 259.45 Td (a ) Tj ET Q q 0 0 0 rg BT 521.40 259.45 Td (subsidiary ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 247.45 Td (of ) Tj ET Q q 0 0 0 rg BT 60.15 247.45 Td (V) Tj ET Q q 0 0 0 rg BT 66.26 247.45 Td (erisk ) Tj ET Q q 0 0 0 rg BT 87.65 247.45 Td (Analytics, ) Tj ET Q q 0 0 0 rg BT 130.97 247.45 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 151.52 247.45 Td (LogicEase ) Tj ET Q q 0 0 0 rg BT 196.22 247.45 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 236.51 247.45 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 256.78 247.45 Td (an ) Tj ET Q q 0 0 0 rg BT 268.72 247.45 Td (investee ) Tj ET Q q 0 0 0 rg BT 303.98 247.45 Td (of ) Tj ET Q q 0 0 0 rg BT 314.81 247.45 Td (Corelogic, ) Tj ET Q q 0 0 0 rg BT 359.25 247.45 Td (and ) Tj ET Q q 0 0 0 rg BT 376.00 247.45 Td (W) Tj ET Q q 0 0 0 rg BT 384.64 247.45 Td (olters ) Tj ET Q q 0 0 0 rg BT 409.36 247.45 Td (Kluwer ) Tj ET Q q 0 0 0 rg BT 441.85 247.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 481.56 247.45 Td (Services, ) Tj ET Q q 0 0 0 rg BT 520.44 247.45 Td (Inc.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.50 225.55 Td (Pr) Tj ET Q q 0 0 0 rg BT 82.13 225.55 Td (oduct ) Tj ET Q q 0 0 0 rg BT 108.82 225.55 Td (and ) Tj ET Q q 0 0 0 rg BT 128.30 225.55 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 162.77 225.55 Td (Services) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.08 225.55 Td (.) Tj ET Q q 0 0 0 rg BT 200.90 225.55 Td (W) Tj ET Q q 0 0 0 rg BT 209.54 225.55 Td (e ) Tj ET Q q 0 0 0 rg BT 218.45 225.55 Td (compete ) Tj ET Q q 0 0 0 rg BT 256.80 225.55 Td (against ) Tj ET Q q 0 0 0 rg BT 289.60 225.55 Td (product ) Tj ET Q q 0 0 0 rg BT 324.62 225.55 Td (and ) Tj ET Q q 0 0 0 rg BT 343.54 225.55 Td (pricing ) Tj ET Q q 0 0 0 rg BT 376.34 225.55 Td (service ) Tj ET Q q 0 0 0 rg BT 409.13 225.55 Td (providers, ) Tj ET Q q 0 0 0 rg BT 453.87 225.55 Td (including:Insight ) Tj ET Q q 0 0 0 rg BT 529.17 225.55 Td (Lending ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 213.55 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 92.29 213.55 Td (Inc.; ) Tj ET Q q 0 0 0 rg BT 112.83 213.55 Td (Mortech, ) Tj ET Q q 0 0 0 rg BT 151.71 213.55 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 171.98 213.55 Td (a ) Tj ET Q q 0 0 0 rg BT 178.92 213.55 Td (Zillow ) Tj ET Q q 0 0 0 rg BT 208.08 213.55 Td (business; ) Tj ET Q q 0 0 0 rg BT 247.25 213.55 Td (NYLX, ) Tj ET Q q 0 0 0 rg BT 280.03 213.55 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 297.80 213.55 Td (and ) Tj ET Q q 0 0 0 rg BT 314.73 213.55 Td (Optimal ) Tj ET Q q 0 0 0 rg BT 350.01 213.55 Td (Blue, ) Tj ET Q q 0 0 0 rg BT 373.89 213.55 Td (LLC. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.50 191.65 Td (Electr) Tj ET Q q 0 0 0 rg BT 96.56 191.65 Td (onic ) Tj ET Q q 0 0 0 rg BT 117.95 191.65 Td (Document ) Tj ET Q q 0 0 0 rg BT 163.23 191.65 Td (Management.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.93 191.65 Td () Tj ET Q q 0 0 0 rg BT 220.25 191.65 Td (W) Tj ET Q q 0 0 0 rg BT 228.89 191.65 Td (e ) Tj ET Q q 0 0 0 rg BT 237.50 191.65 Td (compete ) Tj ET Q q 0 0 0 rg BT 275.55 191.65 Td (against ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.05 191.65 Td (EDM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.27 191.65 Td ( ) Tj ET Q q 0 0 0 rg BT 334.45 191.65 Td (providers, ) Tj ET Q q 0 0 0 rg BT 378.89 191.65 Td (including: ) Tj ET Q q 0 0 0 rg BT 423.61 191.65 Td (Encomia, ) Tj ET Q q 0 0 0 rg BT 465.83 191.65 Td (LLC; ) Tj ET Q q 0 0 0 rg BT 491.67 191.65 Td (SigniaDocs, ) Tj ET Q q 0 0 0 rg BT 544.45 191.65 Td (Inc.; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 179.65 Td (V) Tj ET Q q 0 0 0 rg BT 56.12 179.65 Td (irPack ) Tj ET Q q 0 0 0 rg BT 84.17 179.65 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 134.99 179.65 Td (and ) Tj ET Q q 0 0 0 rg BT 151.93 179.65 Td (Xerox ) Tj ET Q q 0 0 0 rg BT 179.42 179.65 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 220.80 179.65 Td (Services, ) Tj ET Q q 0 0 0 rg BT 259.68 179.65 Td (Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 157.75 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 157.75 Td (e ) Tj ET Q q 0 0 0 rg BT 88.55 157.75 Td (compete ) Tj ET Q q 0 0 0 rg BT 125.39 157.75 Td (against ) Tj ET Q q 0 0 0 rg BT 156.68 157.75 Td (these ) Tj ET Q q 0 0 0 rg BT 180.20 157.75 Td (providers ) Tj ET Q q 0 0 0 rg BT 220.94 157.75 Td (not ) Tj ET Q q 0 0 0 rg BT 236.69 157.75 Td (only ) Tj ET Q q 0 0 0 rg BT 257.44 157.75 Td (based ) Tj ET Q q 0 0 0 rg BT 283.18 157.75 Td (on ) Tj ET Q q 0 0 0 rg BT 296.15 157.75 Td (the ) Tj ET Q q 0 0 0 rg BT 311.33 157.75 Td (quality ) Tj ET Q q 0 0 0 rg BT 342.08 157.75 Td (of ) Tj ET Q q 0 0 0 rg BT 353.38 157.75 Td (the ) Tj ET Q q 0 0 0 rg BT 368.56 157.75 Td (service ) Tj ET Q q 0 0 0 rg BT 399.85 157.75 Td (we ) Tj ET Q q 0 0 0 rg BT 414.48 157.75 Td (of) Tj ET Q q 0 0 0 rg BT 422.63 157.75 Td (fer) Tj ET Q q 0 0 0 rg BT 433.33 157.75 Td (, ) Tj ET Q q 0 0 0 rg BT 438.80 157.75 Td (but ) Tj ET Q q 0 0 0 rg BT 454.55 157.75 Td (also ) Tj ET Q q 0 0 0 rg BT 473.63 157.75 Td (on ) Tj ET Q q 0 0 0 rg BT 486.60 157.75 Td (integration ) Tj ET Q q 0 0 0 rg BT 532.89 157.75 Td (of ) Tj ET Q q 0 0 0 rg BT 544.19 157.75 Td (each ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 145.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 83.29 145.75 Td (service ) Tj ET Q q 0 0 0 rg BT 114.31 145.75 Td (provided ) Tj ET Q q 0 0 0 rg BT 152.56 145.75 Td (within ) Tj ET Q q 0 0 0 rg BT 180.81 145.75 Td (Encompass) Tj ET Q q 0 0 0 rg BT 229.14 145.75 Td (s ) Tj ET Q q 0 0 0 rg BT 235.73 145.75 Td (overall ) Tj ET Q q 0 0 0 rg BT 266.19 145.75 Td (workflow) Tj ET Q q 0 0 0 rg BT 304.43 145.75 Td (. ) Tj ET Q q 0 0 0 rg BT 309.43 145.75 Td (This ) Tj ET Q q 0 0 0 rg BT 329.91 145.75 Td (enhances ) Tj ET Q q 0 0 0 rg BT 369.26 145.75 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 409.72 145.75 Td (originators) Tj ET Q q 0 0 0 rg BT 455.63 145.75 Td ( ) Tj ET Q q 0 0 0 rg BT 458.33 145.75 Td (control ) Tj ET Q q 0 0 0 rg BT 489.36 145.75 Td (over ) Tj ET Q q 0 0 0 rg BT 509.83 145.75 Td (the ) Tj ET Q q 0 0 0 rg BT 524.74 145.75 Td (mortgage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 133.75 Td (origination ) Tj ET Q q 0 0 0 rg BT 95.88 133.75 Td (process ) Tj ET Q q 0 0 0 rg BT 128.37 133.75 Td (and ) Tj ET Q q 0 0 0 rg BT 145.31 133.75 Td (reduces ) Tj ET Q q 0 0 0 rg BT 178.35 133.75 Td (errors ) Tj ET Q q 0 0 0 rg BT 204.17 133.75 Td (and ) Tj ET Q q 0 0 0 rg BT 221.11 133.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 243.61 133.75 Td (through ) Tj ET Q q 0 0 0 rg BT 277.21 133.75 Td (the ) Tj ET Q q 0 0 0 rg BT 291.93 133.75 Td (seamless ) Tj ET Q q 0 0 0 rg BT 329.98 133.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 370.23 133.75 Td (of ) Tj ET Q q 0 0 0 rg BT 381.06 133.75 Td (data ) Tj ET Q q 0 0 0 rg BT 400.22 133.75 Td (across ) Tj ET Q q 0 0 0 rg BT 427.71 133.75 Td (applications ) Tj ET Q q 0 0 0 rg BT 478.53 133.75 Td (and ) Tj ET Q q 0 0 0 rg BT 495.47 133.75 Td (services.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 51.50 107.45 Td (Competition ) Tj ET Q q 0 0 0 rg BT 103.44 107.45 Td (Regar) Tj ET Q q 0 0 0 rg BT 127.51 107.45 Td (ding ) Tj ET Q q 0 0 0 rg BT 147.79 107.45 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 162.51 107.45 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 183.89 107.45 Td (Mae ) Tj ET Q q 0 0 0 rg BT 204.16 107.45 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 91.05 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.46 91.05 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 111.75 91.05 Td (Mae ) Tj ET Q q 0 0 0 rg BT 131.92 91.05 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.91 91.05 Td ( ) Tj ET Q q 0 0 0 rg BT 169.32 91.05 Td (is ) Tj ET Q q 0 0 0 rg BT 178.40 91.05 Td (only ) Tj ET Q q 0 0 0 rg BT 198.59 91.05 Td (available ) Tj ET Q q 0 0 0 rg BT 237.09 91.05 Td (to ) Tj ET Q q 0 0 0 rg BT 247.27 91.05 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 287.44 91.05 Td (originators ) Tj ET Q q 0 0 0 rg BT 333.18 91.05 Td (using ) Tj ET Q q 0 0 0 rg BT 357.26 91.05 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 407.54 91.05 Td (The ) Tj ET Q q 0 0 0 rg BT 425.49 91.05 Td (principal ) Tj ET Q q 0 0 0 rg BT 463.44 91.05 Td (competition ) Tj ET Q q 0 0 0 rg BT 513.62 91.05 Td (to ) Tj ET Q q 0 0 0 rg BT 523.81 91.05 Td (the ) Tj ET Q q 0 0 0 rg BT 538.43 91.05 Td (use ) Tj ET Q q 0 0 0 rg BT 554.17 91.05 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 79.05 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.17 79.05 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 85.51 79.05 Td (Mae ) Tj ET Q q 0 0 0 rg BT 105.73 79.05 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.72 79.05 Td ( ) Tj ET Q q 0 0 0 rg BT 143.17 79.05 Td (remains ) Tj ET Q q 0 0 0 rg BT 177.28 79.05 Td (traditional ) Tj ET Q q 0 0 0 rg BT 220.83 79.05 Td (methods ) Tj ET Q q 0 0 0 rg BT 257.17 79.05 Td (of ) Tj ET Q q 0 0 0 rg BT 267.96 79.05 Td (exchanging ) Tj ET Q q 0 0 0 rg BT 316.50 79.05 Td (data ) Tj ET Q q 0 0 0 rg BT 335.61 79.05 Td (and ) Tj ET Q q 0 0 0 rg BT 352.51 79.05 Td (documents ) Tj ET Q q 0 0 0 rg BT 398.28 79.05 Td (among ) Tj ET Q q 0 0 0 rg BT 427.95 79.05 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 468.17 79.05 Td (industry ) Tj ET Q q 0 0 0 rg BT 503.40 79.05 Td (participants ) Tj ET Q q 0 0 0 rg BT 552.51 79.05 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 67.05 Td (email, ) Tj ET Q q 0 0 0 rg BT 77.72 67.05 Td (facsimile, ) Tj ET Q q 0 0 0 rg BT 120.39 67.05 Td (phone, ) Tj ET Q q 0 0 0 rg BT 150.84 67.05 Td (courier ) Tj ET Q q 0 0 0 rg BT 182.67 67.05 Td (and ) Tj ET Q q 0 0 0 rg BT 200.62 67.05 Td (mail. ) Tj ET Q q 0 0 0 rg BT 224.40 67.05 Td (In ) Tj ET Q q 0 0 0 rg BT 236.24 67.05 Td (addition, ) Tj ET Q q 0 0 0 rg BT 275.03 67.05 Td (competition ) Tj ET Q q 0 0 0 rg BT 326.31 67.05 Td (comes ) Tj ET Q q 0 0 0 rg BT 355.37 67.05 Td (from ) Tj ET Q q 0 0 0 rg BT 378.32 67.05 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 419.60 67.05 Td (originators ) Tj ET Q q 0 0 0 rg BT 466.43 67.05 Td (using ) Tj ET Q q 0 0 0 rg BT 491.62 67.05 Td (a ) Tj ET Q q 0 0 0 rg BT 499.57 67.05 Td (standalone ) Tj ET Q q 0 0 0 rg BT 545.84 67.05 Td (web ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 55.05 Td (browser ) Tj ET Q q 0 0 0 rg BT 84.91 55.05 Td (to ) Tj ET Q q 0 0 0 rg BT 95.89 55.05 Td (go ) Tj ET Q q 0 0 0 rg BT 109.09 55.05 Td (individually ) Tj ET Q q 0 0 0 rg BT 160.62 55.05 Td (to ) Tj ET Q q 0 0 0 rg BT 171.60 55.05 Td (each ) Tj ET Q q 0 0 0 rg BT 193.12 55.05 Td (investor) Tj ET Q q 0 0 0 rg BT 224.93 55.05 Td (, ) Tj ET Q q 0 0 0 rg BT 230.64 55.05 Td (lender) Tj ET Q q 0 0 0 rg BT 255.22 55.05 Td (, ) Tj ET Q q 0 0 0 rg BT 260.92 55.05 Td (or ) Tj ET Q q 0 0 0 rg BT 272.45 55.05 Td (service ) Tj ET Q q 0 0 0 rg BT 303.97 55.05 Td (provider) Tj ET Q q 0 0 0 rg BT 338.22 55.05 Td () Tj ET Q q 0 0 0 rg BT 340.99 55.05 Td (s ) Tj ET Q q 0 0 0 rg BT 348.09 55.05 Td (website ) Tj ET Q q 0 0 0 rg BT 381.83 55.05 Td (and ) Tj ET Q q 0 0 0 rg BT 399.47 55.05 Td (then ) Tj ET Q q 0 0 0 rg BT 419.89 55.05 Td (manually ) Tj ET Q q 0 0 0 rg BT 460.30 55.05 Td (upload ) Tj ET Q q 0 0 0 rg BT 490.72 55.05 Td (loan ) Tj ET Q q 0 0 0 rg BT 511.14 55.05 Td (data ) Tj ET Q q 0 0 0 rg BT 530.99 55.05 Td (or ) Tj ET Q q 0 0 0 rg BT 542.52 55.05 Td (enter ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (information ) Tj ET Q q 0 0 0 rg BT 98.59 740.10 Td (into ) Tj ET Q q 0 0 0 rg BT 116.03 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.13 740.10 Td (website. ) Tj ET Q q 0 0 0 rg BT 165.06 740.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 205.82 740.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 251.03 740.10 Td (may ) Tj ET Q q 0 0 0 rg BT 270.13 740.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 306.44 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.10 740.10 Td (use ) Tj ET Q q 0 0 0 rg BT 331.32 740.10 Td (these ) Tj ET Q q 0 0 0 rg BT 353.75 740.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 389.51 740.10 Td (due ) Tj ET Q q 0 0 0 rg BT 405.84 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.50 740.10 Td (habit, ) Tj ET Q q 0 0 0 rg BT 439.87 740.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 475.63 740.10 Td (business ) Tj ET Q q 0 0 0 rg BT 511.41 740.10 Td (relationships ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.86 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 73.55 728.10 Td (other ) Tj ET Q q 0 0 0 rg BT 96.12 728.10 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 130.64 728.10 Td (despite ) Tj ET Q q 0 0 0 rg BT 160.99 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.24 728.10 Td (disadvantages ) Tj ET Q q 0 0 0 rg BT 233.36 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.72 728.10 Td (duplicative ) Tj ET Q q 0 0 0 rg BT 290.17 728.10 Td (ef) Tj ET Q q 0 0 0 rg BT 297.76 728.10 Td (forts, ) Tj ET Q q 0 0 0 rg BT 320.62 728.10 Td (time ) Tj ET Q q 0 0 0 rg BT 340.42 728.10 Td (delays, ) Tj ET Q q 0 0 0 rg BT 370.49 728.10 Td (errors ) Tj ET Q q 0 0 0 rg BT 395.84 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.31 728.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 436.84 728.10 Td (redundant ) Tj ET Q q 0 0 0 rg BT 478.85 728.10 Td (paper ) Tj ET Q q 0 0 0 rg BT 503.08 728.10 Td (documentation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 716.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 103.93 716.10 Td (privacy ) Tj ET Q q 0 0 0 rg BT 136.41 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.35 716.10 Td (security ) Tj ET Q q 0 0 0 rg BT 187.51 716.10 Td (breaches.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 694.20 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 106.66 694.20 Td (and ) Tj ET Q q 0 0 0 rg BT 123.05 694.20 Td (service ) Tj ET Q q 0 0 0 rg BT 153.32 694.20 Td (providers, ) Tj ET Q q 0 0 0 rg BT 195.54 694.20 Td (including ) Tj ET Q q 0 0 0 rg BT 235.27 694.20 Td (those ) Tj ET Q q 0 0 0 rg BT 258.33 694.20 Td (who ) Tj ET Q q 0 0 0 rg BT 277.50 694.20 Td (participate ) Tj ET Q q 0 0 0 rg BT 321.66 694.20 Td (on ) Tj ET Q q 0 0 0 rg BT 333.61 694.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.78 694.20 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 368.61 694.20 Td (Mae ) Tj ET Q q 0 0 0 rg BT 388.33 694.20 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.33 694.20 Td (, ) Tj ET Q q 0 0 0 rg BT 427.78 694.20 Td (can ) Tj ET Q q 0 0 0 rg BT 443.61 694.20 Td (and ) Tj ET Q q 0 0 0 rg BT 460.00 694.20 Td (do ) Tj ET Q q 0 0 0 rg BT 471.95 694.20 Td (connect ) Tj ET Q q 0 0 0 rg BT 505.00 694.20 Td (with ) Tj ET Q q 0 0 0 rg BT 524.73 694.20 Td (mortgage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 682.20 Td (originators ) Tj ET Q q 0 0 0 rg BT 94.90 682.20 Td (that ) Tj ET Q q 0 0 0 rg BT 111.97 682.20 Td (are ) Tj ET Q q 0 0 0 rg BT 126.25 682.20 Td (not ) Tj ET Q q 0 0 0 rg BT 141.10 682.20 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 188.72 682.20 Td (users ) Tj ET Q q 0 0 0 rg BT 211.34 682.20 Td (in ) Tj ET Q q 0 0 0 rg BT 221.19 682.20 Td (a ) Tj ET Q q 0 0 0 rg BT 227.70 682.20 Td (variety ) Tj ET Q q 0 0 0 rg BT 257.54 682.20 Td (of ) Tj ET Q q 0 0 0 rg BT 267.94 682.20 Td (ways, ) Tj ET Q q 0 0 0 rg BT 293.07 682.20 Td (including ) Tj ET Q q 0 0 0 rg BT 332.91 682.20 Td (through ) Tj ET Q q 0 0 0 rg BT 366.09 682.20 Td (other ) Tj ET Q q 0 0 0 rg BT 388.71 682.20 Td (networks ) Tj ET Q q 0 0 0 rg BT 427.45 682.20 Td (between ) Tj ET Q q 0 0 0 rg BT 462.83 682.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 502.67 682.20 Td (originators ) Tj ET Q q 0 0 0 rg BT 548.07 682.20 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 670.20 Td (lenders ) Tj ET Q q 0 0 0 rg BT 80.88 670.20 Td (and ) Tj ET Q q 0 0 0 rg BT 97.82 670.20 Td (service ) Tj ET Q q 0 0 0 rg BT 128.63 670.20 Td (providers ) Tj ET Q q 0 0 0 rg BT 168.90 670.20 Td (such ) Tj ET Q q 0 0 0 rg BT 189.73 670.20 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.56 670.20 Td (RealEC ) Tj ET Q q 0 0 0 rg BT 233.98 670.20 Td (T) Tj ET Q q 0 0 0 rg BT 239.39 670.20 Td (echnologies, ) Tj ET Q q 0 0 0 rg BT 292.16 670.20 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 312.42 670.20 Td (a ) Tj ET Q q 0 0 0 rg BT 319.36 670.20 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 362.97 670.20 Td (of ) Tj ET Q q 0 0 0 rg BT 373.80 670.20 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 407.42 670.20 Td (National ) Tj ET Q q 0 0 0 rg BT 444.35 670.20 Td (Financial, ) Tj ET Q q 0 0 0 rg BT 486.56 670.20 Td (Inc.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 648.30 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 648.30 Td (e ) Tj ET Q q 0 0 0 rg BT 88.36 648.30 Td (compete ) Tj ET Q q 0 0 0 rg BT 125.01 648.30 Td (with ) Tj ET Q q 0 0 0 rg BT 145.57 648.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 176.66 648.30 Td (to ) Tj ET Q q 0 0 0 rg BT 187.22 648.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.22 648.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 223.88 648.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 244.43 648.30 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.42 648.30 Td ( ) Tj ET Q q 0 0 0 rg BT 282.20 648.30 Td (based ) Tj ET Q q 0 0 0 rg BT 307.74 648.30 Td (on ) Tj ET Q q 0 0 0 rg BT 320.52 648.30 Td (of) Tj ET Q q 0 0 0 rg BT 328.67 648.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 355.33 648.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 395.87 648.30 Td (originators ) Tj ET Q q 0 0 0 rg BT 441.98 648.30 Td (accessibility ) Tj ET Q q 0 0 0 rg BT 494.19 648.30 Td (to ) Tj ET Q q 0 0 0 rg BT 504.75 648.30 Td (a ) Tj ET Q q 0 0 0 rg BT 511.96 648.30 Td (critical ) Tj ET Q q 0 0 0 rg BT 542.50 648.30 Td (mass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 636.30 Td (of ) Tj ET Q q 0 0 0 rg BT 60.58 636.30 Td (investors, ) Tj ET Q q 0 0 0 rg BT 101.94 636.30 Td (lenders ) Tj ET Q q 0 0 0 rg BT 133.57 636.30 Td (and ) Tj ET Q q 0 0 0 rg BT 150.76 636.30 Td (service ) Tj ET Q q 0 0 0 rg BT 181.83 636.30 Td (providers ) Tj ET Q q 0 0 0 rg BT 222.35 636.30 Td (and ) Tj ET Q q 0 0 0 rg BT 239.54 636.30 Td (enabling ) Tj ET Q q 0 0 0 rg BT 276.72 636.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 317.24 636.30 Td (originators ) Tj ET Q q 0 0 0 rg BT 363.31 636.30 Td (to ) Tj ET Q q 0 0 0 rg BT 373.84 636.30 Td (transact ) Tj ET Q q 0 0 0 rg BT 407.69 636.30 Td (all ) Tj ET Q q 0 0 0 rg BT 420.44 636.30 Td (aspects ) Tj ET Q q 0 0 0 rg BT 452.06 636.30 Td (of ) Tj ET Q q 0 0 0 rg BT 463.15 636.30 Td (the ) Tj ET Q q 0 0 0 rg BT 478.11 636.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 518.63 636.30 Td (origination ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 624.30 Td (process ) Tj ET Q q 0 0 0 rg BT 82.65 624.30 Td (over ) Tj ET Q q 0 0 0 rg BT 103.58 624.30 Td (the ) Tj ET Q q 0 0 0 rg BT 118.96 624.30 Td (network. ) Tj ET Q q 0 0 0 rg BT 157.40 624.30 Td (In ) Tj ET Q q 0 0 0 rg BT 168.89 624.30 Td (addition, ) Tj ET Q q 0 0 0 rg BT 207.33 624.30 Td (we ) Tj ET Q q 0 0 0 rg BT 222.15 624.30 Td (compete ) Tj ET Q q 0 0 0 rg BT 259.18 624.30 Td (with ) Tj ET Q q 0 0 0 rg BT 280.13 624.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 311.60 624.30 Td (to ) Tj ET Q q 0 0 0 rg BT 322.55 624.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.93 624.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 359.97 624.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 380.90 624.30 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.89 624.30 Td ( ) Tj ET Q q 0 0 0 rg BT 419.06 624.30 Td (by ) Tj ET Q q 0 0 0 rg BT 432.22 624.30 Td (providing ) Tj ET Q q 0 0 0 rg BT 474.27 624.30 Td (investors, ) Tj ET Q q 0 0 0 rg BT 516.04 624.30 Td (lenders ) Tj ET Q q 0 0 0 rg BT 548.08 624.30 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 612.30 Td (service ) Tj ET Q q 0 0 0 rg BT 81.68 612.30 Td (providers ) Tj ET Q q 0 0 0 rg BT 123.32 612.30 Td (with ) Tj ET Q q 0 0 0 rg BT 144.97 612.30 Td (greater ) Tj ET Q q 0 0 0 rg BT 176.59 612.30 Td (access ) Tj ET Q q 0 0 0 rg BT 205.99 612.30 Td (to ) Tj ET Q q 0 0 0 rg BT 217.64 612.30 Td (the ) Tj ET Q q 0 0 0 rg BT 233.72 612.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 275.35 612.30 Td (origination ) Tj ET Q q 0 0 0 rg BT 323.10 612.30 Td (community) Tj ET Q q 0 0 0 rg BT 368.01 612.30 Td (, ) Tj ET Q q 0 0 0 rg BT 374.37 612.30 Td (which ) Tj ET Q q 0 0 0 rg BT 402.68 612.30 Td (enables ) Tj ET Q q 0 0 0 rg BT 436.53 612.30 Td (them ) Tj ET Q q 0 0 0 rg BT 460.40 612.30 Td (to ) Tj ET Q q 0 0 0 rg BT 472.04 612.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 508.66 612.30 Td (their ) Tj ET Q q 0 0 0 rg BT 530.86 612.30 Td (revenue ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 600.30 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 98.67 600.30 Td (and ) Tj ET Q q 0 0 0 rg BT 115.60 600.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 140.87 600.30 Td (the ) Tj ET Q q 0 0 0 rg BT 155.59 600.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 174.20 600.30 Td (of ) Tj ET Q q 0 0 0 rg BT 185.03 600.30 Td (marketing ) Tj ET Q q 0 0 0 rg BT 228.07 600.30 Td (and ) Tj ET Q q 0 0 0 rg BT 245.01 600.30 Td (customer ) Tj ET Q q 0 0 0 rg BT 284.16 600.30 Td (support.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 578.40 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 578.40 Td (e ) Tj ET Q q 0 0 0 rg BT 88.46 578.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 120.21 578.40 Td (we ) Tj ET Q q 0 0 0 rg BT 134.75 578.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 174.83 578.40 Td (compete ) Tj ET Q q 0 0 0 rg BT 211.59 578.40 Td (favorably ) Tj ET Q q 0 0 0 rg BT 252.78 578.40 Td (with ) Tj ET Q q 0 0 0 rg BT 273.44 578.40 Td (our ) Tj ET Q q 0 0 0 rg BT 289.65 578.40 Td (competitors; ) Tj ET Q q 0 0 0 rg BT 342.52 578.40 Td (however) Tj ET Q q 0 0 0 rg BT 376.55 578.40 Td (, ) Tj ET Q q 0 0 0 rg BT 381.93 578.40 Td (some ) Tj ET Q q 0 0 0 rg BT 405.92 578.40 Td (of ) Tj ET Q q 0 0 0 rg BT 417.13 578.40 Td (our ) Tj ET Q q 0 0 0 rg BT 433.34 578.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 460.10 578.40 Td (and ) Tj ET Q q 0 0 0 rg BT 477.42 578.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 515.29 578.40 Td (competitors ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 566.40 Td (enjoy ) Tj ET Q q 0 0 0 rg BT 74.06 566.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 119.17 566.40 Td (competitive ) Tj ET Q q 0 0 0 rg BT 168.72 566.40 Td (advantages ) Tj ET Q q 0 0 0 rg BT 215.49 566.40 Td (over ) Tj ET Q q 0 0 0 rg BT 235.60 566.40 Td (us, ) Tj ET Q q 0 0 0 rg BT 249.33 566.40 Td (such ) Tj ET Q q 0 0 0 rg BT 270.00 566.40 Td (as ) Tj ET Q q 0 0 0 rg BT 280.67 566.40 Td (longer ) Tj ET Q q 0 0 0 rg BT 308.56 566.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 348.67 566.40 Td (histories ) Tj ET Q q 0 0 0 rg BT 384.89 566.40 Td (and ) Tj ET Q q 0 0 0 rg BT 401.67 566.40 Td (significantly ) Tj ET Q q 0 0 0 rg BT 454.00 566.40 Td (greater ) Tj ET Q q 0 0 0 rg BT 484.10 566.40 Td (financial, ) Tj ET Q q 0 0 0 rg BT 523.92 566.40 Td (technical, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.40 Td (marketing ) Tj ET Q q 0 0 0 rg BT 92.54 554.40 Td (and ) Tj ET Q q 0 0 0 rg BT 109.48 554.40 Td (other ) Tj ET Q q 0 0 0 rg BT 132.53 554.40 Td (resources.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 528.10 Td (Government ) Tj ET Q q 0 0 0 rg BT 105.88 528.10 Td (Regulation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 511.70 Td (The ) Tj ET Q q 0 0 0 rg BT 90.41 511.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 110.55 511.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 150.67 511.70 Td (industry ) Tj ET Q q 0 0 0 rg BT 185.81 511.70 Td (is ) Tj ET Q q 0 0 0 rg BT 194.84 511.70 Td (heavily ) Tj ET Q q 0 0 0 rg BT 226.63 511.70 Td (regulated. ) Tj ET Q q 0 0 0 rg BT 268.70 511.70 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 309.93 511.70 Td (originators, ) Tj ET Q q 0 0 0 rg BT 358.12 511.70 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 391.86 511.70 Td (investors ) Tj ET Q q 0 0 0 rg BT 430.32 511.70 Td (and ) Tj ET Q q 0 0 0 rg BT 447.12 511.70 Td (service ) Tj ET Q q 0 0 0 rg BT 477.80 511.70 Td (providers ) Tj ET Q q 0 0 0 rg BT 517.93 511.70 Td (with ) Tj ET Q q 0 0 0 rg BT 538.06 511.70 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 499.70 Td (we ) Tj ET Q q 0 0 0 rg BT 62.74 499.70 Td (do ) Tj ET Q q 0 0 0 rg BT 74.31 499.70 Td (business ) Tj ET Q q 0 0 0 rg BT 109.78 499.70 Td (are ) Tj ET Q q 0 0 0 rg BT 123.56 499.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 153.46 499.70 Td (to ) Tj ET Q q 0 0 0 rg BT 162.82 499.70 Td (federal, ) Tj ET Q q 0 0 0 rg BT 194.65 499.70 Td (state ) Tj ET Q q 0 0 0 rg BT 214.55 499.70 Td (and ) Tj ET Q q 0 0 0 rg BT 230.57 499.70 Td (local ) Tj ET Q q 0 0 0 rg BT 251.58 499.70 Td (laws ) Tj ET Q q 0 0 0 rg BT 271.48 499.70 Td (that ) Tj ET Q q 0 0 0 rg BT 288.05 499.70 Td (regulate ) Tj ET Q q 0 0 0 rg BT 321.83 499.70 Td (and ) Tj ET Q q 0 0 0 rg BT 337.85 499.70 Td (restrict ) Tj ET Q q 0 0 0 rg BT 367.19 499.70 Td (the ) Tj ET Q q 0 0 0 rg BT 380.98 499.70 Td (manner ) Tj ET Q q 0 0 0 rg BT 412.54 499.70 Td (in ) Tj ET Q q 0 0 0 rg BT 421.89 499.70 Td (which ) Tj ET Q q 0 0 0 rg BT 447.91 499.70 Td (they ) Tj ET Q q 0 0 0 rg BT 466.70 499.70 Td (operate ) Tj ET Q q 0 0 0 rg BT 497.70 499.70 Td (in ) Tj ET Q q 0 0 0 rg BT 507.06 499.70 Td (the ) Tj ET Q q 0 0 0 rg BT 520.85 499.70 Td (residential ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 487.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 90.32 487.70 Td (industry) Tj ET Q q 0 0 0 rg BT 122.45 487.70 Td (, ) Tj ET Q q 0 0 0 rg BT 128.00 487.70 Td (including ) Tj ET Q q 0 0 0 rg BT 168.83 487.70 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 215.77 487.70 Td (X ) Tj ET Q q 0 0 0 rg BT 226.05 487.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.43 487.70 Td (RESP) Tj ET Q q 0 0 0 rg BT 260.42 487.70 Td (A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.64 487.70 Td (, ) Tj ET Q q 0 0 0 rg BT 273.19 487.70 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 320.13 487.70 Td (Z ) Tj ET Q q 0 0 0 rg BT 329.30 487.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.46 487.70 Td (TILA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.23 487.70 Td (, ) Tj ET Q q 0 0 0 rg BT 368.78 487.70 Td (the ) Tj ET Q q 0 0 0 rg BT 384.06 487.70 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 425.99 487.70 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 471.81 487.70 Td (Improvement ) Tj ET Q q 0 0 0 rg BT 528.07 487.70 Td (Act, ) Tj ET Q q 0 0 0 rg BT 548.06 487.70 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 475.70 Td (SAFE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.95 475.70 Td (. ) Tj ET Q q 0 0 0 rg BT 79.40 475.70 Td (In ) Tj ET Q q 0 0 0 rg BT 90.68 475.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 128.90 475.70 Td (the ) Tj ET Q q 0 0 0 rg BT 144.07 475.70 Td (passage ) Tj ET Q q 0 0 0 rg BT 178.11 475.70 Td (of ) Tj ET Q q 0 0 0 rg BT 189.39 475.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.56 475.70 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 255.74 475.70 Td (Act) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.17 475.70 Td ( ) Tj ET Q q 0 0 0 rg BT 273.12 475.70 Td (has ) Tj ET Q q 0 0 0 rg BT 289.40 475.70 Td (increased, ) Tj ET Q q 0 0 0 rg BT 332.60 475.70 Td (and ) Tj ET Q q 0 0 0 rg BT 349.99 475.70 Td (will ) Tj ET Q q 0 0 0 rg BT 368.49 475.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 405.88 475.70 Td (to ) Tj ET Q q 0 0 0 rg BT 416.60 475.70 Td (increase, ) Tj ET Q q 0 0 0 rg BT 454.81 475.70 Td (regulation ) Tj ET Q q 0 0 0 rg BT 498.30 475.70 Td (of ) Tj ET Q q 0 0 0 rg BT 509.57 475.70 Td (the ) Tj ET Q q 0 0 0 rg BT 524.74 475.70 Td (mortgage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 463.70 Td (industry) Tj ET Q q 0 0 0 rg BT 81.63 463.70 Td (, ) Tj ET Q q 0 0 0 rg BT 87.29 463.70 Td (including: ) Tj ET Q q 0 0 0 rg BT 131.00 463.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 171.36 463.70 Td (prohibiting ) Tj ET Q q 0 0 0 rg BT 218.96 463.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 250.99 463.70 Td (from ) Tj ET Q q 0 0 0 rg BT 273.59 463.70 Td (making ) Tj ET Q q 0 0 0 rg BT 306.74 463.70 Td (residential ) Tj ET Q q 0 0 0 rg BT 351.55 463.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 392.47 463.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 416.74 463.70 Td (unless ) Tj ET Q q 0 0 0 rg BT 444.90 463.70 Td (a ) Tj ET Q q 0 0 0 rg BT 452.50 463.70 Td (good ) Tj ET Q q 0 0 0 rg BT 475.65 463.70 Td (faith ) Tj ET Q q 0 0 0 rg BT 497.14 463.70 Td (determination ) Tj ET Q q 0 0 0 rg BT 555.83 463.70 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 451.70 Td (made ) Tj ET Q q 0 0 0 rg BT 73.34 451.70 Td (of ) Tj ET Q q 0 0 0 rg BT 83.86 451.70 Td (a ) Tj ET Q q 0 0 0 rg BT 90.49 451.70 Td (borrower) Tj ET Q q 0 0 0 rg BT 127.51 451.70 Td () Tj ET Q q 0 0 0 rg BT 130.29 451.70 Td (s ) Tj ET Q q 0 0 0 rg BT 136.37 451.70 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 204.65 451.70 Td (based ) Tj ET Q q 0 0 0 rg BT 229.61 451.70 Td (on ) Tj ET Q q 0 0 0 rg BT 241.80 451.70 Td (verified ) Tj ET Q q 0 0 0 rg BT 275.08 451.70 Td (and ) Tj ET Q q 0 0 0 rg BT 291.71 451.70 Td (documented ) Tj ET Q q 0 0 0 rg BT 342.77 451.70 Td (information; ) Tj ET Q q 0 0 0 rg BT 394.95 451.70 Td (requiring ) Tj ET Q q 0 0 0 rg BT 433.79 451.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.20 451.70 Td (CFPB) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.66 451.70 Td ( ) Tj ET Q q 0 0 0 rg BT 474.85 451.70 Td (to ) Tj ET Q q 0 0 0 rg BT 484.82 451.70 Td (enact ) Tj ET Q q 0 0 0 rg BT 508.10 451.70 Td (regulations ) Tj ET Q q 0 0 0 rg BT 554.73 451.70 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 439.70 Td (help ) Tj ET Q q 0 0 0 rg BT 68.86 439.70 Td (assure ) Tj ET Q q 0 0 0 rg BT 95.99 439.70 Td (that ) Tj ET Q q 0 0 0 rg BT 113.13 439.70 Td (consumers ) Tj ET Q q 0 0 0 rg BT 158.04 439.70 Td (are ) Tj ET Q q 0 0 0 rg BT 172.39 439.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 210.08 439.70 Td (with ) Tj ET Q q 0 0 0 rg BT 230.00 439.70 Td (timely ) Tj ET Q q 0 0 0 rg BT 257.70 439.70 Td (and ) Tj ET Q q 0 0 0 rg BT 274.28 439.70 Td (understandable ) Tj ET Q q 0 0 0 rg BT 336.95 439.70 Td (information ) Tj ET Q q 0 0 0 rg BT 386.31 439.70 Td (about ) Tj ET Q q 0 0 0 rg BT 410.67 439.70 Td (residential ) Tj ET Q q 0 0 0 rg BT 454.46 439.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 494.36 439.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 517.62 439.70 Td (that ) Tj ET Q q 0 0 0 rg BT 534.75 439.70 Td (protect ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 427.70 Td (them ) Tj ET Q q 0 0 0 rg BT 71.68 427.70 Td (against ) Tj ET Q q 0 0 0 rg BT 102.19 427.70 Td (unfair) Tj ET Q q 0 0 0 rg BT 125.66 427.70 Td (, ) Tj ET Q q 0 0 0 rg BT 130.34 427.70 Td (deceptive ) Tj ET Q q 0 0 0 rg BT 170.84 427.70 Td (and ) Tj ET Q q 0 0 0 rg BT 187.46 427.70 Td (abusive ) Tj ET Q q 0 0 0 rg BT 220.19 427.70 Td (practices; ) Tj ET Q q 0 0 0 rg BT 260.68 427.70 Td (and ) Tj ET Q q 0 0 0 rg BT 277.30 427.70 Td (requiring ) Tj ET Q q 0 0 0 rg BT 316.14 427.70 Td (federal ) Tj ET Q q 0 0 0 rg BT 346.08 427.70 Td (regulators ) Tj ET Q q 0 0 0 rg BT 388.25 427.70 Td (to ) Tj ET Q q 0 0 0 rg BT 398.21 427.70 Td (establish ) Tj ET Q q 0 0 0 rg BT 435.38 427.70 Td (minimum ) Tj ET Q q 0 0 0 rg BT 476.46 427.70 Td (national ) Tj ET Q q 0 0 0 rg BT 510.85 427.70 Td (underwriting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 415.70 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 93.50 415.70 Td (for ) Tj ET Q q 0 0 0 rg BT 108.06 415.70 Td (residential ) Tj ET Q q 0 0 0 rg BT 152.60 415.70 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 197.16 415.70 Td (that ) Tj ET Q q 0 0 0 rg BT 215.05 415.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 246.82 415.70 Td (will ) Tj ET Q q 0 0 0 rg BT 265.28 415.70 Td (be ) Tj ET Q q 0 0 0 rg BT 277.61 415.70 Td (allowed ) Tj ET Q q 0 0 0 rg BT 312.16 415.70 Td (to ) Tj ET Q q 0 0 0 rg BT 322.84 415.70 Td (securitize ) Tj ET Q q 0 0 0 rg BT 364.05 415.70 Td (and ) Tj ET Q q 0 0 0 rg BT 381.38 415.70 Td (sell ) Tj ET Q q 0 0 0 rg BT 398.17 415.70 Td (to ) Tj ET Q q 0 0 0 rg BT 408.84 415.70 Td (third-party ) Tj ET Q q 0 0 0 rg BT 454.50 415.70 Td (investors ) Tj ET Q q 0 0 0 rg BT 493.51 415.70 Td (without ) Tj ET Q q 0 0 0 rg BT 526.96 415.70 Td (retaining ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 403.70 Td (any ) Tj ET Q q 0 0 0 rg BT 67.52 403.70 Td (of ) Tj ET Q q 0 0 0 rg BT 79.43 403.70 Td (the ) Tj ET Q q 0 0 0 rg BT 95.23 403.70 Td (loans) Tj ET Q q 0 0 0 rg BT 118.93 403.70 Td ( ) Tj ET Q q 0 0 0 rg BT 122.51 403.70 Td (default ) Tj ET Q q 0 0 0 rg BT 153.86 403.70 Td (risk. ) Tj ET Q q 0 0 0 rg BT 174.15 403.70 Td (Although ) Tj ET Q q 0 0 0 rg BT 215.51 403.70 Td (we ) Tj ET Q q 0 0 0 rg BT 230.76 403.70 Td (are ) Tj ET Q q 0 0 0 rg BT 246.55 403.70 Td (not ) Tj ET Q q 0 0 0 rg BT 262.91 403.70 Td (directly ) Tj ET Q q 0 0 0 rg BT 297.03 403.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 328.94 403.70 Td (to ) Tj ET Q q 0 0 0 rg BT 340.30 403.70 Td (these ) Tj ET Q q 0 0 0 rg BT 364.43 403.70 Td (laws ) Tj ET Q q 0 0 0 rg BT 386.35 403.70 Td (and ) Tj ET Q q 0 0 0 rg BT 404.37 403.70 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 454.88 403.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 490.67 403.70 Td (to ) Tj ET Q q 0 0 0 rg BT 502.04 403.70 Td (these ) Tj ET Q q 0 0 0 rg BT 526.17 403.70 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.08 403.70 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 391.70 Td (regulations ) Tj ET Q q 0 0 0 rg BT 96.60 391.70 Td (could ) Tj ET Q q 0 0 0 rg BT 121.48 391.70 Td (broaden ) Tj ET Q q 0 0 0 rg BT 156.36 391.70 Td (the ) Tj ET Q q 0 0 0 rg BT 171.24 391.70 Td (scope ) Tj ET Q q 0 0 0 rg BT 196.67 391.70 Td (of ) Tj ET Q q 0 0 0 rg BT 207.67 391.70 Td (parties ) Tj ET Q q 0 0 0 rg BT 236.99 391.70 Td (or ) Tj ET Q q 0 0 0 rg BT 247.99 391.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 286.75 391.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 317.74 391.70 Td (to ) Tj ET Q q 0 0 0 rg BT 328.19 391.70 Td (regulation ) Tj ET Q q 0 0 0 rg BT 371.39 391.70 Td (and ) Tj ET Q q 0 0 0 rg BT 388.50 391.70 Td (require ) Tj ET Q q 0 0 0 rg BT 419.48 391.70 Td (us ) Tj ET Q q 0 0 0 rg BT 431.04 391.70 Td (to ) Tj ET Q q 0 0 0 rg BT 441.48 391.70 Td (comply ) Tj ET Q q 0 0 0 rg BT 474.14 391.70 Td (with ) Tj ET Q q 0 0 0 rg BT 494.59 391.70 Td (their ) Tj ET Q q 0 0 0 rg BT 515.58 391.70 Td (restrictions, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 379.70 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 379.70 Td (new ) Tj ET Q q 0 0 0 rg BT 85.60 379.70 Td (products ) Tj ET Q q 0 0 0 rg BT 122.54 379.70 Td (and ) Tj ET Q q 0 0 0 rg BT 139.48 379.70 Td (services ) Tj ET Q q 0 0 0 rg BT 174.18 379.70 Td (developed ) Tj ET Q q 0 0 0 rg BT 217.78 379.70 Td (by ) Tj ET Q q 0 0 0 rg BT 230.28 379.70 Td (us ) Tj ET Q q 0 0 0 rg BT 241.67 379.70 Td (may ) Tj ET Q q 0 0 0 rg BT 261.38 379.70 Td (be ) Tj ET Q q 0 0 0 rg BT 273.32 379.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 304.15 379.70 Td (to, ) Tj ET Q q 0 0 0 rg BT 316.93 379.70 Td (or ) Tj ET Q q 0 0 0 rg BT 327.76 379.70 Td (have ) Tj ET Q q 0 0 0 rg BT 349.13 379.70 Td (to ) Tj ET Q q 0 0 0 rg BT 359.41 379.70 Td (reflect, ) Tj ET Q q 0 0 0 rg BT 389.94 379.70 Td (these ) Tj ET Q q 0 0 0 rg BT 412.99 379.70 Td (laws ) Tj ET Q q 0 0 0 rg BT 433.82 379.70 Td (or ) Tj ET Q q 0 0 0 rg BT 444.65 379.70 Td (regulations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 357.80 Td (In ) Tj ET Q q 0 0 0 rg BT 83.37 357.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 121.18 357.80 Td (we ) Tj ET Q q 0 0 0 rg BT 135.38 357.80 Td (are ) Tj ET Q q 0 0 0 rg BT 150.13 357.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 180.99 357.80 Td (to ) Tj ET Q q 0 0 0 rg BT 191.31 357.80 Td (general ) Tj ET Q q 0 0 0 rg BT 223.27 357.80 Td (business ) Tj ET Q q 0 0 0 rg BT 259.70 357.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 280.57 357.80 Td (and ) Tj ET Q q 0 0 0 rg BT 297.55 357.80 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 347.02 357.80 Td (as ) Tj ET Q q 0 0 0 rg BT 357.89 357.80 Td (well ) Tj ET Q q 0 0 0 rg BT 377.65 357.80 Td (as ) Tj ET Q q 0 0 0 rg BT 388.52 357.80 Td (laws ) Tj ET Q q 0 0 0 rg BT 409.38 357.80 Td (and ) Tj ET Q q 0 0 0 rg BT 426.36 357.80 Td (regulations ) Tj ET Q q 0 0 0 rg BT 473.33 357.80 Td (specifically ) Tj ET Q q 0 0 0 rg BT 521.96 357.80 Td (governing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 345.80 Td (the ) Tj ET Q q 0 0 0 rg BT 65.67 345.80 Td (Internet, ) Tj ET Q q 0 0 0 rg BT 103.21 345.80 Td (such ) Tj ET Q q 0 0 0 rg BT 125.49 345.80 Td (as ) Tj ET Q q 0 0 0 rg BT 137.77 345.80 Td (those ) Tj ET Q q 0 0 0 rg BT 162.83 345.80 Td (covering ) Tj ET Q q 0 0 0 rg BT 201.76 345.80 Td (taxation, ) Tj ET Q q 0 0 0 rg BT 240.42 345.80 Td (tarif) Tj ET Q q 0 0 0 rg BT 256.90 345.80 Td (fs, ) Tj ET Q q 0 0 0 rg BT 270.57 345.80 Td (user ) Tj ET Q q 0 0 0 rg BT 291.18 345.80 Td (privacy) Tj ET Q q 0 0 0 rg BT 320.52 345.80 Td (, ) Tj ET Q q 0 0 0 rg BT 326.97 345.80 Td (data ) Tj ET Q q 0 0 0 rg BT 347.57 345.80 Td (protection, ) Tj ET Q q 0 0 0 rg BT 394.56 345.80 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 429.34 345.80 Td (content, ) Tj ET Q q 0 0 0 rg BT 465.22 345.80 Td (copyrights, ) Tj ET Q q 0 0 0 rg BT 513.89 345.80 Td (distribution, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 333.80 Td (electronic ) Tj ET Q q 0 0 0 rg BT 91.05 333.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 129.27 333.80 Td (and ) Tj ET Q q 0 0 0 rg BT 145.83 333.80 Td (other ) Tj ET Q q 0 0 0 rg BT 168.51 333.80 Td (communications, ) Tj ET Q q 0 0 0 rg BT 239.24 333.80 Td (consumer ) Tj ET Q q 0 0 0 rg BT 280.24 333.80 Td (protection, ) Tj ET Q q 0 0 0 rg BT 325.41 333.80 Td (broadband ) Tj ET Q q 0 0 0 rg BT 369.75 333.80 Td (residential ) Tj ET Q q 0 0 0 rg BT 413.52 333.80 Td (Internet ) Tj ET Q q 0 0 0 rg BT 446.75 333.80 Td (access ) Tj ET Q q 0 0 0 rg BT 474.41 333.80 Td (and ) Tj ET Q q 0 0 0 rg BT 490.98 333.80 Td (the ) Tj ET Q q 0 0 0 rg BT 505.32 333.80 Td (characteristics ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 321.80 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 321.80 Td (quality ) Tj ET Q q 0 0 0 rg BT 96.71 321.80 Td (of ) Tj ET Q q 0 0 0 rg BT 107.54 321.80 Td (services.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 295.50 Td (Employees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 279.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.91 279.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 141.41 279.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.41 279.10 Td (, ) Tj ET Q q 0 0 0 rg BT 165.32 279.10 Td (we ) Tj ET Q q 0 0 0 rg BT 178.39 279.10 Td (had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.25 279.10 Td (407) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.25 279.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.66 279.10 Td (full-time ) Tj ET Q q 0 0 0 rg BT 247.06 279.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 293.74 279.10 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.92 279.10 Td (79) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.92 279.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.34 279.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.53 279.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 374.38 279.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.23 279.10 Td (marketing, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.68 279.10 Td (275) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.68 279.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.10 279.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.29 279.10 Td (research ) Tj ET Q q 0 0 0 rg BT 495.01 279.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.86 279.10 Td (development ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 267.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.01 267.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 114.52 267.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.03 267.10 Td (53) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.03 267.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.10 267.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.95 267.10 Td (general ) Tj ET Q q 0 0 0 rg BT 188.45 267.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.96 267.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 266.24 267.10 Td (functions. ) Tj ET Q q 0 0 0 rg BT 309.03 267.10 Td (None ) Tj ET Q q 0 0 0 rg BT 333.76 267.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.17 267.10 Td (our ) Tj ET Q q 0 0 0 rg BT 361.57 267.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 407.40 267.10 Td (are ) Tj ET Q q 0 0 0 rg BT 422.68 267.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 457.40 267.10 Td (by ) Tj ET Q q 0 0 0 rg BT 470.48 267.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.99 267.10 Td (collective ) Tj ET Q q 0 0 0 rg BT 519.93 267.10 Td (bar) Tj ET Q q 0 0 0 rg BT 532.51 267.10 Td (gaining ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 255.10 Td (agreement.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 228.80 Td (Facilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 212.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.73 212.40 Td (corporate ) Tj ET Q q 0 0 0 rg BT 129.16 212.40 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 181.93 212.40 Td (are ) Tj ET Q q 0 0 0 rg BT 195.81 212.40 Td (located ) Tj ET Q q 0 0 0 rg BT 226.36 212.40 Td (in ) Tj ET Q q 0 0 0 rg BT 235.82 212.40 Td (Pleasanton, ) Tj ET Q q 0 0 0 rg BT 283.32 212.40 Td (California, ) Tj ET Q q 0 0 0 rg BT 328.04 212.40 Td (in ) Tj ET Q q 0 0 0 rg BT 337.50 212.40 Td (two ) Tj ET Q q 0 0 0 rg BT 354.18 212.40 Td (facilities ) Tj ET Q q 0 0 0 rg BT 390.29 212.40 Td (totaling ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.52 212.40 Td (54,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.02 212.40 Td ( ) Tj ET Q q 0 0 0 rg BT 451.70 212.40 Td (square-feet, ) Tj ET Q q 0 0 0 rg BT 500.29 212.40 Td (under ) Tj ET Q q 0 0 0 rg BT 524.74 212.40 Td (subleases ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 200.40 Td (expiring ) Tj ET Q q 0 0 0 rg BT 86.00 200.40 Td (in ) Tj ET Q q 0 0 0 rg BT 96.95 200.40 Td (May ) Tj ET Q q 0 0 0 rg BT 118.46 200.40 Td (2015. ) Tj ET Q q 0 0 0 rg BT 143.91 200.40 Td (W) Tj ET Q q 0 0 0 rg BT 152.54 200.40 Td (e ) Tj ET Q q 0 0 0 rg BT 160.16 200.40 Td (also ) Tj ET Q q 0 0 0 rg BT 179.44 200.40 Td (have ) Tj ET Q q 0 0 0 rg BT 201.49 200.40 Td (field-based ) Tj ET Q q 0 0 0 rg BT 249.09 200.40 Td (staf) Tj ET Q q 0 0 0 rg BT 263.35 200.40 Td (f ) Tj ET Q q 0 0 0 rg BT 269.85 200.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 310.79 200.40 Td (in ) Tj ET Q q 0 0 0 rg BT 321.75 200.40 Td (several ) Tj ET Q q 0 0 0 rg BT 353.24 200.40 Td (areas ) Tj ET Q q 0 0 0 rg BT 376.95 200.40 Td (around ) Tj ET Q q 0 0 0 rg BT 407.89 200.40 Td (the ) Tj ET Q q 0 0 0 rg BT 423.29 200.40 Td (country) Tj ET Q q 0 0 0 rg BT 453.18 200.40 Td (, ) Tj ET Q q 0 0 0 rg BT 458.86 200.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 499.25 200.40 Td (based ) Tj ET Q q 0 0 0 rg BT 525.19 200.40 Td (in ) Tj ET Q q 0 0 0 rg BT 536.14 200.40 Td (Irvine, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 188.40 Td (California; ) Tj ET Q q 0 0 0 rg BT 94.50 188.40 Td (Calabasas, ) Tj ET Q q 0 0 0 rg BT 138.66 188.40 Td (California; ) Tj ET Q q 0 0 0 rg BT 183.65 188.40 Td (San ) Tj ET Q q 0 0 0 rg BT 200.33 188.40 Td (Diego, ) Tj ET Q q 0 0 0 rg BT 228.95 188.40 Td (California; ) Tj ET Q q 0 0 0 rg BT 273.82 188.40 Td (W) Tj ET Q q 0 0 0 rg BT 282.46 188.40 Td (orcester) Tj ET Q q 0 0 0 rg BT 313.70 188.40 Td (, ) Tj ET Q q 0 0 0 rg BT 317.88 188.40 Td (Massachusetts; ) Tj ET Q q 0 0 0 rg BT 380.10 188.40 Td (Omaha, ) Tj ET Q q 0 0 0 rg BT 413.16 188.40 Td (Nebraska; ) Tj ET Q q 0 0 0 rg BT 455.37 188.40 Td (and ) Tj ET Q q 0 0 0 rg BT 471.48 188.40 Td (Montville, ) Tj ET Q q 0 0 0 rg BT 515.10 188.40 Td (New ) Tj ET Q q 0 0 0 rg BT 535.66 188.40 Td (Jersey) Tj ET Q q 0 0 0 rg BT 560.00 188.40 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 153.58 Td (ITEM 1A.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 153.58 Td (RISK FACTORS) Tj ET Q BT /F2 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 132.40 Td (Y) Tj ET Q q 0 0 0 rg BT 78.14 132.40 Td (ou ) Tj ET Q q 0 0 0 rg BT 90.25 132.40 Td (should ) Tj ET Q q 0 0 0 rg BT 119.02 132.40 Td (car) Tj ET Q q 0 0 0 rg BT 131.98 132.40 Td (efully ) Tj ET Q q 0 0 0 rg BT 156.30 132.40 Td (consider ) Tj ET Q q 0 0 0 rg BT 192.84 132.40 Td (the ) Tj ET Q q 0 0 0 rg BT 207.16 132.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 228.16 132.40 Td (described ) Tj ET Q q 0 0 0 rg BT 269.14 132.40 Td (below ) Tj ET Q q 0 0 0 rg BT 295.13 132.40 Td (and ) Tj ET Q q 0 0 0 rg BT 312.24 132.40 Td (the ) Tj ET Q q 0 0 0 rg BT 326.56 132.40 Td (other ) Tj ET Q q 0 0 0 rg BT 349.77 132.40 Td (information ) Tj ET Q q 0 0 0 rg BT 399.10 132.40 Td (in ) Tj ET Q q 0 0 0 rg BT 408.98 132.40 Td (this ) Tj ET Q q 0 0 0 rg BT 425.54 132.40 Td (r) Tj ET Q q 0 0 0 rg BT 429.06 132.40 Td (eport. ) Tj ET Q q 0 0 0 rg BT 454.77 132.40 Td (If ) Tj ET Q q 0 0 0 rg BT 462.98 132.40 Td (any ) Tj ET Q q 0 0 0 rg BT 479.53 132.40 Td (of ) Tj ET Q q 0 0 0 rg BT 489.41 132.40 Td (the ) Tj ET Q q 0 0 0 rg BT 503.73 132.40 Td (following ) Tj ET Q q 0 0 0 rg BT 543.62 132.40 Td (risks ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 120.40 Td (materialize, ) Tj ET Q q 0 0 0 rg BT 99.65 120.40 Td (our ) Tj ET Q q 0 0 0 rg BT 116.19 120.40 Td (business ) Tj ET Q q 0 0 0 rg BT 152.74 120.40 Td (could ) Tj ET Q q 0 0 0 rg BT 177.61 120.40 Td (be ) Tj ET Q q 0 0 0 rg BT 189.70 120.40 Td (materially ) Tj ET Q q 0 0 0 rg BT 233.45 120.40 Td (harmed, ) Tj ET Q q 0 0 0 rg BT 269.16 120.40 Td (and ) Tj ET Q q 0 0 0 rg BT 286.81 120.40 Td (our ) Tj ET Q q 0 0 0 rg BT 303.36 120.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 341.56 120.40 Td (condition ) Tj ET Q q 0 0 0 rg BT 381.99 120.40 Td (and ) Tj ET Q q 0 0 0 rg BT 399.64 120.40 Td (r) Tj ET Q q 0 0 0 rg BT 403.16 120.40 Td (esults ) Tj ET Q q 0 0 0 rg BT 428.59 120.40 Td (of ) Tj ET Q q 0 0 0 rg BT 439.02 120.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 484.45 120.40 Td (could ) Tj ET Q q 0 0 0 rg BT 509.32 120.40 Td (be ) Tj ET Q q 0 0 0 rg BT 521.41 120.40 Td (materially ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 108.40 Td (and ) Tj ET Q q 0 0 0 rg BT 67.23 108.40 Td (adversely ) Tj ET Q q 0 0 0 rg BT 108.28 108.40 Td (affected. ) Tj ET Q q 0 0 0 rg BT 145.16 108.40 Td (The ) Tj ET Q q 0 0 0 rg BT 162.89 108.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 184.51 108.40 Td (described ) Tj ET Q q 0 0 0 rg BT 226.12 108.40 Td (below ) Tj ET Q q 0 0 0 rg BT 252.74 108.40 Td (ar) Tj ET Q q 0 0 0 rg BT 261.26 108.40 Td (e ) Tj ET Q q 0 0 0 rg BT 268.43 108.40 Td (not ) Tj ET Q q 0 0 0 rg BT 283.94 108.40 Td (the ) Tj ET Q q 0 0 0 rg BT 298.88 108.40 Td (only ) Tj ET Q q 0 0 0 rg BT 318.83 108.40 Td (ones ) Tj ET Q q 0 0 0 rg BT 339.89 108.40 Td (facing ) Tj ET Q q 0 0 0 rg BT 367.62 108.40 Td (us. ) Tj ET Q q 0 0 0 rg BT 381.54 108.40 Td (Additional ) Tj ET Q q 0 0 0 rg BT 426.50 108.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 448.12 108.40 Td (not ) Tj ET Q q 0 0 0 rg BT 463.63 108.40 Td (curr) Tj ET Q q 0 0 0 rg BT 480.48 108.40 Td (ently ) Tj ET Q q 0 0 0 rg BT 502.64 108.40 Td (known ) Tj ET Q q 0 0 0 rg BT 531.48 108.40 Td (to ) Tj ET Q q 0 0 0 rg BT 541.99 108.40 Td (us ) Tj ET Q q 0 0 0 rg BT 553.62 108.40 Td (or ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 96.40 Td (that ) Tj ET Q q 0 0 0 rg BT 67.56 96.40 Td (we ) Tj ET Q q 0 0 0 rg BT 81.17 96.40 Td (curr) Tj ET Q q 0 0 0 rg BT 98.02 96.40 Td (ently ) Tj ET Q q 0 0 0 rg BT 119.95 96.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 150.76 96.40 Td (ar) Tj ET Q q 0 0 0 rg BT 159.28 96.40 Td (e ) Tj ET Q q 0 0 0 rg BT 166.22 96.40 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 212.61 96.40 Td (may ) Tj ET Q q 0 0 0 rg BT 231.77 96.40 Td (also ) Tj ET Q q 0 0 0 rg BT 250.94 96.40 Td (impair ) Tj ET Q q 0 0 0 rg BT 280.11 96.40 Td (our ) Tj ET Q q 0 0 0 rg BT 296.50 96.40 Td (business, ) Tj ET Q q 0 0 0 rg BT 335.39 96.40 Td (r) Tj ET Q q 0 0 0 rg BT 338.91 96.40 Td (esults ) Tj ET Q q 0 0 0 rg BT 364.19 96.40 Td (of ) Tj ET Q q 0 0 0 rg BT 374.47 96.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 422.24 96.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.30 96.40 Td (condition ) Tj ET Q q 0 0 0 rg BT 500.57 96.40 Td (and ) Tj ET Q q 0 0 0 rg BT 518.07 96.40 Td (liquidity) Tj ET Q q 0 0 0 rg BT 550.85 96.40 Td (.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (14) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.41 740.25 Td (future ) Tj ET Q q 0 0 0 rg BT 96.20 740.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 151.20 740.25 Td (will ) Tj ET Q q 0 0 0 rg BT 168.44 740.25 Td (be ) Tj ET Q q 0 0 0 rg BT 180.11 740.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 208.46 740.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 252.90 740.25 Td (on ) Tj ET Q q 0 0 0 rg BT 265.70 740.25 Td (our ) Tj ET Q q 0 0 0 rg BT 282.38 740.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 310.16 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 320.17 740.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 358.52 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 368.53 740.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 397.43 740.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 420.78 740.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 470.25 740.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 514.15 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 531.94 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 541.95 740.25 Td (grow ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 88.66 728.25 Td (from ) Tj ET Q q 0 0 0 rg BT 111.16 728.25 Td (new ) Tj ET Q q 0 0 0 rg BT 130.33 728.25 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 179.50 728.25 Td (services.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 707.25 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 707.25 Td (o ) Tj ET Q q 0 0 0 rg BT 86.20 707.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 123.47 707.25 Td (or ) Tj ET Q q 0 0 0 rg BT 134.09 707.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 169.13 707.25 Td (our ) Tj ET Q q 0 0 0 rg BT 184.75 707.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 225.07 707.25 Td (we ) Tj ET Q q 0 0 0 rg BT 239.02 707.25 Td (must ) Tj ET Q q 0 0 0 rg BT 260.75 707.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 295.79 707.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.30 707.25 Td (number ) Tj ET Q q 0 0 0 rg BT 343.13 707.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.75 707.25 Td (users ) Tj ET Q q 0 0 0 rg BT 376.59 707.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.20 707.25 Td (our ) Tj ET Q q 0 0 0 rg BT 402.82 707.25 Td (software ) Tj ET Q q 0 0 0 rg BT 439.53 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.26 707.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 501.85 707.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.46 707.25 Td (our ) Tj ET Q q 0 0 0 rg BT 528.08 707.25 Td (software ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 695.25 Td (users ) Tj ET Q q 0 0 0 rg BT 72.49 695.25 Td (who ) Tj ET Q q 0 0 0 rg BT 92.15 695.25 Td (choose ) Tj ET Q q 0 0 0 rg BT 122.35 695.25 Td (our ) Tj ET Q q 0 0 0 rg BT 138.12 695.25 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 185.54 695.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 207.98 695.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 255.96 695.25 Td (of) Tj ET Q q 0 0 0 rg BT 264.11 695.25 Td (fering, ) Tj ET Q q 0 0 0 rg BT 292.92 695.25 Td (from ) Tj ET Q q 0 0 0 rg BT 314.80 695.25 Td (which ) Tj ET Q q 0 0 0 rg BT 341.67 695.25 Td (we ) Tj ET Q q 0 0 0 rg BT 355.77 695.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 392.07 695.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 422.26 695.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 460.23 695.25 Td (than ) Tj ET Q q 0 0 0 rg BT 479.89 695.25 Td (from ) Tj ET Q q 0 0 0 rg BT 501.76 695.25 Td (our ) Tj ET Q q 0 0 0 rg BT 517.53 695.25 Td (on-premise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (license ) Tj ET Q q 0 0 0 rg BT 79.61 683.25 Td (of) Tj ET Q q 0 0 0 rg BT 87.76 683.25 Td (fering. ) Tj ET Q q 0 0 0 rg BT 116.32 683.25 Td (W) Tj ET Q q 0 0 0 rg BT 124.95 683.25 Td (e ) Tj ET Q q 0 0 0 rg BT 131.74 683.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 160.74 683.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 201.95 683.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.63 683.25 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 279.41 683.25 Td (Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.29 683.25 Td ( ) Tj ET Q q 0 0 0 rg BT 310.64 683.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 344.64 683.25 Td (will ) Tj ET Q q 0 0 0 rg BT 362.55 683.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 399.33 683.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.46 683.25 Td (be ) Tj ET Q q 0 0 0 rg BT 421.24 683.25 Td (successful. ) Tj ET Q q 0 0 0 rg BT 467.19 683.25 Td (If ) Tj ET Q q 0 0 0 rg BT 476.20 683.25 Td (it ) Tj ET Q q 0 0 0 rg BT 484.10 683.25 Td (is ) Tj ET Q q 0 0 0 rg BT 493.12 683.25 Td (not ) Tj ET Q q 0 0 0 rg BT 508.24 683.25 Td (successful, ) Tj ET Q q 0 0 0 rg BT 554.19 683.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (if ) Tj ET Q q 0 0 0 rg BT 57.66 671.25 Td (we ) Tj ET Q q 0 0 0 rg BT 71.38 671.25 Td (are ) Tj ET Q q 0 0 0 rg BT 85.64 671.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 114.34 671.25 Td (to ) Tj ET Q q 0 0 0 rg BT 124.18 671.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 157.33 671.25 Td (an ) Tj ET Q q 0 0 0 rg BT 168.82 671.25 Td (alternate ) Tj ET Q q 0 0 0 rg BT 205.30 671.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 239.00 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.50 671.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 306.43 671.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 341.23 671.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.50 671.25 Td (number ) Tj ET Q q 0 0 0 rg BT 388.10 671.25 Td (of ) Tj ET Q q 0 0 0 rg BT 398.49 671.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 420.54 671.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 468.14 671.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 513.24 671.25 Td (our ) Tj ET Q q 0 0 0 rg BT 528.62 671.25 Td (business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.22 659.25 Td (be ) Tj ET Q q 0 0 0 rg BT 81.16 659.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 124.19 659.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 165.01 659.25 Td (af) Tj ET Q q 0 0 0 rg BT 172.60 659.25 Td (fected.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 638.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.24 638.25 Td (success ) Tj ET Q q 0 0 0 rg BT 123.42 638.25 Td (will ) Tj ET Q q 0 0 0 rg BT 141.17 638.25 Td (also ) Tj ET Q q 0 0 0 rg BT 159.47 638.25 Td (depend, ) Tj ET Q q 0 0 0 rg BT 193.03 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.00 638.25 Td (a ) Tj ET Q q 0 0 0 rg BT 209.63 638.25 Td (lar) Tj ET Q q 0 0 0 rg BT 220.00 638.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 231.63 638.25 Td (extent, ) Tj ET Q q 0 0 0 rg BT 260.75 638.25 Td (on ) Tj ET Q q 0 0 0 rg BT 272.94 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.35 638.25 Td (willingness ) Tj ET Q q 0 0 0 rg BT 335.09 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.61 638.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 385.57 638.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 416.63 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 426.60 638.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 463.22 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.19 638.25 Td (accept ) Tj ET Q q 0 0 0 rg BT 500.91 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.32 638.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 537.51 638.25 Td (model ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 626.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.10 626.25 Td (delivering ) Tj ET Q q 0 0 0 rg BT 105.57 626.25 Td (software ) Tj ET Q q 0 0 0 rg BT 141.94 626.25 Td (applications ) Tj ET Q q 0 0 0 rg BT 192.19 626.25 Td (that ) Tj ET Q q 0 0 0 rg BT 209.12 626.25 Td (they ) Tj ET Q q 0 0 0 rg BT 228.27 626.25 Td (view ) Tj ET Q q 0 0 0 rg BT 249.65 626.25 Td (as ) Tj ET Q q 0 0 0 rg BT 259.91 626.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 289.61 626.25 Td (to ) Tj ET Q q 0 0 0 rg BT 299.32 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 313.47 626.25 Td (success ) Tj ET Q q 0 0 0 rg BT 345.40 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.66 626.25 Td (their ) Tj ET Q q 0 0 0 rg BT 375.92 626.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 414.25 626.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 431.74 626.25 Td (success ) Tj ET Q q 0 0 0 rg BT 463.66 626.25 Td (will ) Tj ET Q q 0 0 0 rg BT 481.15 626.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 533.64 626.25 Td (depend ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 614.25 Td (on ) Tj ET Q q 0 0 0 rg BT 61.88 614.25 Td (our ) Tj ET Q q 0 0 0 rg BT 77.60 614.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 105.53 614.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.70 614.25 Td (convince ) Tj ET Q q 0 0 0 rg BT 154.18 614.25 Td (enterprises ) Tj ET Q q 0 0 0 rg BT 199.88 614.25 Td (using ) Tj ET Q q 0 0 0 rg BT 223.93 614.25 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 271.30 614.25 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 313.11 614.25 Td (software ) Tj ET Q q 0 0 0 rg BT 349.92 614.25 Td (solutions ) Tj ET Q q 0 0 0 rg BT 388.42 614.25 Td (to ) Tj ET Q q 0 0 0 rg BT 398.58 614.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 424.86 614.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 469.45 614.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 510.71 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.54 614.25 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 602.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 89.57 602.25 Td (to ) Tj ET Q q 0 0 0 rg BT 99.66 602.25 Td (migrate ) Tj ET Q q 0 0 0 rg BT 132.51 602.25 Td (to ) Tj ET Q q 0 0 0 rg BT 142.60 602.25 Td (our ) Tj ET Q q 0 0 0 rg BT 158.24 602.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 180.55 602.25 Td (of) Tj ET Q q 0 0 0 rg BT 188.70 602.25 Td (fering. ) Tj ET Q q 0 0 0 rg BT 217.39 602.25 Td (It ) Tj ET Q q 0 0 0 rg BT 225.81 602.25 Td (is ) Tj ET Q q 0 0 0 rg BT 234.79 602.25 Td (dif) Tj ET Q q 0 0 0 rg BT 245.72 602.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 269.13 602.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.22 602.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 309.30 602.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 348.26 602.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 385.57 602.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 406.76 602.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.51 602.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 457.47 602.25 Td (for ) Tj ET Q q 0 0 0 rg BT 471.45 602.25 Td (our ) Tj ET Q q 0 0 0 rg BT 487.09 602.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 524.10 602.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.63 602.25 Td (future ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 590.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 80.77 590.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 98.70 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.09 590.25 Td (size ) Tj ET Q q 0 0 0 rg BT 134.58 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.85 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.01 590.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 183.96 590.25 Td (market ) Tj ET Q q 0 0 0 rg BT 214.67 590.25 Td (or ) Tj ET Q q 0 0 0 rg BT 225.94 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.10 590.25 Td (entry ) Tj ET Q q 0 0 0 rg BT 264.59 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.87 590.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 326.02 590.25 Td (applications. ) Tj ET Q q 0 0 0 rg BT 379.57 590.25 Td (The ) Tj ET Q q 0 0 0 rg BT 398.06 590.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 429.34 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.61 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.77 590.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 478.72 590.25 Td (market ) Tj ET Q q 0 0 0 rg BT 509.42 590.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 545.14 590.25 Td (on ) Tj ET Q q 0 0 0 rg BT 558.08 590.25 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 578.25 Td (number ) Tj ET Q q 0 0 0 rg BT 82.84 578.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.97 578.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 126.47 578.25 Td (including ) Tj ET Q q 0 0 0 rg BT 167.04 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.05 578.25 Td (cost, ) Tj ET Q q 0 0 0 rg BT 203.45 578.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 256.77 578.25 Td (and ) Tj ET Q q 0 0 0 rg BT 274.00 578.25 Td (perceived ) Tj ET Q q 0 0 0 rg BT 315.66 578.25 Td (value ) Tj ET Q q 0 0 0 rg BT 340.11 578.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 383.99 578.25 Td (with ) Tj ET Q q 0 0 0 rg BT 404.57 578.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 427.36 578.25 Td (of) Tj ET Q q 0 0 0 rg BT 435.51 578.25 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 468.57 578.25 Td (as ) Tj ET Q q 0 0 0 rg BT 479.70 578.25 Td (well ) Tj ET Q q 0 0 0 rg BT 499.71 578.25 Td (as ) Tj ET Q q 0 0 0 rg BT 510.83 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.84 578.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.19 578.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 566.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 71.81 566.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 116.89 566.25 Td (to ) Tj ET Q q 0 0 0 rg BT 126.98 566.25 Td (address ) Tj ET Q q 0 0 0 rg BT 159.28 566.25 Td (security ) Tj ET Q q 0 0 0 rg BT 193.24 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.99 566.25 Td (privacy ) Tj ET Q q 0 0 0 rg BT 242.29 566.25 Td (concerns. ) Tj ET Q q 0 0 0 rg BT 282.64 566.25 Td (If ) Tj ET Q q 0 0 0 rg BT 291.61 566.25 Td (other ) Tj ET Q q 0 0 0 rg BT 314.47 566.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 336.78 566.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 376.86 566.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 422.47 566.25 Td (security ) Tj ET Q q 0 0 0 rg BT 456.43 566.25 Td (incidents, ) Tj ET Q q 0 0 0 rg BT 497.35 566.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 515.22 566.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.86 566.25 Td (customer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 71.99 554.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 119.78 554.25 Td (in ) Tj ET Q q 0 0 0 rg BT 130.89 554.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 166.99 554.25 Td (or ) Tj ET Q q 0 0 0 rg BT 178.66 554.25 Td (other ) Tj ET Q q 0 0 0 rg BT 202.54 554.25 Td (problems, ) Tj ET Q q 0 0 0 rg BT 245.59 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.15 554.25 Td (market ) Tj ET Q q 0 0 0 rg BT 292.25 554.25 Td (for ) Tj ET Q q 0 0 0 rg BT 307.24 554.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 330.58 554.25 Td (applications ) Tj ET Q q 0 0 0 rg BT 382.24 554.25 Td (as ) Tj ET Q q 0 0 0 rg BT 393.90 554.25 Td (a ) Tj ET Q q 0 0 0 rg BT 401.68 554.25 Td (whole, ) Tj ET Q q 0 0 0 rg BT 431.95 554.25 Td (including ) Tj ET Q q 0 0 0 rg BT 473.06 554.25 Td (our ) Tj ET Q q 0 0 0 rg BT 489.73 554.25 Td (own ) Tj ET Q q 0 0 0 rg BT 510.29 554.25 Td (products ) Tj ET Q q 0 0 0 rg BT 548.06 554.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 542.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 86.97 542.25 Td (may ) Tj ET Q q 0 0 0 rg BT 106.95 542.25 Td (be ) Tj ET Q q 0 0 0 rg BT 119.16 542.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 163.57 542.25 Td (af) Tj ET Q q 0 0 0 rg BT 171.16 542.25 Td (fected. ) Tj ET Q q 0 0 0 rg BT 200.85 542.25 Td (If ) Tj ET Q q 0 0 0 rg BT 210.28 542.25 Td (there ) Tj ET Q q 0 0 0 rg BT 233.03 542.25 Td (is ) Tj ET Q q 0 0 0 rg BT 242.46 542.25 Td (a ) Tj ET Q q 0 0 0 rg BT 249.66 542.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 290.19 542.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.74 542.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 335.16 542.25 Td (for ) Tj ET Q q 0 0 0 rg BT 349.58 542.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 372.35 542.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 402.32 542.25 Td (by ) Tj ET Q q 0 0 0 rg BT 415.08 542.25 Td (technological ) Tj ET Q q 0 0 0 rg BT 471.72 542.25 Td (challenges, ) Tj ET Q q 0 0 0 rg BT 519.18 542.25 Td (weakening ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 530.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 91.91 530.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 139.62 530.25 Td (security ) Tj ET Q q 0 0 0 rg BT 174.81 530.25 Td (or ) Tj ET Q q 0 0 0 rg BT 186.68 530.25 Td (privacy ) Tj ET Q q 0 0 0 rg BT 220.21 530.25 Td (concerns, ) Tj ET Q q 0 0 0 rg BT 261.79 530.25 Td (competing ) Tj ET Q q 0 0 0 rg BT 307.54 530.25 Td (technologies ) Tj ET Q q 0 0 0 rg BT 361.62 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.60 530.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 420.08 530.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 461.92 530.25 Td (in ) Tj ET Q q 0 0 0 rg BT 473.24 530.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 514.53 530.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 554.18 530.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 518.25 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 93.38 518.25 Td (it ) Tj ET Q q 0 0 0 rg BT 101.43 518.25 Td (could ) Tj ET Q q 0 0 0 rg BT 126.15 518.25 Td (result ) Tj ET Q q 0 0 0 rg BT 150.87 518.25 Td (in ) Tj ET Q q 0 0 0 rg BT 161.15 518.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 203.06 518.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 241.10 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.04 518.25 Td (our ) Tj ET Q q 0 0 0 rg BT 273.87 518.25 Td (business ) Tj ET Q q 0 0 0 rg BT 310.26 518.25 Td (could ) Tj ET Q q 0 0 0 rg BT 334.97 518.25 Td (be ) Tj ET Q q 0 0 0 rg BT 346.91 518.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 387.73 518.25 Td (af) Tj ET Q q 0 0 0 rg BT 395.32 518.25 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (In ) Tj ET Q q 0 0 0 rg BT 62.16 497.25 Td (order ) Tj ET Q q 0 0 0 rg BT 87.58 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.56 497.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 122.33 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 139.98 497.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 180.70 497.25 Td (we ) Tj ET Q q 0 0 0 rg BT 195.01 497.25 Td (must ) Tj ET Q q 0 0 0 rg BT 218.23 497.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 251.43 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.41 497.25 Td (use ) Tj ET Q q 0 0 0 rg BT 284.50 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.04 497.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 340.90 497.25 Td (services ) Tj ET Q q 0 0 0 rg BT 376.31 497.25 Td (on, ) Tj ET Q q 0 0 0 rg BT 392.58 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.34 497.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 448.98 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.96 497.25 Td (number ) Tj ET Q q 0 0 0 rg BT 500.40 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.93 497.25 Td (transactions ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 485.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 84.01 485.25 Td (through, ) Tj ET Q q 0 0 0 rg BT 122.37 485.25 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 137.64 485.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 159.59 485.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 180.42 485.25 Td (Network) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.42 485.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 464.25 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 464.25 Td (o ) Tj ET Q q 0 0 0 rg BT 87.13 464.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 110.90 464.25 Td (our ) Tj ET Q q 0 0 0 rg BT 127.45 464.25 Td (base ) Tj ET Q q 0 0 0 rg BT 148.43 464.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.98 464.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 182.08 464.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 203.07 464.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.06 464.25 Td ( ) Tj ET Q q 0 0 0 rg BT 241.27 464.25 Td (participants, ) Tj ET Q q 0 0 0 rg BT 293.64 464.25 Td (we ) Tj ET Q q 0 0 0 rg BT 308.52 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.18 464.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 370.49 464.25 Td (service ) Tj ET Q q 0 0 0 rg BT 402.03 464.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 443.01 464.25 Td (must ) Tj ET Q q 0 0 0 rg BT 465.68 464.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 503.33 464.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.33 464.25 Td (enhance ) Tj ET Q q 0 0 0 rg BT 550.30 464.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 452.25 Td (features ) Tj ET Q q 0 0 0 rg BT 84.46 452.25 Td (and ) Tj ET Q q 0 0 0 rg BT 102.21 452.25 Td (functionality ) Tj ET Q q 0 0 0 rg BT 156.62 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.26 452.25 Td (of) Tj ET Q q 0 0 0 rg BT 176.41 452.25 Td (ferings ) Tj ET Q q 0 0 0 rg BT 207.50 452.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.59 452.25 Td (them. ) Tj ET Q q 0 0 0 rg BT 244.40 452.25 Td ( ) Tj ET Q q 0 0 0 rg BT 247.71 452.25 Td (In ) Tj ET Q q 0 0 0 rg BT 259.35 452.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 297.94 452.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 342.34 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.87 452.25 Td (number ) Tj ET Q q 0 0 0 rg BT 391.73 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.38 452.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 447.79 452.25 Td (service ) Tj ET Q q 0 0 0 rg BT 479.42 452.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 530.49 452.25 Td (ef) Tj ET Q q 0 0 0 rg BT 538.08 452.25 Td (fected ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 440.25 Td (through ) Tj ET Q q 0 0 0 rg BT 82.97 440.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.54 440.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 118.79 440.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 138.92 440.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.91 440.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.27 440.25 Td (will ) Tj ET Q q 0 0 0 rg BT 194.18 440.25 Td (depend, ) Tj ET Q q 0 0 0 rg BT 227.92 440.25 Td (in ) Tj ET Q q 0 0 0 rg BT 238.06 440.25 Td (part, ) Tj ET Q q 0 0 0 rg BT 258.46 440.25 Td (on ) Tj ET Q q 0 0 0 rg BT 270.82 440.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 314.28 440.25 Td (service ) Tj ET Q q 0 0 0 rg BT 344.96 440.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 385.09 440.25 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 428.54 440.25 Td (their ) Tj ET Q q 0 0 0 rg BT 449.22 440.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 487.67 440.25 Td (capabilities, ) Tj ET Q q 0 0 0 rg BT 538.07 440.25 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 428.25 Td (lar) Tj ET Q q 0 0 0 rg BT 69.04 428.25 Td (gely ) Tj ET Q q 0 0 0 rg BT 88.75 428.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 120.69 428.25 Td (our ) Tj ET Q q 0 0 0 rg BT 136.52 428.25 Td (control.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 407.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 407.25 Td (e ) Tj ET Q q 0 0 0 rg BT 90.26 407.25 Td (must ) Tj ET Q q 0 0 0 rg BT 113.39 407.25 Td (also ) Tj ET Q q 0 0 0 rg BT 133.18 407.25 Td (convince ) Tj ET Q q 0 0 0 rg BT 172.95 407.25 Td (a ) Tj ET Q q 0 0 0 rg BT 181.07 407.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 212.52 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.53 407.25 Td (potential ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.20 407.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 285.77 407.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 307.22 407.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.21 407.25 Td ( ) Tj ET Q q 0 0 0 rg BT 345.89 407.25 Td (participants, ) Tj ET Q q 0 0 0 rg BT 398.72 407.25 Td (including ) Tj ET Q q 0 0 0 rg BT 440.17 407.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 481.62 407.25 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 516.68 407.25 Td (originators, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 395.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 93.02 395.25 Td (service ) Tj ET Q q 0 0 0 rg BT 123.77 395.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 163.96 395.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.82 395.25 Td (mega ) Tj ET Q q 0 0 0 rg BT 204.91 395.25 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 238.71 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.46 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.11 395.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 298.19 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.94 395.25 Td (electronic ) Tj ET Q q 0 0 0 rg BT 350.79 395.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 397.10 395.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.96 395.25 Td (network ) Tj ET Q q 0 0 0 rg BT 449.15 395.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 502.12 395.25 Td (as ) Tj ET Q q 0 0 0 rg BT 512.87 395.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.72 395.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 383.25 Td (traditional ) Tj ET Q q 0 0 0 rg BT 93.10 383.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 133.36 383.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 179.74 383.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 216.13 383.25 Td (including ) Tj ET Q q 0 0 0 rg BT 256.40 383.25 Td (paper) Tj ET Q q 0 0 0 rg BT 278.21 383.25 Td (, ) Tj ET Q q 0 0 0 rg BT 283.21 383.25 Td (facsimile, ) Tj ET Q q 0 0 0 rg BT 324.86 383.25 Td (courier) Tj ET Q q 0 0 0 rg BT 352.78 383.25 Td (, ) Tj ET Q q 0 0 0 rg BT 357.78 383.25 Td (mail ) Tj ET Q q 0 0 0 rg BT 378.05 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.99 383.25 Td (email.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 362.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 362.25 Td (e ) Tj ET Q q 0 0 0 rg BT 89.29 362.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 118.66 362.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 160.23 362.25 Td (that ) Tj ET Q q 0 0 0 rg BT 177.94 362.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.98 362.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 215.58 362.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 236.06 362.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.05 362.25 Td ( ) Tj ET Q q 0 0 0 rg BT 273.76 362.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.91 362.25 Td (other ) Tj ET Q q 0 0 0 rg BT 314.17 362.25 Td (service ) Tj ET Q q 0 0 0 rg BT 345.20 362.25 Td (of) Tj ET Q q 0 0 0 rg BT 353.35 362.25 Td (ferings ) Tj ET Q q 0 0 0 rg BT 383.83 362.25 Td (will ) Tj ET Q q 0 0 0 rg BT 402.10 362.25 Td (achieve ) Tj ET Q q 0 0 0 rg BT 435.34 362.25 Td (market ) Tj ET Q q 0 0 0 rg BT 465.82 362.25 Td (acceptance. ) Tj ET Q q 0 0 0 rg BT 514.88 362.25 Td (In ) Tj ET Q q 0 0 0 rg BT 525.92 362.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.85 362.25 Td (event ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 350.25 Td (these ) Tj ET Q q 0 0 0 rg BT 72.55 350.25 Td (ef) Tj ET Q q 0 0 0 rg BT 80.13 350.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 100.96 350.25 Td (are ) Tj ET Q q 0 0 0 rg BT 115.67 350.25 Td (not ) Tj ET Q q 0 0 0 rg BT 130.95 350.25 Td (successful, ) Tj ET Q q 0 0 0 rg BT 177.05 350.25 Td (our ) Tj ET Q q 0 0 0 rg BT 192.88 350.25 Td (business ) Tj ET Q q 0 0 0 rg BT 229.27 350.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.21 350.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 277.04 350.25 Td (prospects ) Tj ET Q q 0 0 0 rg BT 317.31 350.25 Td (would ) Tj ET Q q 0 0 0 rg BT 344.81 350.25 Td (be ) Tj ET Q q 0 0 0 rg BT 356.75 350.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 397.56 350.25 Td (af) Tj ET Q q 0 0 0 rg BT 405.15 350.25 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (System ) Tj ET Q q 0 0 0 rg BT 80.50 329.25 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 136.51 329.25 Td (that ) Tj ET Q q 0 0 0 rg BT 154.74 329.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 184.08 329.25 Td (access ) Tj ET Q q 0 0 0 rg BT 212.28 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 222.17 329.25 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 237.06 329.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 258.61 329.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 279.05 329.25 Td (Network) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 314.05 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 316.16 329.25 Td (or ) Tj ET Q q 0 0 0 rg BT 327.16 329.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 350.39 329.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 399.73 329.25 Td (could ) Tj ET Q q 0 0 0 rg BT 424.61 329.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 458.94 329.25 Td (our ) Tj ET Q q 0 0 0 rg BT 475.50 329.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 520.40 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 538.07 329.25 Td (brand ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.56 317.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 122.30 317.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 147.03 317.25 Td (our ) Tj ET Q q 0 0 0 rg BT 163.98 317.25 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 296.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.62 296.25 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 142.29 296.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 198.88 296.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 241.33 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.34 296.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 307.90 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.81 296.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 343.38 296.25 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 395.00 296.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.79 296.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 433.25 296.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 454.59 296.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.58 296.25 Td (, ) Tj ET Q q 0 0 0 rg BT 495.65 296.25 Td (our ) Tj ET Q q 0 0 0 rg BT 512.55 296.25 Td (website, ) Tj ET Q q 0 0 0 rg BT 549.17 296.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 86.06 284.25 Td (including ) Tj ET Q q 0 0 0 rg BT 125.69 284.25 Td (our ) Tj ET Q q 0 0 0 rg BT 140.87 284.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 188.27 284.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 238.44 284.25 Td (Service, ) Tj ET Q q 0 0 0 rg BT 272.78 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.07 284.25 Td (our ) Tj ET Q q 0 0 0 rg BT 304.26 284.25 Td (network ) Tj ET Q q 0 0 0 rg BT 338.88 284.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 394.59 284.25 Td (are ) Tj ET Q q 0 0 0 rg BT 408.65 284.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 438.26 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 447.90 284.25 Td (our ) Tj ET Q q 0 0 0 rg BT 463.08 284.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 505.47 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.77 284.25 Td (our ) Tj ET Q q 0 0 0 rg BT 536.95 284.25 Td (ability ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.46 272.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 88.63 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.26 272.25 Td (retain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.21 272.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 154.27 272.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 175.23 272.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.22 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 213.40 272.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 263.24 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.86 272.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 329.60 272.25 Td (users. ) Tj ET Q q 0 0 0 rg BT 355.84 272.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 392.34 272.25 Td (our ) Tj ET Q q 0 0 0 rg BT 408.85 272.25 Td (service ) Tj ET Q q 0 0 0 rg BT 440.35 272.25 Td (is ) Tj ET Q q 0 0 0 rg BT 450.21 272.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 487.83 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.45 272.25 Td (incorporates ) Tj ET Q q 0 0 0 rg BT 558.06 272.25 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 78.73 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.54 260.25 Td (hardware ) Tj ET Q q 0 0 0 rg BT 127.20 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.11 260.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 189.01 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.92 260.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 249.15 260.25 Td (software, ) Tj ET Q q 0 0 0 rg BT 287.55 260.25 Td (our ) Tj ET Q q 0 0 0 rg BT 302.35 260.25 Td (service ) Tj ET Q q 0 0 0 rg BT 332.14 260.25 Td (may ) Tj ET Q q 0 0 0 rg BT 350.83 260.25 Td (have ) Tj ET Q q 0 0 0 rg BT 371.18 260.25 Td (errors ) Tj ET Q q 0 0 0 rg BT 395.97 260.25 Td (or ) Tj ET Q q 0 0 0 rg BT 405.77 260.25 Td (defects ) Tj ET Q q 0 0 0 rg BT 435.56 260.25 Td (that ) Tj ET Q q 0 0 0 rg BT 452.02 260.25 Td (could ) Tj ET Q q 0 0 0 rg BT 475.71 260.25 Td (result ) Tj ET Q q 0 0 0 rg BT 499.40 260.25 Td (in ) Tj ET Q q 0 0 0 rg BT 508.65 260.25 Td (unanticipated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (downtime ) Tj ET Q q 0 0 0 rg BT 92.61 248.25 Td (for ) Tj ET Q q 0 0 0 rg BT 107.39 248.25 Td (our ) Tj ET Q q 0 0 0 rg BT 123.84 248.25 Td (subscribers. ) Tj ET Q q 0 0 0 rg BT 174.45 248.25 Td (Internet-based ) Tj ET Q q 0 0 0 rg BT 234.76 248.25 Td (services ) Tj ET Q q 0 0 0 rg BT 270.09 248.25 Td (frequently ) Tj ET Q q 0 0 0 rg BT 314.30 248.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 346.86 248.25 Td (undetected ) Tj ET Q q 0 0 0 rg BT 393.29 248.25 Td (errors ) Tj ET Q q 0 0 0 rg BT 419.72 248.25 Td (when ) Tj ET Q q 0 0 0 rg BT 444.50 248.25 Td (first ) Tj ET Q q 0 0 0 rg BT 463.73 248.25 Td (introduced ) Tj ET Q q 0 0 0 rg BT 509.61 248.25 Td (or ) Tj ET Q q 0 0 0 rg BT 521.06 248.25 Td (when ) Tj ET Q q 0 0 0 rg BT 545.84 248.25 Td (new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (versions ) Tj ET Q q 0 0 0 rg BT 85.13 236.25 Td (or ) Tj ET Q q 0 0 0 rg BT 95.76 236.25 Td (enhancements ) Tj ET Q q 0 0 0 rg BT 154.70 236.25 Td (are ) Tj ET Q q 0 0 0 rg BT 169.20 236.25 Td (released. ) Tj ET Q q 0 0 0 rg BT 206.59 236.25 Td (W) Tj ET Q q 0 0 0 rg BT 215.23 236.25 Td (e ) Tj ET Q q 0 0 0 rg BT 221.96 236.25 Td (have ) Tj ET Q q 0 0 0 rg BT 243.14 236.25 Td (from ) Tj ET Q q 0 0 0 rg BT 264.88 236.25 Td (time ) Tj ET Q q 0 0 0 rg BT 284.95 236.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.03 236.25 Td (time ) Tj ET Q q 0 0 0 rg BT 315.10 236.25 Td (found ) Tj ET Q q 0 0 0 rg BT 340.73 236.25 Td (defects ) Tj ET Q q 0 0 0 rg BT 371.34 236.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.42 236.25 Td (our ) Tj ET Q q 0 0 0 rg BT 397.05 236.25 Td (service ) Tj ET Q q 0 0 0 rg BT 427.66 236.25 Td (and ) Tj ET Q q 0 0 0 rg BT 444.40 236.25 Td (new ) Tj ET Q q 0 0 0 rg BT 463.36 236.25 Td (errors ) Tj ET Q q 0 0 0 rg BT 488.98 236.25 Td (in ) Tj ET Q q 0 0 0 rg BT 499.06 236.25 Td (our ) Tj ET Q q 0 0 0 rg BT 514.68 236.25 Td (service ) Tj ET Q q 0 0 0 rg BT 545.30 236.25 Td (may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (be ) Tj ET Q q 0 0 0 rg BT 62.03 224.25 Td (detected ) Tj ET Q q 0 0 0 rg BT 98.42 224.25 Td (in ) Tj ET Q q 0 0 0 rg BT 109.29 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.59 224.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 154.06 224.25 Td (In ) Tj ET Q q 0 0 0 rg BT 165.48 224.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 203.84 224.25 Td (our ) Tj ET Q q 0 0 0 rg BT 220.25 224.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 263.89 224.25 Td (may ) Tj ET Q q 0 0 0 rg BT 284.19 224.25 Td (use ) Tj ET Q q 0 0 0 rg BT 300.61 224.25 Td (our ) Tj ET Q q 0 0 0 rg BT 317.03 224.25 Td (service ) Tj ET Q q 0 0 0 rg BT 348.43 224.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.30 224.25 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 416.25 224.25 Td (ways ) Tj ET Q q 0 0 0 rg BT 439.89 224.25 Td (that ) Tj ET Q q 0 0 0 rg BT 457.97 224.25 Td (may ) Tj ET Q q 0 0 0 rg BT 478.28 224.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 503.57 224.25 Td (a ) Tj ET Q q 0 0 0 rg BT 511.10 224.25 Td (disruption ) Tj ET Q q 0 0 0 rg BT 554.74 224.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 212.25 Td (service ) Tj ET Q q 0 0 0 rg BT 81.04 212.25 Td (for ) Tj ET Q q 0 0 0 rg BT 95.92 212.25 Td (other ) Tj ET Q q 0 0 0 rg BT 119.69 212.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 163.46 212.25 Td (attempting ) Tj ET Q q 0 0 0 rg BT 209.45 212.25 Td (to ) Tj ET Q q 0 0 0 rg BT 220.45 212.25 Td (access ) Tj ET Q q 0 0 0 rg BT 249.21 212.25 Td (their ) Tj ET Q q 0 0 0 rg BT 270.76 212.25 Td (data. ) Tj ET Q q 0 0 0 rg BT 293.14 212.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 318.58 212.25 Td (our ) Tj ET Q q 0 0 0 rg BT 335.13 212.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 378.90 212.25 Td (use ) Tj ET Q q 0 0 0 rg BT 395.45 212.25 Td (our ) Tj ET Q q 0 0 0 rg BT 412.00 212.25 Td (service ) Tj ET Q q 0 0 0 rg BT 443.54 212.25 Td (for ) Tj ET Q q 0 0 0 rg BT 458.43 212.25 Td (important ) Tj ET Q q 0 0 0 rg BT 500.53 212.25 Td (aspects ) Tj ET Q q 0 0 0 rg BT 532.63 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.18 212.25 Td (their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 200.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 88.27 200.25 Td (any ) Tj ET Q q 0 0 0 rg BT 105.09 200.25 Td (errors, ) Tj ET Q q 0 0 0 rg BT 133.29 200.25 Td (defects, ) Tj ET Q q 0 0 0 rg BT 166.49 200.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 213.32 200.25 Td (in ) Tj ET Q q 0 0 0 rg BT 223.47 200.25 Td (service ) Tj ET Q q 0 0 0 rg BT 254.17 200.25 Td (or ) Tj ET Q q 0 0 0 rg BT 264.88 200.25 Td (other ) Tj ET Q q 0 0 0 rg BT 287.81 200.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 340.71 200.25 Td (problems ) Tj ET Q q 0 0 0 rg BT 380.31 200.25 Td (could ) Tj ET Q q 0 0 0 rg BT 404.91 200.25 Td (result ) Tj ET Q q 0 0 0 rg BT 429.50 200.25 Td (in ) Tj ET Q q 0 0 0 rg BT 439.66 200.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 475.91 200.25 Td (publicity) Tj ET Q q 0 0 0 rg BT 510.82 200.25 Td (, ) Tj ET Q q 0 0 0 rg BT 515.70 200.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 549.17 200.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 188.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 92.70 188.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.80 188.25 Td (brand, ) Tj ET Q q 0 0 0 rg BT 137.72 188.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 167.03 188.25 Td (our ) Tj ET Q q 0 0 0 rg BT 183.01 188.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 219.82 188.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 244.68 188.25 Td (us ) Tj ET Q q 0 0 0 rg BT 256.23 188.25 Td (to ) Tj ET Q q 0 0 0 rg BT 266.67 188.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 289.32 188.25 Td (credits, ) Tj ET Q q 0 0 0 rg BT 321.14 188.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 365.45 188.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 395.31 188.25 Td (our ) Tj ET Q q 0 0 0 rg BT 411.30 188.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 439.51 188.25 Td (to ) Tj ET Q q 0 0 0 rg BT 449.95 188.25 Td (run ) Tj ET Q q 0 0 0 rg BT 465.94 188.25 Td (our ) Tj ET Q q 0 0 0 rg BT 481.92 188.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 520.97 188.25 Td (hinder ) Tj ET Q q 0 0 0 rg BT 549.18 188.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 176.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.19 176.25 Td (to ) Tj ET Q q 0 0 0 rg BT 87.10 176.25 Td (enroll ) Tj ET Q q 0 0 0 rg BT 112.56 176.25 Td (new ) Tj ET Q q 0 0 0 rg BT 131.35 176.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 174.03 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.60 176.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 214.94 176.25 Td (us ) Tj ET Q q 0 0 0 rg BT 225.97 176.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.88 176.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 254.12 176.25 Td (current ) Tj ET Q q 0 0 0 rg BT 284.57 176.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 329.75 176.25 Td (all ) Tj ET Q q 0 0 0 rg BT 341.88 176.25 Td (of ) Tj ET Q q 0 0 0 rg BT 352.35 176.25 Td (which ) Tj ET Q q 0 0 0 rg BT 378.92 176.25 Td (could ) Tj ET Q q 0 0 0 rg BT 403.27 176.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 425.95 176.25 Td (our ) Tj ET Q q 0 0 0 rg BT 441.41 176.25 Td (business ) Tj ET Q q 0 0 0 rg BT 477.44 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.01 176.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 533.91 176.25 Td (results.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 155.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 155.25 Td (e ) Tj ET Q q 0 0 0 rg BT 89.12 155.25 Td (have ) Tj ET Q q 0 0 0 rg BT 110.55 155.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 161.39 155.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.38 155.25 Td (may ) Tj ET Q q 0 0 0 rg BT 198.14 155.25 Td (in ) Tj ET Q q 0 0 0 rg BT 208.47 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.23 155.25 Td (future ) Tj ET Q q 0 0 0 rg BT 249.65 155.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 286.63 155.25 Td (to ) Tj ET Q q 0 0 0 rg BT 296.96 155.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 342.80 155.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 386.44 155.25 Td (system ) Tj ET Q q 0 0 0 rg BT 416.77 155.25 Td (interruptions, ) Tj ET Q q 0 0 0 rg BT 472.92 155.25 Td (either ) Tj ET Q q 0 0 0 rg BT 498.23 155.25 Td (to ) Tj ET Q q 0 0 0 rg BT 508.55 155.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.32 155.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 544.75 155.25 Td (Mae ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 143.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.49 143.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.35 143.25 Td (or ) Tj ET Q q 0 0 0 rg BT 98.55 143.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.19 143.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 132.05 143.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 180.46 143.25 Td (hosting ) Tj ET Q q 0 0 0 rg BT 212.78 143.25 Td (locations, ) Tj ET Q q 0 0 0 rg BT 254.24 143.25 Td (for ) Tj ET Q q 0 0 0 rg BT 268.77 143.25 Td (a ) Tj ET Q q 0 0 0 rg BT 276.07 143.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 306.70 143.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.89 143.25 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 353.25 143.25 Td (including ) Tj ET Q q 0 0 0 rg BT 393.88 143.25 Td (network ) Tj ET Q q 0 0 0 rg BT 429.51 143.25 Td (failures, ) Tj ET Q q 0 0 0 rg BT 464.86 143.25 Td (power ) Tj ET Q q 0 0 0 rg BT 492.72 143.25 Td (failures, ) Tj ET Q q 0 0 0 rg BT 528.07 143.25 Td (software ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 131.25 Td (errors, ) Tj ET Q q 0 0 0 rg BT 76.85 131.25 Td (problems ) Tj ET Q q 0 0 0 rg BT 115.60 131.25 Td (with ) Tj ET Q q 0 0 0 rg BT 134.92 131.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 182.00 131.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.97 131.25 Td (other ) Tj ET Q q 0 0 0 rg BT 220.05 131.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 264.34 131.25 Td (firmware ) Tj ET Q q 0 0 0 rg BT 302.52 131.25 Td (updates, ) Tj ET Q q 0 0 0 rg BT 337.10 131.25 Td (as ) Tj ET Q q 0 0 0 rg BT 346.97 131.25 Td (well ) Tj ET Q q 0 0 0 rg BT 365.72 131.25 Td (as ) Tj ET Q q 0 0 0 rg BT 375.58 131.25 Td (an ) Tj ET Q q 0 0 0 rg BT 386.55 131.25 Td (overwhelming ) Tj ET Q q 0 0 0 rg BT 445.85 131.25 Td (number ) Tj ET Q q 0 0 0 rg BT 477.93 131.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.79 131.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 508.21 131.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 527.51 131.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.50 131.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 119.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 98.22 119.25 Td (and ) Tj ET Q q 0 0 0 rg BT 114.72 119.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 162.33 119.25 Td (users ) Tj ET Q q 0 0 0 rg BT 184.95 119.25 Td (trying ) Tj ET Q q 0 0 0 rg BT 210.90 119.25 Td (to ) Tj ET Q q 0 0 0 rg BT 220.75 119.25 Td (access ) Tj ET Q q 0 0 0 rg BT 248.35 119.25 Td (our ) Tj ET Q q 0 0 0 rg BT 263.74 119.25 Td (network ) Tj ET Q q 0 0 0 rg BT 298.58 119.25 Td (during ) Tj ET Q q 0 0 0 rg BT 326.75 119.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 358.25 119.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.65 119.25 Td (strong ) Tj ET Q q 0 0 0 rg BT 395.72 119.25 Td (demand. ) Tj ET Q q 0 0 0 rg BT 431.94 119.25 Td (In ) Tj ET Q q 0 0 0 rg BT 442.33 119.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 479.67 119.25 Td (our ) Tj ET Q q 0 0 0 rg BT 495.07 119.25 Td (two ) Tj ET Q q 0 0 0 rg BT 512.13 119.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 545.85 119.25 Td (data ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 107.25 Td (centers, ) Tj ET Q q 0 0 0 rg BT 82.79 107.25 Td (located ) Tj ET Q q 0 0 0 rg BT 114.14 107.25 Td (in ) Tj ET Q q 0 0 0 rg BT 124.40 107.25 Td (Santa ) Tj ET Q q 0 0 0 rg BT 149.09 107.25 Td (Clara, ) Tj ET Q q 0 0 0 rg BT 175.73 107.25 Td (California ) Tj ET Q q 0 0 0 rg BT 218.75 107.25 Td (and ) Tj ET Q q 0 0 0 rg BT 235.66 107.25 Td (Chicago, ) Tj ET Q q 0 0 0 rg BT 273.97 107.25 Td (Illinois, ) Tj ET Q q 0 0 0 rg BT 307.28 107.25 Td (are ) Tj ET Q q 0 0 0 rg BT 321.97 107.25 Td (hosted ) Tj ET Q q 0 0 0 rg BT 350.55 107.25 Td (by ) Tj ET Q q 0 0 0 rg BT 363.03 107.25 Td (a ) Tj ET Q q 0 0 0 rg BT 369.95 107.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 415.19 107.25 Td (service ) Tj ET Q q 0 0 0 rg BT 445.98 107.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 482.34 107.25 Td (over ) Tj ET Q q 0 0 0 rg BT 502.58 107.25 Td (which ) Tj ET Q q 0 0 0 rg BT 529.50 107.25 Td (we ) Tj ET Q q 0 0 0 rg BT 543.64 107.25 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 95.25 Td (little ) Tj ET Q q 0 0 0 rg BT 71.17 95.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 105.08 95.25 Td (W) Tj ET Q q 0 0 0 rg BT 113.72 95.25 Td (e ) Tj ET Q q 0 0 0 rg BT 121.50 95.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 153.71 95.25 Td (on ) Tj ET Q q 0 0 0 rg BT 167.04 95.25 Td (this ) Tj ET Q q 0 0 0 rg BT 184.83 95.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 230.92 95.25 Td (service ) Tj ET Q q 0 0 0 rg BT 262.57 95.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 299.79 95.25 Td (to ) Tj ET Q q 0 0 0 rg BT 310.90 95.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 344.78 95.25 Td (continuous ) Tj ET Q q 0 0 0 rg BT 392.00 95.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.78 95.25 Td (uninterrupted ) Tj ET Q q 0 0 0 rg BT 466.98 95.25 Td (access ) Tj ET Q q 0 0 0 rg BT 495.86 95.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.97 95.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.52 95.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 544.74 95.25 Td (Mae ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 83.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.49 83.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.10 83.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.15 83.25 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 126.76 83.25 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 177.42 83.25 Td (If ) Tj ET Q q 0 0 0 rg BT 186.69 83.25 Td (for ) Tj ET Q q 0 0 0 rg BT 200.96 83.25 Td (any ) Tj ET Q q 0 0 0 rg BT 218.00 83.25 Td (reason ) Tj ET Q q 0 0 0 rg BT 246.71 83.25 Td (our ) Tj ET Q q 0 0 0 rg BT 262.65 83.25 Td (relationship ) Tj ET Q q 0 0 0 rg BT 312.47 83.25 Td (with ) Tj ET Q q 0 0 0 rg BT 332.86 83.25 Td (this ) Tj ET Q q 0 0 0 rg BT 349.92 83.25 Td (third ) Tj ET Q q 0 0 0 rg BT 371.42 83.25 Td (party ) Tj ET Q q 0 0 0 rg BT 394.57 83.25 Td (were ) Tj ET Q q 0 0 0 rg BT 416.61 83.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.00 83.25 Td (end, ) Tj ET Q q 0 0 0 rg BT 446.55 83.25 Td (it ) Tj ET Q q 0 0 0 rg BT 454.71 83.25 Td (would ) Tj ET Q q 0 0 0 rg BT 482.32 83.25 Td (require ) Tj ET Q q 0 0 0 rg BT 513.25 83.25 Td (a ) Tj ET Q q 0 0 0 rg BT 520.30 83.25 Td (significant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 71.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 81.82 71.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.48 71.25 Td (time ) Tj ET Q q 0 0 0 rg BT 112.58 71.25 Td (to ) Tj ET Q q 0 0 0 rg BT 122.69 71.25 Td (transition ) Tj ET Q q 0 0 0 rg BT 162.79 71.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.34 71.25 Td (hosting ) Tj ET Q q 0 0 0 rg BT 209.11 71.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.77 71.25 Td (our ) Tj ET Q q 0 0 0 rg BT 235.43 71.25 Td (data ) Tj ET Q q 0 0 0 rg BT 254.41 71.25 Td (centers ) Tj ET Q q 0 0 0 rg BT 285.06 71.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.16 71.25 Td (a ) Tj ET Q q 0 0 0 rg BT 301.93 71.25 Td (new ) Tj ET Q q 0 0 0 rg BT 320.92 71.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 366.01 71.25 Td (service ) Tj ET Q q 0 0 0 rg BT 396.65 71.25 Td (provider) Tj ET Q q 0 0 0 rg BT 429.98 71.25 Td (. ) Tj ET Q q 0 0 0 rg BT 434.81 71.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 459.35 71.25 Td (we ) Tj ET Q q 0 0 0 rg BT 473.34 71.25 Td (are ) Tj ET Q q 0 0 0 rg BT 487.87 71.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 531.30 71.25 Td (on ) Tj ET Q q 0 0 0 rg BT 543.62 71.25 Td (third ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 59.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 79.68 59.25 Td (for ) Tj ET Q q 0 0 0 rg BT 94.87 59.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.62 59.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 176.91 59.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.88 59.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 248.94 59.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.80 59.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 291.53 59.25 Td (aspects ) Tj ET Q q 0 0 0 rg BT 323.93 59.25 Td (of ) Tj ET Q q 0 0 0 rg BT 335.79 59.25 Td (our ) Tj ET Q q 0 0 0 rg BT 352.65 59.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 387.85 59.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.82 59.25 Td (because ) Tj ET Q q 0 0 0 rg BT 441.00 59.25 Td (some ) Tj ET Q q 0 0 0 rg BT 465.63 59.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.49 59.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.24 59.25 Td (causes ) Tj ET Q q 0 0 0 rg BT 522.87 59.25 Td (of ) Tj ET Q q 0 0 0 rg BT 534.73 59.25 Td (system ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 47.25 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 103.10 47.25 Td (may ) Tj ET Q q 0 0 0 rg BT 122.82 47.25 Td (be ) Tj ET Q q 0 0 0 rg BT 134.76 47.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 166.15 47.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.98 47.25 Td (our ) Tj ET Q q 0 0 0 rg BT 192.81 47.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 226.13 47.25 Td (we ) Tj ET Q q 0 0 0 rg BT 240.29 47.25 Td (may ) Tj ET Q q 0 0 0 rg BT 260.01 47.25 Td (not ) Tj ET Q q 0 0 0 rg BT 275.29 47.25 Td (be ) Tj ET Q q 0 0 0 rg BT 287.22 47.25 Td (able ) Tj ET Q q 0 0 0 rg BT 306.38 47.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.66 47.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 349.14 47.25 Td (such ) Tj ET Q q 0 0 0 rg BT 369.97 47.25 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 423.58 47.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.86 47.25 Td (a ) Tj ET Q q 0 0 0 rg BT 440.79 47.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 468.85 47.25 Td (manner) Tj ET Q q 0 0 0 rg BT 498.43 47.25 Td (, ) Tj ET Q q 0 0 0 rg BT 503.43 47.25 Td (if ) Tj ET Q q 0 0 0 rg BT 512.04 47.25 Td (at ) Tj ET Q q 0 0 0 rg BT 521.76 47.25 Td (all.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (15) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.44 740.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 100.48 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.52 740.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 143.10 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.14 740.25 Td (confidential ) Tj ET Q q 0 0 0 rg BT 211.85 740.25 Td (information ) Tj ET Q q 0 0 0 rg BT 264.57 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.16 740.25 Td (our ) Tj ET Q q 0 0 0 rg BT 293.88 740.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 344.37 740.25 Td (users, ) Tj ET Q q 0 0 0 rg BT 371.80 740.25 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 389.52 740.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 412.22 740.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 433.82 740.25 Td (Network) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 468.82 740.25 Td ( ) Tj ET Q q 0 0 0 rg BT 472.08 740.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 524.24 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 543.06 740.25 Td (their ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.53 728.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 136.70 728.25 Td (could ) Tj ET Q q 0 0 0 rg BT 161.98 728.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 196.70 728.25 Td (our ) Tj ET Q q 0 0 0 rg BT 213.65 728.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 258.94 728.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.00 728.25 Td (brand ) Tj ET Q q 0 0 0 rg BT 303.95 728.25 Td (and ) Tj ET Q q 0 0 0 rg BT 322.01 728.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 376.75 728.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 401.48 728.25 Td (our ) Tj ET Q q 0 0 0 rg BT 418.44 728.25 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 707.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 105.71 707.25 Td (confidential ) Tj ET Q q 0 0 0 rg BT 156.25 707.25 Td (information ) Tj ET Q q 0 0 0 rg BT 206.24 707.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 239.56 707.25 Td (to ) Tj ET Q q 0 0 0 rg BT 250.11 707.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 280.09 707.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.20 707.25 Td (our ) Tj ET Q q 0 0 0 rg BT 307.31 707.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 355.63 707.25 Td (users, ) Tj ET Q q 0 0 0 rg BT 381.46 707.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.57 707.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 419.23 707.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 439.77 707.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.76 707.25 Td ( ) Tj ET Q q 0 0 0 rg BT 477.54 707.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 526.97 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.18 707.25 Td (their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 695.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 91.55 695.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 133.61 695.25 Td (resides ) Tj ET Q q 0 0 0 rg BT 162.90 695.25 Td (on ) Tj ET Q q 0 0 0 rg BT 174.41 695.25 Td (our ) Tj ET Q q 0 0 0 rg BT 189.26 695.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 233.54 695.25 Td (hosted ) Tj ET Q q 0 0 0 rg BT 261.16 695.25 Td (data ) Tj ET Q q 0 0 0 rg BT 279.33 695.25 Td (center ) Tj ET Q q 0 0 0 rg BT 305.27 695.25 Td (servers ) Tj ET Q q 0 0 0 rg BT 335.11 695.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.06 695.25 Td (is ) Tj ET Q q 0 0 0 rg BT 359.25 695.25 Td (transmitted ) Tj ET Q q 0 0 0 rg BT 405.76 695.25 Td (over ) Tj ET Q q 0 0 0 rg BT 425.04 695.25 Td (our ) Tj ET Q q 0 0 0 rg BT 439.89 695.25 Td (network. ) Tj ET Q q 0 0 0 rg BT 476.56 695.25 Td (W) Tj ET Q q 0 0 0 rg BT 485.20 695.25 Td (e ) Tj ET Q q 0 0 0 rg BT 491.16 695.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 508.22 695.25 Td (on ) Tj ET Q q 0 0 0 rg BT 519.73 695.25 Td (encryption ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.49 683.25 Td (authentication ) Tj ET Q q 0 0 0 rg BT 127.69 683.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 175.67 683.25 Td (licensed ) Tj ET Q q 0 0 0 rg BT 211.99 683.25 Td (from ) Tj ET Q q 0 0 0 rg BT 234.98 683.25 Td (third ) Tj ET Q q 0 0 0 rg BT 257.42 683.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 287.63 683.25 Td (to ) Tj ET Q q 0 0 0 rg BT 298.96 683.25 Td (ef) Tj ET Q q 0 0 0 rg BT 306.55 683.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 325.08 683.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 354.17 683.25 Td (transmission ) Tj ET Q q 0 0 0 rg BT 408.28 683.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.16 683.25 Td (confidential ) Tj ET Q q 0 0 0 rg BT 471.48 683.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 524.74 683.25 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (personal ) Tj ET Q q 0 0 0 rg BT 85.29 671.25 Td (information ) Tj ET Q q 0 0 0 rg BT 134.42 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.77 671.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 175.45 671.25 Td (card ) Tj ET Q q 0 0 0 rg BT 194.57 671.25 Td (numbers. ) Tj ET Q q 0 0 0 rg BT 233.28 671.25 Td (These ) Tj ET Q q 0 0 0 rg BT 259.07 671.25 Td (security ) Tj ET Q q 0 0 0 rg BT 292.64 671.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 331.76 671.25 Td (may ) Tj ET Q q 0 0 0 rg BT 350.90 671.25 Td (be ) Tj ET Q q 0 0 0 rg BT 362.25 671.25 Td (breached ) Tj ET Q q 0 0 0 rg BT 400.25 671.25 Td (as ) Tj ET Q q 0 0 0 rg BT 410.49 671.25 Td (a ) Tj ET Q q 0 0 0 rg BT 416.84 671.25 Td (result ) Tj ET Q q 0 0 0 rg BT 440.97 671.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.22 671.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 495.90 671.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 524.74 671.25 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (intentional ) Tj ET Q q 0 0 0 rg BT 93.73 659.25 Td (misconduct ) Tj ET Q q 0 0 0 rg BT 141.30 659.25 Td (by ) Tj ET Q q 0 0 0 rg BT 152.77 659.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 192.00 659.25 Td (hackers, ) Tj ET Q q 0 0 0 rg BT 226.50 659.25 Td (service ) Tj ET Q q 0 0 0 rg BT 256.28 659.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 291.62 659.25 Td (error) Tj ET Q q 0 0 0 rg BT 310.65 659.25 Td (, ) Tj ET Q q 0 0 0 rg BT 314.61 659.25 Td (malfeasance ) Tj ET Q q 0 0 0 rg BT 365.49 659.25 Td (or ) Tj ET Q q 0 0 0 rg BT 375.28 659.25 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 418.02 659.25 Td (These ) Tj ET Q q 0 0 0 rg BT 443.36 659.25 Td (servers ) Tj ET Q q 0 0 0 rg BT 473.14 659.25 Td (may ) Tj ET Q q 0 0 0 rg BT 491.83 659.25 Td (also ) Tj ET Q q 0 0 0 rg BT 509.40 659.25 Td (be ) Tj ET Q q 0 0 0 rg BT 520.30 659.25 Td (vulnerable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 647.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.07 647.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 98.63 647.25 Td (viruses, ) Tj ET Q q 0 0 0 rg BT 131.25 647.25 Td (break-ins ) Tj ET Q q 0 0 0 rg BT 170.25 647.25 Td (and ) Tj ET Q q 0 0 0 rg BT 186.48 647.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 216.04 647.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 262.28 647.25 Td (from ) Tj ET Q q 0 0 0 rg BT 283.51 647.25 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 337.51 647.25 Td (tampering ) Tj ET Q q 0 0 0 rg BT 379.84 647.25 Td (with ) Tj ET Q q 0 0 0 rg BT 399.41 647.25 Td (our ) Tj ET Q q 0 0 0 rg BT 414.53 647.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 454.09 647.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 490.05 647.25 Td (which ) Tj ET Q q 0 0 0 rg BT 516.28 647.25 Td (could ) Tj ET Q q 0 0 0 rg BT 540.29 647.25 Td (result ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (in ) Tj ET Q q 0 0 0 rg BT 61.28 635.25 Td (someone ) Tj ET Q q 0 0 0 rg BT 100.83 635.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 142.61 635.25 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 198.81 635.25 Td (access ) Tj ET Q q 0 0 0 rg BT 228.35 635.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.14 635.25 Td (our ) Tj ET Q q 0 0 0 rg BT 257.47 635.25 Td (customers) Tj ET Q q 0 0 0 rg BT 300.60 635.25 Td ( ) Tj ET Q q 0 0 0 rg BT 304.61 635.25 Td (data ) Tj ET Q q 0 0 0 rg BT 325.27 635.25 Td (or ) Tj ET Q q 0 0 0 rg BT 337.60 635.25 Td (our ) Tj ET Q q 0 0 0 rg BT 354.93 635.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 378.09 635.25 Td (including ) Tj ET Q q 0 0 0 rg BT 419.87 635.25 Td (our ) Tj ET Q q 0 0 0 rg BT 437.20 635.25 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 485.63 635.25 Td (property ) Tj ET Q q 0 0 0 rg BT 523.51 635.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.95 635.25 Td (other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (confidential ) Tj ET Q q 0 0 0 rg BT 99.23 623.25 Td (business ) Tj ET Q q 0 0 0 rg BT 135.10 623.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 186.79 623.25 Td (or ) Tj ET Q q 0 0 0 rg BT 197.09 623.25 Td (our ) Tj ET Q q 0 0 0 rg BT 212.40 623.25 Td (IT) Tj ET Q q 0 0 0 rg BT 221.66 623.25 Td ( ) Tj ET Q q 0 0 0 rg BT 223.63 623.25 Td (systems. ) Tj ET Q q 0 0 0 rg BT 259.78 623.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 295.07 623.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.26 623.25 Td (techniques ) Tj ET Q q 0 0 0 rg BT 354.00 623.25 Td (used ) Tj ET Q q 0 0 0 rg BT 374.30 623.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.06 623.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 411.03 623.25 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 465.20 623.25 Td (access ) Tj ET Q q 0 0 0 rg BT 492.72 623.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 504.97 623.25 Td (or ) Tj ET Q q 0 0 0 rg BT 515.27 623.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.03 623.25 Td (sabotage, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 83.64 611.25 Td (change ) Tj ET Q q 0 0 0 rg BT 114.43 611.25 Td (frequently ) Tj ET Q q 0 0 0 rg BT 158.00 611.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.91 611.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 214.59 611.25 Td (are ) Tj ET Q q 0 0 0 rg BT 229.27 611.25 Td (not ) Tj ET Q q 0 0 0 rg BT 244.52 611.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 290.85 611.25 Td (until ) Tj ET Q q 0 0 0 rg BT 311.66 611.25 Td (launched ) Tj ET Q q 0 0 0 rg BT 350.23 611.25 Td (against ) Tj ET Q q 0 0 0 rg BT 381.03 611.25 Td (a ) Tj ET Q q 0 0 0 rg BT 387.94 611.25 Td (tar) Tj ET Q q 0 0 0 rg BT 398.30 611.25 Td (get, ) Tj ET Q q 0 0 0 rg BT 415.49 611.25 Td (we ) Tj ET Q q 0 0 0 rg BT 429.63 611.25 Td (may ) Tj ET Q q 0 0 0 rg BT 449.32 611.25 Td (be ) Tj ET Q q 0 0 0 rg BT 461.23 611.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 490.36 611.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.61 611.25 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 541.95 611.25 Td (these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (techniques ) Tj ET Q q 0 0 0 rg BT 95.13 599.25 Td (or ) Tj ET Q q 0 0 0 rg BT 106.33 599.25 Td (to ) Tj ET Q q 0 0 0 rg BT 116.97 599.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 162.61 599.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 201.00 599.25 Td (preventative ) Tj ET Q q 0 0 0 rg BT 253.29 599.25 Td (measures. ) Tj ET Q q 0 0 0 rg BT 295.66 599.25 Td (The ) Tj ET Q q 0 0 0 rg BT 314.07 599.25 Td (possession ) Tj ET Q q 0 0 0 rg BT 359.72 599.25 Td (and ) Tj ET Q q 0 0 0 rg BT 377.02 599.25 Td (use ) Tj ET Q q 0 0 0 rg BT 393.22 599.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.42 599.25 Td (personal ) Tj ET Q q 0 0 0 rg BT 441.16 599.25 Td (information ) Tj ET Q q 0 0 0 rg BT 491.24 599.25 Td (in ) Tj ET Q q 0 0 0 rg BT 501.88 599.25 Td (conducting ) Tj ET Q q 0 0 0 rg BT 549.18 599.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 587.25 Td (business ) Tj ET Q q 0 0 0 rg BT 86.14 587.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 117.22 587.25 Td (us ) Tj ET Q q 0 0 0 rg BT 128.87 587.25 Td (to ) Tj ET Q q 0 0 0 rg BT 139.40 587.25 Td (legislative ) Tj ET Q q 0 0 0 rg BT 183.25 587.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.44 587.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 244.29 587.25 Td (burdens ) Tj ET Q q 0 0 0 rg BT 278.70 587.25 Td (that ) Tj ET Q q 0 0 0 rg BT 296.45 587.25 Td (may ) Tj ET Q q 0 0 0 rg BT 316.42 587.25 Td (require ) Tj ET Q q 0 0 0 rg BT 347.49 587.25 Td (notification ) Tj ET Q q 0 0 0 rg BT 396.34 587.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.87 587.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 450.17 587.25 Td (of ) Tj ET Q q 0 0 0 rg BT 461.25 587.25 Td (a ) Tj ET Q q 0 0 0 rg BT 468.44 587.25 Td (security ) Tj ET Q q 0 0 0 rg BT 502.85 587.25 Td (breach, ) Tj ET Q q 0 0 0 rg BT 534.75 587.25 Td (restrict ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 575.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 575.25 Td (use ) Tj ET Q q 0 0 0 rg BT 81.16 575.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.99 575.25 Td (personal ) Tj ET Q q 0 0 0 rg BT 128.37 575.25 Td (information ) Tj ET Q q 0 0 0 rg BT 178.08 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.02 575.25 Td (hinder ) Tj ET Q q 0 0 0 rg BT 223.06 575.25 Td (our ) Tj ET Q q 0 0 0 rg BT 238.89 575.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 266.95 575.25 Td (to ) Tj ET Q q 0 0 0 rg BT 277.22 575.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 309.15 575.25 Td (new ) Tj ET Q q 0 0 0 rg BT 328.31 575.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 371.36 575.25 Td (or ) Tj ET Q q 0 0 0 rg BT 382.19 575.25 Td (market ) Tj ET Q q 0 0 0 rg BT 412.45 575.25 Td (to ) Tj ET Q q 0 0 0 rg BT 422.73 575.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 456.89 575.25 Td (customers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 554.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 554.25 Td (e ) Tj ET Q q 0 0 0 rg BT 88.84 554.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 117.77 554.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 158.90 554.25 Td (that ) Tj ET Q q 0 0 0 rg BT 176.16 554.25 Td (our ) Tj ET Q q 0 0 0 rg BT 191.75 554.25 Td (security ) Tj ET Q q 0 0 0 rg BT 225.68 554.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 265.15 554.25 Td (will ) Tj ET Q q 0 0 0 rg BT 282.97 554.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 315.23 554.25 Td (security ) Tj ET Q q 0 0 0 rg BT 349.15 554.25 Td (breaches. ) Tj ET Q q 0 0 0 rg BT 388.39 554.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 407.88 554.25 Td (such ) Tj ET Q q 0 0 0 rg BT 428.48 554.25 Td (compromise ) Tj ET Q q 0 0 0 rg BT 480.18 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.78 554.25 Td (our ) Tj ET Q q 0 0 0 rg BT 506.37 554.25 Td (security ) Tj ET Q q 0 0 0 rg BT 540.29 554.25 Td (could ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 542.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 82.56 542.25 Td (our ) Tj ET Q q 0 0 0 rg BT 97.85 542.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 140.36 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.77 542.25 Td (brand ) Tj ET Q q 0 0 0 rg BT 181.50 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.90 542.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 227.64 542.25 Td (us ) Tj ET Q q 0 0 0 rg BT 238.49 542.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.24 542.25 Td (a ) Tj ET Q q 0 0 0 rg BT 254.64 542.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 271.61 542.25 Td (of ) Tj ET Q q 0 0 0 rg BT 281.90 542.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 299.43 542.25 Td (or ) Tj ET Q q 0 0 0 rg BT 309.72 542.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 347.80 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 364.20 542.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 401.16 542.25 Td (liability) Tj ET Q q 0 0 0 rg BT 431.62 542.25 Td (, ) Tj ET Q q 0 0 0 rg BT 436.08 542.25 Td (which ) Tj ET Q q 0 0 0 rg BT 462.49 542.25 Td (would ) Tj ET Q q 0 0 0 rg BT 489.45 542.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 541.97 542.25 Td (harm ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 530.25 Td (our ) Tj ET Q q 0 0 0 rg BT 64.40 530.25 Td (business ) Tj ET Q q 0 0 0 rg BT 99.87 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.88 530.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 155.22 530.25 Td (results. ) Tj ET Q q 0 0 0 rg BT 185.29 530.25 Td (W) Tj ET Q q 0 0 0 rg BT 193.93 530.25 Td (e ) Tj ET Q q 0 0 0 rg BT 199.94 530.25 Td (may ) Tj ET Q q 0 0 0 rg BT 218.73 530.25 Td (need ) Tj ET Q q 0 0 0 rg BT 239.19 530.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.54 530.25 Td (expend ) Tj ET Q q 0 0 0 rg BT 278.99 530.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 322.78 530.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 362.11 530.25 Td (to ) Tj ET Q q 0 0 0 rg BT 371.46 530.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 400.80 530.25 Td (against ) Tj ET Q q 0 0 0 rg BT 430.70 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 446.72 530.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 478.28 530.25 Td (any ) Tj ET Q q 0 0 0 rg BT 494.29 530.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 530.85 530.25 Td (security ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 518.25 Td (breaches ) Tj ET Q q 0 0 0 rg BT 86.98 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.91 518.25 Td (their ) Tj ET Q q 0 0 0 rg BT 124.74 518.25 Td (consequences.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 497.25 Td (e ) Tj ET Q q 0 0 0 rg BT 63.86 497.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 93.98 497.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 138.52 497.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 168.62 497.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 220.97 497.25 Td (renewal ) Tj ET Q q 0 0 0 rg BT 255.52 497.25 Td (or ) Tj ET Q q 0 0 0 rg BT 266.19 497.25 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 301.86 497.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 323.64 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 340.97 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.53 497.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 385.08 497.25 Td (these ) Tj ET Q q 0 0 0 rg BT 407.96 497.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 429.74 497.25 Td (may ) Tj ET Q q 0 0 0 rg BT 448.73 497.25 Td (have ) Tj ET Q q 0 0 0 rg BT 469.95 497.25 Td (on ) Tj ET Q q 0 0 0 rg BT 482.29 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 498.52 497.25 Td (future ) Tj ET Q q 0 0 0 rg BT 525.85 497.25 Td (revenues ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.56 485.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 109.51 485.25 Td (results.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 464.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.10 464.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 133.70 464.25 Td (have ) Tj ET Q q 0 0 0 rg BT 154.63 464.25 Td (no ) Tj ET Q q 0 0 0 rg BT 166.68 464.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 209.28 464.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.11 464.25 Td (renew ) Tj ET Q q 0 0 0 rg BT 245.59 464.25 Td (their ) Tj ET Q q 0 0 0 rg BT 265.97 464.25 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 320.79 464.25 Td (for ) Tj ET Q q 0 0 0 rg BT 334.51 464.25 Td (our ) Tj ET Q q 0 0 0 rg BT 349.89 464.25 Td (service ) Tj ET Q q 0 0 0 rg BT 380.25 464.25 Td (after ) Tj ET Q q 0 0 0 rg BT 400.62 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.89 464.25 Td (expiration ) Tj ET Q q 0 0 0 rg BT 457.48 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.86 464.25 Td (their ) Tj ET Q q 0 0 0 rg BT 488.24 464.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 513.62 464.25 Td (subscription ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 452.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 79.79 452.25 Td (which ) Tj ET Q q 0 0 0 rg BT 106.48 452.25 Td (ranges ) Tj ET Q q 0 0 0 rg BT 134.82 452.25 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.51 452.25 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.95 452.25 Td ( ) Tj ET Q q 0 0 0 rg BT 173.19 452.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.22 452.25 Td (five ) Tj ET Q q 0 0 0 rg BT 201.01 452.25 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.11 452.25 Td (. ) Tj ET Q q 0 0 0 rg BT 226.69 452.25 Td (They ) Tj ET Q q 0 0 0 rg BT 249.48 452.25 Td (may ) Tj ET Q q 0 0 0 rg BT 268.95 452.25 Td (also ) Tj ET Q q 0 0 0 rg BT 287.30 452.25 Td (choose ) Tj ET Q q 0 0 0 rg BT 317.32 452.25 Td (to ) Tj ET Q q 0 0 0 rg BT 327.34 452.25 Td (renew ) Tj ET Q q 0 0 0 rg BT 354.02 452.25 Td (their ) Tj ET Q q 0 0 0 rg BT 374.59 452.25 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 429.61 452.25 Td (at ) Tj ET Q q 0 0 0 rg BT 439.07 452.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 464.09 452.25 Td (levels. ) Tj ET Q q 0 0 0 rg BT 492.16 452.25 Td (In ) Tj ET Q q 0 0 0 rg BT 502.74 452.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 540.26 452.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 452.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 440.25 Td (first ) Tj ET Q q 0 0 0 rg BT 68.35 440.25 Td (year ) Tj ET Q q 0 0 0 rg BT 88.31 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.39 440.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.57 440.25 Td (subscription, ) Tj ET Q q 0 0 0 rg BT 160.70 440.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 204.00 440.25 Td (often ) Tj ET Q q 0 0 0 rg BT 227.29 440.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 265.57 440.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.76 440.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 301.05 440.25 Td (level ) Tj ET Q q 0 0 0 rg BT 323.23 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.31 440.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 385.93 440.25 Td (services ) Tj ET Q q 0 0 0 rg BT 420.89 440.25 Td (than ) Tj ET Q q 0 0 0 rg BT 440.85 440.25 Td (they ) Tj ET Q q 0 0 0 rg BT 460.81 440.25 Td (do ) Tj ET Q q 0 0 0 rg BT 473.56 440.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.08 440.25 Td (renewal ) Tj ET Q q 0 0 0 rg BT 518.48 440.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 544.22 440.25 Td (As ) Tj ET Q q 0 0 0 rg BT 558.08 440.25 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 77.68 428.25 Td (our ) Tj ET Q q 0 0 0 rg BT 94.47 428.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 123.48 428.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.72 428.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 158.73 428.25 Td (is ) Tj ET Q q 0 0 0 rg BT 168.86 428.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 213.42 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 224.66 428.25 Td (part ) Tj ET Q q 0 0 0 rg BT 243.67 428.25 Td (on ) Tj ET Q q 0 0 0 rg BT 257.13 428.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 301.13 428.25 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 348.47 428.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 391.92 428.25 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 448.16 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 466.06 428.25 Td (services ) Tj ET Q q 0 0 0 rg BT 501.73 428.25 Td (after ) Tj ET Q q 0 0 0 rg BT 523.51 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.18 428.25 Td (initial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 102.05 416.25 Td (term. ) Tj ET Q q 0 0 0 rg BT 126.28 416.25 Td (W) Tj ET Q q 0 0 0 rg BT 134.92 416.25 Td (e ) Tj ET Q q 0 0 0 rg BT 143.02 416.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 173.34 416.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 218.09 416.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 249.52 416.25 Td (renewal ) Tj ET Q q 0 0 0 rg BT 284.83 416.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 307.37 416.25 Td (given ) Tj ET Q q 0 0 0 rg BT 333.25 416.25 Td (our ) Tj ET Q q 0 0 0 rg BT 350.25 416.25 Td (varied ) Tj ET Q q 0 0 0 rg BT 378.90 416.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 419.22 416.25 Td (base ) Tj ET Q q 0 0 0 rg BT 440.66 416.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.76 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.65 416.25 Td (number ) Tj ET Q q 0 0 0 rg BT 508.86 416.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.85 416.25 Td (multi-year ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (subscription ) Tj ET Q q 0 0 0 rg BT 100.09 404.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 140.39 404.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 157.65 404.25 Td (customers) Tj ET Q q 0 0 0 rg BT 200.78 404.25 Td ( ) Tj ET Q q 0 0 0 rg BT 202.49 404.25 Td (renewal ) Tj ET Q q 0 0 0 rg BT 235.84 404.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 256.42 404.25 Td (may ) Tj ET Q q 0 0 0 rg BT 275.35 404.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 305.92 404.25 Td (or ) Tj ET Q q 0 0 0 rg BT 315.96 404.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 352.64 404.25 Td (because ) Tj ET Q q 0 0 0 rg BT 386.00 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 396.03 404.25 Td (several ) Tj ET Q q 0 0 0 rg BT 426.05 404.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 457.46 404.25 Td (including ) Tj ET Q q 0 0 0 rg BT 496.94 404.25 Td (their ) Tj ET Q q 0 0 0 rg BT 516.97 404.25 Td (satisfaction ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.61 392.25 Td (dissatisfaction ) Tj ET Q q 0 0 0 rg BT 120.60 392.25 Td (with ) Tj ET Q q 0 0 0 rg BT 141.16 392.25 Td (our ) Tj ET Q q 0 0 0 rg BT 157.26 392.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 194.75 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.74 392.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 236.40 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.51 392.25 Td (our ) Tj ET Q q 0 0 0 rg BT 263.62 392.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 301.10 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.10 392.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 342.75 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.86 392.25 Td (services ) Tj ET Q q 0 0 0 rg BT 388.85 392.25 Td (of) Tj ET Q q 0 0 0 rg BT 397.00 392.25 Td (fered ) Tj ET Q q 0 0 0 rg BT 420.31 392.25 Td (by ) Tj ET Q q 0 0 0 rg BT 433.09 392.25 Td (our ) Tj ET Q q 0 0 0 rg BT 449.20 392.25 Td (competitors ) Tj ET Q q 0 0 0 rg BT 499.19 392.25 Td (or ) Tj ET Q q 0 0 0 rg BT 510.30 392.25 Td (reductions ) Tj ET Q q 0 0 0 rg BT 554.73 392.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.36 380.25 Td (customers) Tj ET Q q 0 0 0 rg BT 109.50 380.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.03 380.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 152.68 380.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 179.54 380.25 Td (due ) Tj ET Q q 0 0 0 rg BT 197.51 380.25 Td (to ) Tj ET Q q 0 0 0 rg BT 208.82 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.57 380.25 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 291.96 380.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 346.04 380.25 Td (or ) Tj ET Q q 0 0 0 rg BT 357.90 380.25 Td (other ) Tj ET Q q 0 0 0 rg BT 381.98 380.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 415.23 380.25 Td (If ) Tj ET Q q 0 0 0 rg BT 425.42 380.25 Td (our ) Tj ET Q q 0 0 0 rg BT 442.28 380.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 486.37 380.25 Td (do ) Tj ET Q q 0 0 0 rg BT 499.90 380.25 Td (not ) Tj ET Q q 0 0 0 rg BT 516.21 380.25 Td (renew ) Tj ET Q q 0 0 0 rg BT 544.17 380.25 Td (their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 104.49 368.25 Td (for ) Tj ET Q q 0 0 0 rg BT 118.36 368.25 Td (our ) Tj ET Q q 0 0 0 rg BT 133.90 368.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 170.82 368.25 Td (renew ) Tj ET Q q 0 0 0 rg BT 197.46 368.25 Td (on ) Tj ET Q q 0 0 0 rg BT 209.68 368.25 Td (less ) Tj ET Q q 0 0 0 rg BT 226.89 368.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 266.85 368.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 291.28 368.25 Td (or ) Tj ET Q q 0 0 0 rg BT 301.82 368.25 Td (do ) Tj ET Q q 0 0 0 rg BT 314.04 368.25 Td (not ) Tj ET Q q 0 0 0 rg BT 329.03 368.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 366.78 368.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 408.98 368.25 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 463.97 368.25 Td (or ) Tj ET Q q 0 0 0 rg BT 474.51 368.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 511.43 368.25 Td (our ) Tj ET Q q 0 0 0 rg BT 526.97 368.25 Td (revenues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.22 356.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 92.27 356.25 Td (more ) Tj ET Q q 0 0 0 rg BT 115.32 356.25 Td (slowly ) Tj ET Q q 0 0 0 rg BT 144.49 356.25 Td (than ) Tj ET Q q 0 0 0 rg BT 164.20 356.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 202.23 356.25 Td (or ) Tj ET Q q 0 0 0 rg BT 213.06 356.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 244.44 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.38 356.25 Td (our ) Tj ET Q q 0 0 0 rg BT 277.21 356.25 Td (profitability ) Tj ET Q q 0 0 0 rg BT 327.47 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.41 356.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 368.03 356.25 Td (mar) Tj ET Q q 0 0 0 rg BT 383.39 356.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 398.67 356.25 Td (may ) Tj ET Q q 0 0 0 rg BT 418.39 356.25 Td (be ) Tj ET Q q 0 0 0 rg BT 430.33 356.25 Td (harmed.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 335.25 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 92.13 335.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 125.89 335.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 158.52 335.25 Td (was ) Tj ET Q q 0 0 0 rg BT 176.71 335.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 202.12 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 213.10 335.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 235.73 335.25 Td (than ) Tj ET Q q 0 0 0 rg BT 257.27 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 268.24 335.25 Td (2012) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 288.24 335.25 Td (, ) Tj ET Q q 0 0 0 rg BT 293.38 335.25 Td (and ) Tj ET Q q 0 0 0 rg BT 311.57 335.25 Td (it ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 319.76 335.25 Td (is ) Tj ET Q q 0 0 0 rg BT 329.07 335.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 367.23 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.65 335.25 Td (be ) Tj ET Q q 0 0 0 rg BT 389.72 335.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 415.13 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 426.11 335.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 448.74 335.25 Td (than ) Tj ET Q q 0 0 0 rg BT 470.28 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 481.25 335.25 Td (2013) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 501.25 335.25 Td ( ) Tj ET Q q 0 0 0 rg BT 503.88 335.25 Td (due ) Tj ET Q q 0 0 0 rg BT 521.52 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.93 335.25 Td (various ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 323.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 80.33 323.25 Td (which ) Tj ET Q q 0 0 0 rg BT 107.84 323.25 Td (could ) Tj ET Q q 0 0 0 rg BT 133.12 323.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 173.93 323.25 Td (af) Tj ET Q q 0 0 0 rg BT 182.08 323.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 199.57 323.25 Td (our ) Tj ET Q q 0 0 0 rg BT 216.52 323.25 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 302.25 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 114.75 302.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 147.13 302.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 179.50 302.25 Td (was ) Tj ET Q q 0 0 0 rg BT 197.43 302.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 222.57 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 232.73 302.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 255.10 302.25 Td (than ) Tj ET Q q 0 0 0 rg BT 274.70 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 284.85 302.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.85 302.25 Td (, ) Tj ET Q q 0 0 0 rg BT 309.73 302.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.55 302.25 Td (it ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.48 302.25 Td (is ) Tj ET Q q 0 0 0 rg BT 343.53 302.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 381.44 302.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.59 302.25 Td (be ) Tj ET Q q 0 0 0 rg BT 403.41 302.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 428.55 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 438.71 302.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 461.08 302.25 Td (than ) Tj ET Q q 0 0 0 rg BT 480.68 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 490.83 302.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.83 302.25 Td (. ) Tj ET Q q 0 0 0 rg BT 515.71 302.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 547.53 302.25 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 290.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.52 290.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 120.44 290.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 160.91 290.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 193.62 290.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 230.21 290.25 Td (include ) Tj ET Q q 0 0 0 rg BT 262.35 290.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 306.15 290.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 346.62 290.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 378.77 290.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 402.85 290.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 437.20 290.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 478.79 290.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.93 290.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 530.86 290.25 Td (demand ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 278.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.83 278.25 Td (mortgages, ) Tj ET Q q 0 0 0 rg BT 112.66 278.25 Td (more ) Tj ET Q q 0 0 0 rg BT 136.88 278.25 Td (stringent ) Tj ET Q q 0 0 0 rg BT 175.55 278.25 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 230.88 278.25 Td (guidelines, ) Tj ET Q q 0 0 0 rg BT 278.16 278.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 321.24 278.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 358.81 278.25 Td (in ) Tj ET Q q 0 0 0 rg BT 370.26 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.15 278.25 Td (secondary ) Tj ET Q q 0 0 0 rg BT 430.36 278.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 471.80 278.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 505.73 278.25 Td (high ) Tj ET Q q 0 0 0 rg BT 527.19 278.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 554.19 278.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 266.25 Td (unemployment, ) Tj ET Q q 0 0 0 rg BT 113.75 266.25 Td (high ) Tj ET Q q 0 0 0 rg BT 133.28 266.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 158.36 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.45 266.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 209.08 266.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 230.55 266.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 255.07 266.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 295.71 266.25 Td (confidence, ) Tj ET Q q 0 0 0 rg BT 343.82 266.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 377.79 266.25 Td (in ) Tj ET Q q 0 0 0 rg BT 387.32 266.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 401.29 266.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.49 266.25 Td (other ) Tj ET Q q 0 0 0 rg BT 439.79 266.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 482.64 266.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 518.00 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.97 266.25 Td (number ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 254.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 94.50 254.25 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 138.65 254.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 171.14 254.25 Td (for ) Tj ET Q q 0 0 0 rg BT 185.30 254.25 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 233.33 254.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.27 254.25 Td (other ) Tj ET Q q 0 0 0 rg BT 273.32 254.25 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 339.68 254.25 Td (factors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 233.25 Td (In ) Tj ET Q q 0 0 0 rg BT 83.64 233.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 120.72 233.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 160.29 233.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 191.53 233.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 212.21 233.25 Td (were ) Tj ET Q q 0 0 0 rg BT 233.45 233.25 Td (at ) Tj ET Q q 0 0 0 rg BT 242.47 233.25 Td (historic ) Tj ET Q q 0 0 0 rg BT 274.27 233.25 Td (lows ) Tj ET Q q 0 0 0 rg BT 294.97 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 311.21 233.25 Td (recently ) Tj ET Q q 0 0 0 rg BT 345.22 233.25 Td (have ) Tj ET Q q 0 0 0 rg BT 365.91 233.25 Td (been ) Tj ET Q q 0 0 0 rg BT 386.59 233.25 Td (rising. ) Tj ET Q q 0 0 0 rg BT 413.68 233.25 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 454.36 233.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 485.60 233.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 506.28 233.25 Td (are ) Tj ET Q q 0 0 0 rg BT 520.30 233.25 Td (influenced ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (by ) Tj ET Q q 0 0 0 rg BT 61.55 221.25 Td (a ) Tj ET Q q 0 0 0 rg BT 68.03 221.25 Td (number ) Tj ET Q q 0 0 0 rg BT 100.62 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.00 221.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 142.75 221.25 Td (including ) Tj ET Q q 0 0 0 rg BT 182.57 221.25 Td (monetary ) Tj ET Q q 0 0 0 rg BT 222.38 221.25 Td (policy) Tj ET Q q 0 0 0 rg BT 246.73 221.25 Td (. ) Tj ET Q q 0 0 0 rg BT 251.12 221.25 Td (The ) Tj ET Q q 0 0 0 rg BT 268.72 221.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 300.75 221.25 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 335.00 221.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 358.16 221.25 Td (may ) Tj ET Q q 0 0 0 rg BT 377.42 221.25 Td (raise ) Tj ET Q q 0 0 0 rg BT 398.34 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.60 221.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 442.40 221.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 466.67 221.25 Td (rate, ) Tj ET Q q 0 0 0 rg BT 486.20 221.25 Td (which ) Tj ET Q q 0 0 0 rg BT 512.69 221.25 Td (would ) Tj ET Q q 0 0 0 rg BT 539.73 221.25 Td (likely ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 74.38 209.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 114.83 209.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 146.94 209.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 168.49 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.95 209.25 Td (rise. ) Tj ET Q q 0 0 0 rg BT 198.56 209.25 Td (Increases ) Tj ET Q q 0 0 0 rg BT 238.44 209.25 Td (in ) Tj ET Q q 0 0 0 rg BT 248.89 209.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 289.33 209.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 321.44 209.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 343.00 209.25 Td (could ) Tj ET Q q 0 0 0 rg BT 367.89 209.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 397.21 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.11 209.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 444.78 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.79 209.25 Td (new ) Tj ET Q q 0 0 0 rg BT 475.13 209.25 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 519.46 209.25 Td (originated, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 197.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.06 197.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 99.14 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.14 197.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 144.91 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.02 197.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 194.56 197.25 Td (refinancings. ) Tj ET Q q 0 0 0 rg BT 247.87 197.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 297.77 197.25 Td (, ) Tj ET Q q 0 0 0 rg BT 302.05 197.25 Td (because ) Tj ET Q q 0 0 0 rg BT 335.47 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.46 197.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 369.57 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.67 197.25 Td (applications ) Tj ET Q q 0 0 0 rg BT 429.77 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 439.33 197.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 466.65 197.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 489.54 197.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 526.31 197.25 Td (is ) Tj ET Q q 0 0 0 rg BT 534.75 197.25 Td (greater ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 185.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.61 185.25 Td (refinancings ) Tj ET Q q 0 0 0 rg BT 121.36 185.25 Td (than ) Tj ET Q q 0 0 0 rg BT 140.90 185.25 Td (with ) Tj ET Q q 0 0 0 rg BT 161.01 185.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 198.88 185.25 Td (loans, ) Tj ET Q q 0 0 0 rg BT 224.81 185.25 Td (a ) Tj ET Q q 0 0 0 rg BT 231.58 185.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 273.34 185.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 310.08 185.25 Td (in ) Tj ET Q q 0 0 0 rg BT 320.19 185.25 Td (refinancings ) Tj ET Q q 0 0 0 rg BT 371.94 185.25 Td (would ) Tj ET Q q 0 0 0 rg BT 399.27 185.25 Td (result ) Tj ET Q q 0 0 0 rg BT 423.81 185.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.92 185.25 Td (fewer ) Tj ET Q q 0 0 0 rg BT 459.01 185.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 499.10 185.25 Td (applications ) Tj ET Q q 0 0 0 rg BT 549.75 185.25 Td (per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 173.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 79.57 173.25 Td (loan. ) Tj ET Q q 0 0 0 rg BT 101.59 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 103.89 173.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 128.41 173.25 Td (we ) Tj ET Q q 0 0 0 rg BT 142.37 173.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 178.54 173.25 Td (some ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.95 173.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 223.13 173.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 243.20 173.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.19 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.50 173.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 318.34 173.25 Td (during ) Tj ET Q q 0 0 0 rg BT 346.75 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 361.27 173.25 Td (application ) Tj ET Q q 0 0 0 rg BT 408.00 173.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 442.79 173.25 Td (regardless ) Tj ET Q q 0 0 0 rg BT 485.63 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.26 173.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 530.77 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.29 173.25 Td (loan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 161.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 161.25 Td (eventually ) Tj ET Q q 0 0 0 rg BT 102.82 161.25 Td (funded, ) Tj ET Q q 0 0 0 rg BT 135.59 161.25 Td (this ) Tj ET Q q 0 0 0 rg BT 152.54 161.25 Td (may ) Tj ET Q q 0 0 0 rg BT 172.25 161.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 209.19 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.47 161.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 263.62 161.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 293.33 161.25 Td (our ) Tj ET Q q 0 0 0 rg BT 309.16 161.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 355.53 161.25 Td (based ) Tj ET Q q 0 0 0 rg BT 380.80 161.25 Td (revenue.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 141.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 141.25 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.63 141.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 126.79 141.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 162.16 141.25 Td (that ) Tj ET Q q 0 0 0 rg BT 179.22 141.25 Td (approximately) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.98 141.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.03 141.25 Td (30%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.36 141.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.42 141.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.26 141.25 Td (40%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.59 141.25 Td ( ) Tj ET Q q 0 0 0 rg BT 289.65 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.04 141.25 Td (our ) Tj ET Q q 0 0 0 rg BT 315.42 141.25 Td (revenues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.02 141.25 Td (has ) Tj ET Q q 0 0 0 rg BT 368.41 141.25 Td (some ) Tj ET Q q 0 0 0 rg BT 391.57 141.25 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 434.75 141.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.58 141.25 Td (volume) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.58 141.25 Td (. ) Tj ET Q q 0 0 0 rg BT 478.99 141.25 Td (The ) Tj ET Q q 0 0 0 rg BT 496.59 141.25 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 539.73 141.25 Td (lower ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 129.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 75.04 129.25 Td (in ) Tj ET Q q 0 0 0 rg BT 85.03 129.25 Td (residential ) Tj ET Q q 0 0 0 rg BT 128.90 129.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 168.88 129.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 188.31 129.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 220.52 129.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.51 129.25 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.51 129.25 Td ( ) Tj ET Q q 0 0 0 rg BT 252.72 129.25 Td (as ) Tj ET Q q 0 0 0 rg BT 263.27 129.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 304.91 129.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.90 129.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.90 129.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.11 129.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 362.65 129.25 Td (will ) Tj ET Q q 0 0 0 rg BT 380.42 129.25 Td (require ) Tj ET Q q 0 0 0 rg BT 410.95 129.25 Td (us ) Tj ET Q q 0 0 0 rg BT 422.06 129.25 Td (to ) Tj ET Q q 0 0 0 rg BT 432.05 129.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 467.02 129.25 Td (our ) Tj ET Q q 0 0 0 rg BT 482.56 129.25 Td (user ) Tj ET Q q 0 0 0 rg BT 501.44 129.25 Td (base ) Tj ET Q q 0 0 0 rg BT 521.42 129.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 549.18 129.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 117.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 86.73 117.25 Td (per ) Tj ET Q q 0 0 0 rg BT 101.20 117.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 120.11 117.25 Td (processed ) Tj ET Q q 0 0 0 rg BT 161.23 117.25 Td (by ) Tj ET Q q 0 0 0 rg BT 172.93 117.25 Td (our ) Tj ET Q q 0 0 0 rg BT 187.96 117.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 230.20 117.25 Td (in ) Tj ET Q q 0 0 0 rg BT 239.67 117.25 Td (order ) Tj ET Q q 0 0 0 rg BT 262.47 117.25 Td (to ) Tj ET Q q 0 0 0 rg BT 271.94 117.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 308.63 117.25 Td (our ) Tj ET Q q 0 0 0 rg BT 323.65 117.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 360.33 117.25 Td (performance. ) Tj ET Q q 0 0 0 rg BT 414.67 117.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 433.59 117.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 475.28 117.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 511.39 117.25 Td (in ) Tj ET Q q 0 0 0 rg BT 520.86 117.25 Td (residential ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 105.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.49 105.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 125.59 105.25 Td (would ) Tj ET Q q 0 0 0 rg BT 152.82 105.25 Td (heighten ) Tj ET Q q 0 0 0 rg BT 189.47 105.25 Td (our ) Tj ET Q q 0 0 0 rg BT 205.02 105.25 Td (need ) Tj ET Q q 0 0 0 rg BT 226.12 105.25 Td (to ) Tj ET Q q 0 0 0 rg BT 236.12 105.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 271.10 105.25 Td (these ) Tj ET Q q 0 0 0 rg BT 293.87 105.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 327.73 105.25 Td (drivers. ) Tj ET Q q 0 0 0 rg BT 360.06 105.25 Td (W) Tj ET Q q 0 0 0 rg BT 368.70 105.25 Td (e ) Tj ET Q q 0 0 0 rg BT 375.36 105.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 404.24 105.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 445.32 105.25 Td (we ) Tj ET Q q 0 0 0 rg BT 459.20 105.25 Td (will ) Tj ET Q q 0 0 0 rg BT 476.98 105.25 Td (be ) Tj ET Q q 0 0 0 rg BT 488.64 105.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 531.96 105.25 Td (in ) Tj ET Q q 0 0 0 rg BT 541.96 105.25 Td (these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 93.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 93.25 Td (forts, ) Tj ET Q q 0 0 0 rg BT 80.42 93.25 Td (which ) Tj ET Q q 0 0 0 rg BT 107.36 93.25 Td (could ) Tj ET Q q 0 0 0 rg BT 132.07 93.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 175.11 93.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 215.93 93.25 Td (af) Tj ET Q q 0 0 0 rg BT 223.51 93.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 241.00 93.25 Td (our ) Tj ET Q q 0 0 0 rg BT 256.83 93.25 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 73.25 Td (A) Tj ET Q q 0 0 0 rg BT 80.17 73.25 Td ( ) Tj ET Q q 0 0 0 rg BT 82.54 73.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 127.12 73.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 158.36 73.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.50 73.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 208.63 73.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 254.88 73.25 Td (volume, ) Tj ET Q q 0 0 0 rg BT 289.74 73.25 Td (such ) Tj ET Q q 0 0 0 rg BT 310.44 73.25 Td (as ) Tj ET Q q 0 0 0 rg BT 321.14 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.72 73.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 380.30 73.25 Td (drop ) Tj ET Q q 0 0 0 rg BT 401.00 73.25 Td (in ) Tj ET Q q 0 0 0 rg BT 411.14 73.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 451.27 73.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 483.64 73.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 529.87 73.25 Td (in ) Tj ET Q q 0 0 0 rg BT 540.02 73.25 Td (2014, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 61.25 Td (could ) Tj ET Q q 0 0 0 rg BT 73.93 61.25 Td (also ) Tj ET Q q 0 0 0 rg BT 92.25 61.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 136.11 61.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 165.53 61.25 Td (our ) Tj ET Q q 0 0 0 rg BT 181.07 61.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 226.33 61.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 263.54 61.25 Td (in ) Tj ET Q q 0 0 0 rg BT 273.53 61.25 Td (a ) Tj ET Q q 0 0 0 rg BT 280.17 61.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 320.15 61.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.69 61.25 Td (their ) Tj ET Q q 0 0 0 rg BT 351.23 61.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 398.98 61.25 Td (users, ) Tj ET Q q 0 0 0 rg BT 424.25 61.25 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 480.34 61.25 Td (with ) Tj ET Q q 0 0 0 rg BT 500.33 61.25 Td (other ) Tj ET Q q 0 0 0 rg BT 523.09 61.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 554.17 61.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 49.25 Td (cessation ) Tj ET Q q 0 0 0 rg BT 88.66 49.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.49 49.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 146.14 49.25 Td ( ) Tj ET Q q 0 0 0 rg BT 148.64 49.25 Td (If ) Tj ET Q q 0 0 0 rg BT 157.80 49.25 Td (any ) Tj ET Q q 0 0 0 rg BT 174.74 49.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.57 49.25 Td (these ) Tj ET Q q 0 0 0 rg BT 208.62 49.25 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 239.71 49.25 Td (it ) Tj ET Q q 0 0 0 rg BT 247.77 49.25 Td (could ) Tj ET Q q 0 0 0 rg BT 272.49 49.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 315.53 49.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 356.34 49.25 Td (af) Tj ET Q q 0 0 0 rg BT 363.93 49.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 381.41 49.25 Td (our ) Tj ET Q q 0 0 0 rg BT 397.24 49.25 Td (business.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (16) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 740.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.47 740.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 92.94 740.25 Td (a ) Tj ET Q q 0 0 0 rg BT 100.32 740.25 Td (number ) Tj ET Q q 0 0 0 rg BT 134.92 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.63 740.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 176.34 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.50 740.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 212.21 740.25 Td (our ) Tj ET Q q 0 0 0 rg BT 229.04 740.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 270.86 740.25 Td (results ) Tj ET Q q 0 0 0 rg BT 300.47 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 310.63 740.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 349.67 740.25 Td (on ) Tj ET Q q 0 0 0 rg BT 362.61 740.25 Td (a ) Tj ET Q q 0 0 0 rg BT 369.99 740.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 410.14 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.08 740.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 459.92 740.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 485.36 740.25 Td (which ) Tj ET Q q 0 0 0 rg BT 512.75 740.25 Td (may ) Tj ET Q q 0 0 0 rg BT 532.35 740.25 Td (make ) Tj ET Q q 0 0 0 rg BT 556.94 740.25 Td (it ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 728.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 84.59 728.25 Td (to ) Tj ET Q q 0 0 0 rg BT 94.87 728.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 125.70 728.25 Td (our ) Tj ET Q q 0 0 0 rg BT 142.65 728.25 Td (future ) Tj ET Q q 0 0 0 rg BT 170.71 728.25 Td (performance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 707.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.33 707.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 129.15 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.87 707.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 185.91 707.25 Td (results ) Tj ET Q q 0 0 0 rg BT 214.30 707.25 Td (have ) Tj ET Q q 0 0 0 rg BT 235.46 707.25 Td (in ) Tj ET Q q 0 0 0 rg BT 245.52 707.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.01 707.25 Td (past ) Tj ET Q q 0 0 0 rg BT 278.40 707.25 Td (varied ) Tj ET Q q 0 0 0 rg BT 305.67 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 322.39 707.25 Td (could ) Tj ET Q q 0 0 0 rg BT 346.88 707.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.94 707.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.44 707.25 Td (future ) Tj ET Q q 0 0 0 rg BT 397.60 707.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 417.65 707.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 469.92 707.25 Td (from ) Tj ET Q q 0 0 0 rg BT 491.63 707.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 519.75 707.25 Td (-to-quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 695.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.68 695.25 Td (year) Tj ET Q q 0 0 0 rg BT 83.69 695.25 Td (-to-year ) Tj ET Q q 0 0 0 rg BT 118.08 695.25 Td (because ) Tj ET Q q 0 0 0 rg BT 152.47 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.54 695.25 Td (a ) Tj ET Q q 0 0 0 rg BT 170.73 695.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 201.23 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.31 695.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 244.76 695.25 Td (many ) Tj ET Q q 0 0 0 rg BT 269.72 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.79 695.25 Td (which ) Tj ET Q q 0 0 0 rg BT 307.98 695.25 Td (are ) Tj ET Q q 0 0 0 rg BT 322.93 695.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 354.56 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.63 695.25 Td (our ) Tj ET Q q 0 0 0 rg BT 381.71 695.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 414.67 695.25 Td (As ) Tj ET Q q 0 0 0 rg BT 428.53 695.25 Td (a ) Tj ET Q q 0 0 0 rg BT 435.71 695.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 463.17 695.25 Td (comparing ) Tj ET Q q 0 0 0 rg BT 508.68 695.25 Td (our ) Tj ET Q q 0 0 0 rg BT 524.75 695.25 Td (operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (results ) Tj ET Q q 0 0 0 rg BT 78.07 683.25 Td (on ) Tj ET Q q 0 0 0 rg BT 90.54 683.25 Td (a ) Tj ET Q q 0 0 0 rg BT 97.44 683.25 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 165.43 683.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 187.90 683.25 Td (may ) Tj ET Q q 0 0 0 rg BT 207.58 683.25 Td (not ) Tj ET Q q 0 0 0 rg BT 222.82 683.25 Td (be ) Tj ET Q q 0 0 0 rg BT 234.72 683.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 276.61 683.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.41 683.25 Td (future ) Tj ET Q q 0 0 0 rg BT 313.75 683.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 353.97 683.25 Td (results. ) Tj ET Q q 0 0 0 rg BT 385.04 683.25 Td ( ) Tj ET Q q 0 0 0 rg BT 387.51 683.25 Td (In ) Tj ET Q q 0 0 0 rg BT 398.30 683.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 433.54 683.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.78 683.25 Td (other ) Tj ET Q q 0 0 0 rg BT 466.79 683.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 484.25 683.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 513.92 683.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 554.72 683.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (this ) Tj ET Q q 0 0 0 rg BT 66.45 671.25 Td (section, ) Tj ET Q q 0 0 0 rg BT 99.77 671.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 129.48 671.25 Td (that ) Tj ET Q q 0 0 0 rg BT 146.98 671.25 Td (may ) Tj ET Q q 0 0 0 rg BT 166.69 671.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 209.73 671.25 Td (to ) Tj ET Q q 0 0 0 rg BT 220.01 671.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.73 671.25 Td (variability ) Tj ET Q q 0 0 0 rg BT 278.33 671.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.16 671.25 Td (our ) Tj ET Q q 0 0 0 rg BT 304.99 671.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 343.58 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.52 671.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 389.68 671.25 Td (results ) Tj ET Q q 0 0 0 rg BT 418.28 671.25 Td (include:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 654.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 654.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 654.25 Td (number ) Tj ET Q q 0 0 0 rg BT 153.31 654.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.14 654.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 212.19 654.25 Td (users;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 637.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 637.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 152.76 637.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.59 637.25 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 207.75 637.25 Td (originated ) Tj ET Q q 0 0 0 rg BT 250.79 637.25 Td (by ) Tj ET Q q 0 0 0 rg BT 263.29 637.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 311.34 637.25 Td (users, ) Tj ET Q q 0 0 0 rg BT 336.89 637.25 Td (especially ) Tj ET Q q 0 0 0 rg BT 379.37 637.25 Td (users ) Tj ET Q q 0 0 0 rg BT 402.42 637.25 Td (on ) Tj ET Q q 0 0 0 rg BT 414.92 637.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.75 637.25 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 492.68 637.25 Td (Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.57 637.25 Td ( ) Tj ET Q q 0 0 0 rg BT 524.07 637.25 Td (model;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 620.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 620.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 151.92 620.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 184.42 620.25 Td (on ) Tj ET Q q 0 0 0 rg BT 196.92 620.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.63 620.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 233.02 620.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 253.28 620.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.27 620.25 Td (;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 603.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 603.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 155.26 603.25 Td (in ) Tj ET Q q 0 0 0 rg BT 165.54 603.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 205.80 603.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 238.30 603.25 Td (volume;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 586.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 586.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 152.75 586.25 Td (mix ) Tj ET Q q 0 0 0 rg BT 170.80 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.63 586.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 219.67 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.61 586.25 Td (refinance ) Tj ET Q q 0 0 0 rg BT 276.30 586.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 308.80 586.25 Td (handled ) Tj ET Q q 0 0 0 rg BT 342.95 586.25 Td (by ) Tj ET Q q 0 0 0 rg BT 355.45 586.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 403.50 586.25 Td (users;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 569.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 569.25 Td (level ) Tj ET Q q 0 0 0 rg BT 142.20 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 153.03 569.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 187.19 569.25 Td (for ) Tj ET Q q 0 0 0 rg BT 201.35 569.25 Td (our ) Tj ET Q q 0 0 0 rg BT 217.18 569.25 Td (services;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 552.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 552.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 552.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 148.88 552.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.71 552.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.43 552.25 Td (introduction ) Tj ET Q q 0 0 0 rg BT 225.81 552.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.75 552.25 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 289.09 552.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.93 552.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 321.31 552.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 341.58 552.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.57 552.25 Td ( ) Tj ET Q q 0 0 0 rg BT 379.07 552.25 Td (of) Tj ET Q q 0 0 0 rg BT 387.22 552.25 Td (ferings ) Tj ET Q q 0 0 0 rg BT 417.48 552.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.42 552.25 Td (new ) Tj ET Q q 0 0 0 rg BT 453.58 552.25 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 501.07 552.25 Td (services;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 535.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 535.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 128.05 535.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 171.64 535.25 Td (with ) Tj ET Q q 0 0 0 rg BT 191.92 535.25 Td (defending ) Tj ET Q q 0 0 0 rg BT 234.41 535.25 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 281.33 535.25 Td (property ) Tj ET Q q 0 0 0 rg BT 317.71 535.25 Td (infringement ) Tj ET Q q 0 0 0 rg BT 371.86 535.25 Td (and ) Tj ET Q q 0 0 0 rg BT 388.80 535.25 Td (other ) Tj ET Q q 0 0 0 rg BT 411.84 535.25 Td (claims; ) Tj ET Q q 0 0 0 rg BT 443.23 535.25 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 518.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 518.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 140.26 518.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.54 518.25 Td (government ) Tj ET Q q 0 0 0 rg BT 200.80 518.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 243.84 518.25 Td (af) Tj ET Q q 0 0 0 rg BT 251.43 518.25 Td (fecting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.69 518.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 303.07 518.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 323.34 518.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.33 518.25 Td ( ) Tj ET Q q 0 0 0 rg BT 360.83 518.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 409.98 518.25 Td (or ) Tj ET Q q 0 0 0 rg BT 420.81 518.25 Td (our ) Tj ET Q q 0 0 0 rg BT 436.64 518.25 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 497.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 92.41 497.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.44 497.25 Td (these ) Tj ET Q q 0 0 0 rg BT 125.23 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.92 497.25 Td (other ) Tj ET Q q 0 0 0 rg BT 164.71 497.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 196.67 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 212.25 497.25 Td (future ) Tj ET Q q 0 0 0 rg BT 238.37 497.25 Td (results ) Tj ET Q q 0 0 0 rg BT 266.73 497.25 Td (may ) Tj ET Q q 0 0 0 rg BT 286.20 497.25 Td (not ) Tj ET Q q 0 0 0 rg BT 301.22 497.25 Td (reach ) Tj ET Q q 0 0 0 rg BT 325.12 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 340.69 497.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 373.49 497.25 Td (projections. ) Tj ET Q q 0 0 0 rg BT 422.67 497.25 Td (In ) Tj ET Q q 0 0 0 rg BT 433.25 497.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 470.77 497.25 Td (our ) Tj ET Q q 0 0 0 rg BT 486.35 497.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.36 497.25 Td (results ) Tj ET Q q 0 0 0 rg BT 554.72 497.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.81 485.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 107.69 485.25 Td (may ) Tj ET Q q 0 0 0 rg BT 127.34 485.25 Td (not ) Tj ET Q q 0 0 0 rg BT 142.56 485.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 164.43 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.08 485.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 231.50 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.26 485.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 280.81 485.25 Td (or ) Tj ET Q q 0 0 0 rg BT 291.58 485.25 Td (public ) Tj ET Q q 0 0 0 rg BT 319.01 485.25 Td (market ) Tj ET Q q 0 0 0 rg BT 349.21 485.25 Td (analysts ) Tj ET Q q 0 0 0 rg BT 383.86 485.25 Td (who ) Tj ET Q q 0 0 0 rg BT 403.52 485.25 Td (follow ) Tj ET Q q 0 0 0 rg BT 432.06 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 447.83 485.25 Td (company) Tj ET Q q 0 0 0 rg BT 483.84 485.25 Td (, ) Tj ET Q q 0 0 0 rg BT 488.77 485.25 Td (which ) Tj ET Q q 0 0 0 rg BT 515.65 485.25 Td (could ) Tj ET Q q 0 0 0 rg BT 540.30 485.25 Td (cause ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.28 473.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 88.84 473.25 Td (price ) Tj ET Q q 0 0 0 rg BT 111.28 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 121.51 473.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 152.83 473.25 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 183.61 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.50 473.25 Td (significantly) Tj ET Q q 0 0 0 rg BT 249.84 473.25 Td (. ) Tj ET Q q 0 0 0 rg BT 254.61 473.25 Td (The ) Tj ET Q q 0 0 0 rg BT 272.61 473.25 Td (results ) Tj ET Q q 0 0 0 rg BT 301.17 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.95 473.25 Td (any ) Tj ET Q q 0 0 0 rg BT 328.84 473.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 350.73 473.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 389.27 473.25 Td (or ) Tj ET Q q 0 0 0 rg BT 400.06 473.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 429.16 473.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 461.05 473.25 Td (should ) Tj ET Q q 0 0 0 rg BT 490.17 473.25 Td (not ) Tj ET Q q 0 0 0 rg BT 505.40 473.25 Td (be ) Tj ET Q q 0 0 0 rg BT 517.29 473.25 Td (relied ) Tj ET Q q 0 0 0 rg BT 542.51 473.25 Td (upon ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 461.25 Td (indications ) Tj ET Q q 0 0 0 rg BT 106.71 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.54 461.25 Td (our ) Tj ET Q q 0 0 0 rg BT 133.37 461.25 Td (future ) Tj ET Q q 0 0 0 rg BT 159.75 461.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 200.01 461.25 Td (performance.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 435.75 Td (Since ) Tj ET Q q 0 0 0 rg BT 74.34 435.75 Td (part ) Tj ET Q q 0 0 0 rg BT 93.07 435.75 Td (of ) Tj ET Q q 0 0 0 rg BT 103.46 435.75 Td (our ) Tj ET Q q 0 0 0 rg BT 119.97 435.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 142.03 435.75 Td (ef) Tj ET Q q 0 0 0 rg BT 149.62 435.75 Td (forts ) Tj ET Q q 0 0 0 rg BT 170.57 435.75 Td (are ) Tj ET Q q 0 0 0 rg BT 185.96 435.75 Td (targeted ) Tj ET Q q 0 0 0 rg BT 221.34 435.75 Td (at ) Tj ET Q q 0 0 0 rg BT 231.18 435.75 Td (larger ) Tj ET Q q 0 0 0 rg BT 258.24 435.75 Td (customers, ) Tj ET Q q 0 0 0 rg BT 304.47 435.75 Td (our ) Tj ET Q q 0 0 0 rg BT 320.98 435.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 343.04 435.75 Td (cycle ) Tj ET Q q 0 0 0 rg BT 365.63 435.75 Td (may ) Tj ET Q q 0 0 0 rg BT 384.91 435.75 Td (become ) Tj ET Q q 0 0 0 rg BT 418.06 435.75 Td (longer ) Tj ET Q q 0 0 0 rg BT 446.79 435.75 Td (and ) Tj ET Q q 0 0 0 rg BT 464.41 435.75 Td (more ) Tj ET Q q 0 0 0 rg BT 487.58 435.75 Td (expensive, ) Tj ET Q q 0 0 0 rg BT 532.13 435.75 Td (we ) Tj ET Q q 0 0 0 rg BT 545.29 435.75 Td (may ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 423.75 Td (encounter ) Tj ET Q q 0 0 0 rg BT 93.50 423.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 125.28 423.75 Td (pressure ) Tj ET Q q 0 0 0 rg BT 162.61 423.75 Td (and ) Tj ET Q q 0 0 0 rg BT 180.50 423.75 Td (implementation ) Tj ET Q q 0 0 0 rg BT 247.28 423.75 Td (and ) Tj ET Q q 0 0 0 rg BT 265.17 423.75 Td (customization ) Tj ET Q q 0 0 0 rg BT 324.73 423.75 Td (challenges, ) Tj ET Q q 0 0 0 rg BT 373.45 423.75 Td (and ) Tj ET Q q 0 0 0 rg BT 391.34 423.75 Td (we ) Tj ET Q q 0 0 0 rg BT 404.78 423.75 Td (may ) Tj ET Q q 0 0 0 rg BT 424.32 423.75 Td (have ) Tj ET Q q 0 0 0 rg BT 446.09 423.75 Td (to ) Tj ET Q q 0 0 0 rg BT 456.20 423.75 Td (delay ) Tj ET Q q 0 0 0 rg BT 480.18 423.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 515.28 423.75 Td (recognition ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 411.75 Td (for ) Tj ET Q q 0 0 0 rg BT 64.22 411.75 Td (some ) Tj ET Q q 0 0 0 rg BT 87.83 411.75 Td (complex ) Tj ET Q q 0 0 0 rg BT 124.76 411.75 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 180.33 411.75 Td (all ) Tj ET Q q 0 0 0 rg BT 193.39 411.75 Td (of ) Tj ET Q q 0 0 0 rg BT 204.22 411.75 Td (which ) Tj ET Q q 0 0 0 rg BT 231.73 411.75 Td (could ) Tj ET Q q 0 0 0 rg BT 257.01 411.75 Td (harm ) Tj ET Q q 0 0 0 rg BT 281.74 411.75 Td (our ) Tj ET Q q 0 0 0 rg BT 298.69 411.75 Td (business ) Tj ET Q q 0 0 0 rg BT 336.21 411.75 Td (and ) Tj ET Q q 0 0 0 rg BT 354.27 411.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 396.22 411.75 Td (results.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 395.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 91.99 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.69 395.25 Td (our ) Tj ET Q q 0 0 0 rg BT 118.40 395.25 Td (business ) Tj ET Q q 0 0 0 rg BT 154.67 395.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 188.71 395.25 Td (is ) Tj ET Q q 0 0 0 rg BT 197.75 395.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.91 395.25 Td (tar) Tj ET Q q 0 0 0 rg BT 218.28 395.25 Td (get ) Tj ET Q q 0 0 0 rg BT 232.87 395.25 Td (lar) Tj ET Q q 0 0 0 rg BT 243.24 395.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 258.38 395.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 298.52 395.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 329.78 395.25 Td (that ) Tj ET Q q 0 0 0 rg BT 347.15 395.25 Td (handle ) Tj ET Q q 0 0 0 rg BT 376.19 395.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 406.32 395.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 442.58 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.29 395.25 Td (loans. ) Tj ET Q q 0 0 0 rg BT 478.75 395.25 Td (As ) Tj ET Q q 0 0 0 rg BT 492.24 395.25 Td (we ) Tj ET Q q 0 0 0 rg BT 506.28 395.25 Td (tar) Tj ET Q q 0 0 0 rg BT 516.65 395.25 Td (get ) Tj ET Q q 0 0 0 rg BT 531.24 395.25 Td (more ) Tj ET Q q 0 0 0 rg BT 554.17 395.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 383.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.09 383.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 86.79 383.25 Td (ef) Tj ET Q q 0 0 0 rg BT 94.38 383.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 114.97 383.25 Td (at ) Tj ET Q q 0 0 0 rg BT 124.45 383.25 Td (lar) Tj ET Q q 0 0 0 rg BT 134.81 383.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 149.84 383.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 195.15 383.25 Td (we ) Tj ET Q q 0 0 0 rg BT 209.07 383.25 Td (could ) Tj ET Q q 0 0 0 rg BT 233.55 383.25 Td (face ) Tj ET Q q 0 0 0 rg BT 252.45 383.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 282.47 383.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 307.23 383.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 335.04 383.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 356.74 383.25 Td (cycles ) Tj ET Q q 0 0 0 rg BT 383.98 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 400.68 383.25 Td (less ) Tj ET Q q 0 0 0 rg BT 417.94 383.25 Td (predictability ) Tj ET Q q 0 0 0 rg BT 473.52 383.25 Td (in ) Tj ET Q q 0 0 0 rg BT 483.56 383.25 Td (completing ) Tj ET Q q 0 0 0 rg BT 530.81 383.25 Td (some ) Tj ET Q q 0 0 0 rg BT 554.18 383.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 371.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.46 371.25 Td (sales. ) Tj ET Q q 0 0 0 rg BT 90.03 371.25 Td (In ) Tj ET Q q 0 0 0 rg BT 100.99 371.25 Td (this ) Tj ET Q q 0 0 0 rg BT 118.07 371.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 150.96 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.81 371.25 Td (customer's ) Tj ET Q q 0 0 0 rg BT 210.79 371.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 246.75 371.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.16 371.25 Td (use ) Tj ET Q q 0 0 0 rg BT 273.12 371.25 Td (our ) Tj ET Q q 0 0 0 rg BT 289.08 371.25 Td (products ) Tj ET Q q 0 0 0 rg BT 326.15 371.25 Td (and ) Tj ET Q q 0 0 0 rg BT 343.22 371.25 Td (services ) Tj ET Q q 0 0 0 rg BT 378.06 371.25 Td (may ) Tj ET Q q 0 0 0 rg BT 397.90 371.25 Td (be ) Tj ET Q q 0 0 0 rg BT 409.97 371.25 Td (an ) Tj ET Q q 0 0 0 rg BT 422.04 371.25 Td (enterprise-wide ) Tj ET Q q 0 0 0 rg BT 486.87 371.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 522.82 371.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 542.39 371.25 Td (if ) Tj ET Q q 0 0 0 rg BT 551.13 371.25 Td (so, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 359.25 Td (this ) Tj ET Q q 0 0 0 rg BT 66.05 359.25 Td (type ) Tj ET Q q 0 0 0 rg BT 85.37 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 95.80 359.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 113.45 359.25 Td (could ) Tj ET Q q 0 0 0 rg BT 137.77 359.25 Td (require ) Tj ET Q q 0 0 0 rg BT 168.19 359.25 Td (us ) Tj ET Q q 0 0 0 rg BT 179.18 359.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.06 359.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 221.71 359.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 251.57 359.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 276.99 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.42 359.25 Td (education ) Tj ET Q q 0 0 0 rg BT 328.40 359.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 368.82 359.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.14 359.25 Td (use ) Tj ET Q q 0 0 0 rg BT 398.57 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.11 359.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 448.87 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.30 359.25 Td (our ) Tj ET Q q 0 0 0 rg BT 474.73 359.25 Td (products ) Tj ET Q q 0 0 0 rg BT 511.27 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.81 359.25 Td (services. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 347.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.08 347.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 97.61 347.25 Td (lar) Tj ET Q q 0 0 0 rg BT 107.97 347.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 123.00 347.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 165.79 347.25 Td (may ) Tj ET Q q 0 0 0 rg BT 185.26 347.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 219.17 347.25 Td (more ) Tj ET Q q 0 0 0 rg BT 241.97 347.25 Td (customization, ) Tj ET Q q 0 0 0 rg BT 302.82 347.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 367.84 347.25 Td (services ) Tj ET Q q 0 0 0 rg BT 402.30 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.99 347.25 Td (features. ) Tj ET Q q 0 0 0 rg BT 454.89 347.25 Td (As ) Tj ET Q q 0 0 0 rg BT 468.26 347.25 Td (a ) Tj ET Q q 0 0 0 rg BT 474.95 347.25 Td (result ) Tj ET Q q 0 0 0 rg BT 499.42 347.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.00 347.25 Td (these ) Tj ET Q q 0 0 0 rg BT 532.80 347.25 Td (factors, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 335.25 Td (these ) Tj ET Q q 0 0 0 rg BT 71.78 335.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 92.96 335.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 147.47 335.25 Td (may ) Tj ET Q q 0 0 0 rg BT 166.42 335.25 Td (require ) Tj ET Q q 0 0 0 rg BT 196.48 335.25 Td (us ) Tj ET Q q 0 0 0 rg BT 207.11 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 216.62 335.25 Td (devote ) Tj ET Q q 0 0 0 rg BT 245.01 335.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 274.51 335.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 295.68 335.25 Td (support ) Tj ET Q q 0 0 0 rg BT 327.42 335.25 Td (and ) Tj ET Q q 0 0 0 rg BT 343.59 335.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 394.21 335.25 Td (services ) Tj ET Q q 0 0 0 rg BT 428.15 335.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 467.65 335.25 Td (to ) Tj ET Q q 0 0 0 rg BT 477.17 335.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 519.45 335.25 Td (customers, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 323.25 Td (driving ) Tj ET Q q 0 0 0 rg BT 80.85 323.25 Td (up ) Tj ET Q q 0 0 0 rg BT 93.31 323.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 115.78 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.68 323.25 Td (time ) Tj ET Q q 0 0 0 rg BT 152.92 323.25 Td (required ) Tj ET Q q 0 0 0 rg BT 188.69 323.25 Td (to ) Tj ET Q q 0 0 0 rg BT 198.94 323.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 238.05 323.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 259.95 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.85 323.25 Td (diverting ) Tj ET Q q 0 0 0 rg BT 315.42 323.25 Td (our ) Tj ET Q q 0 0 0 rg BT 331.21 323.25 Td (own ) Tj ET Q q 0 0 0 rg BT 350.90 323.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 372.80 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.70 323.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 441.04 323.25 Td (services ) Tj ET Q q 0 0 0 rg BT 475.71 323.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 515.94 323.25 Td (to ) Tj ET Q q 0 0 0 rg BT 526.18 323.25 Td (a ) Tj ET Q q 0 0 0 rg BT 533.08 323.25 Td (smaller ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 311.25 Td (number ) Tj ET Q q 0 0 0 rg BT 82.56 311.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.41 311.25 Td (lar) Tj ET Q q 0 0 0 rg BT 103.78 311.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 119.06 311.25 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 171.84 311.25 Td (while ) Tj ET Q q 0 0 0 rg BT 196.57 311.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 241.86 311.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 281.03 311.25 Td (us ) Tj ET Q q 0 0 0 rg BT 292.44 311.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.73 311.25 Td (delayrevenue ) Tj ET Q q 0 0 0 rg BT 361.05 311.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 409.11 311.25 Td (on ) Tj ET Q q 0 0 0 rg BT 421.62 311.25 Td (some ) Tj ET Q q 0 0 0 rg BT 445.25 311.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.09 311.25 Td (these ) Tj ET Q q 0 0 0 rg BT 479.16 311.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 529.44 311.25 Td (until ) Tj ET Q q 0 0 0 rg BT 550.29 311.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 299.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 88.09 299.25 Td (or ) Tj ET Q q 0 0 0 rg BT 98.92 299.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 164.18 299.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 218.88 299.25 Td (have ) Tj ET Q q 0 0 0 rg BT 240.26 299.25 Td (been ) Tj ET Q q 0 0 0 rg BT 261.64 299.25 Td (met.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 273.75 Td (Supporting ) Tj ET Q q 0 0 0 rg BT 98.46 273.75 Td (our ) Tj ET Q q 0 0 0 rg BT 115.75 273.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 150.80 273.75 Td (and ) Tj ET Q q 0 0 0 rg BT 169.19 273.75 Td (growing ) Tj ET Q q 0 0 0 rg BT 205.92 273.75 Td (customer ) Tj ET Q q 0 0 0 rg BT 246.53 273.75 Td (base ) Tj ET Q q 0 0 0 rg BT 267.69 273.75 Td (could ) Tj ET Q q 0 0 0 rg BT 293.30 273.75 Td (strain ) Tj ET Q q 0 0 0 rg BT 320.03 273.75 Td (our ) Tj ET Q q 0 0 0 rg BT 337.31 273.75 Td (personnel ) Tj ET Q q 0 0 0 rg BT 380.70 273.75 Td (resources, ) Tj ET Q q 0 0 0 rg BT 425.48 273.75 Td (and ) Tj ET Q q 0 0 0 rg BT 443.87 273.75 Td (if ) Tj ET Q q 0 0 0 rg BT 452.81 273.75 Td (we ) Tj ET Q q 0 0 0 rg BT 466.74 273.75 Td (are ) Tj ET Q q 0 0 0 rg BT 482.90 273.75 Td (unable ) Tj ET Q q 0 0 0 rg BT 514.07 273.75 Td (to ) Tj ET Q q 0 0 0 rg BT 524.68 273.75 Td (scale ) Tj ET Q q 0 0 0 rg BT 548.06 273.75 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 261.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 95.34 261.75 Td (and ) Tj ET Q q 0 0 0 rg BT 113.40 261.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 150.34 261.75 Td (productivity) Tj ET Q q 0 0 0 rg BT 198.85 261.75 Td (, ) Tj ET Q q 0 0 0 rg BT 203.85 261.75 Td (we ) Tj ET Q q 0 0 0 rg BT 217.46 261.75 Td (may ) Tj ET Q q 0 0 0 rg BT 237.18 261.75 Td (not ) Tj ET Q q 0 0 0 rg BT 253.02 261.75 Td (be ) Tj ET Q q 0 0 0 rg BT 264.95 261.75 Td (able ) Tj ET Q q 0 0 0 rg BT 284.67 261.75 Td (to ) Tj ET Q q 0 0 0 rg BT 294.95 261.75 Td (successfully ) Tj ET Q q 0 0 0 rg BT 346.89 261.75 Td (implement ) Tj ET Q q 0 0 0 rg BT 392.72 261.75 Td (our ) Tj ET Q q 0 0 0 rg BT 409.67 261.75 Td (business ) Tj ET Q q 0 0 0 rg BT 447.19 261.75 Td (plan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 245.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 245.25 Td (e ) Tj ET Q q 0 0 0 rg BT 90.05 245.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 127.95 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 139.20 245.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 185.97 245.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 231.65 245.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 263.46 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 274.70 245.25 Td (our ) Tj ET Q q 0 0 0 rg BT 291.50 245.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 331.63 245.25 Td (base, ) Tj ET Q q 0 0 0 rg BT 355.37 245.25 Td (which ) Tj ET Q q 0 0 0 rg BT 383.28 245.25 Td (has ) Tj ET Q q 0 0 0 rg BT 400.08 245.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 429.64 245.25 Td (a ) Tj ET Q q 0 0 0 rg BT 437.55 245.25 Td (strain ) Tj ET Q q 0 0 0 rg BT 463.24 245.25 Td (on ) Tj ET Q q 0 0 0 rg BT 476.71 245.25 Td (our ) Tj ET Q q 0 0 0 rg BT 493.51 245.25 Td (management ) Tj ET Q q 0 0 0 rg BT 548.07 245.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 233.25 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 110.63 233.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 157.04 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.90 233.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 209.31 233.25 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 266.99 233.25 Td (W) Tj ET Q q 0 0 0 rg BT 275.63 233.25 Td (e ) Tj ET Q q 0 0 0 rg BT 281.49 233.25 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 321.78 233.25 Td (that ) Tj ET Q q 0 0 0 rg BT 338.20 233.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 379.62 233.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 428.82 233.25 Td (in ) Tj ET Q q 0 0 0 rg BT 438.02 233.25 Td (our ) Tj ET Q q 0 0 0 rg BT 452.77 233.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 516.96 233.25 Td (capabilities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.43 221.25 Td (research ) Tj ET Q q 0 0 0 rg BT 104.22 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.15 221.25 Td (development ) Tj ET Q q 0 0 0 rg BT 177.29 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.22 221.25 Td (general ) Tj ET Q q 0 0 0 rg BT 228.13 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.06 221.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 306.75 221.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 346.35 221.25 Td (will ) Tj ET Q q 0 0 0 rg BT 365.39 221.25 Td (be ) Tj ET Q q 0 0 0 rg BT 378.32 221.25 Td (required ) Tj ET Q q 0 0 0 rg BT 415.13 221.25 Td (to ) Tj ET Q q 0 0 0 rg BT 426.39 221.25 Td (scale ) Tj ET Q q 0 0 0 rg BT 449.87 221.25 Td (our ) Tj ET Q q 0 0 0 rg BT 466.69 221.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 511.83 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.76 221.25 Td (increase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (productivity) Tj ET Q q 0 0 0 rg BT 97.73 209.25 Td (, ) Tj ET Q q 0 0 0 rg BT 102.33 209.25 Td (address ) Tj ET Q q 0 0 0 rg BT 134.43 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.75 209.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 173.62 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.05 209.25 Td (our ) Tj ET Q q 0 0 0 rg BT 199.48 209.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 244.63 209.25 Td (further ) Tj ET Q q 0 0 0 rg BT 273.94 209.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 307.70 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.24 209.25 Td (enhance ) Tj ET Q q 0 0 0 rg BT 359.09 209.25 Td (our ) Tj ET Q q 0 0 0 rg BT 374.52 209.25 Td (products ) Tj ET Q q 0 0 0 rg BT 411.06 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.61 209.25 Td (services ) Tj ET Q q 0 0 0 rg BT 461.91 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.46 209.25 Td (scale ) Tj ET Q q 0 0 0 rg BT 500.54 209.25 Td (with ) Tj ET Q q 0 0 0 rg BT 520.42 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.74 209.25 Td (overall ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 197.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 80.33 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.16 197.25 Td (our ) Tj ET Q q 0 0 0 rg BT 106.99 197.25 Td (company) Tj ET Q q 0 0 0 rg BT 143.00 197.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 180.75 Td (In ) Tj ET Q q 0 0 0 rg BT 84.92 180.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 123.28 180.75 Td (professional ) Tj ET Q q 0 0 0 rg BT 175.24 180.75 Td (services, ) Tj ET Q q 0 0 0 rg BT 213.03 180.75 Td (such ) Tj ET Q q 0 0 0 rg BT 234.45 180.75 Td (as ) Tj ET Q q 0 0 0 rg BT 245.86 180.75 Td (implementation ) Tj ET Q q 0 0 0 rg BT 311.71 180.75 Td (services, ) Tj ET Q q 0 0 0 rg BT 349.51 180.75 Td (are ) Tj ET Q q 0 0 0 rg BT 364.80 180.75 Td (a ) Tj ET Q q 0 0 0 rg BT 372.32 180.75 Td (key ) Tj ET Q q 0 0 0 rg BT 389.85 180.75 Td (aspect ) Tj ET Q q 0 0 0 rg BT 417.92 180.75 Td (of ) Tj ET Q q 0 0 0 rg BT 429.33 180.75 Td (on-boarding ) Tj ET Q q 0 0 0 rg BT 481.30 180.75 Td (new ) Tj ET Q q 0 0 0 rg BT 501.04 180.75 Td (customers. ) Tj ET Q q 0 0 0 rg BT 546.95 180.75 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 168.75 Td (implementation ) Tj ET Q q 0 0 0 rg BT 114.92 168.75 Td (process ) Tj ET Q q 0 0 0 rg BT 147.58 168.75 Td (is ) Tj ET Q q 0 0 0 rg BT 156.91 168.75 Td (complicated ) Tj ET Q q 0 0 0 rg BT 208.44 168.75 Td (and ) Tj ET Q q 0 0 0 rg BT 225.54 168.75 Td (we ) Tj ET Q q 0 0 0 rg BT 239.86 168.75 Td (will ) Tj ET Q q 0 0 0 rg BT 258.07 168.75 Td (need ) Tj ET Q q 0 0 0 rg BT 279.61 168.75 Td (to ) Tj ET Q q 0 0 0 rg BT 290.05 168.75 Td (scale ) Tj ET Q q 0 0 0 rg BT 312.70 168.75 Td (our ) Tj ET Q q 0 0 0 rg BT 328.69 168.75 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 376.89 168.75 Td (in ) Tj ET Q q 0 0 0 rg BT 387.33 168.75 Td (this ) Tj ET Q q 0 0 0 rg BT 404.44 168.75 Td (area ) Tj ET Q q 0 0 0 rg BT 423.74 168.75 Td (to ) Tj ET Q q 0 0 0 rg BT 434.18 168.75 Td (meet ) Tj ET Q q 0 0 0 rg BT 456.28 168.75 Td (future ) Tj ET Q q 0 0 0 rg BT 482.82 168.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 517.12 168.75 Td (tar) Tj ET Q q 0 0 0 rg BT 527.49 168.75 Td (gets. ) Tj ET Q q 0 0 0 rg BT 548.76 168.75 Td (If ) Tj ET Q q 0 0 0 rg BT 558.08 168.75 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 156.75 Td (customer ) Tj ET Q q 0 0 0 rg BT 88.11 156.75 Td (is ) Tj ET Q q 0 0 0 rg BT 96.74 156.75 Td (not ) Tj ET Q q 0 0 0 rg BT 111.48 156.75 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 146.77 156.75 Td (with ) Tj ET Q q 0 0 0 rg BT 166.50 156.75 Td (the ) Tj ET Q q 0 0 0 rg BT 180.68 156.75 Td (quality ) Tj ET Q q 0 0 0 rg BT 210.41 156.75 Td (of ) Tj ET Q q 0 0 0 rg BT 220.70 156.75 Td (work ) Tj ET Q q 0 0 0 rg BT 243.21 156.75 Td (performed ) Tj ET Q q 0 0 0 rg BT 286.82 156.75 Td (by ) Tj ET Q q 0 0 0 rg BT 298.78 156.75 Td (us ) Tj ET Q q 0 0 0 rg BT 309.63 156.75 Td (or ) Tj ET Q q 0 0 0 rg BT 319.92 156.75 Td (with ) Tj ET Q q 0 0 0 rg BT 339.66 156.75 Td (the ) Tj ET Q q 0 0 0 rg BT 353.83 156.75 Td (type ) Tj ET Q q 0 0 0 rg BT 373.01 156.75 Td (of ) Tj ET Q q 0 0 0 rg BT 383.30 156.75 Td (services ) Tj ET Q q 0 0 0 rg BT 417.47 156.75 Td (or ) Tj ET Q q 0 0 0 rg BT 427.76 156.75 Td (solutions ) Tj ET Q q 0 0 0 rg BT 465.83 156.75 Td (delivered, ) Tj ET Q q 0 0 0 rg BT 507.49 156.75 Td (then ) Tj ET Q q 0 0 0 rg BT 526.67 156.75 Td (we ) Tj ET Q q 0 0 0 rg BT 540.29 156.75 Td (could ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 144.75 Td (incur ) Tj ET Q q 0 0 0 rg BT 72.53 144.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 115.00 144.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 137.48 144.75 Td (to ) Tj ET Q q 0 0 0 rg BT 147.74 144.75 Td (address ) Tj ET Q q 0 0 0 rg BT 180.21 144.75 Td (the ) Tj ET Q q 0 0 0 rg BT 194.91 144.75 Td (situation, ) Tj ET Q q 0 0 0 rg BT 234.33 144.75 Td (the ) Tj ET Q q 0 0 0 rg BT 249.03 144.75 Td (profitability ) Tj ET Q q 0 0 0 rg BT 299.28 144.75 Td (of ) Tj ET Q q 0 0 0 rg BT 310.09 144.75 Td (that ) Tj ET Q q 0 0 0 rg BT 327.56 144.75 Td (work ) Tj ET Q q 0 0 0 rg BT 350.59 144.75 Td (might ) Tj ET Q q 0 0 0 rg BT 376.41 144.75 Td (be ) Tj ET Q q 0 0 0 rg BT 388.33 144.75 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 428.85 144.75 Td (and ) Tj ET Q q 0 0 0 rg BT 445.77 144.75 Td (the ) Tj ET Q q 0 0 0 rg BT 460.47 144.75 Td (customer's ) Tj ET Q q 0 0 0 rg BT 505.30 144.75 Td (dissatisfaction ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 132.75 Td (with ) Tj ET Q q 0 0 0 rg BT 68.82 132.75 Td (our ) Tj ET Q q 0 0 0 rg BT 83.69 132.75 Td (products ) Tj ET Q q 0 0 0 rg BT 119.67 132.75 Td (and ) Tj ET Q q 0 0 0 rg BT 135.64 132.75 Td (services ) Tj ET Q q 0 0 0 rg BT 169.39 132.75 Td (could ) Tj ET Q q 0 0 0 rg BT 193.15 132.75 Td (damage ) Tj ET Q q 0 0 0 rg BT 225.78 132.75 Td (our ) Tj ET Q q 0 0 0 rg BT 240.65 132.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 267.74 132.75 Td (to ) Tj ET Q q 0 0 0 rg BT 277.06 132.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 303.59 132.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 345.12 132.75 Td (work ) Tj ET Q q 0 0 0 rg BT 367.21 132.75 Td (from ) Tj ET Q q 0 0 0 rg BT 388.19 132.75 Td (that ) Tj ET Q q 0 0 0 rg BT 404.73 132.75 Td (customer) Tj ET Q q 0 0 0 rg BT 440.83 132.75 Td (. ) Tj ET Q q 0 0 0 rg BT 444.87 132.75 Td (In ) Tj ET Q q 0 0 0 rg BT 454.74 132.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 491.55 132.75 Td (negative ) Tj ET Q q 0 0 0 rg BT 526.96 132.75 Td (publicity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 120.75 Td (related ) Tj ET Q q 0 0 0 rg BT 78.29 120.75 Td (to ) Tj ET Q q 0 0 0 rg BT 87.65 120.75 Td (our ) Tj ET Q q 0 0 0 rg BT 102.57 120.75 Td (customer ) Tj ET Q q 0 0 0 rg BT 140.81 120.75 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 196.00 120.75 Td (regardless ) Tj ET Q q 0 0 0 rg BT 238.12 120.75 Td (of ) Tj ET Q q 0 0 0 rg BT 248.04 120.75 Td (its ) Tj ET Q q 0 0 0 rg BT 259.07 120.75 Td (accuracy) Tj ET Q q 0 0 0 rg BT 293.95 120.75 Td (, ) Tj ET Q q 0 0 0 rg BT 298.03 120.75 Td (may ) Tj ET Q q 0 0 0 rg BT 316.83 120.75 Td (further ) Tj ET Q q 0 0 0 rg BT 345.63 120.75 Td (damage ) Tj ET Q q 0 0 0 rg BT 378.31 120.75 Td (our ) Tj ET Q q 0 0 0 rg BT 393.22 120.75 Td (business ) Tj ET Q q 0 0 0 rg BT 428.70 120.75 Td (by ) Tj ET Q q 0 0 0 rg BT 440.29 120.75 Td (af) Tj ET Q q 0 0 0 rg BT 447.87 120.75 Td (fecting ) Tj ET Q q 0 0 0 rg BT 477.22 120.75 Td (our ) Tj ET Q q 0 0 0 rg BT 492.14 120.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 519.28 120.75 Td (to ) Tj ET Q q 0 0 0 rg BT 528.64 120.75 Td (compete ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 108.75 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 108.75 Td (new ) Tj ET Q q 0 0 0 rg BT 82.82 108.75 Td (business ) Tj ET Q q 0 0 0 rg BT 119.21 108.75 Td (with ) Tj ET Q q 0 0 0 rg BT 139.49 108.75 Td (current ) Tj ET Q q 0 0 0 rg BT 170.31 108.75 Td (and ) Tj ET Q q 0 0 0 rg BT 187.24 108.75 Td (prospective ) Tj ET Q q 0 0 0 rg BT 235.84 108.75 Td (customers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 87.75 Td (Continued ) Tj ET Q q 0 0 0 rg BT 97.54 87.75 Td (growth ) Tj ET Q q 0 0 0 rg BT 131.14 87.75 Td (may ) Tj ET Q q 0 0 0 rg BT 153.04 87.75 Td (place ) Tj ET Q q 0 0 0 rg BT 179.39 87.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 227.98 87.75 Td (demands ) Tj ET Q q 0 0 0 rg BT 269.34 87.75 Td (on ) Tj ET Q q 0 0 0 rg BT 284.60 87.75 Td (our ) Tj ET Q q 0 0 0 rg BT 303.74 87.75 Td (management ) Tj ET Q q 0 0 0 rg BT 361.77 87.75 Td (and ) Tj ET Q q 0 0 0 rg BT 382.02 87.75 Td (our ) Tj ET Q q 0 0 0 rg BT 401.17 87.75 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 463.66 87.75 Td (and ) Tj ET Q q 0 0 0 rg BT 483.91 87.75 Td (require ) Tj ET Q q 0 0 0 rg BT 518.60 87.75 Td (significant ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 75.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 104.78 75.75 Td (and ) Tj ET Q q 0 0 0 rg BT 122.84 75.75 Td (resources.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 59.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.59 59.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 120.45 59.25 Td (has ) Tj ET Q q 0 0 0 rg BT 135.32 59.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 162.95 59.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.92 59.25 Td (may ) Tj ET Q q 0 0 0 rg BT 197.67 59.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 233.64 59.25 Td (to ) Tj ET Q q 0 0 0 rg BT 242.96 59.25 Td (place ) Tj ET Q q 0 0 0 rg BT 265.59 59.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 309.33 59.25 Td (demands ) Tj ET Q q 0 0 0 rg BT 346.42 59.25 Td (on ) Tj ET Q q 0 0 0 rg BT 357.95 59.25 Td (our ) Tj ET Q q 0 0 0 rg BT 372.82 59.25 Td (management ) Tj ET Q q 0 0 0 rg BT 425.44 59.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.42 59.25 Td (our ) Tj ET Q q 0 0 0 rg BT 456.28 59.25 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 517.53 59.25 Td (operational ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 47.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.32 47.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 105.68 47.25 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 164.68 47.25 Td (As ) Tj ET Q q 0 0 0 rg BT 179.18 47.25 Td (our ) Tj ET Q q 0 0 0 rg BT 195.89 47.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 240.93 47.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 264.86 47.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.03 47.25 Td (size, ) Tj ET Q q 0 0 0 rg BT 297.46 47.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 323.61 47.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.43 47.25 Td (complexity) Tj ET Q q 0 0 0 rg BT 385.77 47.25 Td (, ) Tj ET Q q 0 0 0 rg BT 391.65 47.25 Td (we ) Tj ET Q q 0 0 0 rg BT 406.69 47.25 Td (will ) Tj ET Q q 0 0 0 rg BT 425.63 47.25 Td (need ) Tj ET Q q 0 0 0 rg BT 447.89 47.25 Td (to ) Tj ET Q q 0 0 0 rg BT 459.06 47.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 495.76 47.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.58 47.25 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 549.17 47.25 Td (our ) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 84.55 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.36 740.10 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 162.10 740.10 Td (including ) Tj ET Q q 0 0 0 rg BT 203.25 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 219.95 740.10 Td (data ) Tj ET Q q 0 0 0 rg BT 239.98 740.10 Td (centers ) Tj ET Q q 0 0 0 rg BT 271.67 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.49 740.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 327.84 740.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 367.87 740.10 Td (systems. ) Tj ET Q q 0 0 0 rg BT 405.18 740.10 Td (These ) Tj ET Q q 0 0 0 rg BT 432.43 740.10 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 471.90 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.72 740.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 550.30 740.10 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 89.87 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.14 728.10 Td (order ) Tj ET Q q 0 0 0 rg BT 121.74 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.02 728.10 Td (of) Tj ET Q q 0 0 0 rg BT 139.17 728.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 151.77 728.10 Td (an ) Tj ET Q q 0 0 0 rg BT 162.70 728.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 205.30 728.10 Td (number ) Tj ET Q q 0 0 0 rg BT 237.34 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.17 728.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 289.22 728.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 328.47 728.10 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 368.59 728.10 Td (features ) Tj ET Q q 0 0 0 rg BT 401.73 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.67 728.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 470.27 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.20 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.48 728.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 523.08 728.10 Td (continued ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 87.53 716.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 122.25 716.10 Td (over ) Tj ET Q q 0 0 0 rg BT 142.52 716.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 180.00 716.10 Td (reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 699.60 Td (In ) Tj ET Q q 0 0 0 rg BT 84.20 699.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 121.84 699.60 Td (the ) Tj ET Q q 0 0 0 rg BT 136.42 699.60 Td (expansion ) Tj ET Q q 0 0 0 rg BT 179.34 699.60 Td (of ) Tj ET Q q 0 0 0 rg BT 190.03 699.60 Td (our ) Tj ET Q q 0 0 0 rg BT 205.73 699.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 239.77 699.60 Td (and ) Tj ET Q q 0 0 0 rg BT 256.57 699.60 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 312.80 699.60 Td (will ) Tj ET Q q 0 0 0 rg BT 330.73 699.60 Td (require ) Tj ET Q q 0 0 0 rg BT 361.41 699.60 Td (us ) Tj ET Q q 0 0 0 rg BT 372.67 699.60 Td (to ) Tj ET Q q 0 0 0 rg BT 382.81 699.60 Td (commit ) Tj ET Q q 0 0 0 rg BT 415.73 699.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 460.87 699.60 Td (financial, ) Tj ET Q q 0 0 0 rg BT 500.72 699.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 548.07 699.60 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 687.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 87.51 687.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 127.19 687.60 Td (in ) Tj ET Q q 0 0 0 rg BT 136.89 687.60 Td (advance ) Tj ET Q q 0 0 0 rg BT 171.57 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 181.82 687.60 Td (any ) Tj ET Q q 0 0 0 rg BT 198.19 687.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 243.98 687.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 278.65 687.60 Td (in ) Tj ET Q q 0 0 0 rg BT 288.35 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.49 687.60 Td (volume ) Tj ET Q q 0 0 0 rg BT 334.41 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 344.66 687.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 382.98 687.60 Td (with ) Tj ET Q q 0 0 0 rg BT 402.68 687.60 Td (no ) Tj ET Q q 0 0 0 rg BT 414.60 687.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 455.39 687.60 Td (that ) Tj ET Q q 0 0 0 rg BT 472.31 687.60 Td (the ) Tj ET Q q 0 0 0 rg BT 486.45 687.60 Td (volume ) Tj ET Q q 0 0 0 rg BT 518.37 687.60 Td (of ) Tj ET Q q 0 0 0 rg BT 528.62 687.60 Td (business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 675.60 Td (will ) Tj ET Q q 0 0 0 rg BT 67.11 675.60 Td (actually ) Tj ET Q q 0 0 0 rg BT 100.82 675.60 Td (increase. ) Tj ET Q q 0 0 0 rg BT 138.14 675.60 Td (Continued ) Tj ET Q q 0 0 0 rg BT 181.86 675.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 212.25 675.60 Td (could ) Tj ET Q q 0 0 0 rg BT 236.52 675.60 Td (also ) Tj ET Q q 0 0 0 rg BT 254.69 675.60 Td (strain ) Tj ET Q q 0 0 0 rg BT 278.96 675.60 Td (our ) Tj ET Q q 0 0 0 rg BT 294.35 675.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 321.96 675.60 Td (to ) Tj ET Q q 0 0 0 rg BT 331.80 675.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 368.85 675.60 Td (reliable ) Tj ET Q q 0 0 0 rg BT 400.88 675.60 Td (service ) Tj ET Q q 0 0 0 rg BT 431.26 675.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 456.64 675.60 Td (for ) Tj ET Q q 0 0 0 rg BT 470.36 675.60 Td (our ) Tj ET Q q 0 0 0 rg BT 485.75 675.60 Td (customers, ) Tj ET Q q 0 0 0 rg BT 530.85 675.60 Td (develop ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.13 663.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 101.66 663.60 Td (our ) Tj ET Q q 0 0 0 rg BT 117.18 663.60 Td (operational, ) Tj ET Q q 0 0 0 rg BT 166.86 663.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 204.04 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 220.67 663.60 Td (management ) Tj ET Q q 0 0 0 rg BT 273.96 663.60 Td (controls, ) Tj ET Q q 0 0 0 rg BT 310.87 663.60 Td (enhance ) Tj ET Q q 0 0 0 rg BT 345.82 663.60 Td (our ) Tj ET Q q 0 0 0 rg BT 361.35 663.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 400.20 663.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 434.06 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 450.70 663.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 496.76 663.60 Td (and ) Tj ET Q q 0 0 0 rg BT 513.40 663.60 Td (recruit, ) Tj ET Q q 0 0 0 rg BT 544.19 663.60 Td (train ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 651.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 651.60 Td (retain ) Tj ET Q q 0 0 0 rg BT 91.70 651.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 119.76 651.60 Td (skilled ) Tj ET Q q 0 0 0 rg BT 148.92 651.60 Td (personnel.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 635.10 Td (Managing ) Tj ET Q q 0 0 0 rg BT 116.15 635.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.58 635.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 162.01 635.10 Td (will ) Tj ET Q q 0 0 0 rg BT 179.67 635.10 Td (require ) Tj ET Q q 0 0 0 rg BT 210.09 635.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 254.40 635.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 307.60 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 324.14 635.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 365.67 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.10 635.10 Td (valuable ) Tj ET Q q 0 0 0 rg BT 412.08 635.10 Td (management ) Tj ET Q q 0 0 0 rg BT 465.27 635.10 Td (resources. ) Tj ET Q q 0 0 0 rg BT 507.48 635.10 Td (W) Tj ET Q q 0 0 0 rg BT 516.11 635.10 Td (e ) Tj ET Q q 0 0 0 rg BT 522.65 635.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.63 635.10 Td (been ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 623.10 Td (aggressively ) Tj ET Q q 0 0 0 rg BT 102.53 623.10 Td (hiring ) Tj ET Q q 0 0 0 rg BT 129.47 623.10 Td (talent ) Tj ET Q q 0 0 0 rg BT 154.72 623.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.55 623.10 Td (all ) Tj ET Q q 0 0 0 rg BT 178.59 623.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 202.18 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.55 623.10 Td (our ) Tj ET Q q 0 0 0 rg BT 229.93 623.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 269.37 623.10 Td (which ) Tj ET Q q 0 0 0 rg BT 296.85 623.10 Td (has ) Tj ET Q q 0 0 0 rg BT 313.23 623.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 366.27 623.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 407.07 623.10 Td (our ) Tj ET Q q 0 0 0 rg BT 423.45 623.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 465.09 623.10 Td (If ) Tj ET Q q 0 0 0 rg BT 474.80 623.10 Td (we ) Tj ET Q q 0 0 0 rg BT 489.50 623.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 505.88 623.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.70 623.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 550.28 623.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 611.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 90.21 611.10 Td (level ) Tj ET Q q 0 0 0 rg BT 111.49 611.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.67 611.10 Td (ef) Tj ET Q q 0 0 0 rg BT 129.25 611.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 163.30 611.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.92 611.10 Td (our ) Tj ET Q q 0 0 0 rg BT 188.10 611.10 Td (or) Tj ET Q q 0 0 0 rg BT 196.25 611.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 239.74 611.10 Td (as ) Tj ET Q q 0 0 0 rg BT 249.92 611.10 Td (it ) Tj ET Q q 0 0 0 rg BT 257.32 611.10 Td (grows, ) Tj ET Q q 0 0 0 rg BT 286.11 611.10 Td (our ) Tj ET Q q 0 0 0 rg BT 301.28 611.10 Td (business ) Tj ET Q q 0 0 0 rg BT 337.02 611.10 Td (would ) Tj ET Q q 0 0 0 rg BT 363.86 611.10 Td (be ) Tj ET Q q 0 0 0 rg BT 375.15 611.10 Td (harmed. ) Tj ET Q q 0 0 0 rg BT 409.34 611.10 Td (W) Tj ET Q q 0 0 0 rg BT 417.98 611.10 Td (e ) Tj ET Q q 0 0 0 rg BT 424.26 611.10 Td (are ) Tj ET Q q 0 0 0 rg BT 438.31 611.10 Td (also ) Tj ET Q q 0 0 0 rg BT 456.27 611.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.89 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.95 611.10 Td (process ) Tj ET Q q 0 0 0 rg BT 511.79 611.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.96 611.10 Td (upgrading ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 599.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 77.18 599.10 Td (replacing ) Tj ET Q q 0 0 0 rg BT 116.51 599.10 Td (various ) Tj ET Q q 0 0 0 rg BT 148.07 599.10 Td (software ) Tj ET Q q 0 0 0 rg BT 184.63 599.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 218.43 599.10 Td (including ) Tj ET Q q 0 0 0 rg BT 258.33 599.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.79 599.10 Td (new ) Tj ET Q q 0 0 0 rg BT 292.58 599.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 334.13 599.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 370.13 599.10 Td (planning, ) Tj ET Q q 0 0 0 rg BT 409.75 599.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.21 599.10 Td (ERP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.44 599.10 Td (, ) Tj ET Q q 0 0 0 rg BT 442.07 599.10 Td (system, ) Tj ET Q q 0 0 0 rg BT 474.48 599.10 Td (which ) Tj ET Q q 0 0 0 rg BT 501.05 599.10 Td (we ) Tj ET Q q 0 0 0 rg BT 514.84 599.10 Td (began ) Tj ET Q q 0 0 0 rg BT 540.84 599.10 Td (using ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (during ) Tj ET Q q 0 0 0 rg BT 78.04 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.70 587.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 119.57 587.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 150.33 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.09 587.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 185.85 587.10 Td (The ) Tj ET Q q 0 0 0 rg BT 203.84 587.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 269.04 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.80 587.10 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.68 587.10 Td (ERP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.65 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.08 587.10 Td (system ) Tj ET Q q 0 0 0 rg BT 342.30 587.10 Td (entails ) Tj ET Q q 0 0 0 rg BT 370.84 587.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 400.48 587.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 424.30 587.10 Td (including ) Tj ET Q q 0 0 0 rg BT 464.51 587.10 Td (dif) Tj ET Q q 0 0 0 rg BT 475.44 587.10 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 510.09 587.10 Td (with ) Tj ET Q q 0 0 0 rg BT 530.31 587.10 Td (changes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.62 575.10 Td (business ) Tj ET Q q 0 0 0 rg BT 97.86 575.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 139.52 575.10 Td (that ) Tj ET Q q 0 0 0 rg BT 157.86 575.10 Td (could ) Tj ET Q q 0 0 0 rg BT 183.43 575.10 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 214.55 575.10 Td (our ) Tj ET Q q 0 0 0 rg BT 231.22 575.10 Td (company's ) Tj ET Q q 0 0 0 rg BT 276.92 575.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 324.42 575.10 Td (such ) Tj ET Q q 0 0 0 rg BT 346.09 575.10 Td (as ) Tj ET Q q 0 0 0 rg BT 357.77 575.10 Td (our ) Tj ET Q q 0 0 0 rg BT 374.44 575.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 403.34 575.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.46 575.10 Td (process ) Tj ET Q q 0 0 0 rg BT 447.80 575.10 Td (orders, ) Tj ET Q q 0 0 0 rg BT 478.63 575.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 512.52 575.10 Td (services ) Tj ET Q q 0 0 0 rg BT 548.07 575.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 563.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 88.23 563.10 Td (support, ) Tj ET Q q 0 0 0 rg BT 122.80 563.10 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 147.64 563.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 194.13 563.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 240.65 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.16 563.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 298.09 563.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 335.15 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.66 563.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 398.71 563.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 419.94 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.45 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.73 563.10 Td (ERP) Tj ET Q q 0 0 0 rg BT 468.70 563.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.78 563.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 510.62 563.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.47 563.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 550.30 563.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 551.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 103.52 551.10 Td (we ) Tj ET Q q 0 0 0 rg BT 118.10 551.10 Td (require ) Tj ET Q q 0 0 0 rg BT 149.34 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.70 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.40 551.10 Td (a ) Tj ET Q q 0 0 0 rg BT 184.76 551.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 213.24 551.10 Td (manner) Tj ET Q q 0 0 0 rg BT 242.67 551.10 Td (. ) Tj ET Q q 0 0 0 rg BT 248.09 551.10 Td (Unanticipated ) Tj ET Q q 0 0 0 rg BT 307.10 551.10 Td (problems ) Tj ET Q q 0 0 0 rg BT 347.24 551.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 390.16 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.30 551.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 470.98 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.23 551.10 Td (these ) Tj ET Q q 0 0 0 rg BT 505.70 551.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 540.30 551.10 Td (could ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 102.31 539.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 137.88 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.92 539.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 206.83 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.09 539.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 264.67 539.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 303.57 539.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.17 539.10 Td (this ) Tj ET Q q 0 0 0 rg BT 331.44 539.10 Td (project, ) Tj ET Q q 0 0 0 rg BT 364.52 539.10 Td (divert ) Tj ET Q q 0 0 0 rg BT 390.66 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.70 539.10 Td (attention ) Tj ET Q q 0 0 0 rg BT 443.51 539.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.66 539.10 Td (management ) Tj ET Q q 0 0 0 rg BT 508.56 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.82 539.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 549.19 539.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 527.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 89.28 527.10 Td (If ) Tj ET Q q 0 0 0 rg BT 99.32 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.92 527.10 Td (implementations ) Tj ET Q q 0 0 0 rg BT 184.96 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.68 527.10 Td (these ) Tj ET Q q 0 0 0 rg BT 220.61 527.10 Td (new ) Tj ET Q q 0 0 0 rg BT 240.66 527.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 292.36 527.10 Td (are ) Tj ET Q q 0 0 0 rg BT 307.96 527.10 Td (delayed, ) Tj ET Q q 0 0 0 rg BT 344.93 527.10 Td (or ) Tj ET Q q 0 0 0 rg BT 356.65 527.10 Td (if ) Tj ET Q q 0 0 0 rg BT 366.14 527.10 Td (we ) Tj ET Q q 0 0 0 rg BT 381.19 527.10 Td (encounter ) Tj ET Q q 0 0 0 rg BT 424.00 527.10 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 471.25 527.10 Td (problem ) Tj ET Q q 0 0 0 rg BT 507.96 527.10 Td (with ) Tj ET Q q 0 0 0 rg BT 529.12 527.10 Td (our ) Tj ET Q q 0 0 0 rg BT 545.84 527.10 Td (new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 515.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 83.77 515.10 Td (or ) Tj ET Q q 0 0 0 rg BT 94.71 515.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.09 515.10 Td (migrating ) Tj ET Q q 0 0 0 rg BT 146.58 515.10 Td (away ) Tj ET Q q 0 0 0 rg BT 170.28 515.10 Td (from ) Tj ET Q q 0 0 0 rg BT 192.33 515.10 Td (our ) Tj ET Q q 0 0 0 rg BT 208.26 515.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 242.53 515.10 Td (applications ) Tj ET Q q 0 0 0 rg BT 293.46 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.50 515.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 347.28 515.10 Td (our ) Tj ET Q q 0 0 0 rg BT 363.21 515.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 407.47 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.51 515.10 Td (our ) Tj ET Q q 0 0 0 rg BT 440.45 515.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 468.61 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.99 515.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 512.69 515.10 Td (our ) Tj ET Q q 0 0 0 rg BT 528.62 515.10 Td (business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 503.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.22 503.10 Td (be ) Tj ET Q q 0 0 0 rg BT 86.16 503.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 130.31 503.10 Td (impacted.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 482.10 Td (Integrating ) Tj ET Q q 0 0 0 rg BT 99.40 482.10 Td (future ) Tj ET Q q 0 0 0 rg BT 128.18 482.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 180.85 482.10 Td (could ) Tj ET Q q 0 0 0 rg BT 206.85 482.10 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 238.97 482.10 Td (our ) Tj ET Q q 0 0 0 rg BT 256.64 482.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 297.37 482.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 322.82 482.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.49 482.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 380.94 482.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 423.05 482.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.83 482.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 484.50 482.10 Td (results ) Tj ET Q q 0 0 0 rg BT 514.94 482.10 Td (or ) Tj ET Q q 0 0 0 rg BT 527.05 482.10 Td (dilute ) Tj ET Q q 0 0 0 rg BT 553.61 482.10 Td (or ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 470.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.32 470.10 Td (af) Tj ET Q q 0 0 0 rg BT 98.46 470.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 115.95 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.23 470.10 Td (price ) Tj ET Q q 0 0 0 rg BT 154.28 470.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.11 470.10 Td (our ) Tj ET Q q 0 0 0 rg BT 182.06 470.10 Td (common ) Tj ET Q q 0 0 0 rg BT 220.12 470.10 Td (stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 449.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.49 449.10 Td (success ) Tj ET Q q 0 0 0 rg BT 123.91 449.10 Td (will ) Tj ET Q q 0 0 0 rg BT 141.90 449.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 173.21 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.42 449.10 Td (part ) Tj ET Q q 0 0 0 rg BT 201.41 449.10 Td (on ) Tj ET Q q 0 0 0 rg BT 213.84 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 229.60 449.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 257.59 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.80 449.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 299.11 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 314.88 449.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 353.43 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.30 449.10 Td (services ) Tj ET Q q 0 0 0 rg BT 404.94 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.82 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.03 449.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 455.01 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 470.78 449.10 Td (business ) Tj ET Q q 0 0 0 rg BT 507.10 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.32 449.10 Td (response ) Tj ET Q q 0 0 0 rg BT 554.74 449.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 88.42 437.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 143.73 437.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 182.65 437.10 Td (demands ) Tj ET Q q 0 0 0 rg BT 220.46 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.17 437.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 286.64 437.10 Td (pressures. ) Tj ET Q q 0 0 0 rg BT 328.62 437.10 Td (In ) Tj ET Q q 0 0 0 rg BT 339.21 437.10 Td (some ) Tj ET Q q 0 0 0 rg BT 362.59 437.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 423.99 437.10 Td (we ) Tj ET Q q 0 0 0 rg BT 437.92 437.10 Td (may ) Tj ET Q q 0 0 0 rg BT 457.40 437.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 486.33 437.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 516.92 437.10 Td (through ) Tj ET Q q 0 0 0 rg BT 550.30 437.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 96.56 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.07 425.10 Td (complementary ) Tj ET Q q 0 0 0 rg BT 173.45 425.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 221.35 425.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 260.64 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 272.15 425.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 325.87 425.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 352.37 425.10 Td (than ) Tj ET Q q 0 0 0 rg BT 372.76 425.10 Td (through ) Tj ET Q q 0 0 0 rg BT 407.05 425.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 440.77 425.10 Td (development. ) Tj ET Q q 0 0 0 rg BT 498.10 425.10 Td (For ) Tj ET Q q 0 0 0 rg BT 515.17 425.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 554.72 425.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (January ) Tj ET Q q 0 0 0 rg BT 83.54 413.10 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.54 413.10 Td (, ) Tj ET Q q 0 0 0 rg BT 108.98 413.10 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.58 413.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 160.94 413.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 214.43 413.10 Td (all ) Tj ET Q q 0 0 0 rg BT 227.37 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.52 413.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 268.79 413.10 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.12 413.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.06 413.10 Td (MortgageCEO) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.94 413.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.38 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 351.76 413.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 374.70 413.10 Td (company ) Tj ET Q q 0 0 0 rg BT 414.29 413.10 Td (specializing ) Tj ET Q q 0 0 0 rg BT 464.99 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.71 413.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 515.30 413.10 Td (relationship ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (management ) Tj ET Q q 0 0 0 rg BT 103.09 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.03 401.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 163.07 401.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 201.69 401.10 Td (for ) Tj ET Q q 0 0 0 rg BT 215.85 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.56 401.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 274.71 401.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 314.98 401.10 Td (industry) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.11 401.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 380.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.36 380.10 Td (identification ) Tj ET Q q 0 0 0 rg BT 146.99 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.63 380.10 Td (suitable ) Tj ET Q q 0 0 0 rg BT 191.05 380.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 237.25 380.10 Td (candidates ) Tj ET Q q 0 0 0 rg BT 281.76 380.10 Td (can ) Tj ET Q q 0 0 0 rg BT 297.95 380.10 Td (be ) Tj ET Q q 0 0 0 rg BT 309.70 380.10 Td (dif) Tj ET Q q 0 0 0 rg BT 320.63 380.10 Td (ficult, ) Tj ET Q q 0 0 0 rg BT 346.55 380.10 Td (time-consuming ) Tj ET Q q 0 0 0 rg BT 413.85 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.60 380.10 Td (costly) Tj ET Q q 0 0 0 rg BT 453.84 380.10 Td (, ) Tj ET Q q 0 0 0 rg BT 458.65 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.41 380.10 Td (we ) Tj ET Q q 0 0 0 rg BT 489.38 380.10 Td (may ) Tj ET Q q 0 0 0 rg BT 508.91 380.10 Td (not ) Tj ET Q q 0 0 0 rg BT 524.00 380.10 Td (be ) Tj ET Q q 0 0 0 rg BT 535.75 380.10 Td (able ) Tj ET Q q 0 0 0 rg BT 554.72 380.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 88.60 368.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 138.83 368.10 Td (successfully) Tj ET Q q 0 0 0 rg BT 187.06 368.10 Td (. ) Tj ET Q q 0 0 0 rg BT 192.01 368.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 231.04 368.10 Td (, ) Tj ET Q q 0 0 0 rg BT 235.99 368.10 Td (if ) Tj ET Q q 0 0 0 rg BT 244.55 368.10 Td (such ) Tj ET Q q 0 0 0 rg BT 265.33 368.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 315.56 368.10 Td (require ) Tj ET Q q 0 0 0 rg BT 346.33 368.10 Td (us ) Tj ET Q q 0 0 0 rg BT 357.67 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.90 368.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 388.12 368.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 430.57 368.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 450.24 368.10 Td (or ) Tj ET Q q 0 0 0 rg BT 461.02 368.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 488.47 368.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 531.18 368.10 Td (we ) Tj ET Q q 0 0 0 rg BT 545.30 368.10 Td (may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (not ) Tj ET Q q 0 0 0 rg BT 64.45 356.10 Td (be ) Tj ET Q q 0 0 0 rg BT 76.05 356.10 Td (able ) Tj ET Q q 0 0 0 rg BT 94.88 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.82 356.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 131.99 356.10 Td (such ) Tj ET Q q 0 0 0 rg BT 152.48 356.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 192.42 356.10 Td (on ) Tj ET Q q 0 0 0 rg BT 204.58 356.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 228.97 356.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 268.89 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.84 356.10 Td (us ) Tj ET Q q 0 0 0 rg BT 289.90 356.10 Td (or ) Tj ET Q q 0 0 0 rg BT 300.39 356.10 Td (at ) Tj ET Q q 0 0 0 rg BT 309.78 356.10 Td (all. ) Tj ET Q q 0 0 0 rg BT 323.96 356.10 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 376.69 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.29 356.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 443.24 356.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 475.40 356.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 517.00 356.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 538.06 356.10 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.22 344.10 Td (have ) Tj ET Q q 0 0 0 rg BT 90.59 344.10 Td (a ) Tj ET Q q 0 0 0 rg BT 97.53 344.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 133.90 344.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 163.62 344.10 Td (on ) Tj ET Q q 0 0 0 rg BT 176.12 344.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.95 344.10 Td (results ) Tj ET Q q 0 0 0 rg BT 220.55 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.38 344.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 278.04 344.10 Td (including:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 323.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 323.10 Td (write-of) Tj ET Q q 0 0 0 rg BT 117.53 323.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 127.25 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.08 323.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 175.00 323.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 200.83 323.10 Td (or ) Tj ET Q q 0 0 0 rg BT 211.66 323.10 Td (investments;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 302.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 302.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 122.99 302.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.47 302.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.41 302.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 202.67 302.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 224.06 302.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 267.66 302.10 Td (with ) Tj ET Q q 0 0 0 rg BT 287.94 302.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 324.86 302.10 Td (customers;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 281.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 281.10 Td (unknown ) Tj ET Q q 0 0 0 rg BT 125.22 281.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 164.94 281.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 208.53 281.10 Td (with ) Tj ET Q q 0 0 0 rg BT 228.81 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.53 281.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 280.45 281.10 Td (businesses;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 260.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 260.10 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 141.87 260.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 180.47 260.10 Td (related ) Tj ET Q q 0 0 0 rg BT 210.17 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.45 260.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 257.37 260.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 304.30 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.24 260.10 Td (its ) Tj ET Q q 0 0 0 rg BT 333.19 260.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 379.01 260.10 Td (into ) Tj ET Q q 0 0 0 rg BT 397.07 260.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 431.23 260.10 Td (technology;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 239.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 239.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 137.44 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.39 239.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 207.44 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.29 239.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 254.69 239.10 Td (related ) Tj ET Q q 0 0 0 rg BT 284.41 239.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.70 239.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 331.64 239.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 374.15 239.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 402.50 239.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 425.56 239.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 451.41 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.36 239.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 504.18 239.10 Td (compensation; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 227.10 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 206.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 206.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 118.54 206.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 133.25 206.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 190.73 206.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.56 206.10 Td (any ) Tj ET Q q 0 0 0 rg BT 218.50 206.10 Td (such ) Tj ET Q q 0 0 0 rg BT 239.33 206.10 Td (acquisitions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 185.10 Td (Even ) Tj ET Q q 0 0 0 rg BT 97.11 185.10 Td (if ) Tj ET Q q 0 0 0 rg BT 106.29 185.10 Td (we ) Tj ET Q q 0 0 0 rg BT 121.01 185.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 172.96 185.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 212.67 185.10 Td (an ) Tj ET Q q 0 0 0 rg BT 225.18 185.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 274.63 185.10 Td (we ) Tj ET Q q 0 0 0 rg BT 289.35 185.10 Td (may ) Tj ET Q q 0 0 0 rg BT 309.64 185.10 Td (not ) Tj ET Q q 0 0 0 rg BT 325.48 185.10 Td (be ) Tj ET Q q 0 0 0 rg BT 337.99 185.10 Td (able ) Tj ET Q q 0 0 0 rg BT 357.71 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.55 185.10 Td (assimilate ) Tj ET Q q 0 0 0 rg BT 411.61 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.12 185.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 467.16 185.10 Td (ef) Tj ET Q q 0 0 0 rg BT 474.75 185.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 512.80 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.08 185.10 Td (acquired ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 88.05 173.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 143.25 173.10 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 184.03 173.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 212.01 173.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 253.05 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 263.54 173.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 309.85 173.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 358.10 173.10 Td (if ) Tj ET Q q 0 0 0 rg BT 366.37 173.10 Td (key ) Tj ET Q q 0 0 0 rg BT 382.96 173.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 424.00 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.49 173.10 Td (an ) Tj ET Q q 0 0 0 rg BT 446.08 173.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 482.66 173.10 Td (company ) Tj ET Q q 0 0 0 rg BT 521.48 173.10 Td (decide ) Tj ET Q q 0 0 0 rg BT 549.73 173.10 Td (not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.00 161.10 Td (work ) Tj ET Q q 0 0 0 rg BT 83.28 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 97.67 161.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 111.59 161.10 Td (W) Tj ET Q q 0 0 0 rg BT 120.23 161.10 Td (e ) Tj ET Q q 0 0 0 rg BT 127.39 161.10 Td (may ) Tj ET Q q 0 0 0 rg BT 147.33 161.10 Td (encounter ) Tj ET Q q 0 0 0 rg BT 189.48 161.10 Td (dif) Tj ET Q q 0 0 0 rg BT 200.41 161.10 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 229.24 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 239.75 161.10 Td (incorporating ) Tj ET Q q 0 0 0 rg BT 296.34 161.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 333.49 161.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 386.76 161.10 Td (into ) Tj ET Q q 0 0 0 rg BT 405.04 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 421.10 161.10 Td (service ) Tj ET Q q 0 0 0 rg BT 452.14 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.31 161.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 519.80 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.74 161.10 Td (quality ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 90.37 149.10 Td (that ) Tj ET Q q 0 0 0 rg BT 108.47 149.10 Td (are ) Tj ET Q q 0 0 0 rg BT 123.78 149.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 166.87 149.10 Td (with ) Tj ET Q q 0 0 0 rg BT 187.75 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 204.19 149.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 230.06 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.60 149.10 Td (reputation. ) Tj ET Q q 0 0 0 rg BT 293.74 149.10 Td (In ) Tj ET Q q 0 0 0 rg BT 305.17 149.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 343.55 149.10 Td (we ) Tj ET Q q 0 0 0 rg BT 358.31 149.10 Td (may ) Tj ET Q q 0 0 0 rg BT 378.63 149.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 401.73 149.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 422.05 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.48 149.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 461.58 149.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 502.45 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.33 149.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 553.08 149.10 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 98.38 137.10 Td (which ) Tj ET Q q 0 0 0 rg BT 125.32 137.10 Td (could ) Tj ET Q q 0 0 0 rg BT 150.04 137.10 Td (dilute ) Tj ET Q q 0 0 0 rg BT 175.31 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.14 137.10 Td (stockholders) Tj ET Q q 0 0 0 rg BT 244.28 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.78 137.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 290.94 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.87 137.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 348.69 137.10 Td (af) Tj ET Q q 0 0 0 rg BT 356.28 137.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 373.76 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.48 137.10 Td (price ) Tj ET Q q 0 0 0 rg BT 410.96 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.79 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 437.63 137.10 Td (common ) Tj ET Q q 0 0 0 rg BT 475.12 137.10 Td (stock.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (Events ) Tj ET Q q 0 0 0 rg BT 80.25 116.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 112.13 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.88 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.63 116.10 Td (extreme ) Tj ET Q q 0 0 0 rg BT 174.37 116.10 Td (turmoil ) Tj ET Q q 0 0 0 rg BT 207.91 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.23 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.98 116.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 281.29 116.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 323.15 116.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 360.03 116.10 Td (that ) Tj ET Q q 0 0 0 rg BT 379.12 116.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 418.76 116.10 Td (from ) Tj ET Q q 0 0 0 rg BT 441.73 116.10 Td (2007 ) Tj ET Q q 0 0 0 rg BT 464.71 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.46 116.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 498.44 116.10 Td (could ) Tj ET Q q 0 0 0 rg BT 524.19 116.10 Td (adversely ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.65 104.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.13 104.10 Td (our ) Tj ET Q q 0 0 0 rg BT 92.09 104.10 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 83.10 Td (From ) Tj ET Q q 0 0 0 rg BT 97.45 83.10 Td (2007 ) Tj ET Q q 0 0 0 rg BT 119.73 83.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.79 83.10 Td (2009, ) Tj ET Q q 0 0 0 rg BT 154.57 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.06 83.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 214.11 83.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 239.15 83.10 Td (market ) Tj ET Q q 0 0 0 rg BT 269.20 83.10 Td (was ) Tj ET Q q 0 0 0 rg BT 287.03 83.10 Td (severely ) Tj ET Q q 0 0 0 rg BT 322.62 83.10 Td (disrupted ) Tj ET Q q 0 0 0 rg BT 362.12 83.10 Td (by ) Tj ET Q q 0 0 0 rg BT 374.40 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.89 83.10 Td (global ) Tj ET Q q 0 0 0 rg BT 416.17 83.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 453.43 83.10 Td (crisis ) Tj ET Q q 0 0 0 rg BT 476.81 83.10 Td (due ) Tj ET Q q 0 0 0 rg BT 493.53 83.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.59 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.09 83.10 Td (precipitous ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 71.10 Td (rise ) Tj ET Q q 0 0 0 rg BT 67.54 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.47 71.10 Td (sub-prime ) Tj ET Q q 0 0 0 rg BT 123.61 71.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 164.97 71.10 Td (delinquencies ) Tj ET Q q 0 0 0 rg BT 223.55 71.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.59 71.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 280.18 71.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 309.88 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.80 71.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 363.17 71.10 Td (backed ) Tj ET Q q 0 0 0 rg BT 395.08 71.10 Td (by ) Tj ET Q q 0 0 0 rg BT 408.68 71.10 Td (mortgages, ) Tj ET Q q 0 0 0 rg BT 456.43 71.10 Td (including ) Tj ET Q q 0 0 0 rg BT 497.81 71.10 Td (these ) Tj ET Q q 0 0 0 rg BT 521.95 71.10 Td (sub-prime ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 59.10 Td (mortgages. ) Tj ET Q q 0 0 0 rg BT 95.70 59.10 Td (This ) Tj ET Q q 0 0 0 rg BT 115.68 59.10 Td (crisis ) Tj ET Q q 0 0 0 rg BT 138.99 59.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 172.85 59.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.83 59.10 Td (extreme ) Tj ET Q q 0 0 0 rg BT 217.24 59.10 Td (turmoil ) Tj ET Q q 0 0 0 rg BT 248.89 59.10 Td (in ) Tj ET Q q 0 0 0 rg BT 258.87 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.29 59.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 317.14 59.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 357.11 59.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 392.09 59.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.73 59.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 438.15 59.10 Td (many ) Tj ET Q q 0 0 0 rg BT 462.57 59.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 502.53 59.10 Td (originators) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12156862745098039 0.28627450980392155 0.49019607843137253 rg BT 545.86 59.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 548.06 59.10 Td (and ) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (other ) Tj ET Q q 0 0 0 rg BT 72.31 740.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 112.33 740.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 147.36 740.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 196.27 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.31 740.10 Td (go ) Tj ET Q q 0 0 0 rg BT 218.57 740.10 Td (out ) Tj ET Q q 0 0 0 rg BT 233.60 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.19 740.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 282.84 740.10 Td (If ) Tj ET Q q 0 0 0 rg BT 291.76 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.24 740.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 350.14 740.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 390.17 740.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 425.20 740.10 Td (were ) Tj ET Q q 0 0 0 rg BT 446.89 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.93 740.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 502.49 740.10 Td (another ) Tj ET Q q 0 0 0 rg BT 534.73 740.10 Td (similar ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (disruptive ) Tj ET Q q 0 0 0 rg BT 92.00 728.10 Td (event, ) Tj ET Q q 0 0 0 rg BT 118.65 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 134.48 728.10 Td (business ) Tj ET Q q 0 0 0 rg BT 170.87 728.10 Td (could ) Tj ET Q q 0 0 0 rg BT 195.59 728.10 Td (be ) Tj ET Q q 0 0 0 rg BT 207.53 728.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 250.56 728.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 291.38 728.10 Td (af) Tj ET Q q 0 0 0 rg BT 298.97 728.10 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 707.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.43 707.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 114.60 707.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 156.31 707.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 193.04 707.10 Td (is ) Tj ET Q q 0 0 0 rg BT 202.53 707.10 Td (heavily ) Tj ET Q q 0 0 0 rg BT 234.79 707.10 Td (regulated ) Tj ET Q q 0 0 0 rg BT 276.50 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.89 707.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 331.61 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.78 707.10 Td (current ) Tj ET Q q 0 0 0 rg BT 376.16 707.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 421.77 707.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.49 707.10 Td (new ) Tj ET Q q 0 0 0 rg BT 452.99 707.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 498.60 707.10 Td (could ) Tj ET Q q 0 0 0 rg BT 524.20 707.10 Td (adversely ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.65 695.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.13 695.10 Td (our ) Tj ET Q q 0 0 0 rg BT 92.09 695.10 Td (business.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 54.00 674.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 91.50 674.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.78 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.50 674.10 Td (r) Tj ET Q q 0 0 0 rg BT 120.02 674.10 Td (egulations ) Tj ET Q q 0 0 0 rg BT 164.18 674.10 Td (that ) Tj ET Q q 0 0 0 rg BT 182.24 674.10 Td (govern ) Tj ET Q q 0 0 0 rg BT 212.51 674.10 Td (our ) Tj ET Q q 0 0 0 rg BT 228.90 674.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 271.95 674.10 Td (could ) Tj ET Q q 0 0 0 rg BT 296.67 674.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 337.48 674.10 Td (affect ) Tj ET Q q 0 0 0 rg BT 362.19 674.10 Td (our ) Tj ET Q q 0 0 0 rg BT 378.58 674.10 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 653.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.94 653.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 110.62 653.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 150.28 653.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 184.95 653.10 Td (is ) Tj ET Q q 0 0 0 rg BT 193.51 653.10 Td (heavily ) Tj ET Q q 0 0 0 rg BT 224.84 653.10 Td (regulated. ) Tj ET Q q 0 0 0 rg BT 266.44 653.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 298.32 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.65 653.10 Td (state ) Tj ET Q q 0 0 0 rg BT 334.87 653.10 Td (governments ) Tj ET Q q 0 0 0 rg BT 388.42 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.75 653.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 441.07 653.10 Td (could ) Tj ET Q q 0 0 0 rg BT 465.18 653.10 Td (enact ) Tj ET Q q 0 0 0 rg BT 488.17 653.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 531.73 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.95 653.10 Td (other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 82.67 641.10 Td (that ) Tj ET Q q 0 0 0 rg BT 99.73 641.10 Td (could ) Tj ET Q q 0 0 0 rg BT 124.02 641.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 167.74 641.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 197.02 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.30 641.10 Td (business ) Tj ET Q q 0 0 0 rg BT 247.26 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.66 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.06 641.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 320.67 641.10 Td (users ) Tj ET Q q 0 0 0 rg BT 343.29 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.80 641.10 Td (other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.41 641.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 403.36 641.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 423.20 641.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.19 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.26 641.10 Td (participants. ) Tj ET Q q 0 0 0 rg BT 511.02 641.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 530.31 641.10 Td (changes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.20 629.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 92.78 629.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 113.03 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.28 629.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 169.63 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 179.88 629.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 216.79 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.04 629.10 Td (new ) Tj ET Q q 0 0 0 rg BT 245.62 629.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 265.87 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 276.12 629.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 322.47 629.10 Td (that ) Tj ET Q q 0 0 0 rg BT 339.39 629.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 374.06 629.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 420.41 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 432.33 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.47 629.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 490.04 629.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 529.72 629.10 Td (industry ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (may ) Tj ET Q q 0 0 0 rg BT 68.25 617.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 104.20 617.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 147.39 617.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 186.68 617.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 218.21 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 228.08 617.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 268.49 617.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 288.92 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.67 617.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 329.75 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.62 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 354.48 617.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 401.56 617.10 Td (users ) Tj ET Q q 0 0 0 rg BT 423.65 617.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.62 617.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 460.04 617.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 479.34 617.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.33 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 515.87 617.10 Td (participants ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 605.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 91.70 605.10 Td (their ) Tj ET Q q 0 0 0 rg BT 112.53 605.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 159.75 605.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 197.24 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.52 605.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 249.44 605.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 274.71 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.54 605.10 Td (our ) Tj ET Q q 0 0 0 rg BT 301.37 605.10 Td (solutions.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 54.00 584.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 91.50 584.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.78 584.10 Td (curr) Tj ET Q q 0 0 0 rg BT 118.63 584.10 Td (ent ) Tj ET Q q 0 0 0 rg BT 133.35 584.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 178.07 584.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.46 584.10 Td (new ) Tj ET Q q 0 0 0 rg BT 208.07 584.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 252.79 584.10 Td (may ) Tj ET Q q 0 0 0 rg BT 271.95 584.10 Td (incr) Tj ET Q q 0 0 0 rg BT 287.69 584.10 Td (ease ) Tj ET Q q 0 0 0 rg BT 307.96 584.10 Td (our ) Tj ET Q q 0 0 0 rg BT 324.35 584.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 346.85 584.10 Td (by ) Tj ET Q q 0 0 0 rg BT 358.79 584.10 Td (r) Tj ET Q q 0 0 0 rg BT 362.31 584.10 Td (equiring ) Tj ET Q q 0 0 0 rg BT 398.69 584.10 Td (us ) Tj ET Q q 0 0 0 rg BT 410.08 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.36 584.10 Td (update ) Tj ET Q q 0 0 0 rg BT 450.08 584.10 Td (our ) Tj ET Q q 0 0 0 rg BT 466.47 584.10 Td (pr) Tj ET Q q 0 0 0 rg BT 474.99 584.10 Td (oducts ) Tj ET Q q 0 0 0 rg BT 503.60 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.10 584.10 Td (services.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 563.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 110.27 563.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.37 563.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 154.37 563.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 175.02 563.10 Td (or ) Tj ET Q q 0 0 0 rg BT 185.68 563.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 232.44 563.10 Td (or ) Tj ET Q q 0 0 0 rg BT 243.10 563.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 280.43 563.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.08 563.10 Td (new ) Tj ET Q q 0 0 0 rg BT 310.07 563.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 330.73 563.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.39 563.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 388.15 563.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 421.02 563.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.13 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.67 563.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 489.65 563.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 529.74 563.10 Td (industry ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 551.10 Td (could ) Tj ET Q q 0 0 0 rg BT 75.12 551.10 Td (require ) Tj ET Q q 0 0 0 rg BT 106.84 551.10 Td (us ) Tj ET Q q 0 0 0 rg BT 119.14 551.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.32 551.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 154.27 551.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 199.89 551.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 223.29 551.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.48 551.10 Td (update ) Tj ET Q q 0 0 0 rg BT 264.54 551.10 Td (our ) Tj ET Q q 0 0 0 rg BT 281.27 551.10 Td (products ) Tj ET Q q 0 0 0 rg BT 319.12 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.96 551.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 375.07 551.10 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.03 551.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 442.98 551.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 494.70 551.10 Td (Service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.69 551.10 Td ( ) Tj ET Q q 0 0 0 rg BT 528.09 551.10 Td (analyzes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 90.47 539.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 110.90 539.10 Td (data ) Tj ET Q q 0 0 0 rg BT 130.76 539.10 Td (for ) Tj ET Q q 0 0 0 rg BT 145.63 539.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 194.93 539.10 Td (with ) Tj ET Q q 0 0 0 rg BT 215.92 539.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 258.01 539.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 301.76 539.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 323.30 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.95 539.10 Td (institutionally ) Tj ET Q q 0 0 0 rg BT 399.71 539.10 Td (mandated ) Tj ET Q q 0 0 0 rg BT 441.79 539.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 491.09 539.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 525.40 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.05 539.10 Td (must ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 527.10 Td (continually ) Tj ET Q q 0 0 0 rg BT 97.55 527.10 Td (be ) Tj ET Q q 0 0 0 rg BT 110.06 527.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 144.78 527.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.62 527.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 204.21 527.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 239.49 527.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.33 527.10 Td (such ) Tj ET Q q 0 0 0 rg BT 271.72 527.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 293.12 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.62 527.10 Td (policies. ) Tj ET Q q 0 0 0 rg BT 347.06 527.10 Td (The ) Tj ET Q q 0 0 0 rg BT 365.68 527.10 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 416.94 527.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 434.45 527.10 Td (has ) Tj ET Q q 0 0 0 rg BT 450.84 527.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 481.11 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.61 527.10 Td (will ) Tj ET Q q 0 0 0 rg BT 517.24 527.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 554.73 527.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 515.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 73.81 515.10 Td (us ) Tj ET Q q 0 0 0 rg BT 84.80 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.68 515.10 Td (make ) Tj ET Q q 0 0 0 rg BT 118.43 515.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 148.30 515.10 Td (updates ) Tj ET Q q 0 0 0 rg BT 180.95 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.83 515.10 Td (Encompass, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.97 515.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 288.62 515.10 Td (Product ) Tj ET Q q 0 0 0 rg BT 321.83 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.37 515.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 369.35 515.10 Td (Service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.34 515.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.94 515.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 451.58 515.10 Td (Docs ) Tj ET Q q 0 0 0 rg BT 474.24 515.10 Td (Solution) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.13 515.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.58 515.10 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 515.10 Td ( ) Tj ET Q q 0 0 0 rg BT 533.75 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 515.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 503.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 69.75 503.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 88.89 503.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.88 503.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.25 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.40 503.10 Td (address, ) Tj ET Q q 0 0 0 rg BT 168.26 503.10 Td (among ) Tj ET Q q 0 0 0 rg BT 196.84 503.10 Td (other ) Tj ET Q q 0 0 0 rg BT 218.76 503.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 247.08 503.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 292.88 503.10 Td (that ) Tj ET Q q 0 0 0 rg BT 309.25 503.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 338.38 503.10 Td (consumers ) Tj ET Q q 0 0 0 rg BT 382.52 503.10 Td (against ) Tj ET Q q 0 0 0 rg BT 412.21 503.10 Td (unfair) Tj ET Q q 0 0 0 rg BT 435.69 503.10 Td (, ) Tj ET Q q 0 0 0 rg BT 439.56 503.10 Td (deceptive ) Tj ET Q q 0 0 0 rg BT 479.24 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.05 503.10 Td (abusive ) Tj ET Q q 0 0 0 rg BT 526.96 503.10 Td (practices ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 491.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.28 491.10 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 96.43 491.10 Td (For ) Tj ET Q q 0 0 0 rg BT 113.10 491.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 152.25 491.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 195.02 491.10 Td (tools ) Tj ET Q q 0 0 0 rg BT 217.25 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.47 491.10 Td (product ) Tj ET Q q 0 0 0 rg BT 267.79 491.10 Td (updates ) Tj ET Q q 0 0 0 rg BT 301.12 491.10 Td (were ) Tj ET Q q 0 0 0 rg BT 323.32 491.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 358.30 491.10 Td (required ) Tj ET Q q 0 0 0 rg BT 394.40 491.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.95 491.10 Td (address ) Tj ET Q q 0 0 0 rg BT 437.72 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.10 491.10 Td (Ability-to-Repay) Tj ET Q q 0 0 0 rg BT 519.78 491.10 Td (, ) Tj ET Q q 0 0 0 rg BT 525.05 491.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.55 491.10 Td (A) Tj ET Q q 0 0 0 rg BT 541.66 491.10 Td (TR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.44 491.10 Td (, ) Tj ET Q q 0 0 0 rg BT 559.72 491.10 Td (/ ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 479.10 Td (Qualified ) Tj ET Q q 0 0 0 rg BT 89.89 479.10 Td (Mortgage, ) Tj ET Q q 0 0 0 rg BT 133.89 479.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.85 479.10 Td (QM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.96 479.10 Td (, ) Tj ET Q q 0 0 0 rg BT 166.09 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.16 479.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 215.77 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.83 479.10 Td (State ) Tj ET Q q 0 0 0 rg BT 255.46 479.10 Td (High ) Tj ET Q q 0 0 0 rg BT 278.08 479.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 299.05 479.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 321.12 479.10 Td (ef) Tj ET Q q 0 0 0 rg BT 328.70 479.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 358.53 479.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.94 479.10 Td (January ) Tj ET Q q 0 0 0 rg BT 402.66 479.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 427.60 479.10 Td (These ) Tj ET Q q 0 0 0 rg BT 454.10 479.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 493.40 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.46 479.10 Td (updates ) Tj ET Q q 0 0 0 rg BT 543.64 479.10 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 467.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 79.21 467.10 Td (us ) Tj ET Q q 0 0 0 rg BT 90.60 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.88 467.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 123.92 467.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 168.64 467.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 205.84 467.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.78 467.10 Td (future ) Tj ET Q q 0 0 0 rg BT 249.16 467.10 Td (updates ) Tj ET Q q 0 0 0 rg BT 282.21 467.10 Td (will ) Tj ET Q q 0 0 0 rg BT 300.26 467.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 325.54 467.10 Td (similarly ) Tj ET Q q 0 0 0 rg BT 363.59 467.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 388.29 467.10 Td (us ) Tj ET Q q 0 0 0 rg BT 399.69 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.96 467.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 433.01 467.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 477.72 467.10 Td (expense.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 446.10 Td (Potential ) Tj ET Q q 0 0 0 rg BT 89.11 446.10 Td (structural ) Tj ET Q q 0 0 0 rg BT 132.07 446.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 168.35 446.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.08 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.25 446.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 214.43 446.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 260.15 446.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 301.43 446.10 Td (industry) Tj ET Q q 0 0 0 rg BT 334.96 446.10 Td (, ) Tj ET Q q 0 0 0 rg BT 339.85 446.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.58 446.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 394.09 446.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 418.71 446.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.88 446.10 Td (diminish ) Tj ET Q q 0 0 0 rg BT 467.40 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.56 446.10 Td (role ) Tj ET Q q 0 0 0 rg BT 501.06 446.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.78 446.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 544.18 446.10 Td (Mae ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 434.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.56 434.10 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 102.28 434.10 Td (Mac, ) Tj ET Q q 0 0 0 rg BT 125.61 434.10 Td (could ) Tj ET Q q 0 0 0 rg BT 150.89 434.10 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 182.29 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.57 434.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 243.40 434.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 284.79 434.10 Td (market ) Tj ET Q q 0 0 0 rg BT 316.17 434.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.24 434.10 Td (have ) Tj ET Q q 0 0 0 rg BT 356.17 434.10 Td (a ) Tj ET Q q 0 0 0 rg BT 363.67 434.10 Td (material ) Tj ET Q q 0 0 0 rg BT 400.62 434.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 434.22 434.10 Td (ef) Tj ET Q q 0 0 0 rg BT 441.80 434.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 459.29 434.10 Td (on ) Tj ET Q q 0 0 0 rg BT 472.35 434.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.30 434.10 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 413.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 102.95 413.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 122.95 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.63 413.10 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 172.41 413.10 Td (Mac ) Tj ET Q q 0 0 0 rg BT 192.41 413.10 Td (play ) Tj ET Q q 0 0 0 rg BT 211.86 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 218.53 413.10 Td (very ) Tj ET Q q 0 0 0 rg BT 238.53 413.10 Td (important ) Tj ET Q q 0 0 0 rg BT 279.65 413.10 Td (role ) Tj ET Q q 0 0 0 rg BT 297.43 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.44 413.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 348.56 413.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 381.81 413.10 Td (, ) Tj ET Q q 0 0 0 rg BT 386.54 413.10 Td (stability ) Tj ET Q q 0 0 0 rg BT 421.00 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.67 413.10 Td (af) Tj ET Q q 0 0 0 rg BT 445.26 413.10 Td (fordability ) Tj ET Q q 0 0 0 rg BT 489.70 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.71 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.16 413.10 Td (current ) Tj ET Q q 0 0 0 rg BT 544.71 413.10 Td (U.S. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 93.77 401.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 134.16 401.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 167.04 401.10 Td (In ) Tj ET Q q 0 0 0 rg BT 177.99 401.10 Td (particular) Tj ET Q q 0 0 0 rg BT 215.90 401.10 Td (, ) Tj ET Q q 0 0 0 rg BT 221.02 401.10 Td (they ) Tj ET Q q 0 0 0 rg BT 240.86 401.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 285.68 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 296.08 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.92 401.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 354.08 401.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 394.46 401.10 Td (market ) Tj ET Q q 0 0 0 rg BT 424.84 401.10 Td (by ) Tj ET Q q 0 0 0 rg BT 437.47 401.10 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 483.96 401.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 524.35 401.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 548.08 401.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (mortgage-related ) Tj ET Q q 0 0 0 rg BT 120.55 389.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 161.07 389.10 Td (for ) Tj ET Q q 0 0 0 rg BT 175.48 389.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 222.12 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.31 389.10 Td (by ) Tj ET Q q 0 0 0 rg BT 252.06 389.10 Td (issuing ) Tj ET Q q 0 0 0 rg BT 283.16 389.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 329.77 389.10 Td (mortgage-related ) Tj ET Q q 0 0 0 rg BT 400.82 389.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 443.84 389.10 Td (In ) Tj ET Q q 0 0 0 rg BT 454.92 389.10 Td (February ) Tj ET Q q 0 0 0 rg BT 493.78 389.10 Td (201) Tj ET Q q 0 0 0 rg BT 508.41 389.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 518.66 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.63 389.10 Td (Obama ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 109.94 377.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 149.82 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 156.93 377.10 Td (report ) Tj ET Q q 0 0 0 rg BT 183.48 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.93 377.10 Td (Congress ) Tj ET Q q 0 0 0 rg BT 233.83 377.10 Td (which ) Tj ET Q q 0 0 0 rg BT 260.94 377.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 300.27 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.16 377.10 Td (winding ) Tj ET Q q 0 0 0 rg BT 350.61 377.10 Td (down ) Tj ET Q q 0 0 0 rg BT 375.51 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.51 377.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 416.40 377.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 436.84 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.96 377.10 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 487.18 377.10 Td (Mac ) Tj ET Q q 0 0 0 rg BT 507.62 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.73 377.10 Td (shrinking ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.44 365.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 94.92 365.10 Td (government) Tj ET Q q 0 0 0 rg BT 145.47 365.10 Td (s ) Tj ET Q q 0 0 0 rg BT 152.09 365.10 Td (role ) Tj ET Q q 0 0 0 rg BT 170.36 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.86 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.81 365.10 Td (housing ) Tj ET Q q 0 0 0 rg BT 230.21 365.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 263.00 365.10 Td (This ) Tj ET Q q 0 0 0 rg BT 283.50 365.10 Td (proposal ) Tj ET Q q 0 0 0 rg BT 320.67 365.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 356.72 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.67 365.10 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 419.38 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.44 365.10 Td (government ) Tj ET Q q 0 0 0 rg BT 480.93 365.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 526.41 365.10 Td (currently ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (available ) Tj ET Q q 0 0 0 rg BT 88.21 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 102.49 353.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 132.32 353.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 176.59 353.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 200.32 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.38 353.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 261.10 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.94 353.10 Td (down ) Tj ET Q q 0 0 0 rg BT 300.78 353.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 337.83 353.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 392.66 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 406.94 353.10 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 452.61 353.10 Td (both ) Tj ET Q q 0 0 0 rg BT 473.01 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.96 353.10 Td (which ) Tj ET Q q 0 0 0 rg BT 511.02 353.10 Td (could ) Tj ET Q q 0 0 0 rg BT 535.86 353.10 Td (reduce ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.97 341.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 122.67 341.10 Td (volume. ) Tj ET Q q 0 0 0 rg BT 157.87 341.10 Td (In ) Tj ET Q q 0 0 0 rg BT 168.91 341.10 Td (February ) Tj ET Q q 0 0 0 rg BT 207.72 341.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 232.92 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.85 341.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 280.54 341.10 Td (Housing ) Tj ET Q q 0 0 0 rg BT 317.14 341.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 350.90 341.10 Td (Agency ) Tj ET Q q 0 0 0 rg BT 384.70 341.10 Td (sent ) Tj ET Q q 0 0 0 rg BT 403.52 341.10 Td (Congress ) Tj ET Q q 0 0 0 rg BT 443.45 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.59 341.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 487.17 341.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 507.09 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.58 341.10 Td (wind ) Tj ET Q q 0 0 0 rg BT 540.29 341.10 Td (down ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 79.25 329.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 99.55 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.52 329.10 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 149.59 329.10 Td (Mac ) Tj ET Q q 0 0 0 rg BT 169.89 329.10 Td (over ) Tj ET Q q 0 0 0 rg BT 190.19 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.94 329.10 Td (next ) Tj ET Q q 0 0 0 rg BT 224.69 329.10 Td (several ) Tj ET Q q 0 0 0 rg BT 255.53 329.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 281.48 329.10 Td (This ) Tj ET Q q 0 0 0 rg BT 301.79 329.10 Td (proposal ) Tj ET Q q 0 0 0 rg BT 338.76 329.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 374.61 329.10 Td (building ) Tj ET Q q 0 0 0 rg BT 410.48 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 417.45 329.10 Td (new ) Tj ET Q q 0 0 0 rg BT 436.64 329.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 493.03 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 507.22 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.97 329.10 Td (secondary ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.33 317.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 121.65 317.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 166.49 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.33 317.10 Td (shrink ) Tj ET Q q 0 0 0 rg BT 203.39 317.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 232.67 317.10 Td (Mae) Tj ET Q q 0 0 0 rg BT 253.22 317.10 Td (s ) Tj ET Q q 0 0 0 rg BT 259.18 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.68 317.10 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 308.29 317.10 Td (Mac) Tj ET Q q 0 0 0 rg BT 328.83 317.10 Td (s ) Tj ET Q q 0 0 0 rg BT 334.79 317.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 378.51 317.10 Td (by ) Tj ET Q q 0 0 0 rg BT 390.57 317.10 Td (eliminating ) Tj ET Q q 0 0 0 rg BT 438.18 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.46 317.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 477.29 317.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 510.46 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.85 317.10 Td (mortgages ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.59 305.10 Td (shifting ) Tj ET Q q 0 0 0 rg BT 99.80 305.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 140.21 305.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 165.63 305.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 183.28 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.71 305.10 Td (private ) Tj ET Q q 0 0 0 rg BT 224.12 305.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 262.88 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.97 305.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 330.39 305.10 Td (foreclosure ) Tj ET Q q 0 0 0 rg BT 378.02 305.10 Td (prevention ) Tj ET Q q 0 0 0 rg BT 423.44 305.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 462.19 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.28 305.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 504.69 305.10 Td (availability) Tj ET Q q 0 0 0 rg BT 549.03 305.10 Td (. ) Tj ET Q q 0 0 0 rg BT 554.18 305.10 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (August ) Tj ET Q q 0 0 0 rg BT 81.88 293.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 107.87 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.57 293.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 144.84 293.10 Td (Department ) Tj ET Q q 0 0 0 rg BT 195.53 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.35 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.80 293.10 Td (T) Tj ET Q q 0 0 0 rg BT 228.56 293.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 261.48 293.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 308.28 293.10 Td (it ) Tj ET Q q 0 0 0 rg BT 317.32 293.10 Td (would ) Tj ET Q q 0 0 0 rg BT 345.81 293.10 Td (require ) Tj ET Q q 0 0 0 rg BT 377.61 293.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 408.32 293.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 429.58 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.50 293.10 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 481.54 293.10 Td (Mac ) Tj ET Q q 0 0 0 rg BT 502.79 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.06 293.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 544.19 293.10 Td (their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.75 281.10 Td (portfolios ) Tj ET Q q 0 0 0 rg BT 139.00 281.10 Td (more ) Tj ET Q q 0 0 0 rg BT 162.92 281.10 Td (quickly) Tj ET Q q 0 0 0 rg BT 192.27 281.10 Td (, ) Tj ET Q q 0 0 0 rg BT 198.13 281.10 Td (at ) Tj ET Q q 0 0 0 rg BT 208.72 281.10 Td (an ) Tj ET Q q 0 0 0 rg BT 221.53 281.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 251.55 281.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 269.90 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.60 281.10 Td (15% ) Tj ET Q q 0 0 0 rg BT 303.30 281.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 332.22 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.80 281.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 385.61 281.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 403.96 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.66 281.10 Td (10%. ) Tj ET Q q 0 0 0 rg BT 439.86 281.10 Td (In ) Tj ET Q q 0 0 0 rg BT 451.56 281.10 Td (June ) Tj ET Q q 0 0 0 rg BT 473.26 281.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 499.13 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.71 281.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 535.86 281.10 Td (Senate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (introduced ) Tj ET Q q 0 0 0 rg BT 95.53 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.24 269.10 Td (bill ) Tj ET Q q 0 0 0 rg BT 119.84 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.88 269.10 Td (wind ) Tj ET Q q 0 0 0 rg BT 154.15 269.10 Td (down ) Tj ET Q q 0 0 0 rg BT 179.64 269.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 210.12 269.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 231.16 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.86 269.10 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 282.67 269.10 Td (Mac ) Tj ET Q q 0 0 0 rg BT 303.71 269.10 Td (over ) Tj ET Q q 0 0 0 rg BT 324.74 269.10 Td (five ) Tj ET Q q 0 0 0 rg BT 343.56 269.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 370.19 269.10 Td (This ) Tj ET Q q 0 0 0 rg BT 391.23 269.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 436.16 269.10 Td (would ) Tj ET Q q 0 0 0 rg BT 464.43 269.10 Td (replace ) Tj ET Q q 0 0 0 rg BT 496.55 269.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 527.04 269.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 548.07 269.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 83.32 257.10 Td (Mac ) Tj ET Q q 0 0 0 rg BT 104.36 257.10 Td (with ) Tj ET Q q 0 0 0 rg BT 125.42 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.13 257.10 Td (new ) Tj ET Q q 0 0 0 rg BT 153.06 257.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 186.32 257.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 228.47 257.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 270.61 257.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 322.21 257.10 Td (that ) Tj ET Q q 0 0 0 rg BT 340.48 257.10 Td (would ) Tj ET Q q 0 0 0 rg BT 368.76 257.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 406.46 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.52 257.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 459.65 257.10 Td (mortgages, ) Tj ET Q q 0 0 0 rg BT 507.08 257.10 Td (but ) Tj ET Q q 0 0 0 rg BT 523.13 257.10 Td (only ) Tj ET Q q 0 0 0 rg BT 544.19 257.10 Td (after ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (private ) Tj ET Q q 0 0 0 rg BT 79.59 245.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 108.56 245.10 Td (absorbs ) Tj ET Q q 0 0 0 rg BT 141.44 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.98 245.10 Td (first ) Tj ET Q q 0 0 0 rg BT 174.41 245.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 195.06 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.71 245.10 Td (any ) Tj ET Q q 0 0 0 rg BT 222.48 245.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 251.19 245.10 Td (In ) Tj ET Q q 0 0 0 rg BT 261.84 245.10 Td (July ) Tj ET Q q 0 0 0 rg BT 280.84 245.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 305.66 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.20 245.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 340.31 245.10 Td (House ) Tj ET Q q 0 0 0 rg BT 368.18 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.83 245.10 Td (Representatives ) Tj ET Q q 0 0 0 rg BT 444.47 245.10 Td (also ) Tj ET Q q 0 0 0 rg BT 462.90 245.10 Td (unveiled ) Tj ET Q q 0 0 0 rg BT 499.66 245.10 Td (draft ) Tj ET Q q 0 0 0 rg BT 520.86 245.10 Td (legislation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.59 233.10 Td (similarly ) Tj ET Q q 0 0 0 rg BT 97.44 233.10 Td (wind ) Tj ET Q q 0 0 0 rg BT 119.75 233.10 Td (down ) Tj ET Q q 0 0 0 rg BT 144.28 233.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 173.80 233.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 193.88 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.63 233.10 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 243.48 233.10 Td (Mac ) Tj ET Q q 0 0 0 rg BT 263.56 233.10 Td (over ) Tj ET Q q 0 0 0 rg BT 283.63 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 290.38 233.10 Td (five ) Tj ET Q q 0 0 0 rg BT 308.23 233.10 Td (year ) Tj ET Q q 0 0 0 rg BT 327.74 233.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 357.93 233.10 Td (The ) Tj ET Q q 0 0 0 rg BT 375.79 233.10 Td (ef) Tj ET Q q 0 0 0 rg BT 383.37 233.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 404.56 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.20 233.10 Td (these ) Tj ET Q q 0 0 0 rg BT 438.05 233.10 Td (proposals, ) Tj ET Q q 0 0 0 rg BT 481.19 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.71 233.10 Td (passage ) Tj ET Q q 0 0 0 rg BT 529.12 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.75 233.10 Td (either ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.60 221.10 Td (these ) Tj ET Q q 0 0 0 rg BT 81.92 221.10 Td (bills ) Tj ET Q q 0 0 0 rg BT 100.92 221.10 Td (into ) Tj ET Q q 0 0 0 rg BT 118.25 221.10 Td (law ) Tj ET Q q 0 0 0 rg BT 134.46 221.10 Td (or ) Tj ET Q q 0 0 0 rg BT 144.56 221.10 Td (any ) Tj ET Q q 0 0 0 rg BT 160.77 221.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 204.76 221.10 Td (structural ) Tj ET Q q 0 0 0 rg BT 244.29 221.10 Td (change ) Tj ET Q q 0 0 0 rg BT 274.38 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.93 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.92 221.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 317.48 221.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 360.90 221.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 400.44 221.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 434.99 221.10 Td (may ) Tj ET Q q 0 0 0 rg BT 453.98 221.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 477.96 221.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 521.94 221.10 Td (disruption ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.17 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.29 209.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 116.83 209.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 156.49 209.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 188.65 209.10 Td (If ) Tj ET Q q 0 0 0 rg BT 197.21 209.10 Td (we ) Tj ET Q q 0 0 0 rg BT 210.77 209.10 Td (are ) Tj ET Q q 0 0 0 rg BT 224.87 209.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 253.42 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.09 209.10 Td (react ) Tj ET Q q 0 0 0 rg BT 284.41 209.10 Td (ef) Tj ET Q q 0 0 0 rg BT 292.00 209.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 328.88 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.21 209.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 377.10 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.78 209.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 420.88 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.56 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.67 209.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 488.21 209.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 527.87 209.10 Td (industry) Tj ET Q q 0 0 0 rg BT 560.00 209.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 197.10 Td (business ) Tj ET Q q 0 0 0 rg BT 101.72 197.10 Td (could ) Tj ET Q q 0 0 0 rg BT 126.44 197.10 Td (be ) Tj ET Q q 0 0 0 rg BT 138.38 197.10 Td (harmed.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 176.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 176.10 Td (e ) Tj ET Q q 0 0 0 rg BT 64.94 176.10 Td (may ) Tj ET Q q 0 0 0 rg BT 85.01 176.10 Td (be ) Tj ET Q q 0 0 0 rg BT 97.29 176.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 128.48 176.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.67 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.29 176.10 Td (way ) Tj ET Q q 0 0 0 rg BT 174.25 176.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.44 176.10 Td (which ) Tj ET Q q 0 0 0 rg BT 213.30 176.10 Td (we ) Tj ET Q q 0 0 0 rg BT 227.26 176.10 Td (market ) Tj ET Q q 0 0 0 rg BT 259.00 176.10 Td (our ) Tj ET Q q 0 0 0 rg BT 276.30 176.10 Td (business ) Tj ET Q q 0 0 0 rg BT 314.17 176.10 Td (or ) Tj ET Q q 0 0 0 rg BT 325.91 176.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 364.31 176.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 399.93 176.10 Td (by ) Tj ET Q q 0 0 0 rg BT 412.22 176.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 432.85 176.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 464.58 176.10 Td (law ) Tj ET Q q 0 0 0 rg BT 481.88 176.10 Td (prohibiting ) Tj ET Q q 0 0 0 rg BT 530.86 176.10 Td (referral ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 68.10 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 78.94 164.10 Td (real ) Tj ET Q q 0 0 0 rg BT 97.55 164.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 123.37 164.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 178.94 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.00 164.10 Td (if ) Tj ET Q q 0 0 0 rg BT 205.61 164.10 Td (we ) Tj ET Q q 0 0 0 rg BT 219.22 164.10 Td (are ) Tj ET Q q 0 0 0 rg BT 235.05 164.10 Td (found ) Tj ET Q q 0 0 0 rg BT 262.00 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.28 164.10 Td (be ) Tj ET Q q 0 0 0 rg BT 284.22 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.06 164.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 333.67 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.50 164.10 Td (such ) Tj ET Q q 0 0 0 rg BT 366.46 164.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 387.30 164.10 Td (we ) Tj ET Q q 0 0 0 rg BT 400.91 164.10 Td (would ) Tj ET Q q 0 0 0 rg BT 428.42 164.10 Td (be ) Tj ET Q q 0 0 0 rg BT 440.35 164.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 471.74 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.02 164.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 528.42 164.10 Td (liability) Tj ET Q q 0 0 0 rg BT 559.15 164.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 143.10 Td (RESP) Tj ET Q q 0 0 0 rg BT 96.48 143.10 Td (A) Tj ET Q q 0 0 0 rg BT 103.15 143.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.80 143.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 145.65 143.10 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 183.86 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.72 143.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 235.81 143.10 Td (or ) Tj ET Q q 0 0 0 rg BT 246.79 143.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 276.64 143.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.62 143.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 306.36 143.10 Td (or ) Tj ET Q q 0 0 0 rg BT 317.34 143.10 Td (any ) Tj ET Q q 0 0 0 rg BT 334.43 143.10 Td (other ) Tj ET Q q 0 0 0 rg BT 357.63 143.10 Td (thing ) Tj ET Q q 0 0 0 rg BT 380.83 143.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.81 143.10 Td (value ) Tj ET Q q 0 0 0 rg BT 416.11 143.10 Td (for ) Tj ET Q q 0 0 0 rg BT 430.42 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.29 143.10 Td (referral ) Tj ET Q q 0 0 0 rg BT 477.35 143.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.33 143.10 Td (business ) Tj ET Q q 0 0 0 rg BT 524.87 143.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.72 143.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 131.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.65 131.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 101.02 131.10 Td (real ) Tj ET Q q 0 0 0 rg BT 118.72 131.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 144.20 131.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 188.01 131.10 Td (service ) Tj ET Q q 0 0 0 rg BT 219.04 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.19 131.10 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 274.47 131.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 289.39 131.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 317.09 131.10 Td (or ) Tj ET Q q 0 0 0 rg BT 328.14 131.10 Td (splits ) Tj ET Q q 0 0 0 rg BT 351.97 131.10 Td (or ) Tj ET Q q 0 0 0 rg BT 363.02 131.10 Td (unearned ) Tj ET Q q 0 0 0 rg BT 402.38 131.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 421.19 131.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.68 131.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 478.27 131.10 Td (with ) Tj ET Q q 0 0 0 rg BT 498.76 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.69 131.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 554.19 131.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 119.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.83 119.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 108.54 119.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 157.08 119.10 Td (software ) Tj ET Q q 0 0 0 rg BT 194.51 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.95 119.10 Td (services ) Tj ET Q q 0 0 0 rg BT 247.16 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.59 119.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.81 119.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 301.69 119.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 322.46 119.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.45 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.45 119.10 Td (were ) Tj ET Q q 0 0 0 rg BT 382.88 119.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 421.42 119.10 Td (with ) Tj ET Q q 0 0 0 rg BT 442.20 119.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 479.63 119.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 516.52 119.10 Td (that ) Tj ET Q q 0 0 0 rg BT 534.52 119.10 Td (are ) Tj ET Q q 0 0 0 rg BT 549.72 119.10 Td (not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 107.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 88.56 107.10 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 132.64 107.10 Td (by ) Tj ET Q q 0 0 0 rg BT 145.61 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.79 107.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 208.20 107.10 Td (under ) Tj ET Q q 0 0 0 rg BT 233.94 107.10 Td (RESP) Tj ET Q q 0 0 0 rg BT 256.92 107.10 Td (A. ) Tj ET Q q 0 0 0 rg BT 269.61 107.10 Td (Nonetheless, ) Tj ET Q q 0 0 0 rg BT 323.96 107.10 Td (RESP) Tj ET Q q 0 0 0 rg BT 346.94 107.10 Td (A) Tj ET Q q 0 0 0 rg BT 353.61 107.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.58 107.10 Td (may ) Tj ET Q q 0 0 0 rg BT 376.77 107.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 407.50 107.10 Td (our ) Tj ET Q q 0 0 0 rg BT 423.80 107.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 452.33 107.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.08 107.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 486.03 107.10 Td (into ) Tj ET Q q 0 0 0 rg BT 504.56 107.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 548.07 107.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 95.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 98.17 95.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 154.59 95.10 Td (with ) Tj ET Q q 0 0 0 rg BT 174.92 95.10 Td (third ) Tj ET Q q 0 0 0 rg BT 196.36 95.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 225.57 95.10 Td (for ) Tj ET Q q 0 0 0 rg BT 239.79 95.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 274.01 95.10 Td (or ) Tj ET Q q 0 0 0 rg BT 284.89 95.10 Td (newly ) Tj ET Q q 0 0 0 rg BT 311.89 95.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 355.54 95.10 Td (products ) Tj ET Q q 0 0 0 rg BT 392.53 95.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.52 95.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 446.78 95.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 495.43 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.76 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.53 95.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 547.52 95.10 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 83.10 Td (such ) Tj ET Q q 0 0 0 rg BT 69.54 83.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 125.11 83.10 Td (may ) Tj ET Q q 0 0 0 rg BT 144.04 83.10 Td (be ) Tj ET Q q 0 0 0 rg BT 155.18 83.10 Td (characterized ) Tj ET Q q 0 0 0 rg BT 210.18 83.10 Td (as ) Tj ET Q q 0 0 0 rg BT 220.22 83.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 260.26 83.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 300.30 83.10 Td (for ) Tj ET Q q 0 0 0 rg BT 313.67 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.59 83.10 Td (referral ) Tj ET Q q 0 0 0 rg BT 358.71 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.75 83.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 412.11 83.10 Td (real ) Tj ET Q q 0 0 0 rg BT 428.81 83.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 453.28 83.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 496.09 83.10 Td (service ) Tj ET Q q 0 0 0 rg BT 526.11 83.10 Td (business. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 71.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.40 71.10 Td (, ) Tj ET Q q 0 0 0 rg BT 104.32 71.10 Td (any ) Tj ET Q q 0 0 0 rg BT 121.18 71.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 174.15 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.35 71.10 Td (RESP) Tj ET Q q 0 0 0 rg BT 207.33 71.10 Td (A) Tj ET Q q 0 0 0 rg BT 214.00 71.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.42 71.10 Td (or ) Tj ET Q q 0 0 0 rg BT 227.18 71.10 Td (court ) Tj ET Q q 0 0 0 rg BT 250.14 71.10 Td (opinions ) Tj ET Q q 0 0 0 rg BT 287.01 71.10 Td (interpreting ) Tj ET Q q 0 0 0 rg BT 336.09 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.73 71.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 394.82 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.57 71.10 Td (RESP) Tj ET Q q 0 0 0 rg BT 428.55 71.10 Td (A) Tj ET Q q 0 0 0 rg BT 435.22 71.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.64 71.10 Td (that ) Tj ET Q q 0 0 0 rg BT 455.06 71.10 Td (result ) Tj ET Q q 0 0 0 rg BT 479.70 71.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.90 71.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 536.76 71.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.18 71.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 59.10 Td (current ) Tj ET Q q 0 0 0 rg BT 80.35 59.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 117.33 59.10 Td (methods, ) Tj ET Q q 0 0 0 rg BT 156.25 59.10 Td (or ) Tj ET Q q 0 0 0 rg BT 167.12 59.10 Td (any ) Tj ET Q q 0 0 0 rg BT 184.09 59.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 242.17 59.10 Td (that ) Tj ET Q q 0 0 0 rg BT 259.70 59.10 Td (our ) Tj ET Q q 0 0 0 rg BT 275.57 59.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 312.54 59.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 348.97 59.10 Td (have ) Tj ET Q q 0 0 0 rg BT 370.38 59.10 Td (been ) Tj ET Q q 0 0 0 rg BT 391.80 59.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.77 59.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 447.41 59.10 Td (are ) Tj ET Q q 0 0 0 rg BT 462.15 59.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 493.01 59.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.33 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.09 59.10 Td (restrictions ) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.36 740.10 Td (RESP) Tj ET Q q 0 0 0 rg BT 97.35 740.10 Td (A, ) Tj ET Q q 0 0 0 rg BT 109.17 740.10 Td (could ) Tj ET Q q 0 0 0 rg BT 133.48 740.10 Td (have ) Tj ET Q q 0 0 0 rg BT 154.45 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 160.99 740.10 Td (material ) Tj ET Q q 0 0 0 rg BT 195.84 740.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 228.48 740.10 Td (ef) Tj ET Q q 0 0 0 rg BT 236.06 740.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 253.14 740.10 Td (on ) Tj ET Q q 0 0 0 rg BT 265.24 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 280.67 740.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 319.15 740.10 Td (If ) Tj ET Q q 0 0 0 rg BT 327.91 740.10 Td (we ) Tj ET Q q 0 0 0 rg BT 341.67 740.10 Td (were ) Tj ET Q q 0 0 0 rg BT 363.19 740.10 Td (found ) Tj ET Q q 0 0 0 rg BT 388.62 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.49 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 410.03 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.90 740.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 457.55 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.98 740.10 Td (RESP) Tj ET Q q 0 0 0 rg BT 490.96 740.10 Td (A) Tj ET Q q 0 0 0 rg BT 497.63 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.73 740.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 523.76 740.10 Td (we ) Tj ET Q q 0 0 0 rg BT 537.52 740.10 Td (would ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 728.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 96.71 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.99 728.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 151.70 728.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 189.19 728.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 222.80 728.10 Td (that ) Tj ET Q q 0 0 0 rg BT 240.29 728.10 Td (could ) Tj ET Q q 0 0 0 rg BT 265.01 728.10 Td (have ) Tj ET Q q 0 0 0 rg BT 286.38 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.32 728.10 Td (material ) Tj ET Q q 0 0 0 rg BT 328.58 728.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 361.62 728.10 Td (ef) Tj ET Q q 0 0 0 rg BT 369.21 728.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 386.69 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 399.19 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 415.02 728.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 458.06 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.00 728.10 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 707.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 707.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.27 707.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 97.90 707.10 Td (on ) Tj ET Q q 0 0 0 rg BT 111.65 707.10 Td (key ) Tj ET Q q 0 0 0 rg BT 128.71 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.46 707.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 176.76 707.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 206.61 707.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 250.36 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.32 707.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 295.06 707.10 Td (our ) Tj ET Q q 0 0 0 rg BT 312.70 707.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 353.40 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.14 707.10 Td (if ) Tj ET Q q 0 0 0 rg BT 381.44 707.10 Td (we ) Tj ET Q q 0 0 0 rg BT 395.73 707.10 Td (are ) Tj ET Q q 0 0 0 rg BT 412.25 707.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 443.77 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.74 707.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 482.37 707.10 Td (our ) Tj ET Q q 0 0 0 rg BT 500.01 707.10 Td (current ) Tj ET Q q 0 0 0 rg BT 533.76 707.10 Td (or ) Tj ET Q q 0 0 0 rg BT 545.84 707.10 Td (hire ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 93.67 695.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 139.24 695.10 Td (our ) Tj ET Q q 0 0 0 rg BT 156.19 695.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 184.24 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.52 695.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 228.11 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.17 695.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 298.11 695.10 Td (market ) Tj ET Q q 0 0 0 rg BT 329.50 695.10 Td (our ) Tj ET Q q 0 0 0 rg BT 346.45 695.10 Td (business ) Tj ET Q q 0 0 0 rg BT 383.97 695.10 Td (could ) Tj ET Q q 0 0 0 rg BT 409.25 695.10 Td (be ) Tj ET Q q 0 0 0 rg BT 421.18 695.10 Td (harmed.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 674.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 674.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.96 674.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 122.22 674.10 Td (our ) Tj ET Q q 0 0 0 rg BT 138.93 674.10 Td (future ) Tj ET Q q 0 0 0 rg BT 166.20 674.10 Td (success ) Tj ET Q q 0 0 0 rg BT 199.57 674.10 Td (will ) Tj ET Q q 0 0 0 rg BT 218.51 674.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 250.78 674.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.94 674.10 Td (lar) Tj ET Q q 0 0 0 rg BT 272.31 674.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 285.13 674.10 Td (part ) Tj ET Q q 0 0 0 rg BT 304.06 674.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 327.45 674.10 Td (our ) Tj ET Q q 0 0 0 rg BT 344.16 674.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 373.10 674.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.26 674.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 412.63 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.45 674.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 456.60 674.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 485.54 674.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 515.59 674.10 Td (managerial, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 662.10 Td (technical, ) Tj ET Q q 0 0 0 rg BT 90.62 662.10 Td (finance, ) Tj ET Q q 0 0 0 rg BT 125.08 662.10 Td (creative ) Tj ET Q q 0 0 0 rg BT 159.25 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.22 662.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 198.19 662.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.16 662.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 258.23 662.10 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 302.14 662.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 341.17 662.10 Td (, ) Tj ET Q q 0 0 0 rg BT 346.20 662.10 Td (we ) Tj ET Q q 0 0 0 rg BT 360.39 662.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 391.80 662.10 Td (that ) Tj ET Q q 0 0 0 rg BT 409.32 662.10 Td (our ) Tj ET Q q 0 0 0 rg BT 425.19 662.10 Td (future ) Tj ET Q q 0 0 0 rg BT 451.59 662.10 Td (success ) Tj ET Q q 0 0 0 rg BT 484.12 662.10 Td (is ) Tj ET Q q 0 0 0 rg BT 493.32 662.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 521.41 662.10 Td (dependent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 650.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.76 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.24 650.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 131.27 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.86 650.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.45 650.10 Td (named ) Tj ET Q q 0 0 0 rg BT 186.36 650.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 226.93 650.10 Td (of) Tj ET Q q 0 0 0 rg BT 235.08 650.10 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 261.55 650.10 Td (All ) Tj ET Q q 0 0 0 rg BT 276.59 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.18 650.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.77 650.10 Td (of) Tj ET Q q 0 0 0 rg BT 310.92 650.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 335.39 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.08 650.10 Td (other ) Tj ET Q q 0 0 0 rg BT 374.89 650.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 419.91 650.10 Td (are ) Tj ET Q q 0 0 0 rg BT 434.38 650.10 Td (at-will ) Tj ET Q q 0 0 0 rg BT 462.74 650.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 510.27 650.10 Td (which ) Tj ET Q q 0 0 0 rg BT 536.97 650.10 Td (means ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (they ) Tj ET Q q 0 0 0 rg BT 69.47 638.10 Td (may ) Tj ET Q q 0 0 0 rg BT 89.44 638.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 129.95 638.10 Td (their ) Tj ET Q q 0 0 0 rg BT 151.02 638.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 203.77 638.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 253.73 638.10 Td (with ) Tj ET Q q 0 0 0 rg BT 274.26 638.10 Td (us ) Tj ET Q q 0 0 0 rg BT 285.90 638.10 Td (at ) Tj ET Q q 0 0 0 rg BT 295.87 638.10 Td (any ) Tj ET Q q 0 0 0 rg BT 313.06 638.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 336.08 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.27 638.10 Td (their ) Tj ET Q q 0 0 0 rg BT 374.35 638.10 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 420.98 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.06 638.10 Td (our ) Tj ET Q q 0 0 0 rg BT 448.14 638.10 Td (business ) Tj ET Q q 0 0 0 rg BT 484.79 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.98 638.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 537.51 638.10 Td (would ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.27 626.10 Td (extremely ) Tj ET Q q 0 0 0 rg BT 103.58 626.10 Td (dif) Tj ET Q q 0 0 0 rg BT 114.50 626.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 137.94 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.04 626.10 Td (replace. ) Tj ET Q q 0 0 0 rg BT 181.74 626.10 Td (In ) Tj ET Q q 0 0 0 rg BT 192.40 626.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 230.00 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.54 626.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 262.43 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.09 626.10 Td (any ) Tj ET Q q 0 0 0 rg BT 289.86 626.10 Td (key ) Tj ET Q q 0 0 0 rg BT 306.63 626.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 351.72 626.10 Td (or ) Tj ET Q q 0 0 0 rg BT 362.38 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.93 626.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 412.59 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.69 626.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 450.00 626.10 Td (or ) Tj ET Q q 0 0 0 rg BT 460.66 626.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 485.75 626.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 523.63 626.10 Td (personnel ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.29 614.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 98.52 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.31 614.10 Td (development ) Tj ET Q q 0 0 0 rg BT 167.53 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.54 614.10 Td (introduction ) Tj ET Q q 0 0 0 rg BT 236.00 614.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 249.40 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.41 614.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 289.53 614.10 Td (our ) Tj ET Q q 0 0 0 rg BT 305.44 614.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 333.56 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.91 614.10 Td (sell, ) Tj ET Q q 0 0 0 rg BT 362.87 614.10 Td (our ) Tj ET Q q 0 0 0 rg BT 378.78 614.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 417.47 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.48 614.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 457.60 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.39 614.10 Td (market) Tj ET Q q 0 0 0 rg BT 502.93 614.10 Td (s ) Tj ET Q q 0 0 0 rg BT 509.40 614.10 Td (perception ) Tj ET Q q 0 0 0 rg BT 554.17 614.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 63.15 602.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 115.41 602.10 Td (for ) Tj ET Q q 0 0 0 rg BT 129.32 602.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 167.12 602.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 208.26 602.10 Td (is ) Tj ET Q q 0 0 0 rg BT 217.18 602.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 265.53 602.10 Td (intense ) Tj ET Q q 0 0 0 rg BT 296.11 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.15 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.62 602.10 Td (San ) Tj ET Q q 0 0 0 rg BT 337.88 602.10 Td (Francisco ) Tj ET Q q 0 0 0 rg BT 379.01 602.10 Td (Bay ) Tj ET Q q 0 0 0 rg BT 396.88 602.10 Td (Area, ) Tj ET Q q 0 0 0 rg BT 421.07 602.10 Td (where ) Tj ET Q q 0 0 0 rg BT 447.75 602.10 Td (our ) Tj ET Q q 0 0 0 rg BT 463.34 602.10 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 516.68 602.10 Td (are ) Tj ET Q q 0 0 0 rg BT 531.15 602.10 Td (located. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (Qualified ) Tj ET Q q 0 0 0 rg BT 90.32 590.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 137.82 590.10 Td (are ) Tj ET Q q 0 0 0 rg BT 153.08 590.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.92 590.10 Td (high ) Tj ET Q q 0 0 0 rg BT 184.75 590.10 Td (demand, ) Tj ET Q q 0 0 0 rg BT 221.97 590.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.46 590.10 Td (we ) Tj ET Q q 0 0 0 rg BT 254.18 590.10 Td (may ) Tj ET Q q 0 0 0 rg BT 274.45 590.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 298.05 590.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 343.32 590.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 366.38 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.21 590.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 405.25 590.10 Td (them. ) Tj ET Q q 0 0 0 rg BT 430.58 590.10 Td (W) Tj ET Q q 0 0 0 rg BT 439.22 590.10 Td (e ) Tj ET Q q 0 0 0 rg BT 446.72 590.10 Td (may ) Tj ET Q q 0 0 0 rg BT 466.99 590.10 Td (be ) Tj ET Q q 0 0 0 rg BT 479.48 590.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 509.20 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.03 590.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 548.07 590.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 74.93 578.10 Td (suitably ) Tj ET Q q 0 0 0 rg BT 109.26 578.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 147.46 578.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 194.57 578.10 Td (who ) Tj ET Q q 0 0 0 rg BT 214.45 578.10 Td (are ) Tj ET Q q 0 0 0 rg BT 229.32 578.10 Td (capable ) Tj ET Q q 0 0 0 rg BT 262.52 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.51 578.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 308.39 578.10 Td (our ) Tj ET Q q 0 0 0 rg BT 324.38 578.10 Td (growing ) Tj ET Q q 0 0 0 rg BT 360.38 578.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 384.98 578.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 432.62 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.72 578.10 Td (managerial ) Tj ET Q q 0 0 0 rg BT 496.81 578.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 554.17 578.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.07 566.10 Td (be ) Tj ET Q q 0 0 0 rg BT 80.86 566.10 Td (required ) Tj ET Q q 0 0 0 rg BT 116.52 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.65 566.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 143.44 566.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 183.54 566.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 241.43 566.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.56 566.10 Td (order ) Tj ET Q q 0 0 0 rg BT 275.01 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.14 566.10 Td (do ) Tj ET Q q 0 0 0 rg BT 297.49 566.10 Td (so. ) Tj ET Q q 0 0 0 rg BT 311.23 566.10 Td (If ) Tj ET Q q 0 0 0 rg BT 320.24 566.10 Td (we ) Tj ET Q q 0 0 0 rg BT 334.25 566.10 Td (are ) Tj ET Q q 0 0 0 rg BT 348.81 566.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 377.81 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.94 566.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 415.27 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.06 566.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 457.18 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.74 566.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 509.63 566.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 550.86 566.10 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (need ) Tj ET Q q 0 0 0 rg BT 70.88 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.16 554.10 Td (succeed, ) Tj ET Q q 0 0 0 rg BT 117.80 554.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.63 554.10 Td (business ) Tj ET Q q 0 0 0 rg BT 170.02 554.10 Td (will ) Tj ET Q q 0 0 0 rg BT 188.08 554.10 Td (suf) Tj ET Q q 0 0 0 rg BT 200.12 554.10 Td (fer) Tj ET Q q 0 0 0 rg BT 210.67 554.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 533.10 Td (V) Tj ET Q q 0 0 0 rg BT 79.43 533.10 Td (olatility ) Tj ET Q q 0 0 0 rg BT 113.05 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.88 533.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 143.04 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.88 533.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 206.90 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.19 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 233.02 533.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 256.63 533.10 Td (price ) Tj ET Q q 0 0 0 rg BT 279.13 533.10 Td (may ) Tj ET Q q 0 0 0 rg BT 298.85 533.10 Td (also ) Tj ET Q q 0 0 0 rg BT 317.46 533.10 Td (af) Tj ET Q q 0 0 0 rg BT 325.05 533.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 342.54 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.37 533.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 386.43 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.71 533.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 424.20 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.14 533.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 466.41 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 482.25 533.10 Td (key ) Tj ET Q q 0 0 0 rg BT 499.19 533.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 546.96 533.10 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (named ) Tj ET Q q 0 0 0 rg BT 78.83 521.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 119.81 521.10 Td (of) Tj ET Q q 0 0 0 rg BT 127.96 521.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 152.84 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 167.72 521.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 195.94 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.39 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 213.50 521.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 258.95 521.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 291.61 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.62 521.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 326.40 521.10 Td (options ) Tj ET Q q 0 0 0 rg BT 358.52 521.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.63 521.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 428.82 521.10 Td (share ) Tj ET Q q 0 0 0 rg BT 452.59 521.10 Td (awards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.91 521.10 Td (. ) Tj ET Q q 0 0 0 rg BT 486.09 521.10 Td (Employees ) Tj ET Q q 0 0 0 rg BT 533.19 521.10 Td (may ) Tj ET Q q 0 0 0 rg BT 553.08 521.10 Td (be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (more ) Tj ET Q q 0 0 0 rg BT 72.31 509.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 97.35 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.40 509.10 Td (leave ) Tj ET Q q 0 0 0 rg BT 130.76 509.10 Td (us ) Tj ET Q q 0 0 0 rg BT 141.92 509.10 Td (if ) Tj ET Q q 0 0 0 rg BT 150.29 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.78 509.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 192.04 509.10 Td (they ) Tj ET Q q 0 0 0 rg BT 211.52 509.10 Td (own ) Tj ET Q q 0 0 0 rg BT 231.01 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 241.61 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.09 509.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 283.35 509.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 328.94 509.10 Td (their ) Tj ET Q q 0 0 0 rg BT 349.53 509.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 377.35 509.10 Td (options ) Tj ET Q q 0 0 0 rg BT 409.06 509.10 Td (have ) Tj ET Q q 0 0 0 rg BT 430.21 509.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 482.46 509.10 Td (appreciated ) Tj ET Q q 0 0 0 rg BT 530.81 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.85 509.10 Td (value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 82.43 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.17 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.33 497.10 Td (original ) Tj ET Q q 0 0 0 rg BT 142.39 497.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 180.88 497.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 207.71 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.00 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.17 497.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 262.11 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.39 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.56 497.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 324.27 497.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 351.10 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.38 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.55 497.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 406.05 497.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 440.95 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 452.24 497.10 Td (if ) Tj ET Q q 0 0 0 rg BT 461.30 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.47 497.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 512.17 497.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 539.00 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 497.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (options ) Tj ET Q q 0 0 0 rg BT 80.82 485.10 Td (that ) Tj ET Q q 0 0 0 rg BT 97.69 485.10 Td (they ) Tj ET Q q 0 0 0 rg BT 116.79 485.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 136.44 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 150.52 485.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 202.39 485.10 Td (above ) Tj ET Q q 0 0 0 rg BT 228.14 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.23 485.10 Td (market ) Tj ET Q q 0 0 0 rg BT 271.87 485.10 Td (price ) Tj ET Q q 0 0 0 rg BT 293.73 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.93 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 319.14 485.10 Td (common ) Tj ET Q q 0 0 0 rg BT 356.01 485.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 381.49 485.10 Td (If ) Tj ET Q q 0 0 0 rg BT 390.03 485.10 Td (we ) Tj ET Q q 0 0 0 rg BT 403.56 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 417.64 485.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 446.17 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.83 485.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 480.47 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 495.67 485.10 Td (named ) Tj ET Q q 0 0 0 rg BT 524.20 485.10 Td (executive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 473.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 82.36 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 93.19 473.10 Td (other ) Tj ET Q q 0 0 0 rg BT 116.23 473.10 Td (key ) Tj ET Q q 0 0 0 rg BT 133.17 473.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 180.94 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 196.77 473.10 Td (business ) Tj ET Q q 0 0 0 rg BT 233.16 473.10 Td (will ) Tj ET Q q 0 0 0 rg BT 251.21 473.10 Td (be ) Tj ET Q q 0 0 0 rg BT 263.15 473.10 Td (harmed.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.65 452.10 Td (e ) Tj ET Q q 0 0 0 rg BT 64.19 452.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 96.84 452.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.29 452.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.39 452.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 142.62 452.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 191.37 452.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 224.86 452.10 Td (which ) Tj ET Q q 0 0 0 rg BT 251.97 452.10 Td (could ) Tj ET Q q 0 0 0 rg BT 276.85 452.10 Td (make ) Tj ET Q q 0 0 0 rg BT 301.17 452.10 Td (it ) Tj ET Q q 0 0 0 rg BT 308.84 452.10 Td (dif) Tj ET Q q 0 0 0 rg BT 319.76 452.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 343.53 452.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.86 452.10 Td (us ) Tj ET Q q 0 0 0 rg BT 369.42 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.30 452.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 408.07 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.74 452.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 452.29 452.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 501.62 452.10 Td (users ) Tj ET Q q 0 0 0 rg BT 525.40 452.10 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 543.07 452.10 Td (Ellie ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 70.33 440.10 Td (Network) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 105.33 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.83 440.10 Td (participants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 419.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.98 419.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 130.68 419.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 176.50 419.10 Td (software ) Tj ET Q q 0 0 0 rg BT 212.86 419.10 Td (market ) Tj ET Q q 0 0 0 rg BT 242.56 419.10 Td (is ) Tj ET Q q 0 0 0 rg BT 251.17 419.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 278.66 419.10 Td (competitive. ) Tj ET Q q 0 0 0 rg BT 330.16 419.10 Td (There ) Tj ET Q q 0 0 0 rg BT 355.41 419.10 Td (are ) Tj ET Q q 0 0 0 rg BT 369.55 419.10 Td (many ) Tj ET Q q 0 0 0 rg BT 393.70 419.10 Td (software ) Tj ET Q q 0 0 0 rg BT 430.07 419.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 472.27 419.10 Td (such ) Tj ET Q q 0 0 0 rg BT 492.54 419.10 Td (as: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.58 419.10 Td (Byte ) Tj ET Q q 0 0 0 rg BT 526.40 419.10 Td (Software ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 71.15 407.10 Td (a ) Tj ET Q q 0 0 0 rg BT 79.47 407.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 124.46 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.68 407.10 Td (CBCInnovis) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.69 407.10 Td (; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.35 407.10 Td (Calyx ) Tj ET Q q 0 0 0 rg BT 220.84 407.10 Td (T) Tj ET Q q 0 0 0 rg BT 226.25 407.10 Td (echnology) Tj ET Q q 0 0 0 rg BT 267.25 407.10 Td (, ) Tj ET Q q 0 0 0 rg BT 273.64 407.10 Td (Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.90 407.10 Td (; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.56 407.10 Td (Harland ) Tj ET Q q 0 0 0 rg BT 331.65 407.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 372.75 407.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 416.92 407.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.24 407.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 470.23 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.45 407.10 Td (Davis ) Tj ET Q q 0 0 0 rg BT 509.66 407.10 Td (+ ) Tj ET Q q 0 0 0 rg BT 519.18 407.10 Td (Henderson ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 395.10 Td (Corporation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.83 395.10 Td (; ) Tj ET Q q 0 0 0 rg BT 103.89 395.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.61 395.10 Td (PCLender) Tj ET Q q 0 0 0 rg BT 161.60 395.10 Td (.com, ) Tj ET Q q 0 0 0 rg BT 187.10 395.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 208.15 395.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.87 395.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 260.27 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.88 395.10 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 306.27 395.10 Td (National ) Tj ET Q q 0 0 0 rg BT 343.99 395.10 Td (Financial, ) Tj ET Q q 0 0 0 rg BT 386.99 395.10 Td (Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.25 395.10 Td (, ) Tj ET Q q 0 0 0 rg BT 408.04 395.10 Td (that ) Tj ET Q q 0 0 0 rg BT 426.31 395.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 463.47 395.10 Td (with ) Tj ET Q q 0 0 0 rg BT 484.53 395.10 Td (us ) Tj ET Q q 0 0 0 rg BT 496.70 395.10 Td (by ) Tj ET Q q 0 0 0 rg BT 509.99 395.10 Td (of) Tj ET Q q 0 0 0 rg BT 518.14 395.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 545.30 395.10 Td (loan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 94.92 383.10 Td (software ) Tj ET Q q 0 0 0 rg BT 130.89 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.20 383.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 179.50 383.10 Td (originators. ) Tj ET Q q 0 0 0 rg BT 226.87 383.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 251.18 383.10 Td (software ) Tj ET Q q 0 0 0 rg BT 287.15 383.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 328.96 383.10 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.27 383.10 Td (Calyx ) Tj ET Q q 0 0 0 rg BT 393.58 383.10 Td (T) Tj ET Q q 0 0 0 rg BT 398.99 383.10 Td (echnology) Tj ET Q q 0 0 0 rg BT 440.00 383.10 Td (, ) Tj ET Q q 0 0 0 rg BT 444.04 383.10 Td (Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.31 383.10 Td (, ) Tj ET Q q 0 0 0 rg BT 463.34 383.10 Td (also ) Tj ET Q q 0 0 0 rg BT 480.99 383.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 513.08 383.10 Td (connectivity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (between ) Tj ET Q q 0 0 0 rg BT 85.47 371.10 Td (their ) Tj ET Q q 0 0 0 rg BT 106.45 371.10 Td (software ) Tj ET Q q 0 0 0 rg BT 143.54 371.10 Td (users ) Tj ET Q q 0 0 0 rg BT 166.74 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.84 371.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 215.37 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.46 371.10 Td (service ) Tj ET Q q 0 0 0 rg BT 263.43 371.10 Td (providers. ) Tj ET Q q 0 0 0 rg BT 306.36 371.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 331.78 371.10 Td (connectivity ) Tj ET Q q 0 0 0 rg BT 383.86 371.10 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 432.61 371.10 Td (are ) Tj ET Q q 0 0 0 rg BT 447.47 371.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 485.67 371.10 Td (by ) Tj ET Q q 0 0 0 rg BT 498.33 371.10 Td (services ) Tj ET Q q 0 0 0 rg BT 533.19 371.10 Td (such ) Tj ET Q q 0 0 0 rg BT 554.18 371.10 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (RealEC ) Tj ET Q q 0 0 0 rg BT 83.72 359.10 Td (T) Tj ET Q q 0 0 0 rg BT 89.13 359.10 Td (echnologies, ) Tj ET Q q 0 0 0 rg BT 142.75 359.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 163.88 359.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.68 359.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 216.15 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.84 359.10 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 262.31 359.10 Td (National ) Tj ET Q q 0 0 0 rg BT 300.10 359.10 Td (Financial, ) Tj ET Q q 0 0 0 rg BT 343.17 359.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 361.56 359.10 Td (W) Tj ET Q q 0 0 0 rg BT 370.20 359.10 Td (e ) Tj ET Q q 0 0 0 rg BT 377.99 359.10 Td (also ) Tj ET Q q 0 0 0 rg BT 397.46 359.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 434.69 359.10 Td (with ) Tj ET Q q 0 0 0 rg BT 455.83 359.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 505.28 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.08 359.10 Td (document ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 347.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 97.58 347.10 Td (service ) Tj ET Q q 0 0 0 rg BT 128.44 347.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 168.75 347.10 Td (that ) Tj ET Q q 0 0 0 rg BT 186.29 347.10 Td (are ) Tj ET Q q 0 0 0 rg BT 201.04 347.10 Td (much ) Tj ET Q q 0 0 0 rg BT 225.80 347.10 Td (lar) Tj ET Q q 0 0 0 rg BT 236.17 347.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 251.48 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.46 347.10 Td (more ) Tj ET Q q 0 0 0 rg BT 291.55 347.10 Td (established ) Tj ET Q q 0 0 0 rg BT 338.53 347.10 Td (than ) Tj ET Q q 0 0 0 rg BT 358.29 347.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 372.04 347.10 Td (There ) Tj ET Q q 0 0 0 rg BT 397.90 347.10 Td (is ) Tj ET Q q 0 0 0 rg BT 407.11 347.10 Td (vigorous ) Tj ET Q q 0 0 0 rg BT 444.66 347.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 494.97 347.10 Td (among ) Tj ET Q q 0 0 0 rg BT 524.73 347.10 Td (providers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.28 335.10 Td (these ) Tj ET Q q 0 0 0 rg BT 83.27 335.10 Td (services ) Tj ET Q q 0 0 0 rg BT 117.93 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.82 335.10 Td (we ) Tj ET Q q 0 0 0 rg BT 148.93 335.10 Td (may ) Tj ET Q q 0 0 0 rg BT 168.59 335.10 Td (not ) Tj ET Q q 0 0 0 rg BT 183.82 335.10 Td (succeed ) Tj ET Q q 0 0 0 rg BT 217.91 335.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.14 335.10 Td (convincing ) Tj ET Q q 0 0 0 rg BT 275.02 335.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 312.46 335.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 355.46 335.10 Td (using ) Tj ET Q q 0 0 0 rg BT 379.58 335.10 Td (other ) Tj ET Q q 0 0 0 rg BT 402.57 335.10 Td (services ) Tj ET Q q 0 0 0 rg BT 437.23 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.45 335.10 Td (switch ) Tj ET Q q 0 0 0 rg BT 476.01 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.24 335.10 Td (ours. ) Tj ET Q q 0 0 0 rg BT 508.41 335.10 Td (Many ) Tj ET Q q 0 0 0 rg BT 534.19 335.10 Td (service ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 89.21 323.10 Td (connect ) Tj ET Q q 0 0 0 rg BT 122.25 323.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 154.73 323.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.46 323.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 204.16 323.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 249.43 323.10 Td (without ) Tj ET Q q 0 0 0 rg BT 281.93 323.10 Td (using ) Tj ET Q q 0 0 0 rg BT 305.54 323.10 Td (any ) Tj ET Q q 0 0 0 rg BT 321.93 323.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 341.09 323.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 386.91 323.10 Td (software. ) Tj ET Q q 0 0 0 rg BT 425.78 323.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 450.51 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.78 323.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.05 323.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 525.21 323.10 Td (also ) Tj ET Q q 0 0 0 rg BT 543.26 323.10 Td (of) Tj ET Q q 0 0 0 rg BT 551.41 323.10 Td (fer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (services ) Tj ET Q q 0 0 0 rg BT 84.96 311.10 Td (on ) Tj ET Q q 0 0 0 rg BT 98.22 311.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.92 311.10 Td (per ) Tj ET Q q 0 0 0 rg BT 121.94 311.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 150.75 311.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 171.22 311.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 196.98 311.10 Td (which ) Tj ET Q q 0 0 0 rg BT 224.67 311.10 Td (could ) Tj ET Q q 0 0 0 rg BT 250.14 311.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 291.72 311.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 322.19 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.66 311.10 Td (ef) Tj ET Q q 0 0 0 rg BT 345.25 311.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 392.93 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.51 311.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.10 311.10 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 483.79 311.10 Td (Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.67 311.10 Td ( ) Tj ET Q q 0 0 0 rg BT 515.93 311.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 550.84 311.10 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 93.84 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.30 299.10 Td (number ) Tj ET Q q 0 0 0 rg BT 143.10 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.68 299.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 177.92 299.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 226.72 299.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 273.01 299.10 Td (If ) Tj ET Q q 0 0 0 rg BT 282.92 299.10 Td (we ) Tj ET Q q 0 0 0 rg BT 297.83 299.10 Td (are ) Tj ET Q q 0 0 0 rg BT 313.28 299.10 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 367.63 299.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.65 299.10 Td (competing ) Tj ET Q q 0 0 0 rg BT 424.11 299.10 Td (ef) Tj ET Q q 0 0 0 rg BT 431.70 299.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 469.92 299.10 Td (by ) Tj ET Q q 0 0 0 rg BT 483.17 299.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 525.31 299.10 Td (attractive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (functionality) Tj ET Q q 0 0 0 rg BT 99.95 287.10 Td (, ) Tj ET Q q 0 0 0 rg BT 104.75 287.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 143.71 287.10 Td (service ) Tj ET Q q 0 0 0 rg BT 174.33 287.10 Td (or ) Tj ET Q q 0 0 0 rg BT 184.97 287.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 211.43 287.10 Td (we ) Tj ET Q q 0 0 0 rg BT 225.39 287.10 Td (could ) Tj ET Q q 0 0 0 rg BT 249.92 287.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 268.33 287.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 302.30 287.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 350.15 287.10 Td (users ) Tj ET Q q 0 0 0 rg BT 373.01 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.09 287.10 Td (our ) Tj ET Q q 0 0 0 rg BT 398.72 287.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 448.24 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.98 287.10 Td (our ) Tj ET Q q 0 0 0 rg BT 480.62 287.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 508.47 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.56 287.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 545.84 287.10 Td (new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.55 275.10 Td (users ) Tj ET Q q 0 0 0 rg BT 120.60 275.10 Td (could ) Tj ET Q q 0 0 0 rg BT 145.32 275.10 Td (be ) Tj ET Q q 0 0 0 rg BT 157.25 275.10 Td (harmed.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 254.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 254.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.47 254.10 Td (only ) Tj ET Q q 0 0 0 rg BT 108.14 254.10 Td (of) Tj ET Q q 0 0 0 rg BT 116.29 254.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 129.28 254.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.51 254.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 191.95 254.10 Td (services ) Tj ET Q q 0 0 0 rg BT 226.05 254.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.72 254.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 283.16 254.10 Td (users. ) Tj ET Q q 0 0 0 rg BT 307.97 254.10 Td (There ) Tj ET Q q 0 0 0 rg BT 333.18 254.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.28 254.10 Td (many ) Tj ET Q q 0 0 0 rg BT 371.39 254.10 Td (other ) Tj ET Q q 0 0 0 rg BT 393.83 254.10 Td (service ) Tj ET Q q 0 0 0 rg BT 424.04 254.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 463.70 254.10 Td (that ) Tj ET Q q 0 0 0 rg BT 480.59 254.10 Td (of) Tj ET Q q 0 0 0 rg BT 488.74 254.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 501.73 254.10 Td (our ) Tj ET Q q 0 0 0 rg BT 516.95 254.10 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 242.10 Td (users ) Tj ET Q q 0 0 0 rg BT 72.05 242.10 Td (competing ) Tj ET Q q 0 0 0 rg BT 116.26 242.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 152.97 242.10 Td (including ) Tj ET Q q 0 0 0 rg BT 192.74 242.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 229.19 242.10 Td (-facing ) Tj ET Q q 0 0 0 rg BT 259.51 242.10 Td (websites, ) Tj ET Q q 0 0 0 rg BT 298.45 242.10 Td (document ) Tj ET Q q 0 0 0 rg BT 339.88 242.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 387.41 242.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 424.12 242.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 472.21 242.10 Td (services ) Tj ET Q q 0 0 0 rg BT 506.41 242.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.85 242.10 Td (EDM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.07 242.10 Td (. ) Tj ET Q q 0 0 0 rg BT 549.43 242.10 Td (W) Tj ET Q q 0 0 0 rg BT 558.06 242.10 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 230.10 Td (may ) Tj ET Q q 0 0 0 rg BT 68.93 230.10 Td (be ) Tj ET Q q 0 0 0 rg BT 80.58 230.10 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 133.89 230.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.89 230.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 188.87 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.86 230.10 Td (dif) Tj ET Q q 0 0 0 rg BT 209.79 230.10 Td (ferentiate ) Tj ET Q q 0 0 0 rg BT 249.75 230.10 Td (our ) Tj ET Q q 0 0 0 rg BT 265.30 230.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 313.06 230.10 Td (service ) Tj ET Q q 0 0 0 rg BT 343.59 230.10 Td (of) Tj ET Q q 0 0 0 rg BT 351.74 230.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 381.72 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.71 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.14 230.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 432.79 230.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 473.87 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.86 230.10 Td (ef) Tj ET Q q 0 0 0 rg BT 491.45 230.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 528.64 230.10 Td (compete ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 218.10 Td (some ) Tj ET Q q 0 0 0 rg BT 83.39 218.10 Td (or ) Tj ET Q q 0 0 0 rg BT 94.22 218.10 Td (all ) Tj ET Q q 0 0 0 rg BT 106.71 218.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.54 218.10 Td (these ) Tj ET Q q 0 0 0 rg BT 140.59 218.10 Td (markets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 197.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.71 197.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 113.26 197.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 133.69 197.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.68 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.34 197.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.68 197.10 Td (only ) Tj ET Q q 0 0 0 rg BT 201.12 197.10 Td (available ) Tj ET Q q 0 0 0 rg BT 239.87 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.31 197.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 290.74 197.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 336.73 197.10 Td (using ) Tj ET Q q 0 0 0 rg BT 361.06 197.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 411.58 197.10 Td (The ) Tj ET Q q 0 0 0 rg BT 429.79 197.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 468.00 197.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 512.86 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.30 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.18 197.10 Td (use ) Tj ET Q q 0 0 0 rg BT 554.17 197.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 185.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 87.17 185.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 108.23 185.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.22 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.50 185.10 Td (by ) Tj ET Q q 0 0 0 rg BT 159.79 185.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 208.62 185.10 Td (users ) Tj ET Q q 0 0 0 rg BT 232.46 185.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 267.40 185.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 311.79 185.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 348.96 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.57 185.10 Td (exchanging ) Tj ET Q q 0 0 0 rg BT 409.95 185.10 Td (data ) Tj ET Q q 0 0 0 rg BT 429.90 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.62 185.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 494.23 185.10 Td (among ) Tj ET Q q 0 0 0 rg BT 524.73 185.10 Td (mortgage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 85.72 173.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 135.81 173.10 Td (by ) Tj ET Q q 0 0 0 rg BT 149.26 173.10 Td (email, ) Tj ET Q q 0 0 0 rg BT 177.41 173.10 Td (facsimile, ) Tj ET Q q 0 0 0 rg BT 220.00 173.10 Td (phone, ) Tj ET Q q 0 0 0 rg BT 250.38 173.10 Td (courier ) Tj ET Q q 0 0 0 rg BT 282.14 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.02 173.10 Td (mail. ) Tj ET Q q 0 0 0 rg BT 323.74 173.10 Td (In ) Tj ET Q q 0 0 0 rg BT 335.51 173.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 374.23 173.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 415.43 173.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 462.20 173.10 Td (may ) Tj ET Q q 0 0 0 rg BT 482.86 173.10 Td (use ) Tj ET Q q 0 0 0 rg BT 499.63 173.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 545.84 173.10 Td (web ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (browsers ) Tj ET Q q 0 0 0 rg BT 88.71 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.60 161.10 Td (go ) Tj ET Q q 0 0 0 rg BT 112.70 161.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 164.14 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.02 161.10 Td (each ) Tj ET Q q 0 0 0 rg BT 196.45 161.10 Td (investor) Tj ET Q q 0 0 0 rg BT 228.26 161.10 Td (, ) Tj ET Q q 0 0 0 rg BT 233.87 161.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 261.96 161.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.40 161.10 Td (service ) Tj ET Q q 0 0 0 rg BT 304.82 161.10 Td (provider) Tj ET Q q 0 0 0 rg BT 339.07 161.10 Td () Tj ET Q q 0 0 0 rg BT 341.85 161.10 Td (s ) Tj ET Q q 0 0 0 rg BT 348.85 161.10 Td (website ) Tj ET Q q 0 0 0 rg BT 382.50 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.05 161.10 Td (then ) Tj ET Q q 0 0 0 rg BT 420.37 161.10 Td (manually ) Tj ET Q q 0 0 0 rg BT 460.69 161.10 Td (upload ) Tj ET Q q 0 0 0 rg BT 491.01 161.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 511.34 161.10 Td (data ) Tj ET Q q 0 0 0 rg BT 531.10 161.10 Td (or ) Tj ET Q q 0 0 0 rg BT 542.54 161.10 Td (enter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (information ) Tj ET Q q 0 0 0 rg BT 98.59 149.10 Td (into ) Tj ET Q q 0 0 0 rg BT 116.03 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.13 149.10 Td (website. ) Tj ET Q q 0 0 0 rg BT 165.06 149.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 205.82 149.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 251.03 149.10 Td (may ) Tj ET Q q 0 0 0 rg BT 270.13 149.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 306.44 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.10 149.10 Td (use ) Tj ET Q q 0 0 0 rg BT 331.32 149.10 Td (these ) Tj ET Q q 0 0 0 rg BT 353.75 149.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 389.51 149.10 Td (due ) Tj ET Q q 0 0 0 rg BT 405.84 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.50 149.10 Td (habit, ) Tj ET Q q 0 0 0 rg BT 439.87 149.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 475.63 149.10 Td (business ) Tj ET Q q 0 0 0 rg BT 511.41 149.10 Td (relationships ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.12 137.10 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 103.62 137.10 Td (The ) Tj ET Q q 0 0 0 rg BT 121.46 137.10 Td (success ) Tj ET Q q 0 0 0 rg BT 153.74 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.37 137.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.87 137.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 200.05 137.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 220.11 137.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.10 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.39 137.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 292.45 137.10 Td (on ) Tj ET Q q 0 0 0 rg BT 304.74 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.36 137.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 348.21 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.28 137.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 391.10 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.83 137.10 Td (of) Tj ET Q q 0 0 0 rg BT 415.98 137.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 429.37 137.10 Td (access ) Tj ET Q q 0 0 0 rg BT 457.20 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.27 137.10 Td (both ) Tj ET Q q 0 0 0 rg BT 487.34 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.85 137.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 531.90 137.10 Td (mass ) Tj ET Q q 0 0 0 rg BT 554.19 137.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 90.99 125.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 122.75 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.07 125.10 Td (service ) Tj ET Q q 0 0 0 rg BT 171.27 125.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 211.92 125.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 253.67 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.33 125.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 292.19 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.51 125.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 335.16 125.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 375.81 125.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 422.01 125.10 Td (using ) Tj ET Q q 0 0 0 rg BT 446.56 125.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 494.99 125.10 Td (on ) Tj ET Q q 0 0 0 rg BT 507.88 125.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.98 125.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 544.74 125.10 Td (Mae ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.49 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.35 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.65 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.72 113.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 146.34 113.10 Td (mass ) Tj ET Q q 0 0 0 rg BT 168.20 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.39 113.10 Td (active ) Tj ET Q q 0 0 0 rg BT 204.12 113.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 243.75 113.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 288.93 113.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 329.66 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.29 113.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 366.13 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.43 113.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 407.05 113.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 447.52 113.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 478.26 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.56 113.10 Td (service ) Tj ET Q q 0 0 0 rg BT 524.73 113.10 Td (providers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.83 101.10 Td (network.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 80.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 98.93 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.91 80.10 Td (our ) Tj ET Q q 0 0 0 rg BT 125.89 80.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 152.41 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.49 80.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 207.13 80.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 256.99 80.10 Td (have ) Tj ET Q q 0 0 0 rg BT 278.52 80.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 306.72 80.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 347.13 80.10 Td (histories ) Tj ET Q q 0 0 0 rg BT 383.66 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.75 80.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 453.39 80.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 483.79 80.10 Td (financial, ) Tj ET Q q 0 0 0 rg BT 523.92 80.10 Td (technical, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 92.86 68.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.12 68.10 Td (other ) Tj ET Q q 0 0 0 rg BT 133.49 68.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 174.07 68.10 Td (than ) Tj ET Q q 0 0 0 rg BT 194.11 68.10 Td (we ) Tj ET Q q 0 0 0 rg BT 208.59 68.10 Td (do ) Tj ET Q q 0 0 0 rg BT 221.41 68.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 241.17 68.10 Td (as ) Tj ET Q q 0 0 0 rg BT 252.32 68.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.58 68.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 287.12 68.10 Td (these ) Tj ET Q q 0 0 0 rg BT 310.49 68.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 356.07 68.10 Td (may ) Tj ET Q q 0 0 0 rg BT 376.11 68.10 Td (be ) Tj ET Q q 0 0 0 rg BT 388.37 68.10 Td (able ) Tj ET Q q 0 0 0 rg BT 407.85 68.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.45 68.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 452.93 68.10 Td (more ) Tj ET Q q 0 0 0 rg BT 476.30 68.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 509.11 68.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.71 68.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.74 68.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 56.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 98.96 56.10 Td (new ) Tj ET Q q 0 0 0 rg BT 118.14 56.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 171.21 56.10 Td (or ) Tj ET Q q 0 0 0 rg BT 182.06 56.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 221.24 56.10 Td (demands, ) Tj ET Q q 0 0 0 rg BT 261.81 56.10 Td (or ) Tj ET Q q 0 0 0 rg BT 272.66 56.10 Td (devote ) Tj ET Q q 0 0 0 rg BT 301.84 56.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 332.12 56.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 372.40 56.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.70 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.44 56.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 454.12 56.10 Td (promotion ) Tj ET Q q 0 0 0 rg BT 498.30 56.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.27 56.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 533.34 56.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.19 56.10 Td (their ) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (software ) Tj ET Q q 0 0 0 rg BT 85.86 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.24 740.10 Td (services ) Tj ET Q q 0 0 0 rg BT 136.38 740.10 Td (than ) Tj ET Q q 0 0 0 rg BT 155.54 740.10 Td (we ) Tj ET Q q 0 0 0 rg BT 169.13 740.10 Td (can. ) Tj ET Q q 0 0 0 rg BT 187.44 740.10 Td (In ) Tj ET Q q 0 0 0 rg BT 197.71 740.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 234.92 740.10 Td (we ) Tj ET Q q 0 0 0 rg BT 248.52 740.10 Td (may ) Tj ET Q q 0 0 0 rg BT 267.67 740.10 Td (face ) Tj ET Q q 0 0 0 rg BT 286.25 740.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 325.94 740.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 375.65 740.10 Td (as ) Tj ET Q q 0 0 0 rg BT 385.91 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 392.29 740.10 Td (result ) Tj ET Q q 0 0 0 rg BT 416.44 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.70 740.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 471.41 740.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 506.13 740.10 Td (consolidation, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (such ) Tj ET Q q 0 0 0 rg BT 71.02 728.10 Td (as: ) Tj ET Q q 0 0 0 rg BT 84.61 728.10 Td (Accenture's ) Tj ET Q q 0 0 0 rg BT 134.57 728.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 181.63 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.15 728.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 235.21 728.10 Td (Cadence ) Tj ET Q q 0 0 0 rg BT 272.82 728.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 294.89 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 305.15 728.10 Td (August ) Tj ET Q q 0 0 0 rg BT 337.23 728.10 Td (2013; ) Tj ET Q q 0 0 0 rg BT 363.19 728.10 Td (Davis ) Tj ET Q q 0 0 0 rg BT 389.71 728.10 Td (+ ) Tj ET Q q 0 0 0 rg BT 398.53 728.10 Td (Henderson ) Tj ET Q q 0 0 0 rg BT 445.04 728.10 Td (Corporation) Tj ET Q q 0 0 0 rg BT 496.14 728.10 Td (s ) Tj ET Q q 0 0 0 rg BT 503.22 728.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 554.18 728.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (Harland ) Tj ET Q q 0 0 0 rg BT 84.88 716.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 125.26 716.10 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 166.23 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.48 716.10 Td (August ) Tj ET Q q 0 0 0 rg BT 208.54 716.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 234.21 716.10 Td (Mortgagebot ) Tj ET Q q 0 0 0 rg BT 289.04 716.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 311.10 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.35 716.10 Td (April ) Tj ET Q q 0 0 0 rg BT 345.63 716.10 Td (201) Tj ET Q q 0 0 0 rg BT 360.26 716.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 368.43 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.35 716.10 Td (A) Tj ET Q q 0 0 0 rg BT 391.82 716.10 Td (vista ) Tj ET Q q 0 0 0 rg BT 413.88 716.10 Td (Solutions, ) Tj ET Q q 0 0 0 rg BT 457.35 716.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 475.79 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.74 716.10 Td (May ) Tj ET Q q 0 0 0 rg BT 508.24 716.10 Td (2012; ) Tj ET Q q 0 0 0 rg BT 534.19 716.10 Td (Lender ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (Processing ) Tj ET Q q 0 0 0 rg BT 95.14 704.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 133.82 704.10 Td (Inc.) Tj ET Q q 0 0 0 rg BT 151.87 704.10 Td (s ) Tj ET Q q 0 0 0 rg BT 158.07 704.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 204.26 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.90 704.10 Td (PCLender) Tj ET Q q 0 0 0 rg BT 254.90 704.10 Td (.com, ) Tj ET Q q 0 0 0 rg BT 279.42 704.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 297.00 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.08 704.10 Td (March ) Tj ET Q q 0 0 0 rg BT 335.49 704.10 Td (201) Tj ET Q q 0 0 0 rg BT 350.12 704.10 Td (1; ) Tj ET Q q 0 0 0 rg BT 360.21 704.10 Td (Optimal ) Tj ET Q q 0 0 0 rg BT 395.29 704.10 Td (Blue, ) Tj ET Q q 0 0 0 rg BT 418.99 704.10 Td (Inc.) Tj ET Q q 0 0 0 rg BT 437.03 704.10 Td (s ) Tj ET Q q 0 0 0 rg BT 443.23 704.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 489.42 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.06 704.10 Td (LoanSifter) Tj ET Q q 0 0 0 rg BT 542.42 704.10 Td (, ) Tj ET Q q 0 0 0 rg BT 547.23 704.10 Td (Inc. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.38 692.10 Td (December ) Tj ET Q q 0 0 0 rg BT 104.57 692.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 127.68 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.22 692.10 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 179.44 692.10 Td (National ) Tj ET Q q 0 0 0 rg BT 216.97 692.10 Td (Financial, ) Tj ET Q q 0 0 0 rg BT 259.79 692.10 Td (Inc.) Tj ET Q q 0 0 0 rg BT 277.84 692.10 Td (s ) Tj ET Q q 0 0 0 rg BT 284.83 692.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 331.82 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.25 692.10 Td (Lender ) Tj ET Q q 0 0 0 rg BT 374.67 692.10 Td (Processing ) Tj ET Q q 0 0 0 rg BT 421.11 692.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 460.59 692.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 478.96 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.85 692.10 Td (January ) Tj ET Q q 0 0 0 rg BT 524.05 692.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 549.43 692.10 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 692.10 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 78.05 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.72 680.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 132.94 680.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 179.27 680.10 Td (market ) Tj ET Q q 0 0 0 rg BT 209.49 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.72 680.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 256.61 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.84 680.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 294.27 680.10 Td (new ) Tj ET Q q 0 0 0 rg BT 313.39 680.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 363.05 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.94 680.10 Td (there ) Tj ET Q q 0 0 0 rg BT 402.38 680.10 Td (can ) Tj ET Q q 0 0 0 rg BT 418.71 680.10 Td (be ) Tj ET Q q 0 0 0 rg BT 430.61 680.10 Td (no ) Tj ET Q q 0 0 0 rg BT 443.06 680.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 484.38 680.10 Td (that ) Tj ET Q q 0 0 0 rg BT 501.83 680.10 Td (we ) Tj ET Q q 0 0 0 rg BT 515.94 680.10 Td (will ) Tj ET Q q 0 0 0 rg BT 533.95 680.10 Td (be ) Tj ET Q q 0 0 0 rg BT 545.85 680.10 Td (able ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.82 668.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 96.23 668.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 147.65 668.10 Td (against ) Tj ET Q q 0 0 0 rg BT 178.51 668.10 Td (current ) Tj ET Q q 0 0 0 rg BT 209.37 668.10 Td (or ) Tj ET Q q 0 0 0 rg BT 220.24 668.10 Td (future ) Tj ET Q q 0 0 0 rg BT 246.66 668.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 296.41 668.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.28 668.10 Td (that ) Tj ET Q q 0 0 0 rg BT 324.82 668.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 374.56 668.10 Td (pressures ) Tj ET Q q 0 0 0 rg BT 414.32 668.10 Td (we ) Tj ET Q q 0 0 0 rg BT 428.52 668.10 Td (face ) Tj ET Q q 0 0 0 rg BT 447.70 668.10 Td (will ) Tj ET Q q 0 0 0 rg BT 465.80 668.10 Td (not ) Tj ET Q q 0 0 0 rg BT 481.12 668.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 524.20 668.10 Td (adversely ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 656.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.57 656.10 Td (our ) Tj ET Q q 0 0 0 rg BT 90.40 656.10 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 635.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 83.18 635.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.52 635.10 Td (adapt ) Tj ET Q q 0 0 0 rg BT 118.86 635.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.20 635.10 Td (technological ) Tj ET Q q 0 0 0 rg BT 187.32 635.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 223.77 635.10 Td (may ) Tj ET Q q 0 0 0 rg BT 243.55 635.10 Td (render ) Tj ET Q q 0 0 0 rg BT 273.33 635.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.35 635.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 337.91 635.10 Td (obsolete ) Tj ET Q q 0 0 0 rg BT 373.80 635.10 Td (or ) Tj ET Q q 0 0 0 rg BT 385.25 635.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 423.35 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.69 635.10 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 497.36 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.25 635.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.26 635.10 Td (solutions ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 623.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 623.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.73 623.10 Td (customers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 602.10 Td (If ) Tj ET Q q 0 0 0 rg BT 83.85 602.10 Td (new ) Tj ET Q q 0 0 0 rg BT 104.20 602.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 140.67 602.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 182.13 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.26 602.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 239.48 602.10 Td (emer) Tj ET Q q 0 0 0 rg BT 259.29 602.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 274.91 602.10 Td (or ) Tj ET Q q 0 0 0 rg BT 286.93 602.10 Td (if ) Tj ET Q q 0 0 0 rg BT 296.73 602.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 347.64 602.10 Td (introduce ) Tj ET Q q 0 0 0 rg BT 389.09 602.10 Td (new ) Tj ET Q q 0 0 0 rg BT 409.44 602.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 449.25 602.10 Td (embodying ) Tj ET Q q 0 0 0 rg BT 497.93 602.10 Td (new ) Tj ET Q q 0 0 0 rg BT 518.29 602.10 Td (services ) Tj ET Q q 0 0 0 rg BT 554.18 602.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 105.50 590.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 154.01 590.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.42 590.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.60 590.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 208.44 590.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 229.17 590.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.16 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.13 590.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 314.52 590.10 Td (may ) Tj ET Q q 0 0 0 rg BT 334.70 590.10 Td (become ) Tj ET Q q 0 0 0 rg BT 368.76 590.10 Td (obsolete. ) Tj ET Q q 0 0 0 rg BT 407.55 590.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 426.06 590.10 Td (future ) Tj ET Q q 0 0 0 rg BT 452.90 590.10 Td (success ) Tj ET Q q 0 0 0 rg BT 485.85 590.10 Td (will ) Tj ET Q q 0 0 0 rg BT 504.37 590.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 536.21 590.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.18 590.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.55 578.10 Td (to:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 561.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 561.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 140.80 561.10 Td (our ) Tj ET Q q 0 0 0 rg BT 156.63 561.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 190.80 561.10 Td (solutions;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 544.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 544.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 139.30 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.84 544.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 200.71 544.10 Td (license ) Tj ET Q q 0 0 0 rg BT 230.57 544.10 Td (new ) Tj ET Q q 0 0 0 rg BT 249.33 544.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 287.55 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.09 544.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 356.73 544.10 Td (that ) Tj ET Q q 0 0 0 rg BT 373.83 544.10 Td (address ) Tj ET Q q 0 0 0 rg BT 405.92 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.23 544.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 445.10 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.53 544.10 Td (our ) Tj ET Q q 0 0 0 rg BT 470.96 544.10 Td (prospective ) Tj ET Q q 0 0 0 rg BT 519.15 544.10 Td (customers; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 532.10 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 515.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 515.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 139.71 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.99 515.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 184.70 515.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.97 515.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 230.25 515.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 270.52 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.46 515.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 325.49 515.10 Td (on ) Tj ET Q q 0 0 0 rg BT 337.99 515.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.93 515.10 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 371.96 515.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 401.66 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.60 515.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 446.65 515.10 Td (basis.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 494.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 494.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.76 494.10 Td (must ) Tj ET Q q 0 0 0 rg BT 112.39 494.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 150.01 494.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.98 494.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 196.92 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.32 494.10 Td (features ) Tj ET Q q 0 0 0 rg BT 247.15 494.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.77 494.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 319.06 494.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.57 494.10 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 381.80 494.10 Td (other ) Tj ET Q q 0 0 0 rg BT 405.53 494.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 454.27 494.10 Td (services ) Tj ET Q q 0 0 0 rg BT 489.66 494.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.28 494.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.68 494.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 544.75 494.10 Td (Mae ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 482.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.49 482.10 Td (. ) Tj ET Q q 0 0 0 rg BT 89.56 482.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.89 482.10 Td (ef) Tj ET Q q 0 0 0 rg BT 115.47 482.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 145.45 482.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 201.25 482.10 Td (reliability ) Tj ET Q q 0 0 0 rg BT 242.90 482.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.11 482.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 307.87 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.98 482.10 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 369.80 482.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 418.12 482.10 Td (services ) Tj ET Q q 0 0 0 rg BT 453.10 482.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.32 482.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.31 482.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 506.97 482.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 527.51 482.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.50 482.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 470.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 105.09 470.10 Td (are ) Tj ET Q q 0 0 0 rg BT 119.03 470.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 148.53 470.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.04 470.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.10 470.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 215.37 470.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.54 470.10 Td (our ) Tj ET Q q 0 0 0 rg BT 246.61 470.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 273.89 470.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.40 470.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 310.11 470.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.29 470.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 350.78 470.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 398.06 470.10 Td (users ) Tj ET Q q 0 0 0 rg BT 420.34 470.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.52 470.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 457.13 470.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 476.63 470.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.62 470.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.35 470.10 Td (participants. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 458.10 Td (If ) Tj ET Q q 0 0 0 rg BT 58.46 458.10 Td (we ) Tj ET Q q 0 0 0 rg BT 72.41 458.10 Td (do ) Tj ET Q q 0 0 0 rg BT 84.71 458.10 Td (not ) Tj ET Q q 0 0 0 rg BT 99.78 458.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 136.51 458.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.59 458.10 Td (make ) Tj ET Q q 0 0 0 rg BT 170.54 458.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 220.61 458.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.69 458.10 Td (product ) Tj ET Q q 0 0 0 rg BT 263.53 458.10 Td (development ) Tj ET Q q 0 0 0 rg BT 317.48 458.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 336.71 458.10 Td (as ) Tj ET Q q 0 0 0 rg BT 347.34 458.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.07 458.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 381.08 458.10 Td (or ) Tj ET Q q 0 0 0 rg BT 391.71 458.10 Td (due ) Tj ET Q q 0 0 0 rg BT 408.45 458.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.52 458.10 Td (other ) Tj ET Q q 0 0 0 rg BT 441.36 458.10 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 476.15 458.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 491.77 458.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.85 458.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 529.12 458.10 Td (new ) Tj ET Q q 0 0 0 rg BT 548.08 458.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 446.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 73.95 446.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 107.31 446.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 146.76 446.10 Td (originators, ) Tj ET Q q 0 0 0 rg BT 194.28 446.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 227.34 446.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 265.14 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.27 446.10 Td (service ) Tj ET Q q 0 0 0 rg BT 311.27 446.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 353.23 446.10 Td (we ) Tj ET Q q 0 0 0 rg BT 366.58 446.10 Td (may ) Tj ET Q q 0 0 0 rg BT 385.49 446.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 403.28 446.10 Td (existing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.64 446.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 457.21 446.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 476.67 446.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.66 446.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.35 446.10 Td (participants, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 434.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.40 434.10 Td (could ) Tj ET Q q 0 0 0 rg BT 103.07 434.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 156.52 434.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 194.40 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.07 434.10 Td (value ) Tj ET Q q 0 0 0 rg BT 235.19 434.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.98 434.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.65 434.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 285.00 434.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 306.22 434.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.21 434.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.67 434.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.91 434.10 Td (all ) Tj ET Q q 0 0 0 rg BT 369.37 434.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 419.48 434.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.37 434.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 481.37 434.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 523.15 434.10 Td (af) Tj ET Q q 0 0 0 rg BT 530.73 434.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 549.18 434.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 422.10 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 83.12 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.40 401.10 Td (adequately ) Tj ET Q q 0 0 0 rg BT 140.33 401.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 171.16 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 188.11 401.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 236.72 401.10 Td (property ) Tj ET Q q 0 0 0 rg BT 273.66 401.10 Td (could ) Tj ET Q q 0 0 0 rg BT 298.93 401.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 323.67 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.62 401.10 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 380.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.12 380.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 135.73 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.14 380.10 Td (our ) Tj ET Q q 0 0 0 rg BT 163.54 380.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 211.04 380.10 Td (property ) Tj ET Q q 0 0 0 rg BT 247.99 380.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 276.34 380.10 Td (including ) Tj ET Q q 0 0 0 rg BT 317.18 380.10 Td (our ) Tj ET Q q 0 0 0 rg BT 333.59 380.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 381.08 380.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 429.70 380.10 Td (software ) Tj ET Q q 0 0 0 rg BT 467.20 380.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.72 380.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 506.67 380.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 527.51 380.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.50 380.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (technology) Tj ET Q q 0 0 0 rg BT 93.28 368.10 Td (, ) Tj ET Q q 0 0 0 rg BT 98.67 368.10 Td (is ) Tj ET Q q 0 0 0 rg BT 108.22 368.10 Td (crucial ) Tj ET Q q 0 0 0 rg BT 138.30 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.96 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.06 368.10 Td (success ) Tj ET Q q 0 0 0 rg BT 196.93 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.14 368.10 Td (our ) Tj ET Q q 0 0 0 rg BT 224.35 368.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 263.41 368.10 Td (W) Tj ET Q q 0 0 0 rg BT 272.05 368.10 Td (e ) Tj ET Q q 0 0 0 rg BT 279.37 368.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 297.80 368.10 Td (on ) Tj ET Q q 0 0 0 rg BT 310.68 368.10 Td (a ) Tj ET Q q 0 0 0 rg BT 318.00 368.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 370.87 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.08 368.10 Td (patent, ) Tj ET Q q 0 0 0 rg BT 411.89 368.10 Td (copyright, ) Tj ET Q q 0 0 0 rg BT 455.60 368.10 Td (trademark ) Tj ET Q q 0 0 0 rg BT 499.01 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.33 368.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 539.20 368.10 Td (secret ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (law ) Tj ET Q q 0 0 0 rg BT 67.54 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 85.59 356.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 133.61 356.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 181.65 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.04 356.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 224.41 356.10 Td (our ) Tj ET Q q 0 0 0 rg BT 241.34 356.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 289.37 356.10 Td (property) Tj ET Q q 0 0 0 rg BT 322.60 356.10 Td (. ) Tj ET Q q 0 0 0 rg BT 328.71 356.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 347.86 356.10 Td (present ) Tj ET Q q 0 0 0 rg BT 380.35 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.39 356.10 Td (future ) Tj ET Q q 0 0 0 rg BT 425.87 356.10 Td (patents ) Tj ET Q q 0 0 0 rg BT 457.81 356.10 Td (may ) Tj ET Q q 0 0 0 rg BT 478.63 356.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 512.78 356.10 Td (only ) Tj ET Q q 0 0 0 rg BT 534.17 356.10 Td (limited ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 92.08 344.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.78 344.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.15 344.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 167.62 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.10 344.10 Td (may ) Tj ET Q q 0 0 0 rg BT 203.35 344.10 Td (not ) Tj ET Q q 0 0 0 rg BT 218.17 344.10 Td (be ) Tj ET Q q 0 0 0 rg BT 229.65 344.10 Td (suf) Tj ET Q q 0 0 0 rg BT 241.69 344.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 269.27 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.08 344.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 311.67 344.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 360.92 344.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 403.49 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.30 344.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 426.73 344.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 481.26 344.10 Td (we ) Tj ET Q q 0 0 0 rg BT 494.96 344.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 523.65 344.10 Td (guarantee ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (any ) Tj ET Q q 0 0 0 rg BT 65.60 332.10 Td (patents ) Tj ET Q q 0 0 0 rg BT 95.59 332.10 Td (will ) Tj ET Q q 0 0 0 rg BT 112.81 332.10 Td (be ) Tj ET Q q 0 0 0 rg BT 123.91 332.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 150.57 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.01 332.10 Td (us ) Tj ET Q q 0 0 0 rg BT 170.56 332.10 Td (as ) Tj ET Q q 0 0 0 rg BT 180.55 332.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.65 332.10 Td (result ) Tj ET Q q 0 0 0 rg BT 210.53 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.52 332.10 Td (our ) Tj ET Q q 0 0 0 rg BT 235.51 332.10 Td (patent ) Tj ET Q q 0 0 0 rg BT 261.61 332.10 Td (applications. ) Tj ET Q q 0 0 0 rg BT 313.97 332.10 Td (W) Tj ET Q q 0 0 0 rg BT 322.61 332.10 Td (e ) Tj ET Q q 0 0 0 rg BT 328.71 332.10 Td (also ) Tj ET Q q 0 0 0 rg BT 346.48 332.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 363.69 332.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.13 332.10 Td (part ) Tj ET Q q 0 0 0 rg BT 390.34 332.10 Td (on ) Tj ET Q q 0 0 0 rg BT 402.00 332.10 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 461.97 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.07 332.10 Td (invention ) Tj ET Q q 0 0 0 rg BT 517.51 332.10 Td (assignment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 98.20 320.10 Td (with ) Tj ET Q q 0 0 0 rg BT 119.14 320.10 Td (our ) Tj ET Q q 0 0 0 rg BT 135.64 320.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 184.07 320.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 236.11 320.10 Td (contractors ) Tj ET Q q 0 0 0 rg BT 283.70 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.30 320.10 Td (consultants. ) Tj ET Q q 0 0 0 rg BT 351.97 320.10 Td (Despite ) Tj ET Q q 0 0 0 rg BT 385.68 320.10 Td (our ) Tj ET Q q 0 0 0 rg BT 402.18 320.10 Td (ef) Tj ET Q q 0 0 0 rg BT 409.76 320.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 431.26 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.21 320.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 473.14 320.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.63 320.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 537.22 320.10 Td (rights, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 104.32 308.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 133.58 308.10 Td (may ) Tj ET Q q 0 0 0 rg BT 153.42 308.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 186.02 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.41 308.10 Td (copy ) Tj ET Q q 0 0 0 rg BT 218.46 308.10 Td (aspects ) Tj ET Q q 0 0 0 rg BT 249.95 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.90 308.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.84 308.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 298.34 308.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 318.72 308.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.71 308.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.32 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.38 308.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 421.54 308.10 Td (features ) Tj ET Q q 0 0 0 rg BT 455.80 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.85 308.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 526.56 308.10 Td (or ) Tj ET Q q 0 0 0 rg BT 537.50 308.10 Td (obtain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 296.10 Td (use ) Tj ET Q q 0 0 0 rg BT 82.27 296.10 Td (information ) Tj ET Q q 0 0 0 rg BT 131.98 296.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.48 296.10 Td (we ) Tj ET Q q 0 0 0 rg BT 163.64 296.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 200.01 296.10 Td (proprietary) Tj ET Q q 0 0 0 rg BT 243.79 296.10 Td (. ) Tj ET Q q 0 0 0 rg BT 248.79 296.10 Td (Enforcing ) Tj ET Q q 0 0 0 rg BT 291.27 296.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.10 296.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 354.03 296.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 379.30 296.10 Td (is ) Tj ET Q q 0 0 0 rg BT 388.47 296.10 Td (dif) Tj ET Q q 0 0 0 rg BT 399.40 296.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 423.01 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.94 296.10 Td (may ) Tj ET Q q 0 0 0 rg BT 459.66 296.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.94 296.10 Td (always ) Tj ET Q q 0 0 0 rg BT 505.21 296.10 Td (be ) Tj ET Q q 0 0 0 rg BT 517.15 296.10 Td (ef) Tj ET Q q 0 0 0 rg BT 524.73 296.10 Td (fective.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 275.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 275.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.28 275.10 Td (have ) Tj ET Q q 0 0 0 rg BT 110.86 275.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 152.98 275.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 179.00 275.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 203.91 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.05 275.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 278.18 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.32 275.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 325.22 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.25 275.10 Td (our ) Tj ET Q q 0 0 0 rg BT 352.29 275.10 Td (other ) Tj ET Q q 0 0 0 rg BT 375.53 275.10 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 422.66 275.10 Td (as ) Tj ET Q q 0 0 0 rg BT 433.69 275.10 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 480.82 275.10 Td (in ) Tj ET Q q 0 0 0 rg BT 491.30 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.22 275.10 Td (United ) Tj ET Q q 0 0 0 rg BT 536.13 275.10 Td (States. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (Competitors ) Tj ET Q q 0 0 0 rg BT 101.69 263.10 Td (may ) Tj ET Q q 0 0 0 rg BT 121.66 263.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 146.62 263.10 Td (service ) Tj ET Q q 0 0 0 rg BT 177.69 263.10 Td (names ) Tj ET Q q 0 0 0 rg BT 205.98 263.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 236.51 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.03 263.10 Td (ours, ) Tj ET Q q 0 0 0 rg BT 269.50 263.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 302.24 263.10 Td (impeding ) Tj ET Q q 0 0 0 rg BT 342.76 263.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.84 263.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 387.14 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.67 263.10 Td (build ) Tj ET Q q 0 0 0 rg BT 420.97 263.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 446.49 263.10 Td (identity ) Tj ET Q q 0 0 0 rg BT 479.79 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.98 263.10 Td (possibly ) Tj ET Q q 0 0 0 rg BT 533.07 263.10 Td (leading ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.05 251.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 99.47 251.10 Td (confusion. ) Tj ET Q q 0 0 0 rg BT 144.17 251.10 Td (In ) Tj ET Q q 0 0 0 rg BT 155.27 251.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 193.31 251.10 Td (there ) Tj ET Q q 0 0 0 rg BT 216.07 251.10 Td (could ) Tj ET Q q 0 0 0 rg BT 241.05 251.10 Td (be ) Tj ET Q q 0 0 0 rg BT 253.26 251.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 291.01 251.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 313.77 251.10 Td (name ) Tj ET Q q 0 0 0 rg BT 338.19 251.10 Td (or ) Tj ET Q q 0 0 0 rg BT 349.29 251.10 Td (trademark ) Tj ET Q q 0 0 0 rg BT 392.59 251.10 Td (infringement ) Tj ET Q q 0 0 0 rg BT 447.01 251.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 475.88 251.10 Td (brought ) Tj ET Q q 0 0 0 rg BT 509.75 251.10 Td (by ) Tj ET Q q 0 0 0 rg BT 522.52 251.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 554.17 251.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (other ) Tj ET Q q 0 0 0 rg BT 72.36 239.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 114.09 239.10 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 160.83 239.10 Td (or ) Tj ET Q q 0 0 0 rg BT 171.47 239.10 Td (trademarks ) Tj ET Q q 0 0 0 rg BT 218.21 239.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.52 239.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 283.36 239.10 Td (variations ) Tj ET Q q 0 0 0 rg BT 325.11 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.75 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.28 239.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 374.81 239.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 396.00 239.10 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 418.58 239.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 466.44 239.10 Td (or ) Tj ET Q q 0 0 0 rg BT 477.08 239.10 Td (our ) Tj ET Q q 0 0 0 rg BT 492.72 239.10 Td (other ) Tj ET Q q 0 0 0 rg BT 515.58 239.10 Td (trademarks.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 218.10 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 115.04 218.10 Td (or ) Tj ET Q q 0 0 0 rg BT 125.47 218.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 175.89 218.10 Td (before ) Tj ET Q q 0 0 0 rg BT 203.53 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.84 218.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 237.73 218.10 Td (Patent ) Tj ET Q q 0 0 0 rg BT 264.82 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.21 218.10 Td (T) Tj ET Q q 0 0 0 rg BT 286.97 218.10 Td (rademark ) Tj ET Q q 0 0 0 rg BT 326.82 218.10 Td (Of) Tj ET Q q 0 0 0 rg BT 337.19 218.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 354.28 218.10 Td (or ) Tj ET Q q 0 0 0 rg BT 364.71 218.10 Td (other ) Tj ET Q q 0 0 0 rg BT 387.36 218.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 444.44 218.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 488.75 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.29 218.10 Td (administrative ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (bodies ) Tj ET Q q 0 0 0 rg BT 77.73 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.63 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.97 206.10 Td (United ) Tj ET Q q 0 0 0 rg BT 131.31 206.10 Td (States ) Tj ET Q q 0 0 0 rg BT 157.32 206.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.88 206.10 Td (abroad ) Tj ET Q q 0 0 0 rg BT 203.21 206.10 Td (may ) Tj ET Q q 0 0 0 rg BT 222.55 206.10 Td (be ) Tj ET Q q 0 0 0 rg BT 234.12 206.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 275.11 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.01 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.35 206.10 Td (future ) Tj ET Q q 0 0 0 rg BT 325.35 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.25 206.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 367.35 206.10 Td (our ) Tj ET Q q 0 0 0 rg BT 382.80 206.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 429.35 206.10 Td (property ) Tj ET Q q 0 0 0 rg BT 465.35 206.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 492.75 206.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 522.63 206.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.09 206.10 Td (patent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.18 194.10 Td (copyright ) Tj ET Q q 0 0 0 rg BT 106.75 194.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 134.27 194.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 156.49 194.10 Td (secrets ) Tj ET Q q 0 0 0 rg BT 185.94 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.62 194.10 Td (domain ) Tj ET Q q 0 0 0 rg BT 234.86 194.10 Td (names ) Tj ET Q q 0 0 0 rg BT 262.64 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.32 194.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 321.55 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.00 194.10 Td (validity ) Tj ET Q q 0 0 0 rg BT 368.80 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.48 194.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 410.49 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.06 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.52 194.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 482.18 194.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 507.20 194.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.77 194.10 Td (others. ) Tj ET Q q 0 0 0 rg BT 546.95 194.10 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 182.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 77.23 182.10 Td (to ) Tj ET Q q 0 0 0 rg BT 86.83 182.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 118.62 182.10 Td (or ) Tj ET Q q 0 0 0 rg BT 128.77 182.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 158.35 182.10 Td (our ) Tj ET Q q 0 0 0 rg BT 173.49 182.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 219.73 182.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 244.33 182.10 Td (may ) Tj ET Q q 0 0 0 rg BT 263.36 182.10 Td (be ) Tj ET Q q 0 0 0 rg BT 274.62 182.10 Td (inef) Tj ET Q q 0 0 0 rg BT 289.98 182.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 319.00 182.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.26 182.10 Td (could ) Tj ET Q q 0 0 0 rg BT 359.29 182.10 Td (result ) Tj ET Q q 0 0 0 rg BT 383.32 182.10 Td (in ) Tj ET Q q 0 0 0 rg BT 392.92 182.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 437.51 182.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 459.32 182.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.58 182.10 Td (diversion ) Tj ET Q q 0 0 0 rg BT 514.61 182.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.76 182.10 Td (resources ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 170.10 Td (could ) Tj ET Q q 0 0 0 rg BT 91.16 170.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 114.20 170.10 Td (our ) Tj ET Q q 0 0 0 rg BT 130.03 170.10 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (Assertions ) Tj ET Q q 0 0 0 rg BT 94.66 149.10 Td (that ) Tj ET Q q 0 0 0 rg BT 113.15 149.10 Td (we ) Tj ET Q q 0 0 0 rg BT 126.63 149.10 Td (infringe ) Tj ET Q q 0 0 0 rg BT 162.34 149.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 209.16 149.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 257.63 149.10 Td (property ) Tj ET Q q 0 0 0 rg BT 294.44 149.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 320.71 149.10 Td (could ) Tj ET Q q 0 0 0 rg BT 345.86 149.10 Td (result ) Tj ET Q q 0 0 0 rg BT 371.57 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.28 149.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 428.55 149.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 450.92 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.85 149.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 523.45 149.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 548.05 149.10 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 116.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 97.89 116.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 126.17 116.10 Td (have ) Tj ET Q q 0 0 0 rg BT 146.67 116.10 Td (asserted, ) Tj ET Q q 0 0 0 rg BT 183.00 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.06 116.10 Td (may ) Tj ET Q q 0 0 0 rg BT 217.90 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.31 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.15 116.10 Td (future ) Tj ET Q q 0 0 0 rg BT 266.65 116.10 Td (assert, ) Tj ET Q q 0 0 0 rg BT 293.54 116.10 Td (that ) Tj ET Q q 0 0 0 rg BT 310.16 116.10 Td (we ) Tj ET Q q 0 0 0 rg BT 323.44 116.10 Td (have ) Tj ET Q q 0 0 0 rg BT 343.94 116.10 Td (infringed ) Tj ET Q q 0 0 0 rg BT 382.22 116.10 Td (their ) Tj ET Q q 0 0 0 rg BT 402.17 116.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 448.22 116.10 Td (property ) Tj ET Q q 0 0 0 rg BT 483.72 116.10 Td (rights. ) Tj ET Q q 0 0 0 rg BT 510.62 116.10 Td (For ) Tj ET Q q 0 0 0 rg BT 526.13 116.10 Td (example, ) Tj ET Q BT 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0 0 rg BT 49.50 92.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.83 92.10 Td (our ) Tj ET Q q 0 0 0 rg BT 82.50 92.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 130.38 92.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 149.93 92.10 Td (management ) Tj ET Q q 0 0 0 rg BT 203.35 92.10 Td (software ) Tj ET Q q 0 0 0 rg BT 240.12 92.10 Td (system ) Tj ET Q q 0 0 0 rg BT 270.23 92.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.01 92.10 Td (related ) Tj ET Q q 0 0 0 rg BT 316.54 92.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 360.54 92.10 Td (infringes ) Tj ET Q q 0 0 0 rg BT 398.42 92.10 Td (a ) Tj ET Q q 0 0 0 rg BT 405.19 92.10 Td (patent ) Tj ET Q q 0 0 0 rg BT 431.96 92.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.73 92.10 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.07 92.10 Td (March ) Tj ET Q q 0 0 0 rg BT 489.50 92.10 Td (19, ) Tj ET Q q 0 0 0 rg BT 504.34 92.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 529.17 92.10 Td (Industry ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td (Access ) Tj ET Q q 0 0 0 rg BT 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(Note ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.64 68.10 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.64 68.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.27 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.23 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.08 68.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 154.04 68.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.44 68.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 213.51 68.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 269.92 68.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 310.76 68.10 Td (Statements. ) Tj ET Q q 0 0 0 rg BT 360.77 68.10 Td (In ) Tj ET Q q 0 0 0 rg BT 372.73 68.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 411.64 68.10 Td (we ) Tj ET Q q 0 0 0 rg BT 426.93 68.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 467.76 68.10 Td (agree ) Tj ET Q q 0 0 0 rg BT 493.04 68.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.44 68.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 549.18 68.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 56.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 92.57 56.10 Td (against ) Tj ET Q q 0 0 0 rg BT 123.41 56.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 145.36 56.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 173.99 56.10 Td (that ) Tj ET Q q 0 0 0 rg BT 191.50 56.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.35 56.10 Td (software ) Tj ET Q q 0 0 0 rg BT 244.30 56.10 Td (products ) Tj ET Q q 0 0 0 rg BT 281.26 56.10 Td (infringe ) Tj ET Q q 0 0 0 rg BT 315.43 56.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 362.38 56.10 Td (property ) Tj ET Q q 0 0 0 rg BT 398.77 56.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 424.07 56.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.92 56.10 Td (third ) Tj ET Q q 0 0 0 rg BT 456.33 56.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 485.50 56.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 504.96 56.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.26 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.99 56.10 Td (event ) Tj ET Q q 0 0 0 rg BT 554.17 56.10 Td (of ) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.40 740.10 Td (infringement, ) Tj ET Q q 0 0 0 rg BT 118.00 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.24 740.10 Td (modify ) Tj ET Q q 0 0 0 rg BT 159.58 740.10 Td (or ) Tj ET Q q 0 0 0 rg BT 170.37 740.10 Td (replace ) Tj ET Q q 0 0 0 rg BT 201.69 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.37 740.10 Td (infringing ) Tj ET Q q 0 0 0 rg BT 258.82 740.10 Td (product ) Tj ET Q q 0 0 0 rg BT 291.82 740.10 Td (or) Tj ET Q q 0 0 0 rg BT 299.75 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 304.71 740.10 Td (if ) Tj ET Q q 0 0 0 rg BT 313.28 740.10 Td (those ) Tj ET Q q 0 0 0 rg BT 336.84 740.10 Td (options ) Tj ET Q q 0 0 0 rg BT 368.75 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 383.41 740.10 Td (not ) Tj ET Q q 0 0 0 rg BT 398.65 740.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 444.42 740.10 Td (possible, ) Tj ET Q q 0 0 0 rg BT 482.16 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.39 740.10 Td (refund ) Tj ET Q q 0 0 0 rg BT 520.95 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.62 740.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 554.19 740.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.39 728.10 Td (software, ) Tj ET Q q 0 0 0 rg BT 103.99 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 114.99 728.10 Td (pro-rated ) Tj ET Q q 0 0 0 rg BT 154.30 728.10 Td (over ) Tj ET Q q 0 0 0 rg BT 174.74 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 181.85 728.10 Td (period ) Tj ET Q q 0 0 0 rg BT 210.07 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.07 728.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 247.15 728.10 Td (W) Tj ET Q q 0 0 0 rg BT 255.79 728.10 Td (e ) Tj ET Q q 0 0 0 rg BT 262.90 728.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 292.22 728.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 322.66 728.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 357.53 728.10 Td (assertions ) Tj ET Q q 0 0 0 rg BT 399.64 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.65 728.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 456.08 728.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 503.17 728.10 Td (property ) Tj ET Q q 0 0 0 rg BT 539.72 728.10 Td (rights ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.83 716.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 87.94 716.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 117.16 716.10 Td (from ) Tj ET Q q 0 0 0 rg BT 138.61 716.10 Td (such ) Tj ET Q q 0 0 0 rg BT 158.94 716.10 Td (assertions ) Tj ET Q q 0 0 0 rg BT 200.38 716.10 Td (will ) Tj ET Q q 0 0 0 rg BT 217.94 716.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 270.50 716.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 293.05 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 308.39 716.10 Td (business ) Tj ET Q q 0 0 0 rg BT 344.28 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.73 716.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 400.49 716.10 Td (results. ) Tj ET Q q 0 0 0 rg BT 431.11 716.10 Td (If ) Tj ET Q q 0 0 0 rg BT 439.77 716.10 Td (we ) Tj ET Q q 0 0 0 rg BT 453.44 716.10 Td (are ) Tj ET Q q 0 0 0 rg BT 467.65 716.10 Td (forced ) Tj ET Q q 0 0 0 rg BT 495.19 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.97 716.10 Td (defend ) Tj ET Q q 0 0 0 rg BT 534.18 716.10 Td (against ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.28 704.10 Td (infringement ) Tj ET Q q 0 0 0 rg BT 120.27 704.10 Td (claims, ) Tj ET Q q 0 0 0 rg BT 151.21 704.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 185.76 704.10 Td (they ) Tj ET Q q 0 0 0 rg BT 205.32 704.10 Td (are ) Tj ET Q q 0 0 0 rg BT 219.87 704.10 Td (with ) Tj ET Q q 0 0 0 rg BT 239.98 704.10 Td (or ) Tj ET Q q 0 0 0 rg BT 250.65 704.10 Td (without ) Tj ET Q q 0 0 0 rg BT 283.55 704.10 Td (merit ) Tj ET Q q 0 0 0 rg BT 307.00 704.10 Td (or ) Tj ET Q q 0 0 0 rg BT 317.67 704.10 Td (are ) Tj ET Q q 0 0 0 rg BT 332.21 704.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 379.53 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.65 704.10 Td (our ) Tj ET Q q 0 0 0 rg BT 405.32 704.10 Td (favor) Tj ET Q q 0 0 0 rg BT 426.02 704.10 Td (, ) Tj ET Q q 0 0 0 rg BT 430.86 704.10 Td (we ) Tj ET Q q 0 0 0 rg BT 444.86 704.10 Td (may ) Tj ET Q q 0 0 0 rg BT 464.42 704.10 Td (face ) Tj ET Q q 0 0 0 rg BT 483.40 704.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 509.63 704.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 548.08 704.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (diversion ) Tj ET Q q 0 0 0 rg BT 88.88 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.38 692.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 137.64 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.24 692.10 Td (management ) Tj ET Q q 0 0 0 rg BT 207.50 692.10 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 251.04 692.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 305.69 692.10 Td (an ) Tj ET Q q 0 0 0 rg BT 317.30 692.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 350.00 692.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 386.60 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.10 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 403.71 692.10 Td (dispute ) Tj ET Q q 0 0 0 rg BT 434.76 692.10 Td (may ) Tj ET Q q 0 0 0 rg BT 454.14 692.10 Td (require ) Tj ET Q q 0 0 0 rg BT 484.63 692.10 Td (us ) Tj ET Q q 0 0 0 rg BT 495.69 692.10 Td (to: ) Tj ET Q q 0 0 0 rg BT 508.41 692.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 525.01 692.10 Td (damages, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 95.14 680.10 Td (including ) Tj ET Q q 0 0 0 rg BT 135.79 680.10 Td (treble ) Tj ET Q q 0 0 0 rg BT 161.43 680.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 199.29 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.61 680.10 Td (attorneys) Tj ET Q q 0 0 0 rg BT 255.85 680.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.73 680.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 277.70 680.10 Td (if ) Tj ET Q q 0 0 0 rg BT 286.69 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.78 680.10 Td (infringement ) Tj ET Q q 0 0 0 rg BT 356.31 680.10 Td (were ) Tj ET Q q 0 0 0 rg BT 378.61 680.10 Td (found ) Tj ET Q q 0 0 0 rg BT 404.82 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.47 680.10 Td (be ) Tj ET Q q 0 0 0 rg BT 427.79 680.10 Td (willful; ) Tj ET Q q 0 0 0 rg BT 460.11 680.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 484.63 680.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 526.39 680.10 Td (solutions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.89 668.10 Td (allegedly ) Tj ET Q q 0 0 0 rg BT 105.94 668.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 153.87 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.49 668.10 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 215.31 668.10 Td (property ) Tj ET Q q 0 0 0 rg BT 251.59 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.32 668.10 Td (others; ) Tj ET Q q 0 0 0 rg BT 291.93 668.10 Td (expend ) Tj ET Q q 0 0 0 rg BT 323.21 668.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 365.60 668.10 Td (development ) Tj ET Q q 0 0 0 rg BT 419.65 668.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 459.81 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.98 668.10 Td (redesign ) Tj ET Q q 0 0 0 rg BT 506.26 668.10 Td (or ) Tj ET Q q 0 0 0 rg BT 516.99 668.10 Td (re-engineer ) Tj ET Q BT /F2 10.00 Tf ET q 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BT 49.50 644.10 Td (right ) Tj ET Q q 0 0 0 rg BT 70.83 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.05 644.10 Td (use ) Tj ET Q q 0 0 0 rg BT 96.82 644.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 138.13 644.10 Td (technologies. ) Tj ET Q q 0 0 0 rg BT 193.44 644.10 Td (W) Tj ET Q q 0 0 0 rg BT 202.08 644.10 Td (e ) Tj ET Q q 0 0 0 rg BT 208.96 644.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 238.06 644.10 Td (be ) Tj ET Q q 0 0 0 rg BT 249.94 644.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 279.59 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.36 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.02 644.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 341.89 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.67 644.10 Td (any ) Tj ET Q q 0 0 0 rg BT 369.55 644.10 Td (litigation. ) Tj ET Q q 0 0 0 rg BT 410.06 644.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 429.73 644.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 460.49 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 471.27 644.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 509.81 644.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 556.40 644.10 Td (if ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 87.56 632.10 Td (may ) Tj ET Q q 0 0 0 rg BT 107.01 632.10 Td (not ) Tj ET Q q 0 0 0 rg BT 122.03 632.10 Td (be ) Tj ET Q q 0 0 0 rg BT 133.71 632.10 Td (available ) Tj ET Q q 0 0 0 rg BT 172.04 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.06 632.10 Td (us ) Tj ET Q q 0 0 0 rg BT 193.19 632.10 Td (on ) Tj ET Q q 0 0 0 rg BT 205.43 632.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 249.86 632.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 274.31 632.10 Td (or ) Tj ET Q q 0 0 0 rg BT 284.88 632.10 Td (at ) Tj ET Q q 0 0 0 rg BT 294.34 632.10 Td (all. ) Tj ET Q q 0 0 0 rg BT 309.08 632.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 326.87 632.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 355.20 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.22 632.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 392.46 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.91 632.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 448.02 632.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 481.92 632.10 Td (or ) Tj ET Q q 0 0 0 rg BT 492.49 632.10 Td (other ) Tj ET Q q 0 0 0 rg BT 515.27 632.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 540.29 632.10 Td (could ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 82.27 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.26 620.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 115.59 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 126.70 620.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 175.59 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.70 620.10 Td (some ) Tj ET Q q 0 0 0 rg BT 210.59 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.70 620.10 Td (our ) Tj ET Q q 0 0 0 rg BT 237.81 620.10 Td (products ) Tj ET Q q 0 0 0 rg BT 275.03 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.25 620.10 Td (services ) Tj ET Q q 0 0 0 rg BT 327.23 620.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 346.95 620.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 388.31 620.10 Td (could ) Tj ET Q q 0 0 0 rg BT 413.31 620.10 Td (have ) Tj ET Q q 0 0 0 rg BT 434.97 620.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.19 620.10 Td (material ) Tj ET Q q 0 0 0 rg BT 477.72 620.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 511.04 620.10 Td (ef) Tj ET Q q 0 0 0 rg BT 518.63 620.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 536.39 620.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.17 620.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 84.79 587.10 Td (or ) Tj ET Q q 0 0 0 rg BT 96.18 587.10 Td (future ) Tj ET Q q 0 0 0 rg BT 124.25 587.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 163.98 587.10 Td (could ) Tj ET Q q 0 0 0 rg BT 189.26 587.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 243.99 587.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 268.72 587.10 Td (our ) Tj ET Q q 0 0 0 rg BT 285.68 587.10 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 566.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 566.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.93 566.10 Td (have ) Tj ET Q q 0 0 0 rg BT 110.16 566.10 Td (been ) Tj ET Q q 0 0 0 rg BT 131.38 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.17 566.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 184.96 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.09 566.10 Td (be ) Tj ET Q q 0 0 0 rg BT 206.88 566.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 244.22 566.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.35 566.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 276.14 566.10 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 329.30 566.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 357.76 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.55 566.10 Td (other ) Tj ET Q q 0 0 0 rg BT 397.45 566.10 Td (litigation. ) Tj ET Q q 0 0 0 rg BT 438.40 566.10 Td (For ) Tj ET Q q 0 0 0 rg BT 454.65 566.10 Td (more ) Tj ET Q q 0 0 0 rg BT 477.55 566.10 Td (on ) Tj ET Q q 0 0 0 rg BT 489.90 566.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 511.68 566.10 Td (proceedings, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (see ) Tj ET Q q 0 0 0 rg BT 64.77 554.10 Td (Note ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.71 554.10 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.71 554.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.21 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.04 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.75 554.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 145.58 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.86 554.10 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 202.80 554.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 258.07 554.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 297.79 554.10 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 533.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 533.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.18 533.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.99 533.10 Td (also ) Tj ET Q q 0 0 0 rg BT 122.71 533.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 153.64 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.02 533.10 Td (various ) Tj ET Q q 0 0 0 rg BT 196.06 533.10 Td (other ) Tj ET Q q 0 0 0 rg BT 219.22 533.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 241.25 533.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 292.17 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.22 533.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 337.93 533.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 367.75 533.10 Td (out ) Tj ET Q q 0 0 0 rg BT 383.13 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.07 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.89 533.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 445.37 533.10 Td (course ) Tj ET Q q 0 0 0 rg BT 474.07 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.01 533.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 523.82 533.10 Td (While ) Tj ET Q q 0 0 0 rg BT 550.86 533.10 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (do ) Tj ET Q q 0 0 0 rg BT 62.13 521.10 Td (not ) Tj ET Q q 0 0 0 rg BT 77.54 521.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 106.27 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.12 521.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 158.19 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.15 521.10 Td (any ) Tj ET Q q 0 0 0 rg BT 186.22 521.10 Td (such ) Tj ET Q q 0 0 0 rg BT 207.19 521.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 242.04 521.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 280.78 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.19 521.10 Td (have ) Tj ET Q q 0 0 0 rg BT 312.70 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 319.77 521.10 Td (material ) Tj ET Q q 0 0 0 rg BT 355.17 521.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 388.34 521.10 Td (ef) Tj ET Q q 0 0 0 rg BT 395.92 521.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 413.54 521.10 Td (on ) Tj ET Q q 0 0 0 rg BT 426.18 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.14 521.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 479.75 521.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 517.11 521.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 555.85 521.10 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (unpredictable ) Tj ET Q q 0 0 0 rg BT 106.29 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.09 509.10 Td (excessive ) Tj ET Q q 0 0 0 rg BT 163.77 509.10 Td (verdicts, ) Tj ET Q q 0 0 0 rg BT 200.30 509.10 Td (both ) Tj ET Q q 0 0 0 rg BT 220.44 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.59 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.17 509.10 Td (form ) Tj ET Q q 0 0 0 rg BT 266.98 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.67 509.10 Td (monetary ) Tj ET Q q 0 0 0 rg BT 317.81 509.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 355.16 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.96 509.10 Td (injunctions, ) Tj ET Q q 0 0 0 rg BT 421.27 509.10 Td (could ) Tj ET Q q 0 0 0 rg BT 445.86 509.10 Td (occur) Tj ET Q q 0 0 0 rg BT 467.51 509.10 Td (. ) Tj ET Q q 0 0 0 rg BT 472.38 509.10 Td (In ) Tj ET Q q 0 0 0 rg BT 483.08 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.66 509.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 526.41 509.10 Td (litigation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.29 497.10 Td (result ) Tj ET Q q 0 0 0 rg BT 99.08 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.43 497.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 154.78 497.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 177.35 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.36 497.10 Td (diversion ) Tj ET Q q 0 0 0 rg BT 234.15 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.06 497.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 285.39 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.40 497.10 Td (we ) Tj ET Q q 0 0 0 rg BT 316.63 497.10 Td (could ) Tj ET Q q 0 0 0 rg BT 341.42 497.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 364.54 497.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 408.78 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 419.69 497.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 442.24 497.10 Td (into ) Tj ET Q q 0 0 0 rg BT 460.37 497.10 Td (settlements ) Tj ET Q q 0 0 0 rg BT 507.94 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.84 497.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 547.52 497.10 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.22 485.10 Td (have ) Tj ET Q q 0 0 0 rg BT 95.59 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 102.53 485.10 Td (material ) Tj ET Q q 0 0 0 rg BT 137.79 485.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 170.83 485.10 Td (ef) Tj ET Q q 0 0 0 rg BT 178.42 485.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 195.90 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 208.40 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 224.23 485.10 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (If ) Tj ET Q q 0 0 0 rg BT 60.09 464.10 Td (we ) Tj ET Q q 0 0 0 rg BT 74.57 464.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 91.83 464.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.98 464.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 143.59 464.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 174.18 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.12 464.10 Td (ef) Tj ET Q q 0 0 0 rg BT 200.70 464.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 230.72 464.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 266.88 464.10 Td (controls, ) Tj ET Q q 0 0 0 rg BT 306.09 464.10 Td (our ) Tj ET Q q 0 0 0 rg BT 323.91 464.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 352.83 464.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.98 464.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 400.69 464.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 439.60 464.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.20 464.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 526.91 464.10 Td (could ) Tj ET Q q 0 0 0 rg BT 553.06 464.10 Td (be ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 91.58 452.10 Td (which ) Tj ET Q q 0 0 0 rg BT 119.50 452.10 Td (could ) Tj ET Q q 0 0 0 rg BT 145.19 452.10 Td (result ) Tj ET Q q 0 0 0 rg BT 171.44 452.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.70 452.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.61 452.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 209.08 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.33 452.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 256.02 452.10 Td (confidence ) Tj ET Q q 0 0 0 rg BT 303.91 452.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.17 452.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.53 452.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 372.67 452.10 Td (reports, ) Tj ET Q q 0 0 0 rg BT 406.98 452.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 453.78 452.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 493.36 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.05 452.10 Td (remediate ) Tj ET Q q 0 0 0 rg BT 547.50 452.10 Td (any ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 84.79 440.10 Td (control ) Tj ET Q q 0 0 0 rg BT 116.74 440.10 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 167.55 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.61 440.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 229.22 440.10 Td (have ) Tj ET Q q 0 0 0 rg BT 251.16 440.10 Td (an ) Tj ET Q q 0 0 0 rg BT 264.22 440.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 297.82 440.10 Td (ef) Tj ET Q q 0 0 0 rg BT 305.40 440.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 322.89 440.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.95 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.23 440.10 Td (market ) Tj ET Q q 0 0 0 rg BT 382.62 440.10 Td (price ) Tj ET Q q 0 0 0 rg BT 405.66 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.49 440.10 Td (our ) Tj ET Q q 0 0 0 rg BT 433.45 440.10 Td (common ) Tj ET Q q 0 0 0 rg BT 471.50 440.10 Td (stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 419.10 Td (As ) Tj ET Q q 0 0 0 rg BT 87.43 419.10 Td (a ) Tj ET Q q 0 0 0 rg BT 94.68 419.10 Td (publicly-traded ) Tj ET Q q 0 0 0 rg BT 158.59 419.10 Td (company) Tj ET Q q 0 0 0 rg BT 194.59 419.10 Td (, ) Tj ET Q q 0 0 0 rg BT 199.91 419.10 Td (we ) Tj ET Q q 0 0 0 rg BT 214.38 419.10 Td (are ) Tj ET Q q 0 0 0 rg BT 229.40 419.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 260.54 419.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.14 419.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 320.04 419.10 Td (with, ) Tj ET Q q 0 0 0 rg BT 343.13 419.10 Td (among ) Tj ET Q q 0 0 0 rg BT 373.17 419.10 Td (other ) Tj ET Q q 0 0 0 rg BT 396.53 419.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 446.28 419.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 479.09 419.10 Td (404 ) Tj ET Q q 0 0 0 rg BT 496.90 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.05 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.08 419.10 Td (Sarbanes-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (Oxley ) Tj ET Q q 0 0 0 rg BT 75.99 407.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 93.06 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.02 407.10 Td (2002, ) Tj ET Q q 0 0 0 rg BT 129.15 407.10 Td (or ) Tj ET Q q 0 0 0 rg BT 140.11 407.10 Td (SOX, ) Tj ET Q q 0 0 0 rg BT 165.25 407.10 Td (which ) Tj ET Q q 0 0 0 rg BT 192.32 407.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 227.15 407.10 Td (that ) Tj ET Q q 0 0 0 rg BT 244.78 407.10 Td (we ) Tj ET Q q 0 0 0 rg BT 259.07 407.10 Td (test ) Tj ET Q q 0 0 0 rg BT 275.59 407.10 Td (our ) Tj ET Q q 0 0 0 rg BT 291.55 407.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 324.72 407.10 Td (control ) Tj ET Q q 0 0 0 rg BT 355.68 407.10 Td (over ) Tj ET Q q 0 0 0 rg BT 376.08 407.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 413.69 407.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 452.97 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.04 407.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 513.22 407.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 548.07 407.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 395.10 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 99.02 395.10 Td (Ensuring ) Tj ET Q q 0 0 0 rg BT 138.29 395.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.44 395.10 Td (we ) Tj ET Q q 0 0 0 rg BT 171.26 395.10 Td (have ) Tj ET Q q 0 0 0 rg BT 193.29 395.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 231.98 395.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 265.68 395.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 303.82 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.41 395.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 368.44 395.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 403.81 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.41 395.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 468.43 395.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.37 395.10 Td (place ) Tj ET Q q 0 0 0 rg BT 503.62 395.10 Td (so ) Tj ET Q q 0 0 0 rg BT 515.67 395.10 Td (that ) Tj ET Q q 0 0 0 rg BT 533.82 395.10 Td (we ) Tj ET Q q 0 0 0 rg BT 548.64 395.10 Td (can ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 83.10 383.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 117.80 383.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.18 383.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 197.79 383.10 Td (on ) Tj ET Q q 0 0 0 rg BT 209.18 383.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.02 383.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 241.97 383.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 263.36 383.10 Td (is ) Tj ET Q q 0 0 0 rg BT 271.43 383.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.26 383.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 302.55 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.38 383.10 Td (time-consuming ) Tj ET Q q 0 0 0 rg BT 384.77 383.10 Td (ef) Tj ET Q q 0 0 0 rg BT 392.36 383.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 408.19 383.10 Td (that ) Tj ET Q q 0 0 0 rg BT 424.58 383.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 448.75 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.92 383.10 Td (be ) Tj ET Q q 0 0 0 rg BT 468.76 383.10 Td (re-evaluated ) Tj ET Q q 0 0 0 rg BT 519.56 383.10 Td (frequently) Tj ET Q q 0 0 0 rg BT 560.01 383.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.89 371.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 116.81 371.10 Td (with ) Tj ET Q q 0 0 0 rg BT 137.43 371.10 Td (SOX ) Tj ET Q q 0 0 0 rg BT 160.27 371.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 195.32 371.10 Td (that ) Tj ET Q q 0 0 0 rg BT 213.15 371.10 Td (we ) Tj ET Q q 0 0 0 rg BT 227.64 371.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 251.03 371.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 296.64 371.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 331.68 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.96 371.10 Td (expend ) Tj ET Q q 0 0 0 rg BT 380.67 371.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 425.72 371.10 Td (management ) Tj ET Q q 0 0 0 rg BT 479.65 371.10 Td (time ) Tj ET Q q 0 0 0 rg BT 500.26 371.10 Td (on ) Tj ET Q q 0 0 0 rg BT 513.09 371.10 Td (compliance-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (related ) Tj ET Q q 0 0 0 rg BT 78.78 359.10 Td (issues. ) Tj ET Q q 0 0 0 rg BT 107.26 359.10 Td (If ) Tj ET Q q 0 0 0 rg BT 116.00 359.10 Td (we ) Tj ET Q q 0 0 0 rg BT 129.74 359.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 145.15 359.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.01 359.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 187.62 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.14 359.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 241.21 359.10 Td (an ) Tj ET Q q 0 0 0 rg BT 252.73 359.10 Td (ef) Tj ET Q q 0 0 0 rg BT 260.32 359.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 289.60 359.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 322.23 359.10 Td (control ) Tj ET Q q 0 0 0 rg BT 352.63 359.10 Td (environment, ) Tj ET Q q 0 0 0 rg BT 407.76 359.10 Td (we ) Tj ET Q q 0 0 0 rg BT 421.50 359.10 Td (could ) Tj ET Q q 0 0 0 rg BT 445.80 359.10 Td (suf) Tj ET Q q 0 0 0 rg BT 457.84 359.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 471.02 359.10 Td (material ) Tj ET Q q 0 0 0 rg BT 505.86 359.10 Td (misstatements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 347.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.45 347.10 Td (our ) Tj ET Q q 0 0 0 rg BT 74.95 347.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 112.10 347.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 156.48 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.09 347.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 188.59 347.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.54 347.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 220.14 347.10 Td (our ) Tj ET Q q 0 0 0 rg BT 235.64 347.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 274.47 347.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 323.58 347.10 Td (which ) Tj ET Q q 0 0 0 rg BT 350.19 347.10 Td (would ) Tj ET Q q 0 0 0 rg BT 377.36 347.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 402.30 347.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 426.68 347.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 464.96 347.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.91 347.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 493.19 347.10 Td (confidence ) Tj ET Q q 0 0 0 rg BT 539.22 347.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 347.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 335.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 84.17 335.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 120.51 335.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 171.48 335.10 Td (This ) Tj ET Q q 0 0 0 rg BT 190.62 335.10 Td (could ) Tj ET Q q 0 0 0 rg BT 214.19 335.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 236.10 335.10 Td (our ) Tj ET Q q 0 0 0 rg BT 250.78 335.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 289.90 335.10 Td (results ) Tj ET Q q 0 0 0 rg BT 317.37 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.17 335.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 351.18 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.31 335.10 Td (a ) Tj ET Q q 0 0 0 rg BT 366.11 335.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 396.34 335.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.48 335.10 Td (our ) Tj ET Q q 0 0 0 rg BT 420.16 335.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 442.63 335.10 Td (price. ) Tj ET Q q 0 0 0 rg BT 466.17 335.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 516.07 335.10 Td (, ) Tj ET Q q 0 0 0 rg BT 519.93 335.10 Td (inef) Tj ET Q q 0 0 0 rg BT 535.30 335.10 Td (fective ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 82.47 323.10 Td (control ) Tj ET Q q 0 0 0 rg BT 113.22 323.10 Td (over ) Tj ET Q q 0 0 0 rg BT 133.41 323.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 170.82 323.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 209.90 323.10 Td (could ) Tj ET Q q 0 0 0 rg BT 234.54 323.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 264.74 323.10 Td (us ) Tj ET Q q 0 0 0 rg BT 276.05 323.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.26 323.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 326.44 323.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 343.86 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.62 323.10 Td (fraud ) Tj ET Q q 0 0 0 rg BT 378.14 323.10 Td (or ) Tj ET Q q 0 0 0 rg BT 388.90 323.10 Td (misuse ) Tj ET Q q 0 0 0 rg BT 419.10 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.86 323.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 470.04 323.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 495.80 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.66 323.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 543.41 323.10 Td (us ) Tj ET Q q 0 0 0 rg BT 554.73 323.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 87.94 311.10 Td (delisting ) Tj ET Q q 0 0 0 rg BT 125.83 311.10 Td (from ) Tj ET Q q 0 0 0 rg BT 148.72 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.39 311.10 Td (New ) Tj ET Q q 0 0 0 rg BT 186.21 311.10 Td (Y) Tj ET Q q 0 0 0 rg BT 192.43 311.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 209.21 311.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 235.44 311.10 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 280.81 311.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 325.35 311.10 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 386.85 311.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 408.08 311.10 Td (or ) Tj ET Q q 0 0 0 rg BT 419.86 311.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 456.63 311.10 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 497.29 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.18 311.10 Td (class ) Tj ET Q q 0 0 0 rg BT 538.07 311.10 Td (action ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (litigation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 278.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 109.57 278.10 Td (we ) Tj ET Q q 0 0 0 rg BT 123.99 278.10 Td (act ) Tj ET Q q 0 0 0 rg BT 138.41 278.10 Td (as ) Tj ET Q q 0 0 0 rg BT 149.50 278.10 Td (a ) Tj ET Q q 0 0 0 rg BT 156.69 278.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 202.22 278.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 249.41 278.10 Td (service ) Tj ET Q q 0 0 0 rg BT 280.48 278.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 317.12 278.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.66 278.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 365.39 278.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 412.61 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.80 278.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 463.11 278.10 Td (mission-critical ) Tj ET Q q 0 0 0 rg BT 528.08 278.10 Td (products ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 266.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.80 266.10 Td (services ) Tj ET Q q 0 0 0 rg BT 99.87 266.10 Td (for ) Tj ET Q q 0 0 0 rg BT 113.39 266.10 Td (many ) Tj ET Q q 0 0 0 rg BT 137.47 266.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 174.32 266.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 220.63 266.10 Td (that ) Tj ET Q q 0 0 0 rg BT 237.49 266.10 Td (are ) Tj ET Q q 0 0 0 rg BT 251.56 266.10 Td (regulated ) Tj ET Q q 0 0 0 rg BT 290.63 266.10 Td (by ) Tj ET Q q 0 0 0 rg BT 302.49 266.10 Td (one ) Tj ET Q q 0 0 0 rg BT 318.79 266.10 Td (or ) Tj ET Q q 0 0 0 rg BT 328.98 266.10 Td (more ) Tj ET Q q 0 0 0 rg BT 351.39 266.10 Td (member ) Tj ET Q q 0 0 0 rg BT 386.02 266.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 422.31 266.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.50 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.58 266.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 478.43 266.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 517.50 266.10 Td (Institutions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 254.10 Td (Examination ) Tj ET Q q 0 0 0 rg BT 102.54 254.10 Td (Council, ) Tj ET Q q 0 0 0 rg BT 138.64 254.10 Td (or ) Tj ET Q q 0 0 0 rg BT 148.91 254.10 Td (FFIEC, ) Tj ET Q q 0 0 0 rg BT 180.58 254.10 Td (we ) Tj ET Q q 0 0 0 rg BT 194.17 254.10 Td (are ) Tj ET Q q 0 0 0 rg BT 208.32 254.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 238.58 254.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.30 254.10 Td (an ) Tj ET Q q 0 0 0 rg BT 259.67 254.10 Td (IT) Tj ET Q q 0 0 0 rg BT 268.93 254.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.87 254.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 322.23 254.10 Td (by ) Tj ET Q q 0 0 0 rg BT 334.17 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.33 254.10 Td (member ) Tj ET Q q 0 0 0 rg BT 383.03 254.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 419.39 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.66 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.81 254.10 Td (FFIEC. ) Tj ET Q q 0 0 0 rg BT 475.05 254.10 Td (As ) Tj ET Q q 0 0 0 rg BT 488.10 254.10 Td (a ) Tj ET Q q 0 0 0 rg BT 494.48 254.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 521.13 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.29 254.10 Td (FFIEC ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 242.10 Td (conducts ) Tj ET Q q 0 0 0 rg BT 86.47 242.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 124.53 242.10 Td (IT) Tj ET Q q 0 0 0 rg BT 133.79 242.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.21 242.10 Td (Examinations ) Tj ET Q q 0 0 0 rg BT 191.62 242.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.82 242.10 Td (order ) Tj ET Q q 0 0 0 rg BT 223.34 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.54 242.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 265.06 242.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 298.14 242.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.89 242.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 344.30 242.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 364.62 242.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 407.13 242.10 Td (with ) Tj ET Q q 0 0 0 rg BT 426.33 242.10 Td (our ) Tj ET Q q 0 0 0 rg BT 441.08 242.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 484.15 242.10 Td (that ) Tj ET Q q 0 0 0 rg BT 500.57 242.10 Td (could ) Tj ET Q q 0 0 0 rg BT 524.20 242.10 Td (adversely ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 230.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 230.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.97 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.07 230.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 127.95 230.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 175.29 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.96 230.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 213.85 230.10 Td (we ) Tj ET Q q 0 0 0 rg BT 228.41 230.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 261.85 230.10 Td (products ) Tj ET Q q 0 0 0 rg BT 299.18 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.51 230.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 354.11 230.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 390.31 230.10 Td (our ) Tj ET Q q 0 0 0 rg BT 406.53 230.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 424.42 230.10 Td (management ) Tj ET Q q 0 0 0 rg BT 478.40 230.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 512.97 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.30 230.10 Td (controls ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.80 218.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 109.65 218.10 Td (our ) Tj ET Q q 0 0 0 rg BT 125.85 218.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 174.80 218.10 Td (with ) Tj ET Q q 0 0 0 rg BT 195.45 218.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 239.40 218.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 260.60 218.10 Td (that ) Tj ET Q q 0 0 0 rg BT 278.46 218.10 Td (af) Tj ET Q q 0 0 0 rg BT 286.05 218.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 303.90 218.10 Td (theproducts ) Tj ET Q q 0 0 0 rg BT 355.92 218.10 Td (andservices ) Tj ET Q q 0 0 0 rg BT 407.93 218.10 Td (we ) Tj ET Q q 0 0 0 rg BT 422.46 218.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 455.87 218.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.52 218.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 504.36 218.10 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 554.18 218.10 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 86.50 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.50 206.10 Td (examining ) Tj ET Q q 0 0 0 rg BT 144.93 206.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 169.69 206.10 Td (such ) Tj ET Q q 0 0 0 rg BT 192.24 206.10 Td (as ) Tj ET Q q 0 0 0 rg BT 204.80 206.10 Td (our ) Tj ET Q q 0 0 0 rg BT 222.35 206.10 Td (management ) Tj ET Q q 0 0 0 rg BT 277.66 206.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.21 206.10 Td (technology) Tj ET Q q 0 0 0 rg BT 334.00 206.10 Td (, ) Tj ET Q q 0 0 0 rg BT 340.72 206.10 Td (data ) Tj ET Q q 0 0 0 rg BT 361.60 206.10 Td (integrity) Tj ET Q q 0 0 0 rg BT 394.83 206.10 Td (, ) Tj ET Q q 0 0 0 rg BT 401.55 206.10 Td (information ) Tj ET Q q 0 0 0 rg BT 452.99 206.10 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 515.53 206.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.19 206.10 Td (service ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (availability) Tj ET Q q 0 0 0 rg BT 93.84 194.10 Td (, ) Tj ET Q q 0 0 0 rg BT 99.06 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.01 194.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 147.84 194.10 Td (also ) Tj ET Q q 0 0 0 rg BT 166.67 194.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 193.85 194.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.90 194.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 247.61 194.10 Td (stability) Tj ET Q q 0 0 0 rg BT 279.19 194.10 Td (. ) Tj ET Q q 0 0 0 rg BT 283.81 194.10 Td (A) Tj ET Q q 0 0 0 rg BT 290.48 194.10 Td ( ) Tj ET Q q 0 0 0 rg BT 293.21 194.10 Td (suf) Tj ET Q q 0 0 0 rg BT 305.25 194.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 341.30 194.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 391.78 194.10 Td (review ) Tj ET Q q 0 0 0 rg BT 421.72 194.10 Td (from ) Tj ET Q q 0 0 0 rg BT 443.88 194.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.83 194.10 Td (FFIEC ) Tj ET Q q 0 0 0 rg BT 488.79 194.10 Td (could ) Tj ET Q q 0 0 0 rg BT 513.74 194.10 Td (result ) Tj ET Q q 0 0 0 rg BT 538.68 194.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.19 194.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.33 182.10 Td (institution ) Tj ET Q q 0 0 0 rg BT 128.74 182.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 171.13 182.10 Td (not ) Tj ET Q q 0 0 0 rg BT 185.76 182.10 Td (being ) Tj ET Q q 0 0 0 rg BT 209.82 182.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 243.32 182.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.95 182.10 Td (use ) Tj ET Q q 0 0 0 rg BT 268.13 182.10 Td (our ) Tj ET Q q 0 0 0 rg BT 283.30 182.10 Td (technologyproducts ) Tj ET Q q 0 0 0 rg BT 366.52 182.10 Td (andservices, ) Tj ET Q q 0 0 0 rg BT 420.01 182.10 Td (which ) Tj ET Q q 0 0 0 rg BT 446.30 182.10 Td (could ) Tj ET Q q 0 0 0 rg BT 470.36 182.10 Td (have ) Tj ET Q q 0 0 0 rg BT 491.09 182.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.37 182.10 Td (material ) Tj ET Q q 0 0 0 rg BT 531.98 182.10 Td (adverse ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 170.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.57 170.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.07 170.10 Td (our ) Tj ET Q q 0 0 0 rg BT 102.90 170.10 Td (business ) Tj ET Q q 0 0 0 rg BT 139.29 170.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.23 170.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 193.71 170.10 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (If ) Tj ET Q q 0 0 0 rg BT 58.93 149.10 Td (one ) Tj ET Q q 0 0 0 rg BT 76.13 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 87.23 149.10 Td (more ) Tj ET Q q 0 0 0 rg BT 110.55 149.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 130.54 149.10 Td (states ) Tj ET Q q 0 0 0 rg BT 155.52 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 166.62 149.10 Td (local ) Tj ET Q q 0 0 0 rg BT 188.82 149.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 242.15 149.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 293.80 149.10 Td (assert ) Tj ET Q q 0 0 0 rg BT 319.89 149.10 Td (that ) Tj ET Q q 0 0 0 rg BT 338.22 149.10 Td (we ) Tj ET Q q 0 0 0 rg BT 351.53 149.10 Td (should ) Tj ET Q q 0 0 0 rg BT 381.53 149.10 Td (have ) Tj ET Q q 0 0 0 rg BT 403.18 149.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 441.47 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 452.57 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 463.12 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.10 149.10 Td (future ) Tj ET Q q 0 0 0 rg BT 505.87 149.10 Td (should ) Tj ET Q q 0 0 0 rg BT 535.87 149.10 Td (collect ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 93.55 137.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 115.93 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 127.19 137.10 Td (use ) Tj ET Q q 0 0 0 rg BT 143.46 137.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 166.94 137.10 Td (on ) Tj ET Q q 0 0 0 rg BT 179.88 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 196.71 137.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 217.68 137.10 Td (we ) Tj ET Q q 0 0 0 rg BT 231.17 137.10 Td (could ) Tj ET Q q 0 0 0 rg BT 256.32 137.10 Td (be ) Tj ET Q q 0 0 0 rg BT 268.14 137.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 299.40 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.55 137.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 353.60 137.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 387.09 137.10 Td (with ) Tj ET Q q 0 0 0 rg BT 407.25 137.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 438.50 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.66 137.10 Td (past ) Tj ET Q q 0 0 0 rg BT 467.70 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 478.97 137.10 Td (future ) Tj ET Q q 0 0 0 rg BT 506.90 137.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 531.78 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.72 137.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (results ) Tj ET Q q 0 0 0 rg BT 79.23 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.06 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 107.01 125.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 152.85 125.10 Td (could ) Tj ET Q q 0 0 0 rg BT 178.13 125.10 Td (be ) Tj ET Q q 0 0 0 rg BT 190.07 125.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 230.89 125.10 Td (af) Tj ET Q q 0 0 0 rg BT 239.04 125.10 Td (fected.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 104.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 104.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.47 104.10 Td (do ) Tj ET Q q 0 0 0 rg BT 102.36 104.10 Td (not ) Tj ET Q q 0 0 0 rg BT 118.02 104.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 147.56 104.10 Td (state ) Tj ET Q q 0 0 0 rg BT 168.78 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.11 104.10 Td (local ) Tj ET Q q 0 0 0 rg BT 208.43 104.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 230.76 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.09 104.10 Td (use ) Tj ET Q q 0 0 0 rg BT 264.31 104.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 287.74 104.10 Td (in ) Tj ET Q q 0 0 0 rg BT 298.41 104.10 Td (all ) Tj ET Q q 0 0 0 rg BT 311.29 104.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 363.63 104.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.30 104.10 Td (which ) Tj ET Q q 0 0 0 rg BT 401.62 104.10 Td (our ) Tj ET Q q 0 0 0 rg BT 417.84 104.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 461.28 104.10 Td (are ) Tj ET Q q 0 0 0 rg BT 476.38 104.10 Td (located, ) Tj ET Q q 0 0 0 rg BT 510.64 104.10 Td (based ) Tj ET Q q 0 0 0 rg BT 536.30 104.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.19 104.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 92.10 Td (belief ) Tj ET Q q 0 0 0 rg BT 76.01 92.10 Td (that ) Tj ET Q q 0 0 0 rg BT 94.74 92.10 Td (such ) Tj ET Q q 0 0 0 rg BT 116.82 92.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 141.11 92.10 Td (are ) Tj ET Q q 0 0 0 rg BT 157.06 92.10 Td (not ) Tj ET Q q 0 0 0 rg BT 173.58 92.10 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 220.91 92.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 245.76 92.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.94 92.10 Td (use ) Tj ET Q q 0 0 0 rg BT 281.01 92.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 296.97 92.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 319.05 92.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.23 92.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 359.85 92.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 381.36 92.10 Td (by ) Tj ET Q q 0 0 0 rg BT 395.10 92.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 444.40 92.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.58 92.10 Td (such ) Tj ET Q q 0 0 0 rg BT 484.65 92.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 506.72 92.10 Td (are ) Tj ET Q q 0 0 0 rg BT 522.67 92.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.74 92.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td (interpretation. ) Tj ET Q q 0 0 0 rg BT 108.30 80.10 Td (Jurisdictions ) Tj ET Q q 0 0 0 rg BT 161.29 80.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.51 80.10 Td (which ) Tj ET Q q 0 0 0 rg BT 198.38 80.10 Td (we ) Tj ET Q q 0 0 0 rg BT 212.48 80.10 Td (do ) Tj ET Q q 0 0 0 rg BT 224.91 80.10 Td (not ) Tj ET Q q 0 0 0 rg BT 240.13 80.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 269.21 80.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 291.09 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.96 80.10 Td (use ) Tj ET Q q 0 0 0 rg BT 323.73 80.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 346.71 80.10 Td (may ) Tj ET Q q 0 0 0 rg BT 366.36 80.10 Td (assert ) Tj ET Q q 0 0 0 rg BT 391.57 80.10 Td (that ) Tj ET Q q 0 0 0 rg BT 409.00 80.10 Td (such ) Tj ET Q q 0 0 0 rg BT 429.76 80.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 452.75 80.10 Td (are ) Tj ET Q q 0 0 0 rg BT 467.39 80.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 513.41 80.10 Td (which ) Tj ET Q q 0 0 0 rg BT 540.29 80.10 Td (could ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (result ) Tj ET Q q 0 0 0 rg BT 74.74 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 85.54 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.77 68.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 148.23 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.58 68.10 Td (such ) Tj ET Q q 0 0 0 rg BT 180.93 68.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 207.00 68.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 239.45 68.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.91 68.10 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 297.97 68.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.43 68.10 Td (we ) Tj ET Q q 0 0 0 rg BT 330.11 68.10 Td (could ) Tj ET Q q 0 0 0 rg BT 355.35 68.10 Td (be ) Tj ET Q q 0 0 0 rg BT 367.81 68.10 Td (required ) Tj ET Q q 0 0 0 rg BT 404.14 68.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.94 68.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 444.61 68.10 Td (such ) Tj ET Q q 0 0 0 rg BT 465.96 68.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 489.53 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 500.33 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.56 68.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 544.74 68.10 Td (This ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 56.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.99 56.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 113.93 56.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.87 56.10 Td (use ) Tj ET Q q 0 0 0 rg BT 146.70 56.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 161.41 56.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 195.02 56.10 Td (could ) Tj ET Q q 0 0 0 rg BT 219.74 56.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 260.55 56.10 Td (af) Tj ET Q q 0 0 0 rg BT 268.14 56.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 285.63 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.34 56.10 Td (results ) Tj ET Q q 0 0 0 rg BT 328.95 56.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.78 56.10 Td (our ) Tj ET Q q 0 0 0 rg BT 355.61 56.10 Td (operations.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (22) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.90 740.25 Td (business ) Tj ET Q q 0 0 0 rg BT 106.64 740.25 Td (is ) Tj ET Q q 0 0 0 rg BT 116.04 740.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 147.65 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 158.16 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.67 740.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 195.85 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.90 740.25 Td (earthquakes, ) Tj ET Q q 0 0 0 rg BT 262.69 740.25 Td (fires, ) Tj ET Q q 0 0 0 rg BT 286.25 740.25 Td (floods ) Tj ET Q q 0 0 0 rg BT 313.98 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.26 740.25 Td (other ) Tj ET Q q 0 0 0 rg BT 356.66 740.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 389.96 740.25 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 443.24 740.25 Td (events ) Tj ET Q q 0 0 0 rg BT 471.52 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.81 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.31 740.25 Td (interruption ) Tj ET Q q 0 0 0 rg BT 553.06 740.25 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (man-made ) Tj ET Q q 0 0 0 rg BT 95.89 728.25 Td (problems ) Tj ET Q q 0 0 0 rg BT 136.17 728.25 Td (such ) Tj ET Q q 0 0 0 rg BT 158.12 728.25 Td (as ) Tj ET Q q 0 0 0 rg BT 169.51 728.25 Td (terrorism.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 707.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 93.59 707.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 129.79 707.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.76 707.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 194.95 707.25 Td (are ) Tj ET Q q 0 0 0 rg BT 211.70 707.25 Td (vulnerable ) Tj ET Q q 0 0 0 rg BT 258.43 707.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.75 707.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 306.37 707.25 Td (or ) Tj ET Q q 0 0 0 rg BT 319.24 707.25 Td (interruption ) Tj ET Q q 0 0 0 rg BT 370.99 707.25 Td (from ) Tj ET Q q 0 0 0 rg BT 394.96 707.25 Td (earthquakes, ) Tj ET Q q 0 0 0 rg BT 449.75 707.25 Td (fires, ) Tj ET Q q 0 0 0 rg BT 474.55 707.25 Td (floods, ) Tj ET Q q 0 0 0 rg BT 506.58 707.25 Td (power ) Tj ET Q q 0 0 0 rg BT 536.11 707.25 Td (losses, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 695.25 Td (telecommunications ) Tj ET Q q 0 0 0 rg BT 132.68 695.25 Td (failures, ) Tj ET Q q 0 0 0 rg BT 167.81 695.25 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 202.10 695.25 Td (attacks, ) Tj ET Q q 0 0 0 rg BT 235.01 695.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 253.20 695.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.18 695.25 Td (war ) Tj ET Q q 0 0 0 rg BT 281.81 695.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.89 695.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 329.31 695.25 Td (events. ) Tj ET Q q 0 0 0 rg BT 360.00 695.25 Td (For ) Tj ET Q q 0 0 0 rg BT 376.54 695.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 415.55 695.25 Td (a ) Tj ET Q q 0 0 0 rg BT 422.64 695.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 467.49 695.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 497.90 695.25 Td (disaster) Tj ET Q q 0 0 0 rg BT 528.05 695.25 Td (, ) Tj ET Q q 0 0 0 rg BT 533.19 695.25 Td (such ) Tj ET Q q 0 0 0 rg BT 554.17 695.25 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 683.25 Td (an ) Tj ET Q q 0 0 0 rg BT 61.44 683.25 Td (earthquake, ) Tj ET Q q 0 0 0 rg BT 110.31 683.25 Td (fire ) Tj ET Q q 0 0 0 rg BT 126.70 683.25 Td (or ) Tj ET Q q 0 0 0 rg BT 137.53 683.25 Td (flood, ) Tj ET Q q 0 0 0 rg BT 163.65 683.25 Td (could ) Tj ET Q q 0 0 0 rg BT 188.37 683.25 Td (have ) Tj ET Q q 0 0 0 rg BT 209.75 683.25 Td (a ) Tj ET Q q 0 0 0 rg BT 216.70 683.25 Td (material ) Tj ET Q q 0 0 0 rg BT 251.96 683.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 285.01 683.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 314.73 683.25 Td (on ) Tj ET Q q 0 0 0 rg BT 327.23 683.25 Td (our ) Tj ET Q q 0 0 0 rg BT 343.07 683.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 381.97 683.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 422.24 683.25 Td (results ) Tj ET Q q 0 0 0 rg BT 450.85 683.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.80 683.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 505.28 683.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 548.06 683.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.22 671.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 107.92 671.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 147.39 671.25 Td (may ) Tj ET Q q 0 0 0 rg BT 167.99 671.25 Td (be ) Tj ET Q q 0 0 0 rg BT 180.82 671.25 Td (insuf) Tj ET Q q 0 0 0 rg BT 200.64 671.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 229.56 671.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.73 671.25 Td (compensate ) Tj ET Q q 0 0 0 rg BT 291.32 671.25 Td (us ) Tj ET Q q 0 0 0 rg BT 303.59 671.25 Td (for ) Tj ET Q q 0 0 0 rg BT 318.64 671.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 345.92 671.25 Td (that ) Tj ET Q q 0 0 0 rg BT 364.30 671.25 Td (may ) Tj ET Q q 0 0 0 rg BT 384.90 671.25 Td (occur) Tj ET Q q 0 0 0 rg BT 406.56 671.25 Td (. ) Tj ET Q q 0 0 0 rg BT 412.44 671.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 431.38 671.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 472.52 671.25 Td (of) Tj ET Q q 0 0 0 rg BT 480.67 671.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 502.94 671.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.76 671.25 Td (one ) Tj ET Q q 0 0 0 rg BT 538.58 671.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 671.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 86.30 659.25 Td (we ) Tj ET Q q 0 0 0 rg BT 100.33 659.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 122.69 659.25 Td (to ) Tj ET Q q 0 0 0 rg BT 132.84 659.25 Td (house ) Tj ET Q q 0 0 0 rg BT 158.55 659.25 Td (our ) Tj ET Q q 0 0 0 rg BT 174.25 659.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 214.39 659.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.20 659.25 Td (telecommunications ) Tj ET Q q 0 0 0 rg BT 314.10 659.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 358.69 659.25 Td (are ) Tj ET Q q 0 0 0 rg BT 373.27 659.25 Td (located ) Tj ET Q q 0 0 0 rg BT 404.51 659.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.67 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.26 659.25 Td (San ) Tj ET Q q 0 0 0 rg BT 446.63 659.25 Td (Francisco ) Tj ET Q q 0 0 0 rg BT 487.88 659.25 Td (Bay ) Tj ET Q q 0 0 0 rg BT 505.84 659.25 Td (Area, ) Tj ET Q q 0 0 0 rg BT 530.14 659.25 Td (a ) Tj ET Q q 0 0 0 rg BT 536.95 659.25 Td (region ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 647.25 Td (known ) Tj ET Q q 0 0 0 rg BT 79.92 647.25 Td (for ) Tj ET Q q 0 0 0 rg BT 94.78 647.25 Td (seismic ) Tj ET Q q 0 0 0 rg BT 127.98 647.25 Td (activity) Tj ET Q q 0 0 0 rg BT 157.32 647.25 Td (. ) Tj ET Q q 0 0 0 rg BT 163.02 647.25 Td (In ) Tj ET Q q 0 0 0 rg BT 174.55 647.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 213.02 647.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 231.77 647.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.30 647.25 Td (terrorism, ) Tj ET Q q 0 0 0 rg BT 285.65 647.25 Td (which ) Tj ET Q q 0 0 0 rg BT 313.29 647.25 Td (may ) Tj ET Q q 0 0 0 rg BT 333.71 647.25 Td (be ) Tj ET Q q 0 0 0 rg BT 346.34 647.25 Td (tar) Tj ET Q q 0 0 0 rg BT 356.71 647.25 Td (geted ) Tj ET Q q 0 0 0 rg BT 381.56 647.25 Td (at ) Tj ET Q q 0 0 0 rg BT 391.98 647.25 Td (metropolitan ) Tj ET Q q 0 0 0 rg BT 446.28 647.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 470.02 647.25 Td (with ) Tj ET Q q 0 0 0 rg BT 490.99 647.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 519.74 647.25 Td (population ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (density ) Tj ET Q q 0 0 0 rg BT 80.63 635.25 Td (than ) Tj ET Q q 0 0 0 rg BT 100.09 635.25 Td (rural ) Tj ET Q q 0 0 0 rg BT 121.20 635.25 Td (areas, ) Tj ET Q q 0 0 0 rg BT 146.48 635.25 Td (could ) Tj ET Q q 0 0 0 rg BT 170.94 635.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 195.39 635.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 242.08 635.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.10 635.25 Td (our ) Tj ET Q q 0 0 0 rg BT 267.67 635.25 Td (or ) Tj ET Q q 0 0 0 rg BT 278.24 635.25 Td (our ) Tj ET Q q 0 0 0 rg BT 293.81 635.25 Td (customers) Tj ET Q q 0 0 0 rg BT 336.95 635.25 Td ( ) Tj ET Q q 0 0 0 rg BT 339.19 635.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 383.65 635.25 Td (or ) Tj ET Q q 0 0 0 rg BT 394.22 635.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.68 635.25 Td (economy ) Tj ET Q q 0 0 0 rg BT 447.58 635.25 Td (as ) Tj ET Q q 0 0 0 rg BT 458.15 635.25 Td (a ) Tj ET Q q 0 0 0 rg BT 464.83 635.25 Td (whole. ) Tj ET Q q 0 0 0 rg BT 493.84 635.25 Td (W) Tj ET Q q 0 0 0 rg BT 502.48 635.25 Td (e ) Tj ET Q q 0 0 0 rg BT 509.16 635.25 Td (may ) Tj ET Q q 0 0 0 rg BT 528.62 635.25 Td (not ) Tj ET Q q 0 0 0 rg BT 543.64 635.25 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (suf) Tj ET Q q 0 0 0 rg BT 61.54 623.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 89.94 623.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 133.35 623.25 Td (or ) Tj ET Q q 0 0 0 rg BT 144.54 623.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 182.37 623.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 206.34 623.25 Td (in ) Tj ET Q q 0 0 0 rg BT 216.98 623.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 247.04 623.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 309.04 623.25 Td (such ) Tj ET Q q 0 0 0 rg BT 330.23 623.25 Td (as ) Tj ET Q q 0 0 0 rg BT 341.42 623.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 372.05 623.25 Td (disasters ) Tj ET Q q 0 0 0 rg BT 409.35 623.25 Td (af) Tj ET Q q 0 0 0 rg BT 416.93 623.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 447.56 623.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.64 623.25 Td (San ) Tj ET Q q 0 0 0 rg BT 480.50 623.25 Td (Francisco ) Tj ET Q q 0 0 0 rg BT 522.23 623.25 Td (Bay ) Tj ET Q q 0 0 0 rg BT 540.57 623.25 Td (Area, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 611.25 Td (our ) Tj ET Q q 0 0 0 rg BT 82.27 611.25 Td (business ) Tj ET Q q 0 0 0 rg BT 118.66 611.25 Td (interruption ) Tj ET Q q 0 0 0 rg BT 168.37 611.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 209.19 611.25 Td (may ) Tj ET Q q 0 0 0 rg BT 228.90 611.25 Td (be ) Tj ET Q q 0 0 0 rg BT 240.84 611.25 Td (insuf) Tj ET Q q 0 0 0 rg BT 260.66 611.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 288.70 611.25 Td (to ) Tj ET Q q 0 0 0 rg BT 298.98 611.25 Td (compensate ) Tj ET Q q 0 0 0 rg BT 348.68 611.25 Td (us ) Tj ET Q q 0 0 0 rg BT 360.08 611.25 Td (for ) Tj ET Q q 0 0 0 rg BT 374.24 611.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 400.63 611.25 Td (that ) Tj ET Q q 0 0 0 rg BT 418.12 611.25 Td (may ) Tj ET Q q 0 0 0 rg BT 437.84 611.25 Td (occur) Tj ET Q q 0 0 0 rg BT 459.50 611.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 590.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.67 590.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 92.28 590.25 Td (price ) Tj ET Q q 0 0 0 rg BT 115.33 590.25 Td (is ) Tj ET Q q 0 0 0 rg BT 124.50 590.25 Td (volatile ) Tj ET Q q 0 0 0 rg BT 156.99 590.25 Td (and ) Tj ET Q q 0 0 0 rg BT 175.05 590.25 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 223.12 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.95 590.25 Td (our ) Tj ET Q q 0 0 0 rg BT 250.90 590.25 Td (common ) Tj ET Q q 0 0 0 rg BT 288.96 590.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 312.57 590.25 Td (could ) Tj ET Q q 0 0 0 rg BT 337.84 590.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 362.58 590.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 410.10 590.25 Td (losses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 569.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.77 569.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 122.81 569.25 Td (price ) Tj ET Q q 0 0 0 rg BT 145.52 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.57 569.25 Td (our ) Tj ET Q q 0 0 0 rg BT 172.62 569.25 Td (common ) Tj ET Q q 0 0 0 rg BT 210.33 569.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 234.16 569.25 Td (may ) Tj ET Q q 0 0 0 rg BT 254.10 569.25 Td (be ) Tj ET Q q 0 0 0 rg BT 266.25 569.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 297.30 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 307.80 569.25 Td (wide ) Tj ET Q q 0 0 0 rg BT 329.96 569.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 379.89 569.25 Td (in ) Tj ET Q q 0 0 0 rg BT 390.38 569.25 Td (response ) Tj ET Q q 0 0 0 rg BT 428.09 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.59 569.25 Td (various ) Tj ET Q q 0 0 0 rg BT 470.75 569.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 503.18 569.25 Td (some ) Tj ET Q q 0 0 0 rg BT 527.01 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 538.06 569.25 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.67 557.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 97.08 557.25 Td (our ) Tj ET Q q 0 0 0 rg BT 113.37 557.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 147.17 557.25 Td (In ) Tj ET Q q 0 0 0 rg BT 158.46 557.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 194.20 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.95 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.13 557.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 250.30 557.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 291.60 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 302.34 557.25 Td (this ) Tj ET Q q 0 0 0 rg BT 319.76 557.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 345.50 557.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 382.35 557.25 Td (section ) Tj ET Q q 0 0 0 rg BT 413.64 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.04 557.25 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 473.98 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.73 557.25 Td (our ) Tj ET Q q 0 0 0 rg BT 501.03 557.25 Td (filings ) Tj ET Q q 0 0 0 rg BT 529.55 557.25 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 557.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 545.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 91.43 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.37 545.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 150.30 545.25 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 205.86 545.25 Td (these ) Tj ET Q q 0 0 0 rg BT 228.91 545.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 258.62 545.25 Td (include:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 528.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 528.25 Td (our ) Tj ET Q q 0 0 0 rg BT 121.38 528.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 161.64 528.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 214.67 528.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.60 528.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.32 528.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 286.59 528.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 339.61 528.25 Td (of ) Tj ET Q q 0 0 0 rg BT 350.44 528.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 380.71 528.25 Td (companies;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 511.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 511.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 150.53 511.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 203.55 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.38 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.10 511.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 256.59 511.25 Td (markets;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 494.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 494.25 Td (number ) Tj ET Q q 0 0 0 rg BT 153.31 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.14 494.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 191.63 494.25 Td (our ) Tj ET Q q 0 0 0 rg BT 207.46 494.25 Td (common ) Tj ET Q q 0 0 0 rg BT 244.96 494.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 268.57 494.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 303.84 494.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 333.00 494.25 Td (and ) Tj ET Q q 0 0 0 rg BT 349.94 494.25 Td (available ) Tj ET Q q 0 0 0 rg BT 388.53 494.25 Td (for ) Tj ET Q q 0 0 0 rg BT 402.69 494.25 Td (trading;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 477.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 477.25 Td (threatened ) Tj ET Q q 0 0 0 rg BT 149.69 477.25 Td (or ) Tj ET Q q 0 0 0 rg BT 160.52 477.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 186.89 477.25 Td (litigation;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 460.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 460.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 140.26 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.54 460.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 171.37 460.25 Td (or ) Tj ET Q q 0 0 0 rg BT 182.20 460.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 229.13 460.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 262.17 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 272.45 460.25 Td (our ) Tj ET Q q 0 0 0 rg BT 288.28 460.25 Td (solutions;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 443.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 443.25 Td (any ) Tj ET Q q 0 0 0 rg BT 122.49 443.25 Td (major ) Tj ET Q q 0 0 0 rg BT 148.31 443.25 Td (change ) Tj ET Q q 0 0 0 rg BT 179.13 443.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.41 443.25 Td (our ) Tj ET Q q 0 0 0 rg BT 205.24 443.25 Td (board ) Tj ET Q q 0 0 0 rg BT 230.51 443.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.34 443.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 278.82 443.25 Td (or ) Tj ET Q q 0 0 0 rg BT 289.65 443.25 Td (management;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 426.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 426.25 Td (publication ) Tj ET Q q 0 0 0 rg BT 153.17 426.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.13 426.25 Td (research ) Tj ET Q q 0 0 0 rg BT 200.06 426.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 230.46 426.25 Td (about ) Tj ET Q q 0 0 0 rg BT 255.30 426.25 Td (us ) Tj ET Q q 0 0 0 rg BT 266.82 426.25 Td (or ) Tj ET Q q 0 0 0 rg BT 277.78 426.25 Td (our ) Tj ET Q q 0 0 0 rg BT 293.74 426.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 329.15 426.25 Td (or ) Tj ET Q q 0 0 0 rg BT 340.11 426.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 374.40 426.25 Td (or ) Tj ET Q q 0 0 0 rg BT 385.36 426.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 421.86 426.25 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 495.58 426.25 Td (or ) Tj ET Q q 0 0 0 rg BT 506.53 426.25 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 554.15 426.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 414.25 Td (research ) Tj ET Q q 0 0 0 rg BT 141.36 414.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 179.94 414.25 Td (by ) Tj ET Q q 0 0 0 rg BT 192.44 414.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 232.70 414.25 Td (analysts;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 397.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 397.25 Td (lar) Tj ET Q q 0 0 0 rg BT 115.92 397.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 127.85 397.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 164.24 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.07 397.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 197.01 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.84 397.25 Td (our ) Tj ET Q q 0 0 0 rg BT 223.67 397.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 251.16 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.99 397.25 Td (common ) Tj ET Q q 0 0 0 rg BT 299.49 397.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 323.09 397.25 Td (by ) Tj ET Q q 0 0 0 rg BT 335.59 397.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 369.76 397.25 Td (stockholders; ) Tj ET Q q 0 0 0 rg BT 425.58 397.25 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 380.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 380.25 Td (general ) Tj ET Q q 0 0 0 rg BT 137.47 380.25 Td (political ) Tj ET Q q 0 0 0 rg BT 172.74 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.68 380.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 231.05 380.25 Td (conditions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 359.25 Td (In ) Tj ET Q q 0 0 0 rg BT 85.32 359.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 124.08 359.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.79 359.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 164.39 359.25 Td (market ) Tj ET Q q 0 0 0 rg BT 195.64 359.25 Td (in ) Tj ET Q q 0 0 0 rg BT 206.91 359.25 Td (general ) Tj ET Q q 0 0 0 rg BT 239.83 359.25 Td (has ) Tj ET Q q 0 0 0 rg BT 256.65 359.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 308.44 359.25 Td (extreme ) Tj ET Q q 0 0 0 rg BT 344.13 359.25 Td (price ) Tj ET Q q 0 0 0 rg BT 367.61 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.53 359.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 419.02 359.25 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 472.22 359.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 515.15 359.25 Td (class ) Tj ET Q q 0 0 0 rg BT 538.07 359.25 Td (action ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 347.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 88.00 347.25 Td (has ) Tj ET Q q 0 0 0 rg BT 103.71 347.25 Td (often ) Tj ET Q q 0 0 0 rg BT 126.65 347.25 Td (been ) Tj ET Q q 0 0 0 rg BT 147.91 347.25 Td (instituted ) Tj ET Q q 0 0 0 rg BT 187.52 347.25 Td (against ) Tj ET Q q 0 0 0 rg BT 218.24 347.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 263.39 347.25 Td (following ) Tj ET Q q 0 0 0 rg BT 304.66 347.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 336.49 347.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.21 347.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 385.70 347.25 Td (in ) Tj ET Q q 0 0 0 rg BT 395.87 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.47 347.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 440.62 347.25 Td (market ) Tj ET Q q 0 0 0 rg BT 470.77 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.60 347.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.77 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.37 347.25 Td (market ) Tj ET Q q 0 0 0 rg BT 542.52 347.25 Td (price ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.48 335.25 Td (a ) Tj ET Q q 0 0 0 rg BT 67.57 335.25 Td (company) Tj ET Q q 0 0 0 rg BT 107.01 335.25 Td (s ) Tj ET Q q 0 0 0 rg BT 113.55 335.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 156.28 335.25 Td (This ) Tj ET Q q 0 0 0 rg BT 176.71 335.25 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 217.97 335.25 Td (if ) Tj ET Q q 0 0 0 rg BT 226.73 335.25 Td (instituted ) Tj ET Q q 0 0 0 rg BT 266.60 335.25 Td (against ) Tj ET Q q 0 0 0 rg BT 297.58 335.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 311.63 335.25 Td (could ) Tj ET Q q 0 0 0 rg BT 336.50 335.25 Td (result ) Tj ET Q q 0 0 0 rg BT 361.37 335.25 Td (in ) Tj ET Q q 0 0 0 rg BT 371.80 335.25 Td (very ) Tj ET Q q 0 0 0 rg BT 392.22 335.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 437.65 335.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 462.80 335.25 Td (divert ) Tj ET Q q 0 0 0 rg BT 488.78 335.25 Td (our ) Tj ET Q q 0 0 0 rg BT 504.76 335.25 Td (management) Tj ET Q q 0 0 0 rg BT 558.63 335.25 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 323.25 Td (attention ) Tj ET Q q 0 0 0 rg BT 86.99 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.93 323.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 144.19 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.13 323.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 184.17 323.25 Td (our ) Tj ET Q q 0 0 0 rg BT 200.00 323.25 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 302.25 Td (If ) Tj ET Q q 0 0 0 rg BT 59.92 302.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 102.00 302.25 Td (or ) Tj ET Q q 0 0 0 rg BT 114.08 302.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 151.18 302.25 Td (analysts ) Tj ET Q q 0 0 0 rg BT 187.72 302.25 Td (discontinue ) Tj ET Q q 0 0 0 rg BT 238.70 302.25 Td (publishing ) Tj ET Q q 0 0 0 rg BT 285.80 302.25 Td (research ) Tj ET Q q 0 0 0 rg BT 324.55 302.25 Td (or ) Tj ET Q q 0 0 0 rg BT 336.64 302.25 Td (publish ) Tj ET Q q 0 0 0 rg BT 370.40 302.25 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 417.48 302.25 Td (or ) Tj ET Q q 0 0 0 rg BT 429.57 302.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 482.77 302.25 Td (research ) Tj ET Q q 0 0 0 rg BT 521.51 302.25 Td (about ) Tj ET Q q 0 0 0 rg BT 548.05 302.25 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 290.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 89.51 290.25 Td (our ) Tj ET Q q 0 0 0 rg BT 106.47 290.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 130.08 290.25 Td (price ) Tj ET Q q 0 0 0 rg BT 153.12 290.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.18 290.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 203.69 290.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 236.19 290.25 Td (could ) Tj ET Q q 0 0 0 rg BT 261.47 290.25 Td (decline.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 269.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.01 269.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 123.30 269.25 Td (market ) Tj ET Q q 0 0 0 rg BT 154.03 269.25 Td (for ) Tj ET Q q 0 0 0 rg BT 168.66 269.25 Td (our ) Tj ET Q q 0 0 0 rg BT 184.96 269.25 Td (common ) Tj ET Q q 0 0 0 rg BT 222.92 269.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 246.99 269.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 282.73 269.25 Td (in ) Tj ET Q q 0 0 0 rg BT 293.47 269.25 Td (part ) Tj ET Q q 0 0 0 rg BT 311.99 269.25 Td (on ) Tj ET Q q 0 0 0 rg BT 324.95 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.14 269.25 Td (research ) Tj ET Q q 0 0 0 rg BT 376.41 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.81 269.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 424.55 269.25 Td (that ) Tj ET Q q 0 0 0 rg BT 442.51 269.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 483.24 269.25 Td (or ) Tj ET Q q 0 0 0 rg BT 494.54 269.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 530.28 269.25 Td (analysts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (publish ) Tj ET Q q 0 0 0 rg BT 82.46 257.25 Td (about ) Tj ET Q q 0 0 0 rg BT 108.19 257.25 Td (us ) Tj ET Q q 0 0 0 rg BT 120.60 257.25 Td (or ) Tj ET Q q 0 0 0 rg BT 132.44 257.25 Td (our ) Tj ET Q q 0 0 0 rg BT 149.28 257.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 189.19 257.25 Td (If ) Tj ET Q q 0 0 0 rg BT 199.36 257.25 Td (one ) Tj ET Q q 0 0 0 rg BT 217.31 257.25 Td (or ) Tj ET Q q 0 0 0 rg BT 229.16 257.25 Td (more ) Tj ET Q q 0 0 0 rg BT 253.22 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.06 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.79 257.25 Td (analysts ) Tj ET Q q 0 0 0 rg BT 316.52 257.25 Td (who ) Tj ET Q q 0 0 0 rg BT 337.25 257.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 362.97 257.25 Td (us ) Tj ET Q q 0 0 0 rg BT 375.38 257.25 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 423.32 257.25 Td (our ) Tj ET Q q 0 0 0 rg BT 440.16 257.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 464.79 257.25 Td (or ) Tj ET Q q 0 0 0 rg BT 476.63 257.25 Td (publish ) Tj ET Q q 0 0 0 rg BT 509.59 257.25 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 554.18 257.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 99.72 245.25 Td (research ) Tj ET Q q 0 0 0 rg BT 135.49 245.25 Td (about ) Tj ET Q q 0 0 0 rg BT 160.17 245.25 Td (our ) Tj ET Q q 0 0 0 rg BT 175.97 245.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 214.83 245.25 Td (our ) Tj ET Q q 0 0 0 rg BT 230.62 245.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 254.20 245.25 Td (price ) Tj ET Q q 0 0 0 rg BT 276.65 245.25 Td (would ) Tj ET Q q 0 0 0 rg BT 304.11 245.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 329.35 245.25 Td (decline. ) Tj ET Q q 0 0 0 rg BT 363.19 245.25 Td (If ) Tj ET Q q 0 0 0 rg BT 372.32 245.25 Td (one ) Tj ET Q q 0 0 0 rg BT 389.22 245.25 Td (or ) Tj ET Q q 0 0 0 rg BT 400.02 245.25 Td (more ) Tj ET Q q 0 0 0 rg BT 423.03 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.83 245.25 Td (these ) Tj ET Q q 0 0 0 rg BT 456.84 245.25 Td (analysts ) Tj ET Q q 0 0 0 rg BT 491.52 245.25 Td (cease ) Tj ET Q q 0 0 0 rg BT 515.63 245.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 554.18 245.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 233.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.60 233.25 Td (company ) Tj ET Q q 0 0 0 rg BT 105.03 233.25 Td (or ) Tj ET Q q 0 0 0 rg BT 116.14 233.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 132.23 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 142.79 233.25 Td (publish ) Tj ET Q q 0 0 0 rg BT 175.01 233.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 205.55 233.25 Td (on ) Tj ET Q q 0 0 0 rg BT 218.32 233.25 Td (us ) Tj ET Q q 0 0 0 rg BT 229.99 233.25 Td (regularly) Tj ET Q q 0 0 0 rg BT 265.43 233.25 Td (, ) Tj ET Q q 0 0 0 rg BT 270.71 233.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 305.13 233.25 Td (for ) Tj ET Q q 0 0 0 rg BT 319.57 233.25 Td (our ) Tj ET Q q 0 0 0 rg BT 335.67 233.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 359.55 233.25 Td (could ) Tj ET Q q 0 0 0 rg BT 384.54 233.25 Td (decrease, ) Tj ET Q q 0 0 0 rg BT 424.23 233.25 Td (which ) Tj ET Q q 0 0 0 rg BT 451.44 233.25 Td (might ) Tj ET Q q 0 0 0 rg BT 477.55 233.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 502.53 233.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.64 233.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 542.52 233.25 Td (price ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 221.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 97.26 221.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 129.76 221.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.04 221.25 Td (decline.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 200.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 83.24 200.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 128.08 200.25 Td (in ) Tj ET Q q 0 0 0 rg BT 139.04 200.25 Td (our ) Tj ET Q q 0 0 0 rg BT 156.11 200.25 Td (charter ) Tj ET Q q 0 0 0 rg BT 188.73 200.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 235.79 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.97 200.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 296.03 200.25 Td (law ) Tj ET Q q 0 0 0 rg BT 313.09 200.25 Td (could ) Tj ET Q q 0 0 0 rg BT 338.49 200.25 Td (discourage ) Tj ET Q q 0 0 0 rg BT 386.11 200.25 Td (takeover ) Tj ET Q q 0 0 0 rg BT 423.71 200.25 Td (attempts ) Tj ET Q q 0 0 0 rg BT 460.77 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.95 200.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 498.78 200.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.18 200.25 Td (management ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 188.25 Td (entrenchment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 167.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.43 167.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 129.90 167.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.72 167.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 180.20 167.25 Td (certificate ) Tj ET Q q 0 0 0 rg BT 222.54 167.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.25 167.25 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 289.50 167.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.32 167.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 344.79 167.25 Td (and ) Tj ET Q q 0 0 0 rg BT 361.61 167.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 395.08 167.25 Td (bylaws ) Tj ET Q q 0 0 0 rg BT 425.79 167.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 457.61 167.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 501.66 167.25 Td (that ) Tj ET Q q 0 0 0 rg BT 519.03 167.25 Td (could ) Tj ET Q q 0 0 0 rg BT 543.63 167.25 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 155.25 Td (ef) Tj ET Q q 0 0 0 rg BT 71.80 155.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 89.29 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.12 155.25 Td (delaying ) Tj ET Q q 0 0 0 rg BT 137.05 155.25 Td (or ) Tj ET Q q 0 0 0 rg BT 147.88 155.25 Td (preventing ) Tj ET Q q 0 0 0 rg BT 193.15 155.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 227.85 155.25 Td (in ) Tj ET Q q 0 0 0 rg BT 238.13 155.25 Td (control ) Tj ET Q q 0 0 0 rg BT 268.96 155.25 Td (or ) Tj ET Q q 0 0 0 rg BT 279.79 155.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 314.50 155.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.77 155.25 Td (our ) Tj ET Q q 0 0 0 rg BT 340.60 155.25 Td (board ) Tj ET Q q 0 0 0 rg BT 365.87 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.70 155.25 Td (directors. ) Tj ET Q q 0 0 0 rg BT 416.51 155.25 Td (These ) Tj ET Q q 0 0 0 rg BT 442.88 155.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 487.05 155.25 Td (include:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 138.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 138.25 Td (a ) Tj ET Q q 0 0 0 rg BT 111.83 138.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 151.43 138.25 Td (board ) Tj ET Q q 0 0 0 rg BT 176.04 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.20 138.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 223.03 138.25 Td (with ) Tj ET Q q 0 0 0 rg BT 242.64 138.25 Td (three-year ) Tj ET Q q 0 0 0 rg BT 285.01 138.25 Td (staggered ) Tj ET Q q 0 0 0 rg BT 325.16 138.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 351.71 138.25 Td (which ) Tj ET Q q 0 0 0 rg BT 377.99 138.25 Td (may ) Tj ET Q q 0 0 0 rg BT 397.05 138.25 Td (delay ) Tj ET Q q 0 0 0 rg BT 420.54 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.60 138.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 461.99 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.15 138.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 524.54 138.25 Td (to ) Tj ET Q q 0 0 0 rg BT 534.16 138.25 Td (change ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.27 126.25 Td (membership ) Tj ET Q q 0 0 0 rg BT 172.20 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.03 126.25 Td (a ) Tj ET Q q 0 0 0 rg BT 189.97 126.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 226.35 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.18 126.25 Td (our ) Tj ET Q q 0 0 0 rg BT 253.01 126.25 Td (board ) Tj ET Q q 0 0 0 rg BT 278.28 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.11 126.25 Td (directors;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 109.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 109.25 Td (no ) Tj ET Q q 0 0 0 rg BT 118.11 109.25 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 165.09 109.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 193.20 109.25 Td (in ) Tj ET Q q 0 0 0 rg BT 203.53 109.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.31 109.25 Td (election ) Tj ET Q q 0 0 0 rg BT 252.51 109.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.40 109.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 303.44 109.25 Td (which ) Tj ET Q q 0 0 0 rg BT 330.43 109.25 Td (limits ) Tj ET Q q 0 0 0 rg BT 355.77 109.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.54 109.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 398.65 109.25 Td (of ) Tj ET Q q 0 0 0 rg BT 409.53 109.25 Td (minority ) Tj ET Q q 0 0 0 rg BT 446.53 109.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 499.63 109.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.97 109.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 531.40 109.25 Td (director ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 97.25 Td (candidates;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 80.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.88 80.25 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 159.76 80.25 Td (right ) Tj ET Q q 0 0 0 rg BT 180.77 80.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.21 80.25 Td (our ) Tj ET Q q 0 0 0 rg BT 206.66 80.25 Td (board ) Tj ET Q q 0 0 0 rg BT 231.55 80.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.99 80.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 279.09 80.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.99 80.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 309.98 80.25 Td (a ) Tj ET Q q 0 0 0 rg BT 316.53 80.25 Td (director ) Tj ET Q q 0 0 0 rg BT 349.74 80.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.64 80.25 Td (fill ) Tj ET Q q 0 0 0 rg BT 373.42 80.25 Td (a ) Tj ET Q q 0 0 0 rg BT 379.98 80.25 Td (vacancy ) Tj ET Q q 0 0 0 rg BT 414.85 80.25 Td (created ) Tj ET Q q 0 0 0 rg BT 445.83 80.25 Td (by ) Tj ET Q q 0 0 0 rg BT 457.94 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.28 80.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 514.94 80.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.39 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 539.72 80.25 Td (board ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 68.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.70 68.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 154.51 68.25 Td (or ) Tj ET Q q 0 0 0 rg BT 165.66 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.70 68.25 Td (resignation, ) Tj ET Q q 0 0 0 rg BT 230.46 68.25 Td (death ) Tj ET Q q 0 0 0 rg BT 254.93 68.25 Td (or ) Tj ET Q q 0 0 0 rg BT 266.09 68.25 Td (removal ) Tj ET Q q 0 0 0 rg BT 301.67 68.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.83 68.25 Td (a ) Tj ET Q q 0 0 0 rg BT 320.09 68.25 Td (director) Tj ET Q q 0 0 0 rg BT 350.78 68.25 Td (, ) Tj ET Q q 0 0 0 rg BT 356.10 68.25 Td (which ) Tj ET Q q 0 0 0 rg BT 383.36 68.25 Td (prevents ) Tj ET Q q 0 0 0 rg BT 420.06 68.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 473.43 68.25 Td (from ) Tj ET Q q 0 0 0 rg BT 495.69 68.25 Td (being ) Tj ET Q q 0 0 0 rg BT 520.73 68.25 Td (able ) Tj ET Q q 0 0 0 rg BT 540.21 68.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.81 68.25 Td (fill ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 56.25 Td (vacancies ) Tj ET Q q 0 0 0 rg BT 146.91 56.25 Td (on ) Tj ET Q q 0 0 0 rg BT 159.41 56.25 Td (our ) Tj ET Q q 0 0 0 rg BT 175.24 56.25 Td (board ) Tj ET Q q 0 0 0 rg BT 200.51 56.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.34 56.25 Td (directors;) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 740.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.57 740.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 148.92 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.05 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 176.18 740.10 Td (board ) Tj ET Q q 0 0 0 rg BT 201.74 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.87 740.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 250.66 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.24 740.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 304.02 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.59 740.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 337.39 740.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 365.18 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.31 740.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 415.75 740.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 439.65 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.89 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.47 740.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 510.25 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.27 740.10 Td (price ) Tj ET Q q 0 0 0 rg BT 548.05 740.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 728.10 Td (other ) Tj ET Q q 0 0 0 rg BT 128.58 728.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 153.29 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.11 728.10 Td (those ) Tj ET Q q 0 0 0 rg BT 187.70 728.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 217.68 728.10 Td (including ) Tj ET Q q 0 0 0 rg BT 257.94 728.10 Td (preferences ) Tj ET Q q 0 0 0 rg BT 306.50 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.43 728.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 351.48 728.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 379.24 728.10 Td (without ) Tj ET Q q 0 0 0 rg BT 412.29 728.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 461.43 728.10 Td (approval, ) Tj ET Q q 0 0 0 rg BT 501.40 728.10 Td (which ) Tj ET Q q 0 0 0 rg BT 528.33 728.10 Td (could ) Tj ET Q q 0 0 0 rg BT 553.03 728.10 Td (be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 716.10 Td (used ) Tj ET Q q 0 0 0 rg BT 126.38 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.66 716.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 189.15 716.10 Td (dilute ) Tj ET Q q 0 0 0 rg BT 214.42 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.14 716.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 273.30 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.13 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 291.07 716.10 Td (hostile ) Tj ET Q q 0 0 0 rg BT 320.23 716.10 Td (acquirer;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 699.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 699.10 Td (a ) Tj ET Q q 0 0 0 rg BT 112.49 699.10 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 159.44 699.10 Td (on ) Tj ET Q q 0 0 0 rg BT 171.95 699.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 221.11 699.10 Td (action ) Tj ET Q q 0 0 0 rg BT 248.05 699.10 Td (by ) Tj ET Q q 0 0 0 rg BT 260.56 699.10 Td (written ) Tj ET Q q 0 0 0 rg BT 291.39 699.10 Td (consent, ) Tj ET Q q 0 0 0 rg BT 326.94 699.10 Td (which ) Tj ET Q q 0 0 0 rg BT 353.89 699.10 Td (forces ) Tj ET Q q 0 0 0 rg BT 380.82 699.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 429.99 699.10 Td (action ) Tj ET Q q 0 0 0 rg BT 456.93 699.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.21 699.10 Td (be ) Tj ET Q q 0 0 0 rg BT 479.15 699.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 503.32 699.10 Td (at ) Tj ET Q q 0 0 0 rg BT 513.04 699.10 Td (an ) Tj ET Q q 0 0 0 rg BT 524.98 699.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 554.15 699.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 687.10 Td (special ) Tj ET Q q 0 0 0 rg BT 135.81 687.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 170.53 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.36 687.10 Td (our ) Tj ET Q q 0 0 0 rg BT 197.19 687.10 Td (stockholders;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 670.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.94 670.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 170.42 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 187.59 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 194.20 670.10 Td (special ) Tj ET Q q 0 0 0 rg BT 224.13 670.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 258.52 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.02 670.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 321.74 670.10 Td (may ) Tj ET Q q 0 0 0 rg BT 341.13 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 352.74 670.10 Td (called ) Tj ET Q q 0 0 0 rg BT 378.78 670.10 Td (only ) Tj ET Q q 0 0 0 rg BT 398.73 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 410.90 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.29 670.10 Td (chairman ) Tj ET Q q 0 0 0 rg BT 464.67 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.17 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.56 670.10 Td (board ) Tj ET Q q 0 0 0 rg BT 514.50 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.00 670.10 Td (directors, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.35 658.10 Td (chief ) Tj ET Q q 0 0 0 rg BT 142.93 658.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 183.82 658.10 Td (of) Tj ET Q q 0 0 0 rg BT 191.97 658.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 209.89 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 214.97 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.78 658.10 Td (president ) Tj ET Q q 0 0 0 rg BT 269.02 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 279.94 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.74 658.10 Td (board ) Tj ET Q q 0 0 0 rg BT 320.10 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.01 658.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 371.09 658.10 Td (which ) Tj ET Q q 0 0 0 rg BT 398.11 658.10 Td (may ) Tj ET Q q 0 0 0 rg BT 417.92 658.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 442.16 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.96 658.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 485.10 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.02 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.93 658.10 Td (stockholders ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.83 646.10 Td (force ) Tj ET Q q 0 0 0 rg BT 138.87 646.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 195.24 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.07 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 213.01 646.10 Td (proposal ) Tj ET Q q 0 0 0 rg BT 249.94 646.10 Td (or ) Tj ET Q q 0 0 0 rg BT 260.77 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.05 646.10 Td (take ) Tj ET Q q 0 0 0 rg BT 290.21 646.10 Td (action, ) Tj ET Q q 0 0 0 rg BT 319.64 646.10 Td (including ) Tj ET Q q 0 0 0 rg BT 359.92 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.63 646.10 Td (removal ) Tj ET Q q 0 0 0 rg BT 409.90 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.73 646.10 Td (directors; ) Tj ET Q q 0 0 0 rg BT 460.99 646.10 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 629.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 629.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 141.73 629.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 169.59 629.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 216.88 629.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.31 629.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 289.28 629.10 Td (must ) Tj ET Q q 0 0 0 rg BT 312.16 629.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 345.58 629.10 Td (with ) Tj ET Q q 0 0 0 rg BT 366.78 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.99 629.10 Td (order ) Tj ET Q q 0 0 0 rg BT 402.51 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.72 629.10 Td (nominate ) Tj ET Q q 0 0 0 rg BT 454.36 629.10 Td (candidates ) Tj ET Q q 0 0 0 rg BT 499.99 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.19 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.95 629.10 Td (board ) Tj ET Q q 0 0 0 rg BT 554.14 629.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 617.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 142.34 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 152.47 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.05 617.10 Td (propose ) Tj ET Q q 0 0 0 rg BT 195.51 617.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 226.74 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.32 617.10 Td (be ) Tj ET Q q 0 0 0 rg BT 247.56 617.10 Td (acted ) Tj ET Q q 0 0 0 rg BT 270.45 617.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 292.26 617.10 Td (at ) Tj ET Q q 0 0 0 rg BT 301.27 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 307.51 617.10 Td (stockholders) Tj ET Q q 0 0 0 rg BT 360.65 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.45 617.10 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 398.96 617.10 Td (which ) Tj ET Q q 0 0 0 rg BT 425.20 617.10 Td (may ) Tj ET Q q 0 0 0 rg BT 444.22 617.10 Td (discourage ) Tj ET Q q 0 0 0 rg BT 489.33 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 499.46 617.10 Td (deter ) Tj ET Q q 0 0 0 rg BT 521.25 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 527.49 617.10 Td (potential ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 605.10 Td (acquirer ) Tj ET Q q 0 0 0 rg BT 139.84 605.10 Td (from ) Tj ET Q q 0 0 0 rg BT 160.82 605.10 Td (conducting ) Tj ET Q q 0 0 0 rg BT 206.79 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.77 605.10 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 258.74 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.61 605.10 Td (proxies ) Tj ET Q q 0 0 0 rg BT 299.59 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.90 605.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 329.31 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.07 605.10 Td (acquirer) Tj ET Q q 0 0 0 rg BT 376.19 605.10 Td () Tj ET Q q 0 0 0 rg BT 378.97 605.10 Td (s ) Tj ET Q q 0 0 0 rg BT 384.40 605.10 Td (own ) Tj ET Q q 0 0 0 rg BT 403.16 605.10 Td (slate ) Tj ET Q q 0 0 0 rg BT 423.03 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.89 605.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 469.42 605.10 Td (or ) Tj ET Q q 0 0 0 rg BT 479.29 605.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 519.70 605.10 Td (attempting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.83 593.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 143.32 593.10 Td (control ) Tj ET Q q 0 0 0 rg BT 174.15 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.98 593.10 Td (us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 572.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 572.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.92 572.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.47 572.10 Td (also ) Tj ET Q q 0 0 0 rg BT 121.92 572.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 152.58 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.70 572.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 192.25 572.10 Td (anti-takeover ) Tj ET Q q 0 0 0 rg BT 247.34 572.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 291.35 572.10 Td (under ) Tj ET Q q 0 0 0 rg BT 316.46 572.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 357.10 572.10 Td (law) Tj ET Q q 0 0 0 rg BT 370.89 572.10 Td (. ) Tj ET Q q 0 0 0 rg BT 375.73 572.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 403.07 572.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 443.71 572.10 Td (law) Tj ET Q q 0 0 0 rg BT 457.50 572.10 Td (, ) Tj ET Q q 0 0 0 rg BT 462.34 572.10 Td (a ) Tj ET Q q 0 0 0 rg BT 469.12 572.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 517.56 572.10 Td (may ) Tj ET Q q 0 0 0 rg BT 537.12 572.10 Td (not, ) Tj ET Q q 0 0 0 rg BT 554.74 572.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 83.65 560.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 114.19 560.10 Td (in ) Tj ET Q q 0 0 0 rg BT 124.19 560.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.86 560.10 Td (business ) Tj ET Q q 0 0 0 rg BT 166.98 560.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 219.19 560.10 Td (with ) Tj ET Q q 0 0 0 rg BT 239.20 560.10 Td (any ) Tj ET Q q 0 0 0 rg BT 255.86 560.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 283.63 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.19 560.10 Td (15% ) Tj ET Q q 0 0 0 rg BT 314.74 560.10 Td (or ) Tj ET Q q 0 0 0 rg BT 325.30 560.10 Td (more ) Tj ET Q q 0 0 0 rg BT 348.07 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.63 560.10 Td (its ) Tj ET Q q 0 0 0 rg BT 370.30 560.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 399.18 560.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 422.51 560.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 449.74 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.18 560.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 491.95 560.10 Td (has ) Tj ET Q q 0 0 0 rg BT 507.51 560.10 Td (held ) Tj ET Q q 0 0 0 rg BT 526.95 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 560.10 Td (stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 548.10 Td (three ) Tj ET Q q 0 0 0 rg BT 86.15 548.10 Td (years ) Tj ET Q q 0 0 0 rg BT 109.74 548.10 Td (or) Tj ET Q q 0 0 0 rg BT 117.67 548.10 Td (, ) Tj ET Q q 0 0 0 rg BT 122.67 548.10 Td (among ) Tj ET Q q 0 0 0 rg BT 152.39 548.10 Td (other ) Tj ET Q q 0 0 0 rg BT 175.44 548.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 204.89 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.60 548.10 Td (board ) Tj ET Q q 0 0 0 rg BT 244.87 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.70 548.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 293.19 548.10 Td (has ) Tj ET Q q 0 0 0 rg BT 309.02 548.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 348.72 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.44 548.10 Td (transaction.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 501.28 Td (ITEM1B.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 501.28 Td (UNRESOLVED STAFF COMMENTS) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 473.10 Td (Not applicable. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 426.28 Td (ITEM2.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 426.28 Td (PROPERTIES) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 405.70 Td (The ) Tj ET Q q 0 0 0 rg BT 90.17 405.70 Td (following ) Tj ET Q q 0 0 0 rg BT 131.17 405.70 Td (table ) Tj ET Q q 0 0 0 rg BT 152.72 405.70 Td (sets ) Tj ET Q q 0 0 0 rg BT 169.84 405.70 Td (forth ) Tj ET Q q 0 0 0 rg BT 191.40 405.70 Td (the ) Tj ET Q q 0 0 0 rg BT 205.74 405.70 Td (location ) Tj ET Q q 0 0 0 rg BT 240.07 405.70 Td (and ) Tj ET Q q 0 0 0 rg BT 256.63 405.70 Td (approximate ) Tj ET Q q 0 0 0 rg BT 308.73 405.70 Td (square ) Tj ET Q q 0 0 0 rg BT 336.94 405.70 Td (footage ) Tj ET Q q 0 0 0 rg BT 369.05 405.70 Td (of ) Tj ET Q q 0 0 0 rg BT 379.50 405.70 Td (each ) Tj ET Q q 0 0 0 rg BT 399.93 405.70 Td (of ) Tj ET Q q 0 0 0 rg BT 410.38 405.70 Td (our ) Tj ET Q q 0 0 0 rg BT 425.83 405.70 Td (principal ) Tj ET Q q 0 0 0 rg BT 463.49 405.70 Td (properties. ) Tj ET Q q 0 0 0 rg BT 507.63 405.70 Td (All ) Tj ET Q q 0 0 0 rg BT 522.53 405.70 Td (properties ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 393.70 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 393.70 Td (leased ) Tj ET Q q 0 0 0 rg BT 91.69 393.70 Td (under ) Tj ET Q q 0 0 0 rg BT 116.96 393.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 157.22 393.70 Td (leases ) Tj ET Q q 0 0 0 rg BT 183.60 393.70 Td (that ) Tj ET Q q 0 0 0 rg BT 201.10 393.70 Td (expire ) Tj ET Q q 0 0 0 rg BT 228.58 393.70 Td (at ) Tj ET Q q 0 0 0 rg BT 238.30 393.70 Td (various ) Tj ET Q q 0 0 0 rg BT 270.24 393.70 Td (times ) Tj ET Q q 0 0 0 rg BT 294.40 393.70 Td (through ) Tj ET Q q 0 0 0 rg BT 328.01 393.70 Td (2018.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 368.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.00 368.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 201.00 368.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 368.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 368.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 343.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.00 343.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 201.00 343.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 343.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 343.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 318.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.00 318.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 201.00 318.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 318.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 318.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 293.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.00 293.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 201.00 293.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 293.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 293.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 268.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.00 268.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 201.00 268.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 268.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 268.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 243.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.00 243.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 201.00 243.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 243.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 243.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 218.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.00 218.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 201.00 218.20 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 218.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 218.20 147.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 368.20000000000005 m 197 368.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 201 368.20000000000005 m 348 368.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 368.20000000000005 m 499 368.20000000000005 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.20 372.87 Td (Location) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.85 372.87 Td (Primary Use) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.10 372.87 Td (ApproximateSquareFootage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 357.87 Td (Pleasanton, CA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 357.87 Td (Headquarters) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 357.87 Td (54,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 332.87 Td (San Diego, CA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 332.87 Td (Branch office) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 332.87 Td (14,400) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 307.87 Td (Omaha, NE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 307.87 Td (Branch office) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 307.87 Td (10,500) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 282.87 Td (Irvine, CA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 282.87 Td (Branch office) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 282.87 Td (3,400) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 257.87 Td (Calabasas, CA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 257.87 Td (Branch office) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 257.87 Td (1,500) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 232.87 Td (Montville, NJ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 232.87 Td (Branch office) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 232.87 Td (1,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 208.32 Td (Worcester, MA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.50 207.87 Td (Branch office) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 207.87 Td (1,000) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 181.80 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 181.80 Td (e ) Tj ET Q q 0 0 0 rg BT 88.73 181.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 120.75 181.80 Td (that ) Tj ET Q q 0 0 0 rg BT 138.90 181.80 Td (these ) Tj ET Q q 0 0 0 rg BT 162.60 181.80 Td (facilities ) Tj ET Q q 0 0 0 rg BT 200.18 181.80 Td (are ) Tj ET Q q 0 0 0 rg BT 215.54 181.80 Td (adequate ) Tj ET Q q 0 0 0 rg BT 254.22 181.80 Td (for ) Tj ET Q q 0 0 0 rg BT 269.03 181.80 Td (our ) Tj ET Q q 0 0 0 rg BT 285.52 181.80 Td (current ) Tj ET Q q 0 0 0 rg BT 316.98 181.80 Td (needs ) Tj ET Q q 0 0 0 rg BT 342.90 181.80 Td (and ) Tj ET Q q 0 0 0 rg BT 360.49 181.80 Td (that ) Tj ET Q q 0 0 0 rg BT 378.64 181.80 Td (suitable ) Tj ET Q q 0 0 0 rg BT 412.90 181.80 Td (additional ) Tj ET Q q 0 0 0 rg BT 456.04 181.80 Td (or ) Tj ET Q q 0 0 0 rg BT 467.52 181.80 Td (substitute ) Tj ET Q q 0 0 0 rg BT 509.01 181.80 Td (space ) Tj ET Q q 0 0 0 rg BT 534.37 181.80 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 181.80 Td (be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 169.80 Td (available ) Tj ET Q q 0 0 0 rg BT 88.09 169.80 Td (as ) Tj ET Q q 0 0 0 rg BT 98.92 169.80 Td (needed ) Tj ET Q q 0 0 0 rg BT 129.73 169.80 Td (to ) Tj ET Q q 0 0 0 rg BT 140.01 169.80 Td (accommodate ) Tj ET Q q 0 0 0 rg BT 198.04 169.80 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 246.06 169.80 Td (expansion ) Tj ET Q q 0 0 0 rg BT 289.11 169.80 Td (of ) Tj ET Q q 0 0 0 rg BT 299.94 169.80 Td (our ) Tj ET Q q 0 0 0 rg BT 315.77 169.80 Td (operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 134.98 Td (ITEM3.) 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Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 528.00 425.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 528.00 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 528.00 6.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 528.00 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 502.00 425.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 502.00 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 502.00 6.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 502.00 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 476.00 425.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 476.00 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 476.00 6.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.00 476.00 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 450.00 425.00 -13.00 re f /GS0 gs 0.8 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Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.65 505.57 Td (5.39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 505.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.60 505.57 Td (11.16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 492.57 Td (Second Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.50 492.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.60 492.57 Td (10.59) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.50 492.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 492.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.60 492.57 Td (18.15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 479.57 Td (Third Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.50 479.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.60 479.57 Td (17.53) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.50 479.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 479.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.60 479.57 Td (30.40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 466.57 Td (Fourth Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.50 466.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.60 466.57 Td (21.27) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.50 466.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 466.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.60 466.57 Td (29.46) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 453.73 Td (Year ended December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 440.57 Td (First Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.50 440.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.60 440.57 Td (18.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 440.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.60 440.57 Td (30.59) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 427.57 Td (Second Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.50 427.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.60 427.57 Td (21.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.50 427.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 427.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.60 427.57 Td (26.34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 414.57 Td (Third Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.50 414.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.60 414.57 Td (21.96) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.50 414.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 414.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.60 414.57 Td (32.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 401.57 Td (Fourth Quarter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.50 401.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.60 401.57 Td (22.46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.50 401.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 401.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.60 401.57 Td (33.24) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 372.20 Td (Holders of Our) Tj ET Q q 0 0 0 rg BT 114.31 372.20 Td ( Common Shar) Tj ET Q q 0 0 0 rg BT 179.14 372.20 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 355.80 Td (As ) Tj ET Q q 0 0 0 rg BT 86.48 355.80 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.67 355.80 Td (March10, ) Tj ET Q q 0 0 0 rg BT 141.63 355.80 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.63 355.80 Td (, ) Tj ET Q q 0 0 0 rg BT 167.00 355.80 Td (there ) Tj ET Q q 0 0 0 rg BT 189.85 355.80 Td (were ) Tj ET Q q 0 0 0 rg BT 212.14 355.80 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.76 355.80 Td (69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.76 355.80 Td (holders ) Tj ET Q q 0 0 0 rg BT 317.56 355.80 Td (of ) Tj ET Q q 0 0 0 rg BT 328.76 355.80 Td (record ) Tj ET Q q 0 0 0 rg BT 357.16 355.80 Td (of ) Tj ET Q q 0 0 0 rg BT 368.35 355.80 Td (our ) Tj ET Q q 0 0 0 rg BT 384.55 355.80 Td (common ) Tj ET Q q 0 0 0 rg BT 422.40 355.80 Td (stock. ) Tj ET Q q 0 0 0 rg BT 448.88 355.80 Td (Because ) Tj ET Q q 0 0 0 rg BT 485.06 355.80 Td (many ) Tj ET Q q 0 0 0 rg BT 510.14 355.80 Td (of ) Tj ET Q q 0 0 0 rg BT 521.33 355.80 Td (our ) Tj ET Q q 0 0 0 rg BT 537.52 355.80 Td (shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 343.80 Td (are ) Tj ET Q q 0 0 0 rg BT 64.55 343.80 Td (held ) Tj ET Q q 0 0 0 rg BT 84.60 343.80 Td (by ) Tj ET Q q 0 0 0 rg BT 97.44 343.80 Td (brokers ) Tj ET Q q 0 0 0 rg BT 130.27 343.80 Td (and ) Tj ET Q q 0 0 0 rg BT 147.54 343.80 Td (other ) Tj ET Q q 0 0 0 rg BT 170.93 343.80 Td (institutions ) Tj ET Q q 0 0 0 rg BT 218.22 343.80 Td (on ) Tj ET Q q 0 0 0 rg BT 231.06 343.80 Td (behalf ) Tj ET Q q 0 0 0 rg BT 258.88 343.80 Td (of ) Tj ET Q q 0 0 0 rg BT 270.05 343.80 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 325.94 343.80 Td (we ) Tj ET Q q 0 0 0 rg BT 340.44 343.80 Td (are ) Tj ET Q q 0 0 0 rg BT 355.48 343.80 Td (unable ) Tj ET Q q 0 0 0 rg BT 384.97 343.80 Td (to ) Tj ET Q q 0 0 0 rg BT 395.59 343.80 Td (estimate ) Tj ET Q q 0 0 0 rg BT 431.75 343.80 Td (the ) Tj ET Q q 0 0 0 rg BT 446.81 343.80 Td (total ) Tj ET Q q 0 0 0 rg BT 467.42 343.80 Td (number ) Tj ET Q q 0 0 0 rg BT 500.80 343.80 Td (of ) Tj ET Q q 0 0 0 rg BT 511.97 343.80 Td (stockholders ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 331.80 Td (represented ) Tj ET Q q 0 0 0 rg BT 98.08 331.80 Td (by ) Tj ET Q q 0 0 0 rg BT 110.58 331.80 Td (these ) Tj ET Q q 0 0 0 rg BT 133.63 331.80 Td (record ) Tj ET Q q 0 0 0 rg BT 161.67 331.80 Td (holders.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 305.50 Td (Dividend Policy) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 289.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 289.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.22 289.10 Td (have ) Tj ET Q q 0 0 0 rg BT 109.75 289.10 Td (never ) Tj ET Q q 0 0 0 rg BT 134.60 289.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 171.11 289.10 Td (or ) Tj ET Q q 0 0 0 rg BT 182.08 289.10 Td (paid, ) Tj ET Q q 0 0 0 rg BT 204.45 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.53 289.10 Td (do ) Tj ET Q q 0 0 0 rg BT 234.18 289.10 Td (not ) Tj ET Q q 0 0 0 rg BT 249.60 289.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 291.12 289.10 Td (declaring ) Tj ET Q q 0 0 0 rg BT 330.97 289.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.94 289.10 Td (paying, ) Tj ET Q q 0 0 0 rg BT 374.31 289.10 Td (any ) Tj ET Q q 0 0 0 rg BT 391.39 289.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 411.81 289.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 453.34 289.10 Td (on ) Tj ET Q q 0 0 0 rg BT 465.99 289.10 Td (our ) Tj ET Q q 0 0 0 rg BT 481.96 289.10 Td (common ) Tj ET Q q 0 0 0 rg BT 519.60 289.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 545.28 289.10 Td (Any ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 277.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.82 277.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 133.81 277.10 Td (as ) Tj ET Q q 0 0 0 rg BT 144.58 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.81 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.47 277.10 Td (declaration ) Tj ET Q q 0 0 0 rg BT 216.34 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.22 277.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 270.10 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.88 277.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 324.71 277.10 Td (if ) Tj ET Q q 0 0 0 rg BT 333.26 277.10 Td (any) Tj ET Q q 0 0 0 rg BT 347.05 277.10 Td (, ) Tj ET Q q 0 0 0 rg BT 352.00 277.10 Td (will ) Tj ET Q q 0 0 0 rg BT 370.00 277.10 Td (be ) Tj ET Q q 0 0 0 rg BT 381.89 277.10 Td (at ) Tj ET Q q 0 0 0 rg BT 391.55 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.21 277.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 448.09 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.87 277.10 Td (our ) Tj ET Q q 0 0 0 rg BT 474.65 277.10 Td (board ) Tj ET Q q 0 0 0 rg BT 499.86 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.64 277.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 548.07 277.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 265.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.97 265.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 101.76 265.10 Td (on ) Tj ET Q q 0 0 0 rg BT 115.67 265.10 Td (then ) Tj ET Q q 0 0 0 rg BT 136.80 265.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 172.38 265.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 220.46 265.10 Td (including ) Tj ET Q q 0 0 0 rg BT 262.15 265.10 Td (our ) Tj ET Q q 0 0 0 rg BT 279.39 265.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 318.29 265.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 362.47 265.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 404.15 265.10 Td (results, ) Tj ET Q q 0 0 0 rg BT 436.67 265.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 485.01 265.10 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 535.85 265.10 Td (capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 253.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 106.70 253.10 Td (business ) Tj ET Q q 0 0 0 rg BT 143.09 253.10 Td (prospects ) Tj ET Q q 0 0 0 rg BT 183.36 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.30 253.10 Td (other ) Tj ET Q q 0 0 0 rg BT 223.35 253.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 253.05 253.10 Td (our ) Tj ET Q q 0 0 0 rg BT 268.88 253.10 Td (board ) Tj ET Q q 0 0 0 rg BT 294.15 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.98 253.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 342.47 253.10 Td (may ) Tj ET Q q 0 0 0 rg BT 362.19 253.10 Td (deem ) Tj ET Q q 0 0 0 rg BT 386.34 253.10 Td (relevant.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 226.85 Td (Securities ) Tj ET Q q 0 0 0 rg BT 93.10 226.85 Td (Authorized for) Tj ET Q q 0 0 0 rg BT 156.52 226.85 Td ( Issuance Under) Tj ET Q q 0 0 0 rg BT 225.24 226.85 Td ( Equity Compensation Plans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 210.40 Td (See ) Tj ET Q q 0 0 0 rg BT 91.02 210.40 Td (Item12 ) Tj ET Q q 0 0 0 rg BT 125.92 210.40 Td (of ) Tj ET Q q 0 0 0 rg BT 138.33 210.40 Td (Part ) Tj ET Q q 0 0 0 rg BT 158.51 210.40 Td (III ) Tj ET Q q 0 0 0 rg BT 172.58 210.40 Td (of ) Tj ET Q q 0 0 0 rg BT 184.99 210.40 Td (this ) Tj ET Q q 0 0 0 rg BT 203.51 210.40 Td (report ) Tj ET Q q 0 0 0 rg BT 231.46 210.40 Td (regarding ) Tj ET Q q 0 0 0 rg BT 273.86 210.40 Td (information ) Tj ET Q q 0 0 0 rg BT 325.15 210.40 Td (about ) Tj ET Q q 0 0 0 rg BT 351.44 210.40 Td (securities ) Tj ET Q q 0 0 0 rg BT 393.28 210.40 Td (authorized ) Tj ET Q q 0 0 0 rg BT 439.56 210.40 Td (for ) Tj ET Q q 0 0 0 rg BT 455.30 210.40 Td (issuance ) Tj ET Q q 0 0 0 rg BT 493.25 210.40 Td (under ) Tj ET Q q 0 0 0 rg BT 520.10 210.40 Td (our ) Tj ET Q q 0 0 0 rg BT 537.50 210.40 Td (equity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 198.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.54 198.45 Td (plans.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 172.15 Td (Performance Graph) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 155.70 Td (The following graph compares the total cumulative shareholder return on our common stock with the total cumulative ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 143.70 Td (return of the NYSE Composite Index, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.36 143.70 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 246.42 143.70 Td (Arca ) Tj ET Q q 0 0 0 rg BT 268.17 143.70 Td (T) Tj ET Q q 0 0 0 rg BT 273.58 143.70 Td (echnology Index) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.50 143.70 Td (, and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.16 143.70 Td (S&P) Tj ET Q q 0 0 0 rg BT 395.69 143.70 Td ( 500 North ) Tj ET Q q 0 0 0 rg BT 440.96 143.70 Td (American ) Tj ET Q q 0 0 0 rg BT 482.71 143.70 Td (T) Tj ET Q q 0 0 0 rg BT 488.12 143.70 Td (echnology-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 131.70 Td (Software Index) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.87 131.70 Td ( for the period from ) Tj ET Q q 0 0 0 rg BT 191.68 131.70 Td (April15, 201) Tj ET Q q 0 0 0 rg BT 244.92 131.70 Td (1 \(the date our common stock commenced trading on the NYSE MKT\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 119.70 Td (through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.11 119.70 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.69 119.70 Td (. ) Tj ET Q q 0 0 0 rg BT 166.51 119.70 Td (The graph reflects the closing sales price of $6.77 per share on ) Tj ET Q q 0 0 0 rg BT 418.92 119.70 Td (April15, 201) Tj ET Q q 0 0 0 rg BT 472.16 119.70 Td (1 as the initial value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 107.70 Td (of our common stock. ) Tj ET Q q 0 0 0 rg BT 139.58 107.70 Td (W) Tj ET Q q 0 0 0 rg BT 148.22 107.70 Td (e selected the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.58 107.70 Td (S&P) Tj ET Q q 0 0 0 rg BT 223.11 107.70 Td ( 500 North ) Tj ET Q q 0 0 0 rg BT 268.39 107.70 Td (American ) Tj ET Q q 0 0 0 rg BT 310.13 107.70 Td (T) Tj ET Q q 0 0 0 rg BT 315.54 107.70 Td (echnology-Software Index) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.89 107.70 Td ( as a replacement for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.40 107.70 Td (NYSE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 95.70 Td (Arca ) Tj ET Q q 0 0 0 rg BT 71.25 95.70 Td (T) Tj ET Q q 0 0 0 rg BT 76.66 95.70 Td (echnology Index) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.58 95.70 Td (, which was discontinued as a published index during 2013. ) Tj ET Q q 0 0 0 rg BT 386.60 95.70 Td (As such, we do not present the total ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 83.70 Td (cumulative return for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.68 83.70 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 179.74 83.70 Td (Arca ) Tj ET Q q 0 0 0 rg BT 201.49 83.70 Td (T) Tj ET Q q 0 0 0 rg BT 206.90 83.70 Td (echnology Index) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.83 83.70 Td ( beyond December 31, 2012.) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (25) Tj ET Q /GS0 gs q 513.00 0 0 427.00 61.00 320.00 cm /I24 Do Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 294.50 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 294.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 294.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 294.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 294.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 294.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 294.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.00 294.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 264.50 326.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 264.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 264.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 264.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 264.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 264.50 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.00 264.50 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.00 264.50 43.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 294.5 m 418 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423 294.5 m 466 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 294.5 m 471 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 294.5 m 514 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 294.5 m 519 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519 294.5 m 562 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 294.5 m 418 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423 294.5 m 466 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 294.5 m 471 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 294.5 m 514 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 294.5 m 519 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519 294.5 m 562 294.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 299.17 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 379.95 298.73 Td (4/15/2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.95 298.73 Td (12/31/2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.75 298.73 Td (12/31/2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.75 298.73 Td (12/31/2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 284.17 Td (Ellie Mae, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.60 284.17 Td (100.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.60 284.17 Td (83.46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.60 284.17 Td (409.90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.60 284.17 Td (396.90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 269.17 Td (NYSE Composite) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.60 269.17 Td (100.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.60 269.17 Td (90.64) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.60 269.17 Td (105.13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.60 269.17 Td (132.74) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 254.17 Td (NYSE Arca Technology) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.60 254.17 Td (100.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.60 254.17 Td (71.86) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.60 254.17 Td (77.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 254.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 239.17 Td (S&P 500 North American Technology-Software) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.60 239.17 Td (100.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.60 239.17 Td (87.52) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.60 239.17 Td (102.77) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.60 239.17 Td (134.74) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 215.07 Td (*) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 215.07 Td (Assumes that $100.00 was invested in our common stock and in each index at market closing prices on April15, 2011,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 205.07 Td (and that all dividends were reinvested. The graph assumes our closing sales price on April 15, 2011 of $6.77 per share as) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 195.07 Td (the initial value of our common stock. No cash dividends have been declared on our common stock since our initial public) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 185.07 Td (offering. Stockholder returns over the indicated period should not be considered indicative of future share prices or) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 175.07 Td (stockholder returns.) Tj ET Q BT /F2 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.50 153.60 Td (This ) Tj ET Q q 0 0 0 rg BT 92.26 153.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 145.88 153.60 Td (graph ) Tj ET Q q 0 0 0 rg BT 172.30 153.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 194.28 153.60 Td (not ) Tj ET Q q 0 0 0 rg BT 209.58 153.60 Td (be ) Tj ET Q q 0 0 0 rg BT 221.55 153.60 Td (deemed ) Tj ET Q q 0 0 0 rg BT 254.61 153.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 286.04 153.60 Td (for ) Tj ET Q q 0 0 0 rg BT 300.23 153.60 Td (purposes ) Tj ET Q q 0 0 0 rg BT 338.87 153.60 Td (of ) Tj ET Q q 0 0 0 rg BT 349.18 153.60 Td (Section ) Tj ET Q q 0 0 0 rg BT 381.14 153.60 Td (18 ) Tj ET Q q 0 0 0 rg BT 393.66 153.60 Td (of ) Tj ET Q q 0 0 0 rg BT 403.97 153.60 Td (the ) Tj ET Q q 0 0 0 rg BT 418.71 153.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 460.67 153.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 502.44 153.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 518.29 153.60 Td (of ) Tj ET Q q 0 0 0 rg BT 528.60 153.60 Td (1934, ) Tj ET Q q 0 0 0 rg BT 553.63 153.60 Td (as ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 141.60 Td (amended ) Tj ET Q q 0 0 0 rg BT 88.21 141.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 106.37 141.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 148.21 141.60 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 169.98 141.60 Td (or ) Tj ET Q q 0 0 0 rg BT 181.48 141.60 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 236.30 141.60 Td (by ) Tj ET Q q 0 0 0 rg BT 248.35 141.60 Td (r) Tj ET Q q 0 0 0 rg BT 251.87 141.60 Td (efer) Tj ET Q q 0 0 0 rg BT 267.05 141.60 Td (ence ) Tj ET Q q 0 0 0 rg BT 287.97 141.60 Td (into ) Tj ET Q q 0 0 0 rg BT 306.14 141.60 Td (any ) Tj ET Q q 0 0 0 rg BT 323.19 141.60 Td (filing ) Tj ET Q q 0 0 0 rg BT 346.91 141.60 Td (of ) Tj ET Q q 0 0 0 rg BT 357.30 141.60 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 378.79 141.60 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 401.67 141.60 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 419.55 141.60 Td (under ) Tj ET Q q 0 0 0 rg BT 445.49 141.60 Td (the ) Tj ET Q q 0 0 0 rg BT 460.31 141.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 502.17 141.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 518.10 141.60 Td (of ) Tj ET Q q 0 0 0 rg BT 528.49 141.60 Td (1933, ) Tj ET Q q 0 0 0 rg BT 553.60 141.60 Td (as ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 129.60 Td (amended, ) Tj ET Q q 0 0 0 rg BT 90.60 129.60 Td (or ) Tj ET Q q 0 0 0 rg BT 101.99 129.60 Td (the ) Tj ET Q q 0 0 0 rg BT 116.71 129.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 158.45 129.60 Td (Act, ) Tj ET Q q 0 0 0 rg BT 176.78 129.60 Td (except ) Tj ET Q q 0 0 0 rg BT 204.81 129.60 Td (as ) Tj ET Q q 0 0 0 rg BT 216.20 129.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 238.15 129.60 Td (be ) Tj ET Q q 0 0 0 rg BT 250.09 129.60 Td (expr) Tj ET Q q 0 0 0 rg BT 267.48 129.60 Td (essly ) Tj ET Q q 0 0 0 rg BT 289.42 129.60 Td (set ) Tj ET Q q 0 0 0 rg BT 303.03 129.60 Td (forth ) Tj ET Q q 0 0 0 rg BT 324.98 129.60 Td (by ) Tj ET Q q 0 0 0 rg BT 336.92 129.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 369.96 129.60 Td (r) Tj ET Q q 0 0 0 rg BT 373.48 129.60 Td (efer) Tj ET Q q 0 0 0 rg BT 388.66 129.60 Td (ence ) Tj ET Q q 0 0 0 rg BT 409.47 129.60 Td (in ) Tj ET Q q 0 0 0 rg BT 419.75 129.60 Td (such ) Tj ET Q q 0 0 0 rg BT 440.58 129.60 Td (filing.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 103.35 Td (Recent ) Tj ET Q q 0 0 0 rg BT 81.43 103.35 Td (Sales ) Tj ET Q q 0 0 0 rg BT 105.60 103.35 Td (of ) Tj ET Q q 0 0 0 rg BT 116.43 103.35 Td (Unr) Tj ET Q q 0 0 0 rg BT 133.47 103.35 Td (egister) Tj ET Q q 0 0 0 rg BT 161.60 103.35 Td (ed ) Tj ET Q q 0 0 0 rg BT 174.10 103.35 Td (Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 86.95 Td (None.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 65.05 Td (Pur) Tj ET Q q 0 0 0 rg BT 65.43 65.05 Td (chases ) Tj ET Q q 0 0 0 rg BT 95.15 65.05 Td (of ) Tj ET Q q 0 0 0 rg BT 105.98 65.05 Td (Equity ) Tj ET Q q 0 0 0 rg BT 137.38 65.05 Td (Securities ) Tj ET Q q 0 0 0 rg BT 181.54 65.05 Td (by ) Tj ET Q q 0 0 0 rg BT 194.60 65.05 Td (the ) Tj ET Q q 0 0 0 rg BT 210.43 65.05 Td (Issuer) Tj ET Q q 0 0 0 rg BT 236.36 65.05 Td ( ) Tj ET Q q 0 0 0 rg BT 238.86 65.05 Td (and ) Tj ET Q q 0 0 0 rg BT 256.93 65.05 Td (Affiliated ) Tj ET Q q 0 0 0 rg BT 299.98 65.05 Td (Pur) Tj ET Q q 0 0 0 rg BT 315.91 65.05 Td (chasers) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 48.65 Td (None.) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (26) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 737.23 Td (ITEM6.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 737.23 Td (SELECTED CONSOLIDATED FINANCIAL DATA) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 715.60 Td (The ) Tj ET Q q 0 0 0 rg BT 90.21 715.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 142.91 715.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 187.28 715.60 Td (of ) Tj ET Q q 0 0 0 rg BT 197.77 715.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 241.58 715.60 Td (data ) Tj ET Q q 0 0 0 rg BT 260.40 715.60 Td (for ) Tj ET Q q 0 0 0 rg BT 274.22 715.60 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.60 715.60 Td (years ) Tj ET Q q 0 0 0 rg BT 311.85 715.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 337.89 715.60 Td (December ) Tj ET Q q 0 0 0 rg BT 381.13 715.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 395.79 715.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 420.45 715.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 442.61 715.60 Td (and ) Tj ET Q q 0 0 0 rg BT 459.21 715.60 Td (201) Tj ET Q q 0 0 0 rg BT 473.84 715.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.84 715.60 Td ( ) Tj ET Q q 0 0 0 rg BT 481.00 715.60 Td (and ) Tj ET Q q 0 0 0 rg BT 497.60 715.60 Td (the ) Tj ET Q q 0 0 0 rg BT 511.97 715.60 Td (consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 703.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 82.83 703.60 Td (sheets ) Tj ET Q q 0 0 0 rg BT 110.07 703.60 Td (data ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.53 703.60 Td (as ) Tj ET Q q 0 0 0 rg BT 140.66 703.60 Td (of ) Tj ET Q q 0 0 0 rg BT 151.79 703.60 Td (December31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.88 703.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.68 703.60 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.68 703.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.48 703.60 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.72 703.60 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.72 703.60 Td ( ) Tj ET Q q 0 0 0 rg BT 273.52 703.60 Td (are ) Tj ET Q q 0 0 0 rg BT 288.53 703.60 Td (derived ) Tj ET Q q 0 0 0 rg BT 321.32 703.60 Td (from ) Tj ET Q q 0 0 0 rg BT 343.56 703.60 Td (our ) Tj ET Q q 0 0 0 rg BT 359.69 703.60 Td (audited ) Tj ET Q q 0 0 0 rg BT 391.93 703.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 445.27 703.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 483.05 703.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 528.07 703.60 Td (included ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 691.60 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 91.77 691.60 Td (in ) Tj ET Q q 0 0 0 rg BT 101.85 691.60 Td (this ) Tj ET Q q 0 0 0 rg BT 118.59 691.60 Td (report. ) Tj ET Q q 0 0 0 rg BT 147.10 691.60 Td (The ) Tj ET Q q 0 0 0 rg BT 164.94 691.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 217.78 691.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 262.29 691.60 Td (of ) Tj ET Q q 0 0 0 rg BT 272.92 691.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 316.87 691.60 Td (data ) Tj ET Q q 0 0 0 rg BT 335.82 691.60 Td (for ) Tj ET Q q 0 0 0 rg BT 349.77 691.60 Td (the ) Tj ET Q q 0 0 0 rg BT 364.29 691.60 Td (years ) Tj ET Q q 0 0 0 rg BT 387.68 691.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 413.86 691.60 Td (December31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.24 691.60 Td (2010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.24 691.60 Td ( ) Tj ET Q q 0 0 0 rg BT 494.53 691.60 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.27 691.60 Td (2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.27 691.60 Td ( ) Tj ET Q q 0 0 0 rg BT 533.56 691.60 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 691.60 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 679.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.08 679.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 136.65 679.60 Td (sheets ) Tj ET Q q 0 0 0 rg BT 164.12 679.60 Td (data ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.81 679.60 Td (as ) Tj ET Q q 0 0 0 rg BT 195.18 679.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.54 679.60 Td (December31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.63 679.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.67 679.60 Td (201) Tj ET Q q 0 0 0 rg BT 280.29 679.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.29 679.60 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.83 679.60 Td (2010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.83 679.60 Td ( ) Tj ET Q q 0 0 0 rg BT 313.87 679.60 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.34 679.60 Td (2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.34 679.60 Td ( ) Tj ET Q q 0 0 0 rg BT 354.38 679.60 Td (are ) Tj ET Q q 0 0 0 rg BT 369.62 679.60 Td (derived ) Tj ET Q q 0 0 0 rg BT 402.64 679.60 Td (from ) Tj ET Q q 0 0 0 rg BT 425.12 679.60 Td (our ) Tj ET Q q 0 0 0 rg BT 441.48 679.60 Td (audited ) Tj ET Q q 0 0 0 rg BT 473.95 679.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.53 679.60 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 667.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.43 667.60 Td (not ) Tj ET Q q 0 0 0 rg BT 109.93 667.60 Td (included ) Tj ET Q q 0 0 0 rg BT 147.09 667.60 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 189.78 667.60 Td (in ) Tj ET Q q 0 0 0 rg BT 200.28 667.60 Td (this ) Tj ET Q q 0 0 0 rg BT 217.45 667.60 Td (report. ) Tj ET Q q 0 0 0 rg BT 246.55 667.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 264.82 667.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 304.76 667.60 Td (results ) Tj ET Q q 0 0 0 rg BT 333.59 667.60 Td (are ) Tj ET Q q 0 0 0 rg BT 348.52 667.60 Td (not ) Tj ET Q q 0 0 0 rg BT 364.01 667.60 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 411.16 667.60 Td (indicative ) Tj ET Q q 0 0 0 rg BT 453.31 667.60 Td (of ) Tj ET Q q 0 0 0 rg BT 464.36 667.60 Td (future ) Tj ET Q q 0 0 0 rg BT 490.96 667.60 Td (performance. ) Tj ET Q q 0 0 0 rg BT 546.30 667.60 Td (Y) Tj ET Q q 0 0 0 rg BT 552.52 667.60 Td (ou ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 655.60 Td (should ) Tj ET Q q 0 0 0 rg BT 78.19 655.60 Td (read ) Tj ET Q q 0 0 0 rg BT 97.41 655.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.64 655.60 Td (following ) Tj ET Q q 0 0 0 rg BT 152.55 655.60 Td (selected ) Tj ET Q q 0 0 0 rg BT 186.77 655.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 239.32 655.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.32 655.60 Td (data ) Tj ET Q q 0 0 0 rg BT 294.99 655.60 Td (below ) Tj ET Q q 0 0 0 rg BT 321.45 655.60 Td (in ) Tj ET Q q 0 0 0 rg BT 331.24 655.60 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 380.47 655.60 Td (with ) Tj ET Q q 0 0 0 rg BT 400.27 655.60 Td (Management) Tj ET Q q 0 0 0 rg BT 459.69 655.60 Td (s ) Tj ET Q q 0 0 0 rg BT 465.59 655.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 511.50 655.60 Td (and ) Tj ET Q q 0 0 0 rg BT 527.51 655.60 Td (Analysis ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 643.60 Td (of ) Tj ET Q q 0 0 0 rg BT 61.06 643.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 101.51 643.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 144.75 643.60 Td (and ) Tj ET Q q 0 0 0 rg BT 162.42 643.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 195.11 643.60 Td (of ) Tj ET Q q 0 0 0 rg BT 206.67 643.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 258.22 643.60 Td (and ) Tj ET Q q 0 0 0 rg BT 275.90 643.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.35 643.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 345.13 643.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 383.34 643.60 Td (statements, ) Tj ET Q q 0 0 0 rg BT 431.29 643.60 Td (related ) Tj ET Q q 0 0 0 rg BT 461.72 643.60 Td (notes ) Tj ET Q q 0 0 0 rg BT 486.07 643.60 Td (and ) Tj ET Q q 0 0 0 rg BT 503.74 643.60 Td (other ) Tj ET Q q 0 0 0 rg BT 527.52 643.60 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 631.60 Td (information ) Tj ET Q q 0 0 0 rg BT 99.29 631.60 Td (included ) Tj ET Q q 0 0 0 rg BT 136.30 631.60 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 178.86 631.60 Td (in ) Tj ET Q q 0 0 0 rg BT 189.22 631.60 Td (this ) Tj ET Q q 0 0 0 rg BT 206.25 631.60 Td (report. ) Tj ET Q q 0 0 0 rg BT 235.02 631.60 Td (The ) Tj ET Q q 0 0 0 rg BT 253.14 631.60 Td (selected ) Tj ET Q q 0 0 0 rg BT 287.92 631.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 341.05 631.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 378.61 631.60 Td (data ) Tj ET Q q 0 0 0 rg BT 397.84 631.60 Td (in ) Tj ET Q q 0 0 0 rg BT 408.20 631.60 Td (this ) Tj ET Q q 0 0 0 rg BT 425.23 631.60 Td (section ) Tj ET Q q 0 0 0 rg BT 456.13 631.60 Td (are ) Tj ET Q q 0 0 0 rg BT 470.92 631.60 Td (not ) Tj ET Q q 0 0 0 rg BT 486.28 631.60 Td (intended ) Tj ET Q q 0 0 0 rg BT 523.29 631.60 Td (to ) Tj ET Q q 0 0 0 rg BT 533.65 631.60 Td (replace ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 619.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.16 619.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 117.14 619.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.57 619.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 199.22 619.60 Td (and ) Tj ET Q q 0 0 0 rg BT 216.10 619.60 Td (are ) Tj ET Q q 0 0 0 rg BT 230.75 619.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 268.74 619.60 Td (in ) Tj ET Q q 0 0 0 rg BT 278.96 619.60 Td (their ) Tj ET Q q 0 0 0 rg BT 299.73 619.60 Td (entirety ) Tj ET Q q 0 0 0 rg BT 332.71 619.60 Td (by ) Tj ET Q q 0 0 0 rg BT 345.16 619.60 Td (the ) Tj ET Q q 0 0 0 rg BT 359.82 619.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 412.80 619.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 450.22 619.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 494.88 619.60 Td (and ) Tj ET Q q 0 0 0 rg BT 511.76 619.60 Td (related ) Tj ET Q q 0 0 0 rg BT 541.40 619.60 Td (notes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 607.60 Td (included ) Tj ET Q q 0 0 0 rg BT 86.43 607.60 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 128.91 607.60 Td (in ) Tj ET Q q 0 0 0 rg BT 139.19 607.60 Td (this ) Tj ET Q q 0 0 0 rg BT 156.14 607.60 Td (report.) 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1 rg /GS0 gs 507.00 450.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 420.10 214.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 420.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 420.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 420.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 420.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 420.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.00 420.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 420.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 420.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 420.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 390.10 214.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 390.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 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55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.00 360.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 360.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 360.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 360.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 330.10 214.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 330.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 330.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 330.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 330.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 330.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.00 330.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 330.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 330.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 330.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 300.10 214.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 300.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 300.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 300.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 300.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 300.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.00 300.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 300.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 300.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 300.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 270.10 214.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 270.10 55.00 -15.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 385.00 240.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.00 240.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 240.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 240.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 240.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 210.10 214.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 210.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 210.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 210.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 210.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 210.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.00 210.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 210.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 210.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 210.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 180.10 214.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 180.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 180.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 180.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 180.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.00 180.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.00 180.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.00 180.10 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 180.10 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 180.10 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 570.1 m 318 570.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 555.1 m 318 555.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 570.1 m 324 570.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 570.1 m 379 570.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 555.1 m 379 555.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 570.1 m 385 570.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 570.1 m 440 570.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 555.1 m 440 555.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440 570.1 m 446 570.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 570.1 m 501 570.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 555.1 m 501 555.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 570.1 m 507 570.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 570.1 m 562 570.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 555.1 m 562 555.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 495.1 m 318 495.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 495.1 m 379 495.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 495.1 m 440 495.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 495.1 m 501 495.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 495.1 m 562 495.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 405.1 m 318 405.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 405.1 m 379 405.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 405.1 m 440 405.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 405.1 m 501 405.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 405.1 m 562 405.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 390.1 m 318 390.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 390.1 m 379 390.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 390.1 m 440 390.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 390.1 m 501 390.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 390.1 m 562 390.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 345.1 m 318 345.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 345.1 m 379 345.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 345.1 m 440 345.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 345.1 m 501 345.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 345.1 m 562 345.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 300.1 m 318 300.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 300.1 m 379 300.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 300.1 m 440 300.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 300.1 m 501 300.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 300.1 m 562 300.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 271.1 m 318 271.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 269.1 m 318 269.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 271.1 m 379 271.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324 269.1 m 379 269.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 271.1 m 440 271.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 269.1 m 440 269.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 271.1 m 501 271.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 269.1 m 501 269.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 271.1 m 562 271.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 269.1 m 562 269.1 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 574.77 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.60 574.33 Td (Year ended December31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 559.77 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.00 559.33 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 559.35 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.00 559.33 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.50 559.35 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.00 559.33 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.50 559.35 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.00 559.33 Td (2010) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.00 559.33 Td (2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 544.77 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.50 544.33 Td (\(in thousands, except share and per share data\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 529.78 Td (Consolidated Statements of Operations Data:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.50 529.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 529.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.50 529.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 529.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.50 529.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.50 529.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.50 529.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 529.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 529.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 515.67 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.50 514.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.65 514.77 Td (128,481) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 514.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.50 514.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.65 514.77 Td (101,845) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 514.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.50 514.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 514.77 Td (55,494) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.50 514.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 514.77 Td (43,234) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 514.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 514.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 514.77 Td (37,707) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 500.67 Td (Cost of revenues \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.65 499.77 Td (32,748) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 499.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.65 499.77 Td (23,114) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 499.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 499.77 Td (15,784) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 499.77 Td (12,505) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 499.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 499.77 Td (12,163) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 485.67 Td (Gross profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.65 484.77 Td (95,733) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.65 484.77 Td (78,731) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 484.77 Td (39,710) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 484.77 Td (30,729) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 484.77 Td (25,544) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 455.67 Td (Operating expenses:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.50 454.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 454.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.50 454.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 454.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.50 454.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.50 454.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 454.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 454.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 440.67 Td (Sales and marketing \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.65 439.77 Td (21,331) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 439.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.65 439.77 Td (17,887) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 439.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 439.77 Td (12,126) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 439.77 Td (9,555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 439.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 439.77 Td (7,532) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 425.67 Td (Research and development \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.65 424.77 Td (24,695) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 424.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.65 424.77 Td (18,053) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 424.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 424.77 Td (12,975) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 424.77 Td (10,468) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 424.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 424.77 Td (7,945) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 410.67 Td (General and administrative \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.65 409.77 Td (30,853) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 409.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.65 409.77 Td (21,601) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 409.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 409.77 Td (12,900) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 409.77 Td (9,823) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 409.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 409.77 Td (8,213) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 395.67 Td (Total operating expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.65 394.77 Td (76,879) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 394.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.65 394.77 Td (57,541) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 394.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 394.77 Td (38,001) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 394.77 Td (29,846) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 394.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.65 394.77 Td (23,690) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.50 380.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 380.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.50 380.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 380.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.50 380.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.50 380.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 380.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 380.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 365.67 Td (Income from operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.65 364.77 Td (18,854) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 364.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.65 364.77 Td (21,190) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 364.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.65 364.77 Td (1,709) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.15 364.77 Td (883) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 364.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 364.77 Td (1,854) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 350.67 Td (Other income \(expense\), net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 349.77 Td (460) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 349.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.80 349.82 Td (\(43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.15 349.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 349.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.15 349.77 Td (76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.15 349.77 Td (119) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 349.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 349.77 Td (72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.50 335.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 335.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.50 335.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 335.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.50 335.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.50 335.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 335.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 335.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 320.67 Td (Income before income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.65 319.77 Td (19,314) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 319.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.65 319.77 Td (21,147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 319.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.65 319.77 Td (1,785) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 319.77 Td (1,002) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 319.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 319.77 Td (1,926) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 305.67 Td (Income tax provision \(benefit\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.65 304.77 Td (6,738) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 304.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 304.77 Td (1,683) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 304.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.30 304.82 Td (\(1,835) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 304.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.15 304.77 Td (225) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 304.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 304.77 Td (264) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.50 290.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 290.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.50 290.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 290.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.50 290.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.50 290.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 290.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 290.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 275.67 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.50 274.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.65 274.77 Td (12,576) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 274.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.50 274.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.65 274.77 Td (19,464) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 274.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.50 274.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.65 274.77 Td (3,620) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.50 274.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.15 274.77 Td (777) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 274.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 274.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 274.77 Td (1,662) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.50 260.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 260.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.50 260.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 260.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.50 260.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.50 260.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 260.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 260.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 245.67 Td (Net income per share of common stock:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.50 244.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 244.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.50 244.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 244.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.50 244.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.50 244.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 244.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 244.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.50 230.67 Td (Basic) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.50 229.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.65 229.77 Td (0.47) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 229.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.50 229.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.65 229.77 Td (0.83) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 229.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.50 229.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.65 229.77 Td (0.23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.50 229.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 229.77 Td (0.22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 229.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 229.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 229.77 Td (0.51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.50 215.67 Td (Diluted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.50 214.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.65 214.77 Td (0.44) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 214.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.50 214.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.65 214.77 Td (0.76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 214.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.50 214.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.65 214.77 Td (0.18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.50 214.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 214.77 Td (0.05) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 214.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 214.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 214.77 Td (0.11) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 200.67 Td (Weighted average shares outstanding:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.50 199.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 199.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.50 199.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 199.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.50 199.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.50 199.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 199.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 199.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.50 185.67 Td (Basic) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.10 184.77 Td (26,581,962) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 184.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.10 184.77 Td (23,523,222) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 184.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.10 184.77 Td (15,618,053) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.10 184.77 Td (3,495,731) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.50 184.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.10 184.77 Td (3,266,133) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.50 170.67 Td (Diluted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.10 169.77 Td (28,502,403) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.50 169.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 425.5 m 385 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332 423.5 m 385 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 439.5 m 444 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 425.5 m 444 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 423.5 m 444 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 439.5 m 503 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 425.5 m 503 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 423.5 m 503 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 439.5 m 562 439.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 425.5 m 562 425.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 423.5 m 562 423.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 542.75 Td (\(1\) Stock-based compensation included in the above line items:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.60 529.73 Td (Year ended December31,) Tj ET Q BT /F3 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489.17 Td (103) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.50 489.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.15 489.17 Td (192) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.50 489.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 489.17 Td (144) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 474.17 Td (Sales and marketing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.65 474.17 Td (1,041) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.15 474.17 Td (467) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.15 474.17 Td (201) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.15 474.17 Td (303) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 474.17 Td (145) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 459.17 Td (Research and development) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.65 459.17 Td (3,469) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 459.17 Td (1,552) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.15 459.17 Td (406) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.15 459.17 Td (443) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 459.17 Td (271) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 444.17 Td (General and administrative) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.65 444.17 Td (9,004) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 444.17 Td (4,559) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.15 444.17 Td (970) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 444.17 Td (1,130) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 444.17 Td (563) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 429.17 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.50 429.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.65 429.17 Td (14,259) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 429.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 429.17 Td (6,849) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.50 429.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 429.17 Td (1,680) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.50 429.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 429.17 Td (2,068) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.50 429.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.65 429.17 Td (1,123) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 393.23 Td (ITEM7.) 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Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 276.60 Td (Overview) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 260.20 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 260.20 Td (e ) Tj ET Q q 0 0 0 rg BT 89.26 260.20 Td (provide ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.50 260.20 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 172.17 260.20 Td (software ) Tj ET Q q 0 0 0 rg BT 210.28 260.20 Td (solutions ) Tj ET Q q 0 0 0 rg BT 250.09 260.20 Td (and ) Tj ET Q q 0 0 0 rg BT 268.21 260.20 Td (services ) Tj ET Q q 0 0 0 rg BT 304.11 260.20 Td (for ) Tj ET Q q 0 0 0 rg BT 319.45 260.20 Td (the ) Tj ET Q q 0 0 0 rg BT 335.36 260.20 Td (residential ) Tj ET Q q 0 0 0 rg BT 380.69 260.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 422.14 260.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 458.61 260.20 Td (in ) Tj ET Q q 0 0 0 rg BT 470.07 260.20 Td (the ) Tj ET Q q 0 0 0 rg BT 485.98 260.20 Td (United ) Tj ET Q q 0 0 0 rg BT 516.88 260.20 Td (States) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.77 260.20 Td (. ) Tj ET Q q 0 0 0 rg BT 546.95 260.20 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.15 248.20 Td (management ) Tj ET Q q 0 0 0 rg BT 142.12 248.20 Td (solutions ) Tj ET Q q 0 0 0 rg BT 180.11 248.20 Td (help ) Tj ET Q q 0 0 0 rg BT 199.21 248.20 Td (streamline ) Tj ET Q q 0 0 0 rg BT 242.74 248.20 Td (and ) Tj ET Q q 0 0 0 rg BT 259.06 248.20 Td (automate ) Tj ET Q q 0 0 0 rg BT 297.60 248.20 Td (the ) Tj ET Q q 0 0 0 rg BT 311.69 248.20 Td (process ) Tj ET Q q 0 0 0 rg BT 343.57 248.20 Td (of ) Tj ET Q q 0 0 0 rg BT 353.78 248.20 Td (originating ) Tj ET Q q 0 0 0 rg BT 399.54 248.20 Td (and ) Tj ET Q q 0 0 0 rg BT 415.86 248.20 Td (funding ) Tj ET Q q 0 0 0 rg BT 448.85 248.20 Td (new ) Tj ET Q q 0 0 0 rg BT 467.39 248.20 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 507.04 248.20 Td (loans, ) Tj ET Q q 0 0 0 rg BT 532.53 248.20 Td (thereby ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.20 Td (increasing ) Tj ET Q q 0 0 0 rg BT 91.98 236.20 Td (ef) Tj ET Q q 0 0 0 rg BT 99.57 236.20 Td (ficiency) Tj ET Q q 0 0 0 rg BT 131.12 236.20 Td (, ) Tj ET Q q 0 0 0 rg BT 135.00 236.20 Td (improving ) Tj ET Q q 0 0 0 rg BT 178.05 236.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 196.65 236.20 Td (quality) Tj ET Q q 0 0 0 rg BT 223.78 236.20 Td (, ) Tj ET Q q 0 0 0 rg BT 227.66 236.20 Td (facilitating ) Tj ET Q q 0 0 0 rg BT 272.36 236.20 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 314.84 236.20 Td (compliance ) Tj ET Q q 0 0 0 rg BT 362.31 236.20 Td (and ) Tj ET Q q 0 0 0 rg BT 378.14 236.20 Td (reducing ) Tj ET Q q 0 0 0 rg BT 414.50 236.20 Td (documentation ) Tj ET Q q 0 0 0 rg BT 475.32 236.20 Td (errors ) Tj ET Q q 0 0 0 rg BT 500.02 236.20 Td (while ) Tj ET Q q 0 0 0 rg BT 523.62 236.20 Td (providing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.20 Td (one ) Tj ET Q q 0 0 0 rg BT 66.44 224.20 Td (system ) Tj ET Q q 0 0 0 rg BT 96.72 224.20 Td (of ) Tj ET Q q 0 0 0 rg BT 107.55 224.20 Td (record ) Tj ET Q q 0 0 0 rg BT 135.58 224.20 Td (for ) Tj ET Q q 0 0 0 rg BT 149.74 224.20 Td (loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.85 224.20 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 207.85 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 115.65 207.85 Td (originators ) Tj ET Q q 0 0 0 rg BT 163.25 207.85 Td (use ) Tj ET Q q 0 0 0 rg BT 180.86 207.85 Td (our ) Tj ET Q q 0 0 0 rg BT 198.46 207.85 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 248.28 207.85 Td (software, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.48 207.85 Td (a ) Tj ET Q q 0 0 0 rg BT 298.20 207.85 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 363.00 207.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 405.04 207.85 Td (system ) Tj ET Q q 0 0 0 rg BT 437.09 207.85 Td (that ) Tj ET Q q 0 0 0 rg BT 456.36 207.85 Td (handles ) Tj ET Q q 0 0 0 rg BT 491.19 207.85 Td (key ) Tj ET Q q 0 0 0 rg BT 509.90 207.85 Td (business ) Tj ET Q q 0 0 0 rg BT 548.06 207.85 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 195.80 Td (management ) Tj ET Q q 0 0 0 rg BT 102.78 195.80 Td (functions ) Tj ET Q q 0 0 0 rg BT 142.19 195.80 Td (involved ) Tj ET Q q 0 0 0 rg BT 179.38 195.80 Td (in ) Tj ET Q q 0 0 0 rg BT 189.34 195.80 Td (running ) Tj ET Q q 0 0 0 rg BT 222.64 195.80 Td (a ) Tj ET Q q 0 0 0 rg BT 229.27 195.80 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 269.23 195.80 Td (origination ) Tj ET Q q 0 0 0 rg BT 315.30 195.80 Td (business. ) Tj ET Q q 0 0 0 rg BT 353.89 195.80 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 394.95 195.80 Td (originators ) Tj ET Q q 0 0 0 rg BT 440.47 195.80 Td (use ) Tj ET Q q 0 0 0 rg BT 455.99 195.80 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 503.73 195.80 Td (as ) Tj ET Q q 0 0 0 rg BT 514.25 195.80 Td (a ) Tj ET Q q 0 0 0 rg BT 520.88 195.80 Td (single ) Tj ET Q q 0 0 0 rg BT 546.96 195.80 Td (tool ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 183.80 Td (for ) Tj ET Q q 0 0 0 rg BT 62.80 183.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 81.65 183.80 Td (processing, ) Tj ET Q q 0 0 0 rg BT 128.56 183.80 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 173.24 183.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 211.53 183.80 Td (communication ) Tj ET Q q 0 0 0 rg BT 275.37 183.80 Td (and ) Tj ET Q q 0 0 0 rg BT 291.45 183.80 Td (to ) Tj ET Q q 0 0 0 rg BT 300.86 183.80 Td (interact ) Tj ET Q q 0 0 0 rg BT 332.48 183.80 Td (electronically ) Tj ET Q q 0 0 0 rg BT 388.53 183.80 Td (with ) Tj ET Q q 0 0 0 rg BT 407.95 183.80 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 440.96 183.80 Td (investors ) Tj ET Q q 0 0 0 rg BT 478.71 183.80 Td (and ) Tj ET Q q 0 0 0 rg BT 494.78 183.80 Td (service ) Tj ET Q q 0 0 0 rg BT 524.74 183.80 Td (providers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 171.80 Td (over ) Tj ET Q q 0 0 0 rg BT 69.11 171.80 Td (the ) Tj ET Q q 0 0 0 rg BT 83.16 171.80 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 103.88 171.80 Td (Mae ) Tj ET Q q 0 0 0 rg BT 123.49 171.80 Td (Network.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.98 171.80 Td ( ) Tj ET Q q 0 0 0 rg BT 162.82 171.80 Td (Our ) Tj ET Q q 0 0 0 rg BT 180.21 171.80 Td (software ) Tj ET Q q 0 0 0 rg BT 216.48 171.80 Td (also ) Tj ET Q q 0 0 0 rg BT 234.42 171.80 Td (enables ) Tj ET Q q 0 0 0 rg BT 266.25 171.80 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 318.05 171.80 Td (of ) Tj ET Q q 0 0 0 rg BT 328.22 171.80 Td (rules ) Tj ET Q q 0 0 0 rg BT 349.50 171.80 Td (and ) Tj ET Q q 0 0 0 rg BT 365.78 171.80 Td (business ) Tj ET Q q 0 0 0 rg BT 401.51 171.80 Td (practices ) Tj ET Q q 0 0 0 rg BT 438.88 171.80 Td (designed ) Tj ET Q q 0 0 0 rg BT 476.26 171.80 Td (to ) Tj ET Q q 0 0 0 rg BT 485.88 171.80 Td (ensure ) Tj ET Q q 0 0 0 rg BT 513.82 171.80 Td (loan ) Tj ET Q q 0 0 0 rg BT 532.87 171.80 Td (quality) Tj ET Q q 0 0 0 rg BT 560.00 171.80 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 159.80 Td (adherence ) Tj ET Q q 0 0 0 rg BT 92.52 159.80 Td (to ) Tj ET Q q 0 0 0 rg BT 102.80 159.80 Td (processing ) Tj ET Q q 0 0 0 rg BT 148.07 159.80 Td (standards ) Tj ET Q q 0 0 0 rg BT 188.34 159.80 Td (and ) Tj ET Q q 0 0 0 rg BT 205.28 159.80 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 248.87 159.80 Td (compliance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 143.40 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 143.40 Td (e ) Tj ET Q q 0 0 0 rg BT 87.63 143.40 Td (also ) Tj ET Q q 0 0 0 rg BT 105.78 143.40 Td (of) Tj ET Q q 0 0 0 rg BT 113.93 143.40 Td (fer ) Tj ET Q q 0 0 0 rg BT 127.08 143.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 174.68 143.40 Td (users ) Tj ET Q q 0 0 0 rg BT 197.28 143.40 Td (a ) Tj ET Q q 0 0 0 rg BT 203.77 143.40 Td (variety ) Tj ET Q q 0 0 0 rg BT 233.58 143.40 Td (of ) Tj ET Q q 0 0 0 rg BT 243.96 143.40 Td (other ) Tj ET Q q 0 0 0 rg BT 266.56 143.40 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 313.59 143.40 Td (software ) Tj ET Q q 0 0 0 rg BT 350.07 143.40 Td (services, ) Tj ET Q q 0 0 0 rg BT 386.83 143.40 Td (including) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.60 143.40 Td (: ) Tj ET Q q 0 0 0 rg BT 429.43 143.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 477.03 143.40 Td (Docs ) Tj ET Q q 0 0 0 rg BT 499.63 143.40 Td (Solution, ) Tj ET Q q 0 0 0 rg BT 538.08 143.40 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 131.40 Td (automatically ) Tj ET Q q 0 0 0 rg BT 106.85 131.40 Td (prepares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.64 131.40 Td (the ) Tj ET Q q 0 0 0 rg BT 158.77 131.40 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 202.24 131.40 Td (and ) Tj ET Q q 0 0 0 rg BT 219.60 131.40 Td (closing ) Tj ET Q q 0 0 0 rg BT 251.41 131.40 Td (documents ) Tj ET Q q 0 0 0 rg BT 297.66 131.40 Td (necessary ) Tj ET Q q 0 0 0 rg BT 339.45 131.40 Td (to ) Tj ET Q q 0 0 0 rg BT 350.15 131.40 Td (fund ) Tj ET Q q 0 0 0 rg BT 371.40 131.40 Td (a ) Tj ET Q q 0 0 0 rg BT 378.77 131.40 Td (mortgage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.53 131.40 Td (; ) Tj ET Q q 0 0 0 rg BT 422.23 131.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 470.70 131.40 Td (CenterW) Tj ET Q q 0 0 0 rg BT 506.39 131.40 Td (ise, ) Tj ET Q q 0 0 0 rg BT 522.92 131.40 Td (a ) Tj ET Q q 0 0 0 rg BT 530.28 131.40 Td (bundled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 119.40 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 119.40 Td (fering ) Tj ET Q q 0 0 0 rg BT 83.35 119.40 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.50 119.40 Td (EDM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.73 119.40 Td ( ) Tj ET Q q 0 0 0 rg BT 117.55 119.40 Td (and ) Tj ET Q q 0 0 0 rg BT 133.81 119.40 Td (websites ) Tj ET Q q 0 0 0 rg BT 170.07 119.40 Td (used ) Tj ET Q q 0 0 0 rg BT 190.23 119.40 Td (for ) Tj ET Q q 0 0 0 rg BT 203.71 119.40 Td (customer ) Tj ET Q q 0 0 0 rg BT 242.19 119.40 Td (relationship ) Tj ET Q q 0 0 0 rg BT 291.23 119.40 Td (management; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.79 119.40 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.22 119.40 Td (, ) Tj ET Q q 0 0 0 rg BT 370.55 119.40 Td (which ) Tj ET Q q 0 0 0 rg BT 396.81 119.40 Td (of) Tj ET Q q 0 0 0 rg BT 404.96 119.40 Td (fers ) Tj ET Q q 0 0 0 rg BT 421.77 119.40 Td (a ) Tj ET Q q 0 0 0 rg BT 428.04 119.40 Td (suite ) Tj ET Q q 0 0 0 rg BT 448.75 119.40 Td (of ) Tj ET Q q 0 0 0 rg BT 458.90 119.40 Td (fraud ) Tj ET Q q 0 0 0 rg BT 481.82 119.40 Td (detection, ) Tj ET Q q 0 0 0 rg BT 522.80 119.40 Td (valuation, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 107.40 Td (validation ) Tj ET Q q 0 0 0 rg BT 92.19 107.40 Td (and ) Tj ET Q q 0 0 0 rg BT 109.33 107.40 Td (risk ) Tj ET Q q 0 0 0 rg BT 127.04 107.40 Td (analysis ) Tj ET Q q 0 0 0 rg BT 161.96 107.40 Td (services ) Tj ET Q q 0 0 0 rg BT 196.87 107.40 Td (using ) Tj ET Q q 0 0 0 rg BT 221.24 107.40 Td (streamlined ) Tj ET Q q 0 0 0 rg BT 270.59 107.40 Td (workflows ) Tj ET Q q 0 0 0 rg BT 316.07 107.40 Td (and ) Tj ET Q q 0 0 0 rg BT 333.21 107.40 Td (processing ) Tj ET Q q 0 0 0 rg BT 378.68 107.40 Td (rules; ) Tj ET Q q 0 0 0 rg BT 403.60 107.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 451.85 107.40 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 502.87 107.40 Td (Service, ) Tj ET Q q 0 0 0 rg BT 538.06 107.40 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 95.40 Td (automatically ) Tj ET Q q 0 0 0 rg BT 107.01 95.40 Td (checks ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.30 95.40 Td (for ) Tj ET Q q 0 0 0 rg BT 152.04 95.40 Td (compliance ) Tj ET Q q 0 0 0 rg BT 201.21 95.40 Td (with ) Tj ET Q q 0 0 0 rg BT 222.07 95.40 Td (federal, ) Tj ET Q q 0 0 0 rg BT 255.41 95.40 Td (state ) Tj ET Q q 0 0 0 rg BT 276.81 95.40 Td (and ) Tj ET Q q 0 0 0 rg BT 294.34 95.40 Td (local ) Tj ET Q q 0 0 0 rg BT 316.85 95.40 Td (regulations ) Tj ET Q q 0 0 0 rg BT 364.37 95.40 Td (throughout ) Tj ET Q q 0 0 0 rg BT 411.34 95.40 Td (the ) Tj ET Q q 0 0 0 rg BT 426.64 95.40 Td (origination ) Tj ET Q q 0 0 0 rg BT 473.60 95.40 Td (process) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.59 95.40 Td (; ) Tj ET Q q 0 0 0 rg BT 509.45 95.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 524.75 95.40 Td (transcript ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 83.40 Td (services ) Tj ET Q q 0 0 0 rg BT 84.60 83.40 Td (which ) Tj ET Q q 0 0 0 rg BT 111.93 83.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 145.38 83.40 Td (income ) Tj ET Q q 0 0 0 rg BT 177.70 83.40 Td (verification ) Tj ET Q q 0 0 0 rg BT 226.69 83.40 Td (capability ) Tj ET Q q 0 0 0 rg BT 269.01 83.40 Td (to ) Tj ET Q q 0 0 0 rg BT 279.68 83.40 Td (our ) Tj ET Q q 0 0 0 rg BT 295.91 83.40 Td (customers; ) Tj ET Q q 0 0 0 rg BT 342.13 83.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 390.57 83.40 Td (Product ) Tj ET Q q 0 0 0 rg BT 424.57 83.40 Td (and ) Tj ET Q q 0 0 0 rg BT 441.91 83.40 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 473.69 83.40 Td (Service, ) Tj ET Q q 0 0 0 rg BT 509.07 83.40 Td (which ) Tj ET Q q 0 0 0 rg BT 536.40 83.40 Td (allows ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 71.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 96.69 71.40 Td (users ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.89 71.40 Td (to ) Tj ET Q q 0 0 0 rg BT 128.31 71.40 Td (compare ) Tj ET Q q 0 0 0 rg BT 164.38 71.40 Td (loans ) Tj ET Q q 0 0 0 rg BT 187.14 71.40 Td (of) Tj ET Q q 0 0 0 rg BT 195.29 71.40 Td (fered ) Tj ET Q q 0 0 0 rg BT 217.47 71.40 Td (by ) Tj ET Q q 0 0 0 rg BT 229.11 71.40 Td (dif) Tj ET Q q 0 0 0 rg BT 240.04 71.40 Td (ferent ) Tj ET Q q 0 0 0 rg BT 265.00 71.40 Td (lenders ) Tj ET Q q 0 0 0 rg BT 295.53 71.40 Td (and ) Tj ET Q q 0 0 0 rg BT 311.61 71.40 Td (investors ) Tj ET Q q 0 0 0 rg BT 349.36 71.40 Td (to ) Tj ET Q q 0 0 0 rg BT 358.79 71.40 Td (determine ) Tj ET Q q 0 0 0 rg BT 400.41 71.40 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 447.59 71.40 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 487.00 71.40 Td (programs ) Tj ET Q q 0 0 0 rg BT 526.41 71.40 Td (available ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 59.40 Td (to ) Tj ET Q q 0 0 0 rg BT 58.66 59.40 Td (a ) Tj ET Q q 0 0 0 rg BT 64.48 59.40 Td (particular ) Tj ET Q q 0 0 0 rg BT 104.17 59.40 Td (borrower) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.82 59.40 Td ( ) Tj ET Q q 0 0 0 rg BT 142.20 59.40 Td (and ) Tj ET Q q 0 0 0 rg BT 158.01 59.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 204.94 59.40 Td (Flood ) Tj ET Q q 0 0 0 rg BT 229.66 59.40 Td (Service, ) Tj ET Q q 0 0 0 rg BT 263.52 59.40 Td (which ) Tj ET Q q 0 0 0 rg BT 289.34 59.40 Td (allows ) Tj ET Q q 0 0 0 rg BT 316.83 59.40 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 363.76 59.40 Td (users ) Tj ET Q q 0 0 0 rg BT 385.69 59.40 Td (to ) Tj ET Q q 0 0 0 rg BT 394.84 59.40 Td (order ) Tj ET Q q 0 0 0 rg BT 417.32 59.40 Td (and ) Tj ET Q q 0 0 0 rg BT 433.14 59.40 Td (transfer ) Tj ET Q q 0 0 0 rg BT 465.06 59.40 Td (flood ) Tj ET Q q 0 0 0 rg BT 487.54 59.40 Td (zone ) Tj ET Q q 0 0 0 rg BT 507.80 59.40 Td (certifications. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 47.40 Td (By ) Tj ET Q q 0 0 0 rg BT 64.15 47.40 Td (the ) Tj ET Q q 0 0 0 rg BT 79.35 47.40 Td (nature ) Tj ET Q q 0 0 0 rg BT 107.31 47.40 Td (of ) Tj ET Q q 0 0 0 rg BT 118.62 47.40 Td (our ) Tj ET Q q 0 0 0 rg BT 134.93 47.40 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 182.90 47.40 Td (service, ) Tj ET Q q 0 0 0 rg BT 216.69 47.40 Td (even ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.55 47.40 Td (with ) Tj ET Q q 0 0 0 rg BT 259.31 47.40 Td (our ) Tj ET Q q 0 0 0 rg BT 275.62 47.40 Td (robust ) Tj ET Q q 0 0 0 rg BT 303.60 47.40 Td (security ) Tj ET Q q 0 0 0 rg BT 338.23 47.40 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 385.66 47.40 Td (and ) Tj ET Q q 0 0 0 rg BT 403.08 47.40 Td (detection ) Tj ET Q q 0 0 0 rg BT 442.71 47.40 Td (systems, ) Tj ET Q q 0 0 0 rg BT 479.86 47.40 Td (we ) Tj ET Q q 0 0 0 rg BT 494.50 47.40 Td (cannotguarantee ) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.94 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 82.72 740.10 Td (security ) Tj ET Q q 0 0 0 rg BT 116.83 740.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 156.48 740.10 Td (will ) Tj ET Q q 0 0 0 rg BT 174.49 740.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 206.92 740.10 Td (security ) Tj ET Q q 0 0 0 rg BT 241.03 740.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 278.45 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.34 740.10 Td (we ) Tj ET Q q 0 0 0 rg BT 309.45 740.10 Td (may ) Tj ET Q q 0 0 0 rg BT 329.11 740.10 Td (need ) Tj ET Q q 0 0 0 rg BT 350.44 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.66 740.10 Td (expend ) Tj ET Q q 0 0 0 rg BT 391.99 740.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 436.65 740.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 476.86 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.09 740.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 517.30 740.10 Td (against ) Tj ET Q q 0 0 0 rg BT 548.07 740.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 81.99 728.10 Td (any ) Tj ET Q q 0 0 0 rg BT 98.92 728.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 136.41 728.10 Td (security ) Tj ET Q q 0 0 0 rg BT 170.57 728.10 Td (breaches ) Tj ET Q q 0 0 0 rg BT 208.04 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.98 728.10 Td (their ) Tj ET Q q 0 0 0 rg BT 245.81 728.10 Td (consequences.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 711.70 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.78 711.70 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 112.39 711.70 Td (Mae ) Tj ET Q q 0 0 0 rg BT 132.88 711.70 Td (Network ) Tj ET Q q 0 0 0 rg BT 170.60 711.70 Td (electronically ) Tj ET Q q 0 0 0 rg BT 227.74 711.70 Td (connects ) Tj ET Q q 0 0 0 rg BT 265.46 711.70 Td (the ) Tj ET Q q 0 0 0 rg BT 280.40 711.70 Td (approximately) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.16 711.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.89 711.70 Td (92,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.39 711.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.12 711.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 411.61 711.70 Td (professionals ) Tj ET Q q 0 0 0 rg BT 467.11 711.70 Td (using ) Tj ET Q q 0 0 0 rg BT 491.51 711.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 539.78 711.70 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 711.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 699.70 Td (broad ) Tj ET Q q 0 0 0 rg BT 74.79 699.70 Td (array ) Tj ET Q q 0 0 0 rg BT 97.85 699.70 Td (of ) Tj ET Q q 0 0 0 rg BT 108.71 699.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 148.99 699.70 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 182.89 699.70 Td (investors ) Tj ET Q q 0 0 0 rg BT 221.53 699.70 Td (and ) Tj ET Q q 0 0 0 rg BT 238.49 699.70 Td (third-party ) Tj ET Q q 0 0 0 rg BT 283.77 699.70 Td (service ) Tj ET Q q 0 0 0 rg BT 314.61 699.70 Td (providers ) Tj ET Q q 0 0 0 rg BT 354.91 699.70 Td (integral ) Tj ET Q q 0 0 0 rg BT 387.97 699.70 Td (to ) Tj ET Q q 0 0 0 rg BT 398.27 699.70 Td (the ) Tj ET Q q 0 0 0 rg BT 413.01 699.70 Td (origination ) Tj ET Q q 0 0 0 rg BT 459.42 699.70 Td (and ) Tj ET Q q 0 0 0 rg BT 476.38 699.70 Td (funding ) Tj ET Q q 0 0 0 rg BT 510.01 699.70 Td (of ) Tj ET Q q 0 0 0 rg BT 520.87 699.70 Td (residential ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 687.70 Td (mortgages.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.66 687.70 Td ( ) Tj ET Q q 0 0 0 rg BT 97.20 687.70 Td (During ) Tj ET Q q 0 0 0 rg BT 129.07 687.70 Td (the ) Tj ET Q q 0 0 0 rg BT 144.83 687.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 186.14 687.70 Td (origination ) Tj ET Q q 0 0 0 rg BT 233.56 687.70 Td (process, ) Tj ET Q q 0 0 0 rg BT 269.59 687.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 310.90 687.70 Td (originators ) Tj ET Q q 0 0 0 rg BT 357.77 687.70 Td (may ) Tj ET Q q 0 0 0 rg BT 378.53 687.70 Td (order ) Tj ET Q q 0 0 0 rg BT 403.17 687.70 Td (various ) Tj ET Q q 0 0 0 rg BT 436.15 687.70 Td (services ) Tj ET Q q 0 0 0 rg BT 471.90 687.70 Td (through ) Tj ET Q q 0 0 0 rg BT 506.55 687.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.31 687.70 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 544.73 687.70 Td (Mae ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 675.70 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.49 675.70 Td (, ) Tj ET Q q 0 0 0 rg BT 88.52 675.70 Td (including ) Tj ET Q q 0 0 0 rg BT 127.83 675.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 152.13 675.70 Td (reports, ) Tj ET Q q 0 0 0 rg BT 183.93 675.70 Td (product ) Tj ET Q q 0 0 0 rg BT 216.02 675.70 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 256.44 675.70 Td (and ) Tj ET Q q 0 0 0 rg BT 272.41 675.70 Td (pricing ) Tj ET Q q 0 0 0 rg BT 302.27 675.70 Td (services, ) Tj ET Q q 0 0 0 rg BT 338.51 675.70 Td (automated ) Tj ET Q q 0 0 0 rg BT 381.70 675.70 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 434.89 675.70 Td (services, ) Tj ET Q q 0 0 0 rg BT 471.13 675.70 Td (appraisals, ) Tj ET Q q 0 0 0 rg BT 515.15 675.70 Td (title ) Tj ET Q q 0 0 0 rg BT 532.24 675.70 Td (reports, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 663.70 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 93.17 663.70 Td (flood ) Tj ET Q q 0 0 0 rg BT 117.13 663.70 Td (certifications ) Tj ET Q q 0 0 0 rg BT 172.18 663.70 Td (and ) Tj ET Q q 0 0 0 rg BT 189.47 663.70 Td (flood ) Tj ET Q q 0 0 0 rg BT 213.43 663.70 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 257.10 663.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 306.04 663.70 Td (reviews, ) Tj ET Q q 0 0 0 rg BT 342.50 663.70 Td (fraud ) Tj ET Q q 0 0 0 rg BT 366.45 663.70 Td (detection, ) Tj ET Q q 0 0 0 rg BT 408.45 663.70 Td (document ) Tj ET Q q 0 0 0 rg BT 450.74 663.70 Td (preparation ) Tj ET Q q 0 0 0 rg BT 499.12 663.70 Td (and ) Tj ET Q q 0 0 0 rg BT 516.41 663.70 Td (verification ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 651.70 Td (of ) Tj ET Q q 0 0 0 rg BT 61.03 651.70 Td (income, ) Tj ET Q q 0 0 0 rg BT 96.16 651.70 Td (identity ) Tj ET Q q 0 0 0 rg BT 129.91 651.70 Td (and ) Tj ET Q q 0 0 0 rg BT 147.55 651.70 Td (employment. ) Tj ET Q q 0 0 0 rg BT 203.24 651.70 Td ( ) Tj ET Q q 0 0 0 rg BT 206.44 651.70 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 248.52 651.70 Td (originators ) Tj ET Q q 0 0 0 rg BT 295.04 651.70 Td (can ) Tj ET Q q 0 0 0 rg BT 312.12 651.70 Td (also ) Tj ET Q q 0 0 0 rg BT 331.43 651.70 Td (initiate ) Tj ET Q q 0 0 0 rg BT 362.40 651.70 Td (secure ) Tj ET Q q 0 0 0 rg BT 391.13 651.70 Td (data ) Tj ET Q q 0 0 0 rg BT 410.99 651.70 Td (transmission ) Tj ET Q q 0 0 0 rg BT 464.75 651.70 Td (to ) Tj ET Q q 0 0 0 rg BT 475.72 651.70 Td (and ) Tj ET Q q 0 0 0 rg BT 493.36 651.70 Td (from ) Tj ET Q q 0 0 0 rg BT 516.00 651.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 548.08 651.70 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 639.70 Td (investors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 623.30 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 623.30 Td (e ) Tj ET Q q 0 0 0 rg BT 88.59 623.30 Td (were ) Tj ET Q q 0 0 0 rg BT 111.04 623.30 Td (formed ) Tj ET Q q 0 0 0 rg BT 142.93 623.30 Td (as ) Tj ET Q q 0 0 0 rg BT 154.27 623.30 Td (a ) Tj ET Q q 0 0 0 rg BT 161.73 623.30 Td (California ) Tj ET Q q 0 0 0 rg BT 205.28 623.30 Td (corporation ) Tj ET Q q 0 0 0 rg BT 254.39 623.30 Td (in ) Tj ET Q q 0 0 0 rg BT 265.19 623.30 Td (1997 ) Tj ET Q q 0 0 0 rg BT 288.20 623.30 Td (and ) Tj ET Q q 0 0 0 rg BT 305.65 623.30 Td (reincorporated ) Tj ET Q q 0 0 0 rg BT 366.97 623.30 Td (in ) Tj ET Q q 0 0 0 rg BT 377.76 623.30 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 419.08 623.30 Td (in ) Tj ET Q q 0 0 0 rg BT 429.88 623.30 Td (November ) Tj ET Q q 0 0 0 rg BT 475.10 623.30 Td (2009. ) Tj ET Q q 0 0 0 rg BT 500.62 623.30 Td (From ) Tj ET Q q 0 0 0 rg BT 525.30 623.30 Td (inception ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 611.30 Td (through ) Tj ET Q q 0 0 0 rg BT 84.04 611.30 Td (2000, ) Tj ET Q q 0 0 0 rg BT 109.98 611.30 Td (we ) Tj ET Q q 0 0 0 rg BT 125.07 611.30 Td (developed ) Tj ET Q q 0 0 0 rg BT 169.60 611.30 Td (consumer) Tj ET Q q 0 0 0 rg BT 208.28 611.30 Td (-facing ) Tj ET Q q 0 0 0 rg BT 240.03 611.30 Td (websites ) Tj ET Q q 0 0 0 rg BT 277.90 611.30 Td (and ) Tj ET Q q 0 0 0 rg BT 295.78 611.30 Td (initial ) Tj ET Q q 0 0 0 rg BT 322.54 611.30 Td (versions ) Tj ET Q q 0 0 0 rg BT 359.31 611.30 Td (of ) Tj ET Q q 0 0 0 rg BT 371.07 611.30 Td (our ) Tj ET Q q 0 0 0 rg BT 387.84 611.30 Td (network. ) Tj ET Q q 0 0 0 rg BT 426.29 611.30 Td (W) Tj ET Q q 0 0 0 rg BT 434.93 611.30 Td (e ) Tj ET Q q 0 0 0 rg BT 442.80 611.30 Td (launched ) Tj ET Q q 0 0 0 rg BT 482.33 611.30 Td (our ) Tj ET Q q 0 0 0 rg BT 499.10 611.30 Td (first ) Tj ET Q q 0 0 0 rg BT 518.64 611.30 Td (transaction ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 599.30 Td (platform ) Tj ET Q q 0 0 0 rg BT 86.43 599.30 Td (in ) Tj ET Q q 0 0 0 rg BT 96.71 599.30 Td (late ) Tj ET Q q 0 0 0 rg BT 113.65 599.30 Td (2000, ) Tj ET Q q 0 0 0 rg BT 138.65 599.30 Td (the ) Tj ET Q q 0 0 0 rg BT 153.36 599.30 Td (present ) Tj ET Q q 0 0 0 rg BT 184.74 599.30 Td (version ) Tj ET Q q 0 0 0 rg BT 216.68 599.30 Td (of ) Tj ET Q q 0 0 0 rg BT 227.51 599.30 Td (which ) Tj ET Q q 0 0 0 rg BT 254.45 599.30 Td (is ) Tj ET Q q 0 0 0 rg BT 263.62 599.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.33 599.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 299.71 599.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 319.98 599.30 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.97 599.30 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 582.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.58 582.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 128.66 582.90 Td (consist ) Tj ET Q q 0 0 0 rg BT 158.97 582.90 Td (of ) Tj ET Q q 0 0 0 rg BT 169.83 582.90 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 217.35 582.90 Td (and ) Tj ET Q q 0 0 0 rg BT 234.32 582.90 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 281.84 582.90 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 322.41 582.90 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 372.15 582.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 410.22 582.90 Td (are ) Tj ET Q q 0 0 0 rg BT 424.96 582.90 Td (generated ) Tj ET Q q 0 0 0 rg BT 466.36 582.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 506.10 582.90 Td (from ) Tj ET Q q 0 0 0 rg BT 528.07 582.90 Td (software ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 570.90 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 104.53 570.90 Td (we ) Tj ET Q q 0 0 0 rg BT 118.45 570.90 Td (host ) Tj ET Q q 0 0 0 rg BT 137.37 570.90 Td (that ) Tj ET Q q 0 0 0 rg BT 154.62 570.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 197.42 570.90 Td (access ) Tj ET Q q 0 0 0 rg BT 225.22 570.90 Td (through ) Tj ET Q q 0 0 0 rg BT 258.58 570.90 Td (the ) Tj ET Q q 0 0 0 rg BT 273.05 570.90 Td (Internet, ) Tj ET Q q 0 0 0 rg BT 308.90 570.90 Td (including ) Tj ET Q q 0 0 0 rg BT 348.93 570.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 391.73 570.90 Td (who ) Tj ET Q q 0 0 0 rg BT 411.21 570.90 Td (pay ) Tj ET Q q 0 0 0 rg BT 427.90 570.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 446.25 570.90 Td (based ) Tj ET Q q 0 0 0 rg BT 471.28 570.90 Td (on ) Tj ET Q q 0 0 0 rg BT 483.53 570.90 Td (the ) Tj ET Q q 0 0 0 rg BT 498.00 570.90 Td (number ) Tj ET Q q 0 0 0 rg BT 530.81 570.90 Td (of ) Tj ET Q q 0 0 0 rg BT 541.39 570.90 Td (loans ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 558.90 Td (they ) Tj ET Q q 0 0 0 rg BT 69.22 558.90 Td (fund, ) Tj ET Q q 0 0 0 rg BT 92.56 558.90 Td (or ) Tj ET Q q 0 0 0 rg BT 103.39 558.90 Td (success ) Tj ET Q q 0 0 0 rg BT 135.89 558.90 Td (basis, ) Tj ET Q q 0 0 0 rg BT 160.89 558.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 191.72 558.90 Td (to ) Tj ET Q q 0 0 0 rg BT 202.00 558.90 Td (monthly ) Tj ET Q q 0 0 0 rg BT 237.84 558.90 Td (base ) Tj ET Q q 0 0 0 rg BT 258.12 558.90 Td (fees, ) Tj ET Q q 0 0 0 rg BT 279.22 558.90 Td (which ) Tj ET Q q 0 0 0 rg BT 306.17 558.90 Td (we ) Tj ET Q q 0 0 0 rg BT 320.33 558.90 Td (refer ) Tj ET Q q 0 0 0 rg BT 341.70 558.90 Td (to ) Tj ET Q q 0 0 0 rg BT 351.99 558.90 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.82 558.90 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 424.75 558.90 Td (Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.64 558.90 Td (. ) Tj ET Q q 0 0 0 rg BT 458.65 558.90 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 508.36 558.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 546.40 558.90 Td (also ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 546.90 Td (include ) Tj ET Q q 0 0 0 rg BT 82.16 546.90 Td (software ) Tj ET Q q 0 0 0 rg BT 119.81 546.90 Td (services ) Tj ET Q q 0 0 0 rg BT 155.23 546.90 Td (that ) Tj ET Q q 0 0 0 rg BT 173.45 546.90 Td (are ) Tj ET Q q 0 0 0 rg BT 188.88 546.90 Td (sold ) Tj ET Q q 0 0 0 rg BT 208.77 546.90 Td (transactionally ) Tj ET Q q 0 0 0 rg BT 270.86 546.90 Td (as ) Tj ET Q q 0 0 0 rg BT 282.41 546.90 Td (well ) Tj ET Q q 0 0 0 rg BT 302.85 546.90 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.40 546.90 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 336.51 546.90 Td (Mae ) Tj ET Q q 0 0 0 rg BT 357.50 546.90 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.49 546.90 Td ( ) Tj ET Q q 0 0 0 rg BT 395.71 546.90 Td (transaction ) Tj ET Q q 0 0 0 rg BT 442.80 546.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 462.12 546.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 482.56 546.90 Td (by ) Tj ET Q q 0 0 0 rg BT 495.78 546.90 Td (lender) Tj ET Q q 0 0 0 rg BT 520.57 546.90 Td (-investors, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 534.90 Td (service ) Tj ET Q q 0 0 0 rg BT 80.88 534.90 Td (providers ) Tj ET Q q 0 0 0 rg BT 121.71 534.90 Td (and ) Tj ET Q q 0 0 0 rg BT 139.22 534.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 169.49 534.90 Td (government-sponsored ) Tj ET Q q 0 0 0 rg BT 264.20 534.90 Td (entities ) Tj ET Q q 0 0 0 rg BT 296.14 534.90 Td (participating ) Tj ET Q q 0 0 0 rg BT 349.75 534.90 Td (on ) Tj ET Q q 0 0 0 rg BT 362.81 534.90 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.09 534.90 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 400.04 534.90 Td (Mae ) Tj ET Q q 0 0 0 rg BT 420.88 534.90 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.87 534.90 Td (. ) Tj ET Q q 0 0 0 rg BT 461.43 534.90 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 511.70 534.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 550.31 534.90 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 522.90 Td (generated ) Tj ET Q q 0 0 0 rg BT 90.33 522.90 Td (from ) Tj ET Q q 0 0 0 rg BT 111.74 522.90 Td (customer) Tj ET Q q 0 0 0 rg BT 148.19 522.90 Td (-hosted ) Tj ET Q q 0 0 0 rg BT 179.60 522.90 Td (software ) Tj ET Q q 0 0 0 rg BT 215.99 522.90 Td (licenses ) Tj ET Q q 0 0 0 rg BT 249.62 522.90 Td (and ) Tj ET Q q 0 0 0 rg BT 266.02 522.90 Td (implementations, ) Tj ET Q q 0 0 0 rg BT 337.15 522.90 Td (training ) Tj ET Q q 0 0 0 rg BT 370.22 522.90 Td (and ) Tj ET Q q 0 0 0 rg BT 386.62 522.90 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 439.12 522.90 Td (services. ) Tj ET Q q 0 0 0 rg BT 475.79 522.90 Td (For ) Tj ET Q q 0 0 0 rg BT 491.65 522.90 Td (further ) Tj ET Q q 0 0 0 rg BT 520.83 522.90 Td (discussion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 510.90 Td (of ) Tj ET Q q 0 0 0 rg BT 59.87 510.90 Td (the ) Tj ET Q q 0 0 0 rg BT 74.13 510.90 Td (sources ) Tj ET Q q 0 0 0 rg BT 106.16 510.90 Td (of ) Tj ET Q q 0 0 0 rg BT 116.54 510.90 Td (our ) Tj ET Q q 0 0 0 rg BT 131.91 510.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 165.60 510.90 Td (and ) Tj ET Q q 0 0 0 rg BT 182.08 510.90 Td (our ) Tj ET Q q 0 0 0 rg BT 197.45 510.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 231.14 510.90 Td (recognition ) Tj ET Q q 0 0 0 rg BT 278.72 510.90 Td (policy) Tj ET Q q 0 0 0 rg BT 303.07 510.90 Td (, ) Tj ET Q q 0 0 0 rg BT 307.61 510.90 Td (please ) Tj ET Q q 0 0 0 rg BT 334.64 510.90 Td (see ) Tj ET Q q 0 0 0 rg BT 349.45 510.90 Td (our ) Tj ET Q q 0 0 0 rg BT 364.82 510.90 Td (Critical ) Tj ET Q q 0 0 0 rg BT 396.40 510.90 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 445.10 510.90 Td (Policies ) Tj ET Q q 0 0 0 rg BT 478.81 510.90 Td (and ) Tj ET Q q 0 0 0 rg BT 495.29 510.90 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 536.22 510.90 Td (below) Tj ET Q q 0 0 0 rg BT 560.00 510.90 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 494.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.24 494.50 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 137.42 494.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 175.15 494.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 214.54 494.50 Td (track ) Tj ET Q q 0 0 0 rg BT 236.72 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 251.13 494.50 Td (seasonality ) Tj ET Q q 0 0 0 rg BT 297.75 494.50 Td (of ) Tj ET Q q 0 0 0 rg BT 308.27 494.50 Td (the ) Tj ET Q q 0 0 0 rg BT 322.68 494.50 Td (residential ) Tj ET Q q 0 0 0 rg BT 366.52 494.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 406.48 494.50 Td (industry) Tj ET Q q 0 0 0 rg BT 438.61 494.50 Td (, ) Tj ET Q q 0 0 0 rg BT 443.30 494.50 Td (typically) Tj ET Q q 0 0 0 rg BT 477.64 494.50 Td (, ) Tj ET Q q 0 0 0 rg BT 482.33 494.50 Td (but ) Tj ET Q q 0 0 0 rg BT 497.30 494.50 Td (not ) Tj ET Q q 0 0 0 rg BT 512.27 494.50 Td (always, ) Tj ET Q q 0 0 0 rg BT 544.73 494.50 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 482.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 90.42 482.50 Td (activity ) Tj ET Q q 0 0 0 rg BT 123.58 482.50 Td (in ) Tj ET Q q 0 0 0 rg BT 134.52 482.50 Td (the ) Tj ET Q q 0 0 0 rg BT 149.91 482.50 Td (second ) Tj ET Q q 0 0 0 rg BT 180.84 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 198.45 482.50 Td (third ) Tj ET Q q 0 0 0 rg BT 220.50 482.50 Td (quarters ) Tj ET Q q 0 0 0 rg BT 255.87 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 273.48 482.50 Td (reduced ) Tj ET Q q 0 0 0 rg BT 308.29 482.50 Td (activity ) Tj ET Q q 0 0 0 rg BT 341.45 482.50 Td (in ) Tj ET Q q 0 0 0 rg BT 352.39 482.50 Td (the ) Tj ET Q q 0 0 0 rg BT 367.77 482.50 Td (first ) Tj ET Q q 0 0 0 rg BT 387.05 482.50 Td (and ) Tj ET Q q 0 0 0 rg BT 404.65 482.50 Td (fourth ) Tj ET Q q 0 0 0 rg BT 432.26 482.50 Td (quarters ) Tj ET Q q 0 0 0 rg BT 467.63 482.50 Td (as ) Tj ET Q q 0 0 0 rg BT 479.13 482.50 Td (home ) Tj ET Q q 0 0 0 rg BT 504.51 482.50 Td (buyers ) Tj ET Q q 0 0 0 rg BT 534.34 482.50 Td (tend ) Tj ET Q q 0 0 0 rg BT 554.72 482.50 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 470.50 Td (purchase ) Tj ET Q q 0 0 0 rg BT 87.26 470.50 Td (their ) Tj ET Q q 0 0 0 rg BT 107.82 470.50 Td (homes ) Tj ET Q q 0 0 0 rg BT 136.15 470.50 Td (during ) Tj ET Q q 0 0 0 rg BT 164.49 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 178.93 470.50 Td (spring ) Tj ET Q q 0 0 0 rg BT 206.16 470.50 Td (and ) Tj ET Q q 0 0 0 rg BT 222.82 470.50 Td (summer ) Tj ET Q q 0 0 0 rg BT 257.26 470.50 Td (in ) Tj ET Q q 0 0 0 rg BT 267.27 470.50 Td (order ) Tj ET Q q 0 0 0 rg BT 290.59 470.50 Td (to ) Tj ET Q q 0 0 0 rg BT 300.60 470.50 Td (move ) Tj ET Q q 0 0 0 rg BT 325.04 470.50 Td (to ) Tj ET Q q 0 0 0 rg BT 335.05 470.50 Td (a ) Tj ET Q q 0 0 0 rg BT 341.71 470.50 Td (new ) Tj ET Q q 0 0 0 rg BT 360.60 470.50 Td (home ) Tj ET Q q 0 0 0 rg BT 385.04 470.50 Td (before ) Tj ET Q q 0 0 0 rg BT 412.81 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 427.25 470.50 Td (start ) Tj ET Q q 0 0 0 rg BT 446.69 470.50 Td (of ) Tj ET Q q 0 0 0 rg BT 457.25 470.50 Td (the ) Tj ET Q q 0 0 0 rg BT 471.69 470.50 Td (school ) Tj ET Q q 0 0 0 rg BT 500.03 470.50 Td (year) Tj ET Q q 0 0 0 rg BT 516.68 470.50 Td (. ) Tj ET Q q 0 0 0 rg BT 521.41 470.50 Td ( ) Tj ET Q q 0 0 0 rg BT 523.64 470.50 Td (Mortgage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 458.50 Td (volumes ) Tj ET Q q 0 0 0 rg BT 85.66 458.50 Td (are ) Tj ET Q q 0 0 0 rg BT 100.14 458.50 Td (also ) Tj ET Q q 0 0 0 rg BT 118.53 458.50 Td (impacted ) Tj ET Q q 0 0 0 rg BT 157.45 458.50 Td (by ) Tj ET Q q 0 0 0 rg BT 169.73 458.50 Td (other ) Tj ET Q q 0 0 0 rg BT 192.55 458.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 222.03 458.50 Td (such ) Tj ET Q q 0 0 0 rg BT 242.64 458.50 Td (as ) Tj ET Q q 0 0 0 rg BT 253.25 458.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 284.95 458.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 302.21 458.50 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 354.20 458.50 Td (home ) Tj ET Q q 0 0 0 rg BT 378.69 458.50 Td (sale ) Tj ET Q q 0 0 0 rg BT 396.52 458.50 Td (activity ) Tj ET Q q 0 0 0 rg BT 428.78 458.50 Td (and ) Tj ET Q q 0 0 0 rg BT 445.50 458.50 Td (general ) Tj ET Q q 0 0 0 rg BT 477.20 458.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 518.34 458.50 Td (conditions, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 446.50 Td (which ) Tj ET Q q 0 0 0 rg BT 76.24 446.50 Td (can ) Tj ET Q q 0 0 0 rg BT 92.42 446.50 Td (lead ) Tj ET Q q 0 0 0 rg BT 111.38 446.50 Td (to ) Tj ET Q q 0 0 0 rg BT 121.46 446.50 Td (departures ) Tj ET Q q 0 0 0 rg BT 165.41 446.50 Td (from ) Tj ET Q q 0 0 0 rg BT 187.16 446.50 Td (the ) Tj ET Q q 0 0 0 rg BT 201.68 446.50 Td (typical ) Tj ET Q q 0 0 0 rg BT 231.19 446.50 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 267.37 446.50 Td (pattern. ) Tj ET Q q 0 0 0 rg BT 299.94 446.50 Td (For ) Tj ET Q q 0 0 0 rg BT 316.13 446.50 Td (example, ) Tj ET Q q 0 0 0 rg BT 354.81 446.50 Td (increases ) Tj ET Q q 0 0 0 rg BT 393.76 446.50 Td (in ) Tj ET Q q 0 0 0 rg BT 403.84 446.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 443.91 446.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 475.65 446.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 496.83 446.50 Td (could ) Tj ET Q q 0 0 0 rg BT 521.35 446.50 Td (reduce ) Tj ET Q q 0 0 0 rg BT 550.30 446.50 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 434.50 Td (volume ) Tj ET Q q 0 0 0 rg BT 84.08 434.50 Td (of ) Tj ET Q q 0 0 0 rg BT 96.99 434.50 Td (new ) Tj ET Q q 0 0 0 rg BT 118.23 434.50 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 164.47 434.50 Td (originated ) Tj ET Q q 0 0 0 rg BT 209.59 434.50 Td (and, ) Tj ET Q q 0 0 0 rg BT 231.11 434.50 Td (in ) Tj ET Q q 0 0 0 rg BT 243.47 434.50 Td (particular) Tj ET Q q 0 0 0 rg BT 281.38 434.50 Td (, ) Tj ET Q q 0 0 0 rg BT 288.46 434.50 Td (the ) Tj ET Q q 0 0 0 rg BT 305.26 434.50 Td (volume ) Tj ET Q q 0 0 0 rg BT 339.84 434.50 Td (of ) Tj ET Q q 0 0 0 rg BT 352.75 434.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 395.09 434.50 Td (refinancings. ) Tj ET Q q 0 0 0 rg BT 451.27 434.50 Td (W) Tj ET Q q 0 0 0 rg BT 459.91 434.50 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.93 434.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 509.60 434.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 547.50 434.50 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 422.50 Td (approximately) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.26 422.50 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.90 422.50 Td (30%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.23 422.50 Td ( ) Tj ET Q q 0 0 0 rg BT 128.87 422.50 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.29 422.50 Td (40%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.62 422.50 Td ( ) Tj ET Q q 0 0 0 rg BT 158.27 422.50 Td (of ) Tj ET Q q 0 0 0 rg BT 168.24 422.50 Td (our ) Tj ET Q q 0 0 0 rg BT 183.21 422.50 Td (revenues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.39 422.50 Td (has ) Tj ET Q q 0 0 0 rg BT 235.36 422.50 Td (some ) Tj ET Q q 0 0 0 rg BT 258.11 422.50 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 300.87 422.50 Td (to ) Tj ET Q q 0 0 0 rg BT 310.29 422.50 Td (volume) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.28 422.50 Td (. ) Tj ET Q q 0 0 0 rg BT 344.42 422.50 Td (Contracted ) Tj ET Q q 0 0 0 rg BT 389.94 422.50 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 429.62 422.50 Td (which ) Tj ET Q q 0 0 0 rg BT 455.70 422.50 Td (are ) Tj ET Q q 0 0 0 rg BT 469.55 422.50 Td (not ) Tj ET Q q 0 0 0 rg BT 483.97 422.50 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 520.61 422.50 Td (to ) Tj ET Q q 0 0 0 rg BT 530.03 422.50 Td (volume, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 410.50 Td (represented ) Tj ET Q q 0 0 0 rg BT 98.08 410.50 Td (57% ) Tj ET Q q 0 0 0 rg BT 118.91 410.50 Td (of ) Tj ET Q q 0 0 0 rg BT 129.74 410.50 Td (total ) Tj ET Q q 0 0 0 rg BT 150.02 410.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 188.05 410.50 Td (for ) Tj ET Q q 0 0 0 rg BT 202.21 410.50 Td (the ) Tj ET Q q 0 0 0 rg BT 216.93 410.50 Td (year ) Tj ET Q q 0 0 0 rg BT 236.64 410.50 Td (ended ) Tj ET Q q 0 0 0 rg BT 263.02 410.50 Td (December ) Tj ET Q q 0 0 0 rg BT 306.60 410.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 321.60 410.50 Td (2013. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 394.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.69 394.10 Td (are ) Tj ET Q q 0 0 0 rg BT 102.00 394.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 140.78 394.10 Td (aggressively ) Tj ET Q q 0 0 0 rg BT 192.87 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.76 394.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 244.31 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 261.41 394.10 Td (we ) Tj ET Q q 0 0 0 rg BT 275.18 394.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 306.16 394.10 Td (will ) Tj ET Q q 0 0 0 rg BT 323.83 394.10 Td (help ) Tj ET Q q 0 0 0 rg BT 343.15 394.10 Td (us ) Tj ET Q q 0 0 0 rg BT 354.16 394.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 390.70 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.59 394.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 423.25 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 438.69 394.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 477.19 394.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 512.62 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 528.06 394.10 Td (products ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.82 382.10 Td (services ) Tj ET Q q 0 0 0 rg BT 99.91 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.22 382.10 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 159.76 382.10 Td (our ) Tj ET Q q 0 0 0 rg BT 174.97 382.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 224.06 382.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 266.47 382.10 Td (while ) Tj ET Q q 0 0 0 rg BT 290.56 382.10 Td (bringing ) Tj ET Q q 0 0 0 rg BT 326.33 382.10 Td (sustainable, ) Tj ET Q q 0 0 0 rg BT 375.14 382.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 416.46 382.10 Td (value ) Tj ET Q q 0 0 0 rg BT 439.99 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.65 382.10 Td (our ) Tj ET Q q 0 0 0 rg BT 464.86 382.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 509.79 382.10 Td (During ) Tj ET Q q 0 0 0 rg BT 540.00 382.10 Td (2013, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.93 370.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 113.65 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 130.74 370.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 182.28 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.83 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 210.92 370.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 234.13 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.33 370.10 Td (client ) Tj ET Q q 0 0 0 rg BT 278.31 370.10 Td (services ) Tj ET Q q 0 0 0 rg BT 314.28 370.10 Td (capabilities, ) Tj ET Q q 0 0 0 rg BT 366.08 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.63 370.10 Td (research ) Tj ET Q q 0 0 0 rg BT 414.70 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.90 370.10 Td (development ) Tj ET Q q 0 0 0 rg BT 488.32 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.52 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.07 370.10 Td (technology ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 105.84 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.10 358.10 Td (support ) Tj ET Q q 0 0 0 rg BT 148.58 358.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.39 358.10 Td (user ) Tj ET Q q 0 0 0 rg BT 183.53 358.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 222.68 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.60 358.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 269.84 358.10 Td (business ) Tj ET Q q 0 0 0 rg BT 306.21 358.10 Td (growth. ) Tj ET Q q 0 0 0 rg BT 339.35 358.10 Td (These ) Tj ET Q q 0 0 0 rg BT 365.70 358.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 415.96 358.10 Td (included ) Tj ET Q q 0 0 0 rg BT 452.87 358.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 497.01 358.10 Td (our ) Tj ET Q q 0 0 0 rg BT 512.82 358.10 Td (talent ) Tj ET Q q 0 0 0 rg BT 537.51 358.10 Td (across ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.90 346.10 Td (or) Tj ET Q q 0 0 0 rg BT 72.05 346.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 115.89 346.10 Td (by ) Tj ET Q q 0 0 0 rg BT 128.07 346.10 Td (hiring ) Tj ET Q q 0 0 0 rg BT 154.14 346.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 196.32 346.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 239.88 346.10 Td (especially ) Tj ET Q q 0 0 0 rg BT 282.05 346.10 Td (for ) Tj ET Q q 0 0 0 rg BT 295.89 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 311.41 346.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 350.25 346.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 398.81 346.10 Td (client ) Tj ET Q q 0 0 0 rg BT 423.21 346.10 Td (services ) Tj ET Q q 0 0 0 rg BT 457.60 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.23 346.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 539.18 346.10 Td (teams ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.29 334.10 Td (our ) Tj ET Q q 0 0 0 rg BT 79.98 334.10 Td (research ) Tj ET Q q 0 0 0 rg BT 114.64 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.44 334.10 Td (development ) Tj ET Q q 0 0 0 rg BT 183.45 334.10 Td (teams; ) Tj ET Q q 0 0 0 rg BT 210.91 334.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 256.70 334.10 Td (next-generation ) Tj ET Q q 0 0 0 rg BT 320.80 334.10 Td (products ) Tj ET Q q 0 0 0 rg BT 356.60 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.39 334.10 Td (enhancements; ) Tj ET Q q 0 0 0 rg BT 433.17 334.10 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 478.40 334.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 517.52 334.10 Td (equipment; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (upgrading ) Tj ET Q q 0 0 0 rg BT 92.55 322.10 Td (our ) Tj ET Q q 0 0 0 rg BT 108.38 322.10 Td (telephony ) Tj ET Q q 0 0 0 rg BT 150.31 322.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 184.48 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.42 322.10 Td (building ) Tj ET Q q 0 0 0 rg BT 237.25 322.10 Td (out ) Tj ET Q q 0 0 0 rg BT 252.53 322.10 Td (new ) Tj ET Q q 0 0 0 rg BT 271.69 322.10 Td (of) Tj ET Q q 0 0 0 rg BT 279.84 322.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 297.33 322.10 Td (facilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 305.70 Td (In ) Tj ET Q q 0 0 0 rg BT 83.33 305.70 Td (addition ) Tj ET Q q 0 0 0 rg BT 118.60 305.70 Td (to ) Tj ET Q q 0 0 0 rg BT 128.88 305.70 Td (our ) Tj ET Q q 0 0 0 rg BT 144.71 305.70 Td (internal ) Tj ET Q q 0 0 0 rg BT 177.75 305.70 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 222.19 305.70 Td (our ) Tj ET Q q 0 0 0 rg BT 238.02 305.70 Td (business ) Tj ET Q q 0 0 0 rg BT 274.41 305.70 Td (strategy ) Tj ET Q q 0 0 0 rg BT 308.57 305.70 Td (has ) Tj ET Q q 0 0 0 rg BT 324.40 305.70 Td (evolved ) Tj ET Q q 0 0 0 rg BT 358.55 305.70 Td (to ) Tj ET Q q 0 0 0 rg BT 368.83 305.70 Td (address ) Tj ET Q q 0 0 0 rg BT 401.32 305.70 Td (recent ) Tj ET Q q 0 0 0 rg BT 428.25 305.70 Td (industry ) Tj ET Q q 0 0 0 rg BT 463.53 305.70 Td (trends, ) Tj ET Q q 0 0 0 rg BT 492.96 305.70 Td (including:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 288.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 288.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 143.58 288.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 168.85 288.70 Td (lending ) Tj ET Q q 0 0 0 rg BT 201.35 288.70 Td (volume;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 271.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 271.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 145.80 271.70 Td (quality ) Tj ET Q q 0 0 0 rg BT 176.08 271.70 Td (standards ) Tj ET Q q 0 0 0 rg BT 216.35 271.70 Td (imposed ) Tj ET Q q 0 0 0 rg BT 252.73 271.70 Td (by ) Tj ET Q q 0 0 0 rg BT 265.23 271.70 Td (regulators, ) Tj ET Q q 0 0 0 rg BT 310.22 271.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 341.59 271.70 Td (and ) Tj ET Q q 0 0 0 rg BT 358.53 271.70 Td (investors;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 254.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 254.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 145.80 254.70 Td (regulation ) Tj ET Q q 0 0 0 rg BT 188.85 254.70 Td (af) Tj ET Q q 0 0 0 rg BT 196.43 254.70 Td (fecting ) Tj ET Q q 0 0 0 rg BT 226.70 254.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 258.07 254.70 Td (and ) Tj ET Q q 0 0 0 rg BT 275.01 254.70 Td (investors;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 237.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 237.70 Td (greater ) Tj ET Q q 0 0 0 rg BT 135.80 237.70 Td (focus ) Tj ET Q q 0 0 0 rg BT 159.96 237.70 Td (by ) Tj ET Q q 0 0 0 rg BT 172.46 237.70 Td (our ) Tj ET Q q 0 0 0 rg BT 188.29 237.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 231.34 237.70 Td (on ) Tj ET Q q 0 0 0 rg BT 243.84 237.70 Td (operational ) Tj ET Q q 0 0 0 rg BT 291.32 237.70 Td (ef) Tj ET Q q 0 0 0 rg BT 298.91 237.70 Td (ficiencies; ) Tj ET Q q 0 0 0 rg BT 342.50 237.70 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.55 220.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.55 220.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 148.60 220.70 Td (adopting ) Tj ET Q q 0 0 0 rg BT 186.09 220.70 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 244.13 220.70 Td (strategies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 204.30 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 204.30 Td (e ) Tj ET Q q 0 0 0 rg BT 88.08 204.30 Td (are ) Tj ET Q q 0 0 0 rg BT 102.78 204.30 Td (responding ) Tj ET Q q 0 0 0 rg BT 149.72 204.30 Td (to ) Tj ET Q q 0 0 0 rg BT 160.00 204.30 Td (these ) Tj ET Q q 0 0 0 rg BT 183.05 204.30 Td (trends ) Tj ET Q q 0 0 0 rg BT 209.99 204.30 Td (as ) Tj ET Q q 0 0 0 rg BT 220.82 204.30 Td (follows:) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 184.30 Td (Expected ) Tj ET Q q 0 0 0 rg BT 112.92 184.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 138.47 184.30 Td (lending ) Tj ET Q q 0 0 0 rg BT 171.24 184.30 Td (volume.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.62 184.30 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 246.77 184.30 Td (lending ) Tj ET Q q 0 0 0 rg BT 279.54 184.30 Td (volume ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.31 184.30 Td (is ) Tj ET Q q 0 0 0 rg BT 321.76 184.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 360.07 184.30 Td (to ) Tj ET Q q 0 0 0 rg BT 370.62 184.30 Td (be ) Tj ET Q q 0 0 0 rg BT 382.84 184.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 408.38 184.30 Td (in ) Tj ET Q q 0 0 0 rg BT 418.93 184.30 Td (2014 ) Tj ET Q q 0 0 0 rg BT 441.71 184.30 Td (than ) Tj ET Q q 0 0 0 rg BT 461.70 184.30 Td (in ) Tj ET Q q 0 0 0 rg BT 472.26 184.30 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.26 184.30 Td (, ) Tj ET Q q 0 0 0 rg BT 497.53 184.30 Td (as ) Tj ET Q q 0 0 0 rg BT 508.64 184.30 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 552.50 184.30 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 172.30 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 78.57 172.30 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 100.68 172.30 Td (Freddie ) Tj ET Q q 0 0 0 rg BT 133.08 172.30 Td (Mac ) Tj ET Q q 0 0 0 rg BT 152.70 172.30 Td (and ) Tj ET Q q 0 0 0 rg BT 168.99 172.30 Td (the ) Tj ET Q q 0 0 0 rg BT 183.05 172.30 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 223.78 172.30 Td (Bankers ) Tj ET Q q 0 0 0 rg BT 257.99 172.30 Td (Association. ) Tj ET Q q 0 0 0 rg BT 309.56 172.30 Td (Since ) Tj ET Q q 0 0 0 rg BT 333.62 172.30 Td (late ) Tj ET Q q 0 0 0 rg BT 349.91 172.30 Td (2009, ) Tj ET Q q 0 0 0 rg BT 374.26 172.30 Td (we ) Tj ET Q q 0 0 0 rg BT 387.77 172.30 Td (have ) Tj ET Q q 0 0 0 rg BT 408.49 172.30 Td (focused ) Tj ET Q q 0 0 0 rg BT 441.44 172.30 Td (our ) Tj ET Q q 0 0 0 rg BT 456.62 172.30 Td (marketing ) Tj ET Q q 0 0 0 rg BT 499.01 172.30 Td (and ) Tj ET Q q 0 0 0 rg BT 515.30 172.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 536.59 172.30 Td (ef) Tj ET Q q 0 0 0 rg BT 544.18 172.30 Td (forts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 160.30 Td (on ) Tj ET Q q 0 0 0 rg BT 62.14 160.30 Td (our ) Tj ET Q q 0 0 0 rg BT 78.10 160.30 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 125.73 160.30 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 148.36 160.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 196.55 160.30 Td (of) Tj ET Q q 0 0 0 rg BT 204.70 160.30 Td (fering, ) Tj ET Q q 0 0 0 rg BT 233.71 160.30 Td (and ) Tj ET Q q 0 0 0 rg BT 250.78 160.30 Td (particularly ) Tj ET Q q 0 0 0 rg BT 299.51 160.30 Td (our ) Tj ET Q q 0 0 0 rg BT 315.48 160.30 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 338.11 160.30 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.30 160.30 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 448.36 160.30 Td (Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.25 160.30 Td ( ) Tj ET Q q 0 0 0 rg BT 479.89 160.30 Td (model, ) Tj ET Q q 0 0 0 rg BT 510.02 160.30 Td (in ) Tj ET Q q 0 0 0 rg BT 520.43 160.30 Td (contrast ) Tj ET Q q 0 0 0 rg BT 554.72 160.30 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 148.30 Td (our ) Tj ET Q q 0 0 0 rg BT 65.84 148.30 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 113.83 148.30 Td (license ) Tj ET Q q 0 0 0 rg BT 144.60 148.30 Td (model. ) Tj ET Q q 0 0 0 rg BT 175.10 148.30 Td (In ) Tj ET Q q 0 0 0 rg BT 186.43 148.30 Td (our ) Tj ET Q q 0 0 0 rg BT 202.77 148.30 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 250.76 148.30 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 273.76 148.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 322.31 148.30 Td (of) Tj ET Q q 0 0 0 rg BT 330.46 148.30 Td (fering, ) Tj ET Q q 0 0 0 rg BT 359.85 148.30 Td (the ) Tj ET Q q 0 0 0 rg BT 375.07 148.30 Td (customer ) Tj ET Q q 0 0 0 rg BT 414.73 148.30 Td (does ) Tj ET Q q 0 0 0 rg BT 436.06 148.30 Td (not ) Tj ET Q q 0 0 0 rg BT 451.85 148.30 Td (pay ) Tj ET Q q 0 0 0 rg BT 469.29 148.30 Td (the ) Tj ET Q q 0 0 0 rg BT 484.51 148.30 Td (significant ) Tj ET Q q 0 0 0 rg BT 529.73 148.30 Td (up-front ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 136.30 Td (licensing ) Tj ET Q q 0 0 0 rg BT 87.80 136.30 Td (fee ) Tj ET Q q 0 0 0 rg BT 102.21 136.30 Td (associated ) Tj ET Q q 0 0 0 rg BT 145.51 136.30 Td (with ) Tj ET Q q 0 0 0 rg BT 165.49 136.30 Td (our ) Tj ET Q q 0 0 0 rg BT 181.02 136.30 Td (license ) Tj ET Q q 0 0 0 rg BT 210.98 136.30 Td (model, ) Tj ET Q q 0 0 0 rg BT 240.68 136.30 Td (which ) Tj ET Q q 0 0 0 rg BT 267.32 136.30 Td (we ) Tj ET Q q 0 0 0 rg BT 281.18 136.30 Td (believe ) Tj ET Q q 0 0 0 rg BT 312.25 136.30 Td (is ) Tj ET Q q 0 0 0 rg BT 321.13 136.30 Td (particularly ) Tj ET Q q 0 0 0 rg BT 369.42 136.30 Td (attractive ) Tj ET Q q 0 0 0 rg BT 408.81 136.30 Td (in ) Tj ET Q q 0 0 0 rg BT 418.79 136.30 Td (the ) Tj ET Q q 0 0 0 rg BT 433.21 136.30 Td (present ) Tj ET Q q 0 0 0 rg BT 464.29 136.30 Td (climate ) Tj ET Q q 0 0 0 rg BT 495.92 136.30 Td (of ) Tj ET Q q 0 0 0 rg BT 506.45 136.30 Td (the ) Tj ET Q q 0 0 0 rg BT 520.87 136.30 Td (residential ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 124.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 90.45 124.30 Td (origination ) Tj ET Q q 0 0 0 rg BT 137.52 124.30 Td (market. ) Tj ET Q q 0 0 0 rg BT 170.97 124.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 189.71 124.30 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 212.90 124.30 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.63 124.30 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 324.25 124.30 Td (Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.14 124.30 Td ( ) Tj ET Q q 0 0 0 rg BT 356.32 124.30 Td (model ) Tj ET Q q 0 0 0 rg BT 384.51 124.30 Td (builds ) Tj ET Q q 0 0 0 rg BT 412.14 124.30 Td (on ) Tj ET Q q 0 0 0 rg BT 425.33 124.30 Td (this ) Tj ET Q q 0 0 0 rg BT 442.96 124.30 Td (value ) Tj ET Q q 0 0 0 rg BT 467.81 124.30 Td (proposition ) Tj ET Q q 0 0 0 rg BT 516.55 124.30 Td (by ) Tj ET Q q 0 0 0 rg BT 529.74 124.30 Td (aligning ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 112.30 Td (customers) Tj ET Q q 0 0 0 rg BT 92.63 112.30 Td ( ) Tj ET Q q 0 0 0 rg BT 95.25 112.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 136.19 112.30 Td (for ) Tj ET Q q 0 0 0 rg BT 150.47 112.30 Td (our ) Tj ET Q q 0 0 0 rg BT 166.42 112.30 Td (software ) Tj ET Q q 0 0 0 rg BT 203.46 112.30 Td (solutions ) Tj ET Q q 0 0 0 rg BT 242.20 112.30 Td (with ) Tj ET Q q 0 0 0 rg BT 262.60 112.30 Td (their ) Tj ET Q q 0 0 0 rg BT 283.54 112.30 Td (own ) Tj ET Q q 0 0 0 rg BT 303.38 112.30 Td (receipts ) Tj ET Q q 0 0 0 rg BT 337.09 112.30 Td (of ) Tj ET Q q 0 0 0 rg BT 348.04 112.30 Td (revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.57 112.30 Td (. ) Tj ET Q q 0 0 0 rg BT 388.69 112.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 406.86 112.30 Td (focus ) Tj ET Q q 0 0 0 rg BT 431.14 112.30 Td (on ) Tj ET Q q 0 0 0 rg BT 443.75 112.30 Td (our ) Tj ET Q q 0 0 0 rg BT 459.70 112.30 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 482.32 112.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 530.48 112.30 Td (of) Tj ET Q q 0 0 0 rg BT 538.63 112.30 Td (fering ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 100.30 Td (is ) Tj ET Q q 0 0 0 rg BT 59.06 100.30 Td (important ) Tj ET Q q 0 0 0 rg BT 100.84 100.30 Td (in ) Tj ET Q q 0 0 0 rg BT 111.51 100.30 Td (light ) Tj ET Q q 0 0 0 rg BT 132.73 100.30 Td (of ) Tj ET Q q 0 0 0 rg BT 143.96 100.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 169.62 100.30 Td (lending ) Tj ET Q q 0 0 0 rg BT 202.50 100.30 Td (volumes ) Tj ET Q q 0 0 0 rg BT 239.28 100.30 Td (because ) Tj ET Q q 0 0 0 rg BT 273.82 100.30 Td (we ) Tj ET Q q 0 0 0 rg BT 288.37 100.30 Td (typically ) Tj ET Q q 0 0 0 rg BT 326.25 100.30 Td (generate ) Tj ET Q q 0 0 0 rg BT 363.01 100.30 Td (greater ) Tj ET Q q 0 0 0 rg BT 393.65 100.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 432.08 100.30 Td (per ) Tj ET Q q 0 0 0 rg BT 447.74 100.30 Td (user ) Tj ET Q q 0 0 0 rg BT 467.30 100.30 Td (through ) Tj ET Q q 0 0 0 rg BT 501.30 100.30 Td (our ) Tj ET Q q 0 0 0 rg BT 517.52 100.30 Td (on-demand ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 88.30 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 72.00 88.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 120.05 88.30 Td (of) Tj ET Q q 0 0 0 rg BT 128.20 88.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 154.57 88.30 Td (than ) Tj ET Q q 0 0 0 rg BT 174.29 88.30 Td (through ) Tj ET Q q 0 0 0 rg BT 207.90 88.30 Td (our ) Tj ET Q q 0 0 0 rg BT 223.73 88.30 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 271.21 88.30 Td (license ) Tj ET Q q 0 0 0 rg BT 301.48 88.30 Td (of) Tj ET Q q 0 0 0 rg BT 309.63 88.30 Td (fering.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 71.90 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 71.90 Td (e ) Tj ET Q q 0 0 0 rg BT 88.25 71.90 Td (are ) Tj ET Q q 0 0 0 rg BT 103.14 71.90 Td (also ) Tj ET Q q 0 0 0 rg BT 121.93 71.90 Td (focusing ) Tj ET Q q 0 0 0 rg BT 159.04 71.90 Td (on ) Tj ET Q q 0 0 0 rg BT 171.72 71.90 Td (increasing ) Tj ET Q q 0 0 0 rg BT 215.49 71.90 Td (use ) Tj ET Q q 0 0 0 rg BT 231.50 71.90 Td (of ) Tj ET Q q 0 0 0 rg BT 242.51 71.90 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.52 71.90 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 280.08 71.90 Td (Mae ) Tj ET Q q 0 0 0 rg BT 300.52 71.90 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.52 71.90 Td ( ) Tj ET Q q 0 0 0 rg BT 338.19 71.90 Td (of) Tj ET Q q 0 0 0 rg BT 346.34 71.90 Td (ferings ) Tj ET Q q 0 0 0 rg BT 376.79 71.90 Td (and ) Tj ET Q q 0 0 0 rg BT 393.91 71.90 Td (our ) Tj ET Q q 0 0 0 rg BT 409.91 71.90 Td (other ) Tj ET Q q 0 0 0 rg BT 433.14 71.90 Td (services, ) Tj ET Q q 0 0 0 rg BT 470.52 71.90 Td (which ) Tj ET Q q 0 0 0 rg BT 497.64 71.90 Td (were ) Tj ET Q q 0 0 0 rg BT 519.75 71.90 Td (introduced ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 59.90 Td (from ) Tj ET Q q 0 0 0 rg BT 70.86 59.90 Td (late ) Tj ET Q q 0 0 0 rg BT 87.21 59.90 Td (2009 ) Tj ET Q q 0 0 0 rg BT 109.13 59.90 Td (through ) Tj ET Q q 0 0 0 rg BT 142.16 59.90 Td (late ) Tj ET Q q 0 0 0 rg BT 158.52 59.90 Td (201) Tj ET Q q 0 0 0 rg BT 173.15 59.90 Td (1. ) Tj ET Q q 0 0 0 rg BT 182.43 59.90 Td (These ) Tj ET Q q 0 0 0 rg BT 208.22 59.90 Td (of) Tj ET Q q 0 0 0 rg BT 216.37 59.90 Td (ferings ) Tj ET Q q 0 0 0 rg BT 246.06 59.90 Td (include ) Tj ET Q q 0 0 0 rg BT 277.42 59.90 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.53 59.90 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.59 59.90 Td ( ) Tj ET Q q 0 0 0 rg BT 313.52 59.90 Td (program, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.81 59.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 399.28 59.90 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 449.52 59.90 Td (Service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.51 59.90 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.93 59.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 531.39 59.90 Td (Product ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 47.90 Td (and ) Tj ET Q q 0 0 0 rg BT 65.42 47.90 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 95.78 47.90 Td (Service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.77 47.90 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.75 47.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 176.77 47.90 Td (Docs ) Tj ET Q q 0 0 0 rg BT 198.80 47.90 Td (Solution) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.70 47.90 Td ( ) Tj ET Q q 0 0 0 rg BT 234.18 47.90 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.09 47.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 297.12 47.90 Td (4506-T) Tj ET Q q 0 0 0 rg BT 326.38 47.90 Td ( ) Tj ET Q q 0 0 0 rg BT 327.86 47.90 Td (Service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.84 47.90 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.82 47.90 Td (During) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 47.90 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.65 47.90 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.65 47.90 Td ( ) Tj ET Q q 0 0 0 rg BT 414.13 47.90 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.04 47.90 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.04 47.90 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.02 47.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 501.05 47.90 Td (users ) Tj ET Q q 0 0 0 rg BT 523.08 47.90 Td (employed ) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 29.10 Td (29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.08 740.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 85.33 740.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 105.46 740.10 Td (Network ) Tj ET Q q 0 0 0 rg BT 142.82 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.96 740.10 Td (process ) Tj ET Q q 0 0 0 rg BT 185.31 740.10 Td (on ) Tj ET Q q 0 0 0 rg BT 197.68 740.10 Td (average ) Tj ET Q q 0 0 0 rg BT 231.13 740.10 Td (approximately) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.89 740.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.25 740.10 Td (six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.92 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.29 740.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.09 740.10 Td (five) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.64 740.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.00 740.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 390.13 740.10 Td (per ) Tj ET Q q 0 0 0 rg BT 405.26 740.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 424.84 740.10 Td (file, ) Tj ET Q q 0 0 0 rg BT 443.03 740.10 Td (respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.70 740.10 Td (. ) Tj ET Q q 0 0 0 rg BT 495.56 740.10 Td (By ) Tj ET Q q 0 0 0 rg BT 509.59 740.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 554.73 740.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 84.48 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.04 728.10 Td (service ) Tj ET Q q 0 0 0 rg BT 130.58 728.10 Td (of) Tj ET Q q 0 0 0 rg BT 138.73 728.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 168.72 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.38 728.10 Td (encouraging ) Tj ET Q q 0 0 0 rg BT 237.03 728.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 277.03 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.58 728.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 330.91 728.10 Td (services ) Tj ET Q q 0 0 0 rg BT 365.34 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.34 728.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 405.33 728.10 Td (their ) Tj ET Q q 0 0 0 rg BT 425.88 728.10 Td (services ) Tj ET Q q 0 0 0 rg BT 460.32 728.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 516.96 728.10 Td (through ) Tj ET Q q 0 0 0 rg BT 550.29 728.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 70.23 716.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 89.85 716.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.84 716.10 Td (, ) Tj ET Q q 0 0 0 rg BT 129.19 716.10 Td (we ) Tj ET Q q 0 0 0 rg BT 142.69 716.10 Td (will ) Tj ET Q q 0 0 0 rg BT 160.10 716.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 196.38 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.01 716.10 Td (build ) Tj ET Q q 0 0 0 rg BT 228.41 716.10 Td (value ) Tj ET Q q 0 0 0 rg BT 251.91 716.10 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.42 716.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 286.15 716.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 305.77 716.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.76 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.61 716.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 391.11 716.10 Td (while ) Tj ET Q q 0 0 0 rg BT 415.17 716.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 458.11 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.18 716.10 Td (number ) Tj ET Q q 0 0 0 rg BT 504.57 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.75 716.10 Td (transactions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 704.10 Td (which ) Tj ET Q q 0 0 0 rg BT 90.60 704.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.32 704.10 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 126.70 704.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 146.97 704.10 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.96 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.46 704.10 Td (is ) Tj ET Q q 0 0 0 rg BT 193.63 704.10 Td (used.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 684.10 Td (Incr) Tj ET Q q 0 0 0 rg BT 89.79 684.10 Td (eased ) Tj ET Q q 0 0 0 rg BT 114.18 684.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 143.57 684.10 Td (standar) Tj ET Q q 0 0 0 rg BT 173.76 684.10 Td (ds ) Tj ET Q q 0 0 0 rg BT 184.28 684.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 219.23 684.10 Td (by ) Tj ET Q q 0 0 0 rg BT 230.29 684.10 Td (r) Tj ET Q q 0 0 0 rg BT 233.81 684.10 Td (egulators, ) Tj ET Q q 0 0 0 rg BT 275.71 684.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 306.77 684.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.39 684.10 Td (investors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 684.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 411.66 684.10 Td (is ) Tj ET Q q 0 0 0 rg BT 419.96 684.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 457.12 684.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.52 684.10 Td (automate ) Tj ET Q q 0 0 0 rg BT 504.79 684.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.85 684.10 Td (streamline ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 672.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.84 672.10 Td (process ) Tj ET Q q 0 0 0 rg BT 95.96 672.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.41 672.10 Td (originating ) Tj ET Q q 0 0 0 rg BT 152.42 672.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 196.19 672.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 208.60 672.10 Td (among ) Tj ET Q q 0 0 0 rg BT 237.94 672.10 Td (other ) Tj ET Q q 0 0 0 rg BT 260.61 672.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 289.68 672.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 317.91 672.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 357.79 672.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 387.69 672.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 442.01 672.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.47 672.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 493.20 672.10 Td (Relevant ) Tj ET Q q 0 0 0 rg BT 530.87 672.10 Td (features ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 660.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.03 660.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 109.78 660.10 Td (include ) Tj ET Q q 0 0 0 rg BT 142.42 660.10 Td (enabling ) Tj ET Q q 0 0 0 rg BT 180.05 660.10 Td (customers) Tj ET Q q 0 0 0 rg BT 223.19 660.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.39 660.10 Td (management ) Tj ET Q q 0 0 0 rg BT 280.68 660.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.66 660.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 323.75 660.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 369.72 660.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 392.36 660.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.00 660.10 Td (formats, ) Tj ET Q q 0 0 0 rg BT 446.25 660.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.89 660.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 505.98 660.10 Td (milestone ) Tj ET Q q 0 0 0 rg BT 548.06 660.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 648.10 Td (process ) Tj ET Q q 0 0 0 rg BT 82.00 648.10 Td (reminders, ) Tj ET Q q 0 0 0 rg BT 126.99 648.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 171.15 648.10 Td (population ) Tj ET Q q 0 0 0 rg BT 216.43 648.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.27 648.10 Td (forms ) Tj ET Q q 0 0 0 rg BT 253.10 648.10 Td (with ) Tj ET Q q 0 0 0 rg BT 273.39 648.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 309.20 648.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 330.86 648.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.81 648.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 383.61 648.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.56 648.10 Td (automated ) Tj ET Q q 0 0 0 rg BT 444.72 648.10 Td (transmission ) Tj ET Q q 0 0 0 rg BT 497.78 648.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.62 648.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 528.34 648.10 Td (files ) Tj ET Q q 0 0 0 rg BT 548.07 648.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 636.10 Td (data ) Tj ET Q q 0 0 0 rg BT 69.67 636.10 Td (from ) Tj ET Q q 0 0 0 rg BT 92.63 636.10 Td (originators ) Tj ET Q q 0 0 0 rg BT 139.47 636.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.77 636.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 190.40 636.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.35 636.10 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 243.25 636.10 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.06 636.10 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.13 636.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.65 636.10 Td (program ) Tj ET Q q 0 0 0 rg BT 322.04 636.10 Td (is ) Tj ET Q q 0 0 0 rg BT 332.23 636.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 371.30 636.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.59 636.10 Td (further ) Tj ET Q q 0 0 0 rg BT 413.32 636.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 449.59 636.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.32 636.10 Td (quality) Tj ET Q q 0 0 0 rg BT 492.45 636.10 Td (, ) Tj ET Q q 0 0 0 rg BT 498.47 636.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 548.07 636.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 624.10 Td (saleability ) Tj ET Q q 0 0 0 rg BT 92.90 624.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.54 624.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 126.96 624.10 Td (that ) Tj ET Q q 0 0 0 rg BT 144.26 624.10 Td (are ) Tj ET Q q 0 0 0 rg BT 158.77 624.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 201.62 624.10 Td (through ) Tj ET Q q 0 0 0 rg BT 235.03 624.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 284.88 624.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 334.78 624.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.42 624.10 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.49 624.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.79 624.10 Td (is ) Tj ET Q q 0 0 0 rg BT 369.77 624.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 406.51 624.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.59 624.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 445.54 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.07 624.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 515.15 624.10 Td (for ) Tj ET Q q 0 0 0 rg BT 529.11 624.10 Td (errors ) Tj ET Q q 0 0 0 rg BT 554.74 624.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.49 612.10 Td (process ) Tj ET Q q 0 0 0 rg BT 97.24 612.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.34 612.10 Td (transferring ) Tj ET Q q 0 0 0 rg BT 157.76 612.10 Td (information ) Tj ET Q q 0 0 0 rg BT 207.74 612.10 Td (from ) Tj ET Q q 0 0 0 rg BT 229.94 612.10 Td (originator ) Tj ET Q q 0 0 0 rg BT 272.15 612.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.69 612.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 317.68 612.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.89 612.10 Td (give ) Tj ET Q q 0 0 0 rg BT 354.87 612.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 393.75 612.10 Td (confidence ) Tj ET Q q 0 0 0 rg BT 440.38 612.10 Td (in ) Tj ET Q q 0 0 0 rg BT 450.93 612.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.91 612.10 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 504.20 612.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.41 612.10 Td (regulatory ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 600.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 98.09 600.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.92 600.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.64 600.10 Td (information ) Tj ET Q q 0 0 0 rg BT 173.35 600.10 Td (that ) Tj ET Q q 0 0 0 rg BT 190.84 600.10 Td (is ) Tj ET Q q 0 0 0 rg BT 200.01 600.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 245.84 600.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 265.55 600.10 Td (files.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 583.70 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.44 583.70 Td (response ) Tj ET Q q 0 0 0 rg BT 119.05 583.70 Td (to ) Tj ET Q q 0 0 0 rg BT 128.44 583.70 Td (the ) Tj ET Q q 0 0 0 rg BT 142.27 583.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 181.63 583.70 Td (quality ) Tj ET Q q 0 0 0 rg BT 211.02 583.70 Td (standards ) Tj ET Q q 0 0 0 rg BT 250.40 583.70 Td (and ) Tj ET Q q 0 0 0 rg BT 266.45 583.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 314.15 583.70 Td (mandates ) Tj ET Q q 0 0 0 rg BT 353.53 583.70 Td (af) Tj ET Q q 0 0 0 rg BT 361.12 583.70 Td (fecting ) Tj ET Q q 0 0 0 rg BT 390.49 583.70 Td (the ) Tj ET Q q 0 0 0 rg BT 404.32 583.70 Td (industry) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.45 583.70 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.57 583.70 Td (we ) Tj ET Q q 0 0 0 rg BT 453.84 583.70 Td (expect ) Tj ET Q q 0 0 0 rg BT 481.55 583.70 Td (an ) Tj ET Q q 0 0 0 rg BT 492.60 583.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 531.96 583.70 Td (number ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 571.70 Td (of ) Tj ET Q q 0 0 0 rg BT 60.22 571.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 100.37 571.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 131.64 571.70 Td (to ) Tj ET Q q 0 0 0 rg BT 141.81 571.70 Td (assess ) Tj ET Q q 0 0 0 rg BT 168.64 571.70 Td (new ) Tj ET Q q 0 0 0 rg BT 187.69 571.70 Td (platform ) Tj ET Q q 0 0 0 rg BT 224.51 571.70 Td (options ) Tj ET Q q 0 0 0 rg BT 256.35 571.70 Td (and ) Tj ET Q q 0 0 0 rg BT 273.18 571.70 Td (replace ) Tj ET Q q 0 0 0 rg BT 304.43 571.70 Td (their ) Tj ET Q q 0 0 0 rg BT 325.14 571.70 Td (legacy ) Tj ET Q q 0 0 0 rg BT 353.62 571.70 Td (systems) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.29 571.70 Td (. ) Tj ET Q q 0 0 0 rg BT 390.01 571.70 Td (W) Tj ET Q q 0 0 0 rg BT 398.65 571.70 Td (e ) Tj ET Q q 0 0 0 rg BT 405.48 571.70 Td (have ) Tj ET Q q 0 0 0 rg BT 426.74 571.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 466.88 571.70 Td (the ) Tj ET Q q 0 0 0 rg BT 481.49 571.70 Td (size ) Tj ET Q q 0 0 0 rg BT 499.43 571.70 Td (of ) Tj ET Q q 0 0 0 rg BT 510.15 571.70 Td (our ) Tj ET Q q 0 0 0 rg BT 525.87 571.70 Td (customer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 559.70 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 98.65 559.70 Td (implementation ) Tj ET Q q 0 0 0 rg BT 164.18 559.70 Td (and ) Tj ET Q q 0 0 0 rg BT 181.38 559.70 Td (support ) Tj ET Q q 0 0 0 rg BT 214.14 559.70 Td (teams ) Tj ET Q q 0 0 0 rg BT 240.23 559.70 Td (by ) Tj ET Q q 0 0 0 rg BT 253.00 559.70 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.52 559.70 Td (42%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.85 559.70 Td ( ) Tj ET Q q 0 0 0 rg BT 334.62 559.70 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.82 559.70 Td (December ) Tj ET Q q 0 0 0 rg BT 400.67 559.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 415.94 559.70 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.94 559.70 Td ( ) Tj ET Q q 0 0 0 rg BT 438.70 559.70 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.25 559.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 508.09 559.70 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.09 559.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.86 559.70 Td (in ) Tj ET Q q 0 0 0 rg BT 541.40 559.70 Td (order ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 547.70 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 547.70 Td (address ) Tj ET Q q 0 0 0 rg BT 92.27 547.70 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 138.64 547.70 Td (demand ) Tj ET Q q 0 0 0 rg BT 172.79 547.70 Td (for ) Tj ET Q q 0 0 0 rg BT 186.95 547.70 Td (our ) Tj ET Q q 0 0 0 rg BT 202.78 547.70 Td (software ) Tj ET Q q 0 0 0 rg BT 239.71 547.70 Td (solutions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.83 547.70 Td (. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 527.70 Td (Incr) Tj ET Q q 0 0 0 rg BT 89.79 527.70 Td (eased ) Tj ET Q q 0 0 0 rg BT 115.42 527.70 Td (r) Tj ET Q q 0 0 0 rg BT 118.94 527.70 Td (egulation ) Tj ET Q q 0 0 0 rg BT 159.57 527.70 Td (affecting ) Tj ET Q q 0 0 0 rg BT 197.42 527.70 Td (lenders ) Tj ET Q q 0 0 0 rg BT 229.72 527.70 Td (and ) Tj ET Q q 0 0 0 rg BT 247.58 527.70 Td (investors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.19 527.70 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 335.98 527.70 Td (reforms ) Tj ET Q q 0 0 0 rg BT 369.94 527.70 Td (have ) Tj ET Q q 0 0 0 rg BT 391.68 527.70 Td (significantly ) Tj ET Q q 0 0 0 rg BT 444.53 527.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 485.15 527.70 Td (the ) Tj ET Q q 0 0 0 rg BT 500.22 527.70 Td (complexity ) Tj ET Q q 0 0 0 rg BT 548.07 527.70 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 515.70 Td (importance ) Tj ET Q q 0 0 0 rg BT 97.98 515.70 Td (of ) Tj ET Q q 0 0 0 rg BT 109.81 515.70 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 154.40 515.70 Td (compliance. ) Tj ET Q q 0 0 0 rg BT 206.23 515.70 Td (W) Tj ET Q q 0 0 0 rg BT 214.87 515.70 Td (e ) Tj ET Q q 0 0 0 rg BT 222.80 515.70 Td (devote ) Tj ET Q q 0 0 0 rg BT 252.96 515.70 Td (considerable ) Tj ET Q q 0 0 0 rg BT 306.99 515.70 Td (resources ) Tj ET Q q 0 0 0 rg BT 348.24 515.70 Td (to ) Tj ET Q q 0 0 0 rg BT 359.52 515.70 Td (continually ) Tj ET Q q 0 0 0 rg BT 408.01 515.70 Td (upgrading ) Tj ET Q q 0 0 0 rg BT 452.05 515.70 Td (software ) Tj ET Q q 0 0 0 rg BT 489.98 515.70 Td (to ) Tj ET Q q 0 0 0 rg BT 501.25 515.70 Td (help ) Tj ET Q q 0 0 0 rg BT 521.97 515.70 Td (customers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 503.70 Td (address ) Tj ET Q q 0 0 0 rg BT 81.67 503.70 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 124.94 503.70 Td (changes. ) Tj ET Q q 0 0 0 rg BT 161.67 503.70 Td (W) Tj ET Q q 0 0 0 rg BT 170.30 503.70 Td (e ) Tj ET Q q 0 0 0 rg BT 176.92 503.70 Td (of) Tj ET Q q 0 0 0 rg BT 185.07 503.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 198.35 503.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 246.07 503.70 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 296.57 503.70 Td (Service, ) Tj ET Q q 0 0 0 rg BT 331.23 503.70 Td (which ) Tj ET Q q 0 0 0 rg BT 357.85 503.70 Td (automatically ) Tj ET Q q 0 0 0 rg BT 414.45 503.70 Td (checks ) Tj ET Q q 0 0 0 rg BT 443.83 503.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 463.23 503.70 Td (files ) Tj ET Q q 0 0 0 rg BT 482.62 503.70 Td (for ) Tj ET Q q 0 0 0 rg BT 496.46 503.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 544.73 503.70 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 491.70 Td (the ) Tj ET Q q 0 0 0 rg BT 64.25 491.70 Td (myriad ) Tj ET Q q 0 0 0 rg BT 95.11 491.70 Td (of ) Tj ET Q q 0 0 0 rg BT 105.97 491.70 Td (federal, ) Tj ET Q q 0 0 0 rg BT 138.76 491.70 Td (state ) Tj ET Q q 0 0 0 rg BT 159.62 491.70 Td (and ) Tj ET Q q 0 0 0 rg BT 176.59 491.70 Td (local ) Tj ET Q q 0 0 0 rg BT 198.56 491.70 Td (regulations ) Tj ET Q q 0 0 0 rg BT 245.52 491.70 Td (and ) Tj ET Q q 0 0 0 rg BT 262.49 491.70 Td (alerts ) Tj ET Q q 0 0 0 rg BT 286.68 491.70 Td (users ) Tj ET Q q 0 0 0 rg BT 309.77 491.70 Td (to ) Tj ET Q q 0 0 0 rg BT 320.08 491.70 Td (possible ) Tj ET Q q 0 0 0 rg BT 355.39 491.70 Td (violations ) Tj ET Q q 0 0 0 rg BT 397.37 491.70 Td (of ) Tj ET Q q 0 0 0 rg BT 408.23 491.70 Td (these ) Tj ET Q q 0 0 0 rg BT 431.31 491.70 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 480.78 491.70 Td (In ) Tj ET Q q 0 0 0 rg BT 491.64 491.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 529.45 491.70 Td (we ) Tj ET Q q 0 0 0 rg BT 543.64 491.70 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 479.70 Td (a ) Tj ET Q q 0 0 0 rg BT 55.50 479.70 Td (staf) Tj ET Q q 0 0 0 rg BT 69.75 479.70 Td (f ) Tj ET Q q 0 0 0 rg BT 74.64 479.70 Td (of ) Tj ET Q q 0 0 0 rg BT 84.53 479.70 Td (attorneys ) Tj ET Q q 0 0 0 rg BT 122.74 479.70 Td (and ) Tj ET Q q 0 0 0 rg BT 138.73 479.70 Td (work ) Tj ET Q q 0 0 0 rg BT 160.84 479.70 Td (with ) Tj ET Q q 0 0 0 rg BT 180.18 479.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 227.82 479.70 Td (experts ) Tj ET Q q 0 0 0 rg BT 258.26 479.70 Td (who ) Tj ET Q q 0 0 0 rg BT 277.03 479.70 Td (help ) Tj ET Q q 0 0 0 rg BT 295.81 479.70 Td (assure ) Tj ET Q q 0 0 0 rg BT 322.35 479.70 Td (that ) Tj ET Q q 0 0 0 rg BT 338.91 479.70 Td (documents ) Tj ET Q q 0 0 0 rg BT 383.79 479.70 Td (prepared ) Tj ET Q q 0 0 0 rg BT 420.32 479.70 Td (using ) Tj ET Q q 0 0 0 rg BT 443.55 479.70 Td (our ) Tj ET Q q 0 0 0 rg BT 458.43 479.70 Td (software ) Tj ET Q q 0 0 0 rg BT 494.42 479.70 Td (and ) Tj ET Q q 0 0 0 rg BT 510.41 479.70 Td (the ) Tj ET Q q 0 0 0 rg BT 524.19 479.70 Td (processes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 467.70 Td (recommended ) Tj ET Q q 0 0 0 rg BT 108.92 467.70 Td (by ) Tj ET Q q 0 0 0 rg BT 121.70 467.70 Td (the ) Tj ET Q q 0 0 0 rg BT 136.69 467.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 185.01 467.70 Td (workflow ) Tj ET Q q 0 0 0 rg BT 226.67 467.70 Td (comply ) Tj ET Q q 0 0 0 rg BT 259.45 467.70 Td (with ) Tj ET Q q 0 0 0 rg BT 280.00 467.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 323.87 467.70 Td (rules ) Tj ET Q q 0 0 0 rg BT 346.08 467.70 Td (and ) Tj ET Q q 0 0 0 rg BT 363.30 467.70 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 412.81 467.70 Td (W) Tj ET Q q 0 0 0 rg BT 421.45 467.70 Td (e ) Tj ET Q q 0 0 0 rg BT 428.66 467.70 Td (believe ) Tj ET Q q 0 0 0 rg BT 460.31 467.70 Td (we ) Tj ET Q q 0 0 0 rg BT 474.75 467.70 Td (are ) Tj ET Q q 0 0 0 rg BT 489.73 467.70 Td (well-positioned ) Tj ET Q q 0 0 0 rg BT 554.72 467.70 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 455.70 Td (help ) Tj ET Q q 0 0 0 rg BT 68.50 455.70 Td (our ) Tj ET Q q 0 0 0 rg BT 83.61 455.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 125.94 455.70 Td (meet ) Tj ET Q q 0 0 0 rg BT 147.16 455.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 188.93 455.70 Td (requirements ) Tj ET Q q 0 0 0 rg BT 242.91 455.70 Td (from ) Tj ET Q q 0 0 0 rg BT 264.13 455.70 Td (the ) Tj ET Q q 0 0 0 rg BT 278.13 455.70 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 328.67 455.70 Td (W) Tj ET Q q 0 0 0 rg BT 337.31 455.70 Td (all ) Tj ET Q q 0 0 0 rg BT 349.08 455.70 Td (Street ) Tj ET Q q 0 0 0 rg BT 374.19 455.70 Td (Reform ) Tj ET Q q 0 0 0 rg BT 406.52 455.70 Td (and ) Tj ET Q q 0 0 0 rg BT 422.74 455.70 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 465.63 455.70 Td (Protection ) Tj ET Q q 0 0 0 rg BT 508.12 455.70 Td (Act, ) Tj ET Q q 0 0 0 rg BT 526.84 455.70 Td (or ) Tj ET Q q 0 0 0 rg BT 536.96 455.70 Td (Dodd-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 443.70 Td (Frank ) Tj ET Q q 0 0 0 rg BT 75.08 443.70 Td (Act, ) Tj ET Q q 0 0 0 rg BT 94.92 443.70 Td (that ) Tj ET Q q 0 0 0 rg BT 112.80 443.70 Td (became ) Tj ET Q q 0 0 0 rg BT 146.23 443.70 Td (ef) Tj ET Q q 0 0 0 rg BT 153.82 443.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 183.91 443.70 Td (in ) Tj ET Q q 0 0 0 rg BT 194.58 443.70 Td (January ) Tj ET Q q 0 0 0 rg BT 228.58 443.70 Td (2014. ) Tj ET Q q 0 0 0 rg BT 253.97 443.70 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.77 443.70 Td (A) Tj ET Q q 0 0 0 rg BT 277.89 443.70 Td (TR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.67 443.70 Td (/) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.44 443.70 Td (QM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.56 443.70 Td (, ) Tj ET Q q 0 0 0 rg BT 314.95 443.70 Td (functionality ) Tj ET Q q 0 0 0 rg BT 368.94 443.70 Td (is ) Tj ET Q q 0 0 0 rg BT 378.51 443.70 Td (designed ) Tj ET Q q 0 0 0 rg BT 416.95 443.70 Td (to ) Tj ET Q q 0 0 0 rg BT 427.62 443.70 Td (allow ) Tj ET Q q 0 0 0 rg BT 452.73 443.70 Td (our ) Tj ET Q q 0 0 0 rg BT 468.95 443.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 512.39 443.70 Td (to ) Tj ET Q q 0 0 0 rg BT 523.06 443.70 Td (document ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 431.70 Td (their ) Tj ET Q q 0 0 0 rg BT 69.97 431.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 118.21 431.70 Td (with ) Tj ET Q q 0 0 0 rg BT 138.13 431.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.49 431.70 Td (CFPB) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.96 431.70 Td () Tj ET Q q 0 0 0 rg BT 179.73 431.70 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.30 431.70 Td (A) Tj ET Q q 0 0 0 rg BT 191.41 431.70 Td (TR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.19 431.70 Td (/) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.97 431.70 Td (QM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.08 431.70 Td ( ) Tj ET Q q 0 0 0 rg BT 225.23 431.70 Td (Final ) Tj ET Q q 0 0 0 rg BT 247.93 431.70 Td (Rule ) Tj ET Q q 0 0 0 rg BT 268.96 431.70 Td (that ) Tj ET Q q 0 0 0 rg BT 286.10 431.70 Td (applies ) Tj ET Q q 0 0 0 rg BT 316.58 431.70 Td (to ) Tj ET Q q 0 0 0 rg BT 326.50 431.70 Td (the ) Tj ET Q q 0 0 0 rg BT 340.86 431.70 Td (majority ) Tj ET Q q 0 0 0 rg BT 376.89 431.70 Td (of ) Tj ET Q q 0 0 0 rg BT 387.37 431.70 Td (residential ) Tj ET Q q 0 0 0 rg BT 431.16 431.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 471.07 431.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 490.44 431.70 Td (originations ) Tj ET Q q 0 0 0 rg BT 540.35 431.70 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 431.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 419.70 Td (United ) Tj ET Q q 0 0 0 rg BT 78.84 419.70 Td (States. ) Tj ET Q q 0 0 0 rg BT 107.21 419.70 Td (W) Tj ET Q q 0 0 0 rg BT 115.84 419.70 Td (e ) Tj ET Q q 0 0 0 rg BT 122.41 419.70 Td (believe ) Tj ET Q q 0 0 0 rg BT 153.41 419.70 Td (we ) Tj ET Q q 0 0 0 rg BT 167.20 419.70 Td (are ) Tj ET Q q 0 0 0 rg BT 181.53 419.70 Td (also ) Tj ET Q q 0 0 0 rg BT 199.77 419.70 Td (well-positioned ) Tj ET Q q 0 0 0 rg BT 264.11 419.70 Td (to ) Tj ET Q q 0 0 0 rg BT 274.02 419.70 Td (help ) Tj ET Q q 0 0 0 rg BT 293.36 419.70 Td (our ) Tj ET Q q 0 0 0 rg BT 308.82 419.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 351.49 419.70 Td (meet ) Tj ET Q q 0 0 0 rg BT 373.05 419.70 Td (future ) Tj ET Q q 0 0 0 rg BT 399.06 419.70 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 449.60 419.70 Td (Act ) Tj ET Q q 0 0 0 rg BT 466.17 419.70 Td (requirements ) Tj ET Q q 0 0 0 rg BT 520.50 419.70 Td (as ) Tj ET Q q 0 0 0 rg BT 530.95 419.70 Td (they ) Tj ET Q q 0 0 0 rg BT 550.30 419.70 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 407.70 Td (published ) Tj ET Q q 0 0 0 rg BT 90.89 407.70 Td (and ) Tj ET Q q 0 0 0 rg BT 107.83 407.70 Td (become ) Tj ET Q q 0 0 0 rg BT 141.42 407.70 Td (ef) Tj ET Q q 0 0 0 rg BT 149.01 407.70 Td (fective.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 387.70 Td (Gr) Tj ET Q q 0 0 0 rg BT 84.24 387.70 Td (eater ) Tj ET Q q 0 0 0 rg BT 109.01 387.70 Td (focus ) Tj ET Q q 0 0 0 rg BT 134.34 387.70 Td (on ) Tj ET Q q 0 0 0 rg BT 148.56 387.70 Td (operational ) Tj ET Q q 0 0 0 rg BT 199.44 387.70 Td (efficiencies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.92 387.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.42 387.70 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 292.51 387.70 Td (originators ) Tj ET Q q 0 0 0 rg BT 340.06 387.70 Td (experienced ) Tj ET Q q 0 0 0 rg BT 392.58 387.70 Td (an ) Tj ET Q q 0 0 0 rg BT 406.24 387.70 Td (approximately) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 387.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.22 387.70 Td (40%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.55 387.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.77 387.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 527.74 387.70 Td (in ) Tj ET Q q 0 0 0 rg BT 539.74 387.70 Td (direct ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 375.70 Td (production ) Tj ET Q q 0 0 0 rg BT 94.96 375.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 117.10 375.70 Td (per ) Tj ET Q q 0 0 0 rg BT 132.01 375.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 151.37 375.70 Td (between ) Tj ET Q q 0 0 0 rg BT 186.82 375.70 Td (2009 ) Tj ET Q q 0 0 0 rg BT 208.96 375.70 Td (and ) Tj ET Q q 0 0 0 rg BT 225.54 375.70 Td (201) Tj ET Q q 0 0 0 rg BT 240.16 375.70 Td (1) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 245.16 380.23 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.41 375.70 Td (, ) Tj ET Q q 0 0 0 rg BT 253.05 375.70 Td (and ) Tj ET Q q 0 0 0 rg BT 269.63 375.70 Td (we ) Tj ET Q q 0 0 0 rg BT 283.43 375.70 Td (expect ) Tj ET Q q 0 0 0 rg BT 311.66 375.70 Td (this ) Tj ET Q q 0 0 0 rg BT 328.25 375.70 Td (trend ) Tj ET Q q 0 0 0 rg BT 350.93 375.70 Td (to ) Tj ET Q q 0 0 0 rg BT 360.85 375.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 397.42 375.70 Td (due ) Tj ET Q q 0 0 0 rg BT 414.00 375.70 Td (to ) Tj ET Q q 0 0 0 rg BT 423.92 375.70 Td (continued ) Tj ET Q q 0 0 0 rg BT 465.49 375.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 505.38 375.70 Td (regulation ) Tj ET Q q 0 0 0 rg BT 548.06 375.70 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 363.70 Td (heightened ) Tj ET Q q 0 0 0 rg BT 95.86 363.70 Td (quality ) Tj ET Q q 0 0 0 rg BT 126.12 363.70 Td (standards. ) Tj ET Q q 0 0 0 rg BT 168.88 363.70 Td (By ) Tj ET Q q 0 0 0 rg BT 183.04 363.70 Td (automating ) Tj ET Q q 0 0 0 rg BT 230.51 363.70 Td (many ) Tj ET Q q 0 0 0 rg BT 255.22 363.70 Td (of ) Tj ET Q q 0 0 0 rg BT 266.04 363.70 Td (the ) Tj ET Q q 0 0 0 rg BT 280.74 363.70 Td (functions ) Tj ET Q q 0 0 0 rg BT 320.44 363.70 Td (of ) Tj ET Q q 0 0 0 rg BT 331.26 363.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 371.51 363.70 Td (origination, ) Tj ET Q q 0 0 0 rg BT 420.38 363.70 Td (we ) Tj ET Q q 0 0 0 rg BT 434.53 363.70 Td (enable ) Tj ET Q q 0 0 0 rg BT 463.11 363.70 Td (our ) Tj ET Q q 0 0 0 rg BT 478.93 363.70 Td (users ) Tj ET Q q 0 0 0 rg BT 501.97 363.70 Td (to ) Tj ET Q q 0 0 0 rg BT 512.24 363.70 Td (comply ) Tj ET Q q 0 0 0 rg BT 544.72 363.70 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 351.70 Td (regulations ) Tj ET Q q 0 0 0 rg BT 96.64 351.70 Td (and ) Tj ET Q q 0 0 0 rg BT 113.78 351.70 Td (process ) Tj ET Q q 0 0 0 rg BT 146.47 351.70 Td (quality ) Tj ET Q q 0 0 0 rg BT 176.94 351.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 200.75 351.70 Td (more ) Tj ET Q q 0 0 0 rg BT 224.00 351.70 Td (ef) Tj ET Q q 0 0 0 rg BT 231.59 351.70 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 267.61 351.70 Td (and ) Tj ET Q q 0 0 0 rg BT 284.75 351.70 Td (ef) Tj ET Q q 0 0 0 rg BT 292.34 351.70 Td (fectively) Tj ET Q q 0 0 0 rg BT 326.67 351.70 Td (. ) Tj ET Q q 0 0 0 rg BT 331.68 351.70 Td (This ) Tj ET Q q 0 0 0 rg BT 352.16 351.70 Td (reduces ) Tj ET Q q 0 0 0 rg BT 385.40 351.70 Td (the ) Tj ET Q q 0 0 0 rg BT 400.31 351.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 419.12 351.70 Td (of ) Tj ET Q q 0 0 0 rg BT 430.16 351.70 Td (originating ) Tj ET Q q 0 0 0 rg BT 476.74 351.70 Td (a ) Tj ET Q q 0 0 0 rg BT 483.88 351.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 503.80 351.70 Td (and ) Tj ET Q q 0 0 0 rg BT 520.94 351.70 Td (lowers ) Tj ET Q q 0 0 0 rg BT 550.30 351.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 339.70 Td (risk ) Tj ET Q q 0 0 0 rg BT 67.27 339.70 Td (of ) Tj ET Q q 0 0 0 rg BT 78.36 339.70 Td (buy ) Tj ET Q q 0 0 0 rg BT 96.13 339.70 Td (back ) Tj ET Q q 0 0 0 rg BT 117.77 339.70 Td (demands ) Tj ET Q q 0 0 0 rg BT 156.08 339.70 Td (from ) Tj ET Q q 0 0 0 rg BT 178.29 339.70 Td (investors ) Tj ET Q q 0 0 0 rg BT 217.16 339.70 Td (resulting ) Tj ET Q q 0 0 0 rg BT 254.92 339.70 Td (from ) Tj ET Q q 0 0 0 rg BT 277.13 339.70 Td (poorly ) Tj ET Q q 0 0 0 rg BT 306.00 339.70 Td (originated ) Tj ET Q q 0 0 0 rg BT 349.31 339.70 Td (or ) Tj ET Q q 0 0 0 rg BT 360.41 339.70 Td (documented ) Tj ET Q q 0 0 0 rg BT 412.05 339.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 435.92 339.70 Td (and/or ) Tj ET Q q 0 0 0 rg BT 464.23 339.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 488.11 339.70 Td (that ) Tj ET Q q 0 0 0 rg BT 505.87 339.70 Td (fail ) Tj ET Q q 0 0 0 rg BT 521.96 339.70 Td (to ) Tj ET Q q 0 0 0 rg BT 532.51 339.70 Td (comply ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 327.70 Td (with ) Tj ET Q q 0 0 0 rg BT 69.78 327.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 113.37 327.70 Td (regulations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 311.30 Td (W) Tj ET Q q 0 0 0 rg BT 81.54 311.30 Td (ith ) Tj ET Q q 0 0 0 rg BT 95.08 311.30 Td (an ) Tj ET Q q 0 0 0 rg BT 107.50 311.30 Td (eye ) Tj ET Q q 0 0 0 rg BT 124.37 311.30 Td (towards ) Tj ET Q q 0 0 0 rg BT 159.01 311.30 Td (providing ) Tj ET Q q 0 0 0 rg BT 200.89 311.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 244.42 311.30 Td (with ) Tj ET Q q 0 0 0 rg BT 265.18 311.30 Td (ever) Tj ET Q q 0 0 0 rg BT 282.19 311.30 Td (-greater ) Tj ET Q q 0 0 0 rg BT 316.26 311.30 Td (tools ) Tj ET Q q 0 0 0 rg BT 338.69 311.30 Td (to ) Tj ET Q q 0 0 0 rg BT 349.46 311.30 Td (enhance ) Tj ET Q q 0 0 0 rg BT 385.20 311.30 Td (ef) Tj ET Q q 0 0 0 rg BT 392.79 311.30 Td (ficiency) Tj ET Q q 0 0 0 rg BT 424.34 311.30 Td (, ) Tj ET Q q 0 0 0 rg BT 429.82 311.30 Td (we ) Tj ET Q q 0 0 0 rg BT 444.47 311.30 Td (will ) Tj ET Q q 0 0 0 rg BT 463.01 311.30 Td (continue ) Tj ET Q q 0 0 0 rg BT 500.43 311.30 Td (to ) Tj ET Q q 0 0 0 rg BT 511.20 311.30 Td (develop ) Tj ET Q q 0 0 0 rg BT 545.84 311.30 Td (new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 299.30 Td (service ) Tj ET Q q 0 0 0 rg BT 79.82 299.30 Td (of) Tj ET Q q 0 0 0 rg BT 87.97 299.30 Td (ferings ) Tj ET Q q 0 0 0 rg BT 117.74 299.30 Td (through ) Tj ET Q q 0 0 0 rg BT 150.84 299.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 165.06 299.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 185.95 299.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 205.71 299.30 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.71 299.30 Td ( ) Tj ET Q q 0 0 0 rg BT 242.71 299.30 Td (and ) Tj ET Q q 0 0 0 rg BT 259.15 299.30 Td (pursue ) Tj ET Q q 0 0 0 rg BT 287.81 299.30 Td (adoption ) Tj ET Q q 0 0 0 rg BT 324.80 299.30 Td (of ) Tj ET Q q 0 0 0 rg BT 335.13 299.30 Td (our ) Tj ET Q q 0 0 0 rg BT 350.46 299.30 Td (services ) Tj ET Q q 0 0 0 rg BT 384.67 299.30 Td (through ) Tj ET Q q 0 0 0 rg BT 417.78 299.30 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 459.22 299.30 Td (such ) Tj ET Q q 0 0 0 rg BT 479.55 299.30 Td (as ) Tj ET Q q 0 0 0 rg BT 489.88 299.30 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.07 299.30 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.14 299.30 Td ( ) Tj ET Q q 0 0 0 rg BT 526.14 299.30 Td (program. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 287.30 Td (By ) Tj ET Q q 0 0 0 rg BT 63.67 287.30 Td (integrating ) Tj ET Q q 0 0 0 rg BT 109.49 287.30 Td (and ) Tj ET Q q 0 0 0 rg BT 126.43 287.30 Td (expanding ) Tj ET Q q 0 0 0 rg BT 170.58 287.30 Td (our ) Tj ET Q q 0 0 0 rg BT 186.41 287.30 Td (current ) Tj ET Q q 0 0 0 rg BT 217.23 287.30 Td (and ) Tj ET Q q 0 0 0 rg BT 234.17 287.30 Td (new ) Tj ET Q q 0 0 0 rg BT 253.33 287.30 Td (services, ) Tj ET Q q 0 0 0 rg BT 290.54 287.30 Td (we ) Tj ET Q q 0 0 0 rg BT 304.70 287.30 Td (will ) Tj ET Q q 0 0 0 rg BT 322.75 287.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 355.80 287.30 Td (a ) Tj ET Q q 0 0 0 rg BT 362.74 287.30 Td (more ) Tj ET Q q 0 0 0 rg BT 385.78 287.30 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 448.82 287.30 Td (benefit ) Tj ET Q q 0 0 0 rg BT 479.08 287.30 Td (to ) Tj ET Q q 0 0 0 rg BT 489.36 287.30 Td (our ) Tj ET Q q 0 0 0 rg BT 505.19 287.30 Td (users.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 270.90 Td (In ) Tj ET Q q 0 0 0 rg BT 85.32 270.90 Td (addition ) Tj ET Q q 0 0 0 rg BT 122.57 270.90 Td (to ) Tj ET Q q 0 0 0 rg BT 134.84 270.90 Td (providing ) Tj ET Q q 0 0 0 rg BT 178.21 270.90 Td (ef) Tj ET Q q 0 0 0 rg BT 185.80 270.90 Td (ficiency-enhancing ) Tj ET Q q 0 0 0 rg BT 266.91 270.90 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 310.01 270.90 Td (delivery ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.26 270.90 Td (of ) Tj ET Q q 0 0 0 rg BT 360.08 270.90 Td (our ) Tj ET Q q 0 0 0 rg BT 377.89 270.90 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 427.92 270.90 Td (software ) Tj ET Q q 0 0 0 rg BT 466.84 270.90 Td (in ) Tj ET Q q 0 0 0 rg BT 479.10 270.90 Td (an ) Tj ET Q q 0 0 0 rg BT 493.03 270.90 Td (on-demand) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.01 270.90 Td ( ) Tj ET Q q 0 0 0 rg BT 542.50 270.90 Td (SaaS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 258.90 Td (environment ) Tj ET Q q 0 0 0 rg BT 104.31 258.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 143.02 258.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 187.84 258.90 Td (with ) Tj ET Q q 0 0 0 rg BT 209.88 258.90 Td (the ) Tj ET Q q 0 0 0 rg BT 226.37 258.90 Td (added ) Tj ET Q q 0 0 0 rg BT 254.52 258.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 290.44 258.90 Td (of ) Tj ET Q q 0 0 0 rg BT 303.04 258.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 330.08 258.90 Td (up ) Tj ET Q q 0 0 0 rg BT 344.35 258.90 Td (front ) Tj ET Q q 0 0 0 rg BT 368.06 258.90 Td (implementation ) Tj ET Q q 0 0 0 rg BT 435.09 258.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 459.36 258.90 Td (and ) Tj ET Q q 0 0 0 rg BT 478.07 258.90 Td (reduced ) Tj ET Q q 0 0 0 rg BT 513.98 258.90 Td (need ) Tj ET Q q 0 0 0 rg BT 537.13 258.90 Td (for ) Tj ET Q q 0 0 0 rg BT 553.06 258.90 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 246.90 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 106.28 246.90 Td (of ) Tj ET Q q 0 0 0 rg BT 117.53 246.90 Td (servers, ) Tj ET Q q 0 0 0 rg BT 151.26 246.90 Td (storage ) Tj ET Q q 0 0 0 rg BT 183.06 246.90 Td (and ) Tj ET Q q 0 0 0 rg BT 200.41 246.90 Td (network ) Tj ET Q q 0 0 0 rg BT 236.10 246.90 Td (devices ) Tj ET Q q 0 0 0 rg BT 269.00 246.90 Td (as ) Tj ET Q q 0 0 0 rg BT 280.24 246.90 Td (well ) Tj ET Q q 0 0 0 rg BT 300.38 246.90 Td (as ) Tj ET Q q 0 0 0 rg BT 311.62 246.90 Td (providing ) Tj ET Q q 0 0 0 rg BT 353.43 246.90 Td (access ) Tj ET Q q 0 0 0 rg BT 381.88 246.90 Td (to ) Tj ET Q q 0 0 0 rg BT 392.58 246.90 Td (the ) Tj ET Q q 0 0 0 rg BT 407.71 246.90 Td (most ) Tj ET Q q 0 0 0 rg BT 430.07 246.90 Td (current ) Tj ET Q q 0 0 0 rg BT 461.31 246.90 Td (release ) Tj ET Q q 0 0 0 rg BT 491.98 246.90 Td (of ) Tj ET Q q 0 0 0 rg BT 503.22 246.90 Td (an ) Tj ET Q q 0 0 0 rg BT 515.58 246.90 Td (application, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 234.90 Td (periodic ) Tj ET Q q 0 0 0 rg BT 84.76 234.90 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 123.36 234.90 Td (and ) Tj ET Q q 0 0 0 rg BT 140.30 234.90 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 183.89 234.90 Td (updates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.94 234.90 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 214.90 Td (Customers ) Tj ET Q q 0 0 0 rg BT 119.63 214.90 Td (adopting ) Tj ET Q q 0 0 0 rg BT 158.54 214.90 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 217.44 214.90 Td (strategies. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.17 214.90 Td (Customers ) Tj ET Q q 0 0 0 rg BT 308.30 214.90 Td (are ) Tj ET Q q 0 0 0 rg BT 323.86 214.90 Td (developing ) Tj ET Q q 0 0 0 rg BT 371.65 214.90 Td (multi-channel ) Tj ET Q q 0 0 0 rg BT 430.53 214.90 Td (strategies ) Tj ET Q q 0 0 0 rg BT 471.65 214.90 Td (beyond ) Tj ET Q q 0 0 0 rg BT 504.44 214.90 Td (a ) Tj ET Q q 0 0 0 rg BT 512.23 214.90 Td (single ) Tj ET Q q 0 0 0 rg BT 539.46 214.90 Td (retail, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 202.90 Td (correspondent ) Tj ET Q q 0 0 0 rg BT 108.98 202.90 Td (or ) Tj ET Q q 0 0 0 rg BT 120.15 202.90 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 162.97 202.90 Td (channel ) Tj ET Q q 0 0 0 rg BT 196.90 202.90 Td (in ) Tj ET Q q 0 0 0 rg BT 207.52 202.90 Td (order ) Tj ET Q q 0 0 0 rg BT 231.45 202.90 Td (to ) Tj ET Q q 0 0 0 rg BT 242.07 202.90 Td (grow ) Tj ET Q q 0 0 0 rg BT 265.46 202.90 Td (their ) Tj ET Q q 0 0 0 rg BT 286.62 202.90 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 333.97 202.90 Td (The ) Tj ET Q q 0 0 0 rg BT 352.36 202.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 407.40 202.90 Td (of ) Tj ET Q q 0 0 0 rg BT 418.56 202.90 Td (these ) Tj ET Q q 0 0 0 rg BT 441.95 202.90 Td (dif) Tj ET Q q 0 0 0 rg BT 452.87 202.90 Td (ferent ) Tj ET Q q 0 0 0 rg BT 479.03 202.90 Td (channels ) Tj ET Q q 0 0 0 rg BT 516.85 202.90 Td (vary ) Tj ET Q q 0 0 0 rg BT 537.45 202.90 Td (and ) Tj ET Q q 0 0 0 rg BT 554.73 202.90 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 190.90 Td (order ) Tj ET Q q 0 0 0 rg BT 73.00 190.90 Td (to ) Tj ET Q q 0 0 0 rg BT 83.18 190.90 Td (maintain ) Tj ET Q q 0 0 0 rg BT 120.57 190.90 Td (a ) Tj ET Q q 0 0 0 rg BT 127.42 190.90 Td (single ) Tj ET Q q 0 0 0 rg BT 153.70 190.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 193.87 190.90 Td (system, ) Tj ET Q q 0 0 0 rg BT 226.55 190.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 269.50 190.90 Td (must ) Tj ET Q q 0 0 0 rg BT 291.35 190.90 Td (use ) Tj ET Q q 0 0 0 rg BT 307.08 190.90 Td (a ) Tj ET Q q 0 0 0 rg BT 313.92 190.90 Td (robust ) Tj ET Q q 0 0 0 rg BT 341.33 190.90 Td (system ) Tj ET Q q 0 0 0 rg BT 371.51 190.90 Td (with ) Tj ET Q q 0 0 0 rg BT 391.69 190.90 Td (customizable ) Tj ET Q q 0 0 0 rg BT 446.85 190.90 Td (functionality) Tj ET Q q 0 0 0 rg BT 497.30 190.90 Td (. ) Tj ET Q q 0 0 0 rg BT 502.03 190.90 Td (W) Tj ET Q q 0 0 0 rg BT 510.66 190.90 Td (e ) Tj ET Q q 0 0 0 rg BT 517.50 190.90 Td (continually ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 178.90 Td (address ) Tj ET Q q 0 0 0 rg BT 82.31 178.90 Td (the ) Tj ET Q q 0 0 0 rg BT 97.34 178.90 Td (changing ) Tj ET Q q 0 0 0 rg BT 136.81 178.90 Td (needs ) Tj ET Q q 0 0 0 rg BT 162.39 178.90 Td (of ) Tj ET Q q 0 0 0 rg BT 173.54 178.90 Td (our ) Tj ET Q q 0 0 0 rg BT 189.68 178.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 233.04 178.90 Td (by ) Tj ET Q q 0 0 0 rg BT 245.86 178.90 Td (developing ) Tj ET Q q 0 0 0 rg BT 293.11 178.90 Td (and ) Tj ET Q q 0 0 0 rg BT 310.36 178.90 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 354.27 178.90 Td (tools ) Tj ET Q q 0 0 0 rg BT 376.53 178.90 Td (to ) Tj ET Q q 0 0 0 rg BT 387.12 178.90 Td (allow ) Tj ET Q q 0 0 0 rg BT 412.16 178.90 Td (for ) Tj ET Q q 0 0 0 rg BT 426.63 178.90 Td (simplified ) Tj ET Q q 0 0 0 rg BT 470.00 178.90 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 513.91 178.90 Td (compliance, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 166.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.75 166.90 Td (availability ) Tj ET Q q 0 0 0 rg BT 137.24 166.90 Td (of ) Tj ET Q q 0 0 0 rg BT 148.07 166.90 Td (information, ) Tj ET Q q 0 0 0 rg BT 200.28 166.90 Td (and ) Tj ET Q q 0 0 0 rg BT 217.22 166.90 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 257.47 166.90 Td (system ) Tj ET Q q 0 0 0 rg BT 287.75 166.90 Td (functionality ) Tj ET Q q 0 0 0 rg BT 341.35 166.90 Td (and ) Tj ET Q q 0 0 0 rg BT 358.29 166.90 Td (performance.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 140.90 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 100.90 140.90 Td (Strategy) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 120.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.84 120.90 Td (industry ) Tj ET Q q 0 0 0 rg BT 105.41 120.90 Td (is ) Tj ET Q q 0 0 0 rg BT 115.88 120.90 Td (highly ) Tj ET Q q 0 0 0 rg BT 145.22 120.90 Td (fragmented, ) Tj ET Q q 0 0 0 rg BT 197.05 120.90 Td (and ) Tj ET Q q 0 0 0 rg BT 215.28 120.90 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.73 120.90 Td (believe ) Tj ET Q q 0 0 0 rg BT 263.40 120.90 Td (there ) Tj ET Q q 0 0 0 rg BT 287.17 120.90 Td (are ) Tj ET Q q 0 0 0 rg BT 303.17 120.90 Td (strategic ) Tj ET Q q 0 0 0 rg BT 340.84 120.90 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 397.40 120.90 Td (available ) Tj ET Q q 0 0 0 rg BT 437.28 120.90 Td (to ) Tj ET Q q 0 0 0 rg BT 448.85 120.90 Td (acquire ) Tj ET Q q 0 0 0 rg BT 482.07 120.90 Td (competing ) Tj ET Q q 0 0 0 rg BT 528.07 120.90 Td (software ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 108.90 Td (companies ) Tj ET Q q 0 0 0 rg BT 96.01 108.90 Td (or ) Tj ET Q q 0 0 0 rg BT 108.08 108.90 Td (software ) Tj ET Q q 0 0 0 rg BT 146.25 108.90 Td (providers ) Tj ET Q q 0 0 0 rg BT 187.76 108.90 Td (that ) Tj ET Q q 0 0 0 rg BT 206.50 108.90 Td (of) Tj ET Q q 0 0 0 rg BT 214.65 108.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 229.49 108.90 Td (related ) Tj ET Q q 0 0 0 rg BT 260.44 108.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 301.94 108.90 Td (origination ) Tj ET Q q 0 0 0 rg BT 349.57 108.90 Td (functionality ) Tj ET Q q 0 0 0 rg BT 404.41 108.90 Td (that ) Tj ET Q q 0 0 0 rg BT 423.15 108.90 Td (will ) Tj ET Q q 0 0 0 rg BT 442.44 108.90 Td (complement ) Tj ET Q q 0 0 0 rg BT 495.62 108.90 Td (and ) Tj ET Q q 0 0 0 rg BT 513.80 108.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 550.29 108.90 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 96.90 Td (attractiveness ) Tj ET Q q 0 0 0 rg BT 106.42 96.90 Td (of ) Tj ET Q q 0 0 0 rg BT 117.25 96.90 Td (Encompass) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.80 96.90 Td (. ) Tj ET Q q 0 0 0 rg BT 167.80 96.90 Td (For ) Tj ET Q q 0 0 0 rg BT 184.19 96.90 Td (example, ) Tj ET Q q 0 0 0 rg BT 223.06 96.90 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.34 96.90 Td (January ) Tj ET Q q 0 0 0 rg BT 266.94 96.90 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.94 96.90 Td (, ) Tj ET Q q 0 0 0 rg BT 291.94 96.90 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.10 96.90 Td (acquired ) Tj ET Q q 0 0 0 rg BT 343.02 96.90 Td (substantially ) Tj ET Q q 0 0 0 rg BT 396.07 96.90 Td (all ) Tj ET Q q 0 0 0 rg BT 408.57 96.90 Td (the ) Tj ET Q q 0 0 0 rg BT 423.28 96.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.11 96.90 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.44 96.90 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.94 96.90 Td (MortgageCEO) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.82 96.90 Td (,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 82.90 Td (________________) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.15 58.57 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 57.72 Td (Mortgage Bankers ) Tj ET Q q 0 0 0 rg BT 143.59 57.72 Td (Association, ) Tj ET Q q 0 0 0 rg BT 195.26 57.72 Td (Annual Mortgage Bankers Performance Report 201) Tj ET Q q 0 0 0 rg BT 401.77 57.72 Td (1 Data, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 433.15 57.72 Td (Net Loan Pr) Tj ET Q q 0 0 0 rg BT 482.23 57.72 Td (oduction Income ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 67.50 47.71 Td (and Expense, $ per loan, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.42 47.71 Td (Copyright June 2012.) 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Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 666.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 95.89 666.10 Td (Metrics) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 646.10 Td (e ) Tj ET Q q 0 0 0 rg BT 90.20 646.10 Td (use ) Tj ET Q q 0 0 0 rg BT 107.16 646.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 137.99 646.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 186.60 646.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 219.66 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.06 646.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 268.00 646.10 Td (our ) Tj ET Q q 0 0 0 rg BT 284.96 646.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 324.98 646.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 368.58 646.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 411.64 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.60 646.10 Td (our ) Tj ET Q q 0 0 0 rg BT 440.55 646.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 481.94 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.00 646.10 Td (make ) Tj ET Q q 0 0 0 rg BT 525.29 646.10 Td (decisions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 91.13 634.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 132.20 634.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 163.20 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 169.02 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.09 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 180.73 634.10 Td (e ) Tj ET Q q 0 0 0 rg BT 188.48 634.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 213.46 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 226.77 634.10 Td (these ) Tj ET Q q 0 0 0 rg BT 250.63 634.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 283.38 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.48 634.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 337.77 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 354.41 634.10 Td (success ) Tj ET Q q 0 0 0 rg BT 387.72 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.81 634.10 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 444.33 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 460.97 634.10 Td (user ) Tj ET Q q 0 0 0 rg BT 480.95 634.10 Td (base ) Tj ET Q q 0 0 0 rg BT 502.03 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.12 634.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 549.19 634.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.54 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.48 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.75 622.10 Td (gauge ) Tj ET Q q 0 0 0 rg BT 141.13 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.85 622.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 184.99 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.82 622.10 Td (our ) Tj ET Q q 0 0 0 rg BT 211.65 622.10 Td (market ) Tj ET Q q 0 0 0 rg BT 241.92 622.10 Td (penetration.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 602.10 Td (These ) Tj ET Q q 0 0 0 rg BT 99.88 602.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 131.81 602.10 Td (are ) Tj ET Q q 0 0 0 rg BT 146.52 602.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 179.00 602.10 Td (below) Tj ET Q q 0 0 0 rg BT 202.79 602.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 582.10 Td (Contracted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.50 582.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 121.10 582.10 Td (r) Tj ET Q q 0 0 0 rg BT 124.62 582.10 Td (evenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.27 582.10 Td (. ) Tj ET Q q 0 0 0 rg BT 161.37 582.10 Td (Contracted ) Tj ET Q q 0 0 0 rg BT 207.85 582.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 245.99 582.10 Td (are ) Tj ET Q q 0 0 0 rg BT 260.80 582.10 Td (those ) Tj ET Q q 0 0 0 rg BT 284.52 582.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 322.66 582.10 Td (that ) Tj ET Q q 0 0 0 rg BT 340.26 582.10 Td (are ) Tj ET Q q 0 0 0 rg BT 355.07 582.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 378.22 582.10 Td (by ) Tj ET Q q 0 0 0 rg BT 390.83 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.65 582.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 430.47 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.41 582.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.45 582.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 483.26 582.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.30 582.10 Td (are ) Tj ET Q q 0 0 0 rg BT 515.11 582.10 Td (not ) Tj ET Q q 0 0 0 rg BT 530.49 582.10 Td (af) Tj ET Q q 0 0 0 rg BT 538.08 582.10 Td (fected ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 570.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.56 570.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 110.82 570.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.66 570.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 160.48 570.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 206.41 570.10 Td (volume. ) Tj ET Q q 0 0 0 rg BT 243.32 570.10 Td (These ) Tj ET Q q 0 0 0 rg BT 269.25 570.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 306.84 570.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 336.68 570.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.06 570.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.33 570.10 Td (base ) Tj ET Q q 0 0 0 rg BT 381.16 570.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 395.42 570.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 426.36 570.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.75 570.10 Td (success-based ) Tj ET Q q 0 0 0 rg BT 494.89 570.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 516.95 570.10 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 558.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 91.06 558.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 127.93 558.10 Td (per) Tj ET Q q 0 0 0 rg BT 140.49 558.10 Td (-user ) Tj ET Q q 0 0 0 rg BT 164.01 558.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 216.42 558.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 239.95 558.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 289.03 558.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 330.59 558.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 379.10 558.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 420.67 558.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.63 558.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 491.04 558.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 530.11 558.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 550.85 558.10 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 546.10 Td (products ) Tj ET Q q 0 0 0 rg BT 86.44 546.10 Td (other ) Tj ET Q q 0 0 0 rg BT 109.49 546.10 Td (than ) Tj ET Q q 0 0 0 rg BT 129.20 546.10 Td (Encompass.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 526.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 96.66 526.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 145.37 526.10 Td (r) Tj ET Q q 0 0 0 rg BT 148.89 526.10 Td (evenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.54 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 186.20 526.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 209.35 526.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 258.06 526.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 296.76 526.10 Td (are ) Tj ET Q q 0 0 0 rg BT 312.12 526.10 Td (those ) Tj ET Q q 0 0 0 rg BT 336.39 526.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 375.09 526.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 404.89 526.10 Td (from ) Tj ET Q q 0 0 0 rg BT 427.49 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.87 526.10 Td (customer) Tj ET Q q 0 0 0 rg BT 479.89 526.10 Td () Tj ET Q q 0 0 0 rg BT 482.67 526.10 Td (s ) Tj ET Q q 0 0 0 rg BT 489.72 526.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 515.65 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.14 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.51 526.10 Td (SaaS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (version ) Tj ET Q q 0 0 0 rg BT 81.44 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.27 514.10 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 142.82 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.13 514.10 Td (These ) Tj ET Q q 0 0 0 rg BT 171.51 514.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 209.55 514.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 239.83 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.66 514.10 Td (success-based ) Tj ET Q q 0 0 0 rg BT 309.25 514.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 347.28 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.22 514.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 400.06 514.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 418.66 514.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 438.37 514.10 Td (by ) Tj ET Q q 0 0 0 rg BT 450.87 514.10 Td (legacy ) Tj ET Q q 0 0 0 rg BT 479.47 514.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 501.97 514.10 Td (customers.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 494.10 Td (Active ) Tj ET Q q 0 0 0 rg BT 100.54 494.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 148.16 494.10 Td (users.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.77 494.10 Td () Tj ET Q q 0 0 0 rg BT 173.72 494.10 Td (An ) Tj ET Q q 0 0 0 rg BT 188.00 494.10 Td (active ) Tj ET Q q 0 0 0 rg BT 213.94 494.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 261.55 494.10 Td (user ) Tj ET Q q 0 0 0 rg BT 280.27 494.10 Td (is ) Tj ET Q q 0 0 0 rg BT 289.01 494.10 Td (a ) Tj ET Q q 0 0 0 rg BT 295.51 494.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 335.33 494.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 381.28 494.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 432.22 494.10 Td (who ) Tj ET Q q 0 0 0 rg BT 451.50 494.10 Td (has ) Tj ET Q q 0 0 0 rg BT 466.90 494.10 Td (used ) Tj ET Q q 0 0 0 rg BT 487.29 494.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 534.90 494.10 Td (at ) Tj ET Q q 0 0 0 rg BT 544.18 494.10 Td (least ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 482.10 Td (once ) Tj ET Q q 0 0 0 rg BT 70.60 482.10 Td (within ) Tj ET Q q 0 0 0 rg BT 98.38 482.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.04 482.10 Td (90-day ) Tj ET Q q 0 0 0 rg BT 135.04 482.10 Td (period ) Tj ET Q q 0 0 0 rg BT 162.81 482.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 204.46 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.90 482.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 274.43 482.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 295.32 482.10 Td (An ) Tj ET Q q 0 0 0 rg BT 309.77 482.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 357.54 482.10 Td (user ) Tj ET Q q 0 0 0 rg BT 376.42 482.10 Td (is ) Tj ET Q q 0 0 0 rg BT 385.32 482.10 Td (a ) Tj ET Q q 0 0 0 rg BT 391.98 482.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 431.97 482.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 478.07 482.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 529.17 482.10 Td (working ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 470.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.80 470.10 Td (an ) Tj ET Q q 0 0 0 rg BT 72.32 470.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 120.95 470.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 161.80 470.10 Td (lender) Tj ET Q q 0 0 0 rg BT 186.38 470.10 Td (, ) Tj ET Q q 0 0 0 rg BT 191.96 470.10 Td (such ) Tj ET Q q 0 0 0 rg BT 213.38 470.10 Td (as ) Tj ET Q q 0 0 0 rg BT 224.79 470.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.31 470.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 273.16 470.10 Td (bank, ) Tj ET Q q 0 0 0 rg BT 298.18 470.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 348.46 470.10 Td (bank, ) Tj ET Q q 0 0 0 rg BT 373.48 470.10 Td (thrift ) Tj ET Q q 0 0 0 rg BT 396.56 470.10 Td (or ) Tj ET Q q 0 0 0 rg BT 407.97 470.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 433.81 470.10 Td (union, ) Tj ET Q q 0 0 0 rg BT 462.17 470.10 Td (which ) Tj ET Q q 0 0 0 rg BT 489.70 470.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 522.77 470.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.29 470.10 Td (funds ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 458.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 73.55 458.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.92 458.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 131.06 458.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 151.78 458.10 Td (these ) Tj ET Q q 0 0 0 rg BT 175.26 458.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 205.96 458.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 230.01 458.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.73 458.10 Td (investors; ) Tj ET Q q 0 0 0 rg BT 282.55 458.10 Td (or ) Tj ET Q q 0 0 0 rg BT 293.82 458.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.19 458.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 341.89 458.10 Td (brokerage, ) Tj ET Q q 0 0 0 rg BT 387.31 458.10 Td (which ) Tj ET Q q 0 0 0 rg BT 414.68 458.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 452.61 458.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 493.87 458.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.24 458.10 Td (submits ) Tj ET Q q 0 0 0 rg BT 545.30 458.10 Td (loan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 446.10 Td (files ) Tj ET Q q 0 0 0 rg BT 69.22 446.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.50 446.10 Td (a ) Tj ET Q q 0 0 0 rg BT 86.43 446.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 126.70 446.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 154.18 446.10 Td (or ) Tj ET Q q 0 0 0 rg BT 165.01 446.10 Td (mega ) Tj ET Q q 0 0 0 rg BT 189.17 446.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 216.65 446.10 Td (that ) Tj ET Q q 0 0 0 rg BT 234.15 446.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 258.87 446.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.59 446.10 Td (loan.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 426.10 Td (Contracted ) Tj ET Q q 0 0 0 rg BT 119.79 426.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 141.09 426.10 Td (users) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.21 426.10 Td (. ) Tj ET Q q 0 0 0 rg BT 165.72 426.10 Td (A) Tj ET Q q 0 0 0 rg BT 172.39 426.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.69 426.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 216.63 426.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 237.93 426.10 Td (user ) Tj ET Q q 0 0 0 rg BT 255.88 426.10 Td (is ) Tj ET Q q 0 0 0 rg BT 263.85 426.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.59 426.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 308.65 426.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 353.83 426.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 404.01 426.10 Td (who ) Tj ET Q q 0 0 0 rg BT 422.53 426.10 Td (has ) Tj ET Q q 0 0 0 rg BT 437.16 426.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.90 426.10 Td (license ) Tj ET Q q 0 0 0 rg BT 471.96 426.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.04 426.10 Td (use ) Tj ET Q q 0 0 0 rg BT 495.66 426.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 516.96 426.10 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 414.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 414.10 Td (has ) Tj ET Q q 0 0 0 rg BT 82.27 414.10 Td (an ) Tj ET Q q 0 0 0 rg BT 94.21 414.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 137.26 414.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.54 414.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 164.48 414.10 Td (for ) Tj ET Q q 0 0 0 rg BT 178.64 414.10 Td (this ) Tj ET Q q 0 0 0 rg BT 195.58 414.10 Td (license, ) Tj ET Q q 0 0 0 rg BT 228.35 414.10 Td (but ) Tj ET Q q 0 0 0 rg BT 243.63 414.10 Td (who ) Tj ET Q q 0 0 0 rg BT 263.35 414.10 Td (is ) Tj ET Q q 0 0 0 rg BT 272.52 414.10 Td (not ) Tj ET Q q 0 0 0 rg BT 287.80 414.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 334.72 414.10 Td (an ) Tj ET Q q 0 0 0 rg BT 346.66 414.10 Td (active ) Tj ET Q q 0 0 0 rg BT 373.03 414.10 Td (user) Tj ET Q q 0 0 0 rg BT 389.14 414.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 393.10 Td (Active ) Tj ET Q q 0 0 0 rg BT 100.32 393.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 122.17 393.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 169.56 393.10 Td (users.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.68 393.10 Td (An ) Tj ET Q q 0 0 0 rg BT 209.74 393.10 Td (active ) Tj ET Q q 0 0 0 rg BT 235.46 393.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 257.30 393.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 304.69 393.10 Td (user ) Tj ET Q q 0 0 0 rg BT 323.19 393.10 Td (is ) Tj ET Q q 0 0 0 rg BT 331.71 393.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.99 393.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 377.59 393.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 423.32 393.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 474.04 393.10 Td (who ) Tj ET Q q 0 0 0 rg BT 493.10 393.10 Td (has ) Tj ET Q q 0 0 0 rg BT 508.28 393.10 Td (used ) Tj ET Q q 0 0 0 rg BT 528.45 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.51 393.10 Td (SaaS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 381.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.55 381.10 Td (system ) Tj ET Q q 0 0 0 rg BT 127.83 381.10 Td (at ) Tj ET Q q 0 0 0 rg BT 137.54 381.10 Td (least ) Tj ET Q q 0 0 0 rg BT 158.37 381.10 Td (once ) Tj ET Q q 0 0 0 rg BT 179.74 381.10 Td (within ) Tj ET Q q 0 0 0 rg BT 207.80 381.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.74 381.10 Td (90-day ) Tj ET Q q 0 0 0 rg BT 245.01 381.10 Td (period ) Tj ET Q q 0 0 0 rg BT 273.05 381.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 314.98 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.70 381.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 385.51 381.10 Td (date.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 360.10 Td (A) Tj ET Q q 0 0 0 rg BT 79.06 360.10 Td (verage ) Tj ET Q q 0 0 0 rg BT 108.92 360.10 Td (active ) Tj ET Q q 0 0 0 rg BT 135.44 360.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 183.64 360.10 Td (users.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.25 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.32 360.10 Td (A) Tj ET Q q 0 0 0 rg BT 215.80 360.10 Td (verage ) Tj ET Q q 0 0 0 rg BT 245.10 360.10 Td (active ) Tj ET Q q 0 0 0 rg BT 271.62 360.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 319.82 360.10 Td (users ) Tj ET Q q 0 0 0 rg BT 343.02 360.10 Td (during ) Tj ET Q q 0 0 0 rg BT 371.78 360.10 Td (a ) Tj ET Q q 0 0 0 rg BT 378.87 360.10 Td (period ) Tj ET Q q 0 0 0 rg BT 407.07 360.10 Td (is ) Tj ET Q q 0 0 0 rg BT 416.39 360.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 459.57 360.10 Td (by ) Tj ET Q q 0 0 0 rg BT 472.22 360.10 Td (averaging ) Tj ET Q q 0 0 0 rg BT 514.30 360.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.17 360.10 Td (monthly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 348.10 Td (active ) Tj ET Q q 0 0 0 rg BT 75.87 348.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 123.92 348.10 Td (users ) Tj ET Q q 0 0 0 rg BT 146.97 348.10 Td (during ) Tj ET Q q 0 0 0 rg BT 175.58 348.10 Td (a ) Tj ET Q q 0 0 0 rg BT 182.52 348.10 Td (period.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 327.10 Td (A) Tj ET Q q 0 0 0 rg BT 79.06 327.10 Td (verage ) Tj ET Q q 0 0 0 rg BT 108.36 327.10 Td (active ) Tj ET Q q 0 0 0 rg BT 134.33 327.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 156.42 327.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 204.07 327.10 Td (users.) 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s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.25 703.6 m 502.25 703.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 54.75 720.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.85 720.83 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 54.75 707.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 353.25 707.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 410.25 707.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 467.45 707.83 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.75 694.28 Td (Revenues \(in thousands\):) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.75 679.27 Td (Total revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.75 679.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.85 679.27 Td (128,481) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.75 679.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.85 679.27 Td (101,845) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.75 679.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.85 679.27 Td (55,494) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.75 664.27 Td (Total contracted revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.75 664.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.85 664.27 Td (72,967) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.75 664.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.85 664.27 Td (48,768) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.75 664.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.85 664.27 Td (30,312) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.75 649.27 Td (Total SaaS Encompass revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.75 649.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.85 649.27 Td (73,698) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.75 649.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.85 649.27 Td (47,940) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.75 649.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.85 649.27 Td (19,803) Tj ET Q BT /F3 10.00 Tf ET q 0 0 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percentage of active) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.75 565.27 Td (Encompass users) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.40 565.27 Td (69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.40 565.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.40 565.27 Td (56) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.40 565.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.40 565.27 Td (45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.40 565.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.75 550.27 Td (Active SaaS Encompass users as a percentage of contracted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.75 540.27 Td (SaaS users) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.40 540.27 Td (67) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.40 540.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.40 540.27 Td (69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.40 540.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.40 540.27 Td (68) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.40 540.27 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.75 526.28 Td (Average users during period:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.75 511.27 Td (Active Encompass users) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.85 511.27 Td (87,276) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.85 511.27 Td (63,993) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.85 511.27 Td (51,455) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.75 496.27 Td (Active SaaS Encompass users) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.85 496.27 Td (55,421) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.85 496.27 Td (33,203) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.85 496.27 Td (19,330) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.75 481.27 Td (Active SaaS Encompass users as a percentage of active) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.75 471.27 Td (Encompass users) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.40 471.27 Td (64) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.40 471.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.40 471.27 Td (52) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.40 471.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.40 471.27 Td (38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.40 471.27 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.75 457.28 Td (Revenue per average user during period:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.75 442.27 Td (Revenue per average active Encompass user) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.75 442.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.90 442.27 Td (1,472) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.75 442.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.90 442.27 Td (1,592) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.75 442.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.90 442.27 Td (1,078) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.75 427.27 Td (SaaS Encompass revenue per average active SaaS Encompass) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.75 417.27 Td (user) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.75 417.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.90 417.27 Td (1,330) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.75 417.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.90 417.27 Td (1,444) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.75 417.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.90 417.27 Td (1,024) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 386.80 Td (Basis ) Tj ET Q q 0 0 0 rg BT 74.23 386.80 Td (of ) Tj ET Q q 0 0 0 rg BT 85.06 386.80 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.43 386.80 Td (esentation) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 370.40 Td (General) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 353.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.44 353.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 142.37 353.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 178.74 353.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 222.34 353.40 Td (include ) Tj ET Q q 0 0 0 rg BT 253.17 353.40 Td (the ) Tj ET Q q 0 0 0 rg BT 266.77 353.40 Td (accounts ) Tj ET Q q 0 0 0 rg BT 303.15 353.40 Td (of ) Tj ET Q q 0 0 0 rg BT 312.87 353.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 333.14 353.40 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 354.79 353.40 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 371.45 353.40 Td (and ) Tj ET Q q 0 0 0 rg BT 387.28 353.40 Td (its ) Tj ET Q q 0 0 0 rg BT 398.12 353.40 Td (wholly ) Tj ET Q q 0 0 0 rg BT 427.28 353.40 Td (owned ) Tj ET Q q 0 0 0 rg BT 455.33 353.40 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 506.13 353.40 Td (All ) Tj ET Q q 0 0 0 rg BT 520.30 353.40 Td (significant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 341.40 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 106.98 341.40 Td (accounts ) Tj ET Q q 0 0 0 rg BT 144.47 341.40 Td (and ) Tj ET Q q 0 0 0 rg BT 161.40 341.40 Td (transactions ) Tj ET Q q 0 0 0 rg BT 211.67 341.40 Td (have ) Tj ET Q q 0 0 0 rg BT 233.04 341.40 Td (been ) Tj ET Q q 0 0 0 rg BT 254.42 341.40 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 299.13 341.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 321.63 341.40 Td (consolidation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 320.40 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 87.55 320.40 Td (Recognition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 303.40 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 303.40 Td (e ) Tj ET Q q 0 0 0 rg BT 88.88 303.40 Td (generate ) Tj ET Q q 0 0 0 rg BT 125.04 303.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 158.99 303.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 198.50 303.40 Td (from ) Tj ET Q q 0 0 0 rg BT 220.25 303.40 Td (transaction-based ) Tj ET Q q 0 0 0 rg BT 292.52 303.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 310.92 303.40 Td (and ) Tj ET Q q 0 0 0 rg BT 327.66 303.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 346.06 303.40 Td (for ) Tj ET Q q 0 0 0 rg BT 360.02 303.40 Td (software ) Tj ET Q q 0 0 0 rg BT 396.75 303.40 Td (and ) Tj ET Q q 0 0 0 rg BT 413.50 303.40 Td (related ) Tj ET Q q 0 0 0 rg BT 443.00 303.40 Td (services. ) Tj ET Q q 0 0 0 rg BT 480.01 303.40 Td ( ) Tj ET Q q 0 0 0 rg BT 482.31 303.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 500.17 303.40 Td (software ) Tj ET Q q 0 0 0 rg BT 536.90 303.40 Td (can ) Tj ET Q q 0 0 0 rg BT 553.08 303.40 Td (be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 291.40 Td (accessed ) Tj ET Q q 0 0 0 rg BT 86.21 291.40 Td (either ) Tj ET Q q 0 0 0 rg BT 110.71 291.40 Td (through ) Tj ET Q q 0 0 0 rg BT 143.55 291.40 Td (a ) Tj ET Q q 0 0 0 rg BT 149.73 291.40 Td (company-hosted ) Tj ET Q q 0 0 0 rg BT 217.55 291.40 Td (subscription ) Tj ET Q q 0 0 0 rg BT 268.18 291.40 Td (or ) Tj ET Q q 0 0 0 rg BT 278.24 291.40 Td (a ) Tj ET Q q 0 0 0 rg BT 284.41 291.40 Td (customer) Tj ET Q q 0 0 0 rg BT 320.87 291.40 Td (-hosted ) Tj ET Q q 0 0 0 rg BT 352.04 291.40 Td (license. ) Tj ET Q q 0 0 0 rg BT 384.04 291.40 Td ( ) Tj ET Q q 0 0 0 rg BT 385.39 291.40 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 434.73 291.40 Td (, ) Tj ET Q q 0 0 0 rg BT 438.96 291.40 Td (our ) Tj ET Q q 0 0 0 rg BT 454.03 291.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 491.30 291.40 Td (are ) Tj ET Q q 0 0 0 rg BT 505.24 291.40 Td (now ) Tj ET Q q 0 0 0 rg BT 524.20 291.40 Td (described ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 279.40 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 279.40 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 107.82 279.40 Td (and ) Tj ET Q q 0 0 0 rg BT 124.75 279.40 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 172.24 279.40 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 212.78 279.40 Td (Sales ) Tj ET Q q 0 0 0 rg BT 236.38 279.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 259.43 279.40 Td (assessed ) Tj ET Q q 0 0 0 rg BT 295.81 279.40 Td (by ) Tj ET Q q 0 0 0 rg BT 308.31 279.40 Td (governmental ) Tj ET Q q 0 0 0 rg BT 365.79 279.40 Td (authorities ) Tj ET Q q 0 0 0 rg BT 410.51 279.40 Td (are ) Tj ET Q q 0 0 0 rg BT 425.21 279.40 Td (excluded ) Tj ET Q q 0 0 0 rg BT 463.81 279.40 Td (from ) Tj ET Q q 0 0 0 rg BT 485.75 279.40 Td (revenue.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 251.83505859374998 m 152.330078125 251.83505859374998 l s q 0 0 0 rg BT 61.50 253.40 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 112.89 253.40 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 236.40 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 123.60 236.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 162.03 236.40 Td (are ) Tj ET Q q 0 0 0 rg BT 177.13 236.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 215.57 236.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 257.32 236.40 Td (from ) Tj ET Q q 0 0 0 rg BT 279.66 236.40 Td (company-hosted ) Tj ET Q q 0 0 0 rg BT 348.64 236.40 Td (software ) Tj ET Q q 0 0 0 rg BT 385.97 236.40 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 441.64 236.40 Td (that ) Tj ET Q q 0 0 0 rg BT 459.53 236.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 502.97 236.40 Td (access ) Tj ET Q q 0 0 0 rg BT 531.40 236.40 Td (through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.40 Td (the ) Tj ET Q q 0 0 0 rg BT 64.39 224.40 Td (Internet ) Tj ET Q q 0 0 0 rg BT 98.16 224.40 Td (as ) Tj ET Q q 0 0 0 rg BT 109.16 224.40 Td (well ) Tj ET Q q 0 0 0 rg BT 129.05 224.40 Td (as ) Tj ET Q q 0 0 0 rg BT 140.05 224.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 178.26 224.40 Td (from ) Tj ET Q q 0 0 0 rg BT 200.38 224.40 Td (a ) Tj ET Q q 0 0 0 rg BT 207.49 224.40 Td (small ) Tj ET Q q 0 0 0 rg BT 231.83 224.40 Td (number ) Tj ET Q q 0 0 0 rg BT 265.05 224.40 Td (of ) Tj ET Q q 0 0 0 rg BT 276.05 224.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 319.27 224.40 Td (that ) Tj ET Q q 0 0 0 rg BT 336.94 224.40 Td (have ) Tj ET Q q 0 0 0 rg BT 358.49 224.40 Td (opted ) Tj ET Q q 0 0 0 rg BT 383.38 224.40 Td (to ) Tj ET Q q 0 0 0 rg BT 393.83 224.40 Td (self-host ) Tj ET Q q 0 0 0 rg BT 430.94 224.40 Td (a ) Tj ET Q q 0 0 0 rg BT 438.05 224.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 469.61 224.40 Td (of ) Tj ET Q q 0 0 0 rg BT 480.62 224.40 Td (the ) Tj ET Q q 0 0 0 rg BT 495.51 224.40 Td (software ) Tj ET Q q 0 0 0 rg BT 532.61 224.40 Td (but ) Tj ET Q q 0 0 0 rg BT 548.06 224.40 Td (pay ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 212.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 68.22 212.40 Td (based ) Tj ET Q q 0 0 0 rg BT 93.60 212.40 Td (on ) Tj ET Q q 0 0 0 rg BT 106.22 212.40 Td (a ) Tj ET Q q 0 0 0 rg BT 113.28 212.40 Td (per ) Tj ET Q q 0 0 0 rg BT 128.67 212.40 Td (closed ) Tj ET Q q 0 0 0 rg BT 156.83 212.40 Td (loan, ) Tj ET Q q 0 0 0 rg BT 179.17 212.40 Td (or ) Tj ET Q q 0 0 0 rg BT 190.12 212.40 Td (success, ) Tj ET Q q 0 0 0 rg BT 225.23 212.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 247.84 212.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 278.79 212.40 Td (to ) Tj ET Q q 0 0 0 rg BT 289.19 212.40 Td (monthly ) Tj ET Q q 0 0 0 rg BT 325.14 212.40 Td (base ) Tj ET Q q 0 0 0 rg BT 345.53 212.40 Td (fees, ) Tj ET Q q 0 0 0 rg BT 366.74 212.40 Td (which) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.18 212.40 Td ( ) Tj ET Q q 0 0 0 rg BT 393.80 212.40 Td (we ) Tj ET Q q 0 0 0 rg BT 408.08 212.40 Td (refer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.57 212.40 Td (to ) Tj ET Q q 0 0 0 rg BT 439.96 212.40 Td (as ) Tj ET Q q 0 0 0 rg BT 450.91 212.40 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 512.96 212.40 Td (Pricing. ) Tj ET Q q 0 0 0 rg BT 546.96 212.40 Td (On-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 200.40 Td (demand ) Tj ET Q q 0 0 0 rg BT 83.66 200.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 121.69 200.40 Td (are ) Tj ET Q q 0 0 0 rg BT 136.40 200.40 Td (also ) Tj ET Q q 0 0 0 rg BT 155.01 200.40 Td (comprised ) Tj ET Q q 0 0 0 rg BT 199.16 200.40 Td (of ) Tj ET Q q 0 0 0 rg BT 209.99 200.40 Td (software ) Tj ET Q q 0 0 0 rg BT 246.92 200.40 Td (services ) Tj ET Q q 0 0 0 rg BT 281.63 200.40 Td (sold ) Tj ET Q q 0 0 0 rg BT 300.80 200.40 Td (transactionally ) Tj ET Q q 0 0 0 rg BT 362.17 200.40 Td (and ) Tj ET Q q 0 0 0 rg BT 379.10 200.40 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 400.49 200.40 Td (Mae ) Tj ET Q q 0 0 0 rg BT 420.75 200.40 Td (Network ) Tj ET Q q 0 0 0 rg BT 458.25 200.40 Td (transaction ) Tj ET Q q 0 0 0 rg BT 504.62 200.40 Td (fees.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 172.83505859374998 m 151.7685546875 172.83505859374998 l s q 0 0 0 rg BT 61.50 174.40 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 112.33 174.40 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 157.40 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 122.69 157.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 160.21 157.40 Td (are ) Tj ET Q q 0 0 0 rg BT 174.41 157.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 211.93 157.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 252.77 157.40 Td (from ) Tj ET Q q 0 0 0 rg BT 274.20 157.40 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 326.71 157.40 Td (services, ) Tj ET Q q 0 0 0 rg BT 363.40 157.40 Td (sales ) Tj ET Q q 0 0 0 rg BT 384.83 157.40 Td (of ) Tj ET Q q 0 0 0 rg BT 395.14 157.40 Td (customer) Tj ET Q q 0 0 0 rg BT 431.60 157.40 Td (-hosted ) Tj ET Q q 0 0 0 rg BT 463.02 157.40 Td (software ) Tj ET Q q 0 0 0 rg BT 499.43 157.40 Td (licenses ) Tj ET Q q 0 0 0 rg BT 533.07 157.40 Td (\(except ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 145.40 Td (for ) Tj ET Q q 0 0 0 rg BT 62.47 145.40 Td (customer) Tj ET Q q 0 0 0 rg BT 98.93 145.40 Td (-hosted ) Tj ET Q q 0 0 0 rg BT 129.68 145.40 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 190.42 145.40 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 220.62 145.40 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 259.97 145.40 Td (which ) Tj ET Q q 0 0 0 rg BT 285.73 145.40 Td (are ) Tj ET Q q 0 0 0 rg BT 299.25 145.40 Td (included ) Tj ET Q q 0 0 0 rg BT 334.99 145.40 Td (in ) Tj ET Q q 0 0 0 rg BT 344.08 145.40 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 390.38 145.40 Td (revenues ) Tj ET Q q 0 0 0 rg BT 427.23 145.40 Td (described ) Tj ET Q q 0 0 0 rg BT 466.86 145.40 Td (above\), ) Tj ET Q q 0 0 0 rg BT 497.88 145.40 Td (and ) Tj ET Q q 0 0 0 rg BT 513.64 145.40 Td (professional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 133.40 Td (services, ) Tj ET Q q 0 0 0 rg BT 86.71 133.40 Td (which ) Tj ET Q q 0 0 0 rg BT 113.65 133.40 Td (include ) Tj ET Q q 0 0 0 rg BT 145.58 133.40 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 192.24 133.40 Td (implementation ) Tj ET Q q 0 0 0 rg BT 257.51 133.40 Td (and ) Tj ET Q q 0 0 0 rg BT 274.45 133.40 Td (training ) Tj ET Q q 0 0 0 rg BT 308.05 133.40 Td (services.) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (32) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Cost ) Tj ET Q q 0 0 0 rg BT 70.34 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 81.17 740.25 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 123.11 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.17 740.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 185.34 740.25 Td (Expenses) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 712.68505859375 m 132.6083984375 712.68505859375 l s q 0 0 0 rg BT 61.50 714.25 Td (Cost ) Tj ET Q q 0 0 0 rg BT 82.34 714.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.17 714.25 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 697.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.68 697.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 108.42 697.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.37 697.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 155.54 697.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 188.83 697.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 227.67 697.25 Td (of: ) Tj ET Q q 0 0 0 rg BT 240.41 697.25 Td (salaries ) Tj ET Q q 0 0 0 rg BT 272.02 697.25 Td (and ) Tj ET Q q 0 0 0 rg BT 288.09 697.25 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 323.87 697.25 Td (including ) Tj ET Q q 0 0 0 rg BT 363.27 697.25 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 412.11 697.25 Td (compensation; 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) Tj ET Q q 0 0 0 rg BT 289.30 558.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.27 558.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 359.33 558.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.18 558.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 407.13 558.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 449.65 558.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 475.50 558.25 Td (such ) Tj ET Q q 0 0 0 rg BT 496.36 558.25 Td (as ) Tj ET Q q 0 0 0 rg BT 507.21 558.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 546.39 558.25 Td (lists ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 546.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.86 546.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 108.16 546.25 Td (W) Tj ET Q q 0 0 0 rg BT 116.80 546.25 Td (e ) Tj ET Q q 0 0 0 rg BT 124.15 546.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 153.17 546.25 Td (that ) Tj ET Q q 0 0 0 rg BT 171.08 546.25 Td (our ) Tj ET Q q 0 0 0 rg BT 187.33 546.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 209.69 546.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.04 546.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 270.51 546.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 305.63 546.25 Td (will ) Tj ET Q q 0 0 0 rg BT 324.11 546.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 361.46 546.25 Td (to ) Tj ET Q q 0 0 0 rg BT 372.16 546.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 407.83 546.25 Td (as ) Tj ET Q q 0 0 0 rg BT 419.08 546.25 Td (we ) Tj ET Q q 0 0 0 rg BT 433.66 546.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 471.01 546.25 Td (to ) Tj ET Q q 0 0 0 rg BT 481.71 546.25 Td (hire ) Tj ET Q q 0 0 0 rg BT 500.17 546.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 543.08 546.25 Td (sales ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 534.25 Td (personnel ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.36 534.25 Td (in ) Tj ET Q q 0 0 0 rg BT 100.12 534.25 Td (order ) Tj ET Q q 0 0 0 rg BT 123.19 534.25 Td (to ) Tj ET Q q 0 0 0 rg BT 132.95 534.25 Td (address ) Tj ET Q q 0 0 0 rg BT 164.92 534.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 210.77 534.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 244.40 534.25 Td (for ) Tj ET Q q 0 0 0 rg BT 258.04 534.25 Td (our ) Tj ET Q q 0 0 0 rg BT 273.35 534.25 Td (software ) Tj ET Q q 0 0 0 rg BT 309.76 534.25 Td (solutions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.88 534.25 Td ( ) Tj ET Q q 0 0 0 rg BT 347.86 534.25 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.17 534.25 Td (we ) Tj ET Q q 0 0 0 rg BT 371.81 534.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 399.89 534.25 Td (an ) Tj ET Q q 0 0 0 rg BT 411.30 534.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 451.04 534.25 Td (number ) Tj ET Q q 0 0 0 rg BT 483.56 534.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.88 534.25 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 533.62 534.25 Td (lenders ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 522.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.70 522.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 86.57 522.25 Td (new ) Tj ET Q q 0 0 0 rg BT 105.66 522.25 Td (platform ) Tj ET Q q 0 0 0 rg BT 142.52 522.25 Td (options ) Tj ET Q q 0 0 0 rg BT 174.39 522.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.26 522.25 Td (replace ) Tj ET Q q 0 0 0 rg BT 222.54 522.25 Td (their ) Tj ET Q q 0 0 0 rg BT 243.30 522.25 Td (legacy ) Tj ET Q q 0 0 0 rg BT 271.82 522.25 Td (systems) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.49 522.25 Td (. ) Tj ET Q q 0 0 0 rg BT 308.24 522.25 Td (W) Tj ET Q q 0 0 0 rg BT 316.87 522.25 Td (e ) Tj ET Q q 0 0 0 rg BT 323.74 522.25 Td (also ) Tj ET Q q 0 0 0 rg BT 342.27 522.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 369.69 522.25 Td (to ) Tj ET Q q 0 0 0 rg BT 379.90 522.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 415.08 522.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 458.04 522.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 496.57 522.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 530.09 522.25 Td (on ) Tj ET Q q 0 0 0 rg BT 542.52 522.25 Td (SaaS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 510.25 Td (Encompass, ) Tj ET Q q 0 0 0 rg BT 100.05 510.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.88 510.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 137.26 510.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 157.53 510.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.52 510.25 Td ( ) Tj ET Q q 0 0 0 rg BT 195.02 510.25 Td (of) Tj ET Q q 0 0 0 rg BT 203.17 510.25 Td (ferings ) Tj ET Q q 0 0 0 rg BT 233.44 510.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.37 510.25 Td (our ) Tj ET Q q 0 0 0 rg BT 266.20 510.25 Td (other ) Tj ET Q q 0 0 0 rg BT 289.25 510.25 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 337.30 510.25 Td (services.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 482.68505859375 m 174.263671875 482.68505859375 l s q 0 0 0 rg BT 61.50 484.25 Td (Research ) Tj ET Q q 0 0 0 rg BT 102.33 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.39 484.25 Td (Development) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 467.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.74 467.25 Td (research ) Tj ET Q q 0 0 0 rg BT 129.74 467.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.86 467.25 Td (development ) Tj ET Q q 0 0 0 rg BT 203.20 467.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 242.99 467.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 274.46 467.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 315.36 467.25 Td (of: ) Tj ET Q q 0 0 0 rg BT 330.16 467.25 Td (salaries ) Tj ET Q q 0 0 0 rg BT 363.83 467.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.96 467.25 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 419.80 467.25 Td (including ) Tj ET Q q 0 0 0 rg BT 461.26 467.25 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 497.17 467.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.30 467.25 Td (stock-based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 455.25 Td (compensation; ) Tj ET Q q 0 0 0 rg BT 110.50 455.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 129.28 455.25 Td (to ) Tj ET Q q 0 0 0 rg BT 139.74 455.25 Td (contractors ) Tj ET Q q 0 0 0 rg BT 186.84 455.25 Td (engaged ) Tj ET Q q 0 0 0 rg BT 222.84 455.25 Td (in ) Tj ET Q q 0 0 0 rg BT 233.30 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.20 455.25 Td (development ) Tj ET Q q 0 0 0 rg BT 302.53 455.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.65 455.25 Td (support ) Tj ET Q q 0 0 0 rg BT 352.33 455.25 Td (of ) Tj ET Q q 0 0 0 rg BT 363.34 455.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.24 455.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 399.80 455.25 Td (Mae ) Tj ET Q q 0 0 0 rg BT 420.25 455.25 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.24 455.25 Td ( ) Tj ET Q q 0 0 0 rg BT 457.92 455.25 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 516.96 455.25 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 443.25 Td (software ) Tj ET Q q 0 0 0 rg BT 86.64 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.79 443.25 Td (other ) Tj ET Q q 0 0 0 rg BT 127.06 443.25 Td (products; ) Tj ET Q q 0 0 0 rg BT 166.99 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.14 443.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 222.94 443.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 260.08 443.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 285.10 443.25 Td (W) Tj ET Q q 0 0 0 rg BT 293.74 443.25 Td (e ) Tj ET Q q 0 0 0 rg BT 300.89 443.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 329.70 443.25 Td (that ) Tj ET Q q 0 0 0 rg BT 347.41 443.25 Td (our ) Tj ET Q q 0 0 0 rg BT 363.45 443.25 Td (research ) Tj ET Q q 0 0 0 rg BT 399.47 443.25 Td (and ) Tj ET Q q 0 0 0 rg BT 416.62 443.25 Td (development ) Tj ET Q q 0 0 0 rg BT 470.99 443.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 509.80 443.25 Td (will ) Tj ET Q q 0 0 0 rg BT 528.07 443.25 Td (continue ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 431.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.56 431.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 94.60 431.25 Td (in ) Tj ET Q q 0 0 0 rg BT 104.67 431.25 Td (absolute ) Tj ET Q q 0 0 0 rg BT 140.28 431.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 169.78 431.25 Td (as ) Tj ET Q q 0 0 0 rg BT 180.39 431.25 Td (we ) Tj ET Q q 0 0 0 rg BT 194.34 431.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 231.06 431.25 Td (to ) Tj ET Q q 0 0 0 rg BT 241.12 431.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 267.29 431.25 Td (in ) Tj ET Q q 0 0 0 rg BT 277.36 431.25 Td (our ) Tj ET Q q 0 0 0 rg BT 292.97 431.25 Td (products ) Tj ET Q q 0 0 0 rg BT 329.70 431.25 Td (and ) Tj ET Q q 0 0 0 rg BT 346.42 431.25 Td (services ) Tj ET Q q 0 0 0 rg BT 380.91 431.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.63 431.25 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 456.28 431.25 Td (including ) Tj ET Q q 0 0 0 rg BT 496.34 431.25 Td (hiring ) Tj ET Q q 0 0 0 rg BT 522.51 431.25 Td (additional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 419.25 Td (engineering ) Tj ET Q q 0 0 0 rg BT 99.20 419.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.14 419.25 Td (product ) Tj ET Q q 0 0 0 rg BT 149.19 419.25 Td (development ) Tj ET Q q 0 0 0 rg BT 203.34 419.25 Td (personnel.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61.5 391.68505859375 m 175.58203125 391.68505859375 l s q 0 0 0 rg BT 61.50 393.25 Td (General ) Tj ET Q q 0 0 0 rg BT 97.33 393.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.02 393.25 Td (Administrative) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 376.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.62 376.25 Td (general ) Tj ET Q q 0 0 0 rg BT 125.61 376.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.62 376.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 204.40 376.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 244.07 376.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 275.41 376.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 316.20 376.25 Td (of: ) Tj ET Q q 0 0 0 rg BT 330.87 376.25 Td (salaries ) Tj ET Q q 0 0 0 rg BT 364.43 376.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.44 376.25 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 420.16 376.25 Td (including ) Tj ET Q q 0 0 0 rg BT 461.50 376.25 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 497.29 376.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.30 376.25 Td (stock-based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 364.25 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 109.87 364.25 Td (for ) Tj ET Q q 0 0 0 rg BT 123.86 364.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 168.95 364.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 206.28 364.25 Td (in ) Tj ET Q q 0 0 0 rg BT 216.38 364.25 Td (finance, ) Tj ET Q q 0 0 0 rg BT 250.64 364.25 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 299.34 364.25 Td (human ) Tj ET Q q 0 0 0 rg BT 328.88 364.25 Td (resources, ) Tj ET Q q 0 0 0 rg BT 371.47 364.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 431.01 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.78 364.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 469.54 364.25 Td (roles; ) Tj ET Q q 0 0 0 rg BT 494.08 364.25 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 540.58 364.25 Td (legal, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 352.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 98.01 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 117.09 352.25 Td (other ) Tj ET Q q 0 0 0 rg BT 142.28 352.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 195.79 352.25 Td (services ) Tj ET Q q 0 0 0 rg BT 232.64 352.25 Td (by ) Tj ET Q q 0 0 0 rg BT 247.28 352.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 294.68 352.25 Td (providers; ) Tj ET Q q 0 0 0 rg BT 339.87 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.95 352.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 399.68 352.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 438.74 352.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 465.55 352.25 Td (W) Tj ET Q q 0 0 0 rg BT 474.19 352.25 Td (e ) Tj ET Q q 0 0 0 rg BT 483.26 352.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 514.00 352.25 Td (general ) Tj ET Q q 0 0 0 rg BT 548.06 352.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 340.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 108.49 340.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 146.38 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.95 340.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 192.17 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 201.73 340.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 236.27 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 245.84 340.25 Td (absolute ) Tj ET Q q 0 0 0 rg BT 280.95 340.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 309.95 340.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 348.95 340.25 Td (due ) Tj ET Q q 0 0 0 rg BT 365.18 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 374.74 340.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 404.29 340.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 439.96 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 450.08 340.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 472.97 340.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 530.30 340.25 Td (expense ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 328.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 82.54 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 92.82 328.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 123.64 328.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 156.13 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.40 328.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 193.88 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.82 328.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 236.09 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.80 328.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 296.07 328.25 Td (needed ) Tj ET Q q 0 0 0 rg BT 326.88 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 337.16 328.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 374.09 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.37 328.25 Td (grow ) Tj ET Q q 0 0 0 rg BT 407.42 328.25 Td (our ) Tj ET Q q 0 0 0 rg BT 423.25 328.25 Td (business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 307.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 75.89 307.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 109.50 307.25 Td (\(Expense\), ) Tj ET Q q 0 0 0 rg BT 156.16 307.25 Td (Net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 290.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 98.95 290.25 Td (income ) Tj ET Q q 0 0 0 rg BT 131.07 290.25 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 175.13 290.25 Td (net ) Tj ET Q q 0 0 0 rg BT 190.03 290.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 224.38 290.25 Td (of ) Tj ET Q q 0 0 0 rg BT 235.40 290.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 267.52 290.25 Td (income ) Tj ET Q q 0 0 0 rg BT 299.64 290.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 328.97 290.25 Td (on ) Tj ET Q q 0 0 0 rg BT 341.65 290.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 394.61 290.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 415.07 290.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 452.74 290.25 Td (and ) Tj ET Q q 0 0 0 rg BT 469.86 290.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 493.66 290.25 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 539.92 290.25 Td (of) Tj ET Q q 0 0 0 rg BT 548.07 290.25 Td (fset ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 278.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.06 278.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 108.50 278.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 144.94 278.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 198.04 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.03 278.25 Td (imputed ) Tj ET Q q 0 0 0 rg BT 250.36 278.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 282.35 278.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 317.12 278.25 Td (related ) Tj ET Q q 0 0 0 rg BT 346.88 278.25 Td (to ) Tj ET Q q 0 0 0 rg BT 357.21 278.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.99 278.25 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.32 278.25 Td ( ) Tj ET Q q 0 0 0 rg BT 397.88 278.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 444.32 278.25 Td (holdback ) Tj ET Q q 0 0 0 rg BT 483.53 278.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 524.42 278.25 Td (\(see ) Tj ET Q q 0 0 0 rg BT 543.07 278.25 Td (Note ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 266.25 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.50 266.25 Td ( ) Tj ET Q q 0 0 0 rg BT 57.00 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 67.83 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.55 266.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 108.38 266.25 Td (to ) Tj ET Q q 0 0 0 rg BT 118.66 266.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 173.93 266.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 213.64 266.25 Td (Statements\) ) Tj ET Q q 0 0 0 rg BT 263.35 266.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.29 266.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 312.22 266.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 346.93 266.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 366.65 266.25 Td (on ) Tj ET Q q 0 0 0 rg BT 379.15 266.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 423.86 266.25 Td (and ) Tj ET Q q 0 0 0 rg BT 440.80 266.25 Td (software ) Tj ET Q q 0 0 0 rg BT 477.73 266.25 Td (leases.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 239.95 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.21 239.95 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 135.60 239.95 Td (Policies ) Tj ET Q q 0 0 0 rg BT 170.32 239.95 Td (and ) Tj ET Q q 0 0 0 rg BT 188.94 239.95 Td (Estimates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 223.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.43 223.55 Td (discussion ) Tj ET Q q 0 0 0 rg BT 136.47 223.55 Td (and ) Tj ET Q q 0 0 0 rg BT 154.28 223.55 Td (analysis ) Tj ET Q q 0 0 0 rg BT 189.87 223.55 Td (of ) Tj ET Q q 0 0 0 rg BT 201.58 223.55 Td (our ) Tj ET Q q 0 0 0 rg BT 218.28 223.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 256.64 223.55 Td (condition ) Tj ET Q q 0 0 0 rg BT 297.78 223.55 Td (and ) Tj ET Q q 0 0 0 rg BT 315.60 223.55 Td (results ) Tj ET Q q 0 0 0 rg BT 345.08 223.55 Td (of ) Tj ET Q q 0 0 0 rg BT 356.78 223.55 Td (operations ) Tj ET Q q 0 0 0 rg BT 401.81 223.55 Td (are ) Tj ET Q q 0 0 0 rg BT 417.39 223.55 Td (based ) Tj ET Q q 0 0 0 rg BT 443.54 223.55 Td (on ) Tj ET Q q 0 0 0 rg BT 456.91 223.55 Td (our ) Tj ET Q q 0 0 0 rg BT 473.61 223.55 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.53 223.55 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 211.55 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.49 211.55 Td (which ) Tj ET Q q 0 0 0 rg BT 121.71 211.55 Td (are ) Tj ET Q q 0 0 0 rg BT 136.70 211.55 Td (prepared ) Tj ET Q q 0 0 0 rg BT 174.46 211.55 Td (in ) Tj ET Q q 0 0 0 rg BT 185.02 211.55 Td (accordance ) Tj ET Q q 0 0 0 rg BT 232.76 211.55 Td (with ) Tj ET Q q 0 0 0 rg BT 253.32 211.55 Td (generally ) Tj ET Q q 0 0 0 rg BT 293.30 211.55 Td (accepted ) Tj ET Q q 0 0 0 rg BT 331.05 211.55 Td (accounting ) Tj ET Q q 0 0 0 rg BT 377.70 211.55 Td (principles ) Tj ET Q q 0 0 0 rg BT 419.92 211.55 Td (in ) Tj ET Q q 0 0 0 rg BT 430.48 211.55 Td (the ) Tj ET Q q 0 0 0 rg BT 445.47 211.55 Td (United ) Tj ET Q q 0 0 0 rg BT 475.47 211.55 Td (States, ) Tj ET Q q 0 0 0 rg BT 504.64 211.55 Td (or ) Tj ET Q q 0 0 0 rg BT 515.75 211.55 Td (GAAP) Tj ET Q q 0 0 0 rg BT 541.87 211.55 Td (. ) Tj ET Q q 0 0 0 rg BT 546.95 211.55 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 199.55 Td (preparation ) Tj ET Q q 0 0 0 rg BT 98.54 199.55 Td (of ) Tj ET Q q 0 0 0 rg BT 110.38 199.55 Td (these ) Tj ET Q q 0 0 0 rg BT 134.43 199.55 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 188.48 199.55 Td (financial ) Tj ET Q q 0 0 0 rg BT 226.97 199.55 Td (statements ) Tj ET Q q 0 0 0 rg BT 272.69 199.55 Td (requires ) Tj ET Q q 0 0 0 rg BT 308.41 199.55 Td (us ) Tj ET Q q 0 0 0 rg BT 320.81 199.55 Td (to ) Tj ET Q q 0 0 0 rg BT 332.10 199.55 Td (make ) Tj ET Q q 0 0 0 rg BT 357.26 199.55 Td (estimates ) Tj ET Q q 0 0 0 rg BT 397.98 199.55 Td (and ) Tj ET Q q 0 0 0 rg BT 415.93 199.55 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 468.88 199.55 Td (that ) Tj ET Q q 0 0 0 rg BT 487.39 199.55 Td (af) Tj ET Q q 0 0 0 rg BT 494.97 199.55 Td (fect ) Tj ET Q q 0 0 0 rg BT 513.47 199.55 Td (the ) Tj ET Q q 0 0 0 rg BT 529.19 199.55 Td (reported ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 187.55 Td (amounts ) Tj ET Q q 0 0 0 rg BT 85.13 187.55 Td (of ) Tj ET Q q 0 0 0 rg BT 95.20 187.55 Td (assets, ) Tj ET Q q 0 0 0 rg BT 122.77 187.55 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 164.23 187.55 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 204.01 187.55 Td (expenses ) Tj ET Q q 0 0 0 rg BT 241.85 187.55 Td (and ) Tj ET Q q 0 0 0 rg BT 258.03 187.55 Td (related ) Tj ET Q q 0 0 0 rg BT 286.98 187.55 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 335.53 187.55 Td (W) Tj ET Q q 0 0 0 rg BT 344.17 187.55 Td (e ) Tj ET Q q 0 0 0 rg BT 350.35 187.55 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 385.40 187.55 Td (our ) Tj ET Q q 0 0 0 rg BT 400.48 187.55 Td (estimates ) Tj ET Q q 0 0 0 rg BT 439.43 187.55 Td (and ) Tj ET Q q 0 0 0 rg BT 455.61 187.55 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 506.80 187.55 Td (on ) Tj ET Q q 0 0 0 rg BT 518.54 187.55 Td (an ) Tj ET Q q 0 0 0 rg BT 529.72 187.55 Td (ongoing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 175.55 Td (basis. ) Tj ET Q q 0 0 0 rg BT 74.52 175.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.59 175.55 Td (estimates ) Tj ET Q q 0 0 0 rg BT 132.33 175.55 Td (are ) Tj ET Q q 0 0 0 rg BT 147.05 175.55 Td (based ) Tj ET Q q 0 0 0 rg BT 172.34 175.55 Td (on ) Tj ET Q q 0 0 0 rg BT 184.87 175.55 Td (historical ) Tj ET Q q 0 0 0 rg BT 224.60 175.55 Td (experience ) Tj ET Q q 0 0 0 rg BT 270.42 175.55 Td (and ) Tj ET Q q 0 0 0 rg BT 287.38 175.55 Td (various ) Tj ET Q q 0 0 0 rg BT 319.34 175.55 Td (other ) Tj ET Q q 0 0 0 rg BT 342.41 175.55 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 394.38 175.55 Td (that ) Tj ET Q q 0 0 0 rg BT 411.89 175.55 Td (we ) Tj ET Q q 0 0 0 rg BT 426.07 175.55 Td (believe ) Tj ET Q q 0 0 0 rg BT 457.47 175.55 Td (to ) Tj ET Q q 0 0 0 rg BT 467.77 175.55 Td (be ) Tj ET Q q 0 0 0 rg BT 479.73 175.55 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 525.00 175.55 Td (under ) Tj ET Q q 0 0 0 rg BT 550.29 175.55 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 163.55 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 111.14 163.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 129.19 163.55 Td (actual ) Tj ET Q q 0 0 0 rg BT 155.56 163.55 Td (results ) Tj ET Q q 0 0 0 rg BT 184.17 163.55 Td (could ) Tj ET Q q 0 0 0 rg BT 208.89 163.55 Td (dif) Tj ET Q q 0 0 0 rg BT 219.82 163.55 Td (fer ) Tj ET Q q 0 0 0 rg BT 233.42 163.55 Td (from ) Tj ET Q q 0 0 0 rg BT 255.35 163.55 Td (these ) Tj ET Q q 0 0 0 rg BT 278.40 163.55 Td (estimates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 147.15 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 147.15 Td (e ) Tj ET Q q 0 0 0 rg BT 87.25 147.15 Td (believe ) Tj ET Q q 0 0 0 rg BT 117.80 147.15 Td (that ) Tj ET Q q 0 0 0 rg BT 134.47 147.15 Td (the ) Tj ET Q q 0 0 0 rg BT 148.37 147.15 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 199.49 147.15 Td (and ) Tj ET Q q 0 0 0 rg BT 215.60 147.15 Td (estimates ) Tj ET Q q 0 0 0 rg BT 254.49 147.15 Td (associated ) Tj ET Q q 0 0 0 rg BT 297.26 147.15 Td (with ) Tj ET Q q 0 0 0 rg BT 316.72 147.15 Td (revenue ) Tj ET Q q 0 0 0 rg BT 350.04 147.15 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 399.76 147.15 Td (income ) Tj ET Q q 0 0 0 rg BT 430.87 147.15 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 455.59 147.15 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 504.47 147.15 Td (compensation, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 135.15 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 87.13 135.15 Td (and ) Tj ET Q q 0 0 0 rg BT 103.64 135.15 Td (intangible ) Tj ET Q q 0 0 0 rg BT 145.70 135.15 Td (assets, ) Tj ET Q q 0 0 0 rg BT 173.60 135.15 Td (fair ) Tj ET Q q 0 0 0 rg BT 189.55 135.15 Td (value ) Tj ET Q q 0 0 0 rg BT 213.28 135.15 Td (of ) Tj ET Q q 0 0 0 rg BT 223.68 135.15 Td (investments, ) Tj ET Q q 0 0 0 rg BT 276.03 135.15 Td (deferred ) Tj ET Q q 0 0 0 rg BT 311.40 135.15 Td (commissions ) Tj ET Q q 0 0 0 rg BT 365.70 135.15 Td (and ) Tj ET Q q 0 0 0 rg BT 382.21 135.15 Td (software ) Tj ET Q q 0 0 0 rg BT 418.71 135.15 Td (and ) Tj ET Q q 0 0 0 rg BT 435.22 135.15 Td (website ) Tj ET Q q 0 0 0 rg BT 467.84 135.15 Td (development ) Tj ET Q q 0 0 0 rg BT 521.56 135.15 Td (costs ) Tj ET Q q 0 0 0 rg BT 543.63 135.15 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 123.15 Td (the ) Tj ET Q q 0 0 0 rg BT 64.30 123.15 Td (greatest ) Tj ET Q q 0 0 0 rg BT 97.98 123.15 Td (potential ) Tj ET Q q 0 0 0 rg BT 135.55 123.15 Td (impact ) Tj ET Q q 0 0 0 rg BT 165.35 123.15 Td (on ) Tj ET Q q 0 0 0 rg BT 177.94 123.15 Td (our ) Tj ET Q q 0 0 0 rg BT 193.85 123.15 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 246.98 123.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 284.54 123.15 Td (statements. ) Tj ET Q q 0 0 0 rg BT 331.65 123.15 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 376.15 123.15 Td (we ) Tj ET Q q 0 0 0 rg BT 390.39 123.15 Td (consider ) Tj ET Q q 0 0 0 rg BT 426.85 123.15 Td (these ) Tj ET Q q 0 0 0 rg BT 449.99 123.15 Td (to ) Tj ET Q q 0 0 0 rg BT 460.35 123.15 Td (be ) Tj ET Q q 0 0 0 rg BT 472.37 123.15 Td (our ) Tj ET Q q 0 0 0 rg BT 488.29 123.15 Td (critical ) Tj ET Q q 0 0 0 rg BT 518.63 123.15 Td (accounting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 111.15 Td (policies ) Tj ET Q q 0 0 0 rg BT 83.85 111.15 Td (and ) Tj ET Q q 0 0 0 rg BT 101.54 111.15 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 144.50 111.15 Td (For ) Tj ET Q q 0 0 0 rg BT 161.64 111.15 Td (further ) Tj ET Q q 0 0 0 rg BT 192.10 111.15 Td (information ) Tj ET Q q 0 0 0 rg BT 242.56 111.15 Td (on ) Tj ET Q q 0 0 0 rg BT 255.81 111.15 Td (all ) Tj ET Q q 0 0 0 rg BT 269.06 111.15 Td (of ) Tj ET Q q 0 0 0 rg BT 280.64 111.15 Td (our ) Tj ET Q q 0 0 0 rg BT 297.21 111.15 Td (significant ) Tj ET Q q 0 0 0 rg BT 342.68 111.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 389.80 111.15 Td (policies, ) Tj ET Q q 0 0 0 rg BT 426.65 111.15 Td (please ) Tj ET Q q 0 0 0 rg BT 454.89 111.15 Td (see ) Tj ET Q q 0 0 0 rg BT 470.90 111.15 Td (Note) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.84 111.15 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.84 111.15 Td ( ) Tj ET Q q 0 0 0 rg BT 501.09 111.15 Td (of ) Tj ET Q q 0 0 0 rg BT 512.67 111.15 Td (the ) Tj ET Q q 0 0 0 rg BT 528.14 111.15 Td (Notes ) Tj ET Q q 0 0 0 rg BT 554.72 111.15 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 99.15 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.77 99.15 Td (Financial ) Tj ET Q q 0 0 0 rg BT 144.49 99.15 Td (Statements.) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (33) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 740.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 89.55 740.25 Td (Recognition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 723.85 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 723.85 Td (e ) Tj ET Q q 0 0 0 rg BT 88.08 723.85 Td (generate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.44 723.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 158.58 723.85 Td (primarily ) Tj ET Q q 0 0 0 rg BT 198.30 723.85 Td (from ) Tj ET Q q 0 0 0 rg BT 220.23 723.85 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 267.72 723.85 Td (and ) Tj ET Q q 0 0 0 rg BT 284.66 723.85 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 332.14 723.85 Td (fees ) Tj ET Q q 0 0 0 rg BT 350.74 723.85 Td (for ) Tj ET Q q 0 0 0 rg BT 364.90 723.85 Td (software ) Tj ET Q q 0 0 0 rg BT 401.83 723.85 Td (and ) Tj ET Q q 0 0 0 rg BT 418.77 723.85 Td (related ) Tj ET Q q 0 0 0 rg BT 448.47 723.85 Td (services.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.18 723.85 Td ( ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 696.28505859375 m 166.5517578125 696.28505859375 l s q 0 0 0 rg BT 73.50 697.85 Td (On-Demand ) Tj ET Q q 0 0 0 rg BT 127.11 697.85 Td (Revenues) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.50 681.45 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 127.77 681.45 Td (Services ) Tj ET Q q 0 0 0 rg BT 165.80 681.45 Td (and ) Tj ET Q q 0 0 0 rg BT 185.52 681.45 Td (Usage-Based ) Tj ET Q q 0 0 0 rg BT 243.55 681.45 Td (Fee ) Tj ET Q q 0 0 0 rg BT 262.91 681.45 Td (Arrangements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.07 681.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.79 681.45 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 382.06 681.45 Td (services ) Tj ET Q q 0 0 0 rg BT 418.98 681.45 Td (and ) Tj ET Q q 0 0 0 rg BT 438.13 681.45 Td (usage-based ) Tj ET Q q 0 0 0 rg BT 491.71 681.45 Td (fee ) Tj ET Q q 0 0 0 rg BT 508.64 681.45 Td (arrangements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 669.45 Td (generally ) Tj ET Q q 0 0 0 rg BT 91.29 669.45 Td (include ) Tj ET Q q 0 0 0 rg BT 125.31 669.45 Td (a ) Tj ET Q q 0 0 0 rg BT 134.33 669.45 Td (combination ) Tj ET Q q 0 0 0 rg BT 188.91 669.45 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.24 669.45 Td ( ) Tj ET Q q 0 0 0 rg BT 201.82 669.45 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.74 669.45 Td (products ) Tj ET Q q 0 0 0 rg BT 258.76 669.45 Td (delivered ) Tj ET Q q 0 0 0 rg BT 300.55 669.45 Td (as ) Tj ET Q q 0 0 0 rg BT 313.46 669.45 Td (software-as-a-service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.97 669.45 Td (, ) Tj ET Q q 0 0 0 rg BT 406.05 669.45 Td (or ) Tj ET Q q 0 0 0 rg BT 418.97 669.45 Td (SaaS, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.05 669.45 Td (and ) Tj ET Q q 0 0 0 rg BT 465.08 669.45 Td (support ) Tj ET Q q 0 0 0 rg BT 499.66 669.45 Td (services. ) Tj ET Q q 0 0 0 rg BT 538.62 669.45 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 657.45 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 105.86 657.45 Td (are ) Tj ET Q q 0 0 0 rg BT 120.57 657.45 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 183.59 657.45 Td (and ) Tj ET Q q 0 0 0 rg BT 200.53 657.45 Td (do ) Tj ET Q q 0 0 0 rg BT 213.03 657.45 Td (not ) Tj ET Q q 0 0 0 rg BT 228.30 657.45 Td (contain ) Tj ET Q q 0 0 0 rg BT 260.24 657.45 Td (refund-type ) Tj ET Q q 0 0 0 rg BT 309.38 657.45 Td (provisions. ) Tj ET Q q 0 0 0 rg BT 355.87 657.45 Td (These ) Tj ET Q q 0 0 0 rg BT 382.25 657.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 420.29 657.45 Td (generally ) Tj ET Q q 0 0 0 rg BT 459.99 657.45 Td (include ) Tj ET Q q 0 0 0 rg BT 491.92 657.45 Td (the ) Tj ET Q q 0 0 0 rg BT 506.64 657.45 Td (following:) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 94.50 641.05 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 117.66 641.05 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 166.37 641.05 Td (Revenues.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.62 641.05 Td ( ) Tj ET Q q 0 0 0 rg BT 209.55 641.05 Td (W) Tj ET Q q 0 0 0 rg BT 218.19 641.05 Td (e ) Tj ET Q q 0 0 0 rg BT 225.79 641.05 Td (of) Tj ET Q q 0 0 0 rg BT 233.94 641.05 Td (fer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.19 641.05 Td (web-based, ) Tj ET Q q 0 0 0 rg BT 296.61 641.05 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 344.75 641.05 Td (access ) Tj ET Q q 0 0 0 rg BT 373.45 641.05 Td (to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.23 641.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.38 641.05 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 433.09 641.05 Td (for ) Tj ET Q q 0 0 0 rg BT 447.91 641.05 Td (a ) Tj ET Q q 0 0 0 rg BT 455.50 641.05 Td (monthly ) Tj ET Q q 0 0 0 rg BT 492.00 641.05 Td (recurring ) Tj ET Q q 0 0 0 rg BT 531.80 641.05 Td (fee.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.51 641.05 Td ( ) Tj ET Q q 0 0 0 rg BT 549.44 641.05 Td (W) Tj ET Q q 0 0 0 rg BT 558.08 641.05 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 629.05 Td (provide ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.44 629.05 Td (the ) Tj ET Q q 0 0 0 rg BT 120.56 629.05 Td (right ) Tj ET Q q 0 0 0 rg BT 142.34 629.05 Td (to ) Tj ET Q q 0 0 0 rg BT 153.02 629.05 Td (access) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.55 629.05 Td ( ) Tj ET Q q 0 0 0 rg BT 181.45 629.05 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.68 629.05 Td (loan ) Tj ET Q q 0 0 0 rg BT 217.79 629.05 Td (origination ) Tj ET Q q 0 0 0 rg BT 264.57 629.05 Td (software ) Tj ET Q q 0 0 0 rg BT 301.90 629.05 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.33 629.05 Td ( ) Tj ET Q q 0 0 0 rg BT 319.23 629.05 Td (handle ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.78 629.05 Td (the ) Tj ET Q q 0 0 0 rg BT 363.90 629.05 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 421.24 629.05 Td (of ) Tj ET Q q 0 0 0 rg BT 432.46 629.05 Td (managing ) Tj ET Q q 0 0 0 rg BT 474.80 629.05 Td (the ) Tj ET Q q 0 0 0 rg BT 489.91 629.05 Td (servers, ) Tj ET Q q 0 0 0 rg BT 523.63 629.05 Td (providing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 617.05 Td (security) Tj ET Q q 0 0 0 rg BT 103.01 617.05 Td (, ) Tj ET Q q 0 0 0 rg BT 108.04 617.05 Td (backing ) Tj ET Q q 0 0 0 rg BT 142.23 617.05 Td (up ) Tj ET Q q 0 0 0 rg BT 154.76 617.05 Td (the ) Tj ET Q q 0 0 0 rg BT 169.51 617.05 Td (data ) Tj ET Q q 0 0 0 rg BT 188.70 617.05 Td (and ) Tj ET Q q 0 0 0 rg BT 205.67 617.05 Td (applying ) Tj ET Q q 0 0 0 rg BT 243.20 617.05 Td (updates; ) Tj ET Q q 0 0 0 rg BT 279.06 617.05 Td (however) Tj ET Q q 0 0 0 rg BT 313.09 617.05 Td (, ) Tj ET Q q 0 0 0 rg BT 318.12 617.05 Td (except ) Tj ET Q q 0 0 0 rg BT 346.75 617.05 Td (where ) Tj ET Q q 0 0 0 rg BT 373.71 617.05 Td (customers ) Tj ET Q q 0 0 0 rg BT 416.79 617.05 Td (self-host ) Tj ET Q q 0 0 0 rg BT 453.76 617.05 Td (a ) Tj ET Q q 0 0 0 rg BT 460.73 617.05 Td (portion ) Tj ET Q q 0 0 0 rg BT 492.15 617.05 Td (of ) Tj ET Q q 0 0 0 rg BT 503.01 617.05 Td (the ) Tj ET Q q 0 0 0 rg BT 517.76 617.05 Td (software ) Tj ET Q q 0 0 0 rg BT 554.73 617.05 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 605.05 Td (a ) Tj ET Q q 0 0 0 rg BT 78.75 605.05 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 140.48 605.05 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 171.68 605.05 Td (structure, ) Tj ET Q q 0 0 0 rg BT 211.47 605.05 Td (customers ) Tj ET Q q 0 0 0 rg BT 254.33 605.05 Td (under ) Tj ET Q q 0 0 0 rg BT 279.41 605.05 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 301.71 605.05 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 357.89 605.05 Td (may ) Tj ET Q q 0 0 0 rg BT 377.41 605.05 Td (not ) Tj ET Q q 0 0 0 rg BT 392.50 605.05 Td (take ) Tj ET Q q 0 0 0 rg BT 411.46 605.05 Td (possession ) Tj ET Q q 0 0 0 rg BT 456.55 605.05 Td (of ) Tj ET Q q 0 0 0 rg BT 467.19 605.05 Td (the ) Tj ET Q q 0 0 0 rg BT 481.72 605.05 Td (software ) Tj ET Q q 0 0 0 rg BT 518.46 605.05 Td (at ) Tj ET Q q 0 0 0 rg BT 527.98 605.05 Td (any ) Tj ET Q q 0 0 0 rg BT 544.73 605.05 Td (time ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 593.05 Td (during ) Tj ET Q q 0 0 0 rg BT 101.20 593.05 Td (the ) Tj ET Q q 0 0 0 rg BT 116.52 593.05 Td (term ) Tj ET Q q 0 0 0 rg BT 137.94 593.05 Td (of ) Tj ET Q q 0 0 0 rg BT 149.36 593.05 Td (the ) Tj ET Q q 0 0 0 rg BT 164.68 593.05 Td (agreement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.82 593.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.91 593.05 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 265.56 593.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 304.20 593.05 Td (are ) Tj ET Q q 0 0 0 rg BT 319.50 593.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 366.46 593.05 Td (ratably ) Tj ET Q q 0 0 0 rg BT 397.32 593.05 Td (over ) Tj ET Q q 0 0 0 rg BT 418.18 593.05 Td (the ) Tj ET Q q 0 0 0 rg BT 433.49 593.05 Td (contract ) Tj ET Q q 0 0 0 rg BT 468.79 593.05 Td (terms ) Tj ET Q q 0 0 0 rg BT 494.10 593.05 Td (beginning ) Tj ET Q q 0 0 0 rg BT 537.20 593.05 Td (on ) Tj ET Q q 0 0 0 rg BT 550.29 593.05 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 581.05 Td (commencement ) Tj ET Q q 0 0 0 rg BT 138.25 581.05 Td (date ) Tj ET Q q 0 0 0 rg BT 157.84 581.05 Td (of ) Tj ET Q q 0 0 0 rg BT 169.12 581.05 Td (each ) Tj ET Q q 0 0 0 rg BT 190.37 581.05 Td (contract, ) Tj ET Q q 0 0 0 rg BT 228.02 581.05 Td (which ) Tj ET Q q 0 0 0 rg BT 255.40 581.05 Td (is ) Tj ET Q q 0 0 0 rg BT 265.01 581.05 Td (the ) Tj ET Q q 0 0 0 rg BT 280.17 581.05 Td (date ) Tj ET Q q 0 0 0 rg BT 299.77 581.05 Td (the ) Tj ET Q q 0 0 0 rg BT 314.92 581.05 Td (Company) Tj ET Q q 0 0 0 rg BT 356.59 581.05 Td (s ) Tj ET Q q 0 0 0 rg BT 363.42 581.05 Td (service ) Tj ET Q q 0 0 0 rg BT 394.68 581.05 Td (is ) Tj ET Q q 0 0 0 rg BT 404.29 581.05 Td (made ) Tj ET Q q 0 0 0 rg BT 428.89 581.05 Td (available ) Tj ET Q q 0 0 0 rg BT 467.92 581.05 Td (to ) Tj ET Q q 0 0 0 rg BT 478.64 581.05 Td (customers.Contracts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 569.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 112.46 569.05 Td (range ) Tj ET Q q 0 0 0 rg BT 137.92 569.05 Td (from) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.36 569.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.62 569.05 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.05 569.05 Td ( ) Tj ET Q q 0 0 0 rg BT 178.31 569.05 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.34 569.05 Td (five ) Tj ET Q q 0 0 0 rg BT 208.15 569.05 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.25 569.05 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.28 569.05 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 286.39 569.05 Td (, ) Tj ET Q q 0 0 0 rg BT 292.15 569.05 Td (customers ) Tj ET Q q 0 0 0 rg BT 335.95 569.05 Td (can ) Tj ET Q q 0 0 0 rg BT 353.08 569.05 Td (elect ) Tj ET Q q 0 0 0 rg BT 375.21 569.05 Td (to ) Tj ET Q q 0 0 0 rg BT 386.25 569.05 Td (pay ) Tj ET Q q 0 0 0 rg BT 403.94 569.05 Td (on ) Tj ET Q q 0 0 0 rg BT 417.20 569.05 Td (a ) Tj ET Q q 0 0 0 rg BT 424.89 569.05 Td (per ) Tj ET Q q 0 0 0 rg BT 440.91 569.05 Td (closed ) Tj ET Q q 0 0 0 rg BT 469.72 569.05 Td (loan, ) Tj ET Q q 0 0 0 rg BT 492.69 569.05 Td (or ) Tj ET Q q 0 0 0 rg BT 504.28 569.05 Td (success, ) Tj ET Q q 0 0 0 rg BT 540.02 569.05 Td (basis. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 557.05 Td (Success ) Tj ET Q q 0 0 0 rg BT 105.24 557.05 Td (basis ) Tj ET Q q 0 0 0 rg BT 126.82 557.05 Td (contracts ) Tj ET Q q 0 0 0 rg BT 164.50 557.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 203.28 557.05 Td (have ) Tj ET Q q 0 0 0 rg BT 223.74 557.05 Td (a ) Tj ET Q q 0 0 0 rg BT 229.76 557.05 Td (term ) Tj ET Q q 0 0 0 rg BT 249.66 557.05 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.99 557.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.58 557.05 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.01 557.05 Td ( ) Tj ET Q q 0 0 0 rg BT 275.59 557.05 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.95 557.05 Td (five ) Tj ET Q q 0 0 0 rg BT 302.08 557.05 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.18 557.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.76 557.05 Td (and ) Tj ET Q q 0 0 0 rg BT 340.78 557.05 Td (are ) Tj ET Q q 0 0 0 rg BT 354.57 557.05 Td (subject ) Tj ET Q q 0 0 0 rg BT 384.48 557.05 Td (to ) Tj ET Q q 0 0 0 rg BT 393.83 557.05 Td (monthly ) Tj ET Q q 0 0 0 rg BT 428.75 557.05 Td (base ) Tj ET Q q 0 0 0 rg BT 448.10 557.05 Td (fees, ) Tj ET Q q 0 0 0 rg BT 468.28 557.05 Td (which ) Tj ET Q q 0 0 0 rg BT 494.30 557.05 Td (enable ) Tj ET Q q 0 0 0 rg BT 521.97 557.05 Td (customers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 545.05 Td (to ) Tj ET Q q 0 0 0 rg BT 82.47 545.05 Td (close ) Tj ET Q q 0 0 0 rg BT 105.71 545.05 Td (loans ) Tj ET Q q 0 0 0 rg BT 129.50 545.05 Td (up ) Tj ET Q q 0 0 0 rg BT 142.20 545.05 Td (to ) Tj ET Q q 0 0 0 rg BT 152.66 545.05 Td (a ) Tj ET Q q 0 0 0 rg BT 159.79 545.05 Td (contractually ) Tj ET Q q 0 0 0 rg BT 214.68 545.05 Td (agreed-to ) Tj ET Q q 0 0 0 rg BT 255.13 545.05 Td (minimum ) Tj ET Q q 0 0 0 rg BT 296.71 545.05 Td (number ) Tj ET Q q 0 0 0 rg BT 329.94 545.05 Td (of ) Tj ET Q q 0 0 0 rg BT 340.96 545.05 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 393.92 545.05 Td (and ) Tj ET Q q 0 0 0 rg BT 411.05 545.05 Td (additional ) Tj ET Q q 0 0 0 rg BT 453.73 545.05 Td (closed ) Tj ET Q q 0 0 0 rg BT 481.97 545.05 Td (loan ) Tj ET Q q 0 0 0 rg BT 501.87 545.05 Td (fees, ) Tj ET Q q 0 0 0 rg BT 523.16 545.05 Td (which ) Tj ET Q q 0 0 0 rg BT 550.29 545.05 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 533.05 Td (assessed ) Tj ET Q q 0 0 0 rg BT 108.37 533.05 Td (for ) Tj ET Q q 0 0 0 rg BT 122.53 533.05 Td (loans ) Tj ET Q q 0 0 0 rg BT 146.13 533.05 Td (closed ) Tj ET Q q 0 0 0 rg BT 174.16 533.05 Td (in ) Tj ET Q q 0 0 0 rg BT 184.43 533.05 Td (excess ) Tj ET Q q 0 0 0 rg BT 213.02 533.05 Td (of ) Tj ET Q q 0 0 0 rg BT 223.85 533.05 Td (the ) Tj ET Q q 0 0 0 rg BT 238.55 533.05 Td (minimum. ) Tj ET Q q 0 0 0 rg BT 282.44 533.05 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 319.92 533.05 Td (is ) Tj ET Q q 0 0 0 rg BT 329.08 533.05 Td (earned ) Tj ET Q q 0 0 0 rg BT 358.21 533.05 Td (from ) Tj ET Q q 0 0 0 rg BT 380.14 533.05 Td (both ) Tj ET Q q 0 0 0 rg BT 400.41 533.05 Td (base ) Tj ET Q q 0 0 0 rg BT 420.67 533.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 439.26 533.05 Td (and ) Tj ET Q q 0 0 0 rg BT 456.19 533.05 Td (additional ) Tj ET Q q 0 0 0 rg BT 498.68 533.05 Td (closed ) Tj ET Q q 0 0 0 rg BT 526.72 533.05 Td (loan ) Tj ET Q q 0 0 0 rg BT 546.42 533.05 Td (fees ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 521.05 Td (as ) Tj ET Q q 0 0 0 rg BT 82.99 521.05 Td (the ) Tj ET Q q 0 0 0 rg BT 97.86 521.05 Td (result ) Tj ET Q q 0 0 0 rg BT 122.73 521.05 Td (of ) Tj ET Q q 0 0 0 rg BT 133.71 521.05 Td (the ) Tj ET Q q 0 0 0 rg BT 148.59 521.05 Td (customer) Tj ET Q q 0 0 0 rg BT 185.61 521.05 Td () Tj ET Q q 0 0 0 rg BT 188.39 521.05 Td (s ) Tj ET Q q 0 0 0 rg BT 194.94 521.05 Td (usage ) Tj ET Q q 0 0 0 rg BT 220.36 521.05 Td (of ) Tj ET Q q 0 0 0 rg BT 231.35 521.05 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 282.05 521.05 Td (Monthly ) Tj ET Q q 0 0 0 rg BT 319.15 521.05 Td (base ) Tj ET Q q 0 0 0 rg BT 339.58 521.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 358.33 521.05 Td (are ) Tj ET Q q 0 0 0 rg BT 373.19 521.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 419.71 521.05 Td (over ) Tj ET Q q 0 0 0 rg BT 440.13 521.05 Td (the ) Tj ET Q q 0 0 0 rg BT 455.01 521.05 Td (respective ) Tj ET Q q 0 0 0 rg BT 498.19 521.05 Td (monthly ) Tj ET Q q 0 0 0 rg BT 534.18 521.05 Td (service ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 509.05 Td (period ) Tj ET Q q 0 0 0 rg BT 100.46 509.05 Td (as ) Tj ET Q q 0 0 0 rg BT 111.71 509.05 Td (the ) Tj ET Q q 0 0 0 rg BT 126.84 509.05 Td (software ) Tj ET Q q 0 0 0 rg BT 164.19 509.05 Td (is ) Tj ET Q q 0 0 0 rg BT 173.77 509.05 Td (utilized. ) Tj ET Q q 0 0 0 rg BT 208.54 509.05 Td (Additional ) Tj ET Q q 0 0 0 rg BT 254.23 509.05 Td (closed ) Tj ET Q q 0 0 0 rg BT 282.69 509.05 Td (loans ) Tj ET Q q 0 0 0 rg BT 306.72 509.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 325.73 509.05 Td (are ) Tj ET Q q 0 0 0 rg BT 340.85 509.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 387.63 509.05 Td (when ) Tj ET Q q 0 0 0 rg BT 412.21 509.05 Td (the ) Tj ET Q q 0 0 0 rg BT 427.34 509.05 Td (loans ) Tj ET Q q 0 0 0 rg BT 451.37 509.05 Td (are ) Tj ET Q q 0 0 0 rg BT 466.49 509.05 Td (reported ) Tj ET Q q 0 0 0 rg BT 502.72 509.05 Td (as ) Tj ET Q q 0 0 0 rg BT 513.97 509.05 Td (closed. ) Tj ET Q q 0 0 0 rg BT 544.72 509.05 Td (This ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 497.05 Td (of) Tj ET Q q 0 0 0 rg BT 80.15 497.05 Td (fering ) Tj ET Q q 0 0 0 rg BT 105.47 497.05 Td (also ) Tj ET Q q 0 0 0 rg BT 123.01 497.05 Td (includes ) Tj ET Q q 0 0 0 rg BT 157.78 497.05 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 204.76 497.05 Td (CenterW) Tj ET Q q 0 0 0 rg BT 240.46 497.05 Td (ise, ) Tj ET Q q 0 0 0 rg BT 255.51 497.05 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 302.49 497.05 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 352.25 497.05 Td (Service ) Tj ET Q q 0 0 0 rg BT 383.68 497.05 Td (and ) Tj ET Q q 0 0 0 rg BT 399.55 497.05 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 446.54 497.05 Td (Docs ) Tj ET Q q 0 0 0 rg BT 468.53 497.05 Td (Solution ) Tj ET Q q 0 0 0 rg BT 503.87 497.05 Td (for ) Tj ET Q q 0 0 0 rg BT 516.97 497.05 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 485.05 Td (as ) Tj ET Q q 0 0 0 rg BT 83.00 485.05 Td (integrated ) Tj ET Q q 0 0 0 rg BT 125.65 485.05 Td (components, ) Tj ET Q q 0 0 0 rg BT 179.15 485.05 Td (which ) Tj ET Q q 0 0 0 rg BT 206.25 485.05 Td (are ) Tj ET Q q 0 0 0 rg BT 221.13 485.05 Td (combined ) Tj ET Q q 0 0 0 rg BT 263.23 485.05 Td (elements ) Tj ET Q q 0 0 0 rg BT 301.45 485.05 Td (of ) Tj ET Q q 0 0 0 rg BT 312.45 485.05 Td (the ) Tj ET Q q 0 0 0 rg BT 327.33 485.05 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 379.97 485.05 Td (that ) Tj ET Q q 0 0 0 rg BT 397.64 485.05 Td (is ) Tj ET Q q 0 0 0 rg BT 406.98 485.05 Td (delivered ) Tj ET Q q 0 0 0 rg BT 446.85 485.05 Td (in ) Tj ET Q q 0 0 0 rg BT 457.30 485.05 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 507.18 485.05 Td (with ) Tj ET Q q 0 0 0 rg BT 527.63 485.05 Td (the ) Tj ET Q q 0 0 0 rg BT 542.52 485.05 Td (SaaS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 473.05 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 120.05 473.05 Td (of) Tj ET Q q 0 0 0 rg BT 128.20 473.05 Td (fering ) Tj ET Q q 0 0 0 rg BT 154.57 473.05 Td (and ) Tj ET Q q 0 0 0 rg BT 171.51 473.05 Td (therefore ) Tj ET Q q 0 0 0 rg BT 210.10 473.05 Td (is ) Tj ET Q q 0 0 0 rg BT 219.27 473.05 Td (not ) Tj ET Q q 0 0 0 rg BT 234.54 473.05 Td (accounted ) Tj ET Q q 0 0 0 rg BT 277.58 473.05 Td (for ) Tj ET Q q 0 0 0 rg BT 291.74 473.05 Td (separately) Tj ET Q q 0 0 0 rg BT 331.62 473.05 Td (.) Tj ET Q BT /F2 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 94.50 456.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 141.54 456.65 Td (CenterW) Tj ET Q q 0 0 0 rg BT 176.54 456.65 Td (ise ) Tj ET Q q 0 0 0 rg BT 189.13 456.65 Td (Revenues.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 229.39 456.65 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.87 456.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 277.91 456.65 Td (CenterW) Tj ET Q q 0 0 0 rg BT 313.60 456.65 Td (ise ) Tj ET Q q 0 0 0 rg BT 326.20 456.65 Td (is ) Tj ET Q q 0 0 0 rg BT 334.36 456.65 Td (a ) Tj ET Q q 0 0 0 rg BT 340.28 456.65 Td (bundled ) Tj ET Q q 0 0 0 rg BT 373.99 456.65 Td (of) Tj ET Q q 0 0 0 rg BT 382.14 456.65 Td (fering ) Tj ET Q q 0 0 0 rg BT 407.50 456.65 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.83 456.65 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.32 456.65 Td (EDM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.54 456.65 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.03 456.65 Td (and ) Tj ET Q q 0 0 0 rg BT 456.96 456.65 Td (websites ) Tj ET Q q 0 0 0 rg BT 492.89 456.65 Td (used ) Tj ET Q q 0 0 0 rg BT 512.70 456.65 Td (for ) Tj ET Q q 0 0 0 rg BT 525.85 456.65 Td (customer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 444.65 Td (relationship ) Tj ET Q q 0 0 0 rg BT 121.58 444.65 Td (management. ) Tj ET Q q 0 0 0 rg BT 177.54 444.65 Td (Generally) Tj ET Q q 0 0 0 rg BT 216.31 444.65 Td (, ) Tj ET Q q 0 0 0 rg BT 221.18 444.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 255.19 444.65 Td (is ) Tj ET Q q 0 0 0 rg BT 264.23 444.65 Td (recognized ) Tj ET Q q 0 0 0 rg BT 310.46 444.65 Td (for ) Tj ET Q q 0 0 0 rg BT 324.49 444.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 372.41 444.65 Td (CenterW) Tj ET Q q 0 0 0 rg BT 408.10 444.65 Td (ise ) Tj ET Q q 0 0 0 rg BT 421.58 444.65 Td (after ) Tj ET Q q 0 0 0 rg BT 442.26 444.65 Td (the ) Tj ET Q q 0 0 0 rg BT 456.84 444.65 Td (service ) Tj ET Q q 0 0 0 rg BT 487.53 444.65 Td (is ) Tj ET Q q 0 0 0 rg BT 496.57 444.65 Td (rendered, ) Tj ET Q q 0 0 0 rg BT 536.41 444.65 Td (except ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 432.65 Td (when ) Tj ET Q q 0 0 0 rg BT 97.02 432.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 145.93 432.65 Td (CenterW) Tj ET Q q 0 0 0 rg BT 181.62 432.65 Td (ise ) Tj ET Q q 0 0 0 rg BT 196.09 432.65 Td (is ) Tj ET Q q 0 0 0 rg BT 206.12 432.65 Td (automatically ) Tj ET Q q 0 0 0 rg BT 263.90 432.65 Td (included ) Tj ET Q q 0 0 0 rg BT 301.69 432.65 Td (as ) Tj ET Q q 0 0 0 rg BT 313.38 432.65 Td (an ) Tj ET Q q 0 0 0 rg BT 326.18 432.65 Td (integrated ) Tj ET Q q 0 0 0 rg BT 369.52 432.65 Td (component ) Tj ET Q q 0 0 0 rg BT 417.31 432.65 Td (of ) Tj ET Q q 0 0 0 rg BT 429.00 432.65 Td (the ) Tj ET Q q 0 0 0 rg BT 444.58 432.65 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 467.94 432.65 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 516.84 432.65 Td (of) Tj ET Q q 0 0 0 rg BT 524.99 432.65 Td (fering, ) Tj ET Q q 0 0 0 rg BT 554.73 432.65 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 420.65 Td (which ) Tj ET Q q 0 0 0 rg BT 98.94 420.65 Td (case ) Tj ET Q q 0 0 0 rg BT 118.65 420.65 Td (the ) Tj ET Q q 0 0 0 rg BT 133.36 420.65 Td (associated ) Tj ET Q q 0 0 0 rg BT 176.96 420.65 Td (revenue ) Tj ET Q q 0 0 0 rg BT 211.10 420.65 Td (is ) Tj ET Q q 0 0 0 rg BT 220.27 420.65 Td (recognized ) Tj ET Q q 0 0 0 rg BT 266.63 420.65 Td (as ) Tj ET Q q 0 0 0 rg BT 277.46 420.65 Td (described ) Tj ET Q q 0 0 0 rg BT 318.28 420.65 Td (above.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 94.50 404.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 131.48 404.25 Td (Revenues.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.74 404.25 Td ( ) Tj ET Q q 0 0 0 rg BT 175.14 404.25 Td (W) Tj ET Q q 0 0 0 rg BT 183.78 404.25 Td (e ) Tj ET Q q 0 0 0 rg BT 191.88 404.25 Td (provide ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.10 404.25 Td (mortgage-related ) Tj ET Q q 0 0 0 rg BT 298.06 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.16 404.25 Td (other ) Tj ET Q q 0 0 0 rg BT 340.38 404.25 Td (business ) Tj ET Q q 0 0 0 rg BT 377.94 404.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 416.31 404.25 Td (including ) Tj ET Q q 0 0 0 rg BT 457.75 404.25 Td (automated ) Tj ET Q q 0 0 0 rg BT 503.07 404.25 Td (documentation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 392.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 120.03 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 136.97 392.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 185.56 392.25 Td (reports. ) Tj ET Q q 0 0 0 rg BT 218.33 392.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 254.71 392.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 292.74 392.25 Td (are ) Tj ET Q q 0 0 0 rg BT 307.45 392.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 353.81 392.25 Td (after ) Tj ET Q q 0 0 0 rg BT 374.63 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.34 392.25 Td (services ) Tj ET Q q 0 0 0 rg BT 424.05 392.25 Td (are ) Tj ET Q q 0 0 0 rg BT 438.76 392.25 Td (rendered.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 375.85 Td (T) Tj ET Q q 0 0 0 rg BT 77.01 375.85 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 123.09 375.85 Td (Revenues.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.34 375.85 Td ( ) Tj ET Q q 0 0 0 rg BT 166.40 375.85 Td (W) Tj ET Q q 0 0 0 rg BT 175.04 375.85 Td (e ) Tj ET Q q 0 0 0 rg BT 182.77 375.85 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.95 375.85 Td (entered ) Tj ET Q q 0 0 0 rg BT 237.67 375.85 Td (into ) Tj ET Q q 0 0 0 rg BT 256.52 375.85 Td (agreements ) Tj ET Q q 0 0 0 rg BT 305.35 375.85 Td (with ) Tj ET Q q 0 0 0 rg BT 326.43 375.85 Td (various ) Tj ET Q q 0 0 0 rg BT 359.16 375.85 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 393.84 375.85 Td (service ) Tj ET Q q 0 0 0 rg BT 425.45 375.85 Td (providers ) Tj ET Q q 0 0 0 rg BT 466.52 375.85 Td (and ) Tj ET Q q 0 0 0 rg BT 484.25 375.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 514.75 375.85 Td (government ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 363.85 Td (agencies ) Tj ET Q q 0 0 0 rg BT 86.37 363.85 Td (participating ) Tj ET Q q 0 0 0 rg BT 139.34 363.85 Td (in ) Tj ET Q q 0 0 0 rg BT 149.56 363.85 Td (the ) Tj ET Q q 0 0 0 rg BT 164.22 363.85 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 204.43 363.85 Td (origination ) Tj ET Q q 0 0 0 rg BT 250.75 363.85 Td (process ) Tj ET Q q 0 0 0 rg BT 283.18 363.85 Td (that ) Tj ET Q q 0 0 0 rg BT 300.62 363.85 Td (provide ) Tj ET Q q 0 0 0 rg BT 333.61 363.85 Td (them ) Tj ET Q q 0 0 0 rg BT 356.04 363.85 Td (access ) Tj ET Q q 0 0 0 rg BT 384.02 363.85 Td (to, ) Tj ET Q q 0 0 0 rg BT 396.74 363.85 Td (and ) Tj ET Q q 0 0 0 rg BT 413.62 363.85 Td (ability ) Tj ET Q q 0 0 0 rg BT 441.61 363.85 Td (to ) Tj ET Q q 0 0 0 rg BT 451.83 363.85 Td (interoperate ) Tj ET Q q 0 0 0 rg BT 502.02 363.85 Td (with, ) Tj ET Q q 0 0 0 rg BT 524.74 363.85 Td (mortgage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 351.85 Td (originators ) Tj ET Q q 0 0 0 rg BT 95.10 351.85 Td (on ) Tj ET Q q 0 0 0 rg BT 107.38 351.85 Td (the ) Tj ET Q q 0 0 0 rg BT 121.88 351.85 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 143.04 351.85 Td (Mae ) Tj ET Q q 0 0 0 rg BT 163.09 351.85 Td (Network.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.58 351.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.86 351.85 Td (Under ) Tj ET Q q 0 0 0 rg BT 230.13 351.85 Td (these ) Tj ET Q q 0 0 0 rg BT 252.95 351.85 Td (agreements,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.99 351.85 Td ( ) Tj ET Q q 0 0 0 rg BT 303.27 351.85 Td (we ) Tj ET Q q 0 0 0 rg BT 317.21 351.85 Td (earn ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.69 351.85 Td (transaction ) Tj ET Q q 0 0 0 rg BT 382.84 351.85 Td (fees ) Tj ET Q q 0 0 0 rg BT 401.22 351.85 Td (when ) Tj ET Q q 0 0 0 rg BT 425.16 351.85 Td (transactions ) Tj ET Q q 0 0 0 rg BT 475.20 351.85 Td (are ) Tj ET Q q 0 0 0 rg BT 489.69 351.85 Td (processed ) Tj ET Q q 0 0 0 rg BT 531.40 351.85 Td (through ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 339.85 Td (the ) Tj ET Q q 0 0 0 rg BT 63.75 339.85 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 84.66 339.85 Td (Mae ) Tj ET Q q 0 0 0 rg BT 104.47 339.85 Td (Network.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.96 339.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.84 339.85 Td (T) Tj ET Q q 0 0 0 rg BT 149.60 339.85 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 192.72 339.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 230.29 339.85 Td (are ) Tj ET Q q 0 0 0 rg BT 244.53 339.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 290.43 339.85 Td (when ) Tj ET Q q 0 0 0 rg BT 314.12 339.85 Td (there ) Tj ET Q q 0 0 0 rg BT 336.14 339.85 Td (is ) Tj ET Q q 0 0 0 rg BT 344.84 339.85 Td (evidence ) Tj ET Q q 0 0 0 rg BT 382.41 339.85 Td (that ) Tj ET Q q 0 0 0 rg BT 399.44 339.85 Td (the ) Tj ET Q q 0 0 0 rg BT 413.69 339.85 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 456.82 339.85 Td (transactions ) Tj ET Q q 0 0 0 rg BT 506.62 339.85 Td (have ) Tj ET Q q 0 0 0 rg BT 527.53 339.85 Td (occurred ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 327.85 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 327.85 Td (the ) Tj ET Q q 0 0 0 rg BT 76.72 327.85 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 98.10 327.85 Td (Mae ) Tj ET Q q 0 0 0 rg BT 118.37 327.85 Td (Network ) Tj ET Q q 0 0 0 rg BT 155.86 327.85 Td (and ) Tj ET Q q 0 0 0 rg BT 172.80 327.85 Td (collection ) Tj ET Q q 0 0 0 rg BT 214.72 327.85 Td (of ) Tj ET Q q 0 0 0 rg BT 225.55 327.85 Td (the ) Tj ET Q q 0 0 0 rg BT 240.27 327.85 Td (resulting ) Tj ET Q q 0 0 0 rg BT 277.77 327.85 Td (receivable ) Tj ET Q q 0 0 0 rg BT 321.35 327.85 Td (is ) Tj ET Q q 0 0 0 rg BT 330.52 327.85 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 376.33 327.85 Td (assured.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 300.28505859375 m 164.876953125 300.28505859375 l s q 0 0 0 rg BT 73.50 301.85 Td (On-Premise ) Tj ET Q q 0 0 0 rg BT 125.44 301.85 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 280.85 Td (W) Tj ET Q q 0 0 0 rg BT 81.04 280.85 Td (ith ) Tj ET Q q 0 0 0 rg BT 94.04 280.85 Td (the ) Tj ET Q q 0 0 0 rg BT 108.71 280.85 Td (exception ) Tj ET Q q 0 0 0 rg BT 150.03 280.85 Td (of ) Tj ET Q q 0 0 0 rg BT 160.81 280.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 194.91 280.85 Td (from ) Tj ET Q q 0 0 0 rg BT 216.80 280.85 Td (customers ) Tj ET Q q 0 0 0 rg BT 259.80 280.85 Td (that ) Tj ET Q q 0 0 0 rg BT 277.24 280.85 Td (self-host ) Tj ET Q q 0 0 0 rg BT 314.13 280.85 Td (a ) Tj ET Q q 0 0 0 rg BT 321.02 280.85 Td (portion ) Tj ET Q q 0 0 0 rg BT 352.36 280.85 Td (of ) Tj ET Q q 0 0 0 rg BT 363.14 280.85 Td (the ) Tj ET Q q 0 0 0 rg BT 377.80 280.85 Td (software ) Tj ET Q q 0 0 0 rg BT 414.68 280.85 Td (in ) Tj ET Q q 0 0 0 rg BT 424.91 280.85 Td (a ) Tj ET Q q 0 0 0 rg BT 431.80 280.85 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 493.68 280.85 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 525.01 280.85 Td (structure) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.00 280.85 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 268.85 Td (which ) Tj ET Q q 0 0 0 rg BT 75.74 268.85 Td (is ) Tj ET Q q 0 0 0 rg BT 84.22 268.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 129.89 268.85 Td (as ) Tj ET Q q 0 0 0 rg BT 140.02 268.85 Td (described ) Tj ET Q q 0 0 0 rg BT 180.14 268.85 Td (above) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.02 268.85 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.33 268.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 241.78 268.85 Td (from ) Tj ET Q q 0 0 0 rg BT 263.02 268.85 Td (the ) Tj ET Q q 0 0 0 rg BT 277.04 268.85 Td (sale ) Tj ET Q q 0 0 0 rg BT 294.40 268.85 Td (of ) Tj ET Q q 0 0 0 rg BT 304.53 268.85 Td (software ) Tj ET Q q 0 0 0 rg BT 340.77 268.85 Td (licenses ) Tj ET Q q 0 0 0 rg BT 374.23 268.85 Td (is ) Tj ET Q q 0 0 0 rg BT 382.70 268.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 428.37 268.85 Td (in ) Tj ET Q q 0 0 0 rg BT 437.96 268.85 Td (the ) Tj ET Q q 0 0 0 rg BT 451.98 268.85 Td (month ) Tj ET Q q 0 0 0 rg BT 479.34 268.85 Td (in ) Tj ET Q q 0 0 0 rg BT 488.92 268.85 Td (which ) Tj ET Q q 0 0 0 rg BT 515.17 268.85 Td (the ) Tj ET Q q 0 0 0 rg BT 529.19 268.85 Td (required ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 256.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 82.58 256.85 Td (recognition ) Tj ET Q q 0 0 0 rg BT 129.57 256.85 Td (criteria ) Tj ET Q q 0 0 0 rg BT 159.32 256.85 Td (are ) Tj ET Q q 0 0 0 rg BT 172.96 256.85 Td (met, ) Tj ET Q q 0 0 0 rg BT 191.90 256.85 Td (generally ) Tj ET Q q 0 0 0 rg BT 230.54 256.85 Td (in ) Tj ET Q q 0 0 0 rg BT 239.76 256.85 Td (the ) Tj ET Q q 0 0 0 rg BT 253.41 256.85 Td (month ) Tj ET Q q 0 0 0 rg BT 280.41 256.85 Td (in ) Tj ET Q q 0 0 0 rg BT 289.63 256.85 Td (which ) Tj ET Q q 0 0 0 rg BT 315.50 256.85 Td (the ) Tj ET Q q 0 0 0 rg BT 329.16 256.85 Td (software ) Tj ET Q q 0 0 0 rg BT 365.03 256.85 Td (is ) Tj ET Q q 0 0 0 rg BT 373.14 256.85 Td (delivered.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.84 256.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.28 256.85 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 450.71 256.85 Td (from ) Tj ET Q q 0 0 0 rg BT 471.58 256.85 Td (the ) Tj ET Q q 0 0 0 rg BT 485.24 256.85 Td (sale ) Tj ET Q q 0 0 0 rg BT 502.23 256.85 Td (of ) Tj ET Q q 0 0 0 rg BT 512.00 256.85 Td (maintenance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 244.85 Td (services ) Tj ET Q q 0 0 0 rg BT 84.21 244.85 Td (and ) Tj ET Q q 0 0 0 rg BT 101.15 244.85 Td (professional ) Tj ET Q q 0 0 0 rg BT 152.52 244.85 Td (services ) Tj ET Q q 0 0 0 rg BT 187.23 244.85 Td (is ) Tj ET Q q 0 0 0 rg BT 196.40 244.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 242.76 244.85 Td (over ) Tj ET Q q 0 0 0 rg BT 263.03 244.85 Td (the ) Tj ET Q q 0 0 0 rg BT 277.75 244.85 Td (period ) Tj ET Q q 0 0 0 rg BT 305.79 244.85 Td (in ) Tj ET Q q 0 0 0 rg BT 316.07 244.85 Td (which ) Tj ET Q q 0 0 0 rg BT 343.01 244.85 Td (the ) Tj ET Q q 0 0 0 rg BT 357.73 244.85 Td (services ) Tj ET Q q 0 0 0 rg BT 392.43 244.85 Td (are ) Tj ET Q q 0 0 0 rg BT 407.14 244.85 Td (provided.) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 217.28505859375002 m 206.478515625 217.28505859375002 l s q 0 0 0 rg BT 73.50 218.85 Td (Multiple ) Tj ET Q q 0 0 0 rg BT 111.00 218.85 Td (Element ) Tj ET Q q 0 0 0 rg BT 147.58 218.85 Td (Arrangements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 202.45 Td (The ) Tj ET Q q 0 0 0 rg BT 92.54 202.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.93 202.45 Td (has ) Tj ET Q q 0 0 0 rg BT 153.75 202.45 Td (entered ) Tj ET Q q 0 0 0 rg BT 187.67 202.45 Td (into ) Tj ET Q q 0 0 0 rg BT 207.73 202.45 Td (both ) Tj ET Q q 0 0 0 rg BT 230.00 202.45 Td (subscription ) Tj ET Q q 0 0 0 rg BT 283.39 202.45 Td (services ) Tj ET Q q 0 0 0 rg BT 320.09 202.45 Td (and ) Tj ET Q q 0 0 0 rg BT 339.02 202.45 Td (software ) Tj ET Q q 0 0 0 rg BT 377.95 202.45 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 436.31 202.45 Td (with ) Tj ET Q q 0 0 0 rg BT 458.58 202.45 Td (multiple ) Tj ET Q q 0 0 0 rg BT 496.41 202.45 Td (elements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.45 202.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.62 202.45 Td (When ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 190.45 Td (subscription ) Tj ET Q q 0 0 0 rg BT 100.25 190.45 Td (services ) Tj ET Q q 0 0 0 rg BT 134.31 190.45 Td (involve ) Tj ET Q q 0 0 0 rg BT 166.17 190.45 Td (multiple ) Tj ET Q q 0 0 0 rg BT 201.36 190.45 Td (elements ) Tj ET Q q 0 0 0 rg BT 238.76 190.45 Td (that ) Tj ET Q q 0 0 0 rg BT 255.62 190.45 Td (qualify ) Tj ET Q q 0 0 0 rg BT 285.80 190.45 Td (as ) Tj ET Q q 0 0 0 rg BT 295.99 190.45 Td (separate ) Tj ET Q q 0 0 0 rg BT 330.61 190.45 Td (units ) Tj ET Q q 0 0 0 rg BT 351.92 190.45 Td (of ) Tj ET Q q 0 0 0 rg BT 362.11 190.45 Td (accounting,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.48 190.45 Td ( ) Tj ET Q q 0 0 0 rg BT 410.34 190.45 Td (we ) Tj ET Q q 0 0 0 rg BT 423.86 190.45 Td (allocate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.81 190.45 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 508.64 190.45 Td (consideration ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 178.45 Td (at ) Tj ET Q q 0 0 0 rg BT 58.70 178.45 Td (the ) Tj ET Q q 0 0 0 rg BT 72.89 178.45 Td (inception ) Tj ET Q q 0 0 0 rg BT 112.08 178.45 Td (of ) Tj ET Q q 0 0 0 rg BT 122.39 178.45 Td (an ) Tj ET Q q 0 0 0 rg BT 133.81 178.45 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 185.76 178.45 Td (to ) Tj ET Q q 0 0 0 rg BT 195.52 178.45 Td (all ) Tj ET Q q 0 0 0 rg BT 207.49 178.45 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 257.78 178.45 Td (based ) Tj ET Q q 0 0 0 rg BT 282.53 178.45 Td (on ) Tj ET Q q 0 0 0 rg BT 294.51 178.45 Td (the ) Tj ET Q q 0 0 0 rg BT 308.70 178.45 Td (relative ) Tj ET Q q 0 0 0 rg BT 340.66 178.45 Td (selling ) Tj ET Q q 0 0 0 rg BT 369.31 178.45 Td (price ) Tj ET Q q 0 0 0 rg BT 391.27 178.45 Td (method ) Tj ET Q q 0 0 0 rg BT 423.24 178.45 Td (in ) Tj ET Q q 0 0 0 rg BT 433.00 178.45 Td (accordance ) Tj ET Q q 0 0 0 rg BT 479.94 178.45 Td (with ) Tj ET Q q 0 0 0 rg BT 499.70 178.45 Td (the ) Tj ET Q q 0 0 0 rg BT 513.89 178.45 Td (selling ) Tj ET Q q 0 0 0 rg BT 542.54 178.45 Td (price ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 166.45 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 86.60 166.45 Td (, ) Tj ET Q q 0 0 0 rg BT 91.66 166.45 Td (which ) Tj ET Q q 0 0 0 rg BT 118.65 166.45 Td (includes: ) Tj ET Q q 0 0 0 rg BT 157.30 166.45 Td (\(i\)vendor ) Tj ET Q q 0 0 0 rg BT 199.56 166.45 Td (specific ) Tj ET Q q 0 0 0 rg BT 233.20 166.45 Td (objective ) Tj ET Q q 0 0 0 rg BT 272.41 166.45 Td (evidence) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.94 166.45 Td (, ) Tj ET Q q 0 0 0 rg BT 312.99 166.45 Td (or ) Tj ET Q q 0 0 0 rg BT 323.69 166.45 Td (VSOE, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.85 166.45 Td (if ) Tj ET Q q 0 0 0 rg BT 363.51 166.45 Td (it ) Tj ET Q q 0 0 0 rg BT 371.62 166.45 Td (is ) Tj ET Q q 0 0 0 rg BT 380.84 166.45 Td (available; ) Tj ET Q q 0 0 0 rg BT 422.26 166.45 Td (\(ii\)third-party ) Tj ET Q q 0 0 0 rg BT 482.29 166.45 Td (evidence) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.82 166.45 Td (, ) Tj ET Q q 0 0 0 rg BT 522.87 166.45 Td (or ) Tj ET Q q 0 0 0 rg BT 533.57 166.45 Td (TPE, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 556.40 166.45 Td (if ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 154.45 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 78.11 154.45 Td (is ) Tj ET Q q 0 0 0 rg BT 87.28 154.45 Td (not ) Tj ET Q q 0 0 0 rg BT 102.56 154.45 Td (available; ) Tj ET Q q 0 0 0 rg BT 143.93 154.45 Td (and ) Tj ET Q q 0 0 0 rg BT 160.87 154.45 Td (\(iii\)the ) Tj ET Q q 0 0 0 rg BT 193.08 154.45 Td (best ) Tj ET Q q 0 0 0 rg BT 211.69 154.45 Td (estimate ) Tj ET Q q 0 0 0 rg BT 247.51 154.45 Td (of ) Tj ET Q q 0 0 0 rg BT 258.34 154.45 Td (selling ) Tj ET Q q 0 0 0 rg BT 287.50 154.45 Td (price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.49 154.45 Td (, ) Tj ET Q q 0 0 0 rg BT 312.49 154.45 Td (or ) Tj ET Q q 0 0 0 rg BT 323.32 154.45 Td (BESP) Tj ET Q q 0 0 0 rg BT 346.11 154.45 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.11 154.45 Td (if ) Tj ET Q q 0 0 0 rg BT 359.72 154.45 Td (neither ) Tj ET Q q 0 0 0 rg BT 389.80 154.45 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 418.42 154.45 Td (nor ) Tj ET Q q 0 0 0 rg BT 434.07 154.45 Td (TPE ) Tj ET Q q 0 0 0 rg BT 454.34 154.45 Td (is ) Tj ET Q q 0 0 0 rg BT 463.51 154.45 Td (available.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 133.45 Td (VSOE.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.61 133.45 Td ( ) Tj ET Q q 0 0 0 rg BT 103.49 133.45 Td (W) Tj ET Q q 0 0 0 rg BT 112.13 133.45 Td (e ) Tj ET Q q 0 0 0 rg BT 119.67 133.45 Td (determine ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.53 133.45 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 191.74 133.45 Td (based ) Tj ET Q q 0 0 0 rg BT 217.61 133.45 Td (on) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.61 133.45 Td ( ) Tj ET Q q 0 0 0 rg BT 230.71 133.45 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.15 133.45 Td (historical ) Tj ET Q q 0 0 0 rg BT 287.46 133.45 Td (pricing ) Tj ET Q q 0 0 0 rg BT 318.89 133.45 Td (and ) Tj ET Q q 0 0 0 rg BT 336.43 133.45 Td (discounting ) Tj ET Q q 0 0 0 rg BT 386.20 133.45 Td (practices ) Tj ET Q q 0 0 0 rg BT 424.83 133.45 Td (for ) Tj ET Q q 0 0 0 rg BT 439.59 133.45 Td (the ) Tj ET Q q 0 0 0 rg BT 454.91 133.45 Td (specific ) Tj ET Q q 0 0 0 rg BT 489.11 133.45 Td (product ) Tj ET Q q 0 0 0 rg BT 522.76 133.45 Td (or ) Tj ET Q q 0 0 0 rg BT 534.19 133.45 Td (service ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 121.45 Td (when ) Tj ET Q q 0 0 0 rg BT 73.00 121.45 Td (sold ) Tj ET Q q 0 0 0 rg BT 91.50 121.45 Td (separately) Tj ET Q q 0 0 0 rg BT 131.38 121.45 Td (. ) Tj ET Q q 0 0 0 rg BT 135.72 121.45 Td (In ) Tj ET Q q 0 0 0 rg BT 145.89 121.45 Td (determining ) Tj ET Q q 0 0 0 rg BT 195.91 121.45 Td (VSOE,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.52 121.45 Td ( ) Tj ET Q q 0 0 0 rg BT 226.36 121.45 Td (we ) Tj ET Q q 0 0 0 rg BT 239.86 121.45 Td (require ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.01 121.45 Td (that ) Tj ET Q q 0 0 0 rg BT 286.84 121.45 Td (a ) Tj ET Q q 0 0 0 rg BT 293.11 121.45 Td (substantial ) Tj ET Q q 0 0 0 rg BT 337.72 121.45 Td (majority ) Tj ET Q q 0 0 0 rg BT 373.44 121.45 Td (of ) Tj ET Q q 0 0 0 rg BT 383.61 121.45 Td (the ) Tj ET Q q 0 0 0 rg BT 397.66 121.45 Td (selling ) Tj ET Q q 0 0 0 rg BT 426.16 121.45 Td (prices ) Tj ET Q q 0 0 0 rg BT 451.87 121.45 Td (for ) Tj ET Q q 0 0 0 rg BT 465.37 121.45 Td (these ) Tj ET Q q 0 0 0 rg BT 487.75 121.45 Td (services ) Tj ET Q q 0 0 0 rg BT 521.79 121.45 Td (fall ) Tj ET Q q 0 0 0 rg BT 536.96 121.45 Td (within ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 109.45 Td (a ) Tj ET Q q 0 0 0 rg BT 56.55 109.45 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 102.48 109.45 Td (narrow ) Tj ET Q q 0 0 0 rg BT 133.41 109.45 Td (pricing ) Tj ET Q q 0 0 0 rg BT 164.35 109.45 Td (range.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.06 109.45 Td ( ) Tj ET Q q 0 0 0 rg BT 191.67 109.45 Td ( ) Tj ET Q q 0 0 0 rg BT 194.09 109.45 Td (W) Tj ET Q q 0 0 0 rg BT 202.73 109.45 Td (e ) Tj ET Q q 0 0 0 rg BT 209.78 109.45 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.27 109.45 Td (not ) Tj ET Q q 0 0 0 rg BT 246.66 109.45 Td (historically ) Tj ET Q q 0 0 0 rg BT 294.26 109.45 Td (priced) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.25 109.45 Td ( ) Tj ET Q q 0 0 0 rg BT 321.86 109.45 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.80 109.45 Td (subscription ) Tj ET Q q 0 0 0 rg BT 389.30 109.45 Td (services ) Tj ET Q q 0 0 0 rg BT 424.12 109.45 Td (within ) Tj ET Q q 0 0 0 rg BT 452.29 109.45 Td (a ) Tj ET Q q 0 0 0 rg BT 459.34 109.45 Td (narrow ) Tj ET Q q 0 0 0 rg BT 490.27 109.45 Td (range.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.98 109.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.02 109.45 Td (As ) Tj ET Q q 0 0 0 rg BT 530.74 109.45 Td (a ) Tj ET Q q 0 0 0 rg BT 537.79 109.45 Td (result,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.51 109.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 97.45 Td (we ) Tj ET Q q 0 0 0 rg BT 63.66 97.45 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.04 97.45 Td (not ) Tj ET Q q 0 0 0 rg BT 100.32 97.45 Td (been ) Tj ET Q q 0 0 0 rg BT 121.69 97.45 Td (able ) Tj ET Q q 0 0 0 rg BT 140.85 97.45 Td (to ) Tj ET Q q 0 0 0 rg BT 151.13 97.45 Td (establish ) Tj ET Q q 0 0 0 rg BT 188.62 97.45 Td (selling ) Tj ET Q q 0 0 0 rg BT 217.79 97.45 Td (prices ) Tj ET Q q 0 0 0 rg BT 244.16 97.45 Td (for ) Tj ET Q q 0 0 0 rg BT 258.32 97.45 Td (subscription ) Tj ET Q q 0 0 0 rg BT 309.71 97.45 Td (services ) Tj ET Q q 0 0 0 rg BT 344.42 97.45 Td (based ) Tj ET Q q 0 0 0 rg BT 369.69 97.45 Td (on ) Tj ET Q q 0 0 0 rg BT 382.00 97.45 Td (VSOE.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.62 97.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 76.45 Td (TPE. ) Tj ET Q q 0 0 0 rg BT 94.20 76.45 Td (When ) Tj ET Q q 0 0 0 rg BT 120.00 76.45 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 148.19 76.45 Td (cannot ) Tj ET Q q 0 0 0 rg BT 176.92 76.45 Td (be ) Tj ET Q q 0 0 0 rg BT 188.43 76.45 Td (established ) Tj ET Q q 0 0 0 rg BT 234.93 76.45 Td (for ) Tj ET Q q 0 0 0 rg BT 248.67 76.45 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 299.05 76.45 Td (in ) Tj ET Q q 0 0 0 rg BT 308.90 76.45 Td (multiple ) Tj ET Q q 0 0 0 rg BT 344.30 76.45 Td (element ) Tj ET Q q 0 0 0 rg BT 378.03 76.45 Td (arrangements,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.39 76.45 Td ( ) Tj ET Q q 0 0 0 rg BT 436.46 76.45 Td (we ) Tj ET Q q 0 0 0 rg BT 450.19 76.45 Td (apply ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.48 76.45 Td (judgment ) Tj ET Q q 0 0 0 rg BT 514.33 76.45 Td (with ) Tj ET Q q 0 0 0 rg BT 534.18 76.45 Td (respect ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 64.45 Td (to ) Tj ET Q q 0 0 0 rg BT 59.86 64.45 Td (whether) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.06 64.45 Td ( ) Tj ET Q q 0 0 0 rg BT 94.64 64.45 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.88 64.45 Td (can ) Tj ET Q q 0 0 0 rg BT 125.34 64.45 Td (establish ) Tj ET Q q 0 0 0 rg BT 162.92 64.45 Td (a ) Tj ET Q q 0 0 0 rg BT 169.93 64.45 Td (selling ) Tj ET Q q 0 0 0 rg BT 199.18 64.45 Td (price ) Tj ET Q q 0 0 0 rg BT 221.74 64.45 Td (based ) Tj ET Q q 0 0 0 rg BT 247.09 64.45 Td (on ) Tj ET Q q 0 0 0 rg BT 259.48 64.45 Td (TPE. ) Tj ET Q q 0 0 0 rg BT 282.16 64.45 Td (TPE ) Tj ET Q q 0 0 0 rg BT 302.51 64.45 Td (is ) Tj ET Q q 0 0 0 rg BT 311.76 64.45 Td (determined ) Tj ET Q q 0 0 0 rg BT 359.32 64.45 Td (based ) Tj ET Q q 0 0 0 rg BT 384.67 64.45 Td (on ) Tj ET Q q 0 0 0 rg BT 397.25 64.45 Td (competitor ) Tj ET Q q 0 0 0 rg BT 443.15 64.45 Td (prices ) Tj ET Q q 0 0 0 rg BT 469.61 64.45 Td (for ) Tj ET Q q 0 0 0 rg BT 483.85 64.45 Td (similar ) Tj ET Q q 0 0 0 rg BT 514.20 64.45 Td (deliverables ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 52.45 Td (when ) Tj ET Q q 0 0 0 rg BT 73.99 52.45 Td (sold ) Tj ET Q q 0 0 0 rg BT 93.49 52.45 Td (separately) Tj ET Q q 0 0 0 rg BT 133.38 52.45 Td (. ) Tj ET Q q 0 0 0 rg BT 138.71 52.45 Td (Generally) Tj ET Q q 0 0 0 rg BT 177.48 52.45 Td (,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.98 52.45 Td ( ) Tj ET Q q 0 0 0 rg BT 182.81 52.45 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.97 52.45 Td (go-to-market ) Tj ET Q q 0 0 0 rg BT 254.01 52.45 Td (strategy ) Tj ET Q q 0 0 0 rg BT 288.49 52.45 Td (dif) Tj ET Q q 0 0 0 rg BT 299.42 52.45 Td (fers ) Tj ET Q q 0 0 0 rg BT 317.24 52.45 Td (from ) Tj ET Q q 0 0 0 rg BT 339.51 52.45 Td (that ) Tj ET Q q 0 0 0 rg BT 357.34 52.45 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.67 52.45 Td ( ) Tj ET Q q 0 0 0 rg BT 368.50 52.45 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.66 52.45 Td (peers ) Tj ET Q q 0 0 0 rg BT 408.59 52.45 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.03 52.45 Td ( ) Tj ET Q q 0 0 0 rg BT 425.86 52.45 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.02 52.45 Td (of) Tj ET Q q 0 0 0 rg BT 450.17 52.45 Td (ferings ) Tj ET Q q 0 0 0 rg BT 480.77 52.45 Td (contain ) Tj ET Q q 0 0 0 rg BT 513.03 52.45 Td (a ) Tj ET Q q 0 0 0 rg BT 520.30 52.45 Td (significant ) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (level ) Tj ET Q q 0 0 0 rg BT 71.75 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.89 740.10 Td (dif) Tj ET Q q 0 0 0 rg BT 93.82 740.10 Td (ferentiation ) Tj ET Q q 0 0 0 rg BT 142.72 740.10 Td (such ) Tj ET Q q 0 0 0 rg BT 163.87 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 181.68 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.71 740.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 246.16 740.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 277.30 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.44 740.10 Td (services ) Tj ET Q q 0 0 0 rg BT 323.46 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 344.06 740.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 374.64 740.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 428.56 740.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 458.03 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 470.28 740.10 Td (obtained. ) Tj ET Q q 0 0 0 rg BT 510.03 740.10 Td (Furthermore,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.51 740.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.35 728.10 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.76 728.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 106.61 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.58 728.10 Td (reliably ) Tj ET Q q 0 0 0 rg BT 149.32 728.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 191.49 728.10 Td (what ) Tj ET Q q 0 0 0 rg BT 213.13 728.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 243.09 728.10 Td (competitor ) Tj ET Q q 0 0 0 rg BT 288.61 728.10 Td (services) Tj ET Q q 0 0 0 rg BT 323.40 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 325.60 728.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 354.46 728.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 380.53 728.10 Td (are ) Tj ET Q q 0 0 0 rg BT 394.93 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 407.13 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 413.76 728.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 458.72 728.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 482.93 728.10 Td (As ) Tj ET Q q 0 0 0 rg BT 496.24 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 502.87 728.10 Td (result,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.59 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 529.78 728.10 Td (we ) Tj ET Q q 0 0 0 rg BT 543.64 728.10 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (not ) Tj ET Q q 0 0 0 rg BT 64.78 716.10 Td (been ) Tj ET Q q 0 0 0 rg BT 86.16 716.10 Td (able ) Tj ET Q q 0 0 0 rg BT 105.31 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.59 716.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 153.08 716.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 182.25 716.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 208.63 716.10 Td (based ) Tj ET Q q 0 0 0 rg BT 233.89 716.10 Td (on ) Tj ET Q q 0 0 0 rg BT 246.21 716.10 Td (TPE.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.49 716.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 94.79 695.10 Td (. ) Tj ET Q q 0 0 0 rg BT 99.67 695.10 Td (When) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.54 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 126.10 695.10 Td (we ) Tj ET Q q 0 0 0 rg BT 140.33 695.10 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.09 695.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 184.31 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.65 695.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 232.20 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 239.20 695.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 268.42 695.10 Td (price ) Tj ET Q q 0 0 0 rg BT 290.97 695.10 Td (using ) Tj ET Q q 0 0 0 rg BT 315.02 695.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 343.69 695.10 Td (or ) Tj ET Q q 0 0 0 rg BT 354.39 695.10 Td (TPE,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.67 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.23 695.10 Td (we ) Tj ET Q q 0 0 0 rg BT 391.45 695.10 Td (use ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.34 695.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 430.87 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 433.43 695.10 Td (in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.21 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 443.77 695.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.66 695.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 501.65 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.54 695.10 Td (arrangement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (consideration. ) Tj ET Q q 0 0 0 rg BT 108.84 683.10 Td (The ) Tj ET Q q 0 0 0 rg BT 127.58 683.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 167.42 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.95 683.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 202.48 683.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.67 683.10 Td (is ) Tj ET Q q 0 0 0 rg BT 215.54 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.51 683.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 269.69 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.10 683.10 Td (price ) Tj ET Q q 0 0 0 rg BT 308.28 683.10 Td (at ) Tj ET Q q 0 0 0 rg BT 318.69 683.10 Td (which) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.13 683.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.32 683.10 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.18 683.10 Td (would ) Tj ET Q q 0 0 0 rg BT 389.37 683.10 Td (transact ) Tj ET Q q 0 0 0 rg BT 423.66 683.10 Td (a ) Tj ET Q q 0 0 0 rg BT 431.29 683.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 450.04 683.10 Td (if ) Tj ET Q q 0 0 0 rg BT 459.34 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.75 683.10 Td (service ) Tj ET Q q 0 0 0 rg BT 506.26 683.10 Td (was ) Tj ET Q q 0 0 0 rg BT 525.01 683.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 544.87 683.10 Td (on ) Tj ET Q q 0 0 0 rg BT 558.07 683.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 94.32 671.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 118.73 671.10 Td (When ) Tj ET Q q 0 0 0 rg BT 144.66 671.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 194.49 671.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 217.28 671.10 Td (,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.78 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.84 671.10 Td (we ) Tj ET Q q 0 0 0 rg BT 235.55 671.10 Td (review ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.82 671.10 Td (company ) Tj ET Q q 0 0 0 rg BT 303.53 671.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 336.68 671.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 365.94 671.10 Td (used ) Tj ET Q q 0 0 0 rg BT 386.32 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.16 671.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 438.19 671.10 Td (list ) Tj ET Q q 0 0 0 rg BT 452.48 671.10 Td (price ) Tj ET Q q 0 0 0 rg BT 474.52 671.10 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.96 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.01 671.10 Td (make ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.72 671.10 Td (adjustments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 659.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.22 659.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 108.15 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.32 659.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 146.24 659.10 Td (current ) Tj ET Q q 0 0 0 rg BT 176.95 659.10 Td (market ) Tj ET Q q 0 0 0 rg BT 207.10 659.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 251.16 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.99 659.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 298.71 659.10 Td (behavior) Tj ET Q q 0 0 0 rg BT 333.14 659.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.64 659.10 Td ( ) Tj ET Q q 0 0 0 rg BT 338.03 659.10 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.97 659.10 Td (process ) Tj ET Q q 0 0 0 rg BT 388.36 659.10 Td (for ) Tj ET Q q 0 0 0 rg BT 402.41 659.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 452.57 659.10 Td (list ) Tj ET Q q 0 0 0 rg BT 467.19 659.10 Td (price ) Tj ET Q q 0 0 0 rg BT 489.57 659.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 525.28 659.10 Td (assessing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.87 647.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 84.12 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.05 647.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 128.75 647.10 Td (a ) Tj ET Q q 0 0 0 rg BT 136.34 647.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 177.80 647.10 Td (product ) Tj ET Q q 0 0 0 rg BT 211.49 647.10 Td (or ) Tj ET Q q 0 0 0 rg BT 222.97 647.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 256.94 647.10 Td (surveying ) Tj ET Q q 0 0 0 rg BT 299.52 647.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 343.22 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.15 647.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 397.28 647.10 Td (market ) Tj ET Q q 0 0 0 rg BT 428.19 647.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 483.82 647.10 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 525.84 647.10 Td (customer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 635.10 Td (demographics ) Tj ET Q q 0 0 0 rg BT 107.64 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.12 635.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 151.16 635.10 Td (into ) Tj ET Q q 0 0 0 rg BT 168.76 635.10 Td (account ) Tj ET Q q 0 0 0 rg BT 201.90 635.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 231.71 635.10 Td (products ) Tj ET Q q 0 0 0 rg BT 268.19 635.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.68 635.10 Td (services ) Tj ET Q q 0 0 0 rg BT 318.93 635.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 365.96 635.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 384.67 635.10 Td (by) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.67 635.10 Td ( ) Tj ET Q q 0 0 0 rg BT 396.72 635.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 410.00 635.10 Td (W) Tj ET Q q 0 0 0 rg BT 418.64 635.10 Td (e ) Tj ET Q q 0 0 0 rg BT 425.12 635.10 Td (continue ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.60 635.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.42 635.10 Td (review ) Tj ET Q q 0 0 0 rg BT 500.67 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.93 635.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 544.18 635.10 Td (used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 623.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 623.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 97.27 623.10 Td (list ) Tj ET Q q 0 0 0 rg BT 112.00 623.10 Td (price ) Tj ET Q q 0 0 0 rg BT 134.49 623.10 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.92 623.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.42 623.10 Td (adjust ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.81 623.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 201.34 623.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.84 623.10 Td (as ) Tj ET Q q 0 0 0 rg BT 214.67 623.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 252.89 623.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.39 623.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 602.10 Td (Because) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.32 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.79 602.10 Td (we ) Tj ET Q q 0 0 0 rg BT 121.92 602.10 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.27 602.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 190.72 602.10 Td (that ) Tj ET Q q 0 0 0 rg BT 208.19 602.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 238.25 602.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 266.83 602.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 282.46 602.10 Td (TPE ) Tj ET Q q 0 0 0 rg BT 302.71 602.10 Td (is ) Tj ET Q q 0 0 0 rg BT 311.85 602.10 Td (available,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.44 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.91 602.10 Td (we ) Tj ET Q q 0 0 0 rg BT 367.04 602.10 Td (use ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.84 602.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 406.37 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.85 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.10 602.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 452.66 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.35 602.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 496.48 602.10 Td (price ) Tj ET Q q 0 0 0 rg BT 518.94 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.19 602.10 Td (multiple ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 88.61 590.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.95 590.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 152.40 590.10 Td (services ) Tj ET Q q 0 0 0 rg BT 188.17 590.10 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 247.84 590.10 Td (The ) Tj ET Q q 0 0 0 rg BT 266.95 590.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 300.51 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.41 590.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 347.62 590.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 387.27 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.61 590.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 439.38 590.10 Td (items ) Tj ET Q q 0 0 0 rg BT 464.61 590.10 Td (is ) Tj ET Q q 0 0 0 rg BT 474.84 590.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 506.74 590.10 Td (by ) Tj ET Q q 0 0 0 rg BT 520.30 590.10 Td (contingent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 86.15 578.10 Td (if ) Tj ET Q q 0 0 0 rg BT 94.75 578.10 Td (any) Tj ET Q q 0 0 0 rg BT 108.54 578.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 557.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.85 557.10 Td (order ) Tj ET Q q 0 0 0 rg BT 107.96 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.75 557.10 Td (treat ) Tj ET Q q 0 0 0 rg BT 139.53 557.10 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 190.86 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.65 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 209.10 557.10 Td (multiple-deliverable ) Tj ET Q q 0 0 0 rg BT 293.20 557.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 346.18 557.10 Td (as ) Tj ET Q q 0 0 0 rg BT 357.53 557.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 393.30 557.10 Td (units ) Tj ET Q q 0 0 0 rg BT 415.76 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.11 557.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 476.49 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.73 557.10 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 543.05 557.10 Td (must ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (have ) Tj ET Q q 0 0 0 rg BT 72.02 545.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 118.44 545.10 Td (value ) Tj ET Q q 0 0 0 rg BT 143.74 545.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 167.39 545.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 199.50 545.10 Td (. ) Tj ET Q q 0 0 0 rg BT 205.65 545.10 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 259.85 545.10 Td (services ) Tj ET Q q 0 0 0 rg BT 295.71 545.10 Td (have ) Tj ET Q q 0 0 0 rg BT 318.23 545.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 364.64 545.10 Td (value ) Tj ET Q q 0 0 0 rg BT 389.94 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 401.92 545.10 Td (such ) Tj ET Q q 0 0 0 rg BT 423.90 545.10 Td (services ) Tj ET Q q 0 0 0 rg BT 459.75 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 475.61 545.10 Td (often ) Tj ET Q q 0 0 0 rg BT 499.80 545.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 520.12 545.10 Td (separately) Tj ET Q q 0 0 0 rg BT 560.00 545.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.40 533.10 Td (,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.90 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.72 533.10 Td (we ) Tj ET Q q 0 0 0 rg BT 117.20 533.10 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.90 533.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 180.81 533.10 Td (that ) Tj ET Q q 0 0 0 rg BT 197.62 533.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 248.32 533.10 Td (services ) Tj ET Q q 0 0 0 rg BT 282.34 533.10 Td (have ) Tj ET Q q 0 0 0 rg BT 303.04 533.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 347.62 533.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 373.60 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.42 533.10 Td (In ) Tj ET Q q 0 0 0 rg BT 385.56 533.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 435.16 533.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 479.74 533.10 Td (value,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.89 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 505.71 533.10 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.19 533.10 Td (considered ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.47 521.10 Td (following ) Tj ET Q q 0 0 0 rg BT 106.11 521.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 136.08 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 150.49 521.10 Td (each ) Tj ET Q q 0 0 0 rg BT 171.56 521.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 223.20 521.10 Td (services ) Tj ET Q q 0 0 0 rg BT 258.16 521.10 Td (agreement: ) Tj ET Q q 0 0 0 rg BT 305.33 521.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 353.07 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.16 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.13 521.10 Td (services ) Tj ET Q q 0 0 0 rg BT 414.09 521.10 Td (from ) Tj ET Q q 0 0 0 rg BT 436.29 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 459.59 521.10 Td (vendors, ) Tj ET Q q 0 0 0 rg BT 496.50 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.48 521.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 539.22 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 521.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 101.68 509.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 139.69 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.44 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.96 509.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 202.38 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.01 509.10 Td (when ) Tj ET Q q 0 0 0 rg BT 238.98 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.50 509.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 306.68 509.10 Td (services ) Tj ET Q q 0 0 0 rg BT 342.19 509.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 377.70 509.10 Td (was ) Tj ET Q q 0 0 0 rg BT 396.55 509.10 Td (signed ) Tj ET Q q 0 0 0 rg BT 425.97 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.05 509.10 Td (comparison ) Tj ET Q q 0 0 0 rg BT 487.01 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.09 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.61 509.10 Td (subscription ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (service ) Tj ET Q q 0 0 0 rg BT 80.32 497.10 Td (start ) Tj ET Q q 0 0 0 rg BT 100.03 497.10 Td (date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 476.10 Td (For ) Tj ET Q q 0 0 0 rg BT 90.44 476.10 Td (software ) Tj ET Q q 0 0 0 rg BT 128.92 476.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 186.83 476.10 Td (with ) Tj ET Q q 0 0 0 rg BT 208.66 476.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 246.04 476.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 285.63 476.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 309.95 476.10 Td (undelivered ) Tj ET Q q 0 0 0 rg BT 361.20 476.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 415.77 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.26 476.10 Td (support ) Tj ET Q q 0 0 0 rg BT 468.31 476.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 508.46 476.10 Td (bundled ) Tj ET Q q 0 0 0 rg BT 544.72 476.10 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (licenses\), ) Tj ET Q q 0 0 0 rg BT 89.30 464.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 123.26 464.10 Td (is ) Tj ET Q q 0 0 0 rg BT 132.25 464.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 170.65 464.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.75 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.28 464.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 234.80 464.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 272.66 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.30 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.83 464.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 350.12 464.10 Td (when ) Tj ET Q q 0 0 0 rg BT 373.93 464.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 402.36 464.10 Td (is ) Tj ET Q q 0 0 0 rg BT 411.35 464.10 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 468.36 464.10 Td (using ) Tj ET Q q 0 0 0 rg BT 492.34 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.88 464.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 540.85 464.10 Td (value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (method ) Tj ET Q q 0 0 0 rg BT 81.67 452.10 Td (based ) Tj ET Q q 0 0 0 rg BT 106.62 452.10 Td (on ) Tj ET Q q 0 0 0 rg BT 118.80 452.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 157.63 452.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 195.34 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.85 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.25 452.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 236.30 452.10 Td (value ) Tj ET Q q 0 0 0 rg BT 260.14 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.65 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.04 452.10 Td (undelivered ) Tj ET Q q 0 0 0 rg BT 334.42 452.10 Td (elements, ) Tj ET Q q 0 0 0 rg BT 374.65 452.10 Td (which ) Tj ET Q q 0 0 0 rg BT 401.26 452.10 Td (is ) Tj ET Q q 0 0 0 rg BT 410.11 452.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 443.39 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.34 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.74 452.10 Td (Company) Tj ET Q q 0 0 0 rg BT 505.98 452.10 Td (. ) Tj ET Q q 0 0 0 rg BT 510.50 452.10 Td (When ) Tj ET Q q 0 0 0 rg BT 536.40 452.10 Td (VSOE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.77 440.10 Td (not ) Tj ET Q q 0 0 0 rg BT 74.14 440.10 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 131.43 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.24 440.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 171.60 440.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 224.17 440.10 Td (is ) Tj ET Q q 0 0 0 rg BT 233.43 440.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 279.89 440.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 310.25 440.10 Td (over ) Tj ET Q q 0 0 0 rg BT 330.61 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.43 440.10 Td (term ) Tj ET Q q 0 0 0 rg BT 366.35 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.27 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.08 440.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 429.38 440.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 466.96 440.10 Td (is ) Tj ET Q q 0 0 0 rg BT 476.23 440.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 522.68 440.10 Td (under ) Tj ET Q q 0 0 0 rg BT 548.05 440.10 Td (this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (model ) Tj ET Q q 0 0 0 rg BT 75.92 428.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 97.34 428.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 125.97 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.73 428.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 154.92 428.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 190.78 428.10 Td (from ) Tj ET Q q 0 0 0 rg BT 211.64 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.28 428.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 263.36 428.10 Td (if ) Tj ET Q q 0 0 0 rg BT 270.90 428.10 Td (collectability ) Tj ET Q q 0 0 0 rg BT 324.52 428.10 Td (is ) Tj ET Q q 0 0 0 rg BT 332.62 428.10 Td (not ) Tj ET Q q 0 0 0 rg BT 346.82 428.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 391.56 428.10 Td (assured ) Tj ET Q q 0 0 0 rg BT 422.98 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.84 428.10 Td (when ) Tj ET Q q 0 0 0 rg BT 461.92 428.10 Td (other ) Tj ET Q q 0 0 0 rg BT 483.90 428.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 516.97 428.10 Td (recognition ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 79.76 416.10 Td (have ) Tj ET Q q 0 0 0 rg BT 100.59 416.10 Td (been ) Tj ET Q q 0 0 0 rg BT 121.42 416.10 Td (met. ) Tj ET Q q 0 0 0 rg BT 140.72 416.10 Td (The ) Tj ET Q q 0 0 0 rg BT 158.08 416.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 186.14 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.42 416.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 212.25 416.10 Td (value ) Tj ET Q q 0 0 0 rg BT 235.86 416.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.47 416.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 301.94 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.33 416.10 Td (support ) Tj ET Q q 0 0 0 rg BT 350.28 416.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 396.68 416.10 Td (related ) Tj ET Q q 0 0 0 rg BT 425.83 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.56 416.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 469.17 416.10 Td (is ) Tj ET Q q 0 0 0 rg BT 477.79 416.10 Td (based ) Tj ET Q q 0 0 0 rg BT 502.51 416.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 524.46 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.62 416.10 Td (prices ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.39 404.10 Td (for ) Tj ET Q q 0 0 0 rg BT 83.72 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.60 404.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 134.03 404.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 168.34 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.34 404.10 Td (these ) Tj ET Q q 0 0 0 rg BT 202.56 404.10 Td (services ) Tj ET Q q 0 0 0 rg BT 237.44 404.10 Td (by ) Tj ET Q q 0 0 0 rg BT 250.11 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.99 404.10 Td (customer) Tj ET Q q 0 0 0 rg BT 301.10 404.10 Td (. ) Tj ET Q q 0 0 0 rg BT 306.27 404.10 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 360.58 404.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 398.78 404.10 Td (are ) Tj ET Q q 0 0 0 rg BT 413.66 404.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 460.19 404.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 490.63 404.10 Td (over ) Tj ET Q q 0 0 0 rg BT 511.07 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.95 404.10 Td (period ) Tj ET Q q 0 0 0 rg BT 554.17 404.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 392.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 117.24 392.10 Td (contract.) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 365.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 85.11 365.80 Td (T) Tj ET Q q 0 0 0 rg BT 90.30 365.80 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 349.40 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 349.40 Td (e ) Tj ET Q q 0 0 0 rg BT 86.96 349.40 Td (account ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.44 349.40 Td (for ) Tj ET Q q 0 0 0 rg BT 132.48 349.40 Td (income ) Tj ET Q q 0 0 0 rg BT 163.30 349.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 185.23 349.40 Td (under ) Tj ET Q q 0 0 0 rg BT 209.38 349.40 Td (the ) Tj ET Q q 0 0 0 rg BT 222.98 349.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 243.80 349.40 Td (and ) Tj ET Q q 0 0 0 rg BT 259.62 349.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 292.11 349.40 Td (method, ) Tj ET Q q 0 0 0 rg BT 325.99 349.40 Td (which ) Tj ET Q q 0 0 0 rg BT 351.81 349.40 Td (requires ) Tj ET Q q 0 0 0 rg BT 385.40 349.40 Td (the ) Tj ET Q q 0 0 0 rg BT 399.00 349.40 Td (recognition ) Tj ET Q q 0 0 0 rg BT 445.93 349.40 Td (of ) Tj ET Q q 0 0 0 rg BT 455.64 349.40 Td (taxes ) Tj ET Q q 0 0 0 rg BT 477.57 349.40 Td (payable ) Tj ET Q q 0 0 0 rg BT 510.05 349.40 Td (or ) Tj ET Q q 0 0 0 rg BT 519.76 349.40 Td (refundable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 337.40 Td (for ) Tj ET Q q 0 0 0 rg BT 63.70 337.40 Td (the ) Tj ET Q q 0 0 0 rg BT 78.46 337.40 Td (current ) Tj ET Q q 0 0 0 rg BT 109.31 337.40 Td (year) Tj ET Q q 0 0 0 rg BT 126.12 337.40 Td (, ) Tj ET Q q 0 0 0 rg BT 131.16 337.40 Td (and ) Tj ET Q q 0 0 0 rg BT 148.14 337.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 183.99 337.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 198.74 337.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 238.50 337.40 Td (and ) Tj ET Q q 0 0 0 rg BT 255.48 337.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 281.35 337.40 Td (for ) Tj ET Q q 0 0 0 rg BT 295.55 337.40 Td (the ) Tj ET Q q 0 0 0 rg BT 310.31 337.40 Td (future ) Tj ET Q q 0 0 0 rg BT 336.73 337.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 351.48 337.40 Td (consequences ) Tj ET Q q 0 0 0 rg BT 409.00 337.40 Td (of ) Tj ET Q q 0 0 0 rg BT 419.87 337.40 Td (events ) Tj ET Q q 0 0 0 rg BT 447.96 337.40 Td (that ) Tj ET Q q 0 0 0 rg BT 465.49 337.40 Td (have ) Tj ET Q q 0 0 0 rg BT 486.91 337.40 Td (been ) Tj ET Q q 0 0 0 rg BT 508.33 337.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 554.73 337.40 Td (in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.51 337.40 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 325.40 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.48 325.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 103.11 325.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 147.97 325.40 Td (or ) Tj ET Q q 0 0 0 rg BT 158.94 325.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 173.81 325.40 Td (returns. ) Tj ET Q q 0 0 0 rg BT 206.53 325.40 Td (The ) Tj ET Q q 0 0 0 rg BT 224.73 325.40 Td (measurement ) Tj ET Q q 0 0 0 rg BT 280.69 325.40 Td (of ) Tj ET Q q 0 0 0 rg BT 291.67 325.40 Td (current ) Tj ET Q q 0 0 0 rg BT 322.63 325.40 Td (and ) Tj ET Q q 0 0 0 rg BT 339.72 325.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 375.67 325.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 390.53 325.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 430.40 325.40 Td (and ) Tj ET Q q 0 0 0 rg BT 447.48 325.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 473.46 325.40 Td (is ) Tj ET Q q 0 0 0 rg BT 482.78 325.40 Td (based ) Tj ET Q q 0 0 0 rg BT 508.20 325.40 Td (on ) Tj ET Q q 0 0 0 rg BT 520.85 325.40 Td (provisions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 313.40 Td (of ) Tj ET Q q 0 0 0 rg BT 60.37 313.40 Td (the ) Tj ET Q q 0 0 0 rg BT 75.12 313.40 Td (enacted ) Tj ET Q q 0 0 0 rg BT 108.19 313.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 122.95 313.40 Td (law; ) Tj ET Q q 0 0 0 rg BT 142.70 313.40 Td (the ) Tj ET Q q 0 0 0 rg BT 157.46 313.40 Td (ef) Tj ET Q q 0 0 0 rg BT 165.05 313.40 Td (fects ) Tj ET Q q 0 0 0 rg BT 186.46 313.40 Td (of ) Tj ET Q q 0 0 0 rg BT 197.33 313.40 Td (future ) Tj ET Q q 0 0 0 rg BT 223.74 313.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 258.49 313.40 Td (in ) Tj ET Q q 0 0 0 rg BT 268.81 313.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 283.56 313.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 304.43 313.40 Td (or ) Tj ET Q q 0 0 0 rg BT 315.30 313.40 Td (rates ) Tj ET Q q 0 0 0 rg BT 336.71 313.40 Td (are ) Tj ET Q q 0 0 0 rg BT 351.46 313.40 Td (not ) Tj ET Q q 0 0 0 rg BT 366.77 313.40 Td (anticipated. ) Tj ET Q q 0 0 0 rg BT 415.50 313.40 Td (V) Tj ET Q q 0 0 0 rg BT 421.61 313.40 Td (aluation ) Tj ET Q q 0 0 0 rg BT 456.36 313.40 Td (allowances ) Tj ET Q q 0 0 0 rg BT 503.32 313.40 Td (are ) Tj ET Q q 0 0 0 rg BT 518.07 313.40 Td (established ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 301.40 Td (when ) Tj ET Q q 0 0 0 rg BT 73.66 301.40 Td (necessary ) Tj ET Q q 0 0 0 rg BT 115.03 301.40 Td (to ) Tj ET Q q 0 0 0 rg BT 125.31 301.40 Td (reduce ) Tj ET Q q 0 0 0 rg BT 154.45 301.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 190.26 301.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 204.97 301.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 230.80 301.40 Td (to ) Tj ET Q q 0 0 0 rg BT 241.08 301.40 Td (the ) Tj ET Q q 0 0 0 rg BT 255.80 301.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 288.29 301.40 Td (that) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.29 301.40 Td ( ) Tj ET Q q 0 0 0 rg BT 305.79 301.40 Td (we ) Tj ET Q q 0 0 0 rg BT 319.95 301.40 Td (believe ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.32 301.40 Td (is ) Tj ET Q q 0 0 0 rg BT 360.49 301.40 Td (more ) Tj ET Q q 0 0 0 rg BT 383.54 301.40 Td (likely ) Tj ET Q q 0 0 0 rg BT 408.81 301.40 Td (than ) Tj ET Q q 0 0 0 rg BT 428.53 301.40 Td (not ) Tj ET Q q 0 0 0 rg BT 443.81 301.40 Td (to ) Tj ET Q q 0 0 0 rg BT 454.08 301.40 Td (be ) Tj ET Q q 0 0 0 rg BT 466.02 301.40 Td (realized.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.16 301.40 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 285.00 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 285.00 Td (e ) Tj ET Q q 0 0 0 rg BT 89.06 285.00 Td (operate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.96 285.00 Td (in ) Tj ET Q q 0 0 0 rg BT 133.22 285.00 Td (various ) Tj ET Q q 0 0 0 rg BT 166.14 285.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 181.84 285.00 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 234.77 285.00 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.20 285.00 Td ( ) Tj ET Q q 0 0 0 rg BT 252.69 285.00 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.37 285.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 300.18 285.00 Td (to ) Tj ET Q q 0 0 0 rg BT 311.44 285.00 Td (audit ) Tj ET Q q 0 0 0 rg BT 334.92 285.00 Td (by ) Tj ET Q q 0 0 0 rg BT 348.40 285.00 Td (various ) Tj ET Q q 0 0 0 rg BT 381.32 285.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 397.02 285.00 Td (authorities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.73 285.00 Td ( ) Tj ET Q q 0 0 0 rg BT 444.96 285.00 Td (W) Tj ET Q q 0 0 0 rg BT 453.60 285.00 Td (e ) Tj ET Q q 0 0 0 rg BT 461.52 285.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 495.54 285.00 Td (for ) Tj ET Q q 0 0 0 rg BT 510.69 285.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 526.38 285.00 Td (positions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 273.00 Td (whenever ) Tj ET Q q 0 0 0 rg BT 90.65 273.00 Td (it ) Tj ET Q q 0 0 0 rg BT 98.49 273.00 Td (is ) Tj ET Q q 0 0 0 rg BT 107.44 273.00 Td (deemed ) Tj ET Q q 0 0 0 rg BT 140.82 273.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 165.87 273.00 Td (that ) Tj ET Q q 0 0 0 rg BT 183.15 273.00 Td (a ) Tj ET Q q 0 0 0 rg BT 189.87 273.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 204.37 273.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 226.09 273.00 Td (has ) Tj ET Q q 0 0 0 rg BT 241.71 273.00 Td (been ) Tj ET Q q 0 0 0 rg BT 262.87 273.00 Td (impaired ) Tj ET Q q 0 0 0 rg BT 300.69 273.00 Td (or ) Tj ET Q q 0 0 0 rg BT 311.30 273.00 Td (a ) Tj ET Q q 0 0 0 rg BT 318.03 273.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 332.52 273.00 Td (liability ) Tj ET Q q 0 0 0 rg BT 365.92 273.00 Td (has ) Tj ET Q q 0 0 0 rg BT 381.53 273.00 Td (been ) Tj ET Q q 0 0 0 rg BT 402.69 273.00 Td (incurred ) Tj ET Q q 0 0 0 rg BT 438.29 273.00 Td (for ) Tj ET Q q 0 0 0 rg BT 452.23 273.00 Td (events ) Tj ET Q q 0 0 0 rg BT 480.06 273.00 Td (such ) Tj ET Q q 0 0 0 rg BT 500.67 273.00 Td (as ) Tj ET Q q 0 0 0 rg BT 511.28 273.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 525.78 273.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 554.17 273.00 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 261.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.71 261.00 Td (in ) Tj ET Q q 0 0 0 rg BT 95.49 261.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 110.71 261.00 Td (laws. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.88 261.00 Td (A) Tj ET Q q 0 0 0 rg BT 140.55 261.00 Td ( ) Tj ET Q q 0 0 0 rg BT 143.55 261.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 158.77 261.00 Td (position ) Tj ET Q q 0 0 0 rg BT 194.00 261.00 Td (is ) Tj ET Q q 0 0 0 rg BT 203.68 261.00 Td (only ) Tj ET Q q 0 0 0 rg BT 224.46 261.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 271.32 261.00 Td (in ) Tj ET Q q 0 0 0 rg BT 282.10 261.00 Td (the ) Tj ET Q q 0 0 0 rg BT 297.32 261.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 335.31 261.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 380.52 261.00 Td (if ) Tj ET Q q 0 0 0 rg BT 389.63 261.00 Td (it ) Tj ET Q q 0 0 0 rg BT 398.19 261.00 Td (is ) Tj ET Q q 0 0 0 rg BT 407.87 261.00 Td (more ) Tj ET Q q 0 0 0 rg BT 435.85 261.00 Td (likely ) Tj ET Q q 0 0 0 rg BT 461.63 261.00 Td (than ) Tj ET Q q 0 0 0 rg BT 481.85 261.00 Td (not ) Tj ET Q q 0 0 0 rg BT 502.07 261.00 Td (to ) Tj ET Q q 0 0 0 rg BT 512.85 261.00 Td (be ) Tj ET Q q 0 0 0 rg BT 525.29 261.00 Td (sustained ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 249.00 Td (based ) Tj ET Q q 0 0 0 rg BT 74.77 249.00 Td (solely ) Tj ET Q q 0 0 0 rg BT 101.16 249.00 Td (on ) Tj ET Q q 0 0 0 rg BT 113.66 249.00 Td (its ) Tj ET Q q 0 0 0 rg BT 125.60 249.00 Td (technical ) Tj ET Q q 0 0 0 rg BT 164.19 249.00 Td (merits ) Tj ET Q q 0 0 0 rg BT 191.69 249.00 Td (as ) Tj ET Q q 0 0 0 rg BT 202.52 249.00 Td (of ) Tj ET Q q 0 0 0 rg BT 213.35 249.00 Td (the ) Tj ET Q q 0 0 0 rg BT 228.06 249.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 267.22 249.00 Td (date.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 227.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 227.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.46 227.10 Td (consider ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.22 227.10 Td (many ) Tj ET Q q 0 0 0 rg BT 150.32 227.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 180.41 227.10 Td (when ) Tj ET Q q 0 0 0 rg BT 204.95 227.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 249.49 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.81 227.10 Td (estimating) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.47 227.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.35 227.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.57 227.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 342.67 227.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 381.67 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.99 227.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 414.09 227.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 451.13 227.10 Td (which ) Tj ET Q q 0 0 0 rg BT 478.45 227.10 Td (may ) Tj ET Q q 0 0 0 rg BT 498.55 227.10 Td (require ) Tj ET Q q 0 0 0 rg BT 529.75 227.10 Td (periodic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (adjustments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.27 215.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.83 215.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.83 215.10 Td (which ) Tj ET Q q 0 0 0 rg BT 143.82 215.10 Td (may ) Tj ET Q q 0 0 0 rg BT 163.60 215.10 Td (not ) Tj ET Q q 0 0 0 rg BT 178.93 215.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 222.57 215.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 264.00 215.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 290.42 215.10 Td (outcomes. ) Tj ET Q q 0 0 0 rg BT 333.81 215.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 351.92 215.10 Td (judgments, ) Tj ET Q q 0 0 0 rg BT 398.64 215.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 450.65 215.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.64 215.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 507.41 215.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 539.95 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 215.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (current ) Tj ET Q q 0 0 0 rg BT 80.40 203.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 120.75 203.10 Td (for ) Tj ET Q q 0 0 0 rg BT 134.99 203.10 Td (income ) Tj ET Q q 0 0 0 rg BT 167.01 203.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 181.80 203.10 Td (take ) Tj ET Q q 0 0 0 rg BT 201.04 203.10 Td (into ) Tj ET Q q 0 0 0 rg BT 219.17 203.10 Td (account ) Tj ET Q q 0 0 0 rg BT 252.85 203.10 Td (current ) Tj ET Q q 0 0 0 rg BT 283.74 203.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 298.54 203.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 321.95 203.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.86 203.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 394.30 203.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.21 203.10 Td (current ) Tj ET Q q 0 0 0 rg BT 436.11 203.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 450.91 203.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 471.81 203.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.83 203.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 524.19 203.10 Td (outcomes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.51 191.10 Td (current ) Tj ET Q q 0 0 0 rg BT 91.50 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.62 191.10 Td (future ) Tj ET Q q 0 0 0 rg BT 135.17 191.10 Td (audits ) Tj ET Q q 0 0 0 rg BT 161.73 191.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 205.50 191.10 Td (by ) Tj ET Q q 0 0 0 rg BT 218.18 191.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 256.96 191.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 271.86 191.10 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 319.25 191.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 356.36 191.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.82 191.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 381.71 191.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 402.72 191.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.73 191.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.73 191.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 486.28 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.29 191.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 512.18 191.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 533.19 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 191.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 92.14 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.11 179.10 Td (current ) Tj ET Q q 0 0 0 rg BT 134.07 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.16 179.10 Td (future ) Tj ET Q q 0 0 0 rg BT 177.68 179.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 192.54 179.10 Td (audits ) Tj ET Q q 0 0 0 rg BT 219.07 179.10 Td (could ) Tj ET Q q 0 0 0 rg BT 243.93 179.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 296.56 179.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 326.42 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.28 179.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 377.81 179.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 416.00 179.10 Td (for ) Tj ET Q q 0 0 0 rg BT 430.31 179.10 Td (income ) Tj ET Q q 0 0 0 rg BT 462.38 179.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 485.57 179.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.00 179.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.97 179.10 Td (consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 167.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 82.42 167.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 109.24 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.06 167.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 178.99 167.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 223.58 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.30 167.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 297.22 167.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 331.36 167.10 Td (W) Tj ET Q q 0 0 0 rg BT 340.00 167.10 Td (e ) Tj ET Q q 0 0 0 rg BT 346.82 167.10 Td (must ) Tj ET Q q 0 0 0 rg BT 368.65 167.10 Td (also ) Tj ET Q q 0 0 0 rg BT 387.15 167.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 413.97 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.58 167.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 471.51 167.10 Td (that ) Tj ET Q q 0 0 0 rg BT 488.89 167.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 524.58 167.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 539.18 167.10 Td (assets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 155.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.56 155.10 Td (be ) Tj ET Q q 0 0 0 rg BT 79.50 155.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 113.64 155.10 Td (from ) Tj ET Q q 0 0 0 rg BT 135.57 155.10 Td (future ) Tj ET Q q 0 0 0 rg BT 161.95 155.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 193.32 155.10 Td (income ) Tj ET Q q 0 0 0 rg BT 225.26 155.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 244.70 155.10 Td (based ) Tj ET Q q 0 0 0 rg BT 269.96 155.10 Td (on ) Tj ET Q q 0 0 0 rg BT 282.46 155.10 Td (this ) Tj ET Q q 0 0 0 rg BT 299.41 155.10 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 348.85 155.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 386.35 155.10 Td (a ) Tj ET Q q 0 0 0 rg BT 393.28 155.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 433.00 155.10 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 478.53 155.10 Td (if ) Tj ET Q q 0 0 0 rg BT 487.14 155.10 Td (required.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 133.20 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.63 133.20 Td (determination ) Tj ET Q q 0 0 0 rg BT 148.74 133.20 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.07 133.20 Td ( ) Tj ET Q q 0 0 0 rg BT 159.65 133.20 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.56 133.20 Td (valuation ) Tj ET Q q 0 0 0 rg BT 215.35 133.20 Td (allowance ) Tj ET Q q 0 0 0 rg BT 258.46 133.20 Td (is ) Tj ET Q q 0 0 0 rg BT 267.70 133.20 Td (based ) Tj ET Q q 0 0 0 rg BT 293.05 133.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 315.63 133.20 Td (a ) Tj ET Q q 0 0 0 rg BT 322.64 133.20 Td (number ) Tj ET Q q 0 0 0 rg BT 355.77 133.20 Td (of ) Tj ET Q q 0 0 0 rg BT 366.67 133.20 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 421.20 133.20 Td (judgments ) Tj ET Q q 0 0 0 rg BT 465.44 133.20 Td (and ) Tj ET Q q 0 0 0 rg BT 482.46 133.20 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 524.75 133.20 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 121.20 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 94.77 121.20 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 135.34 121.20 Td (future ) Tj ET Q q 0 0 0 rg BT 163.41 121.20 Td (taxable ) Tj ET Q q 0 0 0 rg BT 196.47 121.20 Td (income ) Tj ET Q q 0 0 0 rg BT 230.10 121.20 Td (and ) Tj ET Q q 0 0 0 rg BT 248.73 121.20 Td (the ) Tj ET Q q 0 0 0 rg BT 265.14 121.20 Td (relative ) Tj ET Q q 0 0 0 rg BT 299.31 121.20 Td (proportions ) Tj ET Q q 0 0 0 rg BT 349.61 121.20 Td (of ) Tj ET Q q 0 0 0 rg BT 362.13 121.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 397.96 121.20 Td (and ) Tj ET Q q 0 0 0 rg BT 416.59 121.20 Td (income ) Tj ET Q q 0 0 0 rg BT 450.22 121.20 Td (before ) Tj ET Q q 0 0 0 rg BT 479.95 121.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 504.68 121.20 Td (in ) Tj ET Q q 0 0 0 rg BT 516.65 121.20 Td (the ) Tj ET Q q 0 0 0 rg BT 533.06 121.20 Td (various ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 109.20 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 101.20 109.20 Td (in ) Tj ET Q q 0 0 0 rg BT 111.24 109.20 Td (which) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.68 109.20 Td ( ) Tj ET Q q 0 0 0 rg BT 137.94 109.20 Td (we ) Tj ET Q q 0 0 0 rg BT 151.85 109.20 Td (operate. ) Tj ET Q q 0 0 0 rg BT 185.87 109.20 Td (T) Tj ET Q q 0 0 0 rg BT 191.28 109.20 Td (o ) Tj ET Q q 0 0 0 rg BT 198.54 109.20 Td (the ) Tj ET Q q 0 0 0 rg BT 213.02 109.20 Td (extent ) Tj ET Q q 0 0 0 rg BT 239.71 109.20 Td (we ) Tj ET Q q 0 0 0 rg BT 253.63 109.20 Td (establish ) Tj ET Q q 0 0 0 rg BT 290.88 109.20 Td (a ) Tj ET Q q 0 0 0 rg BT 297.58 109.20 Td (valuation ) Tj ET Q q 0 0 0 rg BT 337.05 109.20 Td (allowance ) Tj ET Q q 0 0 0 rg BT 379.84 109.20 Td (or ) Tj ET Q q 0 0 0 rg BT 390.43 109.20 Td (change ) Tj ET Q q 0 0 0 rg BT 421.00 109.20 Td (the ) Tj ET Q q 0 0 0 rg BT 435.47 109.20 Td (valuation ) Tj ET Q q 0 0 0 rg BT 474.94 109.20 Td (allowance ) Tj ET Q q 0 0 0 rg BT 517.74 109.20 Td (in ) Tj ET Q q 0 0 0 rg BT 527.77 109.20 Td (a ) Tj ET Q q 0 0 0 rg BT 534.47 109.20 Td (period, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 97.20 Td (we ) Tj ET Q q 0 0 0 rg BT 62.56 97.20 Td (reflect ) Tj ET Q q 0 0 0 rg BT 89.49 97.20 Td (the ) Tj ET Q q 0 0 0 rg BT 103.10 97.20 Td (change ) Tj ET Q q 0 0 0 rg BT 132.81 97.20 Td (with ) Tj ET Q q 0 0 0 rg BT 151.99 97.20 Td (a ) Tj ET Q q 0 0 0 rg BT 157.82 97.20 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 216.42 97.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 250.57 97.20 Td (or ) Tj ET Q q 0 0 0 rg BT 260.30 97.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 296.11 97.20 Td (to ) Tj ET Q q 0 0 0 rg BT 305.29 97.20 Td (our ) Tj ET Q q 0 0 0 rg BT 320.01 97.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 333.63 97.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 372.80 97.20 Td (in ) Tj ET Q q 0 0 0 rg BT 381.98 97.20 Td (our ) Tj ET Q q 0 0 0 rg BT 396.70 97.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 448.64 97.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 492.25 97.20 Td (of ) Tj ET Q q 0 0 0 rg BT 501.98 97.20 Td (comprehensive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 85.20 Td (income.) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (35) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 740.25 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 103.44 740.25 Td (Compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 723.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 723.25 Td (e ) Tj ET Q q 0 0 0 rg BT 89.22 723.25 Td (recognize ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.73 723.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 188.92 723.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 223.77 723.25 Td (related ) Tj ET Q q 0 0 0 rg BT 253.62 723.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.04 723.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 287.79 723.25 Td (option ) Tj ET Q q 0 0 0 rg BT 316.00 723.25 Td (grants ) Tj ET Q q 0 0 0 rg BT 343.08 723.25 Td (that ) Tj ET Q q 0 0 0 rg BT 360.72 723.25 Td (are ) Tj ET Q q 0 0 0 rg BT 375.57 723.25 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 418.77 723.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 456.94 723.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.37 723.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 486.12 723.25 Td (based ) Tj ET Q q 0 0 0 rg BT 511.54 723.25 Td (on ) Tj ET Q q 0 0 0 rg BT 524.18 723.25 Td (estimated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 711.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.69 711.25 Td (values ) Tj ET Q q 0 0 0 rg BT 93.55 711.25 Td (on ) Tj ET Q q 0 0 0 rg BT 105.87 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.40 711.25 Td (date ) Tj ET Q q 0 0 0 rg BT 139.37 711.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.01 711.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 172.87 711.25 Td (using ) Tj ET Q q 0 0 0 rg BT 196.86 711.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.39 711.25 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 271.47 711.25 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 330.99 711.25 Td (model. ) Tj ET Q q 0 0 0 rg BT 360.80 711.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 383.12 711.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 417.64 711.25 Td (is ) Tj ET Q q 0 0 0 rg BT 426.62 711.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 472.80 711.25 Td (on ) Tj ET Q q 0 0 0 rg BT 485.12 711.25 Td (a ) Tj ET Q q 0 0 0 rg BT 491.87 711.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 542.50 711.25 Td (basis ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 699.25 Td (over ) Tj ET Q q 0 0 0 rg BT 70.34 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.62 699.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 123.13 699.25 Td (service ) Tj ET Q q 0 0 0 rg BT 154.51 699.25 Td (period ) Tj ET Q q 0 0 0 rg BT 183.13 699.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.52 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.81 699.25 Td (award, ) Tj ET Q q 0 0 0 rg BT 239.81 699.25 Td (which ) Tj ET Q q 0 0 0 rg BT 267.31 699.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 307.59 699.25 Td (equals ) Tj ET Q q 0 0 0 rg BT 336.20 699.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.49 699.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 383.44 699.25 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.49 699.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.88 699.25 Td (As ) Tj ET Q q 0 0 0 rg BT 428.06 699.25 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.39 699.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.46 699.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 498.62 699.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.62 699.25 Td (, ) Tj ET Q q 0 0 0 rg BT 524.18 699.25 Td (estimated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 687.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.89 687.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 133.95 687.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 156.46 687.25 Td (related ) Tj ET Q q 0 0 0 rg BT 186.18 687.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.47 687.25 Td (unvested ) Tj ET Q q 0 0 0 rg BT 234.53 687.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 258.16 687.25 Td (options ) Tj ET Q q 0 0 0 rg BT 290.12 687.25 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.84 687.25 Td ($4.8 ) Tj ET Q q 0 0 0 rg BT 324.86 687.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.75 687.25 Td ( ) Tj ET Q q 0 0 0 rg BT 356.26 687.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.56 687.25 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.56 687.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.57 687.25 Td ($3.6 ) Tj ET Q q 0 0 0 rg BT 411.58 687.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.48 687.25 Td ( ) Tj ET Q q 0 0 0 rg BT 442.99 687.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.28 687.25 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.28 687.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.30 687.25 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 498.31 687.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.21 687.25 Td ( ) Tj ET Q q 0 0 0 rg BT 529.72 687.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.01 687.25 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.01 687.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 675.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.44 675.25 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 86.44 675.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.33 675.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.83 675.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.11 675.25 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.11 675.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 658.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 658.25 Td (e ) Tj ET Q q 0 0 0 rg BT 88.97 658.25 Td (recognize ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.22 658.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 188.15 658.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 222.74 658.25 Td (related ) Tj ET Q q 0 0 0 rg BT 252.34 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 262.50 658.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 302.09 658.25 Td (awards, ) Tj ET Q q 0 0 0 rg BT 335.30 658.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 374.90 658.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 398.39 658.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 416.34 658.25 Td (awards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.66 658.25 Td (, ) Tj ET Q q 0 0 0 rg BT 449.55 658.25 Td (or ) Tj ET Q q 0 0 0 rg BT 460.27 658.25 Td (RSUs, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.50 658.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 541.41 658.25 Td (share ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 646.25 Td (awards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.82 646.25 Td (, ) Tj ET Q q 0 0 0 rg BT 82.69 646.25 Td (or ) Tj ET Q q 0 0 0 rg BT 93.39 646.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 146.32 646.25 Td (A) Tj ET Q q 0 0 0 rg BT 152.62 646.25 Td (wards, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.38 646.25 Td (based ) Tj ET Q q 0 0 0 rg BT 206.51 646.25 Td (on ) Tj ET Q q 0 0 0 rg BT 218.88 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.47 646.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 249.72 646.25 Td (market ) Tj ET Q q 0 0 0 rg BT 279.85 646.25 Td (value ) Tj ET Q q 0 0 0 rg BT 303.87 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.57 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.16 646.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 374.86 646.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 402.22 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.92 646.25 Td (common ) Tj ET Q q 0 0 0 rg BT 450.28 646.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 473.76 646.25 Td (as ) Tj ET Q q 0 0 0 rg BT 484.46 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.16 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.74 646.25 Td (date ) Tj ET Q q 0 0 0 rg BT 528.77 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.47 646.25 Td (grant. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 634.25 Td (Expense ) Tj ET Q q 0 0 0 rg BT 85.93 634.25 Td (related ) Tj ET Q q 0 0 0 rg BT 115.68 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 126.00 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.77 634.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 180.52 634.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 211.39 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.38 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.14 634.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 269.04 634.25 Td (are ) Tj ET Q q 0 0 0 rg BT 283.79 634.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 330.20 634.25 Td (on ) Tj ET Q q 0 0 0 rg BT 342.75 634.25 Td (a ) Tj ET Q q 0 0 0 rg BT 349.74 634.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 400.61 634.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 423.16 634.25 Td (over ) Tj ET Q q 0 0 0 rg BT 443.47 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.24 634.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 495.22 634.25 Td (service ) Tj ET Q q 0 0 0 rg BT 526.09 634.25 Td (period ) Tj ET Q q 0 0 0 rg BT 554.18 634.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.26 622.25 Td (award, ) Tj ET Q q 0 0 0 rg BT 91.74 622.25 Td (which ) Tj ET Q q 0 0 0 rg BT 117.72 622.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 156.47 622.25 Td (equals ) Tj ET Q q 0 0 0 rg BT 183.56 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.32 622.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 227.75 622.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 257.35 622.25 Td (Expense ) Tj ET Q q 0 0 0 rg BT 292.77 622.25 Td (related ) Tj ET Q q 0 0 0 rg BT 321.52 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 330.84 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.60 622.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 396.89 622.25 Td (A) Tj ET Q q 0 0 0 rg BT 403.19 622.25 Td (wards ) Tj ET Q q 0 0 0 rg BT 428.62 622.25 Td (is ) Tj ET Q q 0 0 0 rg BT 436.84 622.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 482.24 622.25 Td (under ) Tj ET Q q 0 0 0 rg BT 506.56 622.25 Td (an ) Tj ET Q q 0 0 0 rg BT 517.54 622.25 Td (accelerated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td (method ) Tj ET Q q 0 0 0 rg BT 82.21 610.25 Td (over ) Tj ET Q q 0 0 0 rg BT 102.68 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.61 610.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 154.75 610.25 Td (service ) Tj ET Q q 0 0 0 rg BT 185.78 610.25 Td (period ) Tj ET Q q 0 0 0 rg BT 214.04 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.08 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.00 610.25 Td (award, ) Tj ET Q q 0 0 0 rg BT 269.64 610.25 Td (which ) Tj ET Q q 0 0 0 rg BT 296.79 610.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 342.25 610.25 Td (a ) Tj ET Q q 0 0 0 rg BT 349.40 610.25 Td (lar) Tj ET Q q 0 0 0 rg BT 359.77 610.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 375.25 610.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 406.84 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.88 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.81 610.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 467.73 610.25 Td (during ) Tj ET Q q 0 0 0 rg BT 496.55 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.47 610.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 554.18 610.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.13 598.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 95.43 598.25 Td (period ) Tj ET Q q 0 0 0 rg BT 123.39 598.25 Td (than ) Tj ET Q q 0 0 0 rg BT 143.02 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.21 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.84 598.25 Td (end ) Tj ET Q q 0 0 0 rg BT 184.70 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.44 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.07 598.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 241.37 598.25 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.42 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 271.66 598.25 Td (W) Tj ET Q q 0 0 0 rg BT 280.29 598.25 Td (e ) Tj ET Q q 0 0 0 rg BT 287.15 598.25 Td (estimate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.88 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.51 598.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 374.91 598.25 Td (number ) Tj ET Q q 0 0 0 rg BT 407.87 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.61 598.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 446.02 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.76 598.25 Td (common ) Tj ET Q q 0 0 0 rg BT 494.17 598.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 517.69 598.25 Td (that ) Tj ET Q q 0 0 0 rg BT 535.10 598.25 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 598.25 Td (be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 81.73 586.25 Td (until ) Tj ET Q q 0 0 0 rg BT 102.30 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.76 586.25 Td (achievement ) Tj ET Q q 0 0 0 rg BT 169.53 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.10 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.56 586.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 247.32 586.25 Td (goals ) Tj ET Q q 0 0 0 rg BT 270.67 586.25 Td (is ) Tj ET Q q 0 0 0 rg BT 279.58 586.25 Td (known.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.30 586.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.05 586.25 Td (As ) Tj ET Q q 0 0 0 rg BT 324.41 586.25 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.74 586.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.98 586.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 393.30 586.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.30 586.25 Td (, ) Tj ET Q q 0 0 0 rg BT 418.04 586.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 458.60 586.25 Td (future ) Tj ET Q q 0 0 0 rg BT 484.72 586.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 542.51 586.25 Td (costs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.07 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 89.22 574.25 Td (unvested ) Tj ET Q q 0 0 0 rg BT 127.14 574.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 152.85 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.66 574.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 222.59 574.25 Td (A) Tj ET Q q 0 0 0 rg BT 228.90 574.25 Td (wards ) Tj ET Q q 0 0 0 rg BT 255.15 574.25 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.73 574.25 Td ($5.9 ) Tj ET Q q 0 0 0 rg BT 289.60 574.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.49 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 320.86 574.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.01 574.25 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.01 574.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.88 574.25 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 375.75 574.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.64 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 407.01 574.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.16 574.25 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.16 574.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.03 574.25 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 461.90 574.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.80 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 493.17 574.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.31 574.25 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.31 574.25 Td (, ) Tj ET Q q 0 0 0 rg BT 528.19 574.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.99 574.25 Td ($0.7 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 562.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 562.25 Td ( ) Tj ET Q q 0 0 0 rg BT 80.89 562.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.17 562.25 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.17 562.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 545.25 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.76 545.25 Td (date ) Tj ET Q q 0 0 0 rg BT 111.13 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.18 545.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 145.44 545.25 Td (is ) Tj ET Q q 0 0 0 rg BT 154.82 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.75 545.25 Td (date ) Tj ET Q q 0 0 0 rg BT 189.13 545.25 Td (at ) Tj ET Q q 0 0 0 rg BT 199.06 545.25 Td (which) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.50 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.21 545.25 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.58 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.74 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.67 545.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 314.26 545.25 Td (reach ) Tj ET Q q 0 0 0 rg BT 338.62 545.25 Td (a ) Tj ET Q q 0 0 0 rg BT 345.77 545.25 Td (mutual ) Tj ET Q q 0 0 0 rg BT 376.26 545.25 Td (understanding ) Tj ET Q q 0 0 0 rg BT 435.63 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.67 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.61 545.25 Td (key ) Tj ET Q q 0 0 0 rg BT 478.76 545.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 503.69 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.84 545.25 Td (conditions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.44 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.27 533.25 Td (award, ) Tj ET Q q 0 0 0 rg BT 104.81 533.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 152.95 533.25 Td (approvals ) Tj ET Q q 0 0 0 rg BT 194.43 533.25 Td (are ) Tj ET Q q 0 0 0 rg BT 209.25 533.25 Td (received ) Tj ET Q q 0 0 0 rg BT 245.72 533.25 Td (by ) Tj ET Q q 0 0 0 rg BT 258.33 533.25 Td (approval ) Tj ET Q q 0 0 0 rg BT 295.93 533.25 Td (by ) Tj ET Q q 0 0 0 rg BT 308.54 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.36 533.25 Td (board ) Tj ET Q q 0 0 0 rg BT 348.74 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.68 533.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 397.28 533.25 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.72 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 414.33 533.25 Td (we ) Tj ET Q q 0 0 0 rg BT 428.60 533.25 Td (become ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.30 533.25 Td (contingently ) Tj ET Q q 0 0 0 rg BT 514.90 533.25 Td (obligated ) Tj ET Q q 0 0 0 rg BT 554.72 533.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 72.00 521.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 99.50 521.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 148.66 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 158.94 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.66 521.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 215.03 521.25 Td (who ) Tj ET Q q 0 0 0 rg BT 234.75 521.25 Td (renders ) Tj ET Q q 0 0 0 rg BT 266.68 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.39 521.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 318.33 521.25 Td (service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.64 521.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 504.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 504.25 Td (e ) Tj ET Q q 0 0 0 rg BT 89.67 504.25 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.97 504.25 Td (required ) Tj ET Q q 0 0 0 rg BT 141.38 504.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.25 504.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 188.66 504.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 226.74 504.25 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 271.48 504.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.90 504.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 307.10 504.25 Td (grants ) Tj ET Q q 0 0 0 rg BT 334.63 504.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.16 504.25 Td (adjust ) Tj ET Q q 0 0 0 rg BT 379.14 504.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 417.21 504.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 475.84 504.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 495.05 504.25 Td (accordingly) Tj ET Q q 0 0 0 rg BT 541.60 504.25 Td (. ) Tj ET Q q 0 0 0 rg BT 546.97 504.25 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 492.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 85.51 492.25 Td (of ) Tj ET Q q 0 0 0 rg BT 96.53 492.25 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 140.86 492.25 Td (is ) Tj ET Q q 0 0 0 rg BT 150.22 492.25 Td (based ) Tj ET Q q 0 0 0 rg BT 175.67 492.25 Td (on ) Tj ET Q q 0 0 0 rg BT 188.36 492.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 228.26 492.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 274.25 492.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.38 492.25 Td (is ) Tj ET Q q 0 0 0 rg BT 300.74 492.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 336.75 492.25 Td (over ) Tj ET Q q 0 0 0 rg BT 357.21 492.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.11 492.25 Td (requisite ) Tj ET Q q 0 0 0 rg BT 409.23 492.25 Td (service ) Tj ET Q q 0 0 0 rg BT 440.23 492.25 Td (period ) Tj ET Q q 0 0 0 rg BT 468.47 492.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.94 492.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.84 492.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 520.96 492.25 Td (that ) Tj ET Q q 0 0 0 rg BT 538.65 492.25 Td (actual ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 480.25 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 94.17 480.25 Td (dif) Tj ET Q q 0 0 0 rg BT 105.10 480.25 Td (fer) Tj ET Q q 0 0 0 rg BT 115.79 480.25 Td (, ) Tj ET Q q 0 0 0 rg BT 121.32 480.25 Td (or ) Tj ET Q q 0 0 0 rg BT 132.67 480.25 Td (are ) Tj ET Q q 0 0 0 rg BT 147.90 480.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 186.45 480.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.25 480.25 Td (dif) Tj ET Q q 0 0 0 rg BT 208.18 480.25 Td (fer) Tj ET Q q 0 0 0 rg BT 218.88 480.25 Td (, ) Tj ET Q q 0 0 0 rg BT 224.40 480.25 Td (from ) Tj ET Q q 0 0 0 rg BT 246.86 480.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.10 480.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 284.56 480.25 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 327.30 480.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 364.76 480.25 Td (in ) Tj ET Q q 0 0 0 rg BT 375.56 480.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 416.90 480.25 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 461.57 480.25 Td (will ) Tj ET Q q 0 0 0 rg BT 480.15 480.25 Td (be ) Tj ET Q q 0 0 0 rg BT 492.61 480.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 539.50 480.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 480.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 468.25 Td (period ) Tj ET Q q 0 0 0 rg BT 76.98 468.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.25 468.25 Td (change ) Tj ET Q q 0 0 0 rg BT 117.50 468.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.88 468.25 Td (will ) Tj ET Q q 0 0 0 rg BT 151.37 468.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 180.52 468.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.67 468.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 226.60 468.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.87 468.25 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 286.01 468.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 343.49 468.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 377.63 468.25 Td (to ) Tj ET Q q 0 0 0 rg BT 387.34 468.25 Td (be ) Tj ET Q q 0 0 0 rg BT 398.72 468.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 444.52 468.25 Td (in ) Tj ET Q q 0 0 0 rg BT 454.23 468.25 Td (future ) Tj ET Q q 0 0 0 rg BT 480.04 468.25 Td (periods) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.48 468.25 Td (, ) Tj ET Q q 0 0 0 rg BT 513.92 468.25 Td (which ) Tj ET Q q 0 0 0 rg BT 540.29 468.25 Td (could ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 456.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 456.25 Td (material ) Tj ET Q q 0 0 0 rg BT 96.70 456.25 Td (if ) Tj ET Q q 0 0 0 rg BT 105.31 456.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 131.68 456.25 Td (results ) Tj ET Q q 0 0 0 rg BT 160.29 456.25 Td (dif) Tj ET Q q 0 0 0 rg BT 171.21 456.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 184.81 456.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 237.30 456.25 Td (from ) Tj ET Q q 0 0 0 rg BT 259.24 456.25 Td (our ) Tj ET Q q 0 0 0 rg BT 275.07 456.25 Td (estimates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 434.35 Td (All ) Tj ET Q q 0 0 0 rg BT 87.76 434.35 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.35 434.35 Td (option ) Tj ET Q q 0 0 0 rg BT 139.39 434.35 Td (awards ) Tj ET Q q 0 0 0 rg BT 170.19 434.35 Td (to ) Tj ET Q q 0 0 0 rg BT 180.45 434.35 Td (non-employees ) Tj ET Q q 0 0 0 rg BT 244.03 434.35 Td (are ) Tj ET Q q 0 0 0 rg BT 258.72 434.35 Td (accounted ) Tj ET Q q 0 0 0 rg BT 301.73 434.35 Td (for ) Tj ET Q q 0 0 0 rg BT 315.87 434.35 Td (at ) Tj ET Q q 0 0 0 rg BT 325.57 434.35 Td (the ) Tj ET Q q 0 0 0 rg BT 340.27 434.35 Td (fair ) Tj ET Q q 0 0 0 rg BT 356.63 434.35 Td (value ) Tj ET Q q 0 0 0 rg BT 380.77 434.35 Td (of ) Tj ET Q q 0 0 0 rg BT 391.58 434.35 Td (the ) Tj ET Q q 0 0 0 rg BT 406.28 434.35 Td (consideration ) Tj ET Q q 0 0 0 rg BT 462.63 434.35 Td (received ) Tj ET Q q 0 0 0 rg BT 498.98 434.35 Td (or ) Tj ET Q q 0 0 0 rg BT 509.79 434.35 Td (the ) Tj ET Q q 0 0 0 rg BT 524.49 434.35 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.84 434.35 Td (value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 422.35 Td (of ) Tj ET Q q 0 0 0 rg BT 61.02 422.35 Td (the ) Tj ET Q q 0 0 0 rg BT 76.42 422.35 Td (equity ) Tj ET Q q 0 0 0 rg BT 104.60 422.35 Td (instrument ) Tj ET Q q 0 0 0 rg BT 150.57 422.35 Td (issued, ) Tj ET Q q 0 0 0 rg BT 181.25 422.35 Td (as ) Tj ET Q q 0 0 0 rg BT 192.77 422.35 Td (calculated ) Tj ET Q q 0 0 0 rg BT 236.49 422.35 Td (using ) Tj ET Q q 0 0 0 rg BT 261.34 422.35 Td (the ) Tj ET Q q 0 0 0 rg BT 276.75 422.35 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 337.70 422.35 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 398.10 422.35 Td (model. ) Tj ET Q q 0 0 0 rg BT 428.55 422.35 Td (The ) Tj ET Q q 0 0 0 rg BT 447.28 422.35 Td (measurement ) Tj ET Q q 0 0 0 rg BT 503.78 422.35 Td (of ) Tj ET Q q 0 0 0 rg BT 515.30 422.35 Td (stock-based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 410.35 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.01 410.35 Td (for ) Tj ET Q q 0 0 0 rg BT 122.64 410.35 Td (non-employees ) Tj ET Q q 0 0 0 rg BT 186.70 410.35 Td (is ) Tj ET Q q 0 0 0 rg BT 196.34 410.35 Td (subject ) Tj ET Q q 0 0 0 rg BT 227.63 410.35 Td (to ) Tj ET Q q 0 0 0 rg BT 238.38 410.35 Td (periodic ) Tj ET Q q 0 0 0 rg BT 274.11 410.35 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 324.85 410.35 Td (as ) Tj ET Q q 0 0 0 rg BT 336.15 410.35 Td (the ) Tj ET Q q 0 0 0 rg BT 351.33 410.35 Td (options ) Tj ET Q q 0 0 0 rg BT 383.75 410.35 Td (vest, ) Tj ET Q q 0 0 0 rg BT 405.32 410.35 Td (and ) Tj ET Q q 0 0 0 rg BT 422.73 410.35 Td (the ) Tj ET Q q 0 0 0 rg BT 437.91 410.35 Td (expense ) Tj ET Q q 0 0 0 rg BT 473.09 410.35 Td (is ) Tj ET Q q 0 0 0 rg BT 482.73 410.35 Td (recognized ) Tj ET Q q 0 0 0 rg BT 529.56 410.35 Td (over ) Tj ET Q q 0 0 0 rg BT 550.29 410.35 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 398.35 Td (period ) Tj ET Q q 0 0 0 rg BT 77.55 398.35 Td (services ) Tj ET Q q 0 0 0 rg BT 112.25 398.35 Td (are ) Tj ET Q q 0 0 0 rg BT 126.96 398.35 Td (rendered.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 376.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.68 376.45 Td (following ) Tj ET Q q 0 0 0 rg BT 132.21 376.45 Td (table ) Tj ET Q q 0 0 0 rg BT 154.27 376.45 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 204.67 376.45 Td (the ) Tj ET Q q 0 0 0 rg BT 219.53 376.45 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 271.61 376.45 Td (used ) Tj ET Q q 0 0 0 rg BT 292.58 376.45 Td (in ) Tj ET Q q 0 0 0 rg BT 302.99 376.45 Td (the ) Tj ET Q q 0 0 0 rg BT 317.84 376.45 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 378.24 376.45 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 438.09 376.45 Td (model ) Tj ET Q q 0 0 0 rg BT 465.72 376.45 Td (relating ) Tj ET Q q 0 0 0 rg BT 498.90 376.45 Td (to ) Tj ET Q q 0 0 0 rg BT 509.31 376.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 533.06 376.45 Td (options ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 364.45 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 364.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.50 364.45 Td (years ) Tj ET Q q 0 0 0 rg BT 98.09 364.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 124.47 364.45 Td (December ) Tj ET Q q 0 0 0 rg BT 168.05 364.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 183.05 364.45 Td (2013, ) Tj ET Q q 0 0 0 rg BT 208.05 364.45 Td (2012 ) Tj ET Q q 0 0 0 rg BT 230.55 364.45 Td (and ) Tj ET Q q 0 0 0 rg BT 247.49 364.45 Td (201) Tj ET Q q 0 0 0 rg BT 262.12 364.45 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.12 364.45 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 311.95 302.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 311.95 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 311.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 311.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 311.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 311.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 311.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 311.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 311.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 281.95 302.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 281.95 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 281.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 281.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 281.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 281.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 281.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 281.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 281.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 251.95 302.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 251.95 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 251.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 251.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 251.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 251.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 251.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 251.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 251.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 221.95 302.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 221.95 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 221.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 221.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 221.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 221.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 221.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 221.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 221.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 191.95 302.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 191.95 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 191.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 191.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 191.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 191.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 191.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 191.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 191.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 161.95 302.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 161.95 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 161.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 161.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.00 161.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 161.95 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 161.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.00 161.95 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 161.95 13.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 326.95000000000005 m 406 326.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 326.95000000000005 m 419 326.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 326.95000000000005 m 423 326.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423 326.95000000000005 m 478 326.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 326.95000000000005 m 491 326.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491 326.95000000000005 m 495 326.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 326.95000000000005 m 550 326.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 326.95000000000005 m 563 326.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 311.95000000000005 m 406 311.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 311.95000000000005 m 419 311.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423 311.95000000000005 m 478 311.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 311.95000000000005 m 491 311.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 326.95000000000005 m 550 326.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 311.95000000000005 m 550 311.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 326.95000000000005 m 563 326.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 311.95000000000005 m 563 311.95000000000005 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 331.62 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.00 331.62 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.10 331.18 Td (Year ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 316.62 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.00 316.62 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.00 316.18 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.50 316.18 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 520.70 316.18 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 302.52 Td (Stock option plans:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 287.52 Td (Risk-free interest rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.15 286.62 Td (0.95-1.87) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.50 286.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 286.62 Td (0.74-1.10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 286.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.15 286.62 Td (1.17-2.20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.50 286.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 272.52 Td (Expected life of options \(in years\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.15 271.62 Td (5.27-6.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 271.62 Td (5.27-6.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.15 271.62 Td (5.27-6.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 257.52 Td (Expected dividend yield) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 256.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.50 256.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 256.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 256.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 256.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.50 256.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 242.52 Td (Volatility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 241.62 Td (50-52) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.50 241.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.15 241.62 Td (52-59) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 241.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.15 241.62 Td (53-55) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.50 241.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 227.52 Td (Employee Stock Purchase Plan: \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 212.52 Td (Risk-free interest rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.15 211.62 Td (0.05-0.13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.50 211.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 211.62 Td (0.13-0.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 211.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.65 211.62 Td (0.05) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.15 211.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 197.52 Td (Expected life of options \(in years\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 196.62 Td (0.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.00 196.62 Td (0.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.00 196.62 Td (0.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 182.52 Td (Expected dividend yield) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 181.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.50 181.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 181.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 181.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 181.62 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.15 181.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 167.52 Td (Volatility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 166.62 Td (36-37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.50 166.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.15 166.62 Td (37-47) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.50 166.62 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 166.62 Td (52) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.15 166.62 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 138.90 Td (\(1\) Employee Stock Purchase Plan established in 2011.) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (36) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 740.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 91.23 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.29 740.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 135.68 740.25 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 180.60 740.25 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 723.85 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 112.41 723.85 Td (and ) Tj ET Q q 0 0 0 rg BT 128.97 723.85 Td (other ) Tj ET Q q 0 0 0 rg BT 151.65 723.85 Td (intangible ) Tj ET Q q 0 0 0 rg BT 193.77 723.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 219.22 723.85 Td (are ) Tj ET Q q 0 0 0 rg BT 233.56 723.85 Td (stated ) Tj ET Q q 0 0 0 rg BT 259.01 723.85 Td (at ) Tj ET Q q 0 0 0 rg BT 268.36 723.85 Td (cost ) Tj ET Q q 0 0 0 rg BT 286.59 723.85 Td (less ) Tj ET Q q 0 0 0 rg BT 303.72 723.85 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 356.38 723.85 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 411.54 723.85 Td (as ) Tj ET Q q 0 0 0 rg BT 422.00 723.85 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 472.16 723.85 Td (Other ) Tj ET Q q 0 0 0 rg BT 497.06 723.85 Td (intangible ) Tj ET Q q 0 0 0 rg BT 539.17 723.85 Td (assets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 711.85 Td (include ) Tj ET Q q 0 0 0 rg BT 80.50 711.85 Td (developed ) Tj ET Q q 0 0 0 rg BT 123.17 711.85 Td (technology) Tj ET Q q 0 0 0 rg BT 166.95 711.85 Td (, ) Tj ET Q q 0 0 0 rg BT 171.02 711.85 Td (trade ) Tj ET Q q 0 0 0 rg BT 192.58 711.85 Td (names ) Tj ET Q q 0 0 0 rg BT 219.69 711.85 Td (and ) Tj ET Q q 0 0 0 rg BT 235.70 711.85 Td (customer ) Tj ET Q q 0 0 0 rg BT 273.93 711.85 Td (lists ) Tj ET Q q 0 0 0 rg BT 291.61 711.85 Td (and ) Tj ET Q q 0 0 0 rg BT 307.62 711.85 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 347.79 711.85 Td (Intangibles ) Tj ET Q q 0 0 0 rg BT 393.79 711.85 Td (with ) Tj ET Q q 0 0 0 rg BT 413.14 711.85 Td (finite ) Tj ET Q q 0 0 0 rg BT 435.81 711.85 Td (lives ) Tj ET Q q 0 0 0 rg BT 456.27 711.85 Td (are ) Tj ET Q q 0 0 0 rg BT 470.04 711.85 Td (amortized ) Tj ET Q q 0 0 0 rg BT 511.59 711.85 Td (on ) Tj ET Q q 0 0 0 rg BT 523.16 711.85 Td (a ) Tj ET Q q 0 0 0 rg BT 529.17 711.85 Td (straight-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 699.85 Td (line ) Tj ET Q q 0 0 0 rg BT 66.89 699.85 Td (basis ) Tj ET Q q 0 0 0 rg BT 89.28 699.85 Td (over ) Tj ET Q q 0 0 0 rg BT 109.45 699.85 Td (the ) Tj ET Q q 0 0 0 rg BT 124.06 699.85 Td (estimated ) Tj ET Q q 0 0 0 rg BT 164.77 699.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 196.60 699.85 Td (of ) Tj ET Q q 0 0 0 rg BT 207.33 699.85 Td (benefit, ) Tj ET Q q 0 0 0 rg BT 239.99 699.85 Td (generally ) Tj ET Q q 0 0 0 rg BT 279.58 699.85 Td (one ) Tj ET Q q 0 0 0 rg BT 296.41 699.85 Td (to ) Tj ET Q q 0 0 0 rg BT 306.59 699.85 Td (nine ) Tj ET Q q 0 0 0 rg BT 326.20 699.85 Td (years. ) Tj ET Q q 0 0 0 rg BT 352.19 699.85 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 392.36 699.85 Td (is ) Tj ET Q q 0 0 0 rg BT 401.43 699.85 Td (not ) Tj ET Q q 0 0 0 rg BT 416.60 699.85 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 461.47 699.85 Td (but ) Tj ET Q q 0 0 0 rg BT 476.65 699.85 Td (tested ) Tj ET Q q 0 0 0 rg BT 502.36 699.85 Td (for ) Tj ET Q q 0 0 0 rg BT 516.42 699.85 Td (impairment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 687.85 Td (at ) Tj ET Q q 0 0 0 rg BT 59.35 687.85 Td (least ) Tj ET Q q 0 0 0 rg BT 80.31 687.85 Td (annually) Tj ET Q q 0 0 0 rg BT 114.10 687.85 Td (, ) Tj ET Q q 0 0 0 rg BT 119.23 687.85 Td (or ) Tj ET Q q 0 0 0 rg BT 130.20 687.85 Td (whenever ) Tj ET Q q 0 0 0 rg BT 171.70 687.85 Td (changes ) Tj ET Q q 0 0 0 rg BT 206.54 687.85 Td (in ) Tj ET Q q 0 0 0 rg BT 216.96 687.85 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 276.24 687.85 Td (indicated ) Tj ET Q q 0 0 0 rg BT 315.52 687.85 Td (that ) Tj ET Q q 0 0 0 rg BT 333.15 687.85 Td (the ) Tj ET Q q 0 0 0 rg BT 348.00 687.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 383.96 687.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 416.59 687.85 Td (of ) Tj ET Q q 0 0 0 rg BT 427.55 687.85 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 465.75 687.85 Td (or ) Tj ET Q q 0 0 0 rg BT 476.71 687.85 Td (intangible ) Tj ET Q q 0 0 0 rg BT 519.34 687.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 545.30 687.85 Td (may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 675.85 Td (not ) Tj ET Q q 0 0 0 rg BT 64.69 675.85 Td (be ) Tj ET Q q 0 0 0 rg BT 76.54 675.85 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 127.90 675.85 Td (These ) Tj ET Q q 0 0 0 rg BT 154.19 675.85 Td (tests ) Tj ET Q q 0 0 0 rg BT 174.38 675.85 Td (are ) Tj ET Q q 0 0 0 rg BT 188.99 675.85 Td (performed ) Tj ET Q q 0 0 0 rg BT 233.05 675.85 Td (at ) Tj ET Q q 0 0 0 rg BT 242.68 675.85 Td (the ) Tj ET Q q 0 0 0 rg BT 257.30 675.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 296.37 675.85 Td (unit ) Tj ET Q q 0 0 0 rg BT 314.33 675.85 Td (level, ) Tj ET Q q 0 0 0 rg BT 338.68 675.85 Td (which ) Tj ET Q q 0 0 0 rg BT 365.52 675.85 Td (is ) Tj ET Q q 0 0 0 rg BT 374.60 675.85 Td (the ) Tj ET Q q 0 0 0 rg BT 389.23 675.85 Td (company ) Tj ET Q q 0 0 0 rg BT 428.30 675.85 Td (as ) Tj ET Q q 0 0 0 rg BT 439.04 675.85 Td (a ) Tj ET Q q 0 0 0 rg BT 445.88 675.85 Td (whole, ) Tj ET Q q 0 0 0 rg BT 475.23 675.85 Td (using ) Tj ET Q q 0 0 0 rg BT 499.31 675.85 Td (a ) Tj ET Q q 0 0 0 rg BT 506.16 675.85 Td (two-step, ) Tj ET Q q 0 0 0 rg BT 545.51 675.85 Td (fair) Tj ET Q q 0 0 0 rg BT 559.18 675.85 Td (-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 663.85 Td (value ) Tj ET Q q 0 0 0 rg BT 73.86 663.85 Td (approach. ) Tj ET Q q 0 0 0 rg BT 115.52 663.85 Td (W) Tj ET Q q 0 0 0 rg BT 124.16 663.85 Td (e ) Tj ET Q q 0 0 0 rg BT 131.30 663.85 Td (completed ) Tj ET Q q 0 0 0 rg BT 175.66 663.85 Td (annual ) Tj ET Q q 0 0 0 rg BT 205.02 663.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 253.82 663.85 Td (tests ) Tj ET Q q 0 0 0 rg BT 274.31 663.85 Td (for ) Tj ET Q q 0 0 0 rg BT 288.68 663.85 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.60 663.85 Td (years ) Tj ET Q q 0 0 0 rg BT 327.40 663.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 353.99 663.85 Td (December ) Tj ET Q q 0 0 0 rg BT 397.78 663.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 412.99 663.85 Td (2013, ) Tj ET Q q 0 0 0 rg BT 438.19 663.85 Td (2012 ) Tj ET Q q 0 0 0 rg BT 460.90 663.85 Td (and ) Tj ET Q q 0 0 0 rg BT 478.04 663.85 Td (201) Tj ET Q q 0 0 0 rg BT 492.67 663.85 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.67 663.85 Td ( ) Tj ET Q q 0 0 0 rg BT 500.38 663.85 Td (and ) Tj ET Q q 0 0 0 rg BT 517.52 663.85 Td (determined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 651.85 Td (that ) Tj ET Q q 0 0 0 rg BT 67.00 651.85 Td (our ) Tj ET Q q 0 0 0 rg BT 82.83 651.85 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 120.88 651.85 Td (was ) Tj ET Q q 0 0 0 rg BT 138.93 651.85 Td (not ) Tj ET Q q 0 0 0 rg BT 154.21 651.85 Td (impaired ) Tj ET Q q 0 0 0 rg BT 192.25 651.85 Td (for ) Tj ET Q q 0 0 0 rg BT 206.41 651.85 Td (those ) Tj ET Q q 0 0 0 rg BT 230.02 651.85 Td (years. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 629.95 Td (If ) Tj ET Q q 0 0 0 rg BT 81.38 629.95 Td (management) Tj ET Q q 0 0 0 rg BT 135.25 629.95 Td (s ) Tj ET Q q 0 0 0 rg BT 141.36 629.95 Td (estimates ) Tj ET Q q 0 0 0 rg BT 180.79 629.95 Td (of ) Tj ET Q q 0 0 0 rg BT 191.33 629.95 Td (future ) Tj ET Q q 0 0 0 rg BT 217.43 629.95 Td (operating ) Tj ET Q q 0 0 0 rg BT 257.41 629.95 Td (results ) Tj ET Q q 0 0 0 rg BT 285.74 629.95 Td (change, ) Tj ET Q q 0 0 0 rg BT 318.77 629.95 Td (if ) Tj ET Q q 0 0 0 rg BT 327.10 629.95 Td (there ) Tj ET Q q 0 0 0 rg BT 349.30 629.95 Td (are ) Tj ET Q q 0 0 0 rg BT 363.73 629.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 398.15 629.95 Td (in ) Tj ET Q q 0 0 0 rg BT 408.15 629.95 Td (identified ) Tj ET Q q 0 0 0 rg BT 448.69 629.95 Td (reporting ) Tj ET Q q 0 0 0 rg BT 487.56 629.95 Td (units ) Tj ET Q q 0 0 0 rg BT 509.23 629.95 Td (or ) Tj ET Q q 0 0 0 rg BT 519.78 629.95 Td (if ) Tj ET Q q 0 0 0 rg BT 528.10 629.95 Td (there ) Tj ET Q q 0 0 0 rg BT 550.31 629.95 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 617.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 83.96 617.95 Td (to ) Tj ET Q q 0 0 0 rg BT 94.00 617.95 Td (other ) Tj ET Q q 0 0 0 rg BT 116.80 617.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 161.27 617.95 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 215.48 617.95 Td (the ) Tj ET Q q 0 0 0 rg BT 229.95 617.95 Td (estimated ) Tj ET Q q 0 0 0 rg BT 270.53 617.95 Td (carrying ) Tj ET Q q 0 0 0 rg BT 306.10 617.95 Td (values ) Tj ET Q q 0 0 0 rg BT 333.91 617.95 Td (of ) Tj ET Q q 0 0 0 rg BT 344.50 617.95 Td (any ) Tj ET Q q 0 0 0 rg BT 361.19 617.95 Td (such ) Tj ET Q q 0 0 0 rg BT 381.78 617.95 Td (reporting ) Tj ET Q q 0 0 0 rg BT 420.69 617.95 Td (units ) Tj ET Q q 0 0 0 rg BT 442.40 617.95 Td (and ) Tj ET Q q 0 0 0 rg BT 459.09 617.95 Td (the ) Tj ET Q q 0 0 0 rg BT 473.57 617.95 Td (estimated ) Tj ET Q q 0 0 0 rg BT 514.14 617.95 Td (fair ) Tj ET Q q 0 0 0 rg BT 530.28 617.95 Td (value ) Tj ET Q q 0 0 0 rg BT 554.19 617.95 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 605.95 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 89.05 605.95 Td (could ) Tj ET Q q 0 0 0 rg BT 115.25 605.95 Td (change ) Tj ET Q q 0 0 0 rg BT 147.56 605.95 Td (significantly) Tj ET Q q 0 0 0 rg BT 196.90 605.95 Td (, ) Tj ET Q q 0 0 0 rg BT 203.39 605.95 Td (and ) Tj ET Q q 0 0 0 rg BT 221.82 605.95 Td (could ) Tj ET Q q 0 0 0 rg BT 248.03 605.95 Td (result ) Tj ET Q q 0 0 0 rg BT 274.23 605.95 Td (in ) Tj ET Q q 0 0 0 rg BT 286.00 605.95 Td (an ) Tj ET Q q 0 0 0 rg BT 299.43 605.95 Td (impairment ) Tj ET Q q 0 0 0 rg BT 349.52 605.95 Td (char) Tj ET Q q 0 0 0 rg BT 366.55 605.95 Td (ge. ) Tj ET Q q 0 0 0 rg BT 382.47 605.95 Td (Such ) Tj ET Q q 0 0 0 rg BT 406.46 605.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 442.66 605.95 Td (could ) Tj ET Q q 0 0 0 rg BT 468.87 605.95 Td (also ) Tj ET Q q 0 0 0 rg BT 488.97 605.95 Td (result ) Tj ET Q q 0 0 0 rg BT 515.17 605.95 Td (in ) Tj ET Q q 0 0 0 rg BT 526.94 605.95 Td (goodwill ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 593.95 Td (impairment ) Tj ET Q q 0 0 0 rg BT 97.20 593.95 Td (char) Tj ET Q q 0 0 0 rg BT 114.23 593.95 Td (ges ) Tj ET Q q 0 0 0 rg BT 129.17 593.95 Td (in ) Tj ET Q q 0 0 0 rg BT 138.55 593.95 Td (future ) Tj ET Q q 0 0 0 rg BT 164.03 593.95 Td (periods, ) Tj ET Q q 0 0 0 rg BT 197.58 593.95 Td (which ) Tj ET Q q 0 0 0 rg BT 223.62 593.95 Td (could ) Tj ET Q q 0 0 0 rg BT 247.44 593.95 Td (have ) Tj ET Q q 0 0 0 rg BT 267.92 593.95 Td (a ) Tj ET Q q 0 0 0 rg BT 273.97 593.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 317.79 593.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 346.60 593.95 Td (on ) Tj ET Q q 0 0 0 rg BT 358.21 593.95 Td (our ) Tj ET Q q 0 0 0 rg BT 373.14 593.95 Td (operating ) Tj ET Q q 0 0 0 rg BT 412.51 593.95 Td (results ) Tj ET Q q 0 0 0 rg BT 440.23 593.95 Td (and ) Tj ET Q q 0 0 0 rg BT 456.27 593.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 492.86 593.95 Td (condition ) Tj ET Q q 0 0 0 rg BT 532.24 593.95 Td (therein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 572.05 Td (W) Tj ET Q q 0 0 0 rg BT 81.14 572.05 Td (e ) Tj ET Q q 0 0 0 rg BT 88.80 572.05 Td (assess ) Tj ET Q q 0 0 0 rg BT 116.46 572.05 Td (the ) Tj ET Q q 0 0 0 rg BT 131.90 572.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 181.22 572.05 Td (of ) Tj ET Q q 0 0 0 rg BT 192.77 572.05 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 241.52 572.05 Td (intangible ) Tj ET Q q 0 0 0 rg BT 284.73 572.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 311.28 572.05 Td (whenever ) Tj ET Q q 0 0 0 rg BT 353.37 572.05 Td (events ) Tj ET Q q 0 0 0 rg BT 382.14 572.05 Td (or ) Tj ET Q q 0 0 0 rg BT 393.69 572.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 429.12 572.05 Td (in ) Tj ET Q q 0 0 0 rg BT 440.11 572.05 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 499.98 572.05 Td (indicate ) Tj ET Q q 0 0 0 rg BT 534.85 572.05 Td (that ) Tj ET Q q 0 0 0 rg BT 553.06 572.05 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 560.05 Td (asset) Tj ET Q q 0 0 0 rg BT 71.72 560.05 Td (s ) Tj ET Q q 0 0 0 rg BT 78.89 560.05 Td (carrying ) Tj ET Q q 0 0 0 rg BT 115.50 560.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 148.78 560.05 Td (may ) Tj ET Q q 0 0 0 rg BT 169.28 560.05 Td (not ) Tj ET Q q 0 0 0 rg BT 185.34 560.05 Td (be ) Tj ET Q q 0 0 0 rg BT 198.07 560.05 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 249.76 560.05 Td (An ) Tj ET Q q 0 0 0 rg BT 265.27 560.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 314.65 560.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 333.50 560.05 Td (would ) Tj ET Q q 0 0 0 rg BT 361.79 560.05 Td (be ) Tj ET Q q 0 0 0 rg BT 374.51 560.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 421.66 560.05 Td (when ) Tj ET Q q 0 0 0 rg BT 446.61 560.05 Td (the ) Tj ET Q q 0 0 0 rg BT 462.11 560.05 Td (sum ) Tj ET Q q 0 0 0 rg BT 482.07 560.05 Td (of ) Tj ET Q q 0 0 0 rg BT 493.68 560.05 Td (the ) Tj ET Q q 0 0 0 rg BT 509.19 560.05 Td (undiscounted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 548.05 Td (estimated ) Tj ET Q q 0 0 0 rg BT 89.84 548.05 Td (future ) Tj ET Q q 0 0 0 rg BT 115.75 548.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 135.54 548.05 Td (flows ) Tj ET Q q 0 0 0 rg BT 159.78 548.05 Td (expected ) Tj ET Q q 0 0 0 rg BT 197.34 548.05 Td (to ) Tj ET Q q 0 0 0 rg BT 207.14 548.05 Td (result ) Tj ET Q q 0 0 0 rg BT 231.38 548.05 Td (from ) Tj ET Q q 0 0 0 rg BT 252.84 548.05 Td (the ) Tj ET Q q 0 0 0 rg BT 267.09 548.05 Td (use ) Tj ET Q q 0 0 0 rg BT 282.44 548.05 Td (of ) Tj ET Q q 0 0 0 rg BT 292.79 548.05 Td (the ) Tj ET Q q 0 0 0 rg BT 307.03 548.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 328.50 548.05 Td (and ) Tj ET Q q 0 0 0 rg BT 344.96 548.05 Td (its ) Tj ET Q q 0 0 0 rg BT 356.43 548.05 Td (eventual ) Tj ET Q q 0 0 0 rg BT 392.33 548.05 Td (disposition ) Tj ET Q q 0 0 0 rg BT 438.25 548.05 Td (is ) Tj ET Q q 0 0 0 rg BT 446.94 548.05 Td (less ) Tj ET Q q 0 0 0 rg BT 463.97 548.05 Td (than ) Tj ET Q q 0 0 0 rg BT 483.21 548.05 Td (its ) Tj ET Q q 0 0 0 rg BT 494.68 548.05 Td (carrying ) Tj ET Q q 0 0 0 rg BT 530.02 548.05 Td (amount. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 536.05 Td (Such ) Tj ET Q q 0 0 0 rg BT 71.82 536.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 120.23 536.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 138.11 536.05 Td (would ) Tj ET Q q 0 0 0 rg BT 165.42 536.05 Td (be ) Tj ET Q q 0 0 0 rg BT 177.18 536.05 Td (measured ) Tj ET Q q 0 0 0 rg BT 217.81 536.05 Td (as ) Tj ET Q q 0 0 0 rg BT 228.46 536.05 Td (the ) Tj ET Q q 0 0 0 rg BT 242.99 536.05 Td (dif) Tj ET Q q 0 0 0 rg BT 253.92 536.05 Td (ference ) Tj ET Q q 0 0 0 rg BT 285.65 536.05 Td (between ) Tj ET Q q 0 0 0 rg BT 321.28 536.05 Td (the ) Tj ET Q q 0 0 0 rg BT 335.81 536.05 Td (carrying ) Tj ET Q q 0 0 0 rg BT 371.44 536.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 403.75 536.05 Td (of ) Tj ET Q q 0 0 0 rg BT 414.40 536.05 Td (the ) Tj ET Q q 0 0 0 rg BT 428.93 536.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 450.69 536.05 Td (and ) Tj ET Q q 0 0 0 rg BT 467.44 536.05 Td (its ) Tj ET Q q 0 0 0 rg BT 479.20 536.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 495.40 536.05 Td (value. ) Tj ET Q q 0 0 0 rg BT 521.87 536.05 Td (Cash ) Tj ET Q q 0 0 0 rg BT 544.18 536.05 Td (flow ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 524.05 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 101.16 524.05 Td (are ) Tj ET Q q 0 0 0 rg BT 115.58 524.05 Td (based ) Tj ET Q q 0 0 0 rg BT 140.56 524.05 Td (on ) Tj ET Q q 0 0 0 rg BT 152.78 524.05 Td (historical ) Tj ET Q q 0 0 0 rg BT 192.20 524.05 Td (and ) Tj ET Q q 0 0 0 rg BT 208.85 524.05 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 252.15 524.05 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 288.51 524.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 328.49 524.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 350.70 524.05 Td (and ) Tj ET Q q 0 0 0 rg BT 367.35 524.05 Td (other ) Tj ET Q q 0 0 0 rg BT 390.11 524.05 Td (relevant ) Tj ET Q q 0 0 0 rg BT 424.53 524.05 Td (factors. ) Tj ET Q q 0 0 0 rg BT 456.45 524.05 Td (If ) Tj ET Q q 0 0 0 rg BT 465.32 524.05 Td (management) Tj ET Q q 0 0 0 rg BT 519.19 524.05 Td (s ) Tj ET Q q 0 0 0 rg BT 525.29 524.05 Td (estimates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 512.05 Td (of ) Tj ET Q q 0 0 0 rg BT 59.59 512.05 Td (future ) Tj ET Q q 0 0 0 rg BT 85.23 512.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 124.76 512.05 Td (results ) Tj ET Q q 0 0 0 rg BT 152.63 512.05 Td (change, ) Tj ET Q q 0 0 0 rg BT 185.20 512.05 Td (or ) Tj ET Q q 0 0 0 rg BT 195.29 512.05 Td (if ) Tj ET Q q 0 0 0 rg BT 203.17 512.05 Td (there ) Tj ET Q q 0 0 0 rg BT 224.91 512.05 Td (are ) Tj ET Q q 0 0 0 rg BT 238.88 512.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 272.85 512.05 Td (to ) Tj ET Q q 0 0 0 rg BT 282.39 512.05 Td (other ) Tj ET Q q 0 0 0 rg BT 304.70 512.05 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 358.41 512.05 Td (the ) Tj ET Q q 0 0 0 rg BT 372.39 512.05 Td (estimate ) Tj ET Q q 0 0 0 rg BT 407.47 512.05 Td (of ) Tj ET Q q 0 0 0 rg BT 417.56 512.05 Td (the ) Tj ET Q q 0 0 0 rg BT 431.54 512.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 447.18 512.05 Td (value ) Tj ET Q q 0 0 0 rg BT 470.59 512.05 Td (of ) Tj ET Q q 0 0 0 rg BT 480.69 512.05 Td (our ) Tj ET Q q 0 0 0 rg BT 495.78 512.05 Td (acquired ) Tj ET Q q 0 0 0 rg BT 531.96 512.05 Td (product ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 500.05 Td (rights ) Tj ET Q q 0 0 0 rg BT 74.36 500.05 Td (and ) Tj ET Q q 0 0 0 rg BT 90.88 500.05 Td (other ) Tj ET Q q 0 0 0 rg BT 113.51 500.05 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 161.13 500.05 Td (intangible ) Tj ET Q q 0 0 0 rg BT 203.20 500.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 228.61 500.05 Td (could ) Tj ET Q q 0 0 0 rg BT 252.91 500.05 Td (change ) Tj ET Q q 0 0 0 rg BT 283.31 500.05 Td (significantly) Tj ET Q q 0 0 0 rg BT 332.65 500.05 Td (. ) Tj ET Q q 0 0 0 rg BT 337.23 500.05 Td (Such ) Tj ET Q q 0 0 0 rg BT 359.31 500.05 Td (change ) Tj ET Q q 0 0 0 rg BT 389.71 500.05 Td (could ) Tj ET Q q 0 0 0 rg BT 414.00 500.05 Td (result ) Tj ET Q q 0 0 0 rg BT 438.30 500.05 Td (in ) Tj ET Q q 0 0 0 rg BT 448.16 500.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 496.34 500.05 Td (char) Tj ET Q q 0 0 0 rg BT 513.37 500.05 Td (ges ) Tj ET Q q 0 0 0 rg BT 528.78 500.05 Td (in ) Tj ET Q q 0 0 0 rg BT 538.64 500.05 Td (future ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 488.05 Td (periods, ) Tj ET Q q 0 0 0 rg BT 83.94 488.05 Td (which ) Tj ET Q q 0 0 0 rg BT 110.88 488.05 Td (could ) Tj ET Q q 0 0 0 rg BT 135.59 488.05 Td (have ) Tj ET Q q 0 0 0 rg BT 156.97 488.05 Td (a ) Tj ET Q q 0 0 0 rg BT 163.91 488.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 208.62 488.05 Td (impact ) Tj ET Q q 0 0 0 rg BT 238.33 488.05 Td (on ) Tj ET Q q 0 0 0 rg BT 250.83 488.05 Td (our ) Tj ET Q q 0 0 0 rg BT 266.66 488.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 306.93 488.05 Td (results ) Tj ET Q q 0 0 0 rg BT 335.54 488.05 Td (and ) Tj ET Q q 0 0 0 rg BT 352.47 488.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 389.95 488.05 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 461.75 Td (Fair ) Tj ET Q q 0 0 0 rg BT 72.34 461.75 Td (V) Tj ET Q q 0 0 0 rg BT 77.90 461.75 Td (alue ) Tj ET Q q 0 0 0 rg BT 98.18 461.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.01 461.75 Td (Investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 444.75 Td (All ) Tj ET Q q 0 0 0 rg BT 88.67 444.75 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.00 444.75 Td ( ) Tj ET Q q 0 0 0 rg BT 99.38 444.75 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.10 444.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 165.26 444.75 Td (that ) Tj ET Q q 0 0 0 rg BT 182.65 444.75 Td (have ) Tj ET Q q 0 0 0 rg BT 203.91 444.75 Td (maturities ) Tj ET Q q 0 0 0 rg BT 246.29 444.75 Td (of ) Tj ET Q q 0 0 0 rg BT 257.01 444.75 Td (greater ) Tj ET Q q 0 0 0 rg BT 287.15 444.75 Td (than ) Tj ET Q q 0 0 0 rg BT 306.75 444.75 Td (90 ) Tj ET Q q 0 0 0 rg BT 319.14 444.75 Td (days ) Tj ET Q q 0 0 0 rg BT 339.86 444.75 Td (are ) Tj ET Q q 0 0 0 rg BT 354.45 444.75 Td (classified ) Tj ET Q q 0 0 0 rg BT 394.60 444.75 Td (as ) Tj ET Q q 0 0 0 rg BT 405.32 444.75 Td (available-for) Tj ET Q q 0 0 0 rg BT 456.20 444.75 Td (-sale ) Tj ET Q q 0 0 0 rg BT 477.46 444.75 Td (and ) Tj ET Q q 0 0 0 rg BT 494.29 444.75 Td (are ) Tj ET Q q 0 0 0 rg BT 508.89 444.75 Td (carried ) Tj ET Q q 0 0 0 rg BT 539.03 444.75 Td (at ) Tj ET Q q 0 0 0 rg BT 548.63 444.75 Td (fair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 432.75 Td (value.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.66 432.75 Td ( ) Tj ET Q q 0 0 0 rg BT 75.53 432.75 Td (W) Tj ET Q q 0 0 0 rg BT 84.17 432.75 Td (e ) Tj ET Q q 0 0 0 rg BT 90.62 432.75 Td (invest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.53 432.75 Td (excess ) Tj ET Q q 0 0 0 rg BT 144.64 432.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 164.43 432.75 Td (primarily ) Tj ET Q q 0 0 0 rg BT 203.66 432.75 Td (in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.44 432.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.46 432.75 Td (investment-grade ) Tj ET Q q 0 0 0 rg BT 284.89 432.75 Td (interest-bearing ) Tj ET Q q 0 0 0 rg BT 349.66 432.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 389.44 432.75 Td (such ) Tj ET Q q 0 0 0 rg BT 409.79 432.75 Td (as ) Tj ET Q q 0 0 0 rg BT 420.14 432.75 Td (money ) Tj ET Q q 0 0 0 rg BT 449.37 432.75 Td (market ) Tj ET Q q 0 0 0 rg BT 479.15 432.75 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 518.66 432.75 Td (certificates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 420.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.46 420.75 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 94.47 420.75 Td (commercial ) Tj ET Q q 0 0 0 rg BT 144.29 420.75 Td (paper) Tj ET Q q 0 0 0 rg BT 166.10 420.75 Td (, ) Tj ET Q q 0 0 0 rg BT 171.23 420.75 Td (corporate ) Tj ET Q q 0 0 0 rg BT 211.61 420.75 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 240.63 420.75 Td (municipal ) Tj ET Q q 0 0 0 rg BT 283.25 420.75 Td (and ) Tj ET Q q 0 0 0 rg BT 300.31 420.75 Td (government ) Tj ET Q q 0 0 0 rg BT 350.70 420.75 Td (agency ) Tj ET Q q 0 0 0 rg BT 381.64 420.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 428.71 420.75 Td (and ) Tj ET Q q 0 0 0 rg BT 445.78 420.75 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 492.27 420.75 Td (obligations ) Tj ET Q q 0 0 0 rg BT 539.34 420.75 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 420.75 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 408.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.13 408.75 Td (government) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.90 408.75 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.25 408.75 Td (all ) Tj ET Q q 0 0 0 rg BT 136.10 408.75 Td (of ) Tj ET Q q 0 0 0 rg BT 147.28 408.75 Td (which ) Tj ET Q q 0 0 0 rg BT 174.57 408.75 Td (are ) Tj ET Q q 0 0 0 rg BT 189.63 408.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 220.80 408.75 Td (to ) Tj ET Q q 0 0 0 rg BT 231.43 408.75 Td (minimal ) Tj ET Q q 0 0 0 rg BT 267.62 408.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 293.23 408.75 Td (and ) Tj ET Q q 0 0 0 rg BT 310.52 408.75 Td (market ) Tj ET Q q 0 0 0 rg BT 341.14 408.75 Td (risks.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.53 408.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.38 408.75 Td (Fair ) Tj ET Q q 0 0 0 rg BT 384.34 408.75 Td (value ) Tj ET Q q 0 0 0 rg BT 408.85 408.75 Td (is ) Tj ET Q q 0 0 0 rg BT 418.37 408.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 466.20 408.75 Td (based ) Tj ET Q q 0 0 0 rg BT 491.82 408.75 Td (on ) Tj ET Q q 0 0 0 rg BT 504.67 408.75 Td (quoted ) Tj ET Q q 0 0 0 rg BT 534.74 408.75 Td (market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 396.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 70.89 396.75 Td (when ) Tj ET Q q 0 0 0 rg BT 95.07 396.75 Td (observable ) Tj ET Q q 0 0 0 rg BT 140.90 396.75 Td (or ) Tj ET Q q 0 0 0 rg BT 151.74 396.75 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 187.59 396.75 Td (data ) Tj ET Q q 0 0 0 rg BT 206.76 396.75 Td (points ) Tj ET Q q 0 0 0 rg BT 233.72 396.75 Td (that ) Tj ET Q q 0 0 0 rg BT 251.23 396.75 Td (are ) Tj ET Q q 0 0 0 rg BT 265.95 396.75 Td (observable, ) Tj ET Q q 0 0 0 rg BT 314.28 396.75 Td (such ) Tj ET Q q 0 0 0 rg BT 335.13 396.75 Td (as ) Tj ET Q q 0 0 0 rg BT 345.97 396.75 Td (quoted ) Tj ET Q q 0 0 0 rg BT 375.70 396.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 404.59 396.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 436.54 396.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 457.93 396.75 Td (and ) Tj ET Q q 0 0 0 rg BT 474.89 396.75 Td (yield ) Tj ET Q q 0 0 0 rg BT 497.40 396.75 Td (curves. ) Tj ET Q q 0 0 0 rg BT 528.33 396.75 Td (The ) Tj ET Q q 0 0 0 rg BT 546.39 396.75 Td (cost ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 384.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.25 384.75 Td (available-for) Tj ET Q q 0 0 0 rg BT 111.13 384.75 Td (-sale ) Tj ET Q q 0 0 0 rg BT 132.43 384.75 Td (marketable ) Tj ET Q q 0 0 0 rg BT 179.27 384.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 219.45 384.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 238.54 384.75 Td (is ) Tj ET Q q 0 0 0 rg BT 247.63 384.75 Td (based ) Tj ET Q q 0 0 0 rg BT 272.82 384.75 Td (on ) Tj ET Q q 0 0 0 rg BT 285.24 384.75 Td (the ) Tj ET Q q 0 0 0 rg BT 299.88 384.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 333.40 384.75 Td (identification ) Tj ET Q q 0 0 0 rg BT 389.13 384.75 Td (method. ) Tj ET Q q 0 0 0 rg BT 424.05 384.75 Td (Unrealized ) Tj ET Q q 0 0 0 rg BT 470.33 384.75 Td (gains ) Tj ET Q q 0 0 0 rg BT 493.86 384.75 Td (and ) Tj ET Q q 0 0 0 rg BT 510.72 384.75 Td (losses, ) Tj ET Q q 0 0 0 rg BT 539.53 384.75 Td (net ) Tj ET Q q 0 0 0 rg BT 554.17 384.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 372.75 Td (tax, ) Tj ET Q q 0 0 0 rg BT 66.41 372.75 Td (are ) Tj ET Q q 0 0 0 rg BT 80.81 372.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 116.32 372.75 Td (in ) Tj ET Q q 0 0 0 rg BT 126.29 372.75 Td (stockholders) Tj ET Q q 0 0 0 rg BT 179.43 372.75 Td ( ) Tj ET Q q 0 0 0 rg BT 181.62 372.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 208.81 372.75 Td (as) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.14 372.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.33 372.75 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 272.06 372.75 Td (other ) Tj ET Q q 0 0 0 rg BT 294.80 372.75 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 357.52 372.75 Td (loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.08 372.75 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.78 372.75 Td (Realized ) Tj ET Q q 0 0 0 rg BT 414.95 372.75 Td (gains ) Tj ET Q q 0 0 0 rg BT 438.25 372.75 Td (and ) Tj ET Q q 0 0 0 rg BT 454.89 372.75 Td (losses ) Tj ET Q q 0 0 0 rg BT 480.97 372.75 Td (are ) Tj ET Q q 0 0 0 rg BT 495.37 372.75 Td (included ) Tj ET Q q 0 0 0 rg BT 532.00 372.75 Td (in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.78 372.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.97 372.75 Td (other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 360.75 Td (income ) Tj ET Q q 0 0 0 rg BT 81.43 360.75 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 125.30 360.75 Td (net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.52 360.75 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.52 360.75 Td (Interest ) Tj ET Q q 0 0 0 rg BT 175.00 360.75 Td (and ) Tj ET Q q 0 0 0 rg BT 191.94 360.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 233.33 360.75 Td (are ) Tj ET Q q 0 0 0 rg BT 248.04 360.75 Td (included ) Tj ET Q q 0 0 0 rg BT 284.97 360.75 Td (in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.75 360.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.25 360.75 Td (other ) Tj ET Q q 0 0 0 rg BT 318.29 360.75 Td (income ) Tj ET Q q 0 0 0 rg BT 350.23 360.75 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 394.09 360.75 Td (net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.31 360.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.81 360.75 Td (when ) Tj ET Q q 0 0 0 rg BT 432.97 360.75 Td (they ) Tj ET Q q 0 0 0 rg BT 452.69 360.75 Td (are ) Tj ET Q q 0 0 0 rg BT 467.40 360.75 Td (earned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.04 360.75 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 343.75 Td (As ) Tj ET Q q 0 0 0 rg BT 87.70 343.75 Td (of ) Tj ET Q q 0 0 0 rg BT 99.11 343.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 158.28 343.75 Td (2013, ) Tj ET Q q 0 0 0 rg BT 183.87 343.75 Td (our ) Tj ET Q q 0 0 0 rg BT 200.28 343.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 226.70 343.75 Td (measured ) Tj ET Q q 0 0 0 rg BT 268.10 343.75 Td (and ) Tj ET Q q 0 0 0 rg BT 285.62 343.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 323.68 343.75 Td (at ) Tj ET Q q 0 0 0 rg BT 333.98 343.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 350.95 343.75 Td (value ) Tj ET Q q 0 0 0 rg BT 375.69 343.75 Td (on ) Tj ET Q q 0 0 0 rg BT 388.77 343.75 Td (a ) Tj ET Q q 0 0 0 rg BT 396.29 343.75 Td (recurring ) Tj ET Q q 0 0 0 rg BT 436.02 343.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 459.11 343.75 Td (included ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.63 343.75 Td ($16.4 ) Tj ET Q q 0 0 0 rg BT 522.21 343.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.10 343.75 Td ( ) Tj ET Q q 0 0 0 rg BT 554.19 343.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 331.75 Td (money ) Tj ET Q q 0 0 0 rg BT 78.92 331.75 Td (market ) Tj ET Q q 0 0 0 rg BT 108.88 331.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 133.30 331.75 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.94 331.75 Td ($105.5 ) Tj ET Q q 0 0 0 rg BT 179.63 331.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.53 331.75 Td ( ) Tj ET Q q 0 0 0 rg BT 210.72 331.75 Td (of ) Tj ET Q q 0 0 0 rg BT 221.25 331.75 Td (marketable ) Tj ET Q q 0 0 0 rg BT 267.87 331.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 287.29 331.75 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 338.65 331.75 Td (Of ) Tj ET Q q 0 0 0 rg BT 351.40 331.75 Td (these ) Tj ET Q q 0 0 0 rg BT 374.15 331.75 Td (marketable ) Tj ET Q q 0 0 0 rg BT 420.76 331.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 440.18 331.75 Td (instruments, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.54 331.75 Td ($1) Tj ET Q q 0 0 0 rg BT 501.17 331.75 Td (1.4 ) Tj ET Q q 0 0 0 rg BT 515.87 331.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.76 331.75 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 331.75 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 319.75 Td (classified ) Tj ET Q q 0 0 0 rg BT 89.40 319.75 Td (as ) Tj ET Q q 0 0 0 rg BT 99.86 319.75 Td (Level ) Tj ET Q q 0 0 0 rg BT 124.76 319.75 Td (1 ) Tj ET Q q 0 0 0 rg BT 131.89 319.75 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.46 319.75 Td ($94.1 ) Tj ET Q q 0 0 0 rg BT 173.10 319.75 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.99 319.75 Td ( ) Tj ET Q q 0 0 0 rg BT 204.12 319.75 Td (as ) Tj ET Q q 0 0 0 rg BT 214.59 319.75 Td (Level ) Tj ET Q q 0 0 0 rg BT 239.49 319.75 Td (2. ) Tj ET Q q 0 0 0 rg BT 248.65 319.75 Td (All ) Tj ET Q q 0 0 0 rg BT 263.56 319.75 Td (of ) Tj ET Q q 0 0 0 rg BT 274.02 319.75 Td (our ) Tj ET Q q 0 0 0 rg BT 289.49 319.75 Td (money ) Tj ET Q q 0 0 0 rg BT 318.84 319.75 Td (market ) Tj ET Q q 0 0 0 rg BT 348.74 319.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 373.09 319.75 Td (are ) Tj ET Q q 0 0 0 rg BT 387.43 319.75 Td (classified ) Tj ET Q q 0 0 0 rg BT 427.33 319.75 Td (as ) Tj ET Q q 0 0 0 rg BT 437.79 319.75 Td (Level ) Tj ET Q q 0 0 0 rg BT 462.69 319.75 Td (1. ) Tj ET Q q 0 0 0 rg BT 472.17 319.75 Td (When ) Tj ET Q q 0 0 0 rg BT 498.18 319.75 Td (determining ) Tj ET Q q 0 0 0 rg BT 548.64 319.75 Td (fair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 307.75 Td (value, ) Tj ET Q q 0 0 0 rg BT 76.92 307.75 Td (we ) Tj ET Q q 0 0 0 rg BT 91.84 307.75 Td (consider ) Tj ET Q q 0 0 0 rg BT 128.97 307.75 Td (the ) Tj ET Q q 0 0 0 rg BT 144.45 307.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 183.25 307.75 Td (or ) Tj ET Q q 0 0 0 rg BT 194.85 307.75 Td (most ) Tj ET Q q 0 0 0 rg BT 217.55 307.75 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 275.24 307.75 Td (market ) Tj ET Q q 0 0 0 rg BT 306.26 307.75 Td (in ) Tj ET Q q 0 0 0 rg BT 317.30 307.75 Td (which ) Tj ET Q q 0 0 0 rg BT 345.00 307.75 Td (we ) Tj ET Q q 0 0 0 rg BT 359.92 307.75 Td (would ) Tj ET Q q 0 0 0 rg BT 388.18 307.75 Td (transact, ) Tj ET Q q 0 0 0 rg BT 425.04 307.75 Td (and ) Tj ET Q q 0 0 0 rg BT 442.74 307.75 Td (we ) Tj ET Q q 0 0 0 rg BT 457.66 307.75 Td (consider ) Tj ET Q q 0 0 0 rg BT 494.80 307.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 547.50 307.75 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 295.75 Td (market ) Tj ET Q q 0 0 0 rg BT 79.12 295.75 Td (participants ) Tj ET Q q 0 0 0 rg BT 127.62 295.75 Td (would ) Tj ET Q q 0 0 0 rg BT 154.48 295.75 Td (use ) Tj ET Q q 0 0 0 rg BT 169.66 295.75 Td (when ) Tj ET Q q 0 0 0 rg BT 193.18 295.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 223.36 295.75 Td (the ) Tj ET Q q 0 0 0 rg BT 237.43 295.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 258.72 295.75 Td (or ) Tj ET Q q 0 0 0 rg BT 268.91 295.75 Td (liability) Tj ET Q q 0 0 0 rg BT 299.36 295.75 Td (. ) Tj ET Q q 0 0 0 rg BT 303.72 295.75 Td (For ) Tj ET Q q 0 0 0 rg BT 319.46 295.75 Td (further ) Tj ET Q q 0 0 0 rg BT 348.53 295.75 Td (information, ) Tj ET Q q 0 0 0 rg BT 400.09 295.75 Td (see ) Tj ET Q q 0 0 0 rg BT 414.72 295.75 Td (Fair ) Tj ET Q q 0 0 0 rg BT 436.98 295.75 Td (V) Tj ET Q q 0 0 0 rg BT 443.10 295.75 Td (alue ) Tj ET Q q 0 0 0 rg BT 461.61 295.75 Td (of ) Tj ET Q q 0 0 0 rg BT 471.79 295.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 510.86 295.75 Td (Instruments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 283.75 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 283.75 Td (Notes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.61 283.75 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.61 283.75 Td ( ) Tj ET Q q 0 0 0 rg BT 93.11 283.75 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.05 283.75 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.05 283.75 Td ( ) Tj ET Q q 0 0 0 rg BT 117.55 283.75 Td (of ) Tj ET Q q 0 0 0 rg BT 128.38 283.75 Td (the ) Tj ET Q q 0 0 0 rg BT 143.09 283.75 Td (Notes ) Tj ET Q q 0 0 0 rg BT 168.92 283.75 Td (to ) Tj ET Q q 0 0 0 rg BT 179.20 283.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 234.48 283.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 274.19 283.75 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 266.75 Td (Credit ) Tj ET Q q 0 0 0 rg BT 101.00 266.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 118.51 266.75 Td (is ) Tj ET Q q 0 0 0 rg BT 127.69 266.75 Td (factored ) Tj ET Q q 0 0 0 rg BT 162.96 266.75 Td (into ) Tj ET Q q 0 0 0 rg BT 181.02 266.75 Td (the ) Tj ET Q q 0 0 0 rg BT 195.75 266.75 Td (valuation ) Tj ET Q q 0 0 0 rg BT 235.47 266.75 Td (of ) Tj ET Q q 0 0 0 rg BT 246.31 266.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.80 266.75 Td (instruments ) Tj ET Q q 0 0 0 rg BT 332.98 266.75 Td (that ) Tj ET Q q 0 0 0 rg BT 350.48 266.75 Td (we ) Tj ET Q q 0 0 0 rg BT 364.65 266.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 400.48 266.75 Td (and ) Tj ET Q q 0 0 0 rg BT 417.43 266.75 Td (record ) Tj ET Q q 0 0 0 rg BT 445.47 266.75 Td (at ) Tj ET Q q 0 0 0 rg BT 455.20 266.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 471.59 266.75 Td (value. ) Tj ET Q q 0 0 0 rg BT 498.07 266.75 Td (When ) Tj ET Q q 0 0 0 rg BT 524.46 266.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.84 266.75 Td (value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 254.75 Td (is ) Tj ET Q q 0 0 0 rg BT 58.70 254.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 106.20 254.75 Td (using ) Tj ET Q q 0 0 0 rg BT 130.40 254.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 161.25 254.75 Td (models, ) Tj ET Q q 0 0 0 rg BT 195.17 254.75 Td (such ) Tj ET Q q 0 0 0 rg BT 216.02 254.75 Td (as ) Tj ET Q q 0 0 0 rg BT 226.88 254.75 Td (a ) Tj ET Q q 0 0 0 rg BT 233.85 254.75 Td (discounted ) Tj ET Q q 0 0 0 rg BT 279.70 254.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 299.99 254.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 320.85 254.75 Td (model, ) Tj ET Q q 0 0 0 rg BT 350.87 254.75 Td (the ) Tj ET Q q 0 0 0 rg BT 365.62 254.75 Td (issuer) Tj ET Q q 0 0 0 rg BT 389.32 254.75 Td () Tj ET Q q 0 0 0 rg BT 392.10 254.75 Td (s ) Tj ET Q q 0 0 0 rg BT 398.51 254.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 423.80 254.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 441.33 254.75 Td (is ) Tj ET Q q 0 0 0 rg BT 450.53 254.75 Td (factored ) Tj ET Q q 0 0 0 rg BT 485.81 254.75 Td (into ) Tj ET Q q 0 0 0 rg BT 503.89 254.75 Td (the ) Tj ET Q q 0 0 0 rg BT 518.64 254.75 Td (calculation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 242.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 242.75 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 242.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 91.42 242.75 Td (value, ) Tj ET Q q 0 0 0 rg BT 118.08 242.75 Td (as ) Tj ET Q q 0 0 0 rg BT 128.91 242.75 Td (appropriate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 225.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.41 225.75 Td (money ) Tj ET Q q 0 0 0 rg BT 120.98 225.75 Td (market ) Tj ET Q q 0 0 0 rg BT 151.10 225.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 175.67 225.75 Td (and ) Tj ET Q q 0 0 0 rg BT 192.47 225.75 Td (marketable ) Tj ET Q q 0 0 0 rg BT 239.24 225.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 258.81 225.75 Td (instruments ) Tj ET Q q 0 0 0 rg BT 307.83 225.75 Td (that ) Tj ET Q q 0 0 0 rg BT 325.18 225.75 Td (are ) Tj ET Q q 0 0 0 rg BT 339.75 225.75 Td (measured ) Tj ET Q q 0 0 0 rg BT 380.42 225.75 Td (and ) Tj ET Q q 0 0 0 rg BT 397.21 225.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 434.54 225.75 Td (at ) Tj ET Q q 0 0 0 rg BT 444.11 225.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 460.34 225.75 Td (value ) Tj ET Q q 0 0 0 rg BT 484.35 225.75 Td (on ) Tj ET Q q 0 0 0 rg BT 496.71 225.75 Td (a ) Tj ET Q q 0 0 0 rg BT 503.50 225.75 Td (recurring ) Tj ET Q q 0 0 0 rg BT 542.50 225.75 Td (basis ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 213.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.38 213.75 Td (classified ) Tj ET Q q 0 0 0 rg BT 106.59 213.75 Td (as ) Tj ET Q q 0 0 0 rg BT 117.36 213.75 Td (Level ) Tj ET Q q 0 0 0 rg BT 142.57 213.75 Td (1 ) Tj ET Q q 0 0 0 rg BT 150.02 213.75 Td (were ) Tj ET Q q 0 0 0 rg BT 171.89 213.75 Td (classified ) Tj ET Q q 0 0 0 rg BT 212.10 213.75 Td (as ) Tj ET Q q 0 0 0 rg BT 222.87 213.75 Td (such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.64 213.75 Td (due ) Tj ET Q q 0 0 0 rg BT 260.53 213.75 Td (to ) Tj ET Q q 0 0 0 rg BT 270.75 213.75 Td (the ) Tj ET Q q 0 0 0 rg BT 285.41 213.75 Td (use ) Tj ET Q q 0 0 0 rg BT 301.18 213.75 Td (of ) Tj ET Q q 0 0 0 rg BT 311.96 213.75 Td (observable ) Tj ET Q q 0 0 0 rg BT 357.72 213.75 Td (market ) Tj ET Q q 0 0 0 rg BT 387.92 213.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 414.24 213.75 Td (for ) Tj ET Q q 0 0 0 rg BT 428.35 213.75 Td (identical ) Tj ET Q q 0 0 0 rg BT 465.22 213.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 505.43 213.75 Td (that ) Tj ET Q q 0 0 0 rg BT 522.87 213.75 Td (are ) Tj ET Q q 0 0 0 rg BT 537.52 213.75 Td (traded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 201.75 Td (in ) Tj ET Q q 0 0 0 rg BT 59.33 201.75 Td (active ) Tj ET Q q 0 0 0 rg BT 85.26 201.75 Td (markets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.91 201.75 Td (. ) Tj ET Q q 0 0 0 rg BT 121.47 201.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 175.72 201.75 Td (judgment ) Tj ET Q q 0 0 0 rg BT 215.55 201.75 Td (was ) Tj ET Q q 0 0 0 rg BT 233.15 201.75 Td (required ) Tj ET Q q 0 0 0 rg BT 268.52 201.75 Td (to ) Tj ET Q q 0 0 0 rg BT 278.35 201.75 Td (determine ) Tj ET Q q 0 0 0 rg BT 320.39 201.75 Td (the ) Tj ET Q q 0 0 0 rg BT 334.66 201.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 360.03 201.75 Td (for ) Tj ET Q q 0 0 0 rg BT 373.75 201.75 Td (the ) Tj ET Q q 0 0 0 rg BT 388.02 201.75 Td (frequency ) Tj ET Q q 0 0 0 rg BT 430.05 201.75 Td (of ) Tj ET Q q 0 0 0 rg BT 440.43 201.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 490.25 201.75 Td (that ) Tj ET Q q 0 0 0 rg BT 507.30 201.75 Td (should ) Tj ET Q q 0 0 0 rg BT 536.02 201.75 Td (be ) Tj ET Q q 0 0 0 rg BT 547.51 201.75 Td (met ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 189.75 Td (for ) Tj ET Q q 0 0 0 rg BT 63.47 189.75 Td (a ) Tj ET Q q 0 0 0 rg BT 70.22 189.75 Td (market ) Tj ET Q q 0 0 0 rg BT 100.30 189.75 Td (to ) Tj ET Q q 0 0 0 rg BT 110.39 189.75 Td (be ) Tj ET Q q 0 0 0 rg BT 122.14 189.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 167.77 189.75 Td (active. ) Tj ET Q q 0 0 0 rg BT 196.45 189.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 214.31 189.75 Td (assessment ) Tj ET Q q 0 0 0 rg BT 261.06 189.75 Td (of ) Tj ET Q q 0 0 0 rg BT 271.71 189.75 Td (an ) Tj ET Q q 0 0 0 rg BT 283.46 189.75 Td (active ) Tj ET Q q 0 0 0 rg BT 309.64 189.75 Td (market ) Tj ET Q q 0 0 0 rg BT 339.72 189.75 Td (for ) Tj ET Q q 0 0 0 rg BT 353.69 189.75 Td (our ) Tj ET Q q 0 0 0 rg BT 369.33 189.75 Td (marketable ) Tj ET Q q 0 0 0 rg BT 416.06 189.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 435.59 189.75 Td (instruments ) Tj ET Q q 0 0 0 rg BT 484.57 189.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 524.08 189.75 Td (takes ) Tj ET Q q 0 0 0 rg BT 546.94 189.75 Td (into ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 177.75 Td (consideration ) Tj ET Q q 0 0 0 rg BT 105.87 177.75 Td (the ) Tj ET Q q 0 0 0 rg BT 120.59 177.75 Td (number ) Tj ET Q q 0 0 0 rg BT 153.64 177.75 Td (of ) Tj ET Q q 0 0 0 rg BT 164.47 177.75 Td (days ) Tj ET Q q 0 0 0 rg BT 185.30 177.75 Td (each ) Tj ET Q q 0 0 0 rg BT 206.11 177.75 Td (individual ) Tj ET Q q 0 0 0 rg BT 249.16 177.75 Td (instrument ) Tj ET Q q 0 0 0 rg BT 294.44 177.75 Td (trades ) Tj ET Q q 0 0 0 rg BT 320.81 177.75 Td (over ) Tj ET Q q 0 0 0 rg BT 341.08 177.75 Td (a ) Tj ET Q q 0 0 0 rg BT 348.02 177.75 Td (specified ) Tj ET Q q 0 0 0 rg BT 386.61 177.75 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 160.75 Td (When ) Tj ET Q q 0 0 0 rg BT 98.87 160.75 Td (we ) Tj ET Q q 0 0 0 rg BT 112.03 160.75 Td (use ) Tj ET Q q 0 0 0 rg BT 126.85 160.75 Td (observable ) Tj ET Q q 0 0 0 rg BT 171.66 160.75 Td (market ) Tj ET Q q 0 0 0 rg BT 200.92 160.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 226.29 160.75 Td (for ) Tj ET Q q 0 0 0 rg BT 239.44 160.75 Td (identical ) Tj ET Q q 0 0 0 rg BT 275.37 160.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 314.62 160.75 Td (that ) Tj ET Q q 0 0 0 rg BT 331.11 160.75 Td (are ) Tj ET Q q 0 0 0 rg BT 344.81 160.75 Td (traded ) Tj ET Q q 0 0 0 rg BT 371.29 160.75 Td (in ) Tj ET Q q 0 0 0 rg BT 380.57 160.75 Td (less ) Tj ET Q q 0 0 0 rg BT 397.06 160.75 Td (active ) Tj ET Q q 0 0 0 rg BT 422.43 160.75 Td (markets, ) Tj ET Q q 0 0 0 rg BT 458.08 160.75 Td (we ) Tj ET Q q 0 0 0 rg BT 471.23 160.75 Td (classify ) Tj ET Q q 0 0 0 rg BT 503.27 160.75 Td (our ) Tj ET Q q 0 0 0 rg BT 518.09 160.75 Td (marketable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 148.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.55 148.75 Td (instruments ) Tj ET Q q 0 0 0 rg BT 135.29 148.75 Td (as ) Tj ET Q q 0 0 0 rg BT 145.69 148.75 Td (Level ) Tj ET Q q 0 0 0 rg BT 170.52 148.75 Td (2. ) Tj ET Q q 0 0 0 rg BT 179.94 148.75 Td (When ) Tj ET Q q 0 0 0 rg BT 205.89 148.75 Td (observable ) Tj ET Q q 0 0 0 rg BT 251.27 148.75 Td (market ) Tj ET Q q 0 0 0 rg BT 281.11 148.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 307.06 148.75 Td (for ) Tj ET Q q 0 0 0 rg BT 320.79 148.75 Td (identical ) Tj ET Q q 0 0 0 rg BT 357.29 148.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 397.12 148.75 Td (are ) Tj ET Q q 0 0 0 rg BT 411.40 148.75 Td (not ) Tj ET Q q 0 0 0 rg BT 426.25 148.75 Td (available, ) Tj ET Q q 0 0 0 rg BT 466.90 148.75 Td (we ) Tj ET Q q 0 0 0 rg BT 480.63 148.75 Td (price ) Tj ET Q q 0 0 0 rg BT 502.69 148.75 Td (our ) Tj ET Q q 0 0 0 rg BT 518.09 148.75 Td (marketable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 136.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.28 136.75 Td (instruments ) Tj ET Q q 0 0 0 rg BT 134.75 136.75 Td (using ) Tj ET Q q 0 0 0 rg BT 158.23 136.75 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 208.92 136.75 Td (market ) Tj ET Q q 0 0 0 rg BT 238.48 136.75 Td (consensus ) Tj ET Q q 0 0 0 rg BT 280.84 136.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 306.52 136.75 Td (that ) Tj ET Q q 0 0 0 rg BT 323.32 136.75 Td (are ) Tj ET Q q 0 0 0 rg BT 337.33 136.75 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 390.21 136.75 Td (with ) Tj ET Q q 0 0 0 rg BT 409.79 136.75 Td (observable ) Tj ET Q q 0 0 0 rg BT 454.91 136.75 Td (market ) Tj ET Q q 0 0 0 rg BT 484.48 136.75 Td (data; ) Tj ET Q q 0 0 0 rg BT 505.72 136.75 Td (quoted ) Tj ET Q q 0 0 0 rg BT 534.74 136.75 Td (market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 124.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 75.88 124.75 Td (for ) Tj ET Q q 0 0 0 rg BT 90.05 124.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 120.33 124.75 Td (instruments; ) Tj ET Q q 0 0 0 rg BT 172.27 124.75 Td (or ) Tj ET Q q 0 0 0 rg BT 183.11 124.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 213.94 124.75 Td (models ) Tj ET Q q 0 0 0 rg BT 245.33 124.75 Td (with ) Tj ET Q q 0 0 0 rg BT 265.61 124.75 Td (all ) Tj ET Q q 0 0 0 rg BT 278.11 124.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 322.83 124.75 Td (inputs ) Tj ET Q q 0 0 0 rg BT 349.78 124.75 Td (derived ) Tj ET Q q 0 0 0 rg BT 382.27 124.75 Td (from ) Tj ET Q q 0 0 0 rg BT 404.22 124.75 Td (or ) Tj ET Q q 0 0 0 rg BT 415.05 124.75 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 468.64 124.75 Td (with ) Tj ET Q q 0 0 0 rg BT 488.92 124.75 Td (observable ) Tj ET Q q 0 0 0 rg BT 534.74 124.75 Td (market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 112.75 Td (data. ) Tj ET Q q 0 0 0 rg BT 71.47 112.75 Td (Non-binding ) Tj ET Q q 0 0 0 rg BT 125.39 112.75 Td (market ) Tj ET Q q 0 0 0 rg BT 155.97 112.75 Td (consensus ) Tj ET Q q 0 0 0 rg BT 199.33 112.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 226.03 112.75 Td (are ) Tj ET Q q 0 0 0 rg BT 241.05 112.75 Td (based ) Tj ET Q q 0 0 0 rg BT 266.63 112.75 Td (on ) Tj ET Q q 0 0 0 rg BT 279.44 112.75 Td (the ) Tj ET Q q 0 0 0 rg BT 294.47 112.75 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 341.71 112.75 Td (valuation ) Tj ET Q q 0 0 0 rg BT 381.74 112.75 Td (models ) Tj ET Q q 0 0 0 rg BT 413.44 112.75 Td (of ) Tj ET Q q 0 0 0 rg BT 424.58 112.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 455.72 112.75 Td (providers. ) Tj ET Q q 0 0 0 rg BT 498.60 112.75 Td (These ) Tj ET Q q 0 0 0 rg BT 525.29 112.75 Td (valuation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 100.75 Td (models ) Tj ET Q q 0 0 0 rg BT 80.93 100.75 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 129.00 100.75 Td (a ) Tj ET Q q 0 0 0 rg BT 135.98 100.75 Td (number ) Tj ET Q q 0 0 0 rg BT 169.07 100.75 Td (of ) Tj ET Q q 0 0 0 rg BT 179.94 100.75 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 209.43 100.75 Td (including ) Tj ET Q q 0 0 0 rg BT 249.74 100.75 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 301.17 100.75 Td (and ) Tj ET Q q 0 0 0 rg BT 318.15 100.75 Td (binding ) Tj ET Q q 0 0 0 rg BT 351.24 100.75 Td (broker ) Tj ET Q q 0 0 0 rg BT 379.88 100.75 Td (quotes; ) Tj ET Q q 0 0 0 rg BT 411.31 100.75 Td (observable ) Tj ET Q q 0 0 0 rg BT 457.17 100.75 Td (market ) Tj ET Q q 0 0 0 rg BT 487.47 100.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 513.89 100.75 Td (for ) Tj ET Q q 0 0 0 rg BT 528.09 100.75 Td (identical ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 88.75 Td (or ) Tj ET Q q 0 0 0 rg BT 59.89 88.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 89.72 88.75 Td (securities; ) Tj ET Q q 0 0 0 rg BT 132.32 88.75 Td (and ) Tj ET Q q 0 0 0 rg BT 148.82 88.75 Td (the ) Tj ET Q q 0 0 0 rg BT 163.10 88.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 195.70 88.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 247.21 88.75 Td (of ) Tj ET Q q 0 0 0 rg BT 257.60 88.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 287.98 88.75 Td (providers ) Tj ET Q q 0 0 0 rg BT 327.81 88.75 Td (or ) Tj ET Q q 0 0 0 rg BT 338.20 88.75 Td (brokers ) Tj ET Q q 0 0 0 rg BT 370.25 88.75 Td (that ) Tj ET Q q 0 0 0 rg BT 387.30 88.75 Td (use ) Tj ET Q q 0 0 0 rg BT 402.69 88.75 Td (observable ) Tj ET Q q 0 0 0 rg BT 448.07 88.75 Td (market ) Tj ET Q q 0 0 0 rg BT 477.89 88.75 Td (inputs ) Tj ET Q q 0 0 0 rg BT 504.40 88.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 523.40 88.75 Td (to ) Tj ET Q q 0 0 0 rg BT 533.24 88.75 Td (a ) Tj ET Q q 0 0 0 rg BT 539.73 88.75 Td (lesser ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 76.75 Td (degree, ) Tj ET Q q 0 0 0 rg BT 81.55 76.75 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 137.78 76.75 Td (market ) Tj ET Q q 0 0 0 rg BT 168.45 76.75 Td (inputs. ) Tj ET Q q 0 0 0 rg BT 198.10 76.75 Td (W) Tj ET Q q 0 0 0 rg BT 206.74 76.75 Td (e ) Tj ET Q q 0 0 0 rg BT 214.08 76.75 Td (corroborate ) Tj ET Q q 0 0 0 rg BT 263.08 76.75 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 314.87 76.75 Td (market ) Tj ET Q q 0 0 0 rg BT 345.55 76.75 Td (consensus ) Tj ET Q q 0 0 0 rg BT 389.01 76.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 415.79 76.75 Td (with ) Tj ET Q q 0 0 0 rg BT 436.48 76.75 Td (observable ) Tj ET Q q 0 0 0 rg BT 482.71 76.75 Td (market ) Tj ET Q q 0 0 0 rg BT 513.38 76.75 Td (data ) Tj ET Q q 0 0 0 rg BT 532.94 76.75 Td (as ) Tj ET Q q 0 0 0 rg BT 544.18 76.75 Td (such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 64.75 Td (data ) Tj ET Q q 0 0 0 rg BT 68.66 64.75 Td (exists.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 47.75 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 47.75 Td (e ) Tj ET Q q 0 0 0 rg BT 89.08 47.75 Td (had ) Tj ET Q q 0 0 0 rg BT 106.01 47.75 Td (no ) Tj ET Q q 0 0 0 rg BT 118.51 47.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 168.79 47.75 Td (classified ) Tj ET Q q 0 0 0 rg BT 209.05 47.75 Td (as ) Tj ET Q q 0 0 0 rg BT 219.88 47.75 Td (Level ) Tj ET Q q 0 0 0 rg BT 245.15 47.75 Td (3 ) Tj ET Q q 0 0 0 rg BT 252.65 47.75 Td (at ) Tj ET Q q 0 0 0 rg BT 262.36 47.75 Td (December ) Tj ET Q q 0 0 0 rg BT 305.95 47.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 320.95 47.75 Td (2013.) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (37) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 740.25 Td (Deferred Commissions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 723.75 Td (Deferred commission expenses are the incremental costs that are directly associated with non-cancelable subscription ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 711.75 Td (contracts with customers and consist of sales commissions paid to our direct sales force. Commissions are calculated based on a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 699.75 Td (percentage of the revenues for the non-cancelable term of subscription contracts, which are typically) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.55 699.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.05 699.75 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.49 699.75 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.27 699.75 Td (five years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.41 699.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 683.25 Td (Prior to 2013, commissions were paid and recognized as sales expense when customer payments for contracted services ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 671.25 Td (were received on a monthly basis because commissions were earned based on receipt of customer payments. In 2013, we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (amended our commission plans to provide for payment after the customer's contract is signed.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.65 659.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.10 659.25 Td (As a result of the change in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 647.25 Td (commission plans, beginning in 2013, commission expense is deferred and amortized to sales expense over the non-cancelable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (terms of the related subscription contracts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.45 635.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.77 635.25 Td (The deferred commission expense amounts are recoverable through the future ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (revenue streams under the non-cancelable customer contracts. ) Tj ET Q q 0 0 0 rg BT 299.76 623.25 Td (The new plans also include claw back provisions, which require ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td (repayment of a proportionate amount of commissions, should customers cancel their contracts prior to the end of the initial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (contractual term. ) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 572.95 Td (Software ) Tj ET Q q 0 0 0 rg BT 90.67 572.95 Td (and ) Tj ET Q q 0 0 0 rg BT 108.55 572.95 Td (W) Tj ET Q q 0 0 0 rg BT 116.70 572.95 Td (ebsite ) Tj ET Q q 0 0 0 rg BT 142.53 572.95 Td (Development ) Tj ET Q q 0 0 0 rg BT 198.90 572.95 Td (Costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 555.95 Td (The ) Tj ET Q q 0 0 0 rg BT 92.26 555.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.36 555.95 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 179.77 555.95 Td (internal ) Tj ET Q q 0 0 0 rg BT 213.53 555.95 Td (and ) Tj ET Q q 0 0 0 rg BT 231.18 555.95 Td (external ) Tj ET Q q 0 0 0 rg BT 266.60 555.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 289.81 555.95 Td (incurred ) Tj ET Q q 0 0 0 rg BT 326.34 555.95 Td (to ) Tj ET Q q 0 0 0 rg BT 337.34 555.95 Td (develop ) Tj ET Q q 0 0 0 rg BT 372.21 555.95 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 422.62 555.95 Td (software ) Tj ET Q q 0 0 0 rg BT 460.27 555.95 Td (and ) Tj ET Q q 0 0 0 rg BT 477.92 555.95 Td (website ) Tj ET Q q 0 0 0 rg BT 511.68 555.95 Td (applications. ) Tj ET Q q 0 0 0 rg BT 565.00 555.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 543.95 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 96.95 543.95 Td (internal ) Tj ET Q q 0 0 0 rg BT 129.40 543.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 151.31 543.95 Td (include ) Tj ET Q q 0 0 0 rg BT 182.65 543.95 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 217.04 543.95 Td (benefits ) Tj ET Q q 0 0 0 rg BT 250.61 543.95 Td (and ) Tj ET Q q 0 0 0 rg BT 266.96 543.95 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 316.07 543.95 Td (compensation ) Tj ET Q q 0 0 0 rg BT 373.52 543.95 Td (char) Tj ET Q q 0 0 0 rg BT 390.55 543.95 Td (ges ) Tj ET Q q 0 0 0 rg BT 405.79 543.95 Td (for ) Tj ET Q q 0 0 0 rg BT 419.36 543.95 Td (employees ) Tj ET Q q 0 0 0 rg BT 464.03 543.95 Td (that ) Tj ET Q q 0 0 0 rg BT 480.94 543.95 Td (are ) Tj ET Q q 0 0 0 rg BT 495.05 543.95 Td (directly ) Tj ET Q q 0 0 0 rg BT 527.50 543.95 Td (involved ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 531.95 Td (in ) Tj ET Q q 0 0 0 rg BT 59.09 531.95 Td (developing ) Tj ET Q q 0 0 0 rg BT 105.34 531.95 Td (the ) Tj ET Q q 0 0 0 rg BT 119.37 531.95 Td (software ) Tj ET Q q 0 0 0 rg BT 155.61 531.95 Td (or ) Tj ET Q q 0 0 0 rg BT 165.75 531.95 Td (website ) Tj ET Q q 0 0 0 rg BT 198.11 531.95 Td (application, ) Tj ET Q q 0 0 0 rg BT 246.85 531.95 Td (and ) Tj ET Q q 0 0 0 rg BT 263.11 531.95 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 314.34 531.95 Td (of ) Tj ET Q q 0 0 0 rg BT 324.48 531.95 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.62 531.95 Td (used ) Tj ET Q q 0 0 0 rg BT 369.77 531.95 Td (in ) Tj ET Q q 0 0 0 rg BT 379.36 531.95 Td (the ) Tj ET Q q 0 0 0 rg BT 393.39 531.95 Td (development ) Tj ET Q q 0 0 0 rg BT 446.85 531.95 Td (process. ) Tj ET Q q 0 0 0 rg BT 481.15 531.95 Td ( ) Tj ET Q q 0 0 0 rg BT 482.97 531.95 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 530.32 531.95 Td (external ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 519.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.75 519.95 Td (include ) Tj ET Q q 0 0 0 rg BT 105.44 519.95 Td (third-party ) Tj ET Q q 0 0 0 rg BT 151.45 519.95 Td (consultants ) Tj ET Q q 0 0 0 rg BT 199.70 519.95 Td (involved ) Tj ET Q q 0 0 0 rg BT 237.94 519.95 Td (in ) Tj ET Q q 0 0 0 rg BT 248.97 519.95 Td (the ) Tj ET Q q 0 0 0 rg BT 264.44 519.95 Td (development ) Tj ET Q q 0 0 0 rg BT 319.34 519.95 Td (process, ) Tj ET Q q 0 0 0 rg BT 355.08 519.95 Td (as ) Tj ET Q q 0 0 0 rg BT 366.66 519.95 Td (well ) Tj ET Q q 0 0 0 rg BT 387.13 519.95 Td (as ) Tj ET Q q 0 0 0 rg BT 398.71 519.95 Td (other ) Tj ET Q q 0 0 0 rg BT 422.51 519.95 Td (direct ) Tj ET Q q 0 0 0 rg BT 448.52 519.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 471.78 519.95 Td (incurred ) Tj ET Q q 0 0 0 rg BT 508.34 519.95 Td (as ) Tj ET Q q 0 0 0 rg BT 519.92 519.95 Td (part ) Tj ET Q q 0 0 0 rg BT 538.72 519.95 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 519.95 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 507.95 Td (development ) Tj ET Q q 0 0 0 rg BT 103.65 507.95 Td (process.) 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Q q 0 0 0 rg BT 382.49 396.95 Td (whenever ) Tj ET Q q 0 0 0 rg BT 423.49 396.95 Td (events ) Tj ET Q q 0 0 0 rg BT 451.17 396.95 Td (or ) Tj ET Q q 0 0 0 rg BT 461.63 396.95 Td (changes ) Tj ET Q q 0 0 0 rg BT 495.97 396.95 Td (in ) Tj ET Q q 0 0 0 rg BT 505.88 396.95 Td (circumstances ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 384.95 Td (occur ) Tj ET Q q 0 0 0 rg BT 74.52 384.95 Td (that ) Tj ET Q q 0 0 0 rg BT 92.32 384.95 Td (could ) Tj ET Q q 0 0 0 rg BT 117.35 384.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 147.37 384.95 Td (the ) Tj ET Q q 0 0 0 rg BT 162.40 384.95 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 220.74 384.95 Td (of ) Tj ET Q q 0 0 0 rg BT 231.88 384.95 Td (these ) Tj ET Q q 0 0 0 rg BT 255.23 384.95 Td (assets. ) Tj ET Q q 0 0 0 rg BT 283.67 384.95 Td (The ) Tj ET Q q 0 0 0 rg BT 302.03 384.95 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 348.14 384.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 370.95 384.95 Td (are ) Tj ET Q q 0 0 0 rg BT 385.97 384.95 Td (included ) Tj ET Q q 0 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0 rg BT 346.77 372.95 Td (December ) Tj ET Q q 0 0 0 rg BT 390.11 372.95 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.61 372.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.87 372.95 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.87 372.95 Td ( ) Tj ET Q q 0 0 0 rg BT 427.13 372.95 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.83 372.95 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.83 372.95 Td (, ) Tj ET Q q 0 0 0 rg BT 468.59 372.95 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.51 372.95 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 528.08 372.95 Td (software ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 360.95 Td (and ) Tj ET Q q 0 0 0 rg BT 66.26 360.95 Td (website ) Tj ET Q q 0 0 0 rg BT 99.12 360.95 Td (application ) Tj ET Q q 0 0 0 rg BT 145.87 360.95 Td (development ) Tj ET Q q 0 0 0 rg BT 199.84 360.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 222.16 360.95 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.49 360.95 Td ( ) Tj ET Q BT 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 348.95 Td (the) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.72 348.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.16 348.95 Td (year ) Tj ET Q q 0 0 0 rg BT 81.81 348.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 107.13 348.95 Td (December ) Tj ET Q q 0 0 0 rg BT 149.65 348.95 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.15 348.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.59 348.95 Td (201) Tj ET Q q 0 0 0 rg BT 178.22 348.95 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.22 348.95 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.06 348.95 Td (There ) Tj ET Q q 0 0 0 rg BT 211.82 348.95 Td (was) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.37 348.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.81 348.95 Td ($69,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.31 348.95 Td ( ) Tj ET Q q 0 0 0 rg BT 262.75 348.95 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.97 348.95 Td (amortization ) Tj ET Q q 0 0 0 rg BT 323.95 348.95 Td (of ) Tj ET Q q 0 0 0 rg BT 333.72 348.95 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 378.47 348.95 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 427.12 348.95 Td (software ) Tj ET Q q 0 0 0 rg BT 462.99 348.95 Td (and ) Tj ET Q q 0 0 0 rg BT 478.87 348.95 Td (website ) Tj ET Q q 0 0 0 rg BT 510.86 348.95 Td (development ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 336.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 71.60 336.95 Td (recorded) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.57 336.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.67 336.95 Td (during ) Tj ET Q q 0 0 0 rg BT 136.88 336.95 Td (the) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.10 336.95 Td ( ) Tj ET Q q 0 0 0 rg BT 151.20 336.95 Td (year ) Tj ET Q q 0 0 0 rg BT 170.50 336.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 196.48 336.95 Td (December ) Tj ET Q q 0 0 0 rg BT 239.66 336.95 Td (31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.26 336.95 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.26 336.95 Td ( ) Tj ET Q q 0 0 0 rg BT 276.36 336.95 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.89 336.95 Td (no ) Tj ET Q q 0 0 0 rg BT 304.99 336.95 Td (such ) Tj ET Q q 0 0 0 rg BT 325.42 336.95 Td (amortization ) Tj ET Q q 0 0 0 rg BT 378.06 336.95 Td (recorded) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.03 336.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.13 336.95 Td (during ) Tj ET Q q 0 0 0 rg BT 443.34 336.95 Td (the) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.55 336.95 Td ( ) Tj ET Q q 0 0 0 rg BT 457.65 336.95 Td (years ) Tj ET Q q 0 0 0 rg BT 480.85 336.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 506.83 336.95 Td (December ) Tj ET Q q 0 0 0 rg BT 550.01 336.95 Td (31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 324.95 Td (2012 ) Tj ET Q q 0 0 0 rg BT 72.00 324.95 Td (and ) Tj ET Q q 0 0 0 rg BT 88.94 324.95 Td (201) Tj ET Q q 0 0 0 rg BT 103.57 324.95 Td (1.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 303.95 Td (Results ) Tj ET Q q 0 0 0 rg BT 83.11 303.95 Td (of ) Tj ET Q q 0 0 0 rg BT 93.94 303.95 Td (Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 286.95 Td (The ) Tj ET Q q 0 0 0 rg BT 92.06 286.95 Td (following ) Tj ET Q q 0 0 0 rg BT 133.96 286.95 Td (tables ) Tj ET Q q 0 0 0 rg BT 160.30 286.95 Td (set ) Tj ET Q q 0 0 0 rg BT 174.42 286.95 Td (forth ) Tj ET Q q 0 0 0 rg BT 196.88 286.95 Td (our ) Tj ET Q q 0 0 0 rg BT 213.22 286.95 Td (results ) Tj ET Q q 0 0 0 rg BT 242.34 286.95 Td (of ) Tj ET Q q 0 0 0 rg BT 253.69 286.95 Td (operations ) Tj ET Q q 0 0 0 rg BT 298.36 286.95 Td (for ) Tj ET Q q 0 0 0 rg BT 313.03 286.95 Td (the ) Tj ET Q q 0 0 0 rg BT 328.26 286.95 Td (periods ) Tj ET Q q 0 0 0 rg BT 360.71 286.95 Td (presented ) Tj ET Q q 0 0 0 rg BT 402.04 286.95 Td (and ) Tj ET Q q 0 0 0 rg BT 419.50 286.95 Td (as ) Tj ET Q q 0 0 0 rg BT 430.84 286.95 Td (a ) Tj ET Q q 0 0 0 rg BT 438.29 286.95 Td (percentage ) Tj ET Q q 0 0 0 rg BT 484.61 286.95 Td (of ) Tj ET Q q 0 0 0 rg BT 495.95 286.95 Td (our ) Tj ET Q q 0 0 0 rg BT 512.30 286.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 550.85 286.95 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 274.95 Td (those ) Tj ET Q q 0 0 0 rg BT 73.11 274.95 Td (periods. ) Tj ET Q q 0 0 0 rg BT 107.37 274.95 Td (The ) Tj ET Q q 0 0 0 rg BT 125.41 274.95 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 193.45 274.95 Td (comparison ) Tj ET Q q 0 0 0 rg BT 242.60 274.95 Td (of ) Tj ET Q q 0 0 0 rg BT 253.43 274.95 Td (financial ) Tj ET Q q 0 0 0 rg BT 290.91 274.95 Td (results ) Tj ET Q q 0 0 0 rg BT 319.52 274.95 Td (is ) Tj ET Q q 0 0 0 rg BT 328.69 274.95 Td (not ) Tj ET Q q 0 0 0 rg BT 343.97 274.95 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 390.89 274.95 Td (indicative ) Tj ET Q q 0 0 0 rg BT 432.82 274.95 Td (of ) Tj ET Q q 0 0 0 rg BT 443.65 274.95 Td (future ) Tj ET Q q 0 0 0 rg BT 470.03 274.95 Td (results.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 225.45 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 225.45 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 225.45 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 225.45 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 225.45 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 225.45 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 199.45 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 199.45 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 199.45 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 199.45 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 199.45 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 199.45 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 173.45 346.00 -13.00 re f /GS0 gs 0.8 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J 0 j 3 M 510 69.45000000000005 m 563 69.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 57.450000000000045 m 449 57.450000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 55.450000000000045 m 449 55.450000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 57.450000000000045 m 506 57.450000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 55.450000000000045 m 506 55.450000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 57.450000000000045 m 563 57.450000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 55.450000000000045 m 563 55.450000000000045 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 255.70 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.60 255.68 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 242.70 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.00 242.68 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.00 242.68 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.20 242.68 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 229.70 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.65 229.68 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 216.02 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 216.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.60 216.02 Td (128,481) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 216.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.60 216.02 Td (101,845) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 216.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 216.02 Td (55,494) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 203.02 Td (Cost of revenues \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 203.02 Td (32,748) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 203.02 Td (23,114) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 203.02 Td (15,784) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 190.02 Td (Gross profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 190.02 Td (95,733) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 190.02 Td (78,731) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 190.02 Td (39,710) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 177.02 Td (Operating expenses:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 164.02 Td (Sales and marketing \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 164.02 Td (21,331) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 164.02 Td (17,887) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 164.02 Td (12,126) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 151.02 Td (Research and development \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 151.02 Td (24,695) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 151.02 Td (18,053) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 151.02 Td (12,975) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 138.02 Td (General and administrative \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 138.02 Td (30,853) 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Tf ET q 0 0 0 rg BT 484.65 383.17 Td (1.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.30 383.22 Td (\(3.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.15 383.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 368.17 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 368.17 Td (9.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.15 368.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 368.17 Td (19.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.15 368.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 368.17 Td (6.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.15 368.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 347.00 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 330.00 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 330.00 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 330.00 Td (table ) Tj ET Q q 0 0 0 rg BT 154.87 330.00 Td (sets ) Tj ET Q q 0 0 0 rg BT 172.37 330.00 Td (forth ) Tj ET Q q 0 0 0 rg BT 194.31 330.00 Td (our ) Tj ET Q q 0 0 0 rg BT 210.14 330.00 Td (revenues ) Tj ET Q q 0 0 0 rg BT 248.17 330.00 Td (by ) Tj ET Q q 0 0 0 rg BT 260.67 330.00 Td (type ) Tj ET Q q 0 0 0 rg BT 280.39 330.00 Td (for ) Tj ET Q q 0 0 0 rg BT 294.55 330.00 Td (the ) Tj ET Q q 0 0 0 rg BT 309.27 330.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 341.21 330.00 Td (presented:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 275.50 346.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 275.50 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 275.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 275.50 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 275.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 275.50 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 246.50 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 246.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 246.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 246.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 246.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 246.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 216.50 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 216.50 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 216.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 216.50 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 216.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 216.50 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 164.50 346.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 164.50 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 164.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 164.50 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 164.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 164.50 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 135.50 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 135.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 135.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 135.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 135.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 135.50 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 301.5 m 449 301.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 301.5 m 453 301.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 301.5 m 506 301.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 301.5 m 563 301.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 288.5 m 449 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 288.5 m 506 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 288.5 m 563 288.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 231.5 m 449 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 231.5 m 506 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 231.5 m 563 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 231.5 m 449 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 217.5 m 449 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 215.5 m 449 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 231.5 m 506 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 217.5 m 506 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 215.5 m 506 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 231.5 m 563 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 217.5 m 563 217.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 215.5 m 563 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 190.5 m 449 190.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 190.5 m 453 190.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 190.5 m 506 190.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 190.5 m 563 190.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 177.5 m 449 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 177.5 m 506 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 177.5 m 563 177.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 120.5 m 449 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 120.5 m 506 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 120.5 m 563 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 120.5 m 449 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 106.5 m 449 106.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 104.5 m 449 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 120.5 m 506 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 106.5 m 506 106.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 104.5 m 506 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 120.5 m 563 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 106.5 m 563 106.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 104.5 m 563 104.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.60 305.73 Td (Year ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.00 292.73 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.00 292.73 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.20 292.73 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.65 279.73 Td (\(inthousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 266.23 Td (Revenue by type:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 252.07 Td (On-demand) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 251.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.60 251.17 Td (115,938) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 251.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.60 251.17 Td (88,752) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 251.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.60 251.17 Td (46,865) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 237.07 Td (On-premise) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.60 236.17 Td (12,543) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.60 236.17 Td (13,093) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 236.17 Td (8,629) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 222.07 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 221.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.60 221.17 Td (128,481) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 221.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.60 221.17 Td (101,845) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 221.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.60 221.17 Td (55,494) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 207.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.60 194.73 Td (Year ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.00 181.73 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.00 181.73 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.20 181.73 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.80 168.73 Td (\(as a percentage of revenues\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 155.23 Td (Revenue by type:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 141.07 Td (On-demand) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.15 140.17 Td (90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.15 140.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.15 140.17 Td (87) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.15 140.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 140.17 Td (84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.15 140.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 126.07 Td (On-premise) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.15 125.17 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.15 125.17 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 125.17 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 111.07 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.15 110.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.15 110.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.15 110.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.15 110.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.15 110.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.15 110.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 85.00 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 85.00 Td (otal ) Tj ET Q q 0 0 0 rg BT 96.66 85.00 Td (revenues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.96 85.00 Td (increased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.71 85.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.47 85.00 Td ($26.6 ) Tj ET Q q 0 0 0 rg BT 200.72 85.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.61 85.00 Td (, ) Tj ET Q q 0 0 0 rg BT 234.87 85.00 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.96 85.00 Td (26.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.79 85.00 Td (, ) Tj ET Q q 0 0 0 rg BT 277.04 85.00 Td (for ) Tj ET Q q 0 0 0 rg BT 291.46 85.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.43 85.00 Td (year ) Tj ET Q q 0 0 0 rg BT 326.40 85.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 353.03 85.00 Td (December ) Tj ET Q q 0 0 0 rg BT 396.87 85.00 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.37 85.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.13 85.00 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.13 85.00 Td ( ) Tj ET Q q 0 0 0 rg BT 434.88 85.00 Td (as ) Tj ET Q q 0 0 0 rg BT 445.97 85.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 488.15 85.00 Td (to ) Tj ET Q q 0 0 0 rg BT 498.68 85.00 Td (the ) Tj ET Q q 0 0 0 rg BT 513.66 85.00 Td (same ) Tj ET Q q 0 0 0 rg BT 536.96 85.00 Td (period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 73.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.33 73.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.33 73.00 Td (.) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 124.48 740.10 Td (revenues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.79 740.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.54 740.10 Td (d ) Tj ET Q q 0 0 0 rg BT 205.32 740.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.09 740.10 Td ($27.2 ) Tj ET Q q 0 0 0 rg BT 245.37 740.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.26 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 280.53 740.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 324.86 740.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 365.85 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.95 740.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.16 740.10 Td ($25.8 ) Tj ET Q q 0 0 0 rg BT 412.43 740.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.33 740.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.10 740.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.85 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 481.63 740.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.18 740.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 516.95 740.10 Td (Encompass) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.50 740.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 89.88 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.55 728.10 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.34 728.10 Td ($24.2 ) Tj ET Q q 0 0 0 rg BT 152.18 728.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.07 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.42 728.10 Td (related ) Tj ET Q q 0 0 0 rg BT 212.96 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.08 728.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.76 728.10 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 300.53 728.10 Td (Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.42 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.76 728.10 Td (model. ) Tj ET Q q 0 0 0 rg BT 361.60 728.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.94 728.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 386.29 728.10 Td (Encompass) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.83 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 434.18 728.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 472.06 728.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 512.16 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.83 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.61 728.10 Td (result ) Tj ET Q q 0 0 0 rg BT 554.17 728.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.38 716.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 99.82 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.81 716.10 Td (new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.13 716.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 152.80 716.10 Td (Encompass) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.35 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.01 716.10 Td (users ) Tj ET Q q 0 0 0 rg BT 224.22 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.33 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 252.32 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.42 716.10 Td (result ) Tj ET Q q 0 0 0 rg BT 284.30 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.30 716.10 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 334.06 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.05 716.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 379.38 716.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 422.59 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.03 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.03 716.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 471.69 716.10 Td (platform. ) Tj ET Q q 0 0 0 rg BT 511.29 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.76 716.10 Td (The ) Tj ET Q q 0 0 0 rg BT 531.97 716.10 Td (number ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.99 704.10 Td (average ) Tj ET Q q 0 0 0 rg BT 93.24 704.10 Td (active ) Tj ET Q q 0 0 0 rg BT 119.27 704.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 141.43 704.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 189.14 704.10 Td (users ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.86 704.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.61 704.10 Td (d ) Tj ET Q q 0 0 0 rg BT 251.77 704.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.94 704.10 Td (66.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.77 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.93 704.10 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.53 704.10 Td (33,203) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.03 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.19 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.01 704.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.39 704.10 Td (year ) Tj ET Q q 0 0 0 rg BT 390.76 704.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 416.80 704.10 Td (December ) Tj ET Q q 0 0 0 rg BT 460.05 704.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.55 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.71 704.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 496.87 704.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.81 704.10 Td (55,421) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.31 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.47 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.29 704.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.25 692.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 95.67 692.10 Td (December ) Tj ET Q q 0 0 0 rg BT 139.30 692.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.80 692.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.34 692.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 176.89 692.10 Td (due ) Tj ET Q q 0 0 0 rg BT 193.87 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.19 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.95 692.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 254.27 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.14 692.10 Td (new ) Tj ET Q q 0 0 0 rg BT 284.35 692.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 327.44 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.42 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.18 692.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 399.50 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.37 692.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 457.90 692.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 493.21 692.10 Td (users ) Tj ET Q q 0 0 0 rg BT 516.31 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 526.63 692.10 Td (our ) Tj ET Q q 0 0 0 rg BT 542.50 692.10 Td (SaaS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 97.90 680.10 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 160.17 680.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 191.91 680.10 Td (of) Tj ET Q q 0 0 0 rg BT 200.06 680.10 Td (fering. ) Tj ET Q q 0 0 0 rg BT 229.08 680.10 Td (The ) Tj ET Q q 0 0 0 rg BT 247.48 680.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 281.97 680.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 313.15 680.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 361.54 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.16 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.23 680.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 422.83 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.46 680.10 Td (average ) Tj ET Q q 0 0 0 rg BT 467.39 680.10 Td (active ) Tj ET Q q 0 0 0 rg BT 494.11 680.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 516.96 680.10 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (users ) Tj ET Q q 0 0 0 rg BT 72.62 668.10 Td (was ) Tj ET Q q 0 0 0 rg BT 90.74 668.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 126.63 668.10 Td (of) Tj ET Q q 0 0 0 rg BT 134.78 668.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 151.79 668.10 Td (by ) Tj ET Q q 0 0 0 rg BT 164.35 668.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.36 668.10 Td (7.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.19 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.76 668.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 231.74 668.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.09 668.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 264.66 668.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 312.77 668.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 346.99 668.10 Td (per ) Tj ET Q q 0 0 0 rg BT 362.32 668.10 Td (average ) Tj ET Q q 0 0 0 rg BT 395.97 668.10 Td (active ) Tj ET Q q 0 0 0 rg BT 422.42 668.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 444.98 668.10 Td (user ) Tj ET Q q 0 0 0 rg BT 464.21 668.10 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.22 668.10 Td ($1,444) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.72 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.29 668.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.52 668.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.30 668.10 Td (year ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.41 656.10 Td (December ) Tj ET Q q 0 0 0 rg BT 120.53 656.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.03 656.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.06 656.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.06 656.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.10 656.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.91 656.10 Td ($1,330) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.41 656.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.44 656.10 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.14 656.10 Td (year ) Tj ET Q q 0 0 0 rg BT 235.38 656.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 262.29 656.10 Td (December ) Tj ET Q q 0 0 0 rg BT 306.40 656.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.90 656.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.94 656.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 347.47 656.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 377.71 656.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 417.96 656.10 Td (by ) Tj ET Q q 0 0 0 rg BT 430.99 656.10 Td (a ) Tj ET Q q 0 0 0 rg BT 438.46 656.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 470.37 656.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.18 656.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 509.76 656.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 530.01 656.10 Td (volume, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (lenders) Tj ET Q q 0 0 0 rg BT 80.96 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.08 644.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 106.85 644.10 Td (on ) Tj ET Q q 0 0 0 rg BT 118.96 644.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 159.39 644.10 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.69 644.10 Td (A) Tj ET Q q 0 0 0 rg BT 178.81 644.10 Td (TR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.58 644.10 Td (/) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.36 644.10 Td (QM) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.48 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.59 644.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 234.14 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.69 644.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 278.35 644.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 343.22 644.10 Td (cycles ) Tj ET Q q 0 0 0 rg BT 370.32 644.10 Td (for ) Tj ET Q q 0 0 0 rg BT 384.09 644.10 Td (some ) Tj ET Q q 0 0 0 rg BT 407.31 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.75 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.08 644.10 Td (lar) Tj ET Q q 0 0 0 rg BT 442.45 644.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 457.33 644.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 499.99 644.10 Td (that ) Tj ET Q q 0 0 0 rg BT 517.10 644.10 Td (were ) Tj ET Q q 0 0 0 rg BT 538.64 644.10 Td (added ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 77.53 632.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.81 632.10 Td (2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 611.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 118.43 611.10 Td (contributors ) Tj ET Q q 0 0 0 rg BT 168.91 611.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.84 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.21 611.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 223.70 611.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.63 611.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 280.77 611.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 318.46 611.10 Td (were ) Tj ET Q q 0 0 0 rg BT 340.05 611.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.64 611.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 366.29 611.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.19 611.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.34 611.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.09 611.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.25 611.10 Td (in ) Tj ET Q q 0 0 0 rg BT 442.18 611.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 479.87 611.10 Td (from ) Tj ET Q q 0 0 0 rg BT 501.47 611.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.95 611.10 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 599.10 Td (CenterW) Tj ET Q q 0 0 0 rg BT 85.19 599.10 Td (ise) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.30 599.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.38 599.10 Td (of) Tj ET Q q 0 0 0 rg BT 106.53 599.10 Td (fering) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.40 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.48 599.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 171.77 599.10 Td (due ) Tj ET Q q 0 0 0 rg BT 188.28 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.13 599.10 Td (an ) Tj ET Q q 0 0 0 rg BT 209.65 599.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 244.48 599.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.33 599.10 Td (our ) Tj ET Q q 0 0 0 rg BT 269.73 599.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 314.86 599.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.37 599.10 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 340.95 599.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.84 599.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.91 599.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.67 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.74 599.10 Td (in ) Tj ET Q q 0 0 0 rg BT 416.59 599.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 454.21 599.10 Td (from ) Tj ET Q q 0 0 0 rg BT 475.72 599.10 Td (our ) Tj ET Q q 0 0 0 rg BT 490.98 599.10 Td (TQL) Tj ET Q q 0 0 0 rg BT 510.04 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.12 599.10 Td (program ) Tj ET Q q 0 0 0 rg BT 548.07 599.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.68 587.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 76.92 587.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.81 587.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.56 587.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.31 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.05 587.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.57 587.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 192.85 587.10 Td (from ) Tj ET Q q 0 0 0 rg BT 215.03 587.10 Td (network ) Tj ET Q q 0 0 0 rg BT 250.54 587.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 301.05 587.10 Td (due ) Tj ET Q q 0 0 0 rg BT 318.23 587.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.75 587.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 369.24 587.10 Td (network ) Tj ET Q q 0 0 0 rg BT 404.75 587.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 430.26 587.10 Td (for ) Tj ET Q q 0 0 0 rg BT 444.66 587.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.62 587.10 Td (year ) Tj ET Q q 0 0 0 rg BT 479.57 587.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 506.19 587.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.02 587.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.52 587.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 575.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 72.16 575.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 114.25 575.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.69 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.56 575.10 Td (same ) Tj ET Q q 0 0 0 rg BT 162.77 575.10 Td (period ) Tj ET Q q 0 0 0 rg BT 190.98 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.97 575.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 227.13 575.10 Td (Partially ) Tj ET Q q 0 0 0 rg BT 263.67 575.10 Td (of) Tj ET Q q 0 0 0 rg BT 271.82 575.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 304.48 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.36 575.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 354.77 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 365.21 575.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 412.86 575.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 451.06 575.10 Td (was ) Tj ET Q q 0 0 0 rg BT 469.27 575.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.37 575.10 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 496.53 575.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.42 575.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.08 575.10 Td (decrease) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.50 575.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.92 563.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 98.09 563.10 Td (from ) Tj ET Q q 0 0 0 rg BT 120.16 563.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.13 563.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 181.53 563.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 229.71 563.10 Td (Docs ) Tj ET Q q 0 0 0 rg BT 252.90 563.10 Td (Solution ) Tj ET Q q 0 0 0 rg BT 289.44 563.10 Td (for ) Tj ET Q q 0 0 0 rg BT 303.73 563.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.59 563.10 Td (year ) Tj ET Q q 0 0 0 rg BT 338.43 563.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 364.94 563.10 Td (December ) Tj ET Q q 0 0 0 rg BT 408.67 563.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.17 563.10 Td ( ) Tj ET Q q 0 0 0 rg BT 423.80 563.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 446.44 563.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 488.50 563.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.91 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.77 563.10 Td (same ) Tj ET Q q 0 0 0 rg BT 536.95 563.10 Td (period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.97 551.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 84.62 551.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 123.97 551.10 Td (as ) Tj ET Q q 0 0 0 rg BT 134.44 551.10 Td (a ) Tj ET Q q 0 0 0 rg BT 141.02 551.10 Td (result ) Tj ET Q q 0 0 0 rg BT 165.38 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.86 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.21 551.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 236.23 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.71 551.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 289.40 551.10 Td (from ) Tj ET Q q 0 0 0 rg BT 310.98 551.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 355.88 551.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 394.14 551.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.07 551.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 426.21 551.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 473.90 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.48 551.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 525.94 551.10 Td (from ) Tj ET Q q 0 0 0 rg BT 547.52 551.10 Td (two ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 94.76 539.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 133.38 539.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 184.77 539.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 227.82 539.10 Td (having ) Tj ET Q q 0 0 0 rg BT 257.53 539.10 Td (gone ) Tj ET Q q 0 0 0 rg BT 279.47 539.10 Td (out ) Tj ET Q q 0 0 0 rg BT 294.75 539.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.58 539.10 Td (business ) Tj ET Q q 0 0 0 rg BT 341.97 539.10 Td (during ) Tj ET Q q 0 0 0 rg BT 370.58 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.30 539.10 Td (third ) Tj ET Q q 0 0 0 rg BT 406.68 539.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 437.50 539.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.33 539.10 Td (2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 518.10 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 122.58 518.10 Td (revenues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.99 518.10 Td (decrease) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.40 518.10 Td (d ) Tj ET Q q 0 0 0 rg BT 201.28 518.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.15 518.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 232.52 518.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 518.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.29 518.10 Td (for ) Tj ET Q q 0 0 0 rg BT 276.82 518.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.91 518.10 Td (year ) Tj ET Q q 0 0 0 rg BT 309.99 518.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 335.74 518.10 Td (December ) Tj ET Q q 0 0 0 rg BT 378.69 518.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.19 518.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.07 518.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 414.94 518.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 456.23 518.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.89 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.97 518.10 Td (same ) Tj ET Q q 0 0 0 rg BT 502.39 518.10 Td (period ) Tj ET Q q 0 0 0 rg BT 529.81 518.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.02 518.10 Td (2012, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 506.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 88.97 506.10 Td (due ) Tj ET Q q 0 0 0 rg BT 105.67 506.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.70 506.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.40 506.10 Td ($2.7 ) Tj ET Q q 0 0 0 rg BT 142.16 506.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.05 506.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.31 506.10 Td (decrease) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.72 506.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.98 506.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.02 506.10 Td (software ) Tj ET Q q 0 0 0 rg BT 256.70 506.10 Td (license ) Tj ET Q q 0 0 0 rg BT 286.73 506.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.42 506.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 356.21 506.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 374.57 506.10 Td (as ) Tj ET Q q 0 0 0 rg BT 385.15 506.10 Td (our ) Tj ET Q q 0 0 0 rg BT 400.74 506.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 447.99 506.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 490.79 506.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 532.47 506.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.51 506.10 Td (SaaS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 494.10 Td (Encompass) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.05 494.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.73 494.10 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 161.85 494.10 Td (Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.74 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.43 494.10 Td (users. ) Tj ET Q q 0 0 0 rg BT 221.17 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.59 494.10 Td (This ) Tj ET Q q 0 0 0 rg BT 246.05 494.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 284.16 494.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.62 494.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 334.85 494.10 Td (was ) Tj ET Q q 0 0 0 rg BT 354.09 494.10 Td (of) Tj ET Q q 0 0 0 rg BT 362.24 494.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 380.36 494.10 Td (by ) Tj ET Q q 0 0 0 rg BT 394.05 494.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.18 494.10 Td ($2.2 ) Tj ET Q q 0 0 0 rg BT 423.37 494.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.26 494.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.94 494.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.70 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.39 494.10 Td (in ) Tj ET Q q 0 0 0 rg BT 503.85 494.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 543.08 494.10 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 482.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 114.81 482.10 Td (services ) Tj ET Q q 0 0 0 rg BT 149.55 482.10 Td (for ) Tj ET Q q 0 0 0 rg BT 163.76 482.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.51 482.10 Td (year ) Tj ET Q q 0 0 0 rg BT 198.26 482.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 224.68 482.10 Td (December ) Tj ET Q q 0 0 0 rg BT 268.31 482.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.81 482.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.35 482.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 305.89 482.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 347.85 482.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.17 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.93 482.10 Td (same ) Tj ET Q q 0 0 0 rg BT 396.02 482.10 Td (period ) Tj ET Q q 0 0 0 rg BT 424.11 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.98 482.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 460.02 482.10 Td (as ) Tj ET Q q 0 0 0 rg BT 470.89 482.10 Td (we ) Tj ET Q q 0 0 0 rg BT 485.10 482.10 Td (began ) Tj ET Q q 0 0 0 rg BT 511.51 482.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.83 482.10 Td (char) Tj ET Q q 0 0 0 rg BT 538.86 482.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 550.84 482.10 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 470.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 114.76 470.10 Td (services ) Tj ET Q q 0 0 0 rg BT 149.47 470.10 Td (during ) Tj ET Q q 0 0 0 rg BT 178.08 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.80 470.10 Td (third ) Tj ET Q q 0 0 0 rg BT 214.18 470.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 245.00 470.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.83 470.10 Td (2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 449.10 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 449.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 96.66 449.10 Td (revenues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.96 449.10 Td (increased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.71 449.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.47 449.10 Td ($46.4 ) Tj ET Q q 0 0 0 rg BT 200.72 449.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.61 449.10 Td (, ) Tj ET Q q 0 0 0 rg BT 234.87 449.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.96 449.10 Td (83.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.79 449.10 Td (, ) Tj ET Q q 0 0 0 rg BT 277.04 449.10 Td (for ) Tj ET Q q 0 0 0 rg BT 291.46 449.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.43 449.10 Td (year ) Tj ET Q q 0 0 0 rg BT 326.40 449.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 353.03 449.10 Td (December ) Tj ET Q q 0 0 0 rg BT 396.87 449.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 412.13 449.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.13 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 434.88 449.10 Td (as ) Tj ET Q q 0 0 0 rg BT 445.97 449.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 488.15 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.68 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.66 449.10 Td (same ) Tj ET Q q 0 0 0 rg BT 536.96 449.10 Td (period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.33 437.10 Td (201) Tj ET Q q 0 0 0 rg BT 74.96 437.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.96 437.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 416.10 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 122.27 416.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 159.36 416.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 198.68 416.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.24 416.10 Td ($41.9 ) Tj ET Q q 0 0 0 rg BT 234.30 416.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.19 416.10 Td (, ) Tj ET Q q 0 0 0 rg BT 267.25 416.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 309.37 416.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 348.14 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.03 416.10 Td (a ) Tj ET Q q 0 0 0 rg BT 364.03 416.10 Td ($27.7 ) Tj ET Q q 0 0 0 rg BT 388.09 416.10 Td (million ) Tj ET Q q 0 0 0 rg BT 418.54 416.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 452.85 416.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.19 416.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 483.75 416.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 530.86 416.10 Td (revenue ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 86.68 404.10 Td (from ) Tj ET Q q 0 0 0 rg BT 108.30 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.70 404.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 157.65 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.16 404.10 Td (new ) Tj ET Q q 0 0 0 rg BT 187.00 404.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 209.19 404.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 256.91 404.10 Td (users ) Tj ET Q q 0 0 0 rg BT 279.65 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.27 404.10 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 334.55 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.06 404.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 378.91 404.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 421.63 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.59 404.10 Td (our ) Tj ET Q q 0 0 0 rg BT 447.11 404.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 469.29 404.10 Td (platform ) Tj ET Q q 0 0 0 rg BT 505.90 404.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 543.08 404.10 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.50 392.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 107.60 392.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 150.82 392.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 175.15 392.10 Td (on ) Tj ET Q q 0 0 0 rg BT 187.82 392.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.82 392.10 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 265.91 392.10 Td (Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.80 392.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.47 392.10 Td (model ) Tj ET Q q 0 0 0 rg BT 325.14 392.10 Td (as ) Tj ET Q q 0 0 0 rg BT 336.14 392.10 Td (well ) Tj ET Q q 0 0 0 rg BT 356.02 392.10 Td (as ) Tj ET Q q 0 0 0 rg BT 367.02 392.10 Td (an ) Tj ET Q q 0 0 0 rg BT 379.13 392.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 414.55 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.00 392.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 465.44 392.10 Td (origination ) Tj ET Q q 0 0 0 rg BT 511.99 392.10 Td (volume. ) Tj ET Q q 0 0 0 rg BT 546.96 392.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (number ) Tj ET Q q 0 0 0 rg BT 81.92 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.13 380.10 Td (active ) Tj ET Q q 0 0 0 rg BT 117.88 380.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 139.75 380.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 187.18 380.10 Td (users ) Tj ET Q q 0 0 0 rg BT 209.61 380.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 249.24 380.10 Td (by ) Tj ET Q q 0 0 0 rg BT 261.11 380.10 Td (70.9% ) Tj ET Q q 0 0 0 rg BT 288.82 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.47 380.10 Td (41,458 ) Tj ET Q q 0 0 0 rg BT 327.85 380.10 Td (users ) Tj ET Q q 0 0 0 rg BT 350.28 380.10 Td (at ) Tj ET Q q 0 0 0 rg BT 359.37 380.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 417.33 380.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 439.21 380.10 Td (from ) Tj ET Q q 0 0 0 rg BT 460.52 380.10 Td (24,252 ) Tj ET Q q 0 0 0 rg BT 489.90 380.10 Td (users ) Tj ET Q q 0 0 0 rg BT 512.33 380.10 Td (at ) Tj ET Q q 0 0 0 rg BT 521.42 380.10 Td (December ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 63.64 368.10 Td (201) Tj ET Q q 0 0 0 rg BT 78.26 368.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 84.90 368.10 Td (due ) Tj ET Q q 0 0 0 rg BT 100.97 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.39 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.24 368.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 158.65 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.62 368.10 Td (new ) Tj ET Q q 0 0 0 rg BT 186.91 368.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 229.09 368.10 Td (as ) Tj ET Q q 0 0 0 rg BT 239.06 368.10 Td (well ) Tj ET Q q 0 0 0 rg BT 257.91 368.10 Td (as ) Tj ET Q q 0 0 0 rg BT 267.88 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.73 368.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 321.14 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.11 368.10 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 377.73 368.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 412.13 368.10 Td (users ) Tj ET Q q 0 0 0 rg BT 434.31 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.73 368.10 Td (our ) Tj ET Q q 0 0 0 rg BT 458.69 368.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 480.33 368.10 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.51 368.10 Td (Success-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 76.19 356.10 Td (Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.08 356.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.34 356.10 Td (of) Tj ET Q q 0 0 0 rg BT 115.49 356.10 Td (fering. ) Tj ET Q q 0 0 0 rg BT 144.12 356.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 166.38 356.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 214.18 356.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 251.42 356.10 Td (per ) Tj ET Q q 0 0 0 rg BT 266.44 356.10 Td (average ) Tj ET Q q 0 0 0 rg BT 299.78 356.10 Td (active ) Tj ET Q q 0 0 0 rg BT 325.91 356.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 348.17 356.10 Td (user ) Tj ET Q q 0 0 0 rg BT 367.08 356.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 407.09 356.10 Td (by ) Tj ET Q q 0 0 0 rg BT 419.35 356.10 Td (41.0% ) Tj ET Q q 0 0 0 rg BT 447.43 356.10 Td (for ) Tj ET Q q 0 0 0 rg BT 461.35 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.82 356.10 Td (year ) Tj ET Q q 0 0 0 rg BT 495.29 356.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 521.42 356.10 Td (December ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 64.62 344.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 87.24 344.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 129.28 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.68 344.10 Td (same ) Tj ET Q q 0 0 0 rg BT 162.85 344.10 Td (period ) Tj ET Q q 0 0 0 rg BT 191.01 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.96 344.10 Td (201) Tj ET Q q 0 0 0 rg BT 216.59 344.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 224.21 344.10 Td (due ) Tj ET Q q 0 0 0 rg BT 241.27 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.67 344.10 Td (an ) Tj ET Q q 0 0 0 rg BT 263.73 344.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 299.10 344.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.50 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.33 344.10 Td (number ) Tj ET Q q 0 0 0 rg BT 357.50 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.45 344.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 396.62 344.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 420.34 344.10 Td (per ) Tj ET Q q 0 0 0 rg BT 435.15 344.10 Td (Active ) Tj ET Q q 0 0 0 rg BT 464.43 344.10 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 487.05 344.10 Td (User ) Tj ET Q q 0 0 0 rg BT 508.55 344.10 Td (as ) Tj ET Q q 0 0 0 rg BT 519.50 344.10 Td (well ) Tj ET Q q 0 0 0 rg BT 539.34 344.10 Td (as ) Tj ET Q q 0 0 0 rg BT 550.29 344.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 90.59 332.10 Td (movement ) Tj ET Q q 0 0 0 rg BT 134.45 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.43 332.10 Td (users ) Tj ET Q q 0 0 0 rg BT 166.63 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.06 332.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.05 332.10 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 252.13 332.10 Td (Pricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.01 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.67 332.10 Td (model, ) Tj ET Q q 0 0 0 rg BT 311.81 332.10 Td (which ) Tj ET Q q 0 0 0 rg BT 337.90 332.10 Td (of) Tj ET Q q 0 0 0 rg BT 346.05 332.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 362.69 332.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 389.89 332.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 423.19 332.10 Td (per ) Tj ET Q q 0 0 0 rg BT 437.61 332.10 Td (user ) Tj ET Q q 0 0 0 rg BT 455.92 332.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 497.00 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.43 332.10 Td (our ) Tj ET Q q 0 0 0 rg BT 521.41 332.10 Td (traditional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (license ) Tj ET Q q 0 0 0 rg BT 79.76 320.10 Td (model.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 299.10 Td (On-demand ) Tj ET Q q 0 0 0 rg BT 123.22 299.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 161.27 299.10 Td (also ) Tj ET Q q 0 0 0 rg BT 179.89 299.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 220.15 299.10 Td (due ) Tj ET Q q 0 0 0 rg BT 237.10 299.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.39 299.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 289.34 299.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 326.84 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.68 299.10 Td (new ) Tj ET Q q 0 0 0 rg BT 356.85 299.10 Td (product ) Tj ET Q q 0 0 0 rg BT 389.91 299.10 Td (of) Tj ET Q q 0 0 0 rg BT 398.06 299.10 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 430.84 299.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 472.23 299.10 Td (from ) Tj ET Q q 0 0 0 rg BT 494.18 299.10 Td (our ) Tj ET Q q 0 0 0 rg BT 510.02 299.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 524.75 299.10 Td (transcript ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (services ) Tj ET Q q 0 0 0 rg BT 83.53 287.10 Td (that ) Tj ET Q q 0 0 0 rg BT 100.35 287.10 Td (we ) Tj ET Q q 0 0 0 rg BT 113.83 287.10 Td (began ) Tj ET Q q 0 0 0 rg BT 139.53 287.10 Td (of) Tj ET Q q 0 0 0 rg BT 147.68 287.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 173.38 287.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.99 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.03 287.10 Td (first ) Tj ET Q q 0 0 0 rg BT 214.96 287.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 245.10 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.25 287.10 Td (201) Tj ET Q q 0 0 0 rg BT 269.88 287.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 276.70 287.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 316.28 287.10 Td (by ) Tj ET Q q 0 0 0 rg BT 328.11 287.10 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 347.43 287.10 Td (million ) Tj ET Q q 0 0 0 rg BT 378.15 287.10 Td (while ) Tj ET Q q 0 0 0 rg BT 402.19 287.10 Td (our ) Tj ET Q q 0 0 0 rg BT 417.34 287.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.16 287.10 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 457.08 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.34 287.10 Td (title ) Tj ET Q q 0 0 0 rg BT 490.72 287.10 Td (services ) Tj ET Q q 0 0 0 rg BT 524.75 287.10 Td (increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.48 275.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 80.96 275.10 Td (million ) Tj ET Q q 0 0 0 rg BT 111.82 275.10 Td (for ) Tj ET Q q 0 0 0 rg BT 125.46 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.66 275.10 Td (year ) Tj ET Q q 0 0 0 rg BT 158.84 275.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 184.70 275.10 Td (December ) Tj ET Q q 0 0 0 rg BT 227.76 275.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 242.23 275.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 264.21 275.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 305.61 275.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.37 275.10 Td (same ) Tj ET Q q 0 0 0 rg BT 337.89 275.10 Td (period ) Tj ET Q q 0 0 0 rg BT 365.42 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.73 275.10 Td (201) Tj ET Q q 0 0 0 rg BT 390.35 275.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 399.83 275.10 Td (Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.22 275.10 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.29 275.10 Td ( ) Tj ET Q q 0 0 0 rg BT 438.26 275.10 Td (program ) Tj ET Q q 0 0 0 rg BT 474.12 275.10 Td (was ) Tj ET Q q 0 0 0 rg BT 491.65 275.10 Td (introduced ) Tj ET Q q 0 0 0 rg BT 536.39 275.10 Td (during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.53 263.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 91.79 263.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 122.92 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.07 263.10 Td (201) Tj ET Q q 0 0 0 rg BT 148.70 263.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 156.51 263.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.56 263.10 Td (TQL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.63 263.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.45 263.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 233.80 263.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 274.37 263.10 Td (by ) Tj ET Q q 0 0 0 rg BT 287.19 263.10 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 307.50 263.10 Td (million ) Tj ET Q q 0 0 0 rg BT 339.21 263.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.69 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.72 263.10 Td (year ) Tj ET Q q 0 0 0 rg BT 388.74 263.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 415.44 263.10 Td (December ) Tj ET Q q 0 0 0 rg BT 459.34 263.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 474.65 263.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 497.47 263.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 539.71 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.31 263.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.21 251.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 95.58 251.10 Td (December ) Tj ET Q q 0 0 0 rg BT 139.17 251.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 154.17 251.10 Td (201) Tj ET Q q 0 0 0 rg BT 168.80 251.10 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 230.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 98.30 230.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 145.31 230.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 182.87 230.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 222.66 230.10 Td (due ) Tj ET Q q 0 0 0 rg BT 239.12 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.93 230.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.40 230.10 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 274.92 230.10 Td (million ) Tj ET Q q 0 0 0 rg BT 305.84 230.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 340.62 230.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.43 230.10 Td (vendor ) Tj ET Q q 0 0 0 rg BT 380.23 230.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 426.13 230.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 463.69 230.10 Td (due ) Tj ET Q q 0 0 0 rg BT 480.16 230.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.96 230.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 529.75 230.10 Td (network ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 74.99 218.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.14 218.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.30 218.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 129.77 218.10 Td (number ) Tj ET Q q 0 0 0 rg BT 163.03 218.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.08 218.10 Td (users, ) Tj ET Q q 0 0 0 rg BT 199.85 218.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.00 218.10 Td ($2.1 ) Tj ET Q q 0 0 0 rg BT 227.22 218.10 Td (million ) Tj ET Q q 0 0 0 rg BT 258.83 218.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 294.30 218.10 Td (in ) Tj ET Q q 0 0 0 rg BT 304.80 218.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 353.60 218.10 Td (services ) Tj ET Q q 0 0 0 rg BT 388.53 218.10 Td (due ) Tj ET Q q 0 0 0 rg BT 405.68 218.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.18 218.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 456.65 218.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 482.14 218.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.85 218.10 Td (our ) Tj ET Q q 0 0 0 rg BT 510.90 218.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 554.17 218.10 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (well ) Tj ET Q q 0 0 0 rg BT 69.34 206.10 Td (as ) Tj ET Q q 0 0 0 rg BT 80.30 206.10 Td (a ) Tj ET Q q 0 0 0 rg BT 87.36 206.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 117.74 206.10 Td (number ) Tj ET Q q 0 0 0 rg BT 150.91 206.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.86 206.10 Td (users, ) Tj ET Q q 0 0 0 rg BT 187.54 206.10 Td (a ) Tj ET Q q 0 0 0 rg BT 194.60 206.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 214.73 206.10 Td (million ) Tj ET Q q 0 0 0 rg BT 246.24 206.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 281.62 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.02 206.10 Td (document ) Tj ET Q q 0 0 0 rg BT 334.08 206.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 382.24 206.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 420.40 206.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.46 206.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.53 206.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 464.65 206.10 Td (million ) Tj ET Q q 0 0 0 rg BT 496.17 206.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 531.55 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 541.95 206.10 Td (other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 96.99 194.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.92 194.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 160.30 194.10 Td (revenues. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 173.10 Td (On-premise ) Tj ET Q q 0 0 0 rg BT 122.45 173.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 159.73 173.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 199.22 173.10 Td (by ) Tj ET Q q 0 0 0 rg BT 210.97 173.10 Td ($4.5 ) Tj ET Q q 0 0 0 rg BT 230.21 173.10 Td (million ) Tj ET Q q 0 0 0 rg BT 260.84 173.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 299.80 173.10 Td (due ) Tj ET Q q 0 0 0 rg BT 315.98 173.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.50 173.10 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.83 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.58 173.10 Td (license ) Tj ET Q q 0 0 0 rg BT 380.08 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.26 173.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 448.53 173.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 488.18 173.10 Td (W) Tj ET Q q 0 0 0 rg BT 496.82 173.10 Td (e ) Tj ET Q q 0 0 0 rg BT 503.00 173.10 Td (acquired ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.17 173.10 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.50 173.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.23 161.10 Td (August ) Tj ET Q q 0 0 0 rg BT 90.62 161.10 Td (201) Tj ET Q q 0 0 0 rg BT 105.25 161.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.25 161.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 137.10 Td (Gr) Tj ET Q q 0 0 0 rg BT 72.24 137.10 Td (oss ) Tj ET Q q 0 0 0 rg BT 87.53 137.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 97.15 137.10 Td (ofit) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 87.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 87.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 87.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 87.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 87.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 87.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 113.60000000000002 m 449 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 113.60000000000002 m 453 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 113.60000000000002 m 506 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 113.60000000000002 m 563 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 100.60000000000002 m 449 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 100.60000000000002 m 506 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 100.60000000000002 m 563 100.60000000000002 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.60 117.83 Td (Year ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.00 104.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.00 104.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.20 104.83 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.60 91.83 Td (\(inthousands except percentages\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 78.17 Td (Gross profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 77.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.60 77.27 Td (95,733) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 77.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.60 77.27 Td (78,731) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 77.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.60 77.27 Td (39,710) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 63.17 Td (Gross margin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.65 62.27 Td (74.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.15 62.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 62.27 Td (77.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.15 62.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 62.27 Td (71.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.15 62.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 98.53 740.10 Td (profit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.44 740.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.19 740.10 Td (d ) Tj ET Q q 0 0 0 rg BT 161.88 740.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.57 740.10 Td ($17.0 ) Tj ET Q q 0 0 0 rg BT 197.77 740.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.66 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.35 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.48 740.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 267.28 740.10 Td (mar) Tj ET Q q 0 0 0 rg BT 282.65 740.10 Td (gin ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.12 740.10 Td (decrease) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.53 740.10 Td (d ) Tj ET Q q 0 0 0 rg BT 338.23 740.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.92 740.10 Td (2.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.42 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.11 740.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 409.10 740.10 Td (points ) Tj ET Q q 0 0 0 rg BT 435.24 740.10 Td (during ) Tj ET Q q 0 0 0 rg BT 463.04 740.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.95 740.10 Td (year ) Tj ET Q q 0 0 0 rg BT 495.85 740.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 521.42 740.10 Td (December ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 64.53 728.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 87.06 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 97.92 728.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 139.87 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.18 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.92 728.10 Td (same ) Tj ET Q q 0 0 0 rg BT 188.00 728.10 Td (period ) Tj ET Q q 0 0 0 rg BT 216.08 728.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.94 728.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.94 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 249.47 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 260.33 728.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 298.39 728.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 338.67 728.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.20 728.10 Td ($26.6 ) Tj ET Q q 0 0 0 rg BT 376.23 728.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.13 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.65 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.62 728.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 443.26 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.12 728.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 492.19 728.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 532.47 728.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.00 728.10 Td ($9.6 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 716.10 Td (. ) Tj ET Q q 0 0 0 rg BT 83.69 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.29 716.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.63 716.10 Td (decrease) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.05 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.85 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.42 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.44 716.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 191.35 716.10 Td (mar) Tj ET Q q 0 0 0 rg BT 206.72 716.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 222.30 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.76 716.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 259.56 716.10 Td (is ) Tj ET Q q 0 0 0 rg BT 269.03 716.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 309.04 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.27 716.10 Td (result ) Tj ET Q q 0 0 0 rg BT 341.29 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.42 716.10 Td (an ) Tj ET Q q 0 0 0 rg BT 364.66 716.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 400.21 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.79 716.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 434.13 716.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 456.93 716.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 500.83 716.10 Td (with ) Tj ET Q q 0 0 0 rg BT 521.40 716.10 Td (headcount ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (added ) Tj ET Q q 0 0 0 rg BT 74.82 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.04 704.10 Td (our ) Tj ET Q q 0 0 0 rg BT 98.81 704.10 Td (implementation, ) Tj ET Q q 0 0 0 rg BT 165.51 704.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 215.83 704.10 Td (services ) Tj ET Q q 0 0 0 rg BT 249.48 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.35 704.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 303.45 704.10 Td (support ) Tj ET Q q 0 0 0 rg BT 334.89 704.10 Td (or) Tj ET Q q 0 0 0 rg BT 343.04 704.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 390.02 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.90 704.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 455.12 704.10 Td (we ) Tj ET Q q 0 0 0 rg BT 468.22 704.10 Td (have ) Tj ET Q q 0 0 0 rg BT 488.53 704.10 Td (made ) Tj ET Q q 0 0 0 rg BT 511.63 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.85 704.10 Td (expanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.04 692.10 Td (data ) Tj ET Q q 0 0 0 rg BT 83.91 692.10 Td (centers. ) Tj ET Q q 0 0 0 rg BT 116.94 692.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 137.49 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.04 692.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 185.79 692.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 225.76 692.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 265.18 692.10 Td (due ) Tj ET Q q 0 0 0 rg BT 281.83 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.82 692.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.48 692.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 318.19 692.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.08 692.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.29 692.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.05 692.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.26 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.25 692.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 439.23 692.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 469.77 692.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 508.08 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.07 692.10 Td (support ) Tj ET Q q 0 0 0 rg BT 550.29 692.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.87 680.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 130.53 680.10 Td (a) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.46 680.10 Td ($5.8 ) Tj ET Q q 0 0 0 rg BT 157.58 680.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.47 680.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.97 680.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.73 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.62 680.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 267.22 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.28 680.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 325.77 680.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 360.04 680.10 Td (from ) Tj ET Q q 0 0 0 rg BT 382.10 680.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 422.47 680.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 473.96 680.10 Td (services ) Tj ET Q q 0 0 0 rg BT 508.79 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.84 680.10 Td (customer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (support ) Tj ET Q q 0 0 0 rg BT 83.21 668.10 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 130.52 668.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.67 668.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 159.88 668.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.77 668.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.48 668.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.23 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.94 668.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.43 668.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 291.35 668.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 350.60 668.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 386.52 668.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 420.77 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.26 668.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.30 668.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 490.77 668.10 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 538.07 668.10 Td (a) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.01 668.10 Td ($0.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 656.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.89 656.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.65 656.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.61 656.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.36 656.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 171.42 656.10 Td (staf) Tj ET Q q 0 0 0 rg BT 185.68 656.10 Td (f ) Tj ET Q q 0 0 0 rg BT 191.98 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.39 656.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 254.02 656.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 276.99 656.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 321.05 656.10 Td (with ) Tj ET Q q 0 0 0 rg BT 341.80 656.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 401.98 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.73 656.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.03 656.10 Td (data ) Tj ET Q q 0 0 0 rg BT 448.65 656.10 Td (center ) Tj ET Q q 0 0 0 rg BT 476.04 656.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 520.67 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.07 656.10 Td (a) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.01 656.10 Td ($1.2 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 644.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.89 644.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.65 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.15 644.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.42 644.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 178.34 644.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 213.05 644.10 Td (due ) Tj ET Q q 0 0 0 rg BT 229.99 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.27 644.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 269.42 644.10 Td (additions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 623.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 98.56 623.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 122.51 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.67 623.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 161.51 623.10 Td (mar) Tj ET Q q 0 0 0 rg BT 176.88 623.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 191.39 623.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 230.87 623.10 Td (by ) Tj ET Q q 0 0 0 rg BT 242.59 623.10 Td ($39.0 ) Tj ET Q q 0 0 0 rg BT 266.82 623.10 Td (million ) Tj ET Q q 0 0 0 rg BT 297.44 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.61 623.10 Td (5.7 ) Tj ET Q q 0 0 0 rg BT 327.83 623.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 372.86 623.10 Td (points, ) Tj ET Q q 0 0 0 rg BT 401.54 623.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 449.20 623.10 Td (, ) Tj ET Q q 0 0 0 rg BT 453.43 623.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.93 623.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.88 623.10 Td (year ) Tj ET Q q 0 0 0 rg BT 495.81 623.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 521.42 623.10 Td (December ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 611.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 611.10 Td ( ) Tj ET Q q 0 0 0 rg BT 64.55 611.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 87.09 611.10 Td (as ) Tj ET Q q 0 0 0 rg BT 97.97 611.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 139.94 611.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.26 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.03 611.10 Td (same ) Tj ET Q q 0 0 0 rg BT 188.12 611.10 Td (period ) Tj ET Q q 0 0 0 rg BT 216.21 611.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.09 611.10 Td (201) Tj ET Q q 0 0 0 rg BT 241.72 611.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 249.27 611.10 Td (as ) Tj ET Q q 0 0 0 rg BT 260.14 611.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 298.23 611.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 338.53 611.10 Td (by ) Tj ET Q q 0 0 0 rg BT 351.07 611.10 Td ($46.4 ) Tj ET Q q 0 0 0 rg BT 376.12 611.10 Td (million ) Tj ET Q q 0 0 0 rg BT 407.56 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.54 611.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 443.20 611.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.07 611.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 492.16 611.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 532.46 611.10 Td (by ) Tj ET Q q 0 0 0 rg BT 545.00 611.10 Td ($7.3 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 599.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 82.36 599.10 Td (The ) Tj ET Q q 0 0 0 rg BT 99.48 599.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 133.82 599.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.17 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.97 599.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 179.66 599.10 Td (mar) Tj ET Q q 0 0 0 rg BT 195.03 599.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 209.39 599.10 Td (for ) Tj ET Q q 0 0 0 rg BT 222.63 599.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 244.21 599.10 Td (is ) Tj ET Q q 0 0 0 rg BT 252.46 599.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 291.25 599.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.27 599.10 Td (result ) Tj ET Q q 0 0 0 rg BT 321.06 599.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.97 599.10 Td (our ) Tj ET Q q 0 0 0 rg BT 345.88 599.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 373.01 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.37 599.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 408.94 599.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 442.19 599.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 497.63 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.99 599.10 Td (accommodate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 83.58 587.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 114.34 587.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.21 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.86 587.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 168.84 587.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 196.26 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.02 587.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 236.66 587.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 259.09 587.10 Td (such ) Tj ET Q q 0 0 0 rg BT 279.86 587.10 Td (as ) Tj ET Q q 0 0 0 rg BT 290.62 587.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 333.04 587.10 Td (amortization. ) Tj ET Q q 0 0 0 rg BT 388.51 587.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 409.29 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.05 587.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 458.02 587.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 498.21 587.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 537.85 587.10 Td (due ) Tj ET Q q 0 0 0 rg BT 554.72 587.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 575.10 Td (a$2.6 ) Tj ET Q q 0 0 0 rg BT 76.80 575.10 Td (millionincrease ) Tj ET Q q 0 0 0 rg BT 143.80 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.44 575.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 200.06 575.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 231.25 575.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 270.20 575.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.84 575.10 Td (support ) Tj ET Q q 0 0 0 rg BT 313.70 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.77 575.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 369.39 575.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 410.28 575.10 Td (a$2.6 ) Tj ET Q q 0 0 0 rg BT 437.58 575.10 Td (millionincrease ) Tj ET Q q 0 0 0 rg BT 504.59 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.22 575.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 548.07 575.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 563.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 91.11 563.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 125.50 563.10 Td (from ) Tj ET Q q 0 0 0 rg BT 147.68 563.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 188.17 563.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 239.78 563.10 Td (services ) Tj ET Q q 0 0 0 rg BT 274.72 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.90 563.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 331.29 563.10 Td (support ) Tj ET Q q 0 0 0 rg BT 364.03 563.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 407.86 563.10 Td (as ) Tj ET Q q 0 0 0 rg BT 418.93 563.10 Td (well ) Tj ET Q q 0 0 0 rg BT 438.88 563.10 Td (as ) Tj ET Q q 0 0 0 rg BT 449.95 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.90 563.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 500.39 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.91 563.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 554.74 563.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 551.10 Td (hiring ) Tj ET Q q 0 0 0 rg BT 77.49 551.10 Td (former ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.80 551.10 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.14 551.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.24 551.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 183.11 551.10 Td (following ) Tj ET Q q 0 0 0 rg BT 226.10 551.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.42 551.10 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.76 551.10 Td ( ) Tj ET Q q 0 0 0 rg BT 269.86 551.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 317.85 551.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.83 551.10 Td (August ) Tj ET Q q 0 0 0 rg BT 361.82 551.10 Td (201) Tj ET Q q 0 0 0 rg BT 376.45 551.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.45 551.10 Td (, ) Tj ET Q q 0 0 0 rg BT 388.06 551.10 Td (a$1.0 ) Tj ET Q q 0 0 0 rg BT 416.60 551.10 Td (millionincrease ) Tj ET Q q 0 0 0 rg BT 484.85 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.73 551.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 542.50 551.10 Td (costs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.38 539.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.94 539.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 173.94 539.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.50 539.10 Td (our ) Tj ET Q q 0 0 0 rg BT 200.62 539.10 Td (data ) Tj ET Q q 0 0 0 rg BT 220.06 539.10 Td (center ) Tj ET Q q 0 0 0 rg BT 247.26 539.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 291.70 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.93 539.10 Td (a$0.9 ) Tj ET Q q 0 0 0 rg BT 336.15 539.10 Td (millionincrease ) Tj ET Q q 0 0 0 rg BT 403.08 539.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.64 539.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 465.85 539.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 500.84 539.10 Td (due ) Tj ET Q q 0 0 0 rg BT 518.06 539.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.63 539.10 Td (property ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.74 527.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 109.76 527.10 Td (additions. ) Tj ET Q q 0 0 0 rg BT 150.60 527.10 Td (The ) Tj ET Q q 0 0 0 rg BT 167.95 527.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 202.51 527.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.10 527.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 230.01 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.15 527.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 277.49 527.10 Td (was ) Tj ET Q q 0 0 0 rg BT 294.85 527.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 329.97 527.10 Td (of) Tj ET Q q 0 0 0 rg BT 338.12 527.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 354.37 527.10 Td (by ) Tj ET Q q 0 0 0 rg BT 366.17 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.20 527.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 435.86 527.10 Td (of$1.0 ) Tj ET Q q 0 0 0 rg BT 466.00 527.10 Td (millionin ) Tj ET Q q 0 0 0 rg BT 506.97 527.10 Td (compensation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 515.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 110.60 515.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 133.10 515.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 176.70 515.10 Td (with ) Tj ET Q q 0 0 0 rg BT 196.98 515.10 Td (data ) Tj ET Q q 0 0 0 rg BT 216.13 515.10 Td (center ) Tj ET Q q 0 0 0 rg BT 243.05 515.10 Td (improvements.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 489.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 85.11 489.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.61 489.10 Td (Marketing) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 439.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 439.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 439.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 439.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 465.6 m 449 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 465.6 m 453 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 465.6 m 506 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 465.6 m 563 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 452.6 m 449 452.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 452.6 m 506 452.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 452.6 m 563 452.6 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.60 469.83 Td (Year ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.00 456.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.00 456.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.20 456.83 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.60 443.83 Td (\(inthousands except percentages\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 430.17 Td (Sales and marketing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 429.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.60 429.27 Td (21,331) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 429.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.60 429.27 Td (17,887) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 429.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.60 429.27 Td (12,126) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 415.17 Td (Sales and marketing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.65 414.27 Td (16.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.15 414.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 414.27 Td (17.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.15 414.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 414.27 Td (21.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.15 414.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 389.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 97.42 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.66 389.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 158.01 389.10 Td (expenses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.91 389.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.67 389.10 Td (d ) Tj ET Q q 0 0 0 rg BT 237.47 389.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.28 389.10 Td ($3.4 ) Tj ET Q q 0 0 0 rg BT 270.59 389.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.48 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 304.79 389.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.92 389.10 Td (19.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.75 389.10 Td (, ) Tj ET Q q 0 0 0 rg BT 347.06 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.64 389.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.67 389.10 Td (year ) Tj ET Q q 0 0 0 rg BT 392.68 389.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 419.37 389.10 Td (December ) Tj ET Q q 0 0 0 rg BT 463.26 389.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.76 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.56 389.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 501.37 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 512.51 389.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.74 389.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.37 377.10 Td (same ) Tj ET Q q 0 0 0 rg BT 87.57 377.10 Td (period ) Tj ET Q q 0 0 0 rg BT 115.77 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.75 377.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 151.71 377.10 Td (This ) Tj ET Q q 0 0 0 rg BT 172.14 377.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 207.55 377.10 Td (was ) Tj ET Q q 0 0 0 rg BT 225.76 377.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 265.62 377.10 Td (due ) Tj ET Q q 0 0 0 rg BT 282.71 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.14 377.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.23 377.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 320.39 377.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.28 377.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.93 377.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.69 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.34 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.77 377.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 430.41 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.50 377.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 489.02 377.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 523.33 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 534.31 377.10 Td (well ) Tj ET Q q 0 0 0 rg BT 554.18 377.10 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.68 365.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 76.92 365.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.81 365.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.54 365.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.30 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.04 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.55 365.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 204.50 365.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 262.78 365.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 300.22 365.10 Td (both ) Tj ET Q q 0 0 0 rg BT 320.74 365.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 361.79 365.10 Td (an ) Tj ET Q q 0 0 0 rg BT 373.97 365.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 409.46 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.98 365.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 463.81 365.10 Td (as ) Tj ET Q q 0 0 0 rg BT 474.88 365.10 Td (we ) Tj ET Q q 0 0 0 rg BT 489.27 365.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 531.45 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.96 365.10 Td (grow ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.27 353.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 87.16 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.04 353.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 147.02 353.10 Td (departments ) Tj ET Q q 0 0 0 rg BT 198.34 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.56 353.10 Td (an ) Tj ET Q q 0 0 0 rg BT 220.44 353.10 Td (ef) Tj ET Q q 0 0 0 rg BT 228.03 353.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 244.92 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.14 353.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 290.33 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 306.11 353.10 Td (market ) Tj ET Q q 0 0 0 rg BT 336.32 353.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 361.82 353.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 411.72 353.10 Td (, ) Tj ET Q q 0 0 0 rg BT 416.67 353.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 441.87 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.76 353.10 Td (entertainment ) Tj ET Q q 0 0 0 rg BT 516.17 353.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 554.72 353.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (support ) Tj ET Q q 0 0 0 rg BT 82.00 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.84 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 108.67 341.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 130.61 341.10 Td (function ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.44 341.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.20 341.10 Td (d ) Tj ET Q q 0 0 0 rg BT 206.70 341.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.21 341.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 239.21 341.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.10 341.10 Td (, ) Tj ET Q q 0 0 0 rg BT 273.10 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.05 341.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 336.98 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.93 341.10 Td (telecommunications ) Tj ET Q q 0 0 0 rg BT 436.96 341.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 475.57 341.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 511.38 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.67 341.10 Td (support ) Tj ET Q q 0 0 0 rg BT 554.17 341.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 329.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 87.27 329.10 Td (function ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.09 329.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.85 329.10 Td (d ) Tj ET Q q 0 0 0 rg BT 163.35 329.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.85 329.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 195.85 329.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.74 329.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 308.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 97.42 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.66 308.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 158.01 308.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 196.91 308.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 237.47 308.10 Td (by ) Tj ET Q q 0 0 0 rg BT 250.28 308.10 Td ($5.8 ) Tj ET Q q 0 0 0 rg BT 270.59 308.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 304.79 308.10 Td (or ) Tj ET Q q 0 0 0 rg BT 315.92 308.10 Td (47.5%, ) Tj ET Q q 0 0 0 rg BT 347.06 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.64 308.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.67 308.10 Td (year ) Tj ET Q q 0 0 0 rg BT 392.68 308.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 419.37 308.10 Td (December ) Tj ET Q q 0 0 0 rg BT 463.26 308.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.76 308.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.56 308.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 501.37 308.10 Td (as ) Tj ET Q q 0 0 0 rg BT 512.51 308.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.74 308.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.43 296.10 Td (same ) Tj ET Q q 0 0 0 rg BT 87.69 296.10 Td (period ) Tj ET Q q 0 0 0 rg BT 115.96 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.00 296.10 Td (201) Tj ET Q q 0 0 0 rg BT 141.63 296.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 151.65 296.10 Td (This ) Tj ET Q q 0 0 0 rg BT 172.14 296.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 207.61 296.10 Td (was ) Tj ET Q q 0 0 0 rg BT 225.88 296.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 265.80 296.10 Td (due ) Tj ET Q q 0 0 0 rg BT 282.96 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.45 296.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.60 296.10 Td ($2.2 ) Tj ET Q q 0 0 0 rg BT 320.82 296.10 Td (million ) Tj ET Q q 0 0 0 rg BT 352.42 296.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 387.89 296.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.39 296.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 431.09 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.24 296.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 489.83 296.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 524.20 296.10 Td (reflecting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.38 284.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 136.37 284.10 Td (as ) Tj ET Q q 0 0 0 rg BT 147.59 284.10 Td (we ) Tj ET Q q 0 0 0 rg BT 162.14 284.10 Td (have ) Tj ET Q q 0 0 0 rg BT 183.91 284.10 Td (grown ) Tj ET Q q 0 0 0 rg BT 212.36 284.10 Td (our ) Tj ET Q q 0 0 0 rg BT 228.58 284.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 250.91 284.10 Td (department ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.78 284.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.45 284.10 Td (order ) Tj ET Q q 0 0 0 rg BT 333.44 284.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.11 284.10 Td (address ) Tj ET Q q 0 0 0 rg BT 376.99 284.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 423.75 284.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 458.30 284.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.85 284.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.08 284.10 Td (software ) Tj ET Q q 0 0 0 rg BT 526.40 284.10 Td (solutions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.51 284.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.20 272.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 110.45 272.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 154.80 272.10 Td (from ) Tj ET Q q 0 0 0 rg BT 177.49 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.97 272.10 Td (hiring ) Tj ET Q q 0 0 0 rg BT 220.11 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.70 272.10 Td (former ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.17 272.10 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.50 272.10 Td ( ) Tj ET Q q 0 0 0 rg BT 288.76 272.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 334.78 272.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.10 272.10 Td (August ) Tj ET Q q 0 0 0 rg BT 377.25 272.10 Td (201) Tj ET Q q 0 0 0 rg BT 391.88 272.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.88 272.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.64 272.10 Td (a ) Tj ET Q q 0 0 0 rg BT 410.33 272.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 431.09 272.10 Td (million ) Tj ET Q q 0 0 0 rg BT 463.24 272.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 499.25 272.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.29 272.10 Td (commissions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (commensurate ) Tj ET Q q 0 0 0 rg BT 110.55 260.10 Td (with ) Tj ET Q q 0 0 0 rg BT 131.07 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.03 260.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 181.52 260.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.04 260.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 232.82 260.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.00 260.10 Td ($0.8 ) Tj ET Q q 0 0 0 rg BT 260.24 260.10 Td (million ) Tj ET Q q 0 0 0 rg BT 291.87 260.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 327.37 260.10 Td (due ) Tj ET Q q 0 0 0 rg BT 344.55 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.06 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.02 260.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 410.52 260.10 Td (level ) Tj ET Q q 0 0 0 rg BT 432.69 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.76 260.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 465.94 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.12 260.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 526.40 260.10 Td (activities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.49 248.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 83.71 248.10 Td (as ) Tj ET Q q 0 0 0 rg BT 95.25 248.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 137.89 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.88 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.31 248.10 Td (prior) Tj ET Q q 0 0 0 rg BT 183.55 248.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 207.30 248.10 Td (period ) Tj ET Q q 0 0 0 rg BT 236.06 248.10 Td (including ) Tj ET Q q 0 0 0 rg BT 277.05 248.10 Td (our ) Tj ET Q q 0 0 0 rg BT 293.60 248.10 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 342.36 248.10 Td (User ) Tj ET Q q 0 0 0 rg BT 364.45 248.10 Td (Summit ) Tj ET Q q 0 0 0 rg BT 399.34 248.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.34 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.77 248.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 453.42 248.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 484.95 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.49 248.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 519.71 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.36 248.10 Td (a ) Tj ET Q q 0 0 0 rg BT 545.01 248.10 Td ($0.6 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (million ) Tj ET Q q 0 0 0 rg BT 80.89 236.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 116.15 236.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.42 236.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 179.46 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.29 236.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 227.21 236.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 269.71 236.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 295.54 236.10 Td (related ) Tj ET Q q 0 0 0 rg BT 325.24 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.52 236.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.23 236.10 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.57 236.10 Td ( ) Tj ET Q q 0 0 0 rg BT 376.07 236.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 422.45 236.10 Td (which ) Tj ET Q q 0 0 0 rg BT 449.39 236.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 486.86 236.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.59 236.10 Td (August ) Tj ET Q q 0 0 0 rg BT 527.98 236.10 Td (201) Tj ET Q q 0 0 0 rg BT 542.61 236.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.61 236.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 210.10 Td (Resear) Tj ET Q q 0 0 0 rg BT 88.90 210.10 Td (ch ) Tj ET Q q 0 0 0 rg BT 100.84 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.34 210.10 Td (Development) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 160.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 160.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 160.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 160.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 160.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 160.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 186.60000000000002 m 449 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 186.60000000000002 m 453 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 186.60000000000002 m 506 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 186.60000000000002 m 563 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 173.60000000000002 m 449 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 173.60000000000002 m 506 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 173.60000000000002 m 563 173.60000000000002 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.60 190.83 Td (Year ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.00 177.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.00 177.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.20 177.83 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.60 164.83 Td (\(inthousands except percentages\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 151.17 Td (Research and development) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 150.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.60 150.27 Td (24,695) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 150.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.60 150.27 Td (18,053) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 150.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.60 150.27 Td (12,975) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 136.17 Td (Research and development) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.65 135.27 Td (19.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.15 135.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 135.27 Td (17.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.15 135.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 135.27 Td (23.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.15 135.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 110.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 112.66 110.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.62 110.10 Td (development ) Tj ET Q q 0 0 0 rg BT 183.78 110.10 Td (expenses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.40 110.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.15 110.10 Td (d ) Tj ET Q q 0 0 0 rg BT 262.67 110.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.18 110.10 Td ($6.6 ) Tj ET Q q 0 0 0 rg BT 295.20 110.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.09 110.10 Td (, ) Tj ET Q q 0 0 0 rg BT 329.11 110.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.95 110.10 Td (36.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.78 110.10 Td (, ) Tj ET Q q 0 0 0 rg BT 370.80 110.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.09 110.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.83 110.10 Td (year ) Tj ET Q q 0 0 0 rg BT 415.55 110.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 441.94 110.10 Td (December ) Tj ET Q q 0 0 0 rg BT 485.54 110.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.04 110.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.56 110.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 523.08 110.10 Td (compared ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 98.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.58 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.10 98.10 Td (same ) Tj ET Q q 0 0 0 rg BT 96.95 98.10 Td (period ) Tj ET Q q 0 0 0 rg BT 124.80 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.43 98.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 160.07 98.10 Td (The ) Tj ET Q q 0 0 0 rg BT 177.92 98.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 212.97 98.10 Td (was ) Tj ET Q q 0 0 0 rg BT 230.83 98.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 270.34 98.10 Td (due ) Tj ET Q q 0 0 0 rg BT 287.08 98.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.16 98.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.90 98.10 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 323.70 98.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.60 98.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.90 98.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.65 98.10 Td ( ) Tj ET Q q 0 0 0 rg BT 389.95 98.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.03 98.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 432.32 98.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.06 98.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 490.24 98.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 524.19 98.10 Td (reflecting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 86.10 Td (an ) Tj ET Q q 0 0 0 rg BT 62.30 86.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 98.41 86.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.55 86.10 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 156.50 86.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.30 86.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 185.16 86.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.05 86.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.41 86.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.16 86.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.52 86.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.66 86.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 315.23 86.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 374.13 86.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 409.70 86.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 450.27 86.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 488.62 86.10 Td (from ) Tj ET Q q 0 0 0 rg BT 511.42 86.10 Td (Performance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 74.10 Td (A) Tj ET Q q 0 0 0 rg BT 55.80 74.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 81.64 74.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 113.58 74.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.31 74.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 152.46 74.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 196.61 74.10 Td (during ) Tj ET Q q 0 0 0 rg BT 224.67 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.84 74.10 Td (third ) Tj ET Q q 0 0 0 rg BT 259.68 74.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 289.95 74.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.23 74.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 322.18 74.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.58 74.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.74 74.10 Td (first ) Tj ET Q q 0 0 0 rg BT 370.80 74.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 401.07 74.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.35 74.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 433.31 74.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.70 74.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 472.76 74.10 Td (option ) Tj ET Q q 0 0 0 rg BT 500.27 74.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.66 74.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 538.06 74.10 Td (grants ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 62.10 Td (made ) Tj ET Q q 0 0 0 rg BT 73.66 62.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.93 62.10 Td (new ) Tj ET Q q 0 0 0 rg BT 103.09 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.03 62.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 154.20 62.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 199.46 62.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.40 62.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.34 62.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 243.34 62.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.23 62.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.73 62.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.48 62.10 Td ( ) Tj ET Q q 0 0 0 rg BT 309.98 62.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.26 62.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.98 62.10 Td (use ) Tj ET Q q 0 0 0 rg BT 350.81 62.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.64 62.10 Td (consultants.) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (41) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 112.66 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.62 740.10 Td (development ) Tj ET Q q 0 0 0 rg BT 183.78 740.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 222.40 740.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 262.67 740.10 Td (by ) Tj ET Q q 0 0 0 rg BT 275.18 740.10 Td ($5.1 ) Tj ET Q q 0 0 0 rg BT 295.20 740.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 329.11 740.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.95 740.10 Td (39.1%, ) Tj ET Q q 0 0 0 rg BT 370.80 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.09 740.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.83 740.10 Td (year ) Tj ET Q q 0 0 0 rg BT 415.55 740.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 441.94 740.10 Td (December ) Tj ET Q q 0 0 0 rg BT 485.54 740.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.04 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.56 740.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 523.08 740.10 Td (compared ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.60 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.14 728.10 Td (same ) Tj ET Q q 0 0 0 rg BT 97.00 728.10 Td (period ) Tj ET Q q 0 0 0 rg BT 124.87 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.52 728.10 Td (201) Tj ET Q q 0 0 0 rg BT 150.15 728.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 159.80 728.10 Td (The ) Tj ET Q q 0 0 0 rg BT 177.67 728.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 212.75 728.10 Td (was ) Tj ET Q q 0 0 0 rg BT 230.62 728.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 270.15 728.10 Td (due ) Tj ET Q q 0 0 0 rg BT 286.91 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.01 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 303.77 728.10 Td ($2.8 ) Tj ET Q q 0 0 0 rg BT 323.59 728.10 Td (million ) Tj ET Q q 0 0 0 rg BT 354.80 728.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 389.88 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.98 728.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 432.28 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.04 728.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 490.24 728.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 524.21 728.10 Td (reflecting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.51 716.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 96.83 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.18 716.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 150.84 716.10 Td (which ) Tj ET Q q 0 0 0 rg BT 177.84 716.10 Td (included ) Tj ET Q q 0 0 0 rg BT 214.85 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.63 716.10 Td (hiring ) Tj ET Q q 0 0 0 rg BT 256.09 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.99 716.10 Td (former ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.76 716.10 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.10 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.66 716.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 368.00 716.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.78 716.10 Td (August ) Tj ET Q q 0 0 0 rg BT 409.24 716.10 Td (201) Tj ET Q q 0 0 0 rg BT 423.86 716.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.86 716.10 Td (, ) Tj ET Q q 0 0 0 rg BT 433.93 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 440.94 716.10 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 461.01 716.10 Td (millionincrease ) Tj ET Q q 0 0 0 rg BT 527.72 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 538.07 716.10 Td (stock-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.76 704.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 132.80 704.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 167.50 704.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 207.21 704.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 244.70 704.10 Td (from ) Tj ET Q q 0 0 0 rg BT 266.63 704.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 319.66 704.10 Td (A) Tj ET Q q 0 0 0 rg BT 325.97 704.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 352.34 704.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 384.82 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.10 704.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 424.79 704.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 469.49 704.10 Td (during ) Tj ET Q q 0 0 0 rg BT 498.09 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.81 704.10 Td (third ) Tj ET Q q 0 0 0 rg BT 534.19 704.10 Td (quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 692.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 82.83 692.10 Td (as ) Tj ET Q q 0 0 0 rg BT 93.66 692.10 Td (well ) Tj ET Q q 0 0 0 rg BT 113.38 692.10 Td (as ) Tj ET Q q 0 0 0 rg BT 124.21 692.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 147.82 692.10 Td (option ) Tj ET Q q 0 0 0 rg BT 175.87 692.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 202.81 692.10 Td (made ) Tj ET Q q 0 0 0 rg BT 226.97 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.24 692.10 Td (new ) Tj ET Q q 0 0 0 rg BT 256.40 692.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 301.67 692.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.61 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 325.54 692.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 345.54 692.10 Td (million ) Tj ET Q q 0 0 0 rg BT 376.94 692.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 412.19 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.47 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.19 692.10 Td (use ) Tj ET Q q 0 0 0 rg BT 453.02 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.85 692.10 Td (consultants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.50 666.10 Td () Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 64.00 666.10 Td (General ) Tj ET Q q 0 0 0 rg BT 99.27 666.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.59 666.10 Td (Administrative) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 616.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 616.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 616.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 616.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 616.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 616.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 642.6 m 449 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 642.6 m 453 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 642.6 m 506 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 642.6 m 563 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 629.6 m 449 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 629.6 m 506 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 629.6 m 563 629.6 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.60 646.83 Td (Year ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.00 633.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.00 633.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.20 633.83 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.60 620.83 Td (\(inthousands except percentages\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 607.17 Td (General and administrative) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 606.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.60 606.27 Td (30,853) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 606.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.60 606.27 Td (21,601) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 606.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.60 606.27 Td (12,900) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 592.17 Td (General and administrative) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.65 591.27 Td (24.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.15 591.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 591.27 Td (21.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.15 591.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 591.27 Td (23.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.15 591.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 566.10 Td (General ) Tj ET Q q 0 0 0 rg BT 107.03 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.35 566.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 182.44 566.10 Td (expenses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.42 566.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.18 566.10 Td (d ) Tj ET Q q 0 0 0 rg BT 260.06 566.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.95 566.10 Td ($9.3 ) Tj ET Q q 0 0 0 rg BT 291.33 566.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.22 566.10 Td (, ) Tj ET Q q 0 0 0 rg BT 324.61 566.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.82 566.10 Td (42.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.65 566.10 Td (, ) Tj ET Q q 0 0 0 rg BT 365.03 566.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.70 566.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.80 566.10 Td (year ) Tj ET Q q 0 0 0 rg BT 407.89 566.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 433.65 566.10 Td (December ) Tj ET Q q 0 0 0 rg BT 476.62 566.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.12 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.00 566.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 512.88 566.10 Td (as ) Tj ET Q q 0 0 0 rg BT 523.10 566.10 Td (compared ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.67 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.29 554.10 Td (same ) Tj ET Q q 0 0 0 rg BT 100.23 554.10 Td (period ) Tj ET Q q 0 0 0 rg BT 129.17 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.89 554.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 166.54 554.10 Td (This ) Tj ET Q q 0 0 0 rg BT 187.72 554.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 223.87 554.10 Td (was ) Tj ET Q q 0 0 0 rg BT 242.81 554.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 283.42 554.10 Td (due ) Tj ET Q q 0 0 0 rg BT 301.25 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.43 554.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.26 554.10 Td ($4.4 ) Tj ET Q q 0 0 0 rg BT 341.15 554.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.05 554.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.44 554.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.20 554.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.59 554.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.76 554.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 471.37 554.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 530.30 554.10 Td (expense ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.41 542.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 127.11 542.10 Td (from ) Tj ET Q q 0 0 0 rg BT 149.24 542.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 202.43 542.10 Td (A) Tj ET Q q 0 0 0 rg BT 208.73 542.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 235.32 542.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 268.00 542.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.48 542.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 308.38 542.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 353.28 542.10 Td (during ) Tj ET Q q 0 0 0 rg BT 382.09 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.00 542.10 Td (third ) Tj ET Q q 0 0 0 rg BT 418.59 542.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 449.60 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.63 542.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 483.33 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.47 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.39 542.10 Td (first ) Tj ET Q q 0 0 0 rg BT 534.19 542.10 Td (quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.45 530.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 83.06 530.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.12 530.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 123.84 530.10 Td (option ) Tj ET Q q 0 0 0 rg BT 152.01 530.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.07 530.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 191.14 530.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 218.19 530.10 Td (made ) Tj ET Q q 0 0 0 rg BT 242.46 530.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.86 530.10 Td (new ) Tj ET Q q 0 0 0 rg BT 272.14 530.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.19 530.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 323.47 530.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 371.35 530.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.41 530.10 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 398.52 530.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.41 530.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.03 530.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.78 530.10 Td ( ) Tj ET Q q 0 0 0 rg BT 465.40 530.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.79 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.63 530.10 Td (use ) Tj ET Q q 0 0 0 rg BT 506.57 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.52 530.10 Td (consultants ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 518.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.60 518.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 110.36 518.10 Td (contractors ) Tj ET Q q 0 0 0 rg BT 157.45 518.10 Td (for ) Tj ET Q q 0 0 0 rg BT 171.78 518.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 228.30 518.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.41 518.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 294.16 518.10 Td (projects, ) Tj ET Q q 0 0 0 rg BT 330.98 518.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.08 518.10 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 358.25 518.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.14 518.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.81 518.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.56 518.10 Td ( ) Tj ET Q q 0 0 0 rg BT 425.23 518.10 Td (in ) Tj ET Q q 0 0 0 rg BT 435.67 518.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 482.77 518.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 521.53 518.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 554.74 518.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 506.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 84.09 506.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.46 506.10 Td (support ) Tj ET Q q 0 0 0 rg BT 134.40 506.10 Td (for ) Tj ET Q q 0 0 0 rg BT 148.99 506.10 Td (software ) Tj ET Q q 0 0 0 rg BT 186.36 506.10 Td (used ) Tj ET Q q 0 0 0 rg BT 207.62 506.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.33 506.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 252.36 506.10 Td (our ) Tj ET Q q 0 0 0 rg BT 268.63 506.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 307.95 506.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.33 506.10 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 335.76 506.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.65 506.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.59 506.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.34 506.10 Td ( ) Tj ET Q q 0 0 0 rg BT 403.27 506.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.99 506.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 433.02 506.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.73 506.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 495.54 506.10 Td (service ) Tj ET Q q 0 0 0 rg BT 526.79 506.10 Td (firms ) Tj ET Q q 0 0 0 rg BT 550.84 506.10 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 494.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 98.04 494.10 Td (tax, ) Tj ET Q q 0 0 0 rg BT 114.92 494.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.52 494.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 165.90 494.10 Td (relations ) Tj ET Q q 0 0 0 rg BT 202.49 494.10 Td (services ) Tj ET Q q 0 0 0 rg BT 236.86 494.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.46 494.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.07 494.10 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 279.73 494.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.62 494.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.78 494.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.54 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.70 494.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.64 494.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 407.22 494.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 445.49 494.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 482.64 494.10 Td (from ) Tj ET Q q 0 0 0 rg BT 504.25 494.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 534.17 494.10 Td (growth ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 482.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.16 482.10 Td (business ) Tj ET Q q 0 0 0 rg BT 112.55 482.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.49 482.10 Td (headcount.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 461.10 Td (General ) Tj ET Q q 0 0 0 rg BT 107.03 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.35 461.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 182.44 461.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 220.42 461.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 260.06 461.10 Td (by ) Tj ET Q q 0 0 0 rg BT 271.95 461.10 Td ($8.7 ) Tj ET Q q 0 0 0 rg BT 291.33 461.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 324.61 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 334.82 461.10 Td (67.4%, ) Tj ET Q q 0 0 0 rg BT 365.03 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.70 461.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.80 461.10 Td (year ) Tj ET Q q 0 0 0 rg BT 407.89 461.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 433.65 461.10 Td (December ) Tj ET Q q 0 0 0 rg BT 476.62 461.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.12 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.00 461.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 512.88 461.10 Td (as ) Tj ET Q q 0 0 0 rg BT 523.10 461.10 Td (compared ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.80 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.54 449.10 Td (same ) Tj ET Q q 0 0 0 rg BT 100.61 449.10 Td (period ) Tj ET Q q 0 0 0 rg BT 129.68 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.53 449.10 Td (201) Tj ET Q q 0 0 0 rg BT 156.16 449.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 166.93 449.10 Td (This ) Tj ET Q q 0 0 0 rg BT 188.23 449.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 224.51 449.10 Td (was ) Tj ET Q q 0 0 0 rg BT 243.58 449.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 284.32 449.10 Td (due ) Tj ET Q q 0 0 0 rg BT 302.28 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.58 449.10 Td (a$3.6 ) Tj ET Q q 0 0 0 rg BT 341.54 449.10 Td (millionincrease ) Tj ET Q q 0 0 0 rg BT 409.21 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.51 449.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 471.24 449.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 530.31 449.10 Td (expense ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 88.76 437.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 125.81 437.10 Td (from ) Tj ET Q q 0 0 0 rg BT 147.30 437.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 199.98 437.10 Td (A) Tj ET Q q 0 0 0 rg BT 206.28 437.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 232.22 437.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 264.25 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.08 437.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 303.33 437.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 347.59 437.10 Td (during ) Tj ET Q q 0 0 0 rg BT 375.75 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.01 437.10 Td (third ) Tj ET Q q 0 0 0 rg BT 410.95 437.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 441.32 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.70 437.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 473.75 437.10 Td (as ) Tj ET Q q 0 0 0 rg BT 484.13 437.10 Td (well ) Tj ET Q q 0 0 0 rg BT 503.40 437.10 Td (as ) Tj ET Q q 0 0 0 rg BT 513.78 437.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 536.94 437.10 Td (option ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 76.67 425.10 Td (made ) Tj ET Q q 0 0 0 rg BT 101.05 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.56 425.10 Td (new ) Tj ET Q q 0 0 0 rg BT 130.95 425.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 178.94 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.11 425.10 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 206.33 425.10 Td (million ) Tj ET Q q 0 0 0 rg BT 237.95 425.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 273.44 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.94 425.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 316.66 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.82 425.10 Td (other ) Tj ET Q q 0 0 0 rg BT 357.10 425.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 398.70 425.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 433.08 425.10 Td (due ) Tj ET Q q 0 0 0 rg BT 450.25 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.76 425.10 Td (an ) Tj ET Q q 0 0 0 rg BT 472.92 425.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 508.41 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.91 425.10 Td (headcount, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (which ) Tj ET Q q 0 0 0 rg BT 75.39 413.10 Td (included ) Tj ET Q q 0 0 0 rg BT 111.27 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.93 413.10 Td (hiring ) Tj ET Q q 0 0 0 rg BT 150.26 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.04 413.10 Td (former ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.69 413.10 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.03 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.48 413.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 260.19 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.07 413.10 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 285.02 413.10 Td (million ) Tj ET Q q 0 0 0 rg BT 315.36 413.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 349.56 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.78 413.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 384.12 413.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 417.77 413.10 Td (due ) Tj ET Q q 0 0 0 rg BT 433.66 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.88 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.77 413.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 477.97 413.10 Td (number ) Tj ET Q q 0 0 0 rg BT 509.96 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.74 413.10 Td (employees ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 81.09 401.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.35 401.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 119.85 401.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 135.89 401.10 Td (as ) Tj ET Q q 0 0 0 rg BT 145.82 401.10 Td (well ) Tj ET Q q 0 0 0 rg BT 164.64 401.10 Td (as ) Tj ET Q q 0 0 0 rg BT 174.57 401.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 214.50 401.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 253.86 401.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 305.98 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.92 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.73 401.10 Td (Company) Tj ET Q q 0 0 0 rg BT 367.97 401.10 Td (, ) Tj ET Q q 0 0 0 rg BT 372.07 401.10 Td (a$1.1 ) Tj ET Q q 0 0 0 rg BT 398.11 401.10 Td (millionincrease ) Tj ET Q q 0 0 0 rg BT 463.86 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.24 401.10 Td (hardware ) Tj ET Q q 0 0 0 rg BT 512.04 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.08 401.10 Td (software ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 87.98 389.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 131.45 389.10 Td (with ) Tj ET Q q 0 0 0 rg BT 151.60 389.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 207.84 389.10 Td (upgrades, ) Tj ET Q q 0 0 0 rg BT 248.82 389.10 Td (a$0.6 ) Tj ET Q q 0 0 0 rg BT 275.63 389.10 Td (millionincrease ) Tj ET Q q 0 0 0 rg BT 342.15 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.31 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.90 389.10 Td (use ) Tj ET Q q 0 0 0 rg BT 382.61 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.32 389.10 Td (consultants ) Tj ET Q q 0 0 0 rg BT 440.69 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.50 389.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 500.98 389.10 Td (workers, ) Tj ET Q q 0 0 0 rg BT 538.06 389.10 Td (a$0.3 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (millionincrease ) Tj ET Q q 0 0 0 rg BT 116.89 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.92 377.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 153.93 377.10 Td (card ) Tj ET Q q 0 0 0 rg BT 174.39 377.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 220.41 377.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 239.75 377.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 278.00 377.10 Td (from ) Tj ET Q q 0 0 0 rg BT 300.68 377.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 329.48 377.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 352.17 377.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 389.30 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.99 377.10 Td (a$0.2 ) Tj ET Q q 0 0 0 rg BT 434.68 377.10 Td (millionincrease ) Tj ET Q q 0 0 0 rg BT 502.07 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.10 377.10 Td (depreciation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.32 365.10 Td (due ) Tj ET Q q 0 0 0 rg BT 101.37 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.75 365.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 138.79 365.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 178.04 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.43 365.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 217.69 365.10 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 273.71 365.10 Td (The ) Tj ET Q q 0 0 0 rg BT 291.86 365.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 331.12 365.10 Td (were ) Tj ET Q q 0 0 0 rg BT 353.16 365.10 Td (of) Tj ET Q q 0 0 0 rg BT 361.31 365.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 378.35 365.10 Td (by ) Tj ET Q q 0 0 0 rg BT 390.96 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.01 365.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 418.12 365.10 Td (milliondecrease ) Tj ET Q q 0 0 0 rg BT 486.54 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.93 365.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 518.97 365.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 537.68 365.10 Td (due ) Tj ET Q q 0 0 0 rg BT 554.73 365.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 91.59 353.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 117.03 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.03 353.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 159.59 353.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 181.69 353.10 Td (services ) Tj ET Q q 0 0 0 rg BT 216.57 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.69 353.10 Td (a$0.4 ) Tj ET Q q 0 0 0 rg BT 260.80 353.10 Td (milliondecrease ) Tj ET Q q 0 0 0 rg BT 329.27 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.72 353.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 356.84 353.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 376.72 353.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 415.50 353.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 453.16 353.10 Td (from ) Tj ET Q q 0 0 0 rg BT 475.27 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.16 353.10 Td (shift ) Tj ET Q q 0 0 0 rg BT 510.61 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.06 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.95 353.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 554.18 353.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 341.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 104.49 341.10 Td (base ) Tj ET Q q 0 0 0 rg BT 124.75 341.10 Td (from ) Tj ET Q q 0 0 0 rg BT 146.69 341.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 186.96 341.10 Td (brokerages ) Tj ET Q q 0 0 0 rg BT 233.32 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.60 341.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 283.87 341.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 315.24 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.18 341.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 388.00 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.28 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.00 341.10 Td (economy) Tj ET Q q 0 0 0 rg BT 449.00 341.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 315.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 87.33 315.10 Td (\(Expense\) ) Tj ET Q q 0 0 0 rg BT 129.81 315.10 Td (Income, ) Tj ET Q q 0 0 0 rg BT 164.23 315.10 Td (Net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 298.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 98.11 298.10 Td (income ) Tj ET Q q 0 0 0 rg BT 129.38 298.10 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 172.59 298.10 Td (net ) Tj ET Q q 0 0 0 rg BT 186.65 298.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 221.81 298.10 Td (imputed ) Tj ET Q q 0 0 0 rg BT 256.42 298.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 287.70 298.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 321.74 298.10 Td (related ) Tj ET Q q 0 0 0 rg BT 350.79 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.40 298.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.46 298.10 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.80 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.64 298.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 445.36 298.10 Td (holdback ) Tj ET Q q 0 0 0 rg BT 483.85 298.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 516.80 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.08 298.10 Td (interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.85 286.10 Td (from ) Tj ET Q q 0 0 0 rg BT 104.21 286.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 128.24 286.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 172.24 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.59 286.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 242.57 286.10 Td (The ) Tj ET Q q 0 0 0 rg BT 261.04 286.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 297.85 286.10 Td (were ) Tj ET Q q 0 0 0 rg BT 320.19 286.10 Td (not ) Tj ET Q q 0 0 0 rg BT 335.89 286.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 381.02 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.72 286.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.85 286.10 Td (years ) Tj ET Q q 0 0 0 rg BT 430.87 286.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 457.67 286.10 Td (December ) Tj ET Q q 0 0 0 rg BT 501.67 286.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 517.09 286.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 542.51 286.10 Td (2012 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 274.10 Td (201) Tj ET Q q 0 0 0 rg BT 81.07 274.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.07 274.10 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 248.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 93.43 248.10 Td (T) Tj ET Q q 0 0 0 rg BT 98.07 248.10 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 231.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 105.36 231.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 119.45 231.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 159.11 231.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.31 231.10 Td ($6.7 ) Tj ET Q q 0 0 0 rg BT 188.69 231.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.58 231.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.45 231.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.11 231.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.11 231.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.98 231.10 Td (was ) Tj ET Q q 0 0 0 rg BT 268.41 231.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 307.49 231.10 Td (due ) Tj ET Q q 0 0 0 rg BT 323.81 231.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.46 231.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 370.33 231.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 392.75 231.10 Td (on ) Tj ET Q q 0 0 0 rg BT 404.63 231.10 Td (pretax ) Tj ET Q q 0 0 0 rg BT 431.49 231.10 Td (income ) Tj ET Q q 0 0 0 rg BT 462.80 231.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.00 231.10 Td ($19.3 ) Tj ET Q q 0 0 0 rg BT 497.38 231.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.27 231.10 Td (. ) Tj ET Q q 0 0 0 rg BT 530.64 231.10 Td ( ) Tj ET Q q 0 0 0 rg BT 532.52 231.10 Td (Income ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 219.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 63.56 219.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 103.18 219.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.36 219.10 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 132.70 219.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.60 219.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.44 219.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.06 219.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.06 219.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.91 219.10 Td (was ) Tj ET Q q 0 0 0 rg BT 212.30 219.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 251.36 219.10 Td (due ) Tj ET Q q 0 0 0 rg BT 267.64 219.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.27 219.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 314.11 219.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 336.50 219.10 Td (on ) Tj ET Q q 0 0 0 rg BT 348.34 219.10 Td (pretax ) Tj ET Q q 0 0 0 rg BT 375.17 219.10 Td (income ) Tj ET Q q 0 0 0 rg BT 406.45 219.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.63 219.10 Td ($21.1 ) Tj ET Q q 0 0 0 rg BT 440.97 219.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.86 219.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.71 219.10 Td (of) Tj ET Q q 0 0 0 rg BT 479.86 219.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 496.14 219.10 Td (by ) Tj ET Q q 0 0 0 rg BT 507.99 219.10 Td (a ) Tj ET Q q 0 0 0 rg BT 514.27 219.10 Td ($6.6 ) Tj ET Q q 0 0 0 rg BT 533.61 219.10 Td (million ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 207.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 90.12 207.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.75 207.10 Td (our ) Tj ET Q q 0 0 0 rg BT 116.93 207.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 153.09 207.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 168.16 207.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 190.45 207.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 230.52 207.10 Td (allowance. ) Tj ET Q q 0 0 0 rg BT 276.40 207.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 309.24 207.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 324.31 207.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 354.93 207.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.11 207.10 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 386.46 207.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.35 207.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.21 207.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.84 207.10 Td (201) Tj ET Q q 0 0 0 rg BT 443.47 207.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 451.32 207.10 Td (was ) Tj ET Q q 0 0 0 rg BT 469.73 207.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 509.79 207.10 Td (due ) Tj ET Q q 0 0 0 rg BT 527.08 207.10 Td (to ) Tj ET Q q 0 0 0 rg BT 537.71 207.10 Td (a ) Tj ET Q q 0 0 0 rg BT 545.00 207.10 Td ($1.7 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 195.10 Td (million ) Tj ET Q q 0 0 0 rg BT 81.33 195.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 122.03 195.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.75 195.10 Td (our ) Tj ET Q q 0 0 0 rg BT 149.02 195.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 185.26 195.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 200.42 195.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 222.79 195.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 262.94 195.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 306.42 195.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 344.35 195.10 Td (from ) Tj ET Q q 0 0 0 rg BT 366.73 195.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.23 195.10 Td (August ) Tj ET Q q 0 0 0 rg BT 413.06 195.10 Td (201) Tj ET Q q 0 0 0 rg BT 427.69 195.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 435.63 195.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 482.45 195.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.72 195.10 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.05 195.10 Td ( ) Tj ET Q q 0 0 0 rg BT 519.99 195.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.37 195.10 Td (a ) Tj ET Q q 0 0 0 rg BT 544.75 195.10 Td (one-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 183.10 Td (time ) Tj ET Q q 0 0 0 rg BT 69.64 183.10 Td (refund ) Tj ET Q q 0 0 0 rg BT 98.10 183.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.80 183.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 128.67 183.10 Td (million ) Tj ET Q q 0 0 0 rg BT 159.92 183.10 Td (for ) Tj ET Q q 0 0 0 rg BT 173.95 183.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 195.75 183.10 Td (year ) Tj ET Q q 0 0 0 rg BT 215.33 183.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 259.89 183.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 301.15 183.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 324.06 183.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 343.64 183.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 381.00 183.10 Td (from ) Tj ET Q q 0 0 0 rg BT 402.81 183.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.39 183.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 440.29 183.10 Td (back ) Tj ET Q q 0 0 0 rg BT 461.53 183.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.23 183.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 504.59 183.10 Td (small ) Tj ET Q q 0 0 0 rg BT 528.62 183.10 Td (business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 171.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.22 171.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 95.87 171.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 131.69 171.10 Td (of) Tj ET Q q 0 0 0 rg BT 139.84 171.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 156.78 171.10 Td (by ) Tj ET Q q 0 0 0 rg BT 169.28 171.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.22 171.10 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 196.22 171.10 Td (million ) Tj ET Q q 0 0 0 rg BT 227.61 171.10 Td (current ) Tj ET Q q 0 0 0 rg BT 258.43 171.10 Td (year ) Tj ET Q q 0 0 0 rg BT 278.13 171.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 292.85 171.10 Td (provision.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 154.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.63 154.10 Td (ef) Tj ET Q q 0 0 0 rg BT 99.22 154.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 129.00 154.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 143.80 154.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 161.36 154.10 Td (did ) Tj ET Q q 0 0 0 rg BT 176.72 154.10 Td (not ) Tj ET Q q 0 0 0 rg BT 192.08 154.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 244.65 154.10 Td (dif) Tj ET Q q 0 0 0 rg BT 255.58 154.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 269.25 154.10 Td (from ) Tj ET Q q 0 0 0 rg BT 291.27 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.07 154.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 343.64 154.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 373.98 154.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 391.54 154.10 Td (during ) Tj ET Q q 0 0 0 rg BT 420.23 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.03 154.10 Td (year ) Tj ET Q q 0 0 0 rg BT 454.81 154.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 481.27 154.10 Td (December ) Tj ET Q q 0 0 0 rg BT 524.93 154.10 Td (31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.01 154.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.01 154.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (although ) Tj ET Q q 0 0 0 rg BT 87.45 142.10 Td (there ) Tj ET Q q 0 0 0 rg BT 110.38 142.10 Td (were ) Tj ET Q q 0 0 0 rg BT 132.76 142.10 Td (of) Tj ET Q q 0 0 0 rg BT 140.91 142.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 173.86 142.10 Td (dif) Tj ET Q q 0 0 0 rg BT 184.78 142.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 221.04 142.10 Td (between ) Tj ET Q q 0 0 0 rg BT 257.31 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.47 142.10 Td (ef) Tj ET Q q 0 0 0 rg BT 280.06 142.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 310.21 142.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 325.38 142.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 343.32 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.71 142.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 398.65 142.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 429.36 142.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 447.29 142.10 Td (due ) Tj ET Q q 0 0 0 rg BT 464.68 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.41 142.10 Td (non-deductible ) Tj ET Q q 0 0 0 rg BT 538.34 142.10 Td (items, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (state ) Tj ET Q q 0 0 0 rg BT 70.07 130.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 95.36 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 112.04 130.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 142.04 130.10 Td (research ) Tj ET Q q 0 0 0 rg BT 177.59 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.27 130.10 Td (development ) Tj ET Q q 0 0 0 rg BT 248.16 130.10 Td (credits. ) Tj ET Q q 0 0 0 rg BT 279.56 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 281.81 130.10 Td (During ) Tj ET Q q 0 0 0 rg BT 312.38 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.84 130.10 Td (years ) Tj ET Q q 0 0 0 rg BT 350.18 130.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 376.30 130.10 Td (December ) Tj ET Q q 0 0 0 rg BT 419.63 130.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 434.38 130.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 456.62 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.30 130.10 Td (201) Tj ET Q q 0 0 0 rg BT 487.93 130.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 497.67 130.10 Td (our ) Tj ET Q q 0 0 0 rg BT 513.25 130.10 Td (ef) Tj ET Q q 0 0 0 rg BT 520.84 130.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 550.28 130.10 Td (tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 66.99 118.10 Td (dif) Tj ET Q q 0 0 0 rg BT 77.91 118.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 100.95 118.10 Td (from ) Tj ET Q q 0 0 0 rg BT 122.89 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.61 118.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 175.10 118.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 205.35 118.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 222.84 118.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 268.66 118.10 Td (due ) Tj ET Q q 0 0 0 rg BT 285.60 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.88 118.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 330.58 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.86 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.58 118.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 395.29 118.10 Td (allowance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.26 101.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.71 101.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 131.82 101.10 Td (allowance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.25 101.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 215.56 101.10 Td (by) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.56 101.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.46 101.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 246.86 101.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.75 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.65 101.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.32 101.10 Td (201) Tj ET Q q 0 0 0 rg BT 301.95 101.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.95 101.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.35 101.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 352.66 101.10 Td (by) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.66 101.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.56 101.10 Td ($6.5 ) Tj ET Q q 0 0 0 rg BT 383.96 101.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.85 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.75 101.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.43 101.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.43 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.33 101.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.66 101.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 502.31 101.10 Td (by) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.31 101.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.21 101.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 533.61 101.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.50 101.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.11 89.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.11 89.10 Td (. ) Tj ET Q q 0 0 0 rg BT 87.17 89.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.81 89.10 Td (e ) Tj ET Q q 0 0 0 rg BT 104.09 89.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 142.36 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.97 89.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 192.80 89.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.07 89.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 242.12 89.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 286.49 89.10 Td (against ) Tj ET Q q 0 0 0 rg BT 318.65 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.70 89.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 371.85 89.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 387.90 89.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 415.07 89.10 Td (related ) Tj ET Q q 0 0 0 rg BT 446.10 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.72 89.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 488.76 89.10 Td (state ) Tj ET Q q 0 0 0 rg BT 510.92 89.10 Td (research ) Tj ET Q q 0 0 0 rg BT 548.06 89.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (development ) Tj ET Q q 0 0 0 rg BT 103.54 77.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 118.15 77.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 149.69 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.30 77.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 208.88 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.60 77.10 Td (which ) Tj ET Q q 0 0 0 rg BT 246.43 77.10 Td (is ) Tj ET Q q 0 0 0 rg BT 255.49 77.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 295.08 77.10 Td (as) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.41 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.80 77.10 Td (we ) Tj ET Q q 0 0 0 rg BT 319.85 77.10 Td (expect ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.33 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.50 77.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 394.75 77.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 437.13 77.10 Td (such ) Tj ET Q q 0 0 0 rg BT 457.85 77.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 486.89 77.10 Td (at ) Tj ET Q q 0 0 0 rg BT 496.50 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 503.33 77.10 Td (faster ) Tj ET Q q 0 0 0 rg BT 527.92 77.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 545.30 77.10 Td (than) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.51 77.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.29 65.10 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.62 65.10 Td (able ) Tj ET Q q 0 0 0 rg BT 96.40 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.30 65.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 133.42 65.10 Td (them) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.41 65.10 Td (. ) Tj ET Q q 0 0 0 rg BT 157.89 65.10 Td (W) Tj ET Q q 0 0 0 rg BT 166.52 65.10 Td (e ) Tj ET Q q 0 0 0 rg BT 173.09 65.10 Td (will ) Tj ET Q q 0 0 0 rg BT 190.77 65.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 227.33 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.23 65.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 263.80 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.14 65.10 Td (need ) Tj ET Q q 0 0 0 rg BT 299.15 65.10 Td (for ) Tj ET Q q 0 0 0 rg BT 312.93 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 319.50 65.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 358.83 65.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 401.49 65.10 Td (on ) Tj ET Q q 0 0 0 rg BT 413.62 65.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 449.05 65.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 463.39 65.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 488.84 65.10 Td (by ) Tj ET Q q 0 0 0 rg BT 500.97 65.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 544.75 65.10 Td (both ) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (42) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 83.95 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.18 740.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 137.84 740.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 176.16 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 193.94 740.10 Td (may ) Tj ET Q q 0 0 0 rg BT 213.94 740.10 Td (exist. ) Tj ET Q q 0 0 0 rg BT 237.50 740.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 257.51 740.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 304.18 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.74 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.75 740.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 365.84 740.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 380.84 740.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 403.07 740.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 443.07 740.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 486.39 740.10 Td (will ) Tj ET Q q 0 0 0 rg BT 504.73 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 516.96 740.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 554.72 740.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 728.10 Td (income ) Tj ET Q q 0 0 0 rg BT 96.15 728.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 136.97 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 151.13 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.85 728.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 197.79 728.10 Td (that ) Tj ET Q q 0 0 0 rg BT 215.28 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.00 728.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 276.38 728.10 Td (is ) Tj ET Q q 0 0 0 rg BT 285.55 728.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 333.03 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.31 728.10 Td (be ) Tj ET Q q 0 0 0 rg BT 355.25 728.10 Td (required.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 707.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 92.02 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.64 707.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 144.81 707.10 Td (Resour) Tj ET Q q 0 0 0 rg BT 175.18 707.10 Td (ces) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 690.10 Td (As ) Tj ET Q q 0 0 0 rg BT 88.60 690.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.92 690.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 161.00 690.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.00 690.10 Td (, ) Tj ET Q q 0 0 0 rg BT 187.49 690.10 Td (we ) Tj ET Q q 0 0 0 rg BT 203.14 690.10 Td (had ) Tj ET Q q 0 0 0 rg BT 221.56 690.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 245.82 690.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 267.58 690.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 317.11 690.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.54 690.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 381.19 690.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 432.95 690.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.27 690.10 Td ($79.8 ) Tj ET Q q 0 0 0 rg BT 471.76 690.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.65 690.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.64 690.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.07 690.10 Td (long-term ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 678.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 100.12 678.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.29 678.10 Td ($56.3 ) Tj ET Q q 0 0 0 rg BT 136.63 678.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 165.52 678.10 Td (. ) Tj ET Q q 0 0 0 rg BT 170.86 678.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 193.70 678.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.98 678.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 231.59 678.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 279.98 678.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 310.60 678.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.77 678.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 342.38 678.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.66 678.10 Td (money ) Tj ET Q q 0 0 0 rg BT 389.72 678.10 Td (market ) Tj ET Q q 0 0 0 rg BT 420.33 678.10 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 460.65 678.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 482.94 678.10 Td (short ) Tj ET Q q 0 0 0 rg BT 505.78 678.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.06 678.10 Td (long-term ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 666.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 99.57 666.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 129.65 666.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.28 666.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 180.33 666.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 206.53 666.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.26 666.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 272.51 666.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 318.67 666.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.29 666.10 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 362.98 666.10 Td (municipal ) Tj ET Q q 0 0 0 rg BT 405.27 666.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 454.51 666.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 474.60 666.10 Td (government ) Tj ET Q q 0 0 0 rg BT 524.66 666.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 548.07 666.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 654.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 69.78 654.10 Td (government ) Tj ET Q q 0 0 0 rg BT 120.05 654.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 150.86 654.10 Td (securities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 633.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 633.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.38 633.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 119.06 633.10 Td (that ) Tj ET Q q 0 0 0 rg BT 135.86 633.10 Td (our ) Tj ET Q q 0 0 0 rg BT 151.00 633.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 184.47 633.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 206.54 633.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 226.12 633.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 273.46 633.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.71 633.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 333.17 633.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 382.75 633.10 Td (will ) Tj ET Q q 0 0 0 rg BT 400.11 633.10 Td (be ) Tj ET Q q 0 0 0 rg BT 411.35 633.10 Td (suf) Tj ET Q q 0 0 0 rg BT 423.39 633.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 450.74 633.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.33 633.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 480.46 633.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 508.92 633.10 Td (expenditures, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 621.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.23 621.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 127.30 621.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.70 621.10 Td (other ) Tj ET Q q 0 0 0 rg BT 166.22 621.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 185.96 621.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 240.13 621.10 Td (for ) Tj ET Q q 0 0 0 rg BT 253.75 621.10 Td (at ) Tj ET Q q 0 0 0 rg BT 262.94 621.10 Td (least ) Tj ET Q q 0 0 0 rg BT 283.23 621.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.42 621.10 Td (next ) Tj ET Q q 0 0 0 rg BT 316.60 621.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 328.57 621.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 362.34 621.10 Td (W) Tj ET Q q 0 0 0 rg BT 370.98 621.10 Td (e ) Tj ET Q q 0 0 0 rg BT 377.39 621.10 Td (may ) Tj ET Q q 0 0 0 rg BT 396.57 621.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 418.52 621.10 Td (into ) Tj ET Q q 0 0 0 rg BT 436.05 621.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 485.79 621.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.53 621.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.72 621.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 538.06 621.10 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 609.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.22 609.10 Td (require ) Tj ET Q q 0 0 0 rg BT 105.04 609.10 Td (us ) Tj ET Q q 0 0 0 rg BT 116.44 609.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.72 609.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 146.99 609.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 189.48 609.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 216.98 609.10 Td (or ) Tj ET Q q 0 0 0 rg BT 227.82 609.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 247.54 609.10 Td (financing. ) Tj ET Q q 0 0 0 rg BT 289.75 609.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 335.03 609.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 359.76 609.10 Td (may ) Tj ET Q q 0 0 0 rg BT 379.48 609.10 Td (not ) Tj ET Q q 0 0 0 rg BT 394.76 609.10 Td (be ) Tj ET Q q 0 0 0 rg BT 406.70 609.10 Td (available ) Tj ET Q q 0 0 0 rg BT 445.29 609.10 Td (on ) Tj ET Q q 0 0 0 rg BT 457.80 609.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 482.52 609.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 522.78 609.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.06 609.10 Td (us ) Tj ET Q q 0 0 0 rg BT 544.45 609.10 Td (or ) Tj ET Q q 0 0 0 rg BT 555.29 609.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 597.10 Td (all.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 576.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 576.10 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 576.10 Td (table ) Tj ET Q q 0 0 0 rg BT 154.87 576.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 172.37 576.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 194.31 576.10 Td (our ) Tj ET Q q 0 0 0 rg BT 210.14 576.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 250.96 576.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.79 576.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 282.05 576.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 306.78 576.10 Td (data ) Tj ET Q q 0 0 0 rg BT 325.93 576.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.09 576.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.81 576.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 386.75 576.10 Td (presented:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 526.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 526.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 526.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 526.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 526.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 526.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 496.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 496.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 496.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 496.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 496.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 496.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 552.6 m 449 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 552.6 m 453 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 552.6 m 506 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 552.6 m 563 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 539.6 m 449 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 539.6 m 506 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 539.6 m 563 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 481.6 m 563 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 481.6 m 449 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 467.6 m 449 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 465.6 m 449 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 481.6 m 506 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 467.6 m 506 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 465.6 m 506 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 481.6 m 563 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 467.6 m 563 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 465.6 m 563 465.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 556.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.60 556.83 Td (Year ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 543.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.00 543.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.00 543.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.20 543.83 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 530.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.65 530.83 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 517.17 Td (Net cash provided by operating activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 516.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 516.27 Td (29,248) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 516.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 516.27 Td (27,753) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 516.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 516.27 Td (6,372) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 502.17 Td (Net cash used in investing activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 501.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.30 501.32 Td (\(52,314) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 501.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 501.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.30 501.32 Td (\(69,121) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.15 501.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 501.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.30 501.32 Td (\(21,268) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.15 501.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 487.17 Td (Net cash provided by financing activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 486.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 486.27 Td (12,414) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 486.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 486.27 Td (61,750) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 486.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 486.27 Td (24,279) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 472.17 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 471.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.30 471.32 Td (\(10,652) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 471.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 471.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 471.27 Td (20,382) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 471.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 471.27 Td (9,383) Tj ET Q BT /F2 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 446.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 104.93 446.10 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 429.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 95.84 429.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 133.73 429.10 Td (by ) Tj ET Q q 0 0 0 rg BT 146.08 429.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 186.18 429.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 224.62 429.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 264.72 429.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.06 429.10 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 296.91 429.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.80 429.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.14 429.10 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.92 429.10 Td ($27.8 ) Tj ET Q q 0 0 0 rg BT 374.76 429.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.66 429.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.00 429.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.12 429.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.12 429.10 Td ( ) Tj ET Q q 0 0 0 rg BT 438.46 429.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.58 429.10 Td ($29.2 ) Tj ET Q q 0 0 0 rg BT 473.43 429.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.32 429.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.66 429.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.78 429.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.78 429.10 Td (. ) Tj ET Q q 0 0 0 rg BT 539.62 429.10 Td (In ) Tj ET Q q 0 0 0 rg BT 550.30 429.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 417.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.35 417.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 148.87 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.50 417.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 181.58 417.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 209.60 417.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 230.68 417.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 269.53 417.10 Td (by ) Tj ET Q q 0 0 0 rg BT 282.83 417.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 323.90 417.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 363.31 417.10 Td (is ) Tj ET Q q 0 0 0 rg BT 373.28 417.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 414.91 417.10 Td (as ) Tj ET Q q 0 0 0 rg BT 426.54 417.10 Td (net ) Tj ET Q q 0 0 0 rg BT 442.06 417.10 Td (income ) Tj ET Q q 0 0 0 rg BT 474.80 417.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 511.43 417.10 Td (for ) Tj ET Q q 0 0 0 rg BT 526.40 417.10 Td (non-cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 405.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.01 405.10 Td (items ) Tj ET Q q 0 0 0 rg BT 107.98 405.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.72 405.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 159.23 405.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.31 405.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 209.37 405.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 235.01 405.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.75 405.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 293.77 405.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 310.51 405.10 Td (income ) Tj ET Q q 0 0 0 rg BT 342.24 405.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 383.96 405.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.26 405.10 Td ($6.9 ) Tj ET Q q 0 0 0 rg BT 416.06 405.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.95 405.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.26 405.10 Td (for ) Tj ET Q q 0 0 0 rg BT 461.22 405.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.74 405.10 Td (year ) Tj ET Q q 0 0 0 rg BT 495.25 405.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 521.43 405.10 Td (December ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 393.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.00 393.10 Td ( ) Tj ET Q q 0 0 0 rg BT 64.49 393.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 86.97 393.10 Td (as ) Tj ET Q q 0 0 0 rg BT 97.79 393.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 139.70 393.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.97 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.67 393.10 Td (same ) Tj ET Q q 0 0 0 rg BT 187.70 393.10 Td (period ) Tj ET Q q 0 0 0 rg BT 215.74 393.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.55 393.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.55 393.10 Td (. ) Tj ET Q q 0 0 0 rg BT 251.36 393.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.39 393.10 Td (net ) Tj ET Q q 0 0 0 rg BT 284.10 393.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 335.47 393.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.28 393.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 384.87 393.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 419.56 393.10 Td (items) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.23 393.10 Td ( ) Tj ET Q q 0 0 0 rg BT 443.71 393.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.98 393.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 474.24 393.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 512.27 393.10 Td (by ) Tj ET Q q 0 0 0 rg BT 524.76 393.10 Td (operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 381.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 89.03 381.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 130.21 381.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.64 381.10 Td ($3.3 ) Tj ET Q q 0 0 0 rg BT 164.57 381.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.46 381.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.90 381.10 Td (for ) Tj ET Q q 0 0 0 rg BT 211.99 381.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.63 381.10 Td (year ) Tj ET Q q 0 0 0 rg BT 248.27 381.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 275.58 381.10 Td (December ) Tj ET Q q 0 0 0 rg BT 320.09 381.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.59 381.10 Td ( ) Tj ET Q q 0 0 0 rg BT 336.02 381.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 359.45 381.10 Td (as ) Tj ET Q q 0 0 0 rg BT 371.21 381.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 414.07 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.27 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.92 381.10 Td (same ) Tj ET Q q 0 0 0 rg BT 464.90 381.10 Td (period ) Tj ET Q q 0 0 0 rg BT 493.88 381.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.64 381.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.64 381.10 Td (. ) Tj ET Q q 0 0 0 rg BT 531.32 381.10 Td (The ) Tj ET Q q 0 0 0 rg BT 550.29 381.10 Td (net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 369.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 100.49 369.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.93 369.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 145.25 369.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.13 369.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 195.01 369.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 220.45 369.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.00 369.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 276.32 369.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.21 369.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 306.09 369.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 343.74 369.10 Td (by ) Tj ET Q q 0 0 0 rg BT 355.85 369.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 395.73 369.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 433.93 369.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 473.80 369.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.91 369.10 Td ($5.1 ) Tj ET Q q 0 0 0 rg BT 505.52 369.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.41 369.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.52 369.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.29 369.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 357.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.21 357.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 95.58 357.10 Td (December ) Tj ET Q q 0 0 0 rg BT 139.17 357.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.67 357.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.17 357.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 176.67 357.10 Td (as ) Tj ET Q q 0 0 0 rg BT 187.50 357.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 229.42 357.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.70 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.42 357.10 Td (same ) Tj ET Q q 0 0 0 rg BT 277.46 357.10 Td (period ) Tj ET Q q 0 0 0 rg BT 305.51 357.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.34 357.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.34 357.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 340.10 Td (Contributing ) Tj ET Q q 0 0 0 rg BT 127.48 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.13 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.21 340.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 188.84 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.48 340.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.57 340.10 Td (net ) Tj ET Q q 0 0 0 rg BT 229.65 340.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 281.41 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.60 340.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 331.57 340.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 366.65 340.10 Td (items) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.31 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.18 340.10 Td (was ) Tj ET Q q 0 0 0 rg BT 409.60 340.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.91 340.10 Td ($7.4 ) Tj ET Q q 0 0 0 rg BT 437.28 340.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.17 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.04 340.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 504.66 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.31 340.10 Td (stock-based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.82 328.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 145.30 328.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 185.29 328.10 Td (due ) Tj ET Q q 0 0 0 rg BT 202.51 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.06 328.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 266.31 328.10 Td (A) Tj ET Q q 0 0 0 rg BT 272.62 328.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 299.28 328.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 332.04 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.59 328.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 372.57 328.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 417.55 328.10 Td (during ) Tj ET Q q 0 0 0 rg BT 446.44 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.43 328.10 Td (third ) Tj ET Q q 0 0 0 rg BT 483.10 328.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 514.19 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.30 328.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 548.07 328.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.13 316.10 Td (first ) Tj ET Q q 0 0 0 rg BT 82.64 316.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 113.37 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.11 316.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 146.52 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.37 316.10 Td (new ) Tj ET Q q 0 0 0 rg BT 182.44 316.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 205.96 316.10 Td (option ) Tj ET Q q 0 0 0 rg BT 233.92 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.77 316.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 276.52 316.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 303.37 316.10 Td (made ) Tj ET Q q 0 0 0 rg BT 327.44 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.63 316.10 Td (new ) Tj ET Q q 0 0 0 rg BT 356.69 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.54 316.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 407.62 316.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 455.29 316.10 Td (of) Tj ET Q q 0 0 0 rg BT 463.44 316.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 480.29 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.48 316.10 Td (part ) Tj ET Q q 0 0 0 rg BT 508.43 316.10 Td (by ) Tj ET Q q 0 0 0 rg BT 520.84 316.10 Td (reductions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.01 304.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 91.97 304.10 Td (vested, ) Tj ET Q q 0 0 0 rg BT 122.09 304.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 143.05 304.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 185.10 304.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 208.28 304.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 242.31 304.10 Td (which ) Tj ET Q q 0 0 0 rg BT 268.82 304.10 Td (no ) Tj ET Q q 0 0 0 rg BT 280.89 304.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 308.51 304.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 347.23 304.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 381.51 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.36 304.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 417.98 304.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 438.94 304.10 Td (contributing ) Tj ET Q q 0 0 0 rg BT 489.90 304.10 Td (was ) Tj ET Q q 0 0 0 rg BT 507.52 304.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.03 304.10 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 533.61 304.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.50 304.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.73 292.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 111.61 292.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 148.77 292.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 188.44 292.10 Td (due ) Tj ET Q q 0 0 0 rg BT 205.33 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.56 292.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 257.45 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.23 292.10 Td (property ) Tj ET Q q 0 0 0 rg BT 304.56 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.46 292.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 366.13 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 380.24 292.10 Td (our ) Tj ET Q q 0 0 0 rg BT 396.03 292.10 Td (data ) Tj ET Q q 0 0 0 rg BT 415.14 292.10 Td (centers ) Tj ET Q q 0 0 0 rg BT 445.91 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.80 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 476.92 292.10 Td (our ) Tj ET Q q 0 0 0 rg BT 492.70 292.10 Td (new ) Tj ET Q q 0 0 0 rg BT 511.82 292.10 Td (ERP) Tj ET Q q 0 0 0 rg BT 529.78 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 532.24 292.10 Td (system, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.45 280.10 Td (was ) Tj ET Q q 0 0 0 rg BT 94.51 280.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 123.12 280.10 Td (into ) Tj ET Q q 0 0 0 rg BT 141.19 280.10 Td (service ) Tj ET Q q 0 0 0 rg BT 172.01 280.10 Td (during ) Tj ET Q q 0 0 0 rg BT 200.63 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.36 280.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 242.31 280.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 273.14 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.98 280.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 308.43 280.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 358.34 280.10 Td (, ) Tj ET Q q 0 0 0 rg BT 363.35 280.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 416.40 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.24 280.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 473.63 280.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 512.25 280.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 552.51 280.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 70.10 268.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.99 268.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.09 268.10 Td (due ) Tj ET Q q 0 0 0 rg BT 119.62 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.50 268.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 173.02 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.45 268.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 229.20 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.74 268.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 289.27 268.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 340.14 268.10 Td (starting ) Tj ET Q q 0 0 0 rg BT 373.23 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.11 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.42 268.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 426.96 268.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 458.37 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.80 268.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 495.39 268.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.49 268.10 Td (Of) Tj ET Q q 0 0 0 rg BT 508.86 268.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 541.95 268.10 Td (these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (contributors ) Tj ET Q q 0 0 0 rg BT 100.15 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.26 256.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 130.35 256.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 168.23 256.10 Td (by ) Tj ET Q q 0 0 0 rg BT 180.55 256.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 220.64 256.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 259.07 256.10 Td (were ) Tj ET Q q 0 0 0 rg BT 280.82 256.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 309.25 256.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 323.79 256.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 360.27 256.10 Td (which ) Tj ET Q q 0 0 0 rg BT 387.04 256.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 416.01 256.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 436.11 256.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 473.98 256.10 Td (by ) Tj ET Q q 0 0 0 rg BT 486.31 256.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.40 256.10 Td (activities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.58 244.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 106.98 244.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.62 244.10 Td ($4.7 ) Tj ET Q q 0 0 0 rg BT 139.77 244.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.66 244.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.30 244.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 211.16 244.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.13 244.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.22 244.10 Td (result ) Tj ET Q q 0 0 0 rg BT 254.08 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.05 244.10 Td (windfall ) Tj ET Q q 0 0 0 rg BT 301.02 244.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 315.88 244.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 350.18 244.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.83 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.69 244.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 413.08 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.06 244.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 447.81 244.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 482.40 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.38 244.10 Td (which ) Tj ET Q q 0 0 0 rg BT 520.46 244.10 Td (there ) Tj ET Q q 0 0 0 rg BT 543.09 244.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td (none ) Tj ET Q q 0 0 0 rg BT 71.56 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 81.97 232.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 107.09 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.14 232.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 130.65 232.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 168.26 232.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 188.65 232.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 226.83 232.10 Td (by ) Tj ET Q q 0 0 0 rg BT 239.45 232.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 279.84 232.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 318.56 232.10 Td (was ) Tj ET Q q 0 0 0 rg BT 336.74 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.58 232.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 381.97 232.10 Td (from ) Tj ET Q q 0 0 0 rg BT 404.03 232.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 439.96 232.10 Td (income ) Tj ET Q q 0 0 0 rg BT 472.02 232.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 497.69 232.10 Td (which ) Tj ET Q q 0 0 0 rg BT 524.75 232.10 Td (increased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.23 220.10 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 82.46 220.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.35 220.10 Td (, ) Tj ET Q q 0 0 0 rg BT 116.58 220.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 156.52 220.10 Td (due ) Tj ET Q q 0 0 0 rg BT 173.68 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.19 220.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 223.57 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.07 220.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 270.11 220.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 293.38 220.10 Td (related ) Tj ET Q q 0 0 0 rg BT 323.31 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.82 220.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 383.75 220.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 444.53 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.69 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.64 220.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 496.02 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.08 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 514.25 220.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 554.74 220.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 208.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 100.02 208.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 114.74 208.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 136.68 208.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 176.39 208.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 219.42 208.10 Td (during ) Tj ET Q q 0 0 0 rg BT 248.03 208.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 273.03 208.10 Td (as ) Tj ET Q q 0 0 0 rg BT 283.86 208.10 Td (there ) Tj ET Q q 0 0 0 rg BT 306.35 208.10 Td (was ) Tj ET Q q 0 0 0 rg BT 324.40 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.68 208.10 Td (2012.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 187.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 110.33 187.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.51 187.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 160.67 187.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 186.40 187.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.23 187.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 242.84 187.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 276.90 187.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.07 187.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.91 187.10 Td (net ) Tj ET Q q 0 0 0 rg BT 308.52 187.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 343.67 187.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.40 187.10 Td ($5.1 ) Tj ET Q q 0 0 0 rg BT 374.29 187.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.18 187.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.58 187.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.76 187.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 435.92 187.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 473.86 187.10 Td (by ) Tj ET Q q 0 0 0 rg BT 486.26 187.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.42 187.10 Td (activities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 175.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.26 175.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.45 175.10 Td (year ) Tj ET Q q 0 0 0 rg BT 92.64 175.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 118.50 175.10 Td (December ) Tj ET Q q 0 0 0 rg BT 161.56 175.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.06 175.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.04 175.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.04 175.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.02 175.10 Td (as ) Tj ET Q q 0 0 0 rg BT 208.33 175.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 249.73 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.49 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.68 175.10 Td (same ) Tj ET Q q 0 0 0 rg BT 296.21 175.10 Td (period ) Tj ET Q q 0 0 0 rg BT 323.73 175.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.49 175.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.49 175.10 Td (. ) Tj ET Q q 0 0 0 rg BT 357.97 175.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 375.50 175.10 Td (net ) Tj ET Q q 0 0 0 rg BT 389.70 175.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 426.66 175.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 469.72 175.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 502.23 175.10 Td (fluctuates ) Tj ET Q q 0 0 0 rg BT 543.08 175.10 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 163.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.38 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.48 163.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 117.86 163.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 161.84 163.10 Td (on ) Tj ET Q q 0 0 0 rg BT 174.17 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.71 163.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 217.15 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.81 163.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 249.58 163.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.35 163.10 Td (billing ) Tj ET Q q 0 0 0 rg BT 294.79 163.10 Td (activity) Tj ET Q q 0 0 0 rg BT 324.13 163.10 Td (, ) Tj ET Q q 0 0 0 rg BT 328.96 163.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 349.05 163.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 394.70 163.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.47 163.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 446.00 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.11 163.10 Td (our ) Tj ET Q q 0 0 0 rg BT 471.77 163.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 514.63 163.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.62 163.10 Td (doubtful ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 151.10 Td (accounts.) Tj ET Q q 0 0 0 rg BT 89.30 151.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.54 151.10 Td (change ) Tj ET Q q 0 0 0 rg BT 138.55 151.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.02 151.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 181.70 151.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 220.49 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.62 151.10 Td (other ) Tj ET Q q 0 0 0 rg BT 260.86 151.10 Td (current ) Tj ET Q q 0 0 0 rg BT 291.87 151.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 317.89 151.10 Td (was ) Tj ET Q q 0 0 0 rg BT 336.13 151.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 376.03 151.10 Td (due ) Tj ET Q q 0 0 0 rg BT 393.17 151.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.64 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.54 151.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 447.35 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.37 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.28 151.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 510.41 151.10 Td (for ) Tj ET Q q 0 0 0 rg BT 524.76 151.10 Td (computer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 139.10 Td (software ) Tj ET Q q 0 0 0 rg BT 86.48 139.10 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 123.18 139.10 Td (as ) Tj ET Q q 0 0 0 rg BT 134.06 139.10 Td (well ) Tj ET Q q 0 0 0 rg BT 153.82 139.10 Td (as ) Tj ET Q q 0 0 0 rg BT 164.70 139.10 Td (an ) Tj ET Q q 0 0 0 rg BT 176.69 139.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 211.99 139.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.31 139.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 245.41 139.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 289.04 139.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 326.58 139.10 Td (from ) Tj ET Q q 0 0 0 rg BT 348.57 139.10 Td (windfall ) Tj ET Q q 0 0 0 rg BT 384.44 139.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 399.20 139.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 433.41 139.10 Td (on ) Tj ET Q q 0 0 0 rg BT 445.95 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.72 139.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 496.02 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.90 139.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 530.55 139.10 Td (options. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 127.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.97 127.10 Td (change ) Tj ET Q q 0 0 0 rg BT 97.21 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.90 127.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 141.60 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.96 127.10 Td (other ) Tj ET Q q 0 0 0 rg BT 180.43 127.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 205.68 127.10 Td (was ) Tj ET Q q 0 0 0 rg BT 223.16 127.10 Td (due ) Tj ET Q q 0 0 0 rg BT 239.52 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.22 127.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 284.44 127.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 334.70 127.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 372.72 127.10 Td (which ) Tj ET Q q 0 0 0 rg BT 399.08 127.10 Td (started ) Tj ET Q q 0 0 0 rg BT 427.66 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.36 127.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 459.28 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.64 127.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 503.67 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.92 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.06 127.10 Td (payment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 115.10 Td (for ) Tj ET Q q 0 0 0 rg BT 62.95 115.10 Td (software ) Tj ET Q q 0 0 0 rg BT 99.17 115.10 Td (licenses. ) Tj ET Q q 0 0 0 rg BT 134.99 115.10 Td (The ) Tj ET Q q 0 0 0 rg BT 152.33 115.10 Td (change ) Tj ET Q q 0 0 0 rg BT 182.43 115.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.00 115.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 228.78 115.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 261.66 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.89 115.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 310.77 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.00 115.10 Td (other ) Tj ET Q q 0 0 0 rg BT 349.33 115.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 388.34 115.10 Td (was ) Tj ET Q q 0 0 0 rg BT 405.68 115.10 Td (due ) Tj ET Q q 0 0 0 rg BT 421.91 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.48 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.49 115.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 473.40 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.52 115.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 525.30 115.10 Td (liabilities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 103.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 103.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 107.26 103.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.54 103.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 151.97 103.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.90 103.10 Td (does ) Tj ET Q q 0 0 0 rg BT 189.73 103.10 Td (not ) Tj ET Q q 0 0 0 rg BT 205.01 103.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 233.04 103.10 Td (any ) Tj ET Q q 0 0 0 rg BT 249.98 103.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 294.70 103.10 Td (change ) Tj ET Q q 0 0 0 rg BT 325.51 103.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.79 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.51 103.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 377.99 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.82 103.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 422.41 103.10 Td (liabilities. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 86.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 95.06 86.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 133.16 86.70 Td (by ) Tj ET Q q 0 0 0 rg BT 145.72 86.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 186.04 86.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 224.70 86.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 265.01 86.70 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.57 86.70 Td ($21.4 ) Tj ET Q q 0 0 0 rg BT 302.63 86.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.52 86.70 Td ( ) Tj ET Q q 0 0 0 rg BT 334.08 86.70 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.08 86.70 Td ($6.4 ) Tj ET Q q 0 0 0 rg BT 376.14 86.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.03 86.70 Td ( ) Tj ET Q q 0 0 0 rg BT 407.59 86.70 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.92 86.70 Td (201) Tj ET Q q 0 0 0 rg BT 432.55 86.70 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.55 86.70 Td ( ) Tj ET Q q 0 0 0 rg BT 440.11 86.70 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.45 86.70 Td ($27.8 ) Tj ET Q q 0 0 0 rg BT 475.51 86.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.40 86.70 Td ( ) Tj ET Q q 0 0 0 rg BT 506.96 86.70 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.29 86.70 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.29 86.70 Td (. ) Tj ET Q q 0 0 0 rg BT 542.35 86.70 Td ( ) Tj ET Q q 0 0 0 rg BT 544.73 86.70 Td (This ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 74.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.95 74.70 Td (was ) Tj ET Q q 0 0 0 rg BT 103.20 74.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 143.10 74.70 Td (due ) Tj ET Q q 0 0 0 rg BT 160.24 74.70 Td (to ) Tj ET Q q 0 0 0 rg BT 170.71 74.70 Td (an ) Tj ET Q q 0 0 0 rg BT 182.84 74.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 218.29 74.70 Td (of ) Tj ET Q q 0 0 0 rg BT 229.32 74.70 Td (net ) Tj ET Q q 0 0 0 rg BT 244.23 74.70 Td (income ) Tj ET Q q 0 0 0 rg BT 276.36 74.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.39 74.70 Td ($15.8 ) Tj ET Q q 0 0 0 rg BT 312.58 74.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.47 74.70 Td ( ) Tj ET Q q 0 0 0 rg BT 344.17 74.70 Td (for ) Tj ET Q q 0 0 0 rg BT 358.52 74.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.44 74.70 Td (year ) Tj ET Q q 0 0 0 rg BT 393.34 74.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 419.91 74.70 Td (December ) Tj ET Q q 0 0 0 rg BT 463.69 74.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 478.88 74.70 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.88 74.70 Td ( ) Tj ET Q q 0 0 0 rg BT 501.58 74.70 Td (as ) Tj ET Q q 0 0 0 rg BT 512.61 74.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.72 74.70 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 62.70 Td (the ) Tj ET Q q 0 0 0 rg BT 63.78 62.70 Td (same ) Tj ET Q q 0 0 0 rg BT 86.39 62.70 Td (period ) Tj ET Q q 0 0 0 rg BT 114.00 62.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.39 62.70 Td (201) Tj ET Q q 0 0 0 rg BT 139.02 62.70 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.02 62.70 Td (. ) Tj ET Q q 0 0 0 rg BT 148.58 62.70 Td ( ) Tj ET Q q 0 0 0 rg BT 150.19 62.70 Td (Additionally) Tj ET Q q 0 0 0 rg BT 200.09 62.70 Td (, ) Tj ET Q q 0 0 0 rg BT 204.66 62.70 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 253.93 62.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 311.53 62.70 Td (expense ) Tj ET Q q 0 0 0 rg BT 345.80 62.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 385.62 62.70 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.68 62.70 Td ($5.2 ) Tj ET Q q 0 0 0 rg BT 417.25 62.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.14 62.70 Td ( ) Tj ET Q q 0 0 0 rg BT 448.20 62.70 Td (for ) Tj ET Q q 0 0 0 rg BT 461.92 62.70 Td (the ) Tj ET Q q 0 0 0 rg BT 476.20 62.70 Td (year ) Tj ET Q q 0 0 0 rg BT 495.47 62.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 521.41 62.70 Td (December ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 50.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 64.16 50.70 Td (2012 ) Tj ET Q q 0 0 0 rg BT 86.33 50.70 Td (as ) Tj ET Q q 0 0 0 rg BT 96.82 50.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 138.41 50.70 Td (to ) Tj ET Q q 0 0 0 rg BT 148.35 50.70 Td (the ) Tj ET Q q 0 0 0 rg BT 162.74 50.70 Td (same ) Tj ET Q q 0 0 0 rg BT 185.45 50.70 Td (period ) Tj ET Q q 0 0 0 rg BT 213.16 50.70 Td (of ) Tj ET Q q 0 0 0 rg BT 223.65 50.70 Td (201) Tj ET Q q 0 0 0 rg BT 238.28 50.70 Td (1. ) Tj ET Q q 0 0 0 rg BT 247.79 50.70 Td (This ) Tj ET Q q 0 0 0 rg BT 267.73 50.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 302.65 50.70 Td (resulted ) Tj ET Q q 0 0 0 rg BT 336.47 50.70 Td (from ) Tj ET Q q 0 0 0 rg BT 358.07 50.70 Td (new ) Tj ET Q q 0 0 0 rg BT 376.90 50.70 Td (grants ) Tj ET Q q 0 0 0 rg BT 403.50 50.70 Td (and ) Tj ET Q q 0 0 0 rg BT 420.11 50.70 Td (the ) Tj ET Q q 0 0 0 rg BT 434.49 50.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 474.41 50.70 Td (market ) Tj ET Q q 0 0 0 rg BT 504.33 50.70 Td (price ) Tj ET Q q 0 0 0 rg BT 526.48 50.70 Td (per ) Tj ET Q q 0 0 0 rg BT 541.42 50.70 Td (share ) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.82 740.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.14 740.10 Td (common ) Tj ET Q q 0 0 0 rg BT 115.13 740.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 141.73 740.10 Td (of) Tj ET Q q 0 0 0 rg BT 149.88 740.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 167.31 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.07 740.10 Td (part ) Tj ET Q q 0 0 0 rg BT 196.61 740.10 Td (by ) Tj ET Q q 0 0 0 rg BT 209.60 740.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 254.25 740.10 Td (from ) Tj ET Q q 0 0 0 rg BT 276.68 740.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 298.56 740.10 Td (vested, ) Tj ET Q q 0 0 0 rg BT 329.59 740.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 351.47 740.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 394.44 740.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 418.54 740.10 Td (options. ) Tj ET Q q 0 0 0 rg BT 452.82 740.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 502.72 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 508.21 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.42 740.10 Td (change ) Tj ET Q q 0 0 0 rg BT 554.73 740.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 86.26 728.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 101.93 728.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 128.72 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.62 728.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 187.29 728.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 228.50 728.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.95 728.10 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 262.91 728.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.80 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.26 728.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 335.93 728.10 Td (due ) Tj ET Q q 0 0 0 rg BT 353.82 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.05 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.73 728.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 421.95 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.18 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.97 728.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 486.73 728.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 502.40 728.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 525.30 728.10 Td (valuation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (allowance. ) Tj ET Q q 0 0 0 rg BT 95.63 716.10 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 150.36 716.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 185.67 716.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 226.52 716.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.61 716.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 260.21 716.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.10 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.20 716.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 332.50 716.10 Td (due ) Tj ET Q q 0 0 0 rg BT 350.04 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.91 716.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 403.44 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.86 716.10 Td (property ) Tj ET Q q 0 0 0 rg BT 451.83 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.37 716.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 514.68 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 529.43 716.10 Td (our ) Tj ET Q q 0 0 0 rg BT 545.86 716.10 Td (data ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (center ) Tj ET Q q 0 0 0 rg BT 75.79 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.10 704.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 144.51 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.71 704.10 Td (other ) Tj ET Q q 0 0 0 rg BT 177.12 704.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 218.98 704.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 244.18 704.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 283.80 704.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.67 704.10 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 315.04 704.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.93 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.80 704.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 384.88 704.10 Td (due ) Tj ET Q q 0 0 0 rg BT 401.19 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.84 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.92 704.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 470.68 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.88 704.10 Td (DMD. ) Tj ET Q q 0 0 0 rg BT 508.44 704.10 Td (The ) Tj ET Q q 0 0 0 rg BT 525.86 704.10 Td (increases ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.42 692.10 Td (also ) Tj ET Q q 0 0 0 rg BT 90.02 692.10 Td (of) Tj ET Q q 0 0 0 rg BT 98.17 692.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 115.09 692.10 Td (by ) Tj ET Q q 0 0 0 rg BT 127.58 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.29 692.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 177.53 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.80 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.50 692.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 231.09 692.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 245.80 692.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 276.05 692.10 Td (from ) Tj ET Q q 0 0 0 rg BT 297.98 692.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 333.22 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.04 692.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 367.64 692.10 Td (options ) Tj ET Q q 0 0 0 rg BT 399.58 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.40 692.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 430.39 692.10 Td (million ) Tj ET Q q 0 0 0 rg BT 461.77 692.10 Td (as ) Tj ET Q q 0 0 0 rg BT 472.59 692.10 Td (well ) Tj ET Q q 0 0 0 rg BT 492.29 692.10 Td (as ) Tj ET Q q 0 0 0 rg BT 503.11 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.82 692.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 554.72 692.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 680.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 104.50 680.10 Td (for ) Tj ET Q q 0 0 0 rg BT 118.66 680.10 Td (uncollectible ) Tj ET Q q 0 0 0 rg BT 172.80 680.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 210.29 680.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 253.87 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.70 680.10 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 284.70 680.10 Td (million. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 663.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 95.13 663.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 133.32 663.70 Td (by ) Tj ET Q q 0 0 0 rg BT 145.95 663.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 186.35 663.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 225.08 663.70 Td (is ) Tj ET Q q 0 0 0 rg BT 234.38 663.70 Td (also ) Tj ET Q q 0 0 0 rg BT 253.13 663.70 Td (af) Tj ET Q q 0 0 0 rg BT 260.72 663.70 Td (fected ) Tj ET Q q 0 0 0 rg BT 287.77 663.70 Td (by ) Tj ET Q q 0 0 0 rg BT 300.41 663.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 335.25 663.70 Td (in ) Tj ET Q q 0 0 0 rg BT 345.66 663.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 386.06 663.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 412.02 663.70 Td (and ) Tj ET Q q 0 0 0 rg BT 429.10 663.70 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 471.45 663.70 Td (which ) Tj ET Q q 0 0 0 rg BT 498.52 663.70 Td (resulted ) Tj ET Q q 0 0 0 rg BT 532.81 663.70 Td (in ) Tj ET Q q 0 0 0 rg BT 543.22 663.70 Td (a ) Tj ET Q q 0 0 0 rg BT 550.30 663.70 Td (net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 651.70 Td (decrease ) Tj ET Q q 0 0 0 rg BT 86.64 651.70 Td (of ) Tj ET Q q 0 0 0 rg BT 97.69 651.70 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 117.92 651.70 Td (million ) Tj ET Q q 0 0 0 rg BT 149.53 651.70 Td (to ) Tj ET Q q 0 0 0 rg BT 160.03 651.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 200.52 651.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 221.01 651.70 Td (flows ) Tj ET Q q 0 0 0 rg BT 245.96 651.70 Td (in ) Tj ET Q q 0 0 0 rg BT 256.46 651.70 Td (the ) Tj ET Q q 0 0 0 rg BT 271.40 651.70 Td (year ) Tj ET Q q 0 0 0 rg BT 291.33 651.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 317.93 651.70 Td (December ) Tj ET Q q 0 0 0 rg BT 361.74 651.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 376.96 651.70 Td (2012 ) Tj ET Q q 0 0 0 rg BT 399.69 651.70 Td (as ) Tj ET Q q 0 0 0 rg BT 410.74 651.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 452.89 651.70 Td (to ) Tj ET Q q 0 0 0 rg BT 463.39 651.70 Td (the ) Tj ET Q q 0 0 0 rg BT 478.33 651.70 Td (same ) Tj ET Q q 0 0 0 rg BT 501.60 651.70 Td (period ) Tj ET Q q 0 0 0 rg BT 529.87 651.70 Td (in ) Tj ET Q q 0 0 0 rg BT 540.37 651.70 Td (201) Tj ET Q q 0 0 0 rg BT 555.00 651.70 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 639.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.74 639.70 Td (net ) Tj ET Q q 0 0 0 rg BT 82.64 639.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 120.31 639.70 Td (receivable ) Tj ET Q q 0 0 0 rg BT 164.08 639.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 197.30 639.70 Td (fluctuates ) Tj ET Q q 0 0 0 rg BT 238.86 639.70 Td (from ) Tj ET Q q 0 0 0 rg BT 260.98 639.70 Td (period ) Tj ET Q q 0 0 0 rg BT 289.22 639.70 Td (to ) Tj ET Q q 0 0 0 rg BT 299.68 639.70 Td (period, ) Tj ET Q q 0 0 0 rg BT 330.42 639.70 Td (depending ) Tj ET Q q 0 0 0 rg BT 374.76 639.70 Td (on ) Tj ET Q q 0 0 0 rg BT 387.45 639.70 Td (the ) Tj ET Q q 0 0 0 rg BT 402.35 639.70 Td (timing ) Tj ET Q q 0 0 0 rg BT 431.15 639.70 Td (of ) Tj ET Q q 0 0 0 rg BT 442.17 639.70 Td (sales ) Tj ET Q q 0 0 0 rg BT 464.29 639.70 Td (and ) Tj ET Q q 0 0 0 rg BT 481.42 639.70 Td (billing ) Tj ET Q q 0 0 0 rg BT 510.22 639.70 Td (activity) Tj ET Q q 0 0 0 rg BT 539.56 639.70 Td (, ) Tj ET Q q 0 0 0 rg BT 544.75 639.70 Td (cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 627.70 Td (collections ) Tj ET Q q 0 0 0 rg BT 96.03 627.70 Td (and ) Tj ET Q q 0 0 0 rg BT 113.68 627.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 149.10 627.70 Td (to ) Tj ET Q q 0 0 0 rg BT 160.09 627.70 Td (our ) Tj ET Q q 0 0 0 rg BT 176.63 627.70 Td (allowance ) Tj ET Q q 0 0 0 rg BT 220.38 627.70 Td (for ) Tj ET Q q 0 0 0 rg BT 235.25 627.70 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 272.35 627.70 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 312.81 627.70 Td (The ) Tj ET Q q 0 0 0 rg BT 331.57 627.70 Td (change ) Tj ET Q q 0 0 0 rg BT 363.10 627.70 Td (in ) Tj ET Q q 0 0 0 rg BT 374.09 627.70 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 407.29 627.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 446.60 627.70 Td (was ) Tj ET Q q 0 0 0 rg BT 465.36 627.70 Td (due ) Tj ET Q q 0 0 0 rg BT 483.01 627.70 Td (to ) Tj ET Q q 0 0 0 rg BT 494.00 627.70 Td (the ) Tj ET Q q 0 0 0 rg BT 509.43 627.70 Td (timing ) Tj ET Q q 0 0 0 rg BT 538.76 627.70 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 627.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 615.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 86.17 615.70 Td (for ) Tj ET Q q 0 0 0 rg BT 100.06 615.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 140.60 615.70 Td (renewals, ) Tj ET Q q 0 0 0 rg BT 180.87 615.70 Td (computer ) Tj ET Q q 0 0 0 rg BT 220.87 615.70 Td (software ) Tj ET Q q 0 0 0 rg BT 257.53 615.70 Td (licenses ) Tj ET Q q 0 0 0 rg BT 291.41 615.70 Td (and ) Tj ET Q q 0 0 0 rg BT 308.08 615.70 Td (computer ) Tj ET Q q 0 0 0 rg BT 348.08 615.70 Td (equipment ) Tj ET Q q 0 0 0 rg BT 392.52 615.70 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 445.28 615.70 Td (contracts ) Tj ET Q q 0 0 0 rg BT 483.61 615.70 Td (as ) Tj ET Q q 0 0 0 rg BT 494.17 615.70 Td (well ) Tj ET Q q 0 0 0 rg BT 513.62 615.70 Td (as ) Tj ET Q q 0 0 0 rg BT 524.18 615.70 Td (payments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 603.70 Td (for ) Tj ET Q q 0 0 0 rg BT 63.09 603.70 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 95.01 603.70 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 147.47 603.70 Td (related ) Tj ET Q q 0 0 0 rg BT 176.61 603.70 Td (to ) Tj ET Q q 0 0 0 rg BT 186.32 603.70 Td (computer ) Tj ET Q q 0 0 0 rg BT 226.01 603.70 Td (hardware ) Tj ET Q q 0 0 0 rg BT 265.14 603.70 Td (purchased ) Tj ET Q q 0 0 0 rg BT 307.61 603.70 Td (for ) Tj ET Q q 0 0 0 rg BT 321.21 603.70 Td (our ) Tj ET Q q 0 0 0 rg BT 336.47 603.70 Td (data ) Tj ET Q q 0 0 0 rg BT 355.06 603.70 Td (centers. ) Tj ET Q q 0 0 0 rg BT 387.66 603.70 Td (The ) Tj ET Q q 0 0 0 rg BT 405.14 603.70 Td (change ) Tj ET Q q 0 0 0 rg BT 435.39 603.70 Td (in ) Tj ET Q q 0 0 0 rg BT 445.10 603.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 482.02 603.70 Td (payable ) Tj ET Q q 0 0 0 rg BT 515.05 603.70 Td (and ) Tj ET Q q 0 0 0 rg BT 531.42 603.70 Td (accrued ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 591.70 Td (and ) Tj ET Q q 0 0 0 rg BT 66.53 591.70 Td (other ) Tj ET Q q 0 0 0 rg BT 89.67 591.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 129.48 591.70 Td (was ) Tj ET Q q 0 0 0 rg BT 147.62 591.70 Td (due ) Tj ET Q q 0 0 0 rg BT 164.65 591.70 Td (to ) Tj ET Q q 0 0 0 rg BT 175.02 591.70 Td (the ) Tj ET Q q 0 0 0 rg BT 189.83 591.70 Td (timing ) Tj ET Q q 0 0 0 rg BT 218.54 591.70 Td (of ) Tj ET Q q 0 0 0 rg BT 229.46 591.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 272.04 591.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 311.85 591.70 Td (and ) Tj ET Q q 0 0 0 rg BT 328.88 591.70 Td (specifically) Tj ET Q q 0 0 0 rg BT 374.32 591.70 Td (, ) Tj ET Q q 0 0 0 rg BT 379.41 591.70 Td (to ) Tj ET Q q 0 0 0 rg BT 389.78 591.70 Td (the ) Tj ET Q q 0 0 0 rg BT 404.59 591.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 441.61 591.70 Td (of ) Tj ET Q q 0 0 0 rg BT 452.54 591.70 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 487.35 591.70 Td (to ) Tj ET Q q 0 0 0 rg BT 497.72 591.70 Td (employees ) Tj ET Q q 0 0 0 rg BT 543.07 591.70 Td (prior ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 579.70 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 579.70 Td (December ) Tj ET Q q 0 0 0 rg BT 103.36 579.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 118.36 579.70 Td (2012.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 553.70 Td (Investing ) Tj ET Q q 0 0 0 rg BT 100.47 553.70 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 536.70 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.53 536.70 Td (primary ) Tj ET Q q 0 0 0 rg BT 123.67 536.70 Td (investing ) Tj ET Q q 0 0 0 rg BT 161.81 536.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 199.39 536.70 Td (have ) Tj ET Q q 0 0 0 rg BT 219.75 536.70 Td (consisted ) Tj ET Q q 0 0 0 rg BT 258.45 536.70 Td (of ) Tj ET Q q 0 0 0 rg BT 268.26 536.70 Td (purchases ) Tj ET Q q 0 0 0 rg BT 309.17 536.70 Td (of ) Tj ET Q q 0 0 0 rg BT 318.98 536.70 Td (investments, ) Tj ET Q q 0 0 0 rg BT 370.74 536.70 Td (purchases ) Tj ET Q q 0 0 0 rg BT 411.65 536.70 Td (of ) Tj ET Q q 0 0 0 rg BT 421.46 536.70 Td (property ) Tj ET Q q 0 0 0 rg BT 456.81 536.70 Td (and ) Tj ET Q q 0 0 0 rg BT 472.73 536.70 Td (equipment ) Tj ET Q q 0 0 0 rg BT 516.43 536.70 Td (specifically ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 524.70 Td (related ) Tj ET Q q 0 0 0 rg BT 79.34 524.70 Td (to ) Tj ET Q q 0 0 0 rg BT 89.75 524.70 Td (the ) Tj ET Q q 0 0 0 rg BT 104.61 524.70 Td (build ) Tj ET Q q 0 0 0 rg BT 127.80 524.70 Td (out ) Tj ET Q q 0 0 0 rg BT 143.22 524.70 Td (of ) Tj ET Q q 0 0 0 rg BT 154.18 524.70 Td (our ) Tj ET Q q 0 0 0 rg BT 170.15 524.70 Td (data ) Tj ET Q q 0 0 0 rg BT 189.44 524.70 Td (centers, ) Tj ET Q q 0 0 0 rg BT 222.89 524.70 Td (as ) Tj ET Q q 0 0 0 rg BT 233.86 524.70 Td (well ) Tj ET Q q 0 0 0 rg BT 253.71 524.70 Td (as ) Tj ET Q q 0 0 0 rg BT 264.68 524.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 305.64 524.70 Td (for ) Tj ET Q q 0 0 0 rg BT 319.94 524.70 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 372.85 524.70 Td (Purchases ) Tj ET Q q 0 0 0 rg BT 415.48 524.70 Td (of ) Tj ET Q q 0 0 0 rg BT 426.44 524.70 Td (property ) Tj ET Q q 0 0 0 rg BT 462.96 524.70 Td (and ) Tj ET Q q 0 0 0 rg BT 480.03 524.70 Td (equipment ) Tj ET Q q 0 0 0 rg BT 524.88 524.70 Td (may ) Tj ET Q q 0 0 0 rg BT 544.73 524.70 Td (vary ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 512.70 Td (from ) Tj ET Q q 0 0 0 rg BT 71.65 512.70 Td (period ) Tj ET Q q 0 0 0 rg BT 99.91 512.70 Td (to ) Tj ET Q q 0 0 0 rg BT 110.41 512.70 Td (period ) Tj ET Q q 0 0 0 rg BT 138.67 512.70 Td (due ) Tj ET Q q 0 0 0 rg BT 155.82 512.70 Td (to ) Tj ET Q q 0 0 0 rg BT 166.31 512.70 Td (the ) Tj ET Q q 0 0 0 rg BT 181.24 512.70 Td (timing ) Tj ET Q q 0 0 0 rg BT 210.07 512.70 Td (of ) Tj ET Q q 0 0 0 rg BT 221.11 512.70 Td (the ) Tj ET Q q 0 0 0 rg BT 236.04 512.70 Td (expansion ) Tj ET Q q 0 0 0 rg BT 279.30 512.70 Td (of ) Tj ET Q q 0 0 0 rg BT 290.35 512.70 Td (our ) Tj ET Q q 0 0 0 rg BT 306.39 512.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 350.76 512.70 Td (and ) Tj ET Q q 0 0 0 rg BT 367.91 512.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 397.83 512.70 Td (software ) Tj ET Q q 0 0 0 rg BT 434.97 512.70 Td (development ) Tj ET Q q 0 0 0 rg BT 489.34 512.70 Td (projects ) Tj ET Q q 0 0 0 rg BT 523.71 512.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.74 512.70 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 500.70 Td (capitalization. ) Tj ET Q q 0 0 0 rg BT 107.22 500.70 Td (W) Tj ET Q q 0 0 0 rg BT 115.86 500.70 Td (e ) Tj ET Q q 0 0 0 rg BT 121.76 500.70 Td (plan ) Tj ET Q q 0 0 0 rg BT 140.43 500.70 Td (to ) Tj ET Q q 0 0 0 rg BT 149.67 500.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 185.57 500.70 Td (to ) Tj ET Q q 0 0 0 rg BT 194.81 500.70 Td (invest ) Tj ET Q q 0 0 0 rg BT 220.16 500.70 Td (in ) Tj ET Q q 0 0 0 rg BT 229.40 500.70 Td (technology ) Tj ET Q q 0 0 0 rg BT 275.29 500.70 Td (hardware ) Tj ET Q q 0 0 0 rg BT 313.95 500.70 Td (and ) Tj ET Q q 0 0 0 rg BT 329.85 500.70 Td (software ) Tj ET Q q 0 0 0 rg BT 365.74 500.70 Td (to ) Tj ET Q q 0 0 0 rg BT 374.98 500.70 Td (support ) Tj ET Q q 0 0 0 rg BT 406.44 500.70 Td (our ) Tj ET Q q 0 0 0 rg BT 421.23 500.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 451.02 500.70 Td (and ) Tj ET Q q 0 0 0 rg BT 466.92 500.70 Td (corporate ) Tj ET Q q 0 0 0 rg BT 506.14 500.70 Td (infrastructure. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 488.70 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.40 488.70 Td (, ) Tj ET Q q 0 0 0 rg BT 104.40 488.70 Td (consistent ) Tj ET Q q 0 0 0 rg BT 146.90 488.70 Td (with ) Tj ET Q q 0 0 0 rg BT 167.18 488.70 Td (our ) Tj ET Q q 0 0 0 rg BT 183.01 488.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 229.39 488.70 Td (strategy) Tj ET Q q 0 0 0 rg BT 260.39 488.70 Td (, ) Tj ET Q q 0 0 0 rg BT 265.39 488.70 Td (we ) Tj ET Q q 0 0 0 rg BT 279.55 488.70 Td (intend ) Tj ET Q q 0 0 0 rg BT 307.05 488.70 Td (to ) Tj ET Q q 0 0 0 rg BT 317.33 488.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 354.26 488.70 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 391.76 488.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 434.25 488.70 Td (strategic ) Tj ET Q q 0 0 0 rg BT 470.62 488.70 Td (acquisitions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 471.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.19 471.70 Td (used ) Tj ET Q q 0 0 0 rg BT 117.21 471.70 Td (in ) Tj ET Q q 0 0 0 rg BT 127.68 471.70 Td (investing ) Tj ET Q q 0 0 0 rg BT 167.04 471.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 205.83 471.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.85 471.70 Td ($52.3 ) Tj ET Q q 0 0 0 rg BT 242.05 471.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.94 471.70 Td ( ) Tj ET Q q 0 0 0 rg BT 273.63 471.70 Td (for ) Tj ET Q q 0 0 0 rg BT 287.98 471.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.89 471.70 Td (year ) Tj ET Q q 0 0 0 rg BT 322.79 471.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 349.36 471.70 Td (December ) Tj ET Q q 0 0 0 rg BT 393.13 471.70 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.63 471.70 Td ( ) Tj ET Q q 0 0 0 rg BT 408.33 471.70 Td (2013 ) Tj ET Q q 0 0 0 rg BT 431.02 471.70 Td (was ) Tj ET Q q 0 0 0 rg BT 449.26 471.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 489.16 471.70 Td (the ) Tj ET Q q 0 0 0 rg BT 504.07 471.70 Td (result ) Tj ET Q q 0 0 0 rg BT 528.98 471.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.00 471.70 Td ($44.2 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 459.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 459.70 Td ( ) Tj ET Q q 0 0 0 rg BT 81.05 459.70 Td (in ) Tj ET Q q 0 0 0 rg BT 91.49 459.70 Td (net ) Tj ET Q q 0 0 0 rg BT 106.36 459.70 Td (purchases ) Tj ET Q q 0 0 0 rg BT 148.45 459.70 Td (of ) Tj ET Q q 0 0 0 rg BT 159.43 459.70 Td (investments, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.37 459.70 Td ($6.1 ) Tj ET Q q 0 0 0 rg BT 232.52 459.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.41 459.70 Td ( ) Tj ET Q q 0 0 0 rg BT 264.07 459.70 Td (for ) Tj ET Q q 0 0 0 rg BT 278.39 459.70 Td (purchases ) Tj ET Q q 0 0 0 rg BT 320.48 459.70 Td (of ) Tj ET Q q 0 0 0 rg BT 331.46 459.70 Td (property ) Tj ET Q q 0 0 0 rg BT 368.00 459.70 Td (and ) Tj ET Q q 0 0 0 rg BT 385.10 459.70 Td (equipment ) Tj ET Q q 0 0 0 rg BT 429.96 459.70 Td (mainly ) Tj ET Q q 0 0 0 rg BT 460.40 459.70 Td (for ) Tj ET Q q 0 0 0 rg BT 474.71 459.70 Td (our ) Tj ET Q q 0 0 0 rg BT 490.70 459.70 Td (data ) Tj ET Q q 0 0 0 rg BT 510.01 459.70 Td (centers ) Tj ET Q q 0 0 0 rg BT 540.99 459.70 Td (and ) Tj ET Q q 0 0 0 rg BT 558.08 459.70 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 447.70 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 69.40 447.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.29 447.70 Td ( ) Tj ET Q q 0 0 0 rg BT 100.69 447.70 Td (holdback ) Tj ET Q q 0 0 0 rg BT 139.75 447.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 176.58 447.70 Td (relating ) Tj ET Q q 0 0 0 rg BT 209.52 447.70 Td (to ) Tj ET Q q 0 0 0 rg BT 219.70 447.70 Td (the ) Tj ET Q q 0 0 0 rg BT 234.32 447.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 280.60 447.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.33 447.70 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.66 447.70 Td (. ) Tj ET Q q 0 0 0 rg BT 319.56 447.70 Td ( ) Tj ET Q q 0 0 0 rg BT 321.79 447.70 Td (This ) Tj ET Q q 0 0 0 rg BT 341.97 447.70 Td (was ) Tj ET Q q 0 0 0 rg BT 359.92 447.70 Td (partially ) Tj ET Q q 0 0 0 rg BT 395.64 447.70 Td (of) Tj ET Q q 0 0 0 rg BT 403.79 447.70 Td (fset ) Tj ET Q q 0 0 0 rg BT 420.63 447.70 Td (by ) Tj ET Q q 0 0 0 rg BT 433.03 447.70 Td (collections ) Tj ET Q q 0 0 0 rg BT 478.75 447.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.48 447.70 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 509.38 447.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.27 447.70 Td ( ) Tj ET Q q 0 0 0 rg BT 540.67 447.70 Td (on ) Tj ET Q q 0 0 0 rg BT 553.07 447.70 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 435.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.67 435.70 Td (note ) Tj ET Q q 0 0 0 rg BT 118.38 435.70 Td (receivable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 418.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.19 418.70 Td (used ) Tj ET Q q 0 0 0 rg BT 117.21 418.70 Td (in ) Tj ET Q q 0 0 0 rg BT 127.68 418.70 Td (investing ) Tj ET Q q 0 0 0 rg BT 167.04 418.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 205.83 418.70 Td (of ) Tj ET Q q 0 0 0 rg BT 216.85 418.70 Td ($69.1 ) Tj ET Q q 0 0 0 rg BT 242.05 418.70 Td (million ) Tj ET Q q 0 0 0 rg BT 273.63 418.70 Td (for ) Tj ET Q q 0 0 0 rg BT 287.98 418.70 Td (the ) Tj ET Q q 0 0 0 rg BT 302.89 418.70 Td (year ) Tj ET Q q 0 0 0 rg BT 322.79 418.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 349.36 418.70 Td (December ) Tj ET Q q 0 0 0 rg BT 393.13 418.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 408.33 418.70 Td (2012 ) Tj ET Q q 0 0 0 rg BT 431.02 418.70 Td (was ) Tj ET Q q 0 0 0 rg BT 449.26 418.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 489.16 418.70 Td (the ) Tj ET Q q 0 0 0 rg BT 504.07 418.70 Td (result ) Tj ET Q q 0 0 0 rg BT 528.98 418.70 Td (of ) Tj ET Q q 0 0 0 rg BT 540.00 418.70 Td ($58.1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 406.70 Td (million ) Tj ET Q q 0 0 0 rg BT 81.05 406.70 Td (in ) Tj ET Q q 0 0 0 rg BT 91.49 406.70 Td (net ) Tj ET Q q 0 0 0 rg BT 106.36 406.70 Td (purchases ) Tj ET Q q 0 0 0 rg BT 148.45 406.70 Td (of ) Tj ET Q q 0 0 0 rg BT 159.43 406.70 Td (investments, ) Tj ET Q q 0 0 0 rg BT 212.37 406.70 Td ($8.1 ) Tj ET Q q 0 0 0 rg BT 232.52 406.70 Td (million ) Tj ET Q q 0 0 0 rg BT 264.07 406.70 Td (for ) Tj ET Q q 0 0 0 rg BT 278.39 406.70 Td (purchases ) Tj ET Q q 0 0 0 rg BT 320.48 406.70 Td (of ) Tj ET Q q 0 0 0 rg BT 331.46 406.70 Td (property ) Tj ET Q q 0 0 0 rg BT 368.00 406.70 Td (and ) Tj ET Q q 0 0 0 rg BT 385.10 406.70 Td (equipment ) Tj ET Q q 0 0 0 rg BT 429.96 406.70 Td (mainly ) Tj ET Q q 0 0 0 rg BT 460.40 406.70 Td (for ) Tj ET Q q 0 0 0 rg BT 474.71 406.70 Td (our ) Tj ET Q q 0 0 0 rg BT 490.70 406.70 Td (data ) Tj ET Q q 0 0 0 rg BT 510.01 406.70 Td (centers ) Tj ET Q q 0 0 0 rg BT 540.99 406.70 Td (and ) Tj ET Q q 0 0 0 rg BT 558.08 406.70 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 394.70 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 69.50 394.70 Td (million ) Tj ET Q q 0 0 0 rg BT 100.89 394.70 Td (holdback ) Tj ET Q q 0 0 0 rg BT 140.05 394.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 176.98 394.70 Td (relating ) Tj ET Q q 0 0 0 rg BT 210.02 394.70 Td (to ) Tj ET Q q 0 0 0 rg BT 220.30 394.70 Td (the ) Tj ET Q q 0 0 0 rg BT 235.02 394.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 281.40 394.70 Td (of ) Tj ET Q q 0 0 0 rg BT 292.23 394.70 Td (DMD. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 377.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.21 377.70 Td (used ) Tj ET Q q 0 0 0 rg BT 117.25 377.70 Td (in ) Tj ET Q q 0 0 0 rg BT 127.74 377.70 Td (investing ) Tj ET Q q 0 0 0 rg BT 167.11 377.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 205.92 377.70 Td (of ) Tj ET Q q 0 0 0 rg BT 216.96 377.70 Td ($21.3 ) Tj ET Q q 0 0 0 rg BT 242.17 377.70 Td (million ) Tj ET Q q 0 0 0 rg BT 273.77 377.70 Td (for ) Tj ET Q q 0 0 0 rg BT 288.14 377.70 Td (the ) Tj ET Q q 0 0 0 rg BT 303.07 377.70 Td (year ) Tj ET Q q 0 0 0 rg BT 322.99 377.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 349.57 377.70 Td (December ) Tj ET Q q 0 0 0 rg BT 393.37 377.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 408.58 377.70 Td (201) Tj ET Q q 0 0 0 rg BT 423.21 377.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 430.92 377.70 Td (was ) Tj ET Q q 0 0 0 rg BT 449.18 377.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 489.10 377.70 Td (the ) Tj ET Q q 0 0 0 rg BT 504.03 377.70 Td (result ) Tj ET Q q 0 0 0 rg BT 528.95 377.70 Td (of ) Tj ET Q q 0 0 0 rg BT 539.99 377.70 Td ($18.2 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 365.70 Td (million ) Tj ET Q q 0 0 0 rg BT 81.30 365.70 Td (in ) Tj ET Q q 0 0 0 rg BT 92.00 365.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 112.68 365.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 153.91 365.70 Td (related ) Tj ET Q q 0 0 0 rg BT 184.03 365.70 Td (to ) Tj ET Q q 0 0 0 rg BT 194.72 365.70 Td (the ) Tj ET Q q 0 0 0 rg BT 209.85 365.70 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 260.54 365.70 Td (of ) Tj ET Q q 0 0 0 rg BT 271.78 365.70 Td (DMD ) Tj ET Q q 0 0 0 rg BT 298.03 365.70 Td (and ) Tj ET Q q 0 0 0 rg BT 315.38 365.70 Td (MPS ) Tj ET Q q 0 0 0 rg BT 338.30 365.70 Td (as ) Tj ET Q q 0 0 0 rg BT 349.55 365.70 Td (well ) Tj ET Q q 0 0 0 rg BT 369.68 365.70 Td (as ) Tj ET Q q 0 0 0 rg BT 380.92 365.70 Td (purchases ) Tj ET Q q 0 0 0 rg BT 423.26 365.70 Td (of ) Tj ET Q q 0 0 0 rg BT 434.50 365.70 Td (property ) Tj ET Q q 0 0 0 rg BT 471.29 365.70 Td (and ) Tj ET Q q 0 0 0 rg BT 488.64 365.70 Td (equipment ) Tj ET Q q 0 0 0 rg BT 533.77 365.70 Td (of ) Tj ET Q q 0 0 0 rg BT 545.01 365.70 Td ($3.7 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 353.70 Td (million ) Tj ET Q q 0 0 0 rg BT 80.89 353.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 120.60 353.70 Td (related ) Tj ET Q q 0 0 0 rg BT 150.31 353.70 Td (to ) Tj ET Q q 0 0 0 rg BT 160.58 353.70 Td (computer ) Tj ET Q q 0 0 0 rg BT 200.85 353.70 Td (equipment ) Tj ET Q q 0 0 0 rg BT 245.56 353.70 Td (and ) Tj ET Q q 0 0 0 rg BT 262.50 353.70 Td (software ) Tj ET Q q 0 0 0 rg BT 299.43 353.70 Td (to ) Tj ET Q q 0 0 0 rg BT 309.71 353.70 Td (support ) Tj ET Q q 0 0 0 rg BT 342.21 353.70 Td (the ) Tj ET Q q 0 0 0 rg BT 356.92 353.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 387.75 353.70 Td (of ) Tj ET Q q 0 0 0 rg BT 398.58 353.70 Td (our ) Tj ET Q q 0 0 0 rg BT 414.41 353.70 Td (business.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 327.70 Td (Financing ) Tj ET Q q 0 0 0 rg BT 104.92 327.70 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 310.70 Td (Financing ) Tj ET Q q 0 0 0 rg BT 115.78 310.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 154.16 310.70 Td (have ) Tj ET Q q 0 0 0 rg BT 175.32 310.70 Td (consisted ) Tj ET Q q 0 0 0 rg BT 214.81 310.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 254.31 310.70 Td (of ) Tj ET Q q 0 0 0 rg BT 264.92 310.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 302.74 310.70 Td (from ) Tj ET Q q 0 0 0 rg BT 324.46 310.70 Td (our ) Tj ET Q q 0 0 0 rg BT 340.07 310.70 Td (public ) Tj ET Q q 0 0 0 rg BT 367.35 310.70 Td (of) Tj ET Q q 0 0 0 rg BT 375.50 310.70 Td (ferings ) Tj ET Q q 0 0 0 rg BT 405.55 310.70 Td (of ) Tj ET Q q 0 0 0 rg BT 416.16 310.70 Td (common ) Tj ET Q q 0 0 0 rg BT 453.44 310.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 476.83 310.70 Td (in ) Tj ET Q q 0 0 0 rg BT 486.89 310.70 Td (201) Tj ET Q q 0 0 0 rg BT 501.52 310.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 508.80 310.70 Td (and ) Tj ET Q q 0 0 0 rg BT 525.52 310.70 Td (2012, ) Tj ET Q q 0 0 0 rg BT 550.30 310.70 Td (net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 298.70 Td (of ) Tj ET Q q 0 0 0 rg BT 60.76 298.70 Td (of) Tj ET Q q 0 0 0 rg BT 68.91 298.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 95.72 298.70 Td (costs. ) Tj ET Q q 0 0 0 rg BT 120.50 298.70 Td (Additional ) Tj ET Q q 0 0 0 rg BT 166.20 298.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 186.90 298.70 Td (has ) Tj ET Q q 0 0 0 rg BT 203.16 298.70 Td (been ) Tj ET Q q 0 0 0 rg BT 224.97 298.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 263.44 298.70 Td (from ) Tj ET Q q 0 0 0 rg BT 285.81 298.70 Td (the ) Tj ET Q q 0 0 0 rg BT 300.96 298.70 Td (exercise ) Tj ET Q q 0 0 0 rg BT 336.64 298.70 Td (of ) Tj ET Q q 0 0 0 rg BT 347.90 298.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 371.94 298.70 Td (options ) Tj ET Q q 0 0 0 rg BT 404.32 298.70 Td (as ) Tj ET Q q 0 0 0 rg BT 415.58 298.70 Td (well ) Tj ET Q q 0 0 0 rg BT 435.72 298.70 Td (as ) Tj ET Q q 0 0 0 rg BT 446.98 298.70 Td (from ) Tj ET Q q 0 0 0 rg BT 469.35 298.70 Td (the ) Tj ET Q q 0 0 0 rg BT 484.50 298.70 Td (ef) Tj ET Q q 0 0 0 rg BT 492.09 298.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 510.00 298.70 Td (of ) Tj ET Q q 0 0 0 rg BT 521.26 298.70 Td (excess ) Tj ET Q q 0 0 0 rg BT 550.29 298.70 Td (tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 286.70 Td (benefits ) Tj ET Q q 0 0 0 rg BT 83.66 286.70 Td (from ) Tj ET Q q 0 0 0 rg BT 105.59 286.70 Td (exercises ) Tj ET Q q 0 0 0 rg BT 144.74 286.70 Td (of ) Tj ET Q q 0 0 0 rg BT 155.57 286.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 179.18 286.70 Td (options.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 269.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.34 269.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 134.72 269.70 Td (by ) Tj ET Q q 0 0 0 rg BT 147.56 269.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 188.16 269.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 227.09 269.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.26 269.70 Td ($12.4 ) Tj ET Q q 0 0 0 rg BT 263.60 269.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.49 269.70 Td ( ) Tj ET Q q 0 0 0 rg BT 295.33 269.70 Td (for ) Tj ET Q q 0 0 0 rg BT 309.82 269.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.88 269.70 Td (year ) Tj ET Q q 0 0 0 rg BT 344.92 269.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 371.63 269.70 Td (December ) Tj ET Q q 0 0 0 rg BT 415.56 269.70 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.06 269.70 Td ( ) Tj ET Q q 0 0 0 rg BT 430.89 269.70 Td (2013 ) Tj ET Q q 0 0 0 rg BT 453.73 269.70 Td (consisted ) Tj ET Q q 0 0 0 rg BT 493.78 269.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 533.83 269.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.00 269.70 Td ($6.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 257.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 257.70 Td ( ) Tj ET Q q 0 0 0 rg BT 80.89 257.70 Td (in ) Tj ET Q q 0 0 0 rg BT 91.17 257.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 129.21 257.70 Td (from ) Tj ET Q q 0 0 0 rg BT 151.15 257.70 Td (the ) Tj ET Q q 0 0 0 rg BT 165.86 257.70 Td (exercise ) Tj ET Q q 0 0 0 rg BT 201.12 257.70 Td (of ) Tj ET Q q 0 0 0 rg BT 211.95 257.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 235.55 257.70 Td (options ) Tj ET Q q 0 0 0 rg BT 267.50 257.70 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.44 257.70 Td ($6.7 ) Tj ET Q q 0 0 0 rg BT 304.44 257.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.33 257.70 Td ( ) Tj ET Q q 0 0 0 rg BT 335.83 257.70 Td (in ) Tj ET Q q 0 0 0 rg BT 346.11 257.70 Td (excess ) Tj ET Q q 0 0 0 rg BT 374.71 257.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.43 257.70 Td (benefit ) Tj ET Q q 0 0 0 rg BT 419.69 257.70 Td (from ) Tj ET Q q 0 0 0 rg BT 441.63 257.70 Td (exercise ) Tj ET Q q 0 0 0 rg BT 476.88 257.70 Td (of ) Tj ET Q q 0 0 0 rg BT 487.71 257.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 511.32 257.70 Td (options.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 240.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.06 240.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 134.17 240.70 Td (by ) Tj ET Q q 0 0 0 rg BT 146.73 240.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 187.05 240.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 225.71 240.70 Td (of ) Tj ET Q q 0 0 0 rg BT 236.60 240.70 Td ($61.8 ) Tj ET Q q 0 0 0 rg BT 261.66 240.70 Td (million ) Tj ET Q q 0 0 0 rg BT 293.11 240.70 Td (for ) Tj ET Q q 0 0 0 rg BT 307.33 240.70 Td (the ) Tj ET Q q 0 0 0 rg BT 322.11 240.70 Td (year ) Tj ET Q q 0 0 0 rg BT 341.88 240.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 368.31 240.70 Td (December ) Tj ET Q q 0 0 0 rg BT 411.96 240.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 427.02 240.70 Td (2012 ) Tj ET Q q 0 0 0 rg BT 449.58 240.70 Td (consisted ) Tj ET Q q 0 0 0 rg BT 489.35 240.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 529.13 240.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.02 240.70 Td ($55.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 228.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 228.70 Td ( ) Tj ET Q q 0 0 0 rg BT 80.91 228.70 Td (in ) Tj ET Q q 0 0 0 rg BT 91.21 228.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 129.27 228.70 Td (from ) Tj ET Q q 0 0 0 rg BT 151.23 228.70 Td (our ) Tj ET Q q 0 0 0 rg BT 167.09 228.70 Td (follow-on ) Tj ET Q q 0 0 0 rg BT 209.05 228.70 Td (public ) Tj ET Q q 0 0 0 rg BT 236.56 228.70 Td (of) Tj ET Q q 0 0 0 rg BT 244.71 228.70 Td (fering, ) Tj ET Q q 0 0 0 rg BT 273.61 228.70 Td (net ) Tj ET Q q 0 0 0 rg BT 288.35 228.70 Td (of ) Tj ET Q q 0 0 0 rg BT 299.20 228.70 Td (of) Tj ET Q q 0 0 0 rg BT 307.35 228.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 333.75 228.70 Td (costs, ) Tj ET Q q 0 0 0 rg BT 358.77 228.70 Td ($4.3 ) Tj ET Q q 0 0 0 rg BT 378.79 228.70 Td (million ) Tj ET Q q 0 0 0 rg BT 410.21 228.70 Td (in ) Tj ET Q q 0 0 0 rg BT 420.51 228.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 458.57 228.70 Td (from ) Tj ET Q q 0 0 0 rg BT 480.53 228.70 Td (the ) Tj ET Q q 0 0 0 rg BT 495.27 228.70 Td (exercise ) Tj ET Q q 0 0 0 rg BT 530.54 228.70 Td (of ) Tj ET Q q 0 0 0 rg BT 541.39 228.70 Td (stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 216.70 Td (options ) Tj ET Q q 0 0 0 rg BT 81.45 216.70 Td (and ) Tj ET Q q 0 0 0 rg BT 98.39 216.70 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 118.39 216.70 Td (million ) Tj ET Q q 0 0 0 rg BT 149.78 216.70 Td (in ) Tj ET Q q 0 0 0 rg BT 160.06 216.70 Td (excess ) Tj ET Q q 0 0 0 rg BT 188.66 216.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 203.37 216.70 Td (benefit ) Tj ET Q q 0 0 0 rg BT 233.64 216.70 Td (from ) Tj ET Q q 0 0 0 rg BT 255.57 216.70 Td (exercise ) Tj ET Q q 0 0 0 rg BT 290.83 216.70 Td (of ) Tj ET Q q 0 0 0 rg BT 301.66 216.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 325.27 216.70 Td (options. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 199.70 Td (Cash ) Tj ET Q q 0 0 0 rg BT 96.08 199.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 134.21 199.70 Td (by ) Tj ET Q q 0 0 0 rg BT 146.79 199.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 187.13 199.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 225.81 199.70 Td (of ) Tj ET Q q 0 0 0 rg BT 236.72 199.70 Td ($24.3 ) Tj ET Q q 0 0 0 rg BT 261.80 199.70 Td (million ) Tj ET Q q 0 0 0 rg BT 293.28 199.70 Td (for ) Tj ET Q q 0 0 0 rg BT 307.52 199.70 Td (the ) Tj ET Q q 0 0 0 rg BT 322.31 199.70 Td (year ) Tj ET Q q 0 0 0 rg BT 342.10 199.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 368.56 199.70 Td (December ) Tj ET Q q 0 0 0 rg BT 412.22 199.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 427.30 199.70 Td (201) Tj ET Q q 0 0 0 rg BT 441.93 199.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 449.51 199.70 Td (consisted ) Tj ET Q q 0 0 0 rg BT 489.31 199.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 529.10 199.70 Td (of ) Tj ET Q q 0 0 0 rg BT 540.01 199.70 Td ($23.1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 187.70 Td (million ) Tj ET Q q 0 0 0 rg BT 80.87 187.70 Td (in ) Tj ET Q q 0 0 0 rg BT 91.13 187.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 129.15 187.70 Td (from ) Tj ET Q q 0 0 0 rg BT 151.07 187.70 Td (our ) Tj ET Q q 0 0 0 rg BT 166.89 187.70 Td (initial ) Tj ET Q q 0 0 0 rg BT 192.70 187.70 Td (public ) Tj ET Q q 0 0 0 rg BT 220.17 187.70 Td (of) Tj ET Q q 0 0 0 rg BT 228.32 187.70 Td (fering, ) Tj ET Q q 0 0 0 rg BT 257.18 187.70 Td (net ) Tj ET Q q 0 0 0 rg BT 271.88 187.70 Td (of ) Tj ET Q q 0 0 0 rg BT 282.69 187.70 Td (of) Tj ET Q q 0 0 0 rg BT 290.84 187.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 317.20 187.70 Td (costs, ) Tj ET Q q 0 0 0 rg BT 342.18 187.70 Td (and ) Tj ET Q q 0 0 0 rg BT 359.10 187.70 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 379.09 187.70 Td (million ) Tj ET Q q 0 0 0 rg BT 410.46 187.70 Td (in ) Tj ET Q q 0 0 0 rg BT 420.72 187.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 458.74 187.70 Td (from ) Tj ET Q q 0 0 0 rg BT 480.66 187.70 Td (the ) Tj ET Q q 0 0 0 rg BT 495.36 187.70 Td (exercise ) Tj ET Q q 0 0 0 rg BT 530.59 187.70 Td (of ) Tj ET Q q 0 0 0 rg BT 541.41 187.70 Td (stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 175.70 Td (options.) 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Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (44) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 103.66 740.25 Td (Obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 723.85 Td (As ) Tj ET Q q 0 0 0 rg BT 86.11 723.85 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.94 723.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.53 723.85 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.53 723.85 Td (, ) Tj ET Q q 0 0 0 rg BT 180.53 723.85 Td (our ) Tj ET Q q 0 0 0 rg BT 196.36 723.85 Td (contractual ) Tj ET Q q 0 0 0 rg BT 243.28 723.85 Td (payment ) Tj ET Q q 0 0 0 rg BT 280.21 723.85 Td (obligations ) Tj ET Q q 0 0 0 rg BT 327.15 723.85 Td (are ) Tj ET Q q 0 0 0 rg BT 341.86 723.85 Td (as ) Tj ET Q q 0 0 0 rg BT 352.69 723.85 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 658.35 287.00 -15.00 re f /GS0 gs 0.8 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0 i [] 0 d 0 J 0 j 3 M 447 698.35 m 453 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 698.35 m 505 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 698.35 m 511 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 698.35 m 563 698.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 673.35 m 389 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389 673.35 m 395 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 673.35 m 447 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 673.35 m 453 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 673.35 m 505 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 673.35 m 511 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 673.35 m 563 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 598.35 m 447 598.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 598.35 m 505 598.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 598.35 m 389 598.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 584.35 m 389 584.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 582.35 m 389 582.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 598.35 m 447 598.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 584.35 m 447 584.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 582.35 m 447 582.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 598.35 m 505 598.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 584.35 m 505 584.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 582.35 m 505 582.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 598.35 m 563 598.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 584.35 m 563 584.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 582.35 m 563 582.35 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 703.02 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.90 703.03 Td (Payment due by period \(as of December31, 2012\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 678.02 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.55 678.03 Td (Total) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.05 688.03 Td (Lessthan) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.15 678.03 Td ( 1 year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.80 688.03 Td (1-3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.85 678.03 Td ( years) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 513.95 688.03 Td (Morethan) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 520.10 678.03 Td ( 3 years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 663.02 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 419.05 663.03 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 648.02 Td (Acquisition holdback, net of discounts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.50 648.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.65 648.02 Td (1,965) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.50 648.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.50 648.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 648.02 Td (1,965) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 648.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 648.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.15 648.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.50 648.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.50 648.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 648.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 633.02 Td (Capital lease obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.65 633.02 Td (1,036) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.50 633.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 633.02 Td (1,036) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 633.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.15 633.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.50 633.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 633.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 618.02 Td (Operating lease obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.65 618.02 Td (3,026) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.50 618.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 618.02 Td (1,834) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 618.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.15 618.02 Td (842) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.50 618.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 618.02 Td (350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 603.02 Td (Purchase obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.65 603.02 Td (3,160) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 603.02 Td (1,267) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 603.02 Td (1,893) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 603.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 588.02 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.50 588.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.65 588.02 Td (9,187) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.50 588.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.50 588.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 588.02 Td (6,102) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 588.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 588.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 588.02 Td (2,735) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.50 588.02 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.50 588.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 588.02 Td (350) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 561.95 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 121.42 561.95 Td (holdback, ) Tj ET Q q 0 0 0 rg BT 162.83 561.95 Td (net ) Tj ET Q q 0 0 0 rg BT 177.30 561.95 Td (of ) Tj ET Q q 0 0 0 rg BT 187.88 561.95 Td (discounts ) Tj ET Q q 0 0 0 rg BT 227.91 561.95 Td (is ) Tj ET Q q 0 0 0 rg BT 236.84 561.95 Td (related ) Tj ET Q q 0 0 0 rg BT 266.29 561.95 Td (to ) Tj ET Q q 0 0 0 rg BT 276.32 561.95 Td (the ) Tj ET Q q 0 0 0 rg BT 290.79 561.95 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 336.93 561.95 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.51 561.95 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.85 561.95 Td (. ) Tj ET Q q 0 0 0 rg BT 375.60 561.95 Td (See ) Tj ET Q q 0 0 0 rg BT 392.29 561.95 Td (Notes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.88 561.95 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.88 561.95 Td ( ) Tj ET Q q 0 0 0 rg BT 425.13 561.95 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.82 561.95 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.82 561.95 Td ( ) Tj ET Q q 0 0 0 rg BT 449.07 561.95 Td (of ) Tj ET Q q 0 0 0 rg BT 459.66 561.95 Td (the ) Tj ET Q q 0 0 0 rg BT 474.13 561.95 Td (Notes ) Tj ET Q q 0 0 0 rg BT 499.71 561.95 Td (to ) Tj ET Q q 0 0 0 rg BT 509.74 561.95 Td (Consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 549.95 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.21 549.95 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 528.05 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 110.87 528.05 Td (obligations ) Tj ET Q q 0 0 0 rg BT 157.58 528.05 Td (are ) Tj ET Q q 0 0 0 rg BT 172.05 528.05 Td (associated ) Tj ET Q q 0 0 0 rg BT 215.42 528.05 Td (with ) Tj ET Q q 0 0 0 rg BT 235.46 528.05 Td (agreements ) Tj ET Q q 0 0 0 rg BT 283.26 528.05 Td (that ) Tj ET Q q 0 0 0 rg BT 300.52 528.05 Td (are ) Tj ET Q q 0 0 0 rg BT 315.00 528.05 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 363.90 528.05 Td (and ) Tj ET Q q 0 0 0 rg BT 380.61 528.05 Td (legally ) Tj ET Q q 0 0 0 rg BT 410.09 528.05 Td (binding ) Tj ET Q q 0 0 0 rg BT 442.91 528.05 Td (and ) Tj ET Q q 0 0 0 rg BT 459.62 528.05 Td (that ) Tj ET Q q 0 0 0 rg BT 476.88 528.05 Td (specify ) Tj ET Q q 0 0 0 rg BT 508.02 528.05 Td (all ) Tj ET Q q 0 0 0 rg BT 520.29 528.05 Td (significant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 516.05 Td (terms, ) Tj ET Q q 0 0 0 rg BT 76.43 516.05 Td (including: ) Tj ET Q q 0 0 0 rg BT 119.19 516.05 Td (fixed ) Tj ET Q q 0 0 0 rg BT 141.95 516.05 Td (or ) Tj ET Q q 0 0 0 rg BT 152.49 516.05 Td (minimum ) Tj ET Q q 0 0 0 rg BT 193.59 516.05 Td (services ) Tj ET Q q 0 0 0 rg BT 228.01 516.05 Td (to ) Tj ET Q q 0 0 0 rg BT 238.00 516.05 Td (be ) Tj ET Q q 0 0 0 rg BT 249.65 516.05 Td (used; ) Tj ET Q q 0 0 0 rg BT 272.97 516.05 Td (fixed, ) Tj ET Q q 0 0 0 rg BT 298.23 516.05 Td (minimum ) Tj ET Q q 0 0 0 rg BT 339.33 516.05 Td (or ) Tj ET Q q 0 0 0 rg BT 349.87 516.05 Td (variable ) Tj ET Q q 0 0 0 rg BT 384.28 516.05 Td (price ) Tj ET Q q 0 0 0 rg BT 406.48 516.05 Td (provisions; ) Tj ET Q q 0 0 0 rg BT 453.14 516.05 Td (and ) Tj ET Q q 0 0 0 rg BT 469.79 516.05 Td (the ) Tj ET Q q 0 0 0 rg BT 484.21 516.05 Td (approximate ) Tj ET Q q 0 0 0 rg BT 536.41 516.05 Td (timing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 504.05 Td (of ) Tj ET Q q 0 0 0 rg BT 59.96 504.05 Td (the ) Tj ET Q q 0 0 0 rg BT 74.31 504.05 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 122.81 504.05 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 171.61 504.05 Td (under ) Tj ET Q q 0 0 0 rg BT 196.51 504.05 Td (contracts ) Tj ET Q q 0 0 0 rg BT 234.73 504.05 Td (that ) Tj ET Q q 0 0 0 rg BT 251.86 504.05 Td (we ) Tj ET Q q 0 0 0 rg BT 265.65 504.05 Td (can ) Tj ET Q q 0 0 0 rg BT 281.66 504.05 Td (cancel ) Tj ET Q q 0 0 0 rg BT 309.32 504.05 Td (without ) Tj ET Q q 0 0 0 rg BT 342.01 504.05 Td (a ) Tj ET Q q 0 0 0 rg BT 348.58 504.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 392.93 504.05 Td (penalty ) Tj ET Q q 0 0 0 rg BT 424.49 504.05 Td (are ) Tj ET Q q 0 0 0 rg BT 438.83 504.05 Td (not ) Tj ET Q q 0 0 0 rg BT 453.74 504.05 Td (included ) Tj ET Q q 0 0 0 rg BT 490.30 504.05 Td (in ) Tj ET Q q 0 0 0 rg BT 500.21 504.05 Td (the ) Tj ET Q q 0 0 0 rg BT 514.56 504.05 Td (table ) Tj ET Q q 0 0 0 rg BT 536.13 504.05 Td (above. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 492.05 Td (See ) Tj ET Q q 0 0 0 rg BT 66.44 492.05 Td (Note ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.38 492.05 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.38 492.05 Td ( ) Tj ET Q q 0 0 0 rg BT 95.88 492.05 Td (of ) Tj ET Q q 0 0 0 rg BT 106.71 492.05 Td (the ) Tj ET Q q 0 0 0 rg BT 121.42 492.05 Td (Notes ) Tj ET Q q 0 0 0 rg BT 147.25 492.05 Td (to ) Tj ET Q q 0 0 0 rg BT 157.53 492.05 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 212.81 492.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 252.52 492.05 Td (Statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 465.75 Td (Recent ) Tj ET Q q 0 0 0 rg BT 80.88 465.75 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 142.63 465.75 Td (onouncements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 449.35 Td (See ) Tj ET Q q 0 0 0 rg BT 89.64 449.35 Td (Note ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.79 449.35 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.79 449.35 Td ( ) Tj ET Q q 0 0 0 rg BT 119.49 449.35 Td (of ) Tj ET Q q 0 0 0 rg BT 130.52 449.35 Td (the ) Tj ET Q q 0 0 0 rg BT 145.44 449.35 Td (Notes ) Tj ET Q q 0 0 0 rg BT 171.48 449.35 Td (to ) Tj ET Q q 0 0 0 rg BT 181.96 449.35 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 237.44 449.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 277.35 449.35 Td (Statements ) Tj ET Q q 0 0 0 rg BT 323.94 449.35 Td (for ) Tj ET Q q 0 0 0 rg BT 338.30 449.35 Td (a ) Tj ET Q q 0 0 0 rg BT 345.45 449.35 Td (full ) Tj ET Q q 0 0 0 rg BT 362.04 449.35 Td (description ) Tj ET Q q 0 0 0 rg BT 409.18 449.35 Td (of ) Tj ET Q q 0 0 0 rg BT 420.21 449.35 Td (recent ) Tj ET Q q 0 0 0 rg BT 447.34 449.35 Td (accounting ) Tj ET Q q 0 0 0 rg BT 493.91 449.35 Td (pronouncements, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 437.35 Td (including ) Tj ET Q q 0 0 0 rg BT 88.77 437.35 Td (the ) Tj ET Q q 0 0 0 rg BT 102.49 437.35 Td (expected ) Tj ET Q q 0 0 0 rg BT 139.52 437.35 Td (dates ) Tj ET Q q 0 0 0 rg BT 161.56 437.35 Td (of ) Tj ET Q q 0 0 0 rg BT 171.39 437.35 Td (adoption ) Tj ET Q q 0 0 0 rg BT 207.88 437.35 Td (and ) Tj ET Q q 0 0 0 rg BT 223.82 437.35 Td (estimated ) Tj ET Q q 0 0 0 rg BT 263.64 437.35 Td (ef) Tj ET Q q 0 0 0 rg BT 271.23 437.35 Td (fects ) Tj ET Q q 0 0 0 rg BT 291.60 437.35 Td (on ) Tj ET Q q 0 0 0 rg BT 303.10 437.35 Td (results ) Tj ET Q q 0 0 0 rg BT 330.71 437.35 Td (of ) Tj ET Q q 0 0 0 rg BT 340.53 437.35 Td (operations ) Tj ET Q q 0 0 0 rg BT 383.69 437.35 Td (and ) Tj ET Q q 0 0 0 rg BT 399.62 437.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 436.10 437.35 Td (condition, ) Tj ET Q q 0 0 0 rg BT 477.87 437.35 Td (which ) Tj ET Q q 0 0 0 rg BT 503.81 437.35 Td (is ) Tj ET Q q 0 0 0 rg BT 511.98 437.35 Td (incorporated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 425.35 Td (herein ) Tj ET Q q 0 0 0 rg BT 76.99 425.35 Td (by ) Tj ET Q q 0 0 0 rg BT 89.49 425.35 Td (reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 391.58 Td (ITEM7A.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 391.58 Td (QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 369.35 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 369.35 Td (e ) Tj ET Q q 0 0 0 rg BT 89.15 369.35 Td (are ) Tj ET Q q 0 0 0 rg BT 103.93 369.35 Td (exposed ) Tj ET Q q 0 0 0 rg BT 139.28 369.35 Td (to ) Tj ET Q q 0 0 0 rg BT 149.63 369.35 Td (market ) Tj ET Q q 0 0 0 rg BT 179.97 369.35 Td (risks ) Tj ET Q q 0 0 0 rg BT 201.44 369.35 Td (in ) Tj ET Q q 0 0 0 rg BT 211.79 369.35 Td (the ) Tj ET Q q 0 0 0 rg BT 226.59 369.35 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 263.04 369.35 Td (course ) Tj ET Q q 0 0 0 rg BT 291.71 369.35 Td (of ) Tj ET Q q 0 0 0 rg BT 302.62 369.35 Td (our ) Tj ET Q q 0 0 0 rg BT 318.52 369.35 Td (business. ) Tj ET Q q 0 0 0 rg BT 357.31 369.35 Td (These ) Tj ET Q q 0 0 0 rg BT 383.76 369.35 Td (risks ) Tj ET Q q 0 0 0 rg BT 405.23 369.35 Td (primarily ) Tj ET Q q 0 0 0 rg BT 445.01 369.35 Td (include ) Tj ET Q q 0 0 0 rg BT 477.02 369.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 509.03 369.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 526.59 369.35 Td (risks ) Tj ET Q q 0 0 0 rg BT 548.06 369.35 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 357.35 Td (inflation.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 61.50 331.35 Td (Inter) Tj ET Q q 0 0 0 rg BT 80.57 331.35 Td (est ) Tj ET Q q 0 0 0 rg BT 94.18 331.35 Td (Rate ) Tj ET Q q 0 0 0 rg BT 115.00 331.35 Td (Fluctuation ) Tj ET Q q 0 0 0 rg BT 164.16 331.35 Td (Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 314.35 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 314.35 Td (e ) Tj ET Q q 0 0 0 rg BT 89.08 314.35 Td (do ) Tj ET Q q 0 0 0 rg BT 101.58 314.35 Td (not ) Tj ET Q q 0 0 0 rg BT 116.85 314.35 Td (have ) Tj ET Q q 0 0 0 rg BT 138.23 314.35 Td (any ) Tj ET Q q 0 0 0 rg BT 155.17 314.35 Td (long-term ) Tj ET Q q 0 0 0 rg BT 197.10 314.35 Td (borrowings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 293.35 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.40 293.35 Td (investments ) Tj ET Q q 0 0 0 rg BT 139.52 293.35 Td (include ) Tj ET Q q 0 0 0 rg BT 170.30 293.35 Td (cash, ) Tj ET Q q 0 0 0 rg BT 191.91 293.35 Td (cash ) Tj ET Q q 0 0 0 rg BT 211.03 293.35 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 257.92 293.35 Td (and ) Tj ET Q q 0 0 0 rg BT 273.70 293.35 Td (both ) Tj ET Q q 0 0 0 rg BT 292.83 293.35 Td (short ) Tj ET Q q 0 0 0 rg BT 314.17 293.35 Td (and ) Tj ET Q q 0 0 0 rg BT 329.96 293.35 Td (long-term ) Tj ET Q q 0 0 0 rg BT 370.74 293.35 Td (investments ) Tj ET Q q 0 0 0 rg BT 419.86 293.35 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.98 293.35 Td (investment-grade ) Tj ET Q q 0 0 0 rg BT 529.75 293.35 Td (interest-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 281.35 Td (bearing ) Tj ET Q q 0 0 0 rg BT 82.98 281.35 Td (securities ) Tj ET Q q 0 0 0 rg BT 124.25 281.35 Td (such ) Tj ET Q q 0 0 0 rg BT 146.07 281.35 Td (as ) Tj ET Q q 0 0 0 rg BT 157.90 281.35 Td (money ) Tj ET Q q 0 0 0 rg BT 188.62 281.35 Td (market ) Tj ET Q q 0 0 0 rg BT 219.88 281.35 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 260.86 281.35 Td (certificates ) Tj ET Q q 0 0 0 rg BT 308.22 281.35 Td (of ) Tj ET Q q 0 0 0 rg BT 320.05 281.35 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 354.93 281.35 Td (commercial ) Tj ET Q q 0 0 0 rg BT 405.63 281.35 Td (paper) Tj ET Q q 0 0 0 rg BT 427.44 281.35 Td (, ) Tj ET Q q 0 0 0 rg BT 433.44 281.35 Td (corporate ) Tj ET Q q 0 0 0 rg BT 474.69 281.35 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 504.58 281.35 Td (municipal ) Tj ET Q q 0 0 0 rg BT 548.07 281.35 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 269.35 Td (government ) Tj ET Q q 0 0 0 rg BT 100.73 269.35 Td (agency ) Tj ET Q q 0 0 0 rg BT 132.51 269.35 Td (obligations ) Tj ET Q q 0 0 0 rg BT 180.42 269.35 Td (and ) Tj ET Q q 0 0 0 rg BT 198.33 269.35 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 245.66 269.35 Td (obligations ) Tj ET Q q 0 0 0 rg BT 293.57 269.35 Td (of ) Tj ET Q q 0 0 0 rg BT 305.36 269.35 Td (the ) Tj ET Q q 0 0 0 rg BT 321.05 269.35 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 342.30 269.35 Td (government) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.06 269.35 Td (. ) Tj ET Q q 0 0 0 rg BT 395.78 269.35 Td (The ) Tj ET Q q 0 0 0 rg BT 414.79 269.35 Td (primary ) Tj ET Q q 0 0 0 rg BT 449.91 269.35 Td (objective ) Tj ET Q q 0 0 0 rg BT 490.03 269.35 Td (of ) Tj ET Q q 0 0 0 rg BT 501.83 269.35 Td (our ) Tj ET Q q 0 0 0 rg BT 518.62 269.35 Td (investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 257.35 Td (activities ) Tj ET Q q 0 0 0 rg BT 87.69 257.35 Td (is ) Tj ET Q q 0 0 0 rg BT 96.44 257.35 Td (to ) Tj ET Q q 0 0 0 rg BT 106.31 257.35 Td (preserve ) Tj ET Q q 0 0 0 rg BT 142.26 257.35 Td (principal ) Tj ET Q q 0 0 0 rg BT 179.89 257.35 Td (while ) Tj ET Q q 0 0 0 rg BT 204.19 257.35 Td (maximizing ) Tj ET Q q 0 0 0 rg BT 254.05 257.35 Td (income ) Tj ET Q q 0 0 0 rg BT 285.57 257.35 Td (without ) Tj ET Q q 0 0 0 rg BT 318.21 257.35 Td (significantly ) Tj ET Q q 0 0 0 rg BT 370.29 257.35 Td (increasing ) Tj ET Q q 0 0 0 rg BT 413.47 257.35 Td (risk. ) Tj ET Q q 0 0 0 rg BT 432.90 257.35 Td (W) Tj ET Q q 0 0 0 rg BT 441.54 257.35 Td (e ) Tj ET Q q 0 0 0 rg BT 448.06 257.35 Td (do ) Tj ET Q q 0 0 0 rg BT 460.15 257.35 Td (not ) Tj ET Q q 0 0 0 rg BT 475.02 257.35 Td (enter ) Tj ET Q q 0 0 0 rg BT 497.09 257.35 Td (into ) Tj ET Q q 0 0 0 rg BT 514.73 257.35 Td (investments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 245.35 Td (for ) Tj ET Q q 0 0 0 rg BT 63.79 245.35 Td (trading ) Tj ET Q q 0 0 0 rg BT 94.74 245.35 Td (or ) Tj ET Q q 0 0 0 rg BT 105.70 245.35 Td (speculative ) Tj ET Q q 0 0 0 rg BT 153.31 245.35 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 193.99 245.35 Td (Our ) Tj ET Q q 0 0 0 rg BT 212.18 245.35 Td (investments ) Tj ET Q q 0 0 0 rg BT 262.58 245.35 Td (are ) Tj ET Q q 0 0 0 rg BT 277.42 245.35 Td (exposed ) Tj ET Q q 0 0 0 rg BT 312.81 245.35 Td (to ) Tj ET Q q 0 0 0 rg BT 323.22 245.35 Td (market ) Tj ET Q q 0 0 0 rg BT 353.61 245.35 Td (risk ) Tj ET Q q 0 0 0 rg BT 371.24 245.35 Td (due ) Tj ET Q q 0 0 0 rg BT 388.31 245.35 Td (to ) Tj ET Q q 0 0 0 rg BT 398.72 245.35 Td (a ) Tj ET Q q 0 0 0 rg BT 405.79 245.35 Td (fluctuation ) Tj ET Q q 0 0 0 rg BT 451.74 245.35 Td (in ) Tj ET Q q 0 0 0 rg BT 462.14 245.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 494.21 245.35 Td (rates, ) Tj ET Q q 0 0 0 rg BT 518.21 245.35 Td (which ) Tj ET Q q 0 0 0 rg BT 545.28 245.35 Td (may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 233.35 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 233.35 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.57 233.35 Td (our ) Tj ET Q q 0 0 0 rg BT 90.40 233.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 122.34 233.35 Td (income ) Tj ET Q q 0 0 0 rg BT 154.27 233.35 Td (and ) Tj ET Q q 0 0 0 rg BT 171.21 233.35 Td (the ) Tj ET Q q 0 0 0 rg BT 185.93 233.35 Td (fair ) Tj ET Q q 0 0 0 rg BT 202.30 233.35 Td (market ) Tj ET Q q 0 0 0 rg BT 232.57 233.35 Td (value ) Tj ET Q q 0 0 0 rg BT 256.72 233.35 Td (of ) Tj ET Q q 0 0 0 rg BT 267.55 233.35 Td (our ) Tj ET Q q 0 0 0 rg BT 283.38 233.35 Td (investments. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 212.35 Td (A) Tj ET Q q 0 0 0 rg BT 80.17 212.35 Td ( ) Tj ET Q q 0 0 0 rg BT 81.92 212.35 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 133.09 212.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 167.59 212.35 Td (in ) Tj ET Q q 0 0 0 rg BT 177.12 212.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 208.30 212.35 Td (rates ) Tj ET Q q 0 0 0 rg BT 228.92 212.35 Td (of ) Tj ET Q q 0 0 0 rg BT 239.00 212.35 Td (1.0% ) Tj ET Q q 0 0 0 rg BT 261.58 212.35 Td (would ) Tj ET Q q 0 0 0 rg BT 288.33 212.35 Td (have ) Tj ET Q q 0 0 0 rg BT 308.95 212.35 Td (resulted ) Tj ET Q q 0 0 0 rg BT 342.35 212.35 Td (in ) Tj ET Q q 0 0 0 rg BT 351.88 212.35 Td (a ) Tj ET Q q 0 0 0 rg BT 358.06 212.35 Td (decrease ) Tj ET Q q 0 0 0 rg BT 394.22 212.35 Td (in ) Tj ET Q q 0 0 0 rg BT 403.75 212.35 Td (the ) Tj ET Q q 0 0 0 rg BT 417.71 212.35 Td (fair ) Tj ET Q q 0 0 0 rg BT 433.34 212.35 Td (value ) Tj ET Q q 0 0 0 rg BT 456.74 212.35 Td (of ) Tj ET Q q 0 0 0 rg BT 466.82 212.35 Td (our ) Tj ET Q q 0 0 0 rg BT 481.89 212.35 Td (investment ) Tj ET Q q 0 0 0 rg BT 527.52 212.35 Td (portfolio ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 200.35 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.39 200.35 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 80.44 200.35 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.33 200.35 Td ( ) Tj ET Q q 0 0 0 rg BT 111.89 200.35 Td (as ) Tj ET Q q 0 0 0 rg BT 122.78 200.35 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.66 200.35 Td (December31, ) Tj ET Q q 0 0 0 rg BT 192.30 200.35 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.30 200.35 Td (. ) Tj ET Q q 0 0 0 rg BT 217.17 200.35 Td (The ) Tj ET Q q 0 0 0 rg BT 235.28 200.35 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 285.05 200.35 Td (in ) Tj ET Q q 0 0 0 rg BT 295.38 200.35 Td (fair ) Tj ET Q q 0 0 0 rg BT 311.81 200.35 Td (value ) Tj ET Q q 0 0 0 rg BT 336.02 200.35 Td (of ) Tj ET Q q 0 0 0 rg BT 346.91 200.35 Td (our ) Tj ET Q q 0 0 0 rg BT 362.80 200.35 Td (investment ) Tj ET Q q 0 0 0 rg BT 409.23 200.35 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 446.79 200.35 Td (reflect ) Tj ET Q q 0 0 0 rg BT 474.87 200.35 Td (only ) Tj ET Q q 0 0 0 rg BT 495.21 200.35 Td (the ) Tj ET Q q 0 0 0 rg BT 509.98 200.35 Td (direct ) Tj ET Q q 0 0 0 rg BT 535.30 200.35 Td (impact ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 188.35 Td (of ) Tj ET Q q 0 0 0 rg BT 60.67 188.35 Td (the ) Tj ET Q q 0 0 0 rg BT 75.73 188.35 Td (change ) Tj ET Q q 0 0 0 rg BT 106.89 188.35 Td (in ) Tj ET Q q 0 0 0 rg BT 117.51 188.35 Td (interest ) Tj ET Q q 0 0 0 rg BT 149.79 188.35 Td (rates. ) Tj ET Q q 0 0 0 rg BT 174.01 188.35 Td (Other ) Tj ET Q q 0 0 0 rg BT 199.62 188.35 Td (economic ) Tj ET Q q 0 0 0 rg BT 241.34 188.35 Td (variables, ) Tj ET Q q 0 0 0 rg BT 282.77 188.35 Td (such ) Tj ET Q q 0 0 0 rg BT 303.95 188.35 Td (as ) Tj ET Q q 0 0 0 rg BT 315.12 188.35 Td (equity ) Tj ET Q q 0 0 0 rg BT 342.96 188.35 Td (market ) Tj ET Q q 0 0 0 rg BT 373.57 188.35 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 423.62 188.35 Td (and ) Tj ET Q q 0 0 0 rg BT 440.90 188.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 475.95 188.35 Td (in ) Tj ET Q q 0 0 0 rg BT 486.58 188.35 Td (relative ) Tj ET Q q 0 0 0 rg BT 519.40 188.35 Td (credit ) Tj ET Q q 0 0 0 rg BT 545.01 188.35 Td (risk, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 176.35 Td (could ) Tj ET Q q 0 0 0 rg BT 73.89 176.35 Td (result ) Tj ET Q q 0 0 0 rg BT 98.28 176.35 Td (in ) Tj ET Q q 0 0 0 rg BT 108.23 176.35 Td (a ) Tj ET Q q 0 0 0 rg BT 114.84 176.35 Td (significantly ) Tj ET Q q 0 0 0 rg BT 167.00 176.35 Td (higher ) Tj ET Q q 0 0 0 rg BT 194.72 176.35 Td (decline ) Tj ET Q q 0 0 0 rg BT 225.77 176.35 Td (in ) Tj ET Q q 0 0 0 rg BT 235.72 176.35 Td (the ) Tj ET Q q 0 0 0 rg BT 250.11 176.35 Td (fair ) Tj ET Q q 0 0 0 rg BT 266.16 176.35 Td (value ) Tj ET Q q 0 0 0 rg BT 289.99 176.35 Td (of ) Tj ET Q q 0 0 0 rg BT 300.49 176.35 Td (our ) Tj ET Q q 0 0 0 rg BT 315.99 176.35 Td (net ) Tj ET Q q 0 0 0 rg BT 330.38 176.35 Td (investment ) Tj ET Q q 0 0 0 rg BT 376.44 176.35 Td (position. ) Tj ET Q q 0 0 0 rg BT 413.34 176.35 Td (For ) Tj ET Q q 0 0 0 rg BT 429.40 176.35 Td (further ) Tj ET Q q 0 0 0 rg BT 458.78 176.35 Td (information ) Tj ET Q q 0 0 0 rg BT 508.17 176.35 Td (on ) Tj ET Q q 0 0 0 rg BT 520.34 176.35 Td (how ) Tj ET Q q 0 0 0 rg BT 539.73 176.35 Td (credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 164.35 Td (risk ) Tj ET Q q 0 0 0 rg BT 67.00 164.35 Td (is ) Tj ET Q q 0 0 0 rg BT 76.17 164.35 Td (factored ) Tj ET Q q 0 0 0 rg BT 111.42 164.35 Td (into ) Tj ET Q q 0 0 0 rg BT 129.48 164.35 Td (the ) Tj ET Q q 0 0 0 rg BT 144.20 164.35 Td (valuation ) Tj ET Q q 0 0 0 rg BT 183.91 164.35 Td (of ) Tj ET Q q 0 0 0 rg BT 194.74 164.35 Td (our ) Tj ET Q q 0 0 0 rg BT 210.57 164.35 Td (investment ) Tj ET Q q 0 0 0 rg BT 256.95 164.35 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 294.45 164.35 Td (see ) Tj ET Q q 0 0 0 rg BT 309.71 164.35 Td (Note ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.65 164.35 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.65 164.35 Td ( ) Tj ET Q q 0 0 0 rg BT 339.15 164.35 Td (of ) Tj ET Q q 0 0 0 rg BT 349.98 164.35 Td (the ) Tj ET Q q 0 0 0 rg BT 364.70 164.35 Td (Notes ) Tj ET Q q 0 0 0 rg BT 390.53 164.35 Td (to ) Tj ET Q q 0 0 0 rg BT 400.81 164.35 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 456.08 164.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 495.79 164.35 Td (Statements.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 665.05 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 665.05 Td (e ) Tj ET Q q 0 0 0 rg BT 88.56 665.05 Td (have ) Tj ET Q q 0 0 0 rg BT 109.41 665.05 Td (audited ) Tj ET Q q 0 0 0 rg BT 140.83 665.05 Td (the ) Tj ET Q q 0 0 0 rg BT 155.02 665.05 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 215.31 665.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 267.84 665.05 Td (balance ) Tj ET Q q 0 0 0 rg BT 300.35 665.05 Td (sheets ) Tj ET Q q 0 0 0 rg BT 326.77 665.05 Td (of ) Tj ET Q q 0 0 0 rg BT 337.08 665.05 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 357.94 665.05 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 380.19 665.05 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 397.44 665.05 Td (\(a ) Tj ET Q q 0 0 0 rg BT 407.18 665.05 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 447.47 665.05 Td (corporation\) ) Tj ET Q q 0 0 0 rg BT 498.87 665.05 Td (and ) Tj ET Q q 0 0 0 rg BT 515.29 665.05 Td (subsidiaries ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 653.05 Td (\(the ) Tj ET Q q 0 0 0 rg BT 66.50 653.05 Td 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(audits.) 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155.42 524.05 Td (well ) Tj ET Q q 0 0 0 rg BT 175.73 524.05 Td (as ) Tj ET Q q 0 0 0 rg BT 187.15 524.05 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 231.88 524.05 Td (the ) Tj ET Q q 0 0 0 rg BT 247.19 524.05 Td (overall ) Tj ET Q q 0 0 0 rg BT 278.04 524.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.11 524.05 Td (statement ) Tj ET Q q 0 0 0 rg BT 357.51 524.05 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 411.97 524.05 Td ( ) Tj ET Q q 0 0 0 rg BT 414.84 524.05 Td (W) Tj ET Q q 0 0 0 rg BT 423.48 524.05 Td (e ) Tj ET Q q 0 0 0 rg BT 431.00 524.05 Td (believe ) Tj ET Q q 0 0 0 rg BT 462.96 524.05 Td (that ) Tj ET Q q 0 0 0 rg BT 481.04 524.05 Td (our ) Tj ET Q q 0 0 0 rg BT 497.46 524.05 Td (audits ) Tj ET Q q 0 0 0 rg BT 524.44 524.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 558.07 524.05 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 512.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 94.75 512.05 Td (basis ) Tj ET Q q 0 0 0 rg BT 117.25 512.05 Td (for ) Tj ET Q q 0 0 0 rg BT 131.41 512.05 Td (our ) Tj ET Q q 0 0 0 rg BT 147.24 512.05 Td (opinion.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 491.05 Td (In ) Tj ET Q q 0 0 0 rg BT 84.55 491.05 Td (our ) Tj ET Q q 0 0 0 rg BT 100.60 491.05 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 136.38 491.05 Td (the ) Tj ET Q q 0 0 0 rg BT 151.31 491.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 204.57 491.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 242.27 491.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 287.21 491.05 Td (referred ) Tj ET Q q 0 0 0 rg BT 321.56 491.05 Td (to ) Tj ET Q q 0 0 0 rg BT 332.06 491.05 Td (above ) Tj ET Q q 0 0 0 rg BT 358.66 491.05 Td (present ) Tj ET Q q 0 0 0 rg BT 390.25 491.05 Td (fairly) Tj ET Q q 0 0 0 rg BT 411.26 491.05 Td (, ) Tj ET Q q 0 0 0 rg BT 416.48 491.05 Td (in ) Tj ET Q q 0 0 0 rg BT 426.98 491.05 Td (all ) Tj ET Q q 0 0 0 rg BT 439.69 491.05 Td (material ) Tj ET Q q 0 0 0 rg BT 475.17 491.05 Td (respects, ) Tj ET Q q 0 0 0 rg BT 512.60 491.05 Td (the ) Tj ET Q q 0 0 0 rg BT 527.53 491.05 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 479.05 Td (position ) Tj ET Q q 0 0 0 rg BT 84.35 479.05 Td (of ) Tj ET Q q 0 0 0 rg BT 95.30 479.05 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 116.81 479.05 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 139.70 479.05 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 157.59 479.05 Td (and ) Tj ET Q q 0 0 0 rg BT 174.66 479.05 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 224.50 479.05 Td (as ) Tj ET Q q 0 0 0 rg BT 235.45 479.05 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.40 479.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 305.11 479.05 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.11 479.05 Td ( ) Tj ET Q q 0 0 0 rg BT 327.73 479.05 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.80 479.05 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.80 479.05 Td (, ) Tj ET Q q 0 0 0 rg BT 369.92 479.05 Td (and ) Tj ET Q q 0 0 0 rg BT 386.98 479.05 Td (the ) Tj ET Q q 0 0 0 rg BT 401.82 479.05 Td (results ) Tj ET Q q 0 0 0 rg BT 430.55 479.05 Td (of ) Tj ET Q q 0 0 0 rg BT 441.51 479.05 Td (their ) Tj ET Q q 0 0 0 rg BT 462.46 479.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 506.73 479.05 Td (and ) Tj ET Q q 0 0 0 rg BT 523.80 479.05 Td (their ) Tj ET Q q 0 0 0 rg BT 544.75 479.05 Td (cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 467.05 Td (flows ) Tj ET Q q 0 0 0 rg BT 75.09 467.05 Td (for ) Tj ET Q q 0 0 0 rg BT 90.12 467.05 Td (each ) Tj ET Q q 0 0 0 rg BT 111.81 467.05 Td (of ) Tj ET Q q 0 0 0 rg BT 123.51 467.05 Td (the ) Tj ET Q q 0 0 0 rg BT 139.10 467.05 Td (three ) Tj ET Q q 0 0 0 rg BT 162.45 467.05 Td (years ) Tj ET Q q 0 0 0 rg BT 186.92 467.05 Td (in ) Tj ET Q q 0 0 0 rg BT 198.07 467.05 Td (the ) Tj ET Q q 0 0 0 rg BT 213.66 467.05 Td (period ) Tj ET Q q 0 0 0 rg BT 242.58 467.05 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.82 467.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 329.28 467.05 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.28 467.05 Td (, ) Tj ET Q q 0 0 0 rg BT 355.15 467.05 Td (in ) Tj ET Q q 0 0 0 rg BT 366.30 467.05 Td (conformity ) Tj ET Q q 0 0 0 rg BT 414.10 467.05 Td (with ) Tj ET Q q 0 0 0 rg BT 435.25 467.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 482.49 467.05 Td (principles ) Tj ET Q q 0 0 0 rg BT 525.30 467.05 Td (generally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 455.05 Td (accepted ) Tj ET Q q 0 0 0 rg BT 86.27 455.05 Td (in ) Tj ET Q q 0 0 0 rg BT 95.84 455.05 Td (the ) Tj ET Q q 0 0 0 rg BT 109.85 455.05 Td (United ) Tj ET Q q 0 0 0 rg BT 138.87 455.05 Td (States ) Tj ET Q q 0 0 0 rg BT 164.55 455.05 Td (of ) Tj ET Q q 0 0 0 rg BT 174.28 455.05 Td (America. ) Tj ET Q q 0 0 0 rg BT 213.00 455.05 Td ( ) Tj ET Q q 0 0 0 rg BT 214.40 455.05 Td (Also ) Tj ET Q q 0 0 0 rg BT 235.08 455.05 Td (in ) Tj ET Q q 0 0 0 rg BT 244.66 455.05 Td (our ) Tj ET Q q 0 0 0 rg BT 259.79 455.05 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 294.64 455.05 Td (the ) Tj ET Q q 0 0 0 rg BT 308.65 455.05 Td (related ) Tj ET Q q 0 0 0 rg BT 337.65 455.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.42 455.05 Td (statement ) Tj ET Q q 0 0 0 rg BT 414.54 455.05 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 453.82 455.05 Td (when ) Tj ET Q q 0 0 0 rg BT 477.28 455.05 Td (considered ) Tj ET Q q 0 0 0 rg BT 522.39 455.05 Td (in ) Tj ET Q q 0 0 0 rg BT 531.96 455.05 Td (relation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 443.05 Td (to ) Tj ET Q q 0 0 0 rg BT 60.01 443.05 Td (the ) Tj ET Q q 0 0 0 rg BT 74.96 443.05 Td (basic ) Tj ET Q q 0 0 0 rg BT 98.23 443.05 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 151.51 443.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 189.22 443.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 234.16 443.05 Td (taken ) Tj ET Q q 0 0 0 rg BT 258.55 443.05 Td (as ) Tj ET Q q 0 0 0 rg BT 269.61 443.05 Td (a ) Tj ET Q q 0 0 0 rg BT 276.78 443.05 Td (whole, ) Tj ET Q q 0 0 0 rg BT 306.45 443.05 Td (presents ) Tj ET Q q 0 0 0 rg BT 341.95 443.05 Td (fairly) Tj ET Q q 0 0 0 rg BT 362.95 443.05 Td (, ) Tj ET Q q 0 0 0 rg BT 368.18 443.05 Td (in ) Tj ET Q q 0 0 0 rg BT 378.69 443.05 Td (all ) Tj ET Q q 0 0 0 rg BT 391.42 443.05 Td (material ) Tj ET Q q 0 0 0 rg BT 426.91 443.05 Td (respects, ) Tj ET Q q 0 0 0 rg BT 464.35 443.05 Td (the ) Tj ET Q q 0 0 0 rg BT 479.30 443.05 Td (information ) Tj ET Q q 0 0 0 rg BT 529.24 443.05 Td (set ) Tj ET Q q 0 0 0 rg BT 543.08 443.05 Td (forth ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 431.05 Td (therein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 410.05 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 410.05 Td (e ) Tj ET Q q 0 0 0 rg BT 88.53 410.05 Td (also ) Tj ET Q q 0 0 0 rg BT 106.59 410.05 Td (have ) Tj ET Q q 0 0 0 rg BT 127.41 410.05 Td (audited, ) Tj ET Q q 0 0 0 rg BT 161.30 410.05 Td (in ) Tj ET Q q 0 0 0 rg BT 171.03 410.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 217.94 410.05 Td (with ) Tj ET Q q 0 0 0 rg BT 237.67 410.05 Td (the ) Tj ET Q q 0 0 0 rg BT 251.83 410.05 Td (standards ) Tj ET Q q 0 0 0 rg BT 291.55 410.05 Td (of ) Tj ET Q q 0 0 0 rg BT 301.83 410.05 Td (the ) Tj ET Q q 0 0 0 rg BT 316.00 410.05 Td (Public ) Tj ET Q q 0 0 0 rg BT 343.51 410.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 383.92 410.05 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 432.52 410.05 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 473.91 410.05 Td (Board ) Tj ET Q q 0 0 0 rg BT 500.30 410.05 Td (\(United ) Tj ET Q q 0 0 0 rg BT 532.80 410.05 Td (States\), ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 398.05 Td (the ) Tj ET Q q 0 0 0 rg BT 63.61 398.05 Td (Company) Tj ET Q q 0 0 0 rg BT 105.27 398.05 Td (s ) Tj ET Q q 0 0 0 rg BT 111.05 398.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 143.48 398.05 Td (control ) Tj ET Q q 0 0 0 rg BT 173.70 398.05 Td (over ) Tj ET Q q 0 0 0 rg BT 193.35 398.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 230.22 398.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 268.77 398.05 Td (as ) Tj ET Q q 0 0 0 rg BT 278.98 398.05 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.20 398.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 347.18 398.05 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.18 398.05 Td (, ) Tj ET Q q 0 0 0 rg BT 371.56 398.05 Td (based ) Tj ET Q q 0 0 0 rg BT 396.22 398.05 Td (on ) Tj ET Q q 0 0 0 rg BT 408.11 398.05 Td (criteria ) Tj ET Q q 0 0 0 rg BT 438.31 398.05 Td (established ) Tj ET Q q 0 0 0 rg BT 484.63 398.05 Td (in ) Tj ET Q q 0 0 0 rg BT 494.30 398.05 Td (the ) Tj ET Q q 0 0 0 rg BT 508.40 398.05 Td (1992 ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 530.29 398.05 Td (Internal ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 49.50 386.05 Td (Contr) Tj ET Q q 0 0 0 rg BT 72.47 386.05 Td (ol ) Tj ET Q q 0 0 0 rg BT 83.27 386.05 Td (- ) Tj ET Q q 0 0 0 rg BT 89.62 386.05 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 134.29 386.05 Td (Framework ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.97 386.05 Td (issued ) Tj ET Q q 0 0 0 rg BT 211.99 386.05 Td (by ) Tj ET Q q 0 0 0 rg BT 225.01 386.05 Td (the ) Tj ET Q q 0 0 0 rg BT 240.25 386.05 Td (Committee ) Tj ET Q q 0 0 0 rg BT 287.71 386.05 Td (of ) Tj ET Q q 0 0 0 rg BT 299.06 386.05 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 347.64 386.05 Td (Or) Tj ET Q q 0 0 0 rg BT 358.01 386.05 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 406.57 386.05 Td (of ) Tj ET Q q 0 0 0 rg BT 417.92 386.05 Td (the ) Tj ET Q q 0 0 0 rg BT 432.94 386.05 Td (T) Tj ET Q q 0 0 0 rg BT 438.70 386.05 Td (readway ) Tj ET Q q 0 0 0 rg BT 475.59 386.05 Td (Commission ) Tj ET Q q 0 0 0 rg BT 529.17 386.05 Td (\(COSO\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 374.05 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 374.05 Td (our ) Tj ET Q q 0 0 0 rg BT 82.27 374.05 Td (report ) Tj ET Q q 0 0 0 rg BT 108.65 374.05 Td (dated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.80 374.05 Td (March13, ) Tj ET Q q 0 0 0 rg BT 176.40 374.05 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.40 374.05 Td ( ) Tj ET Q q 0 0 0 rg BT 198.90 374.05 Td (expressed ) Tj ET Q q 0 0 0 rg BT 240.83 374.05 Td (an ) Tj ET Q q 0 0 0 rg BT 252.77 374.05 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 300.81 374.05 Td (opinion ) Tj ET Q q 0 0 0 rg BT 333.87 374.05 Td (thereon. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.35 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 61.45 308.35 Td (GRANT) Tj ET Q q 0 0 0 rg BT 95.71 308.35 Td ( ) Tj ET Q q 0 0 0 rg BT 98.03 308.35 Td (THORNT) Tj ET Q q 0 0 0 rg BT 138.40 308.35 Td (ON ) Tj ET Q q 0 0 0 rg BT 155.34 308.35 Td (LLP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.35 Td (San ) Tj ET Q q 0 0 0 rg BT 67.00 296.35 Td (Francisco, ) Tj ET Q q 0 0 0 rg BT 110.88 296.35 Td (California) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 278.95 Td (March13, ) Tj ET Q q 0 0 0 rg BT 93.10 278.95 Td (2014) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (47) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 181.05 740.25 Td (Report of Independent Register) Tj ET Q q 0 0 0 rg BT 316.13 740.25 Td (ed Public ) Tj ET Q q 0 0 0 rg BT 357.81 740.25 Td (Accounting Firm) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 708.65 Td (Board ) Tj ET Q q 0 0 0 rg BT 76.44 708.65 Td (of ) Tj ET Q q 0 0 0 rg BT 87.27 708.65 Td (Directors ) Tj ET Q q 0 0 0 rg BT 126.98 708.65 Td (and ) Tj ET Q q 0 0 0 rg BT 143.91 708.65 Td (Shareholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 691.25 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 70.88 691.25 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 93.65 691.25 Td (Inc. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 665.05 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 665.05 Td (e ) Tj ET Q q 0 0 0 rg BT 89.35 665.05 Td (have ) Tj ET Q q 0 0 0 rg BT 111.01 665.05 Td (audited ) Tj ET Q q 0 0 0 rg BT 143.22 665.05 Td (the ) Tj ET Q q 0 0 0 rg BT 158.22 665.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 191.54 665.05 Td (control ) Tj ET Q q 0 0 0 rg BT 222.64 665.05 Td (over ) Tj ET Q q 0 0 0 rg BT 243.19 665.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.95 665.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 320.38 665.05 Td (of ) Tj ET Q q 0 0 0 rg BT 331.49 665.05 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 353.15 665.05 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 376.20 665.05 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 394.24 665.05 Td (\(a ) Tj ET Q q 0 0 0 rg BT 404.79 665.05 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 445.87 665.05 Td (corporation\) ) Tj ET Q q 0 0 0 rg BT 498.08 665.05 Td (and ) Tj ET Q q 0 0 0 rg BT 515.29 665.05 Td (subsidiaries ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 653.05 Td (\(the ) Tj ET Q q 0 0 0 rg BT 68.05 653.05 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 122.14 653.05 Td (as ) Tj ET Q q 0 0 0 rg BT 133.47 653.05 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.80 653.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 203.89 653.05 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.89 653.05 Td (, ) Tj ET Q q 0 0 0 rg BT 229.39 653.05 Td (based ) Tj ET Q q 0 0 0 rg BT 255.16 653.05 Td (on ) Tj ET Q q 0 0 0 rg BT 268.16 653.05 Td (criteria ) Tj ET Q q 0 0 0 rg BT 299.47 653.05 Td (established ) Tj ET Q q 0 0 0 rg BT 346.90 653.05 Td (in ) Tj ET Q q 0 0 0 rg BT 357.68 653.05 Td (the ) Tj ET Q q 0 0 0 rg BT 372.90 653.05 Td (1992 ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 395.90 653.05 Td (Internal ) Tj ET Q q 0 0 0 rg BT 431.12 653.05 Td (Contr) Tj ET Q q 0 0 0 rg BT 454.08 653.05 Td (ol ) Tj ET Q q 0 0 0 rg BT 464.86 653.05 Td (- ) Tj ET Q q 0 0 0 rg BT 471.19 653.05 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 515.85 653.05 Td (Framework ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 641.05 Td (issued ) Tj ET Q q 0 0 0 rg BT 77.41 641.05 Td (by ) Tj ET Q q 0 0 0 rg BT 90.32 641.05 Td (the ) Tj ET Q q 0 0 0 rg BT 105.44 641.05 Td (Committee ) Tj ET Q q 0 0 0 rg BT 152.79 641.05 Td (of ) Tj ET Q q 0 0 0 rg BT 164.02 641.05 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 212.49 641.05 Td (Or) Tj ET Q q 0 0 0 rg BT 222.86 641.05 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 271.31 641.05 Td (of ) Tj ET Q q 0 0 0 rg BT 282.55 641.05 Td (the ) Tj ET Q q 0 0 0 rg BT 297.47 641.05 Td (T) Tj ET Q q 0 0 0 rg BT 303.22 641.05 Td (readway ) Tj ET Q q 0 0 0 rg BT 340.00 641.05 Td (Commission ) Tj ET Q q 0 0 0 rg BT 393.47 641.05 Td (\(COSO\). ) Tj ET Q q 0 0 0 rg BT 432.21 641.05 Td ( ) Tj ET Q q 0 0 0 rg BT 434.91 641.05 Td (The ) Tj ET Q q 0 0 0 rg BT 453.37 641.05 Td (Company) Tj ET Q q 0 0 0 rg BT 495.03 641.05 Td (s ) Tj ET Q q 0 0 0 rg BT 501.83 641.05 Td (management ) Tj ET Q q 0 0 0 rg BT 555.83 641.05 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 629.05 Td (responsible ) Tj ET Q q 0 0 0 rg BT 97.02 629.05 Td (for ) Tj ET Q q 0 0 0 rg BT 110.66 629.05 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 160.40 629.05 Td (ef) Tj ET Q q 0 0 0 rg BT 167.99 629.05 Td (fective ) Tj ET Q q 0 0 0 rg BT 197.16 629.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 229.68 629.05 Td (control ) Tj ET Q q 0 0 0 rg BT 259.98 629.05 Td (over ) Tj ET Q q 0 0 0 rg BT 279.72 629.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.67 629.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 355.30 629.05 Td (and ) Tj ET Q q 0 0 0 rg BT 371.72 629.05 Td (for ) Tj ET Q q 0 0 0 rg BT 385.35 629.05 Td (its ) Tj ET Q q 0 0 0 rg BT 396.77 629.05 Td (assessment ) Tj ET Q q 0 0 0 rg BT 443.19 629.05 Td (of ) Tj ET Q q 0 0 0 rg BT 453.49 629.05 Td (the ) Tj ET Q q 0 0 0 rg BT 467.68 629.05 Td (ef) Tj ET Q q 0 0 0 rg BT 475.27 629.05 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 521.67 629.05 Td (of ) Tj ET Q q 0 0 0 rg BT 531.97 629.05 Td (internal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 617.05 Td (control ) Tj ET Q q 0 0 0 rg BT 79.92 617.05 Td (over ) Tj ET Q q 0 0 0 rg BT 99.79 617.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 136.87 617.05 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 178.13 617.05 Td (included ) Tj ET Q q 0 0 0 rg BT 214.66 617.05 Td (in ) Tj ET Q q 0 0 0 rg BT 224.54 617.05 Td (the ) Tj ET Q q 0 0 0 rg BT 238.86 617.05 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 299.27 617.05 Td (Management ) Tj ET Q q 0 0 0 rg BT 353.57 617.05 Td (Report ) Tj ET Q q 0 0 0 rg BT 382.88 617.05 Td (on ) Tj ET Q q 0 0 0 rg BT 394.98 617.05 Td (Internal ) Tj ET Q q 0 0 0 rg BT 428.18 617.05 Td (Control ) Tj ET Q q 0 0 0 rg BT 460.83 617.05 Td (over ) Tj ET Q q 0 0 0 rg BT 480.70 617.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 520.01 617.05 Td (Reporting. ) Tj ET Q q 0 0 0 rg BT 565.01 617.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 605.05 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.55 605.05 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 124.50 605.05 Td (is ) Tj ET Q q 0 0 0 rg BT 133.67 605.05 Td (to ) Tj ET Q q 0 0 0 rg BT 143.94 605.05 Td (express ) Tj ET Q q 0 0 0 rg BT 176.43 605.05 Td (an ) Tj ET Q q 0 0 0 rg BT 188.37 605.05 Td (opinion ) Tj ET Q q 0 0 0 rg BT 221.43 605.05 Td (on ) Tj ET Q q 0 0 0 rg BT 233.93 605.05 Td (the ) Tj ET Q q 0 0 0 rg BT 248.65 605.05 Td (Company) Tj ET Q q 0 0 0 rg BT 290.31 605.05 Td (s ) Tj ET Q q 0 0 0 rg BT 296.70 605.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 329.74 605.05 Td (control ) Tj ET Q q 0 0 0 rg BT 360.57 605.05 Td (over ) Tj ET Q q 0 0 0 rg BT 380.84 605.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 418.32 605.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 457.47 605.05 Td (based ) Tj ET Q q 0 0 0 rg BT 482.74 605.05 Td (on ) Tj ET Q q 0 0 0 rg BT 495.24 605.05 Td (our ) Tj ET Q q 0 0 0 rg BT 511.07 605.05 Td (audit. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 584.05 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 584.05 Td (e ) Tj ET Q q 0 0 0 rg BT 90.06 584.05 Td (conducted ) Tj ET Q q 0 0 0 rg BT 134.63 584.05 Td (our ) Tj ET Q q 0 0 0 rg BT 151.44 584.05 Td (audit ) Tj ET Q q 0 0 0 rg BT 174.92 584.05 Td (in ) Tj ET Q q 0 0 0 rg BT 186.18 584.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 234.62 584.05 Td (with ) Tj ET Q q 0 0 0 rg BT 255.88 584.05 Td (the ) Tj ET Q q 0 0 0 rg BT 271.58 584.05 Td (standards ) Tj ET Q q 0 0 0 rg BT 312.83 584.05 Td (of ) Tj ET Q q 0 0 0 rg BT 324.64 584.05 Td (the ) Tj ET Q q 0 0 0 rg BT 340.34 584.05 Td (Public ) Tj ET Q q 0 0 0 rg BT 369.38 584.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 410.98 584.05 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 461.12 584.05 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 504.04 584.05 Td (Board ) Tj ET Q q 0 0 0 rg BT 531.96 584.05 Td (\(United ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 572.05 Td (States\). ) Tj ET Q q 0 0 0 rg BT 81.11 572.05 Td ( ) Tj ET Q q 0 0 0 rg BT 82.87 572.05 Td (Those ) Tj ET Q q 0 0 0 rg BT 109.21 572.05 Td (standards ) Tj ET Q q 0 0 0 rg BT 148.87 572.05 Td (require ) Tj ET Q q 0 0 0 rg BT 179.08 572.05 Td (that ) Tj ET Q q 0 0 0 rg BT 195.97 572.05 Td (we ) Tj ET Q q 0 0 0 rg BT 209.53 572.05 Td (plan ) Tj ET Q q 0 0 0 rg BT 228.64 572.05 Td (and ) Tj ET Q q 0 0 0 rg BT 244.98 572.05 Td (perform ) Tj ET Q q 0 0 0 rg BT 279.08 572.05 Td (the ) Tj ET Q q 0 0 0 rg BT 293.19 572.05 Td (audit ) Tj ET Q q 0 0 0 rg BT 315.08 572.05 Td (to ) Tj ET Q q 0 0 0 rg BT 324.76 572.05 Td (obtain ) Tj ET Q q 0 0 0 rg BT 351.65 572.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 396.30 572.05 Td (assurance ) Tj ET Q q 0 0 0 rg BT 437.06 572.05 Td (about ) Tj ET Q q 0 0 0 rg BT 461.17 572.05 Td (whether ) Tj ET Q q 0 0 0 rg BT 495.28 572.05 Td (ef) Tj ET Q q 0 0 0 rg BT 502.87 572.05 Td (fective ) Tj ET Q q 0 0 0 rg BT 531.96 572.05 Td (internal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 560.05 Td (control ) Tj ET Q q 0 0 0 rg BT 79.90 560.05 Td (over ) Tj ET Q q 0 0 0 rg BT 99.74 560.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 136.80 560.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 175.53 560.05 Td (was ) Tj ET Q q 0 0 0 rg BT 193.15 560.05 Td (maintained ) Tj ET Q q 0 0 0 rg BT 239.66 560.05 Td (in ) Tj ET Q q 0 0 0 rg BT 249.51 560.05 Td (all ) Tj ET Q q 0 0 0 rg BT 261.58 560.05 Td (material ) Tj ET Q q 0 0 0 rg BT 296.41 560.05 Td (respects. ) Tj ET Q q 0 0 0 rg BT 333.19 560.05 Td ( ) Tj ET Q q 0 0 0 rg BT 335.27 560.05 Td (Our ) Tj ET Q q 0 0 0 rg BT 352.89 560.05 Td (audit ) Tj ET Q q 0 0 0 rg BT 374.96 560.05 Td (included ) Tj ET Q q 0 0 0 rg BT 411.47 560.05 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 451.32 560.05 Td (an ) Tj ET Q q 0 0 0 rg BT 462.83 560.05 Td (understanding ) Tj ET Q q 0 0 0 rg BT 521.56 560.05 Td (of ) Tj ET Q q 0 0 0 rg BT 531.96 560.05 Td (internal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 548.05 Td (control ) Tj ET Q q 0 0 0 rg BT 80.01 548.05 Td (over ) Tj ET Q q 0 0 0 rg BT 99.96 548.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 137.12 548.05 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 178.46 548.05 Td (assessing ) Tj ET Q q 0 0 0 rg BT 217.86 548.05 Td (the ) Tj ET Q q 0 0 0 rg BT 232.26 548.05 Td (risk ) Tj ET Q q 0 0 0 rg BT 249.44 548.05 Td (that ) Tj ET Q q 0 0 0 rg BT 266.62 548.05 Td (a ) Tj ET Q q 0 0 0 rg BT 273.24 548.05 Td (material ) Tj ET Q q 0 0 0 rg BT 308.18 548.05 Td (weakness ) Tj ET Q q 0 0 0 rg BT 348.68 548.05 Td (exists, ) Tj ET Q q 0 0 0 rg BT 376.14 548.05 Td (testing ) Tj ET Q q 0 0 0 rg BT 404.99 548.05 Td (and ) Tj ET Q q 0 0 0 rg BT 421.61 548.05 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 465.44 548.05 Td (the ) Tj ET Q q 0 0 0 rg BT 479.84 548.05 Td (design ) Tj ET Q q 0 0 0 rg BT 508.13 548.05 Td (and ) Tj ET Q q 0 0 0 rg BT 524.75 548.05 Td (operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 536.05 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 536.05 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 104.03 536.05 Td (of ) Tj ET Q q 0 0 0 rg BT 114.88 536.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 147.94 536.05 Td (control ) Tj ET Q q 0 0 0 rg BT 178.78 536.05 Td (based ) Tj ET Q q 0 0 0 rg BT 204.06 536.05 Td (on ) Tj ET Q q 0 0 0 rg BT 216.58 536.05 Td (the ) Tj ET Q q 0 0 0 rg BT 231.31 536.05 Td (assessed ) Tj ET Q q 0 0 0 rg BT 267.71 536.05 Td (risk, ) Tj ET Q q 0 0 0 rg BT 287.73 536.05 Td (and ) Tj ET Q q 0 0 0 rg BT 304.69 536.05 Td (performing ) Tj ET Q q 0 0 0 rg BT 352.19 536.05 Td (such ) Tj ET Q q 0 0 0 rg BT 373.04 536.05 Td (other ) Tj ET Q q 0 0 0 rg BT 396.10 536.05 Td (procedures ) Tj ET Q q 0 0 0 rg BT 442.48 536.05 Td (as ) Tj ET Q q 0 0 0 rg BT 453.33 536.05 Td (we ) Tj ET Q q 0 0 0 rg BT 467.51 536.05 Td (considered ) Tj ET Q q 0 0 0 rg BT 513.34 536.05 Td (necessary ) Tj ET Q q 0 0 0 rg BT 554.72 536.05 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 524.05 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 524.05 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 125.86 524.05 Td ( ) Tj ET Q q 0 0 0 rg BT 128.18 524.05 Td (W) Tj ET Q q 0 0 0 rg BT 136.81 524.05 Td (e ) Tj ET Q q 0 0 0 rg BT 143.75 524.05 Td (believe ) Tj ET Q q 0 0 0 rg BT 175.13 524.05 Td (that ) Tj ET Q q 0 0 0 rg BT 192.62 524.05 Td (our ) Tj ET Q q 0 0 0 rg BT 208.45 524.05 Td (audit ) Tj ET Q q 0 0 0 rg BT 230.95 524.05 Td (provides ) Tj ET Q q 0 0 0 rg BT 267.88 524.05 Td (a ) Tj ET Q q 0 0 0 rg BT 274.82 524.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 320.08 524.05 Td (basis ) Tj ET Q q 0 0 0 rg BT 342.58 524.05 Td (for ) Tj ET Q q 0 0 0 rg BT 356.74 524.05 Td (our ) Tj ET Q q 0 0 0 rg BT 372.57 524.05 Td (opinion.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 503.05 Td (A) Tj ET Q q 0 0 0 rg BT 80.17 503.05 Td ( ) Tj ET Q q 0 0 0 rg BT 82.90 503.05 Td (company) Tj ET Q q 0 0 0 rg BT 122.33 503.05 Td (s ) Tj ET Q q 0 0 0 rg BT 128.95 503.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 162.22 503.05 Td (control ) Tj ET Q q 0 0 0 rg BT 193.27 503.05 Td (over ) Tj ET Q q 0 0 0 rg BT 213.76 503.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 251.47 503.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 290.85 503.05 Td (is ) Tj ET Q q 0 0 0 rg BT 300.25 503.05 Td (a ) Tj ET Q q 0 0 0 rg BT 307.41 503.05 Td (process ) Tj ET Q q 0 0 0 rg BT 340.13 503.05 Td (designed ) Tj ET Q q 0 0 0 rg BT 378.40 503.05 Td (to ) Tj ET Q q 0 0 0 rg BT 388.90 503.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 422.18 503.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 467.66 503.05 Td (assurance ) Tj ET Q q 0 0 0 rg BT 509.25 503.05 Td (regarding ) Tj ET Q q 0 0 0 rg BT 550.29 503.05 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 491.05 Td (reliability ) Tj ET Q q 0 0 0 rg BT 91.46 491.05 Td (of ) Tj ET Q q 0 0 0 rg BT 102.87 491.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.94 491.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 180.67 491.05 Td (and ) Tj ET Q q 0 0 0 rg BT 198.19 491.05 Td (the ) Tj ET Q q 0 0 0 rg BT 213.49 491.05 Td (preparation ) Tj ET Q q 0 0 0 rg BT 262.11 491.05 Td (of ) Tj ET Q q 0 0 0 rg BT 273.52 491.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 311.58 491.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 356.88 491.05 Td (for ) Tj ET Q q 0 0 0 rg BT 371.62 491.05 Td (external ) Tj ET Q q 0 0 0 rg BT 406.91 491.05 Td (purposes ) Tj ET Q q 0 0 0 rg BT 445.54 491.05 Td (in ) Tj ET Q q 0 0 0 rg BT 456.40 491.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 504.44 491.05 Td (with ) Tj ET Q q 0 0 0 rg BT 525.30 491.05 Td (generally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 479.05 Td (accepted ) Tj ET Q q 0 0 0 rg BT 86.70 479.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 132.79 479.05 Td (principles. ) Tj ET Q q 0 0 0 rg BT 176.95 479.05 Td ( ) Tj ET Q q 0 0 0 rg BT 178.69 479.05 Td (A) Tj ET Q q 0 0 0 rg BT 185.36 479.05 Td ( ) Tj ET Q q 0 0 0 rg BT 187.58 479.05 Td (company) Tj ET Q q 0 0 0 rg BT 227.02 479.05 Td (s ) Tj ET Q q 0 0 0 rg BT 233.13 479.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 265.90 479.05 Td (control ) Tj ET Q q 0 0 0 rg BT 296.45 479.05 Td (over ) Tj ET Q q 0 0 0 rg BT 316.45 479.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 353.65 479.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 392.53 479.05 Td (includes ) Tj ET Q q 0 0 0 rg BT 428.08 479.05 Td (those ) Tj ET Q q 0 0 0 rg BT 451.42 479.05 Td (policies ) Tj ET Q q 0 0 0 rg BT 484.75 479.05 Td (and ) Tj ET Q q 0 0 0 rg BT 501.41 479.05 Td (procedures ) Tj ET Q q 0 0 0 rg BT 547.50 479.05 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 467.05 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.81 467.05 Td (pertain ) Tj ET Q q 0 0 0 rg BT 94.22 467.05 Td (to ) Tj ET Q q 0 0 0 rg BT 104.65 467.05 Td (the ) Tj ET Q q 0 0 0 rg BT 119.51 467.05 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 172.69 467.05 Td (of ) Tj ET Q q 0 0 0 rg BT 183.66 467.05 Td (records ) Tj ET Q q 0 0 0 rg BT 215.74 467.05 Td (that, ) Tj ET Q q 0 0 0 rg BT 235.88 467.05 Td (in ) Tj ET Q q 0 0 0 rg BT 246.31 467.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 291.71 467.05 Td (detail, ) Tj ET Q q 0 0 0 rg BT 319.07 467.05 Td (accurately ) Tj ET Q q 0 0 0 rg BT 362.80 467.05 Td (and ) Tj ET Q q 0 0 0 rg BT 379.89 467.05 Td (fairly ) Tj ET Q q 0 0 0 rg BT 404.19 467.05 Td (reflect ) Tj ET Q q 0 0 0 rg BT 432.37 467.05 Td (the ) Tj ET Q q 0 0 0 rg BT 447.23 467.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 497.65 467.05 Td (and ) Tj ET Q q 0 0 0 rg BT 514.73 467.05 Td (dispositions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 455.05 Td (of ) Tj ET Q q 0 0 0 rg BT 60.54 455.05 Td (the ) Tj ET Q q 0 0 0 rg BT 75.46 455.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 101.50 455.05 Td (of ) Tj ET Q q 0 0 0 rg BT 112.54 455.05 Td (the ) Tj ET Q q 0 0 0 rg BT 127.47 455.05 Td (company; ) Tj ET Q q 0 0 0 rg BT 169.61 455.05 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 183.98 455.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 217.24 455.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 262.70 455.05 Td (assurance ) Tj ET Q q 0 0 0 rg BT 304.28 455.05 Td (that ) Tj ET Q q 0 0 0 rg BT 321.98 455.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 372.45 455.05 Td (are ) Tj ET Q q 0 0 0 rg BT 387.37 455.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 425.05 455.05 Td (as ) Tj ET Q q 0 0 0 rg BT 436.09 455.05 Td (necessary ) Tj ET Q q 0 0 0 rg BT 477.67 455.05 Td (to ) Tj ET Q q 0 0 0 rg BT 488.16 455.05 Td (permit ) Tj ET Q q 0 0 0 rg BT 516.97 455.05 Td (preparation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 443.05 Td (of ) Tj ET Q q 0 0 0 rg BT 61.10 443.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 99.36 443.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 144.84 443.05 Td (in ) Tj ET Q q 0 0 0 rg BT 155.90 443.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 204.13 443.05 Td (with ) Tj ET Q q 0 0 0 rg BT 225.18 443.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 265.66 443.05 Td (accepted ) Tj ET Q q 0 0 0 rg BT 303.90 443.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 351.05 443.05 Td (principles, ) Tj ET Q q 0 0 0 rg BT 396.26 443.05 Td (and ) Tj ET Q q 0 0 0 rg BT 413.97 443.05 Td (that ) Tj ET Q q 0 0 0 rg BT 432.24 443.05 Td (receipts ) Tj ET Q q 0 0 0 rg BT 466.61 443.05 Td (and ) Tj ET Q q 0 0 0 rg BT 484.32 443.05 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 538.69 443.05 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 443.05 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 431.05 Td (company ) Tj ET Q q 0 0 0 rg BT 88.93 431.05 Td (are ) Tj ET Q q 0 0 0 rg BT 103.90 431.05 Td (being ) Tj ET Q q 0 0 0 rg BT 128.89 431.05 Td (made ) Tj ET Q q 0 0 0 rg BT 153.31 431.05 Td (only ) Tj ET Q q 0 0 0 rg BT 173.86 431.05 Td (in ) Tj ET Q q 0 0 0 rg BT 184.41 431.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 232.14 431.05 Td (with ) Tj ET Q q 0 0 0 rg BT 252.69 431.05 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 312.11 431.05 Td (of ) Tj ET Q q 0 0 0 rg BT 323.21 431.05 Td (management ) Tj ET Q q 0 0 0 rg BT 377.07 431.05 Td (and ) Tj ET Q q 0 0 0 rg BT 394.28 431.05 Td (directors ) Tj ET Q q 0 0 0 rg BT 432.03 431.05 Td (of ) Tj ET Q q 0 0 0 rg BT 443.13 431.05 Td (the ) Tj ET Q q 0 0 0 rg BT 458.12 431.05 Td (company; ) Tj ET Q q 0 0 0 rg BT 500.32 431.05 Td (and ) Tj ET Q q 0 0 0 rg BT 517.53 431.05 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 531.96 431.05 Td (provide ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 419.05 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 94.98 419.05 Td (assurance ) Tj ET Q q 0 0 0 rg BT 136.58 419.05 Td (regarding ) Tj ET Q q 0 0 0 rg BT 177.62 419.05 Td (prevention ) Tj ET Q q 0 0 0 rg BT 223.11 419.05 Td (or ) Tj ET Q q 0 0 0 rg BT 234.17 419.05 Td (timely ) Tj ET Q q 0 0 0 rg BT 262.45 419.05 Td (detection ) Tj ET Q q 0 0 0 rg BT 301.83 419.05 Td (of ) Tj ET Q q 0 0 0 rg BT 312.89 419.05 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 367.82 419.05 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 416.93 419.05 Td (use, ) Tj ET Q q 0 0 0 rg BT 435.49 419.05 Td (or ) Tj ET Q q 0 0 0 rg BT 446.55 419.05 Td (disposition ) Tj ET Q q 0 0 0 rg BT 493.17 419.05 Td (of ) Tj ET Q q 0 0 0 rg BT 504.23 419.05 Td (the ) Tj ET Q q 0 0 0 rg BT 519.18 419.05 Td (company) Tj ET Q q 0 0 0 rg BT 558.61 419.05 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 407.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.33 407.05 Td (that ) Tj ET Q q 0 0 0 rg BT 92.83 407.05 Td (could ) Tj ET Q q 0 0 0 rg BT 117.54 407.05 Td (have ) Tj ET Q q 0 0 0 rg BT 138.92 407.05 Td (a ) Tj ET Q q 0 0 0 rg BT 145.86 407.05 Td (material ) Tj ET Q q 0 0 0 rg BT 181.12 407.05 Td (ef) Tj ET Q q 0 0 0 rg BT 188.70 407.05 Td (fect ) Tj ET Q q 0 0 0 rg BT 206.19 407.05 Td (on ) Tj ET Q q 0 0 0 rg BT 218.69 407.05 Td (the ) Tj ET Q q 0 0 0 rg BT 233.41 407.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 270.89 407.05 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 386.05 Td (Because ) Tj ET Q q 0 0 0 rg BT 109.28 386.05 Td (of ) Tj ET Q q 0 0 0 rg BT 120.07 386.05 Td (its ) Tj ET Q q 0 0 0 rg BT 131.98 386.05 Td (inherent ) Tj ET Q q 0 0 0 rg BT 167.21 386.05 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 214.95 386.05 Td (internal ) Tj ET Q q 0 0 0 rg BT 247.96 386.05 Td (control ) Tj ET Q q 0 0 0 rg BT 278.75 386.05 Td (over ) Tj ET Q q 0 0 0 rg BT 298.98 386.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 336.42 386.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 375.54 386.05 Td (may ) Tj ET Q q 0 0 0 rg BT 395.22 386.05 Td (not ) Tj ET Q q 0 0 0 rg BT 410.46 386.05 Td (prevent ) Tj ET Q q 0 0 0 rg BT 442.91 386.05 Td (or ) Tj ET Q q 0 0 0 rg BT 453.71 386.05 Td (detect ) Tj ET Q q 0 0 0 rg BT 480.04 386.05 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 541.12 386.05 Td (Also, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 374.05 Td (projections ) Tj ET Q q 0 0 0 rg BT 95.87 374.05 Td (of ) Tj ET Q q 0 0 0 rg BT 106.13 374.05 Td (any ) Tj ET Q q 0 0 0 rg BT 122.50 374.05 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 166.08 374.05 Td (of ) Tj ET Q q 0 0 0 rg BT 176.35 374.05 Td (ef) Tj ET Q q 0 0 0 rg BT 183.93 374.05 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 230.29 374.05 Td (to ) Tj ET Q q 0 0 0 rg BT 240.00 374.05 Td (future ) Tj ET Q q 0 0 0 rg BT 265.81 374.05 Td (periods ) Tj ET Q q 0 0 0 rg BT 297.18 374.05 Td (are ) Tj ET Q q 0 0 0 rg BT 311.32 374.05 Td (subject ) Tj ET Q q 0 0 0 rg BT 341.58 374.05 Td (to ) Tj ET Q q 0 0 0 rg BT 351.29 374.05 Td (the ) Tj ET Q q 0 0 0 rg BT 365.44 374.05 Td (risk ) Tj ET Q q 0 0 0 rg BT 382.37 374.05 Td (that ) Tj ET Q q 0 0 0 rg BT 399.30 374.05 Td (controls ) Tj ET Q q 0 0 0 rg BT 433.45 374.05 Td (may ) Tj ET Q q 0 0 0 rg BT 452.60 374.05 Td (become ) Tj ET Q q 0 0 0 rg BT 485.63 374.05 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 530.87 374.05 Td (because ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 362.05 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 362.05 Td (changes ) Tj ET Q q 0 0 0 rg BT 95.04 362.05 Td (in ) Tj ET Q q 0 0 0 rg BT 105.32 362.05 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 151.98 362.05 Td (or ) Tj ET Q q 0 0 0 rg BT 162.81 362.05 Td (that ) Tj ET Q q 0 0 0 rg BT 180.31 362.05 Td (the ) Tj ET Q q 0 0 0 rg BT 195.02 362.05 Td (degree ) Tj ET Q q 0 0 0 rg BT 224.17 362.05 Td (of ) Tj ET Q q 0 0 0 rg BT 235.00 362.05 Td (compliance ) Tj ET Q q 0 0 0 rg BT 283.59 362.05 Td (with ) Tj ET Q q 0 0 0 rg BT 303.87 362.05 Td (the ) Tj ET Q q 0 0 0 rg BT 318.58 362.05 Td (policies ) Tj ET Q q 0 0 0 rg BT 352.19 362.05 Td (or ) Tj ET Q q 0 0 0 rg BT 363.02 362.05 Td (procedures ) Tj ET Q q 0 0 0 rg BT 409.38 362.05 Td (may ) Tj ET Q q 0 0 0 rg BT 429.10 362.05 Td (deteriorate.) 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rg BT 462.65 609.17 Td (46,325) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 609.17 Td (16,243) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 595.07 Td (Accounts receivable, net of allowances for doubtful accounts of $81 and $74 as of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 585.07 Td (December 31, 2013 and December 31, 2012, respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 584.17 Td (12,024) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 584.17 Td (9,753) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 570.07 Td (Prepaid expenses and other current assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 569.17 Td (6,473) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 569.17 Td (3,601) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 555.07 Td (Note receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.15 554.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 554.17 Td (1,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 540.07 Td (Total current assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 539.17 Td (98,284) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 539.17 Td (74,711) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 525.07 Td (Property and equipment, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 524.17 Td (12,751) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 524.17 Td (9,494) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 510.07 Td (Long-term investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 509.17 Td (56,285) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 509.17 Td (43,728) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 495.07 Td (Other intangible assets, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 494.17 Td (5,089) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 494.17 Td (6,531) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 480.07 Td (Goodwill) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 479.17 Td (51,051) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 479.17 Td (51,051) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 465.07 Td (Deposits and other assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 464.17 Td (5,112) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 464.17 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 450.07 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.50 449.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 449.17 Td (228,572) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.50 449.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.65 449.17 Td (185,615) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 435.07 Td (Liabilities and Stockholders Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 420.07 Td (Current liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 405.07 Td (Accounts payable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.50 404.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 404.17 Td (3,783) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.50 404.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 404.17 Td (2,039) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 390.07 Td (Accrued and other current liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 389.17 Td (10,224) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 389.17 Td (6,044) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 375.07 Td (Acquisition holdback, net of discount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 374.17 Td (1,965) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 374.17 Td (2,948) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 360.07 Td (Deferred revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 359.17 Td (4,752) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 359.17 Td (4,896) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 345.07 Td (Total current liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 344.17 Td (20,724) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 344.17 Td (15,927) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 330.07 Td (Acquisition 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Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.15 189.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.30 189.22 Td (\(17,692) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.15 189.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 175.07 Td (Total stockholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 174.17 Td (206,896) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.65 174.17 Td (166,862) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 160.07 Td (Total liabilities and stockholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.50 159.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 159.17 Td (228,572) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.50 159.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.65 159.17 Td (185,615) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.00 145.40 Td (See accompanying notes to these consolidated financial statements.) 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Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 154.75 723.18 Td (CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 196.50 709.18 Td (\(in thousands, except share and per share amounts\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 689.17 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.60 688.73 Td (Year ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 674.17 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.00 673.73 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.00 673.73 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.20 673.73 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 660.07 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 659.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.60 659.17 Td (128,481) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 659.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.60 659.17 Td (101,845) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 659.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 659.17 Td (55,494) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 645.07 Td (Cost of revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 644.17 Td (32,748) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 644.17 Td (23,114) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 644.17 Td (15,784) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 630.07 Td (Gross profit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 629.17 Td (95,733) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 629.17 Td (78,731) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 629.17 Td (39,710) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 615.07 Td (Operating expenses:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 600.07 Td (Sales and marketing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 599.17 Td (21,331) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 599.17 Td (17,887) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 599.17 Td (12,126) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 585.07 Td (Research and development) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 584.17 Td (24,695) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 584.17 Td (18,053) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 584.17 Td (12,975) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 570.07 Td (General and administrative) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 569.17 Td (30,853) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 569.17 Td (21,601) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 569.17 Td (12,900) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 555.07 Td (Total operating expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 554.17 Td (76,879) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 554.17 Td (57,541) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 554.17 Td (38,001) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 540.07 Td (Income from operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 539.17 Td (18,854) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 539.17 Td (21,190) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 539.17 Td (1,709) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 525.07 Td (Other income \(expense\), net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.15 524.17 Td (460) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.80 524.22 Td (\(43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.15 524.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 524.17 Td (76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 510.07 Td (Income before income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 509.17 Td (19,314) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 509.17 Td (21,147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 509.17 Td (1,785) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 495.07 Td (Income tax provision \(benefit\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.65 494.17 Td (6,738) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 494.17 Td (1,683) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.30 494.22 Td (\(1,835) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.15 494.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 480.07 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 479.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 479.17 Td (12,576) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 479.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 479.17 Td (19,464) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 479.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 479.17 Td (3,620) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 465.07 Td (Net income per share of common stock:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 450.07 Td (Basic) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 449.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 449.17 Td (0.47) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.65 449.17 Td (0.83) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 449.17 Td (0.23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 435.07 Td (Diluted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 434.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.65 434.17 Td (0.44) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.65 434.17 Td (0.76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 434.17 Td (0.18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 420.07 Td (Weighted average common shares used in computing net income per share of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 410.07 Td (common stock:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 395.07 Td (Basic) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.60 393.96 Td (26,581,962) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.60 393.96 Td (23,523,222) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.60 393.96 Td (15,618,053) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.50 380.07 Td (Diluted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.60 378.96 Td (28,502,403) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.60 378.96 Td (25,537,192) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.60 378.96 Td (20,649,451) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 351.07 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 350.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 350.17 Td (12,576) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 350.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 350.17 Td (19,464) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 350.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 350.17 Td (3,620) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 336.07 Td (Other comprehensive income, net of taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 321.07 Td (Unrealized gain \(loss\) on investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.15 320.17 Td (31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.80 320.22 Td (\(65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.15 320.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 320.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 306.07 Td (Comprehensive income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 305.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 305.17 Td (12,607) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 305.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 305.17 Td (19,399) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 305.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 305.17 Td (3,620) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 291.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.00 272.80 Td (See accompanying notes to these consolidated financial statements.) 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Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.35 543.85 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 145.17 543.85 Td (TED ST) Tj ET Q q 0 0 0 rg BT 179.72 543.85 Td (A) Tj ET Q q 0 0 0 rg BT 186.20 543.85 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 251.12 543.85 Td ( REDEEMABLE CONVER) Tj ET Q q 0 0 0 rg BT 370.23 543.85 Td (TIBLE PREFERRED ST) Tj ET Q q 0 0 0 rg BT 478.96 543.85 Td (OCK ) Tj ET Q q 0 0 0 rg BT 503.69 543.85 Td (AND ST) Tj ET Q q 0 0 0 rg BT 539.91 543.85 Td (OCKHOLDERS) Tj ET Q q 0 0 0 rg BT 614.17 543.85 Td ( EQUITY) Tj ET Q q 0 0 0 rg BT 655.76 543.85 Td ( \(DEFICIT\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.05 531.85 Td (\(in thousands, except shar) Tj ET Q q 0 0 0 rg BT 428.00 531.85 Td (e amounts\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 469.35 255.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 469.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 469.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 469.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 469.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 469.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 469.35 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 469.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 469.35 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 469.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 469.35 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.00 469.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 556.00 469.35 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 618.00 469.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 622.00 469.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 469.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 469.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 443.35 255.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 443.35 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 443.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 443.35 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 443.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 443.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 443.35 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 443.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 443.35 37.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 443.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 443.35 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.00 443.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 556.00 443.35 62.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 618.00 443.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 622.00 443.35 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 443.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 443.35 61.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 409.35 255.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 409.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 409.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 409.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 409.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 409.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 409.35 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 409.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 409.35 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 409.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 409.35 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.00 409.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 556.00 409.35 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 618.00 409.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 622.00 409.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 409.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 409.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 383.35 255.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 383.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 383.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 383.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 383.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 383.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 383.35 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 383.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 383.35 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 383.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 383.35 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.00 383.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 556.00 383.35 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 618.00 383.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 622.00 383.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 383.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 383.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 357.35 255.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 357.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 357.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 357.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 357.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 357.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 357.35 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 357.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 357.35 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 357.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 357.35 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.00 357.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 556.00 357.35 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 618.00 357.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 622.00 357.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 357.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 357.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 331.35 255.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 331.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 331.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 331.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 331.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 331.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 331.35 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 331.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 331.35 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 331.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 331.35 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.00 331.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 556.00 331.35 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 618.00 331.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 622.00 331.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 331.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 331.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 305.35 255.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 305.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 305.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 305.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 305.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 305.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 305.35 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 305.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 305.35 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 305.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 305.35 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.00 305.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 556.00 305.35 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 618.00 305.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 622.00 305.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 305.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 305.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 279.35 255.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 279.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 279.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 279.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 279.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 279.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 279.35 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 279.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 279.35 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 279.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 279.35 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.00 279.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 556.00 279.35 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 618.00 279.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 622.00 279.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 279.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 279.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 253.35 255.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 253.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 253.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 253.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 253.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 253.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 253.35 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 253.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 253.35 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 253.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 253.35 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.00 253.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 556.00 253.35 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 618.00 253.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 622.00 253.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 253.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 253.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 227.35 255.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 227.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 227.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 227.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 227.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 227.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 227.35 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 227.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 227.35 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 227.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 227.35 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.00 227.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 556.00 227.35 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 618.00 227.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 622.00 227.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 227.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 227.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 201.35 255.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 201.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 201.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 201.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 201.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 201.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 201.35 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 201.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 201.35 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 201.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 201.35 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.00 201.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 556.00 201.35 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 618.00 201.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 622.00 201.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 677.00 201.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 681.00 201.35 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 175.35 255.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 175.35 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 175.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 175.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 175.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 175.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.00 175.35 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.00 175.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.00 175.35 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 175.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 175.35 46.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 552.00 175.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 556.00 175.35 62.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 618.00 175.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 622.00 175.35 55.00 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net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 400.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 400.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 400.60 Td (5,000,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 400.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 400.60 Td (21,392) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 400.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 400.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 716.80 400.60 Td (21,392) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 387.60 Td (Conversion of preferred stock to common stock in connection with IPO) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.10 387.60 Td (\(11,770,472) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.80 387.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.10 387.60 Td (\(82,672) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.80 387.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.75 387.60 Td (11,770,472) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 387.60 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 387.60 Td (82,670) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 387.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 387.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 716.80 387.60 Td (82,672) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 374.60 Td (Stock-based compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 374.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 374.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.80 374.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 374.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.75 374.60 Td (1,680) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 374.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 374.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 720.80 374.60 Td (1,680) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 361.60 Td (Excess tax benefit from exercise of stock options) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 361.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 361.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.80 361.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 361.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 544.80 361.60 Td (9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 361.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 361.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 734.80 361.60 Td (9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 348.60 Td (Net income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 348.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 348.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.80 348.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 348.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 348.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 348.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 655.80 348.60 Td (3,620) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 720.80 348.60 Td (3,620) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 335.60 Td (Balances, December 31, 2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 335.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 335.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.75 335.60 Td (21,019,590) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 335.60 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.75 335.60 Td (116,012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 335.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 649.10 335.65 Td (\(37,156) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 673.80 335.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 716.80 335.60 Td (78,858) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 322.60 Td (Issuance of common stock under stock incentive plans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 322.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 322.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 322.60 Td (1,447,456) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 322.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.75 322.60 Td (3,516) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 322.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 322.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 720.80 322.60 Td (3,516) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 309.60 Td (Issuance of common stock under employee stock purchase plan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 309.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 309.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.75 309.60 Td (126,242) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 309.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.80 309.60 Td (742) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 309.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 309.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 726.80 309.60 Td (742) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 296.60 Td (Issuance of common stock in connection with public offering, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 296.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 296.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 296.60 Td (3,465,245) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 296.60 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 296.60 Td (55,530) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 296.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 296.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 716.80 296.60 Td (55,531) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 283.60 Td (Stock-based compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 283.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 283.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.80 283.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 283.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.75 283.60 Td (6,849) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 283.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 283.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 720.80 283.60 Td (6,849) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 270.60 Td (Excess tax benefit from exercise of stock options) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 270.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 270.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.80 270.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 270.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.75 270.60 Td (1,967) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 270.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 270.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 720.80 270.60 Td (1,967) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 257.60 Td (Unrealized gain \(loss\) on investments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 257.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 257.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.80 257.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 257.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 257.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 604.10 257.65 Td (\(65) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 614.80 257.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 257.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 728.10 257.65 Td (\(65) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 738.80 257.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 244.60 Td (Net income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 244.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 244.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.80 244.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 244.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 244.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 244.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 651.80 244.60 Td (19,464) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 716.80 244.60 Td (19,464) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 231.60 Td (Balances, December 31, 2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 231.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 231.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.75 231.60 Td (26,058,533) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 231.60 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.75 231.60 Td (184,616) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 604.10 231.65 Td (\(65) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 614.80 231.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 649.10 231.65 Td (\(17,692) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 673.80 231.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 712.80 231.60 Td (166,862) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 218.60 Td (Issuance of common stock under stock incentive plans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 218.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 218.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 218.60 Td (1,462,566) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 218.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.75 218.60 Td (4,623) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 218.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 218.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 720.80 218.60 Td (4,623) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 205.60 Td (Shares withheld for employee taxes related to vested restricted stock units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 205.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 205.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.10 205.60 Td (\(6,344) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.80 205.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.10 205.60 Td (\(174) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 548.80 205.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 724.10 205.65 Td (\(174) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 738.80 205.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 192.60 Td (Issuance of common stock under employee stock purchase plan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 192.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 192.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.75 192.60 Td (109,270) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 192.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.75 192.60 Td (1,922) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 192.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 192.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 720.80 192.60 Td (1,922) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 179.60 Td (Stock-based compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 179.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 179.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.80 179.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 179.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 179.60 Td (14,390) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 179.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 179.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 716.80 179.60 Td (14,390) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 166.60 Td (Excess tax benefit from exercise of stock options) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 166.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 166.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.80 166.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 166.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.75 166.60 Td (6,666) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 166.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 166.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 720.80 166.60 Td (6,666) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 153.60 Td (Unrealized gains on investments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 153.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 153.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.80 153.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 153.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 153.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 153.60 Td (31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 665.80 153.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 730.80 153.60 Td (31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 140.60 Td (Net income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 140.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 140.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.80 140.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.80 140.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 540.80 140.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 606.80 140.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 651.80 140.60 Td (12,576) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 716.80 140.60 Td (12,576) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 127.60 Td (Balances, December 31, 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 127.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.50 127.60 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.80 127.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.75 127.60 Td (27,624,025) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.50 127.60 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.80 127.60 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.50 127.60 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.75 127.60 Td (212,043) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 558.50 127.60 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 604.10 127.65 Td (\(34) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 614.80 127.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 624.50 127.60 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 653.10 127.65 Td (\(5,116) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 673.80 127.60 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 683.50 127.60 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 712.80 127.60 Td (206,896) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.00 114.25 Td (See accompanying notes to these consolidated financial statements.) Tj ET Q endstream endobj 107 0 obj <> endobj 108 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (51) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 274.85 749.25 Td (Ellie Mae, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 188.65 737.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.47 737.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.02 737.25 Td (A) Tj ET Q q 0 0 0 rg BT 289.50 737.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.42 737.25 Td ( CASH FLOWS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 275.55 725.25 Td (\(in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 688.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 688.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 688.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 688.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 688.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 688.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 662.75 345.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 662.75 53.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 662.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 662.75 53.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 662.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 662.75 53.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 627.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 627.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 627.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 627.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 627.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 627.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 601.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 601.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 601.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 601.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 601.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 601.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 575.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 575.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 575.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 575.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 575.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 575.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 549.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 549.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 549.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 549.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 549.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 549.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 523.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 523.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 523.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 523.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 497.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 497.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 497.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 497.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 471.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 471.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 471.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 471.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 471.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 471.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 445.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 445.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 445.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 445.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 445.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 445.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 419.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 419.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 419.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 419.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 419.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 419.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 393.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 393.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 393.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 393.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 393.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 393.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 367.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 367.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 367.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 367.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 367.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 367.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 341.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 341.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 341.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 341.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 341.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 341.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 315.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 315.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 315.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 315.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 315.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 315.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 289.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 289.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 289.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 289.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 289.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 289.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 263.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 263.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 263.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 263.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 263.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 263.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 237.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 237.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 237.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 237.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 237.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 237.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 211.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 211.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 211.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 211.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 211.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 211.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 185.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 185.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 185.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 185.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 185.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 185.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 159.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 159.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 159.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 159.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 159.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 159.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 133.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 133.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 133.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 133.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 133.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 133.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 107.75 345.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 107.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 107.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 107.75 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 107.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 107.75 53.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 701.75 m 447.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 701.75 m 451.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 701.75 m 504.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 701.75 m 508.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 701.75 m 561.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 701.75 m 447.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 688.75 m 447.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 701.75 m 451.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 701.75 m 504.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 688.75 m 504.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 701.75 m 508.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 701.75 m 561.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 688.75 m 561.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 432.75 m 447.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 432.75 m 504.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 432.75 m 561.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 419.75 m 447.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 419.75 m 504.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 419.75 m 561.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 341.75 m 447.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 341.75 m 504.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 341.75 m 561.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 328.75 m 447.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 328.75 m 504.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 328.75 m 561.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 237.75 m 447.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 237.75 m 504.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 237.75 m 561.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 224.75 m 447.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 224.75 m 504.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 224.75 m 561.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 224.75 m 447.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 224.75 m 504.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 224.75 m 561.5 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 198.75 m 447.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 198.75 m 504.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 198.75 m 561.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 186.75 m 447.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 184.75 m 447.5 184.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 186.75 m 504.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 184.75 m 504.5 184.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 186.75 m 561.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 184.75 m 561.5 184.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 705.32 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.10 705.98 Td (Year ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 692.32 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 412.50 692.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.50 692.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.70 692.98 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 679.32 Td (CASH FLOWS FROM OPERATING ACTIVITIES:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 666.32 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.00 666.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 666.32 Td (12,576) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.00 666.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.15 666.32 Td (19,464) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.00 666.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 666.32 Td (3,620) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 653.32 Td (Adjustments to reconcile net income to net cash provided by operating) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 643.37 Td (activities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 631.32 Td (Depreciation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 631.32 Td (4,845) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.15 631.32 Td (3,144) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 631.32 Td (1,964) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 618.32 Td (Provision for uncollectible accounts receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.65 618.32 Td (32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.65 618.32 Td (70) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 618.32 Td (469) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 605.32 Td (Amortization of other intangible assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 605.32 Td (1,442) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.15 605.32 Td (1,635) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 605.32 Td (896) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 592.32 Td (Amortization of discount related to holdback) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 592.32 Td (106) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.65 592.32 Td (186) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 592.32 Td (80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 579.32 Td (Amortization of investment premium) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 579.32 Td (1,614) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.65 579.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 579.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 566.32 Td (Stock-based compensation expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 566.32 Td (14,259) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.15 566.32 Td (6,849) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 566.32 Td (1,680) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 553.32 Td (Loss on sale of property and equipment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.65 553.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.65 553.32 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 553.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 540.32 Td (Excess tax benefit from exercise of stock options) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.80 540.37 Td (\(6,666) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 540.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.80 540.37 Td (\(1,967) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.65 540.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 540.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 527.32 Td (Deferred income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.80 527.37 Td (\(2,987) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 527.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.30 527.37 Td (\(559) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.65 527.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.80 527.37 Td (\(1,654) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 527.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 514.32 Td (Changes in operating assets and liabilities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.00 501.32 Td (Accounts receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.80 501.37 Td (\(2,303) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 501.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.80 501.37 Td (\(3,004) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.65 501.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.80 501.37 Td (\(2,584) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 501.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.00 488.32 Td (Prepaid expenses and other current assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 488.32 Td (3,466) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.80 488.37 Td (\(1,506) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.65 488.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.30 488.37 Td (\(650) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 488.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.00 475.32 Td (Deposits and other assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.80 475.37 Td (\(1,353) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 475.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.65 475.32 Td (50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 475.32 Td (621) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.00 462.32 Td (Accounts payable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 462.32 Td (907) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.65 462.32 Td (500) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 462.32 Td (479) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.00 449.32 Td (Accrued, other current and other liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 449.32 Td (3,437) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.15 449.32 Td (2,538) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 449.32 Td (1,130) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.00 436.32 Td (Deferred revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.30 436.37 Td (\(127) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 436.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.65 436.32 Td (334) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 436.32 Td (321) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 118.00 423.48 Td (Net cash provided by operating activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 423.32 Td (29,248) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.15 423.32 Td (27,753) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 423.32 Td (6,372) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 410.32 Td (CASH FLOWS FROM INVESTING ACTIVITIES:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 397.32 Td (Acquisition of property and equipment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.80 397.37 Td (\(6,092) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 397.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.80 397.37 Td (\(8,121) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.65 397.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.80 397.37 Td (\(3,688) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 397.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 384.32 Td (Purchase of investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.80 384.37 Td (\(101,121) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 384.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.80 384.37 Td (\(65,811) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.65 384.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.80 384.37 Td (\(6,228) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 384.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 371.32 Td (Maturities of investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 371.32 Td (56,899) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.15 371.32 Td (7,708) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 371.32 Td (6,851) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 358.32 Td (Acquisitions, net of cash acquired) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.80 358.37 Td (\(3,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 358.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.80 358.37 Td (\(2,907) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.65 358.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.80 358.37 Td (\(18,188) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 358.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 345.32 Td (Other investing activities, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 345.32 Td (1,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.65 345.32 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.30 345.37 Td (\(15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 345.32 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 118.00 332.48 Td (Net cash used in investing activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.80 332.37 Td (\(52,314) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 332.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.80 332.37 Td (\(69,121) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.65 332.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.80 332.37 Td (\(21,268) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 332.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 319.32 Td (CASH FLOWS FROM FINANCING ACTIVITIES:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 306.32 Td (Proceeds from public offerings, net of commissions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.65 306.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.15 306.32 Td (55,964) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 306.32 Td (27,900) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 293.32 Td (Offering costs paid during the period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.65 293.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.30 293.37 Td (\(433) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.65 293.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.80 293.37 Td (\(4,824) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 293.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 280.32 Td (Payment of capital lease obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.30 280.37 Td (\(624) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 280.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.30 280.37 Td (\(6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.65 280.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.30 280.37 Td (\(116) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 280.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 267.32 Td (Proceeds from issuance of common stock under employee stock plans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 267.32 Td (6,546) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.15 267.32 Td (4,258) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 267.32 Td (1,310) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 254.32 Td (Tax payments related to shares withheld for vested restricted stock units) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.30 254.37 Td (\(174) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 254.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.65 254.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 254.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 241.32 Td (Excess tax benefit from exercise of stock options) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 241.32 Td (6,666) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.15 241.32 Td (1,967) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 241.32 Td (9) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 118.00 228.48 Td (Net cash provided by financing activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 228.32 Td (12,414) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.15 228.32 Td (61,750) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 228.32 Td (24,279) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 215.32 Td (NET INCREASE \(DECREASE\) IN CASH AND CASH EQUIVALENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.80 215.37 Td (\(10,652) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 215.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.15 215.32 Td (20,382) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 215.32 Td (9,383) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 202.32 Td (CASH AND CASH EQUIVALENTS, Beginning of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 202.32 Td (44,114) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.15 202.32 Td (23,732) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 202.32 Td (14,349) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 189.32 Td (CASH AND CASH EQUIVALENTS, End of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.00 189.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.15 189.32 Td (33,462) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.00 189.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.15 189.32 Td (44,114) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.00 189.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 189.32 Td (23,732) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 176.32 Td (Supplemental disclosure of cash flow information:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 163.32 Td (Cash paid for interest) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.00 163.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 163.32 Td (268) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.00 163.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.65 163.32 Td (356) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.00 163.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 163.32 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 150.32 Td (Cash paid for income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.00 150.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 150.32 Td (4,582) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.00 150.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.65 150.32 Td (212) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.00 150.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 150.32 Td (193) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 137.32 Td (Supplemental disclosure of non-cash investing and financing activities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 124.32 Td (Fixed asset purchases not yet paid) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.00 124.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 124.32 Td (884) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.00 124.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.65 124.32 Td (186) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.00 124.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 124.32 Td (801) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 111.32 Td (Stock-based compensation capitalized to property and equipment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.00 111.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.65 111.32 Td (131) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.00 111.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.65 111.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.00 111.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 111.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 98.32 Td (Acquisition of property and equipment under capital leases) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.00 98.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 98.32 Td (1,271) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.00 98.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.65 98.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.00 98.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 98.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 85.32 Td (Conversion of preferred stock to common stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.00 85.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.65 85.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.00 85.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.65 85.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.00 85.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 85.32 Td (82,670) Tj ET Q BT /F2 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.00 63.65 Td (See accompanying notes to these consolidated financial statements.) Tj ET Q endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (52) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 274.85 740.25 Td (Ellie Mae, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 175.30 728.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 211.52 728.25 Td (T) Tj ET Q q 0 0 0 rg BT 218.01 728.25 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.11 728.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 367.29 728.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 381.28 728.25 Td (A) Tj ET Q q 0 0 0 rg BT 387.76 728.25 Td (TEMENTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 702.25 Td (NOTE ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.34 702.25 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.34 702.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 95.34 702.25 Td (Description ) Tj ET Q q 0 0 0 rg BT 147.28 702.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.11 702.25 Td (Business) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 194.79 702.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 668.85 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 93.82 668.85 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 116.52 668.85 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 134.23 668.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 152.21 668.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 202.41 668.85 Td (or ) Tj ET Q q 0 0 0 rg BT 213.18 668.85 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 238.94 668.85 Td (Mae\) ) Tj ET Q q 0 0 0 rg BT 266.91 668.85 Td (is ) Tj ET Q q 0 0 0 rg BT 276.02 668.85 Td (a ) Tj ET Q q 0 0 0 rg BT 282.89 668.85 Td (leading ) Tj ET Q q 0 0 0 rg BT 314.76 668.85 Td (provider ) Tj ET Q q 0 0 0 rg BT 351.07 668.85 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.84 668.85 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 409.26 668.85 Td (software ) Tj ET Q q 0 0 0 rg BT 446.13 668.85 Td (solutions ) Tj ET Q q 0 0 0 rg BT 484.68 668.85 Td (and ) Tj ET Q q 0 0 0 rg BT 501.56 668.85 Td (services ) Tj ET Q q 0 0 0 rg BT 536.20 668.85 Td (for ) Tj ET Q q 0 0 0 rg BT 550.30 668.85 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 656.85 Td (residential ) Tj ET Q q 0 0 0 rg BT 93.49 656.85 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 133.59 656.85 Td (industry ) Tj ET Q q 0 0 0 rg BT 168.71 656.85 Td (in ) Tj ET Q q 0 0 0 rg BT 178.83 656.85 Td (the ) Tj ET Q q 0 0 0 rg BT 193.38 656.85 Td (United ) Tj ET Q q 0 0 0 rg BT 222.94 656.85 Td (States) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.82 656.85 Td (.Its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.66 656.85 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 306.77 656.85 Td (management ) Tj ET Q q 0 0 0 rg BT 360.19 656.85 Td (solutions ) Tj ET Q q 0 0 0 rg BT 398.65 656.85 Td (help ) Tj ET Q q 0 0 0 rg BT 418.21 656.85 Td (streamline ) Tj ET Q q 0 0 0 rg BT 462.20 656.85 Td (and ) Tj ET Q q 0 0 0 rg BT 478.97 656.85 Td (automate ) Tj ET Q q 0 0 0 rg BT 517.96 656.85 Td (the ) Tj ET Q q 0 0 0 rg BT 532.52 656.85 Td (process ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.85 Td (of ) Tj ET Q q 0 0 0 rg BT 61.51 644.85 Td (originating ) Tj ET Q q 0 0 0 rg BT 109.08 644.85 Td (and ) Tj ET Q q 0 0 0 rg BT 127.20 644.85 Td (funding ) Tj ET Q q 0 0 0 rg BT 162.00 644.85 Td (new ) Tj ET Q q 0 0 0 rg BT 182.34 644.85 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 223.79 644.85 Td (loans, ) Tj ET Q q 0 0 0 rg BT 251.08 644.85 Td (thereby ) Tj ET Q q 0 0 0 rg BT 284.75 644.85 Td (increasing ) Tj ET Q q 0 0 0 rg BT 329.53 644.85 Td (ef) Tj ET Q q 0 0 0 rg BT 337.11 644.85 Td (ficiency) Tj ET Q q 0 0 0 rg BT 368.67 644.85 Td (, ) Tj ET Q q 0 0 0 rg BT 374.85 644.85 Td (improving ) Tj ET Q q 0 0 0 rg BT 420.20 644.85 Td (loan ) Tj ET Q q 0 0 0 rg BT 441.10 644.85 Td (quality) Tj ET Q q 0 0 0 rg BT 468.23 644.85 Td (, ) Tj ET Q q 0 0 0 rg BT 474.41 644.85 Td (facilitating ) Tj ET Q q 0 0 0 rg BT 521.41 644.85 Td (regulatory ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.85 Td (compliance ) Tj ET Q q 0 0 0 rg BT 98.09 632.85 Td (and ) Tj ET Q q 0 0 0 rg BT 115.03 632.85 Td (reducing ) Tj ET Q q 0 0 0 rg BT 152.51 632.85 Td (documentation ) Tj ET Q q 0 0 0 rg BT 214.44 632.85 Td (errors ) Tj ET Q q 0 0 0 rg BT 240.26 632.85 Td (while ) Tj ET Q q 0 0 0 rg BT 264.98 632.85 Td (providing ) Tj ET Q q 0 0 0 rg BT 306.37 632.85 Td (one ) Tj ET Q q 0 0 0 rg BT 323.30 632.85 Td (system ) Tj ET Q q 0 0 0 rg BT 353.58 632.85 Td (of ) Tj ET Q q 0 0 0 rg BT 364.41 632.85 Td (record ) Tj ET Q q 0 0 0 rg BT 392.45 632.85 Td (for ) Tj ET Q q 0 0 0 rg BT 406.61 632.85 Td (loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.72 632.85 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 606.85 Td (NOTE ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.34 606.85 Td (2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.34 606.85 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 95.34 606.85 Td (Basis ) Tj ET Q q 0 0 0 rg BT 120.07 606.85 Td (of ) Tj ET Q q 0 0 0 rg BT 130.90 606.85 Td (Pr) Tj ET Q q 0 0 0 rg BT 141.27 606.85 Td (esentation ) Tj ET Q q 0 0 0 rg BT 187.10 606.85 Td (and ) Tj ET Q q 0 0 0 rg BT 205.72 606.85 Td (Significant ) Tj ET Q q 0 0 0 rg BT 253.79 606.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 305.18 606.85 Td (Policies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 337.39 606.85 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 580.85 Td (Principles ) Tj ET Q q 0 0 0 rg BT 105.67 580.85 Td (of ) Tj ET Q q 0 0 0 rg BT 116.50 580.85 Td (Consolidation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 563.85 Td (The ) Tj ET Q q 0 0 0 rg BT 90.74 563.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 142.97 563.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 179.64 563.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 223.54 563.85 Td (include ) Tj ET Q q 0 0 0 rg BT 254.66 563.85 Td (the ) Tj ET Q q 0 0 0 rg BT 268.57 563.85 Td (accounts ) Tj ET Q q 0 0 0 rg BT 305.24 563.85 Td (of ) Tj ET Q q 0 0 0 rg BT 315.26 563.85 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 335.83 563.85 Td (Mae ) Tj ET Q q 0 0 0 rg BT 355.29 563.85 Td (and ) Tj ET Q q 0 0 0 rg BT 371.42 563.85 Td (its ) Tj ET Q q 0 0 0 rg BT 382.56 563.85 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 442.02 563.85 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 493.05 563.85 Td (All ) Tj ET Q q 0 0 0 rg BT 507.52 563.85 Td (intercompany ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 551.85 Td (balances ) Tj ET Q q 0 0 0 rg BT 86.42 551.85 Td (and ) Tj ET Q q 0 0 0 rg BT 103.36 551.85 Td (transactions ) Tj ET Q q 0 0 0 rg BT 153.63 551.85 Td (have ) Tj ET Q q 0 0 0 rg BT 175.00 551.85 Td (been ) Tj ET Q q 0 0 0 rg BT 196.38 551.85 Td (eliminated.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 534.85 Td (Certain ) Tj ET Q q 0 0 0 rg BT 107.90 534.85 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 177.28 534.85 Td (have ) Tj ET Q q 0 0 0 rg BT 201.11 534.85 Td (been ) Tj ET Q q 0 0 0 rg BT 224.95 534.85 Td (made ) Tj ET Q q 0 0 0 rg BT 251.57 534.85 Td (to ) Tj ET Q q 0 0 0 rg BT 264.31 534.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 288.71 534.85 Td (period ) Tj ET Q q 0 0 0 rg BT 319.22 534.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 358.06 534.85 Td (to ) Tj ET Q q 0 0 0 rg BT 370.80 534.85 Td (conform ) Tj ET Q q 0 0 0 rg BT 409.64 534.85 Td (to ) Tj ET Q q 0 0 0 rg BT 422.38 534.85 Td (current ) Tj ET Q q 0 0 0 rg BT 455.66 534.85 Td (period ) Tj ET Q q 0 0 0 rg BT 486.17 534.85 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 542.50 534.85 Td (Such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 522.85 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 116.42 522.85 Td (have ) Tj ET Q q 0 0 0 rg BT 137.80 522.85 Td (no ) Tj ET Q q 0 0 0 rg BT 150.30 522.85 Td (ef) Tj ET Q q 0 0 0 rg BT 157.88 522.85 Td (fect ) Tj ET Q q 0 0 0 rg BT 175.37 522.85 Td (on ) Tj ET Q q 0 0 0 rg BT 187.87 522.85 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 228.41 522.85 Td (income ) Tj ET Q q 0 0 0 rg BT 260.34 522.85 Td (from ) Tj ET Q q 0 0 0 rg BT 282.28 522.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 326.43 522.85 Td (or ) Tj ET Q q 0 0 0 rg BT 337.26 522.85 Td (net ) Tj ET Q q 0 0 0 rg BT 351.98 522.85 Td (income ) Tj ET Q q 0 0 0 rg BT 383.91 522.85 Td (as ) Tj ET Q q 0 0 0 rg BT 394.74 522.85 Td (previously ) Tj ET Q q 0 0 0 rg BT 439.46 522.85 Td (reported.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 496.85 Td (Applicable ) Tj ET Q q 0 0 0 rg BT 107.51 496.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 157.80 496.85 Td (Guidance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 479.85 Td (Any ) Tj ET Q q 0 0 0 rg BT 94.01 479.85 Td (reference ) Tj ET Q q 0 0 0 rg BT 134.48 479.85 Td (in ) Tj ET Q q 0 0 0 rg BT 145.55 479.85 Td (these ) Tj ET Q q 0 0 0 rg BT 169.38 479.85 Td (notes ) Tj ET Q q 0 0 0 rg BT 193.78 479.85 Td (to ) Tj ET Q q 0 0 0 rg BT 204.84 479.85 Td (applicable ) Tj ET Q q 0 0 0 rg BT 249.22 479.85 Td (accounting ) Tj ET Q q 0 0 0 rg BT 296.38 479.85 Td (guidance ) Tj ET Q q 0 0 0 rg BT 335.76 479.85 Td (is ) Tj ET Q q 0 0 0 rg BT 345.72 479.85 Td (meant ) Tj ET Q q 0 0 0 rg BT 373.44 479.85 Td (to ) Tj ET Q q 0 0 0 rg BT 384.50 479.85 Td (refer ) Tj ET Q q 0 0 0 rg BT 406.66 479.85 Td (to ) Tj ET Q q 0 0 0 rg BT 417.72 479.85 Td (the ) Tj ET Q q 0 0 0 rg BT 433.23 479.85 Td (authoritative ) Tj ET Q q 0 0 0 rg BT 487.05 479.85 Td (generally ) Tj ET Q q 0 0 0 rg BT 527.54 479.85 Td (accepted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 467.85 Td (accounting ) Tj ET Q q 0 0 0 rg BT 96.52 467.85 Td (principles ) Tj ET Q q 0 0 0 rg BT 139.10 467.85 Td (in ) Tj ET Q q 0 0 0 rg BT 150.03 467.85 Td (the ) Tj ET Q q 0 0 0 rg BT 165.39 467.85 Td (United ) Tj ET Q q 0 0 0 rg BT 195.76 467.85 Td (States ) Tj ET Q q 0 0 0 rg BT 222.79 467.85 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.56 467.85 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 251.50 467.85 Td (GAAP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.72 467.85 Td (\), ) Tj ET Q q 0 0 0 rg BT 292.14 467.85 Td (as ) Tj ET Q q 0 0 0 rg BT 303.62 467.85 Td (found ) Tj ET Q q 0 0 0 rg BT 330.10 467.85 Td (in ) Tj ET Q q 0 0 0 rg BT 341.02 467.85 Td (the ) Tj ET Q q 0 0 0 rg BT 356.39 467.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 396.05 467.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 445.86 467.85 Td (Standards ) Tj ET Q q 0 0 0 rg BT 488.44 467.85 Td (Board) Tj ET Q q 0 0 0 rg BT 515.66 467.85 Td (s ) Tj ET Q q 0 0 0 rg BT 522.70 467.85 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.47 467.85 Td (F) Tj ET Q q 0 0 0 rg BT 535.29 467.85 Td (ASB) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.74 467.85 Td (\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 455.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 98.66 455.85 Td (Standards ) Tj ET Q q 0 0 0 rg BT 140.59 455.85 Td (Codification ) Tj ET Q q 0 0 0 rg BT 193.08 455.85 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.85 455.85 Td (ASC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.31 455.85 Td (\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 429.85 Td (Use ) Tj ET Q q 0 0 0 rg BT 79.55 429.85 Td (of ) Tj ET Q q 0 0 0 rg BT 90.38 429.85 Td (Estimates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 412.85 Td (The ) Tj ET Q q 0 0 0 rg BT 90.87 412.85 Td (preparation ) Tj ET Q q 0 0 0 rg BT 138.22 412.85 Td (of ) Tj ET Q q 0 0 0 rg BT 148.37 412.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 200.73 412.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 237.53 412.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 281.56 412.85 Td (in ) Tj ET Q q 0 0 0 rg BT 291.15 412.85 Td (conformity ) Tj ET Q q 0 0 0 rg BT 337.41 412.85 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.00 412.85 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 376.61 412.85 Td (GAAP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.46 412.85 Td ( ) Tj ET Q q 0 0 0 rg BT 405.28 412.85 Td (requires ) Tj ET Q q 0 0 0 rg BT 439.31 412.85 Td (management ) Tj ET Q q 0 0 0 rg BT 492.21 412.85 Td (to ) Tj ET Q q 0 0 0 rg BT 501.81 412.85 Td (make ) Tj ET Q q 0 0 0 rg BT 525.28 412.85 Td (estimates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 400.85 Td (and ) Tj ET Q q 0 0 0 rg BT 66.51 400.85 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 118.53 400.85 Td (that ) Tj ET Q q 0 0 0 rg BT 136.10 400.85 Td (af) Tj ET Q q 0 0 0 rg BT 143.69 400.85 Td (fect ) Tj ET Q q 0 0 0 rg BT 161.24 400.85 Td (the ) Tj ET Q q 0 0 0 rg BT 176.03 400.85 Td (reported ) Tj ET Q q 0 0 0 rg BT 211.92 400.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 248.38 400.85 Td (of ) Tj ET Q q 0 0 0 rg BT 259.28 400.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 285.18 400.85 Td (and ) Tj ET Q q 0 0 0 rg BT 302.20 400.85 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 341.98 400.85 Td (and ) Tj ET Q q 0 0 0 rg BT 359.00 400.85 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 402.11 400.85 Td (of ) Tj ET Q q 0 0 0 rg BT 413.02 400.85 Td (contingent ) Tj ET Q q 0 0 0 rg BT 457.80 400.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 483.70 400.85 Td (and ) Tj ET Q q 0 0 0 rg BT 500.71 400.85 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 540.50 400.85 Td (at ) Tj ET Q q 0 0 0 rg BT 550.29 400.85 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 388.85 Td (date ) Tj ET Q q 0 0 0 rg BT 69.40 388.85 Td (of ) Tj ET Q q 0 0 0 rg BT 80.97 388.85 Td (the ) Tj ET Q q 0 0 0 rg BT 96.43 388.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.65 388.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 180.11 388.85 Td (and ) Tj ET Q q 0 0 0 rg BT 197.79 388.85 Td (the ) Tj ET Q q 0 0 0 rg BT 213.25 388.85 Td (reported ) Tj ET Q q 0 0 0 rg BT 249.80 388.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 286.93 388.85 Td (of ) Tj ET Q q 0 0 0 rg BT 298.50 388.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 337.28 388.85 Td (and ) Tj ET Q q 0 0 0 rg BT 354.96 388.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 394.30 388.85 Td (during ) Tj ET Q q 0 0 0 rg BT 423.66 388.85 Td (the ) Tj ET Q q 0 0 0 rg BT 439.11 388.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 479.01 388.85 Td (period. ) Tj ET Q q 0 0 0 rg BT 510.30 388.85 Td (Management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 376.85 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 88.18 376.85 Td (estimates ) Tj ET Q q 0 0 0 rg BT 126.87 376.85 Td (on ) Tj ET Q q 0 0 0 rg BT 138.35 376.85 Td (a ) Tj ET Q q 0 0 0 rg BT 144.26 376.85 Td (regular ) Tj ET Q q 0 0 0 rg BT 174.05 376.85 Td (basis ) Tj ET Q q 0 0 0 rg BT 195.53 376.85 Td (including ) Tj ET Q q 0 0 0 rg BT 234.78 376.85 Td (those ) Tj ET Q q 0 0 0 rg BT 257.37 376.85 Td (relating ) Tj ET Q q 0 0 0 rg BT 289.39 376.85 Td (to ) Tj ET Q q 0 0 0 rg BT 298.64 376.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 331.76 376.85 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 381.28 376.85 Td (the ) Tj ET Q q 0 0 0 rg BT 394.98 376.85 Td (allowance ) Tj ET Q q 0 0 0 rg BT 436.99 376.85 Td (for ) Tj ET Q q 0 0 0 rg BT 450.12 376.85 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 485.49 376.85 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 524.45 376.85 Td (goodwill, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 364.85 Td (other ) Tj ET Q q 0 0 0 rg BT 72.61 364.85 Td (intangible ) Tj ET Q q 0 0 0 rg BT 115.16 364.85 Td (assets, ) Tj ET Q q 0 0 0 rg BT 143.56 364.85 Td (the ) Tj ET Q q 0 0 0 rg BT 158.34 364.85 Td (valuation ) Tj ET Q q 0 0 0 rg BT 198.11 364.85 Td (of ) Tj ET Q q 0 0 0 rg BT 209.01 364.85 Td (deferred ) Tj ET Q q 0 0 0 rg BT 244.88 364.85 Td (income ) Tj ET Q q 0 0 0 rg BT 276.87 364.85 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 302.48 364.85 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 352.25 364.85 Td (compensation ) Tj ET Q q 0 0 0 rg BT 410.36 364.85 Td (and ) Tj ET Q q 0 0 0 rg BT 427.36 364.85 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 483.79 364.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 498.57 364.85 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 535.29 364.85 Td (among ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 352.85 Td (others. ) Tj ET Q q 0 0 0 rg BT 79.33 352.85 Td (Actual ) Tj ET Q q 0 0 0 rg BT 109.70 352.85 Td (results ) Tj ET Q q 0 0 0 rg BT 139.52 352.85 Td (could ) Tj ET Q q 0 0 0 rg BT 165.45 352.85 Td (dif) Tj ET Q q 0 0 0 rg BT 176.38 352.85 Td (fer ) Tj ET Q q 0 0 0 rg BT 191.19 352.85 Td (from ) Tj ET Q q 0 0 0 rg BT 214.34 352.85 Td (those ) Tj ET Q q 0 0 0 rg BT 239.17 352.85 Td (estimates ) Tj ET Q q 0 0 0 rg BT 280.09 352.85 Td (and ) Tj ET Q q 0 0 0 rg BT 298.24 352.85 Td (such ) Tj ET Q q 0 0 0 rg BT 320.29 352.85 Td (dif) Tj ET Q q 0 0 0 rg BT 331.21 352.85 Td (ferences ) Tj ET Q q 0 0 0 rg BT 368.23 352.85 Td (may ) Tj ET Q q 0 0 0 rg BT 389.16 352.85 Td (have ) Tj ET Q q 0 0 0 rg BT 411.75 352.85 Td (a ) Tj ET Q q 0 0 0 rg BT 419.91 352.85 Td (material ) Tj ET Q q 0 0 0 rg BT 456.38 352.85 Td (impact ) Tj ET Q q 0 0 0 rg BT 487.30 352.85 Td (on ) Tj ET Q q 0 0 0 rg BT 501.02 352.85 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 352.85 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 352.85 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 340.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 102.54 340.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.02 340.85 Td (statements ) Tj ET Q q 0 0 0 rg BT 184.73 340.85 Td (and ) Tj ET Q q 0 0 0 rg BT 201.67 340.85 Td (footnotes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 314.85 Td (Cash ) Tj ET Q q 0 0 0 rg BT 85.12 314.85 Td (and ) Tj ET Q q 0 0 0 rg BT 103.18 314.85 Td (Cash ) Tj ET Q q 0 0 0 rg BT 126.81 314.85 Td (Equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 297.85 Td (All ) Tj ET Q q 0 0 0 rg BT 89.16 297.85 Td (highly ) Tj ET Q q 0 0 0 rg BT 117.61 297.85 Td (liquid ) Tj ET Q q 0 0 0 rg BT 143.83 297.85 Td (investments ) Tj ET Q q 0 0 0 rg BT 194.49 297.85 Td (with ) Tj ET Q q 0 0 0 rg BT 215.15 297.85 Td (original ) Tj ET Q q 0 0 0 rg BT 249.14 297.85 Td (maturities ) Tj ET Q q 0 0 0 rg BT 292.02 297.85 Td (of ) Tj ET Q q 0 0 0 rg BT 303.23 297.85 Td (90 ) Tj ET Q q 0 0 0 rg BT 316.12 297.85 Td (days ) Tj ET Q q 0 0 0 rg BT 337.33 297.85 Td (or ) Tj ET Q q 0 0 0 rg BT 348.55 297.85 Td (less ) Tj ET Q q 0 0 0 rg BT 366.43 297.85 Td (are ) Tj ET Q q 0 0 0 rg BT 381.53 297.85 Td (considered ) Tj ET Q q 0 0 0 rg BT 427.73 297.85 Td (to ) Tj ET Q q 0 0 0 rg BT 438.39 297.85 Td (be ) Tj ET Q q 0 0 0 rg BT 450.72 297.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 471.37 297.85 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 522.30 297.85 Td ( ) Tj ET Q q 0 0 0 rg BT 525.18 297.85 Td (Cash ) Tj ET Q q 0 0 0 rg BT 548.07 297.85 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 285.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.77 285.85 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 117.81 285.85 Td (are ) Tj ET Q q 0 0 0 rg BT 132.52 285.85 Td (recorded ) Tj ET Q q 0 0 0 rg BT 169.99 285.85 Td (at ) Tj ET Q q 0 0 0 rg BT 179.71 285.85 Td (cost, ) Tj ET Q q 0 0 0 rg BT 200.82 285.85 Td (which ) Tj ET Q q 0 0 0 rg BT 227.76 285.85 Td (approximates ) Tj ET Q q 0 0 0 rg BT 284.13 285.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 300.51 285.85 Td (value.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 259.85 Td (Fair ) Tj ET Q q 0 0 0 rg BT 82.34 259.85 Td (V) Tj ET Q q 0 0 0 rg BT 87.90 259.85 Td (alue ) Tj ET Q q 0 0 0 rg BT 108.18 259.85 Td (of ) Tj ET Q q 0 0 0 rg BT 119.01 259.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 162.08 259.85 Td (Instruments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 242.85 Td (The ) Tj ET Q q 0 0 0 rg BT 92.09 242.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 109.01 242.85 Td (values ) Tj ET Q q 0 0 0 rg BT 137.59 242.85 Td (of ) Tj ET Q q 0 0 0 rg BT 148.96 242.85 Td (the ) Tj ET Q q 0 0 0 rg BT 164.22 242.85 Td (Company) Tj ET Q q 0 0 0 rg BT 205.89 242.85 Td (s ) Tj ET Q q 0 0 0 rg BT 212.82 242.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 233.63 242.85 Td (and ) Tj ET Q q 0 0 0 rg BT 251.11 242.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 271.92 242.85 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 323.00 242.85 Td (accounts ) Tj ET Q q 0 0 0 rg BT 361.03 242.85 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 407.65 242.85 Td (notes ) Tj ET Q q 0 0 0 rg BT 431.80 242.85 Td (receivable ) Tj ET Q q 0 0 0 rg BT 475.92 242.85 Td (and ) Tj ET Q q 0 0 0 rg BT 493.40 242.85 Td (accounts ) Tj ET Q q 0 0 0 rg BT 531.42 242.85 Td (payable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 230.85 Td (approximate ) Tj ET Q q 0 0 0 rg BT 102.54 230.85 Td (their ) Tj ET Q q 0 0 0 rg BT 123.92 230.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 160.30 230.85 Td (values ) Tj ET Q q 0 0 0 rg BT 188.90 230.85 Td (due ) Tj ET Q q 0 0 0 rg BT 206.40 230.85 Td (to ) Tj ET Q q 0 0 0 rg BT 217.23 230.85 Td (the ) Tj ET Q q 0 0 0 rg BT 232.51 230.85 Td (short ) Tj ET Q q 0 0 0 rg BT 255.57 230.85 Td (maturities ) Tj ET Q q 0 0 0 rg BT 298.61 230.85 Td (of ) Tj ET Q q 0 0 0 rg BT 310.00 230.85 Td (the ) Tj ET Q q 0 0 0 rg BT 325.28 230.85 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 377.28 230.85 Td (The ) Tj ET Q q 0 0 0 rg BT 395.88 230.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 412.82 230.85 Td (value ) Tj ET Q q 0 0 0 rg BT 437.53 230.85 Td (of ) Tj ET Q q 0 0 0 rg BT 448.92 230.85 Td (the ) Tj ET Q q 0 0 0 rg BT 464.20 230.85 Td (Company) Tj ET Q q 0 0 0 rg BT 505.86 230.85 Td (s ) Tj ET Q q 0 0 0 rg BT 512.81 230.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 542.52 230.85 Td (lease ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 218.85 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.44 218.85 Td (approximates ) Tj ET Q q 0 0 0 rg BT 152.82 218.85 Td (the ) Tj ET Q q 0 0 0 rg BT 167.53 218.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 203.35 218.85 Td (value ) Tj ET Q q 0 0 0 rg BT 227.50 218.85 Td (due ) Tj ET Q q 0 0 0 rg BT 244.44 218.85 Td (to ) Tj ET Q q 0 0 0 rg BT 254.72 218.85 Td (the ) Tj ET Q q 0 0 0 rg BT 269.44 218.85 Td (short-term ) Tj ET Q q 0 0 0 rg BT 313.59 218.85 Td (maturities ) Tj ET Q q 0 0 0 rg BT 356.08 218.85 Td (of ) Tj ET Q q 0 0 0 rg BT 366.91 218.85 Td (the ) Tj ET Q q 0 0 0 rg BT 381.63 218.85 Td (leases.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 201.85 Td (All ) Tj ET Q q 0 0 0 rg BT 89.18 201.85 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.51 201.85 Td ( ) Tj ET Q q 0 0 0 rg BT 100.40 201.85 Td (the ) Tj ET Q q 0 0 0 rg BT 115.52 201.85 Td (Company) Tj ET Q q 0 0 0 rg BT 157.18 201.85 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.97 201.85 Td (investments ) Tj ET Q q 0 0 0 rg BT 214.65 201.85 Td (that ) Tj ET Q q 0 0 0 rg BT 232.54 201.85 Td (have ) Tj ET Q q 0 0 0 rg BT 254.31 201.85 Td (maturities ) Tj ET Q q 0 0 0 rg BT 297.20 201.85 Td (of ) Tj ET Q q 0 0 0 rg BT 308.43 201.85 Td (greater ) Tj ET Q q 0 0 0 rg BT 339.08 201.85 Td (than ) Tj ET Q q 0 0 0 rg BT 359.20 201.85 Td (90 ) Tj ET Q q 0 0 0 rg BT 372.09 201.85 Td (days ) Tj ET Q q 0 0 0 rg BT 393.32 201.85 Td (are ) Tj ET Q q 0 0 0 rg BT 408.43 201.85 Td (classified ) Tj ET Q q 0 0 0 rg BT 449.09 201.85 Td (as ) Tj ET Q q 0 0 0 rg BT 460.32 201.85 Td (available-for) Tj ET Q q 0 0 0 rg BT 511.20 201.85 Td (-sale ) Tj ET Q q 0 0 0 rg BT 532.97 201.85 Td (and ) Tj ET Q q 0 0 0 rg BT 550.31 201.85 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 189.85 Td (carried ) Tj ET Q q 0 0 0 rg BT 80.09 189.85 Td (at ) Tj ET Q q 0 0 0 rg BT 90.14 189.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 106.85 189.85 Td (value.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.00 189.85 Td ( ) Tj ET Q q 0 0 0 rg BT 133.63 189.85 Td (The ) Tj ET Q q 0 0 0 rg BT 152.01 189.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 193.73 189.85 Td (invests ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.34 189.85 Td (excess ) Tj ET Q q 0 0 0 rg BT 253.28 189.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 273.88 189.85 Td (primarily ) Tj ET Q q 0 0 0 rg BT 313.92 189.85 Td (in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.70 189.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.54 189.85 Td (investment-grade ) Tj ET Q q 0 0 0 rg BT 396.79 189.85 Td (interest-bearing ) Tj ET Q q 0 0 0 rg BT 462.37 189.85 Td (securities ) Tj ET Q q 0 0 0 rg BT 502.97 189.85 Td (such ) Tj ET Q q 0 0 0 rg BT 524.13 189.85 Td (as ) Tj ET Q q 0 0 0 rg BT 535.29 189.85 Td (money ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 177.85 Td (market ) Tj ET Q q 0 0 0 rg BT 80.06 177.85 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 120.34 177.85 Td (certificates ) Tj ET Q q 0 0 0 rg BT 166.99 177.85 Td (of ) Tj ET Q q 0 0 0 rg BT 178.12 177.85 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 212.30 177.85 Td (commercial ) Tj ET Q q 0 0 0 rg BT 262.29 177.85 Td (paper) Tj ET Q q 0 0 0 rg BT 284.10 177.85 Td (, ) Tj ET Q q 0 0 0 rg BT 289.40 177.85 Td (corporate ) Tj ET Q q 0 0 0 rg BT 329.94 177.85 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 359.13 177.85 Td (municipal ) Tj ET Q q 0 0 0 rg BT 401.92 177.85 Td (and ) Tj ET Q q 0 0 0 rg BT 419.15 177.85 Td (government ) Tj ET Q q 0 0 0 rg BT 469.71 177.85 Td (agency ) Tj ET Q q 0 0 0 rg BT 500.82 177.85 Td (obligations ) Tj ET Q q 0 0 0 rg BT 548.06 177.85 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 165.85 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 95.16 165.85 Td (obligations ) Tj ET Q q 0 0 0 rg BT 141.40 165.85 Td (of ) Tj ET Q q 0 0 0 rg BT 151.53 165.85 Td (the ) Tj ET Q q 0 0 0 rg BT 165.54 165.85 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 185.12 165.85 Td (government) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.88 165.85 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.18 165.85 Td (all ) Tj ET Q q 0 0 0 rg BT 248.97 165.85 Td (of ) Tj ET Q q 0 0 0 rg BT 259.10 165.85 Td (which ) Tj ET Q q 0 0 0 rg BT 285.33 165.85 Td (are ) Tj ET Q q 0 0 0 rg BT 299.34 165.85 Td (subject ) Tj ET Q q 0 0 0 rg BT 329.46 165.85 Td (to ) Tj ET Q q 0 0 0 rg BT 339.04 165.85 Td (minimal ) Tj ET Q q 0 0 0 rg BT 374.16 165.85 Td (credit ) Tj ET Q q 0 0 0 rg BT 398.72 165.85 Td (and ) Tj ET Q q 0 0 0 rg BT 414.96 165.85 Td (market ) Tj ET Q q 0 0 0 rg BT 444.52 165.85 Td (risks.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.91 165.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.71 165.85 Td (Fair ) Tj ET Q q 0 0 0 rg BT 485.61 165.85 Td (value ) Tj ET Q q 0 0 0 rg BT 509.07 165.85 Td (is ) Tj ET Q q 0 0 0 rg BT 517.53 165.85 Td (determined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 153.85 Td (based ) Tj ET Q q 0 0 0 rg BT 74.40 153.85 Td (on ) Tj ET Q q 0 0 0 rg BT 86.53 153.85 Td (quoted ) Tj ET Q q 0 0 0 rg BT 115.88 153.85 Td (market ) Tj ET Q q 0 0 0 rg BT 145.77 153.85 Td (rates ) Tj ET Q q 0 0 0 rg BT 166.78 153.85 Td (when ) Tj ET Q q 0 0 0 rg BT 190.57 153.85 Td (observable ) Tj ET Q q 0 0 0 rg BT 236.02 153.85 Td (or ) Tj ET Q q 0 0 0 rg BT 246.48 153.85 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 281.94 153.85 Td (data ) Tj ET Q q 0 0 0 rg BT 300.73 153.85 Td (points ) Tj ET Q q 0 0 0 rg BT 327.31 153.85 Td (that ) Tj ET Q q 0 0 0 rg BT 344.44 153.85 Td (are ) Tj ET Q q 0 0 0 rg BT 358.77 153.85 Td (observable, ) Tj ET Q q 0 0 0 rg BT 406.72 153.85 Td (such ) Tj ET Q q 0 0 0 rg BT 427.18 153.85 Td (as ) Tj ET Q q 0 0 0 rg BT 437.64 153.85 Td (quoted ) Tj ET Q q 0 0 0 rg BT 466.99 153.85 Td (prices, ) Tj ET Q q 0 0 0 rg BT 495.50 153.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 527.07 153.85 Td (rates ) Tj ET Q q 0 0 0 rg BT 548.07 153.85 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 141.85 Td (yield ) Tj ET Q q 0 0 0 rg BT 72.22 141.85 Td (curves. ) Tj ET Q q 0 0 0 rg BT 103.35 141.85 Td (The ) Tj ET Q q 0 0 0 rg BT 121.62 141.85 Td (cost ) Tj ET Q q 0 0 0 rg BT 140.45 141.85 Td (of ) Tj ET Q q 0 0 0 rg BT 151.51 141.85 Td (available-for) Tj ET Q q 0 0 0 rg BT 202.38 141.85 Td (-sale ) Tj ET Q q 0 0 0 rg BT 223.99 141.85 Td (marketable ) Tj ET Q q 0 0 0 rg BT 271.13 141.85 Td (securities ) Tj ET Q q 0 0 0 rg BT 311.62 141.85 Td (sold ) Tj ET Q q 0 0 0 rg BT 331.01 141.85 Td (is ) Tj ET Q q 0 0 0 rg BT 340.41 141.85 Td (based ) Tj ET Q q 0 0 0 rg BT 365.90 141.85 Td (on ) Tj ET Q q 0 0 0 rg BT 378.62 141.85 Td (the ) Tj ET Q q 0 0 0 rg BT 393.57 141.85 Td (specific ) Tj ET Q q 0 0 0 rg BT 427.38 141.85 Td (identification ) Tj ET Q q 0 0 0 rg BT 483.42 141.85 Td (method. ) Tj ET Q q 0 0 0 rg BT 518.64 141.85 Td (Unrealized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 129.85 Td (gains ) Tj ET Q q 0 0 0 rg BT 73.71 129.85 Td (and ) Tj ET Q q 0 0 0 rg BT 91.25 129.85 Td (losses, ) Tj ET Q q 0 0 0 rg BT 120.75 129.85 Td (net ) Tj ET Q q 0 0 0 rg BT 136.07 129.85 Td (of ) Tj ET Q q 0 0 0 rg BT 147.50 129.85 Td (tax, ) Tj ET Q q 0 0 0 rg BT 165.32 129.85 Td (are ) Tj ET Q q 0 0 0 rg BT 180.63 129.85 Td (reported ) Tj ET Q q 0 0 0 rg BT 217.05 129.85 Td (in ) Tj ET Q q 0 0 0 rg BT 227.93 129.85 Td (stockholders) Tj ET Q q 0 0 0 rg BT 281.06 129.85 Td ( ) Tj ET Q q 0 0 0 rg BT 284.17 129.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 312.27 129.85 Td (as) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.60 129.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.70 129.85 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 377.33 129.85 Td (other ) Tj ET Q q 0 0 0 rg BT 400.98 129.85 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 464.61 129.85 Td (loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.18 129.85 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.78 129.85 Td (Realized ) Tj ET Q q 0 0 0 rg BT 523.86 129.85 Td (gains ) Tj ET Q q 0 0 0 rg BT 548.07 129.85 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 117.85 Td (losses ) Tj ET Q q 0 0 0 rg BT 75.94 117.85 Td (are ) Tj ET Q q 0 0 0 rg BT 90.70 117.85 Td (included ) Tj ET Q q 0 0 0 rg BT 127.68 117.85 Td (in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.46 117.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.01 117.85 Td (other ) Tj ET Q q 0 0 0 rg BT 161.11 117.85 Td (income ) Tj ET Q q 0 0 0 rg BT 193.09 117.85 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 237.01 117.85 Td (net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.23 117.85 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.28 117.85 Td (Interest ) Tj ET Q q 0 0 0 rg BT 286.81 117.85 Td (and ) Tj ET Q q 0 0 0 rg BT 303.80 117.85 Td (dividends ) Tj ET Q q 0 0 0 rg BT 345.24 117.85 Td (are ) Tj ET Q q 0 0 0 rg BT 360.00 117.85 Td (included ) Tj ET Q q 0 0 0 rg BT 396.98 117.85 Td (in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.76 117.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.31 117.85 Td (other ) Tj ET Q q 0 0 0 rg BT 430.41 117.85 Td (income ) Tj ET Q q 0 0 0 rg BT 462.39 117.85 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 506.31 117.85 Td (net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.52 117.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.07 117.85 Td (when ) Tj ET Q q 0 0 0 rg BT 545.28 117.85 Td (they ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 105.85 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 105.85 Td (earned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.85 105.85 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 79.85 Td (Allowance ) Tj ET Q q 0 0 0 rg BT 107.33 79.85 Td (for ) Tj ET Q q 0 0 0 rg BT 122.06 79.85 Td (Doubtful ) Tj ET Q q 0 0 0 rg BT 161.42 79.85 Td (Accounts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 62.85 Td (The ) Tj ET Q q 0 0 0 rg BT 91.08 62.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.99 62.85 Td (analyzes ) Tj ET Q q 0 0 0 rg BT 168.44 62.85 Td (individual ) Tj ET Q q 0 0 0 rg BT 211.02 62.85 Td (trade ) Tj ET Q q 0 0 0 rg BT 233.04 62.85 Td (accounts ) Tj ET Q q 0 0 0 rg BT 270.05 62.85 Td (receivable ) Tj ET Q q 0 0 0 rg BT 313.16 62.85 Td (by ) Tj ET Q q 0 0 0 rg BT 325.19 62.85 Td (considering ) Tj ET Q q 0 0 0 rg BT 373.87 62.85 Td (historical ) Tj ET Q q 0 0 0 rg BT 413.11 62.85 Td (bad ) Tj ET Q q 0 0 0 rg BT 429.58 62.85 Td (debts, ) Tj ET Q q 0 0 0 rg BT 455.22 62.85 Td (customer ) Tj ET Q q 0 0 0 rg BT 493.90 62.85 Td (creditworthiness, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 50.85 Td (current ) Tj ET Q q 0 0 0 rg BT 79.75 50.85 Td (economic ) Tj ET Q q 0 0 0 rg BT 120.56 50.85 Td (trends, ) Tj ET Q q 0 0 0 rg BT 149.43 50.85 Td (changes ) Tj ET Q q 0 0 0 rg BT 183.58 50.85 Td (in ) Tj ET Q q 0 0 0 rg BT 193.29 50.85 Td (customer ) Tj ET Q q 0 0 0 rg BT 231.88 50.85 Td (payment ) Tj ET Q q 0 0 0 rg BT 268.25 50.85 Td (terms ) Tj ET Q q 0 0 0 rg BT 292.41 50.85 Td (and ) Tj ET Q q 0 0 0 rg BT 308.78 50.85 Td (collection ) Tj ET Q q 0 0 0 rg BT 350.14 50.85 Td (trends ) Tj ET Q q 0 0 0 rg BT 376.52 50.85 Td (when ) Tj ET Q q 0 0 0 rg BT 400.12 50.85 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 443.70 50.85 Td (the ) Tj ET Q q 0 0 0 rg BT 457.85 50.85 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 497.54 50.85 Td (of ) Tj ET Q q 0 0 0 rg BT 507.81 50.85 Td (the ) Tj ET Q q 0 0 0 rg BT 521.96 50.85 Td (allowance ) Tj ET Q endstream endobj 111 0 obj <> endobj 112 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (53) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.75 740.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 100.23 740.10 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 139.74 740.10 Td (Allowances ) Tj ET Q q 0 0 0 rg BT 189.53 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.79 740.10 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 240.26 740.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 277.84 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 292.64 740.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 339.09 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.46 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.27 740.10 Td (period ) Tj ET Q q 0 0 0 rg BT 392.41 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.78 740.10 Td (which ) Tj ET Q q 0 0 0 rg BT 429.81 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.62 740.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 488.31 740.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 531.98 740.10 Td (balance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.60 728.10 Td (not ) Tj ET Q q 0 0 0 rg BT 73.81 728.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 119.56 728.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 170.58 728.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 190.24 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Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 551.10 Td (Software ) Tj ET Q q 0 0 0 rg BT 100.67 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.55 551.10 Td (W) Tj ET Q q 0 0 0 rg BT 126.70 551.10 Td (ebsite ) Tj ET Q q 0 0 0 rg BT 152.53 551.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 208.90 551.10 Td (Costs) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.13 551.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 534.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.26 534.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.36 534.10 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 179.77 534.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 213.53 534.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.18 534.10 Td (external ) Tj ET Q q 0 0 0 rg BT 266.60 534.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 289.81 534.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 326.34 534.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.34 534.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 372.21 534.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 422.62 534.10 Td (software ) Tj ET Q q 0 0 0 rg BT 460.27 534.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.92 534.10 Td (website ) Tj ET Q q 0 0 0 rg BT 511.68 534.10 Td (applications. ) Tj ET Q q 0 0 0 rg BT 565.00 534.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 522.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 96.95 522.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 129.40 522.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 151.31 522.10 Td (include ) Tj ET Q q 0 0 0 rg BT 182.65 522.10 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 217.04 522.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 250.61 522.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.96 522.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 316.07 522.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 373.52 522.10 Td (char) Tj ET Q q 0 0 0 rg BT 390.55 522.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 405.79 522.10 Td (for ) Tj ET Q q 0 0 0 rg BT 419.36 522.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 464.03 522.10 Td (that ) Tj ET Q q 0 0 0 rg BT 480.94 522.10 Td (are ) Tj ET Q q 0 0 0 rg BT 495.05 522.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 527.50 522.10 Td (involved ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 510.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.09 510.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 105.34 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.37 510.10 Td (software ) Tj ET Q q 0 0 0 rg BT 155.61 510.10 Td (or ) Tj ET Q q 0 0 0 rg BT 165.75 510.10 Td (website ) Tj ET Q q 0 0 0 rg BT 198.11 510.10 Td (application, ) Tj ET Q q 0 0 0 rg BT 246.85 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.11 510.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 314.34 510.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.48 510.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 349.62 510.10 Td (used ) Tj ET Q q 0 0 0 rg BT 369.77 510.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.36 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.39 510.10 Td (development ) Tj ET Q q 0 0 0 rg BT 446.85 510.10 Td (process. ) Tj ET Q q 0 0 0 rg BT 481.15 510.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.97 510.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 530.32 510.10 Td (external ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 498.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.75 498.10 Td (include ) Tj ET Q q 0 0 0 rg BT 105.44 498.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 151.45 498.10 Td (consultants ) Tj ET Q q 0 0 0 rg BT 199.70 498.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 237.94 498.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.97 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.44 498.10 Td (development ) Tj ET Q q 0 0 0 rg BT 319.34 498.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 355.08 498.10 Td (as ) Tj ET Q q 0 0 0 rg BT 366.66 498.10 Td (well ) Tj ET Q q 0 0 0 rg BT 387.13 498.10 Td (as ) Tj ET Q q 0 0 0 rg BT 398.71 498.10 Td (other ) Tj ET Q q 0 0 0 rg BT 422.51 498.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 448.52 498.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 471.78 498.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 508.34 498.10 Td (as ) Tj ET Q q 0 0 0 rg BT 519.92 498.10 Td (part ) Tj ET Q q 0 0 0 rg BT 538.72 498.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 498.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 486.10 Td (development ) Tj ET Q q 0 0 0 rg BT 103.65 486.10 Td (process.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.14 486.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 469.10 Td (Capitalization ) Tj ET Q q 0 0 0 rg BT 131.81 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.37 469.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 164.59 469.10 Td (begins ) Tj ET Q q 0 0 0 rg BT 192.92 469.10 Td (when ) Tj ET Q q 0 0 0 rg BT 216.80 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.23 469.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 280.10 469.10 Td (project ) Tj ET Q q 0 0 0 rg BT 310.09 469.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 332.86 469.10 Td (is ) Tj ET Q q 0 0 0 rg BT 341.75 469.10 Td (completed, ) Tj ET Q q 0 0 0 rg BT 388.12 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.78 469.10 Td (management ) Tj ET Q q 0 0 0 rg BT 458.09 469.10 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 501.40 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.06 469.10 Td (commits ) Tj ET Q q 0 0 0 rg BT 554.72 469.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 457.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 83.83 457.10 Td (a ) Tj ET Q q 0 0 0 rg BT 91.50 457.10 Td (project ) Tj ET Q q 0 0 0 rg BT 122.48 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.15 457.10 Td (it ) Tj ET Q q 0 0 0 rg BT 148.93 457.10 Td (is ) Tj ET Q q 0 0 0 rg BT 158.82 457.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 197.03 457.10 Td (that ) Tj ET Q q 0 0 0 rg BT 215.25 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.69 457.10 Td (project ) Tj ET Q q 0 0 0 rg BT 261.68 457.10 Td (will ) Tj ET Q q 0 0 0 rg BT 280.46 457.10 Td (be ) Tj ET Q q 0 0 0 rg BT 293.12 457.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 338.00 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.66 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.10 457.10 Td (software ) Tj ET Q q 0 0 0 rg BT 408.75 457.10 Td (or ) Tj ET Q q 0 0 0 rg BT 420.31 457.10 Td (website ) Tj ET Q q 0 0 0 rg BT 454.08 457.10 Td (application ) Tj ET Q q 0 0 0 rg BT 501.73 457.10 Td (will ) Tj ET Q q 0 0 0 rg BT 520.51 457.10 Td (be ) Tj ET Q q 0 0 0 rg BT 533.17 457.10 Td (used ) Tj ET Q q 0 0 0 rg BT 554.73 457.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 445.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 83.42 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.36 445.10 Td (function ) Tj ET Q q 0 0 0 rg BT 132.40 445.10 Td (intended. ) Tj ET Q q 0 0 0 rg BT 171.05 445.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.76 445.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 205.57 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.73 445.10 Td (external ) Tj ET Q q 0 0 0 rg BT 255.65 445.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 277.36 445.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 312.40 445.10 Td (as ) Tj ET Q q 0 0 0 rg BT 322.44 445.10 Td (part ) Tj ET Q q 0 0 0 rg BT 339.71 445.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.75 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.68 445.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 412.05 445.10 Td (project ) Tj ET Q q 0 0 0 rg BT 441.53 445.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 463.79 445.10 Td (are ) Tj ET Q q 0 0 0 rg BT 477.72 445.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 516.64 445.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.69 445.10 Td (incurred.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.50 445.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 428.10 Td (Capitalization ) Tj ET Q q 0 0 0 rg BT 133.04 428.10 Td (ceases ) Tj ET Q q 0 0 0 rg BT 162.03 428.10 Td (at ) Tj ET Q q 0 0 0 rg BT 172.70 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.36 428.10 Td (point ) Tj ET Q q 0 0 0 rg BT 212.37 428.10 Td (at ) Tj ET Q q 0 0 0 rg BT 223.04 428.10 Td (which ) Tj ET Q q 0 0 0 rg BT 250.92 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.59 428.10 Td (project ) Tj ET Q q 0 0 0 rg BT 297.80 428.10 Td (is ) Tj ET Q q 0 0 0 rg BT 307.92 428.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 361.93 428.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 402.03 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.91 428.10 Td (ready ) Tj ET Q q 0 0 0 rg BT 445.57 428.10 Td (for ) Tj ET Q q 0 0 0 rg BT 460.68 428.10 Td (its ) Tj ET Q q 0 0 0 rg BT 473.58 428.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 511.46 428.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 530.74 428.10 Td (after ) Tj ET Q q 0 0 0 rg BT 552.51 428.10 Td (all ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 93.53 416.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 121.45 416.10 Td (is ) Tj ET Q q 0 0 0 rg BT 129.38 416.10 Td (completed. ) Tj ET Q q 0 0 0 rg BT 174.78 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.04 416.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 208.39 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.09 416.10 Td (external ) Tj ET Q q 0 0 0 rg BT 257.54 416.10 Td (training ) Tj ET Q q 0 0 0 rg BT 289.90 416.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 311.16 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.85 416.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 378.64 416.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 399.90 416.10 Td (during ) Tj ET Q q 0 0 0 rg BT 427.26 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.73 416.10 Td (post-implementation ) Tj ET Q q 0 0 0 rg BT 524.75 416.10 Td (operation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 72.55 404.10 Td (are ) Tj ET Q q 0 0 0 rg BT 87.25 404.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 126.96 404.10 Td (as ) Tj ET Q q 0 0 0 rg BT 137.79 404.10 Td (incurred.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.61 404.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 387.10 Td (Internal-use ) Tj ET Q q 0 0 0 rg BT 123.67 387.10 Td (software ) Tj ET Q q 0 0 0 rg BT 160.51 387.10 Td (is ) Tj ET Q q 0 0 0 rg BT 169.60 387.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 211.99 387.10 Td (on ) Tj ET Q q 0 0 0 rg BT 224.41 387.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.26 387.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 281.99 387.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 304.41 387.10 Td (over ) Tj ET Q q 0 0 0 rg BT 324.59 387.10 Td (its ) Tj ET Q q 0 0 0 rg BT 336.45 387.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 377.19 387.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 404.04 387.10 Td (life, ) Tj ET Q q 0 0 0 rg BT 422.28 387.10 Td (generally) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.48 387.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.90 387.10 Td (three) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.88 387.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.30 387.10 Td (years.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.90 387.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.31 387.10 Td (Management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 375.10 Td (evaluates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.83 375.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.18 375.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 129.75 375.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 150.77 375.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.23 375.10 Td (these ) Tj ET Q q 0 0 0 rg BT 183.91 375.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 209.37 375.10 Td (on ) Tj ET Q q 0 0 0 rg BT 221.50 375.10 Td (an ) Tj ET Q q 0 0 0 rg BT 233.07 375.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 261.86 375.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 283.99 375.10 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.43 375.10 Td ( ) Tj ET Q q 0 0 0 rg BT 300.56 375.10 Td (tests ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.47 375.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.26 375.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 382.49 375.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 423.49 375.10 Td (events ) Tj ET Q q 0 0 0 rg BT 451.17 375.10 Td (or ) Tj ET Q q 0 0 0 rg BT 461.63 375.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 495.97 375.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.88 375.10 Td (circumstances ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 363.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 74.25 363.10 Td (that ) Tj ET Q q 0 0 0 rg BT 91.79 363.10 Td (could ) Tj ET Q q 0 0 0 rg BT 116.56 363.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 146.32 363.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.08 363.10 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 219.15 363.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.03 363.10 Td (these ) Tj ET Q q 0 0 0 rg BT 253.12 363.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 281.32 363.10 Td (The ) Tj ET Q q 0 0 0 rg BT 299.41 363.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 345.26 363.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 367.81 363.10 Td (are ) Tj ET Q q 0 0 0 rg BT 382.56 363.10 Td (included ) Tj ET Q q 0 0 0 rg BT 419.54 363.10 Td (in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.32 363.10 Td ( ) Tj ET Q q 0 0 0 rg BT 429.87 363.10 Td (Property ) Tj ET Q q 0 0 0 rg BT 471.29 363.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.27 363.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 535.53 363.10 Td (net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 554.73 363.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 351.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.13 351.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 122.85 351.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 174.81 351.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 206.76 351.10 Td (sheets. ) Tj ET Q q 0 0 0 rg BT 235.11 351.10 Td (For ) Tj ET Q q 0 0 0 rg BT 250.41 351.10 Td (the) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.63 351.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.04 351.10 Td (years ) Tj ET Q q 0 0 0 rg BT 286.56 351.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 311.85 351.10 Td (December ) Tj ET Q q 0 0 0 rg BT 354.34 351.10 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.84 351.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.26 351.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.26 351.10 Td ( ) Tj ET Q q 0 0 0 rg BT 389.67 351.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.52 351.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.52 351.10 Td (, ) Tj ET Q q 0 0 0 rg BT 429.44 351.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.07 351.10 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.37 351.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 528.09 351.10 Td (software ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 339.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.26 339.10 Td (website ) Tj ET Q q 0 0 0 rg BT 99.12 339.10 Td (application ) Tj ET Q q 0 0 0 rg BT 145.87 339.10 Td (development ) Tj ET Q q 0 0 0 rg BT 199.84 339.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 222.16 339.10 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.49 339.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.81 339.10 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 252.63 339.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.52 339.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.84 339.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.60 339.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 320.42 339.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.31 339.10 Td (, ) Tj ET Q q 0 0 0 rg BT 354.13 339.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 401.79 339.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.44 339.10 Td (There ) Tj ET Q q 0 0 0 rg BT 432.08 339.10 Td (were) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.51 339.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.82 339.10 Td (no) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.82 339.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.14 339.10 Td (such ) Tj ET Q q 0 0 0 rg BT 486.79 339.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 509.11 339.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 554.74 339.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 327.10 Td (the) Tj ET Q BT 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(capitalized ) Tj ET Q q 0 0 0 rg BT 378.47 327.10 Td (internal-use ) Tj ET Q q 0 0 0 rg BT 427.12 327.10 Td (software ) Tj ET Q q 0 0 0 rg BT 462.99 327.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.87 327.10 Td (website ) Tj ET Q q 0 0 0 rg BT 510.86 327.10 Td (development ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 315.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 71.60 315.10 Td (recorded) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.57 315.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.67 315.10 Td (during ) Tj ET Q q 0 0 0 rg BT 136.88 315.10 Td (the) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.10 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.20 315.10 Td (year ) Tj ET Q q 0 0 0 rg BT 170.50 315.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 196.48 315.10 Td (December ) Tj ET Q q 0 0 0 rg BT 239.66 315.10 Td (31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.26 315.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.26 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 276.36 315.10 Td (and ) Tj ET Q BT 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 260.70 Td (Property ) Tj ET Q q 0 0 0 rg BT 109.99 260.70 Td (and ) Tj ET Q q 0 0 0 rg BT 127.48 260.70 Td (equipment ) Tj ET Q q 0 0 0 rg BT 172.74 260.70 Td (are ) Tj ET Q q 0 0 0 rg BT 188.00 260.70 Td (stated ) Tj ET Q q 0 0 0 rg BT 214.38 260.70 Td (at ) Tj ET Q q 0 0 0 rg BT 224.64 260.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 243.80 260.70 Td (less ) Tj ET Q q 0 0 0 rg BT 261.85 260.70 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 315.43 260.70 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 367.90 260.70 Td (and ) Tj ET Q q 0 0 0 rg BT 385.39 260.70 Td (are ) Tj ET Q q 0 0 0 rg BT 400.65 260.70 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 449.78 260.70 Td (on ) Tj ET Q q 0 0 0 rg BT 462.83 260.70 Td (a ) Tj ET Q q 0 0 0 rg BT 470.32 260.70 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 521.69 260.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 544.74 260.70 Td (over ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.70 Td (their ) Tj ET Q q 0 0 0 rg BT 70.26 248.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 111.01 248.70 Td (useful ) Tj ET Q q 0 0 0 rg BT 137.88 248.70 Td (lives, ) Tj ET Q q 0 0 0 rg BT 161.69 248.70 Td (which ) Tj ET Q q 0 0 0 rg BT 188.56 248.70 Td (is ) Tj ET Q q 0 0 0 rg BT 197.66 248.70 Td (generally ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.30 248.70 Td (three) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.28 248.70 Td ( ) Tj ET Q q 0 0 0 rg BT 259.71 248.70 Td (years. ) Tj ET Q q 0 0 0 rg BT 285.74 248.70 Td (Leasehold ) Tj ET Q q 0 0 0 rg BT 329.27 248.70 Td (improvements ) Tj ET Q q 0 0 0 rg BT 388.91 248.70 Td (are ) Tj ET Q q 0 0 0 rg BT 403.55 248.70 Td (amortized ) Tj ET Q q 0 0 0 rg BT 445.96 248.70 Td (over ) Tj ET Q q 0 0 0 rg BT 466.16 248.70 Td (the ) Tj ET Q q 0 0 0 rg BT 480.80 248.70 Td (shorter ) Tj ET Q q 0 0 0 rg BT 511.00 248.70 Td (of ) Tj ET Q q 0 0 0 rg BT 521.76 248.70 Td (the ) Tj ET Q q 0 0 0 rg BT 536.41 248.70 Td (asset) Tj ET Q q 0 0 0 rg BT 558.63 248.70 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.70 Td (useful ) Tj ET Q q 0 0 0 rg BT 76.44 236.70 Td (life ) Tj ET Q q 0 0 0 rg BT 92.26 236.70 Td (or ) Tj ET Q q 0 0 0 rg BT 103.09 236.70 Td (term ) Tj ET Q q 0 0 0 rg BT 123.92 236.70 Td (of ) Tj ET Q q 0 0 0 rg BT 134.75 236.70 Td (the ) Tj ET Q q 0 0 0 rg BT 149.47 236.70 Td (lease.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 210.70 Td (Business ) Tj ET Q q 0 0 0 rg BT 100.68 210.70 Td (Combinations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 194.30 Td (The ) Tj ET Q q 0 0 0 rg BT 90.93 194.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.69 194.30 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 178.33 194.30 Td (and ) Tj ET Q q 0 0 0 rg BT 195.65 194.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 235.73 194.30 Td (the ) Tj ET Q q 0 0 0 rg BT 250.83 194.30 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 299.25 194.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 325.46 194.30 Td (acquired ) Tj ET Q q 0 0 0 rg BT 362.76 194.30 Td (in ) Tj ET Q q 0 0 0 rg BT 373.42 194.30 Td (a ) Tj ET Q q 0 0 0 rg BT 380.74 194.30 Td (business ) Tj ET Q q 0 0 0 rg BT 417.51 194.30 Td (combination, ) Tj ET Q q 0 0 0 rg BT 472.88 194.30 Td (the ) Tj ET Q q 0 0 0 rg BT 487.97 194.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 528.07 194.30 Td (assumed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 182.30 Td (and ) Tj ET Q q 0 0 0 rg BT 67.31 182.30 Td (any ) Tj ET Q q 0 0 0 rg BT 85.13 182.30 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 150.72 182.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 183.52 182.30 Td (in ) Tj ET Q q 0 0 0 rg BT 194.68 182.30 Td (the ) Tj ET Q q 0 0 0 rg BT 210.27 182.30 Td (acquiree, ) Tj ET Q q 0 0 0 rg BT 250.01 182.30 Td (measured ) Tj ET Q q 0 0 0 rg BT 291.70 182.30 Td (at ) Tj ET Q q 0 0 0 rg BT 302.29 182.30 Td (their ) Tj ET Q q 0 0 0 rg BT 323.99 182.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 341.24 182.30 Td (values ) Tj ET Q q 0 0 0 rg BT 370.17 182.30 Td (as ) Tj ET Q q 0 0 0 rg BT 381.87 182.30 Td (of ) Tj ET Q q 0 0 0 rg BT 393.58 182.30 Td (the ) Tj ET Q q 0 0 0 rg BT 409.17 182.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 456.43 182.30 Td (date. ) Tj ET Q q 0 0 0 rg BT 478.96 182.30 Td (Under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.58 182.30 Td (ASC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.03 182.30 Td ( ) Tj ET Q q 0 0 0 rg BT 529.41 182.30 Td (805, ) Tj ET Q q 0 0 0 rg BT 550.28 182.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 170.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.99 170.30 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 136.36 170.30 Td (contingent ) Tj ET Q q 0 0 0 rg BT 181.17 170.30 Td (consideration ) Tj ET Q q 0 0 0 rg BT 237.65 170.30 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 294.12 170.30 Td (at ) Tj ET Q q 0 0 0 rg BT 303.95 170.30 Td (their ) Tj ET Q q 0 0 0 rg BT 324.88 170.30 Td (acquisition-date ) Tj ET Q q 0 0 0 rg BT 391.36 170.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 407.84 170.30 Td (values ) Tj ET Q q 0 0 0 rg BT 435.99 170.30 Td (with ) Tj ET Q q 0 0 0 rg BT 456.38 170.30 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 503.43 170.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 538.24 170.30 Td (in ) Tj ET Q q 0 0 0 rg BT 548.63 170.30 Td (fair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 158.30 Td (value ) Tj ET Q q 0 0 0 rg BT 73.04 158.30 Td (reflected ) Tj ET Q q 0 0 0 rg BT 109.90 158.30 Td (in ) Tj ET Q q 0 0 0 rg BT 119.56 158.30 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 157.82 158.30 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 202.46 158.30 Td (pre-acquisition ) Tj ET Q q 0 0 0 rg BT 264.32 158.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 281.77 158.30 Td (and ) Tj ET Q q 0 0 0 rg BT 298.09 158.30 Td (gain ) Tj ET Q q 0 0 0 rg BT 317.20 158.30 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 374.06 158.30 Td (at ) Tj ET Q q 0 0 0 rg BT 383.16 158.30 Td (their ) Tj ET Q q 0 0 0 rg BT 403.37 158.30 Td (acquisition-date ) Tj ET Q q 0 0 0 rg BT 469.12 158.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 484.89 158.30 Td (values ) Tj ET Q q 0 0 0 rg BT 512.32 158.30 Td (\(with ) Tj ET Q q 0 0 0 rg BT 535.31 158.30 Td (certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 146.30 Td (exceptions\), ) Tj ET Q q 0 0 0 rg BT 101.21 146.30 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 146.52 146.30 Td (in-process ) Tj ET Q q 0 0 0 rg BT 190.73 146.30 Td (research ) Tj ET Q q 0 0 0 rg BT 227.15 146.30 Td (and ) Tj ET Q q 0 0 0 rg BT 244.70 146.30 Td (development ) Tj ET Q q 0 0 0 rg BT 299.46 146.30 Td (assets, ) Tj ET Q q 0 0 0 rg BT 328.40 146.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 367.62 146.30 Td (acquisition-related ) Tj ET Q q 0 0 0 rg BT 445.14 146.30 Td (transaction ) Tj ET Q q 0 0 0 rg BT 492.13 146.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 515.24 146.30 Td (as ) Tj ET Q q 0 0 0 rg BT 526.68 146.30 Td (incurred, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 134.30 Td (and ) Tj ET Q q 0 0 0 rg BT 66.69 134.30 Td (limits ) Tj ET Q q 0 0 0 rg BT 92.23 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 107.20 134.30 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 163.81 134.30 Td (of ) Tj ET Q q 0 0 0 rg BT 174.90 134.30 Td (acquisition-related ) Tj ET Q q 0 0 0 rg BT 252.06 134.30 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 305.91 134.30 Td (as ) Tj ET Q q 0 0 0 rg BT 316.99 134.30 Td (of ) Tj ET Q q 0 0 0 rg BT 328.08 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 343.04 134.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 389.68 134.30 Td (date. ) Tj ET Q q 0 0 0 rg BT 411.59 134.30 Td (Due ) Tj ET Q q 0 0 0 rg BT 431.00 134.30 Td (to ) Tj ET Q q 0 0 0 rg BT 441.53 134.30 Td (the ) Tj ET Q q 0 0 0 rg BT 456.50 134.30 Td (inherent ) Tj ET Q q 0 0 0 rg BT 492.02 134.30 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 539.75 134.30 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 134.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 122.30 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 122.30 Td (s ) Tj ET Q q 0 0 0 rg BT 97.59 122.30 Td (best ) Tj ET Q q 0 0 0 rg BT 116.24 122.30 Td (estimates ) Tj ET Q q 0 0 0 rg BT 155.98 122.30 Td (and ) Tj ET Q q 0 0 0 rg BT 172.96 122.30 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 227.44 122.30 Td (they ) Tj ET Q q 0 0 0 rg BT 247.19 122.30 Td (are ) Tj ET Q q 0 0 0 rg BT 261.94 122.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 292.80 122.30 Td (to ) Tj ET Q q 0 0 0 rg BT 303.11 122.30 Td (refinement. ) Tj ET Q q 0 0 0 rg BT 351.46 122.30 Td (During ) Tj ET Q q 0 0 0 rg BT 382.32 122.30 Td (the ) Tj ET Q q 0 0 0 rg BT 397.08 122.30 Td (measurement ) Tj ET Q q 0 0 0 rg BT 452.92 122.30 Td (period, ) Tj ET Q q 0 0 0 rg BT 483.50 122.30 Td (which ) Tj ET Q q 0 0 0 rg BT 510.48 122.30 Td (may ) Tj ET Q q 0 0 0 rg BT 530.23 122.30 Td (be ) Tj ET Q q 0 0 0 rg BT 542.21 122.30 Td (up ) Tj ET Q q 0 0 0 rg BT 554.74 122.30 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 110.30 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.94 110.30 Td ( ) Tj ET Q q 0 0 0 rg BT 65.68 110.30 Td (year ) Tj ET Q q 0 0 0 rg BT 84.63 110.30 Td (from ) Tj ET Q q 0 0 0 rg BT 105.81 110.30 Td (the ) Tj ET Q q 0 0 0 rg BT 119.77 110.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 165.39 110.30 Td (date, ) Tj ET Q q 0 0 0 rg BT 186.29 110.30 Td (the ) Tj ET Q q 0 0 0 rg BT 200.25 110.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 240.88 110.30 Td (may ) Tj ET Q q 0 0 0 rg BT 259.84 110.30 Td (record ) Tj ET Q q 0 0 0 rg BT 287.12 110.30 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 336.63 110.30 Td (to ) Tj ET Q q 0 0 0 rg BT 346.15 110.30 Td (the ) Tj ET Q q 0 0 0 rg BT 360.11 110.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 375.73 110.30 Td (value ) Tj ET Q q 0 0 0 rg BT 399.13 110.30 Td (of ) Tj ET Q q 0 0 0 rg BT 409.20 110.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 434.27 110.30 Td (acquired ) Tj ET Q q 0 0 0 rg BT 470.44 110.30 Td (and ) Tj ET Q q 0 0 0 rg BT 486.62 110.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 525.58 110.30 Td (assumed, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 98.30 Td (with ) Tj ET Q q 0 0 0 rg BT 70.27 98.30 Td (the ) Tj ET Q q 0 0 0 rg BT 85.48 98.30 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 145.67 98.30 Td (of) Tj ET Q q 0 0 0 rg BT 153.82 98.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 171.25 98.30 Td (to ) Tj ET Q q 0 0 0 rg BT 182.02 98.30 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 222.41 98.30 Td (Any ) Tj ET Q q 0 0 0 rg BT 242.62 98.30 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 290.05 98.30 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 343.31 98.30 Td (including ) Tj ET Q q 0 0 0 rg BT 384.08 98.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 419.28 98.30 Td (in ) Tj ET Q q 0 0 0 rg BT 430.05 98.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 476.91 98.30 Td (for ) Tj ET Q q 0 0 0 rg BT 491.56 98.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 527.86 98.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 543.06 98.30 Td (asset ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 86.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 89.19 86.30 Td (allowances ) Tj ET Q q 0 0 0 rg BT 136.09 86.30 Td (and ) Tj ET Q q 0 0 0 rg BT 153.01 86.30 Td (acquired ) Tj ET Q q 0 0 0 rg BT 189.91 86.30 Td (income ) Tj ET Q q 0 0 0 rg BT 221.82 86.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 236.51 86.30 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 290.08 86.30 Td (after ) Tj ET Q q 0 0 0 rg BT 310.87 86.30 Td (the ) Tj ET Q q 0 0 0 rg BT 325.56 86.30 Td (measurement ) Tj ET Q q 0 0 0 rg BT 381.35 86.30 Td (period, ) Tj ET Q q 0 0 0 rg BT 411.87 86.30 Td (are ) Tj ET Q q 0 0 0 rg BT 426.56 86.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 472.90 86.30 Td (in ) Tj ET Q q 0 0 0 rg BT 483.15 86.30 Td (earnings ) Tj ET Q q 0 0 0 rg BT 519.51 86.30 Td (rather ) Tj ET Q q 0 0 0 rg BT 545.30 86.30 Td (than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 74.30 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 74.30 Td (an ) Tj ET Q q 0 0 0 rg BT 72.27 74.30 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 118.65 74.30 Td (to ) Tj ET Q q 0 0 0 rg BT 128.93 74.30 Td (the ) Tj ET Q q 0 0 0 rg BT 143.65 74.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 162.25 74.30 Td (of ) Tj ET Q q 0 0 0 rg BT 173.08 74.30 Td (the ) Tj ET Q q 0 0 0 rg BT 187.80 74.30 Td (acquisition.) Tj ET Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (54) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 740.25 Td (Goodwill) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 723.85 Td (The ) Tj ET Q q 0 0 0 rg BT 91.23 723.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.31 723.85 Td (records ) Tj ET Q q 0 0 0 rg BT 165.92 723.85 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 204.67 723.85 Td (in ) Tj ET Q q 0 0 0 rg BT 215.63 723.85 Td (a ) Tj ET Q q 0 0 0 rg BT 223.26 723.85 Td (business ) Tj ET Q q 0 0 0 rg BT 260.34 723.85 Td (combination ) Tj ET Q q 0 0 0 rg BT 313.52 723.85 Td (when ) Tj ET Q q 0 0 0 rg BT 338.37 723.85 Td (the ) Tj ET Q q 0 0 0 rg BT 353.77 723.85 Td (consideration ) Tj ET Q q 0 0 0 rg BT 410.83 723.85 Td (paid ) Tj ET Q q 0 0 0 rg BT 431.23 723.85 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 466.07 723.85 Td (the ) Tj ET Q q 0 0 0 rg BT 481.47 723.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 498.54 723.85 Td (value ) Tj ET Q q 0 0 0 rg BT 523.38 723.85 Td (of ) Tj ET Q q 0 0 0 rg BT 534.90 723.85 Td (the ) Tj ET Q q 0 0 0 rg BT 550.30 723.85 Td (net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 711.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.52 711.85 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 115.14 711.85 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 155.62 711.85 Td (is ) Tj ET Q q 0 0 0 rg BT 164.98 711.85 Td (not ) Tj ET Q q 0 0 0 rg BT 180.45 711.85 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 225.63 711.85 Td (but ) Tj ET Q q 0 0 0 rg BT 241.10 711.85 Td (is ) Tj ET Q q 0 0 0 rg BT 250.46 711.85 Td (tested ) Tj ET Q q 0 0 0 rg BT 276.48 711.85 Td (for ) Tj ET Q q 0 0 0 rg BT 290.84 711.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 339.63 711.85 Td (at ) Tj ET Q q 0 0 0 rg BT 349.54 711.85 Td (least ) Tj ET Q q 0 0 0 rg BT 370.56 711.85 Td (annuallyin ) Tj ET Q q 0 0 0 rg BT 417.97 711.85 Td (the ) Tj ET Q q 0 0 0 rg BT 432.88 711.85 Td (fourth ) Tj ET Q q 0 0 0 rg BT 460.01 711.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 491.02 711.85 Td (of ) Tj ET Q q 0 0 0 rg BT 502.05 711.85 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 711.85 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 711.85 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 699.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 73.76 699.85 Td (year) Tj ET Q q 0 0 0 rg BT 90.57 699.85 Td (, ) Tj ET Q q 0 0 0 rg BT 95.67 699.85 Td (or ) Tj ET Q q 0 0 0 rg BT 106.61 699.85 Td (whenever ) Tj ET Q q 0 0 0 rg BT 148.08 699.85 Td (changes ) Tj ET Q q 0 0 0 rg BT 182.89 699.85 Td (in ) Tj ET Q q 0 0 0 rg BT 193.27 699.85 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 252.52 699.85 Td (indicate ) Tj ET Q q 0 0 0 rg BT 286.78 699.85 Td (that ) Tj ET Q q 0 0 0 rg BT 304.38 699.85 Td (the ) Tj ET Q q 0 0 0 rg BT 319.20 699.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 335.68 699.85 Td (value ) Tj ET Q q 0 0 0 rg BT 359.94 699.85 Td (of ) Tj ET Q q 0 0 0 rg BT 370.87 699.85 Td (a ) Tj ET Q q 0 0 0 rg BT 377.92 699.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 417.18 699.85 Td (unit ) Tj ET Q q 0 0 0 rg BT 435.34 699.85 Td (is ) Tj ET Q q 0 0 0 rg BT 444.61 699.85 Td (less ) Tj ET Q q 0 0 0 rg BT 462.22 699.85 Td (than ) Tj ET Q q 0 0 0 rg BT 482.04 699.85 Td (its ) Tj ET Q q 0 0 0 rg BT 494.09 699.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 530.02 699.85 Td (amount, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 687.85 Td (including ) Tj ET Q q 0 0 0 rg BT 90.29 687.85 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 131.15 687.85 Td (The ) Tj ET Q q 0 0 0 rg BT 149.72 687.85 Td (annual ) Tj ET Q q 0 0 0 rg BT 179.39 687.85 Td (test ) Tj ET Q q 0 0 0 rg BT 196.30 687.85 Td (is ) Tj ET Q q 0 0 0 rg BT 205.98 687.85 Td (performed ) Tj ET Q q 0 0 0 rg BT 250.65 687.85 Td (at ) Tj ET Q q 0 0 0 rg BT 260.89 687.85 Td (the ) Tj ET Q q 0 0 0 rg BT 276.12 687.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 315.80 687.85 Td (unit ) Tj ET Q q 0 0 0 rg BT 334.37 687.85 Td (level ) Tj ET Q q 0 0 0 rg BT 356.82 687.85 Td (using ) Tj ET Q q 0 0 0 rg BT 381.51 687.85 Td (a ) Tj ET Q q 0 0 0 rg BT 388.97 687.85 Td (fair) Tj ET Q q 0 0 0 rg BT 402.65 687.85 Td (-value ) Tj ET Q q 0 0 0 rg BT 430.65 687.85 Td (based ) Tj ET Q q 0 0 0 rg BT 456.44 687.85 Td (approach. ) Tj ET Q q 0 0 0 rg BT 498.39 687.85 Td (The ) Tj ET Q q 0 0 0 rg BT 516.95 687.85 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 687.85 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 675.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.58 675.85 Td (are ) Tj ET Q q 0 0 0 rg BT 108.22 675.85 Td (or) Tj ET Q q 0 0 0 rg BT 116.37 675.85 Td (ganized ) Tj ET Q q 0 0 0 rg BT 149.89 675.85 Td (as ) Tj ET Q q 0 0 0 rg BT 160.64 675.85 Td (one ) Tj ET Q q 0 0 0 rg BT 177.51 675.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 216.59 675.85 Td (unit. ) Tj ET Q q 0 0 0 rg BT 237.07 675.85 Td (In ) Tj ET Q q 0 0 0 rg BT 247.83 675.85 Td (testing ) Tj ET Q q 0 0 0 rg BT 276.92 675.85 Td (for ) Tj ET Q q 0 0 0 rg BT 291.01 675.85 Td (a ) Tj ET Q q 0 0 0 rg BT 297.87 675.85 Td (potential ) Tj ET Q q 0 0 0 rg BT 335.29 675.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 383.82 675.85 Td (of ) Tj ET Q q 0 0 0 rg BT 394.57 675.85 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 435.06 675.85 Td (the ) Tj ET Q q 0 0 0 rg BT 449.70 675.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 491.01 675.85 Td (first ) Tj ET Q q 0 0 0 rg BT 509.55 675.85 Td (compares ) Tj ET Q q 0 0 0 rg BT 550.29 675.85 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 663.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.16 663.85 Td (value ) Tj ET Q q 0 0 0 rg BT 109.17 663.85 Td (of ) Tj ET Q q 0 0 0 rg BT 119.84 663.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 145.52 663.85 Td (and ) Tj ET Q q 0 0 0 rg BT 162.31 663.85 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 201.87 663.85 Td (to ) Tj ET Q q 0 0 0 rg BT 212.00 663.85 Td (the ) Tj ET Q q 0 0 0 rg BT 226.56 663.85 Td (estimated ) Tj ET Q q 0 0 0 rg BT 267.23 663.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 283.46 663.85 Td (value. ) Tj ET Q q 0 0 0 rg BT 309.96 663.85 Td (If ) Tj ET Q q 0 0 0 rg BT 318.97 663.85 Td (estimated ) Tj ET Q q 0 0 0 rg BT 359.63 663.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 375.86 663.85 Td (value ) Tj ET Q q 0 0 0 rg BT 399.86 663.85 Td (is ) Tj ET Q q 0 0 0 rg BT 408.88 663.85 Td (less ) Tj ET Q q 0 0 0 rg BT 426.23 663.85 Td (than ) Tj ET Q q 0 0 0 rg BT 445.79 663.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 481.45 663.85 Td (value, ) Tj ET Q q 0 0 0 rg BT 507.96 663.85 Td (then ) Tj ET Q q 0 0 0 rg BT 527.52 663.85 Td (potential ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 651.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.57 651.85 Td (exists. ) Tj ET Q q 0 0 0 rg BT 126.60 651.85 Td (The ) Tj ET Q q 0 0 0 rg BT 145.12 651.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 178.08 651.85 Td (of ) Tj ET Q q 0 0 0 rg BT 189.38 651.85 Td (any ) Tj ET Q q 0 0 0 rg BT 206.79 651.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 255.85 651.85 Td (is ) Tj ET Q q 0 0 0 rg BT 265.49 651.85 Td (then ) Tj ET Q q 0 0 0 rg BT 285.68 651.85 Td (calculated ) Tj ET Q q 0 0 0 rg BT 329.17 651.85 Td (by ) Tj ET Q q 0 0 0 rg BT 342.14 651.85 Td (determining ) Tj ET Q q 0 0 0 rg BT 393.43 651.85 Td (the ) Tj ET Q q 0 0 0 rg BT 408.62 651.85 Td (implied ) Tj ET Q q 0 0 0 rg BT 442.14 651.85 Td (fair ) Tj ET Q q 0 0 0 rg BT 458.98 651.85 Td (value ) Tj ET Q q 0 0 0 rg BT 483.61 651.85 Td (of ) Tj ET Q q 0 0 0 rg BT 494.91 651.85 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 533.43 651.85 Td (using ) Tj ET Q q 0 0 0 rg BT 558.07 651.85 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 639.85 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 102.01 639.85 Td (purchase ) Tj ET Q q 0 0 0 rg BT 140.62 639.85 Td (price ) Tj ET Q q 0 0 0 rg BT 163.69 639.85 Td (allocation. ) Tj ET Q q 0 0 0 rg BT 208.69 639.85 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 258.42 639.85 Td (is ) Tj ET Q q 0 0 0 rg BT 268.17 639.85 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 312.90 639.85 Td (to ) Tj ET Q q 0 0 0 rg BT 323.76 639.85 Td (any ) Tj ET Q q 0 0 0 rg BT 341.27 639.85 Td (excess ) Tj ET Q q 0 0 0 rg BT 370.45 639.85 Td (of ) Tj ET Q q 0 0 0 rg BT 381.86 639.85 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 420.50 639.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 456.89 639.85 Td (value ) Tj ET Q q 0 0 0 rg BT 481.62 639.85 Td (over ) Tj ET Q q 0 0 0 rg BT 502.47 639.85 Td (its ) Tj ET Q q 0 0 0 rg BT 515.00 639.85 Td (implied ) Tj ET Q q 0 0 0 rg BT 548.63 639.85 Td (fair ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 627.85 Td (value.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 605.95 Td (The ) Tj ET Q q 0 0 0 rg BT 91.35 605.95 Td (process ) Tj ET Q q 0 0 0 rg BT 124.65 605.95 Td (of ) Tj ET Q q 0 0 0 rg BT 136.28 605.95 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 181.24 605.95 Td (the ) Tj ET Q q 0 0 0 rg BT 196.76 605.95 Td (potential ) Tj ET Q q 0 0 0 rg BT 235.06 605.95 Td (impairment ) Tj ET Q q 0 0 0 rg BT 284.46 605.95 Td (of ) Tj ET Q q 0 0 0 rg BT 296.10 605.95 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 334.96 605.95 Td (requires ) Tj ET Q q 0 0 0 rg BT 370.47 605.95 Td (significant ) Tj ET Q q 0 0 0 rg BT 415.99 605.95 Td (judgment ) Tj ET Q q 0 0 0 rg BT 457.07 605.95 Td (at ) Tj ET Q q 0 0 0 rg BT 467.59 605.95 Td (many ) Tj ET Q q 0 0 0 rg BT 493.12 605.95 Td (points ) Tj ET Q q 0 0 0 rg BT 520.87 605.95 Td (during ) Tj ET Q q 0 0 0 rg BT 550.28 605.95 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 593.95 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 87.53 593.95 Td (including ) Tj ET Q q 0 0 0 rg BT 128.61 593.95 Td (calculating ) Tj ET Q q 0 0 0 rg BT 175.79 593.95 Td (fair ) Tj ET Q q 0 0 0 rg BT 192.97 593.95 Td (value ) Tj ET Q q 0 0 0 rg BT 217.94 593.95 Td (of ) Tj ET Q q 0 0 0 rg BT 229.58 593.95 Td (each ) Tj ET Q q 0 0 0 rg BT 251.20 593.95 Td (reporting ) Tj ET Q q 0 0 0 rg BT 291.17 593.95 Td (unit ) Tj ET Q q 0 0 0 rg BT 310.03 593.95 Td (based ) Tj ET Q q 0 0 0 rg BT 336.11 593.95 Td (on ) Tj ET Q q 0 0 0 rg BT 349.42 593.95 Td (estimated ) Tj ET Q q 0 0 0 rg BT 391.05 593.95 Td (future ) Tj ET Q q 0 0 0 rg BT 418.24 593.95 Td (cash ) Tj ET Q q 0 0 0 rg BT 439.32 593.95 Td (flows ) Tj ET Q q 0 0 0 rg BT 464.85 593.95 Td (and ) Tj ET Q q 0 0 0 rg BT 482.59 593.95 Td (discount ) Tj ET Q q 0 0 0 rg BT 519.79 593.95 Td (rates ) Tj ET Q q 0 0 0 rg BT 541.98 593.95 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 593.95 Td (be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 581.95 Td (applied.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 560.05 Td (The ) Tj ET Q q 0 0 0 rg BT 90.25 560.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.34 560.05 Td (completed ) Tj ET Q q 0 0 0 rg BT 175.19 560.05 Td (its ) Tj ET Q q 0 0 0 rg BT 186.85 560.05 Td (annual ) Tj ET Q q 0 0 0 rg BT 215.71 560.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 264.01 560.05 Td (tests ) Tj ET Q q 0 0 0 rg BT 283.99 560.05 Td (during ) Tj ET Q q 0 0 0 rg BT 312.30 560.05 Td (the ) Tj ET Q q 0 0 0 rg BT 326.72 560.05 Td (fourth ) Tj ET Q q 0 0 0 rg BT 353.36 560.05 Td (quarters ) Tj ET Q q 0 0 0 rg BT 387.77 560.05 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.31 560.05 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.31 560.05 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.01 560.05 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.01 560.05 Td ( ) Tj ET Q q 0 0 0 rg BT 445.22 560.05 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.86 560.05 Td (201) Tj ET Q q 0 0 0 rg BT 476.49 560.05 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.49 560.05 Td ( ) Tj ET Q q 0 0 0 rg BT 483.69 560.05 Td (and ) Tj ET Q q 0 0 0 rg BT 500.33 560.05 Td (determined ) Tj ET Q q 0 0 0 rg BT 547.52 560.05 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 548.05 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 87.56 548.05 Td (was ) Tj ET Q q 0 0 0 rg BT 105.61 548.05 Td (not ) Tj ET Q q 0 0 0 rg BT 120.89 548.05 Td (impaired.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 522.05 Td (Other ) Tj ET Q q 0 0 0 rg BT 87.89 522.05 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 132.81 522.05 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 505.65 Td (Other ) Tj ET Q q 0 0 0 rg BT 96.84 505.65 Td (intangible ) Tj ET Q q 0 0 0 rg BT 138.41 505.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 163.31 505.65 Td (are ) Tj ET Q q 0 0 0 rg BT 177.09 505.65 Td (stated ) Tj ET Q q 0 0 0 rg BT 201.99 505.65 Td (at ) Tj ET Q q 0 0 0 rg BT 210.78 505.65 Td (cost ) Tj ET Q q 0 0 0 rg BT 228.46 505.65 Td (less ) Tj ET Q q 0 0 0 rg BT 245.04 505.65 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 297.14 505.65 Td (amortization. ) Tj ET Q q 0 0 0 rg BT 351.75 505.65 Td (Other ) Tj ET Q q 0 0 0 rg BT 376.09 505.65 Td (intangible ) Tj ET Q q 0 0 0 rg BT 417.65 505.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 442.56 505.65 Td (include ) Tj ET Q q 0 0 0 rg BT 473.57 505.65 Td (developed ) Tj ET Q q 0 0 0 rg BT 516.23 505.65 Td (technology) Tj ET Q q 0 0 0 rg BT 560.02 505.65 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 493.65 Td (trade ) Tj ET Q q 0 0 0 rg BT 72.68 493.65 Td (names ) Tj ET Q q 0 0 0 rg BT 101.42 493.65 Td (and ) Tj ET Q q 0 0 0 rg BT 119.05 493.65 Td (customer ) Tj ET Q q 0 0 0 rg BT 158.90 493.65 Td (lists ) Tj ET Q q 0 0 0 rg BT 178.21 493.65 Td (and ) Tj ET Q q 0 0 0 rg BT 195.84 493.65 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 237.62 493.65 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 281.36 493.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 307.88 493.65 Td (with ) Tj ET Q q 0 0 0 rg BT 328.85 493.65 Td (finite ) Tj ET Q q 0 0 0 rg BT 353.15 493.65 Td (lives ) Tj ET Q q 0 0 0 rg BT 375.23 493.65 Td (are ) Tj ET Q q 0 0 0 rg BT 390.63 493.65 Td (amortized ) Tj ET Q q 0 0 0 rg BT 433.80 493.65 Td (on ) Tj ET Q q 0 0 0 rg BT 446.99 493.65 Td (a ) Tj ET Q q 0 0 0 rg BT 454.62 493.65 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 506.13 493.65 Td (basis ) Tj ET Q q 0 0 0 rg BT 529.33 493.65 Td (over ) Tj ET Q q 0 0 0 rg BT 550.29 493.65 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 481.65 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.32 481.65 Td (periods ) Tj ET Q q 0 0 0 rg BT 122.26 481.65 Td (of ) Tj ET Q q 0 0 0 rg BT 133.09 481.65 Td (benefit, ) Tj ET Q q 0 0 0 rg BT 165.85 481.65 Td (as ) Tj ET Q q 0 0 0 rg BT 176.68 481.65 Td (follows:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 469.65 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 459.15 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 459.15 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 429.15 445.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 429.15 68.00 -15.00 re f /GS0 gs BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 448.82 Td (Developed technology) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.55 448.82 Td (3-5years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 433.82 Td (Trade names) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.90 433.82 Td (3 years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 418.82 Td (Customer lists and contracts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.55 418.82 Td (1-9 years) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 392.75 Td (The ) Tj ET Q q 0 0 0 rg BT 89.54 392.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 129.92 392.75 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 168.62 392.75 Td (its ) Tj ET Q q 0 0 0 rg BT 179.56 392.75 Td (finite-lived ) Tj ET Q q 0 0 0 rg BT 225.48 392.75 Td (intangible ) Tj ET Q q 0 0 0 rg BT 266.96 392.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 291.79 392.75 Td (for ) Tj ET Q q 0 0 0 rg BT 304.94 392.75 Td (impairment ) Tj ET Q q 0 0 0 rg BT 352.53 392.75 Td (whenever ) Tj ET Q q 0 0 0 rg BT 392.89 392.75 Td (events ) Tj ET Q q 0 0 0 rg BT 419.93 392.75 Td (or ) Tj ET Q q 0 0 0 rg BT 429.75 392.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 463.45 392.75 Td (in ) Tj ET Q q 0 0 0 rg BT 472.73 392.75 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 530.86 392.75 Td (indicate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 380.75 Td (that ) Tj ET Q q 0 0 0 rg BT 67.53 380.75 Td (the ) Tj ET Q q 0 0 0 rg BT 82.78 380.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 119.14 380.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 152.17 380.75 Td (of ) Tj ET Q q 0 0 0 rg BT 163.53 380.75 Td (such ) Tj ET Q q 0 0 0 rg BT 184.90 380.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 211.27 380.75 Td (may ) Tj ET Q q 0 0 0 rg BT 231.52 380.75 Td (not ) Tj ET Q q 0 0 0 rg BT 247.33 380.75 Td (be ) Tj ET Q q 0 0 0 rg BT 259.81 380.75 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 311.97 380.75 Td (Recoverability ) Tj ET Q q 0 0 0 rg BT 373.88 380.75 Td (of ) Tj ET Q q 0 0 0 rg BT 385.24 380.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 411.61 380.75 Td (to ) Tj ET Q q 0 0 0 rg BT 422.42 380.75 Td (be ) Tj ET Q q 0 0 0 rg BT 434.90 380.75 Td (held ) Tj ET Q q 0 0 0 rg BT 455.15 380.75 Td (and ) Tj ET Q q 0 0 0 rg BT 472.63 380.75 Td (used ) Tj ET Q q 0 0 0 rg BT 493.99 380.75 Td (is ) Tj ET Q q 0 0 0 rg BT 503.70 380.75 Td (measured ) Tj ET Q q 0 0 0 rg BT 545.05 380.75 Td (by ) Tj ET Q q 0 0 0 rg BT 558.09 380.75 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 368.75 Td (comparison ) Tj ET Q q 0 0 0 rg BT 98.61 368.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.39 368.75 Td (the ) Tj ET Q q 0 0 0 rg BT 124.06 368.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 159.83 368.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 192.28 368.75 Td (of ) Tj ET Q q 0 0 0 rg BT 203.06 368.75 Td (an ) Tj ET Q q 0 0 0 rg BT 214.95 368.75 Td (asset ) Tj ET Q q 0 0 0 rg BT 236.84 368.75 Td (group ) Tj ET Q q 0 0 0 rg BT 262.62 368.75 Td (to ) Tj ET Q q 0 0 0 rg BT 272.85 368.75 Td (future ) Tj ET Q q 0 0 0 rg BT 299.18 368.75 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 354.96 368.75 Td (net ) Tj ET Q q 0 0 0 rg BT 369.63 368.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 389.85 368.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 414.53 368.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 452.51 368.75 Td (to ) Tj ET Q q 0 0 0 rg BT 462.74 368.75 Td (be ) Tj ET Q q 0 0 0 rg BT 474.63 368.75 Td (generated ) Tj ET Q q 0 0 0 rg BT 515.95 368.75 Td (by ) Tj ET Q q 0 0 0 rg BT 528.40 368.75 Td (the ) Tj ET Q q 0 0 0 rg BT 543.07 368.75 Td (asset ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.75 Td (group. ) Tj ET Q q 0 0 0 rg BT 77.57 356.75 Td (If ) Tj ET Q q 0 0 0 rg BT 86.47 356.75 Td (such ) Tj ET Q q 0 0 0 rg BT 107.04 356.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 132.61 356.75 Td (are ) Tj ET Q q 0 0 0 rg BT 147.06 356.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 192.61 356.75 Td (to ) Tj ET Q q 0 0 0 rg BT 202.63 356.75 Td (be ) Tj ET Q q 0 0 0 rg BT 214.31 356.75 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 254.59 356.75 Td (the ) Tj ET Q q 0 0 0 rg BT 269.05 356.75 Td (impairment ) Tj ET Q q 0 0 0 rg BT 317.39 356.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 335.19 356.75 Td (to ) Tj ET Q q 0 0 0 rg BT 345.21 356.75 Td (be ) Tj ET Q q 0 0 0 rg BT 356.89 356.75 Td (recognized ) Tj ET Q q 0 0 0 rg BT 402.99 356.75 Td (is ) Tj ET Q q 0 0 0 rg BT 411.90 356.75 Td (measured ) Tj ET Q q 0 0 0 rg BT 452.46 356.75 Td (by ) Tj ET Q q 0 0 0 rg BT 464.70 356.75 Td (the ) Tj ET Q q 0 0 0 rg BT 479.15 356.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 511.39 356.75 Td (by ) Tj ET Q q 0 0 0 rg BT 523.63 356.75 Td (which ) Tj ET Q q 0 0 0 rg BT 550.31 356.75 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 344.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 84.99 344.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 117.17 344.75 Td (of ) Tj ET Q q 0 0 0 rg BT 127.68 344.75 Td (the ) Tj ET Q q 0 0 0 rg BT 142.07 344.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 167.58 344.75 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 201.41 344.75 Td (the ) Tj ET Q q 0 0 0 rg BT 215.80 344.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 231.86 344.75 Td (value ) Tj ET Q q 0 0 0 rg BT 255.69 344.75 Td (of ) Tj ET Q q 0 0 0 rg BT 266.20 344.75 Td (the ) Tj ET Q q 0 0 0 rg BT 280.60 344.75 Td (assets. ) Tj ET Q q 0 0 0 rg BT 308.13 344.75 Td (Assets ) Tj ET Q q 0 0 0 rg BT 336.42 344.75 Td (to ) Tj ET Q q 0 0 0 rg BT 346.38 344.75 Td (be ) Tj ET Q q 0 0 0 rg BT 358.00 344.75 Td (disposed ) Tj ET Q q 0 0 0 rg BT 395.18 344.75 Td (of ) Tj ET Q q 0 0 0 rg BT 405.68 344.75 Td (are ) Tj ET Q q 0 0 0 rg BT 420.07 344.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 455.57 344.75 Td (at ) Tj ET Q q 0 0 0 rg BT 464.96 344.75 Td (the ) Tj ET Q q 0 0 0 rg BT 479.36 344.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 504.31 344.75 Td (of ) Tj ET Q q 0 0 0 rg BT 514.81 344.75 Td (the ) Tj ET Q q 0 0 0 rg BT 529.21 344.75 Td (carrying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 332.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 81.86 332.75 Td (and ) Tj ET Q q 0 0 0 rg BT 98.67 332.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 114.92 332.75 Td (value ) Tj ET Q q 0 0 0 rg BT 138.94 332.75 Td (less ) Tj ET Q q 0 0 0 rg BT 156.31 332.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 178.67 332.75 Td (to ) Tj ET Q q 0 0 0 rg BT 188.82 332.75 Td (sell. ) Tj ET Q q 0 0 0 rg BT 207.41 332.75 Td (There ) Tj ET Q q 0 0 0 rg BT 233.09 332.75 Td (have ) Tj ET Q q 0 0 0 rg BT 254.33 332.75 Td (been ) Tj ET Q q 0 0 0 rg BT 275.58 332.75 Td (no ) Tj ET Q q 0 0 0 rg BT 287.95 332.75 Td (such ) Tj ET Q q 0 0 0 rg BT 308.65 332.75 Td (impairments ) Tj ET Q q 0 0 0 rg BT 361.00 332.75 Td (of ) Tj ET Q q 0 0 0 rg BT 371.70 332.75 Td (finite-lived ) Tj ET Q q 0 0 0 rg BT 418.50 332.75 Td (intangible ) Tj ET Q q 0 0 0 rg BT 460.86 332.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 486.56 332.75 Td (for ) Tj ET Q q 0 0 0 rg BT 500.58 332.75 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.17 332.75 Td (years ) Tj ET Q q 0 0 0 rg BT 538.64 332.75 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 320.75 Td (December ) Tj ET Q q 0 0 0 rg BT 93.08 320.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.08 320.75 Td (2013, ) Tj ET Q q 0 0 0 rg BT 133.08 320.75 Td (2012 ) Tj ET Q q 0 0 0 rg BT 155.58 320.75 Td (and ) Tj ET Q q 0 0 0 rg BT 172.52 320.75 Td (201) Tj ET Q q 0 0 0 rg BT 187.15 320.75 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.15 320.75 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 294.75 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 112.90 294.75 Td (of ) Tj ET Q q 0 0 0 rg BT 123.73 294.75 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 173.62 294.75 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 278.35 Td (The ) Tj ET Q q 0 0 0 rg BT 92.65 278.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 136.13 278.35 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 177.94 278.35 Td (its ) Tj ET Q q 0 0 0 rg BT 191.98 278.35 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 237.69 278.35 Td (assets ) Tj ET Q q 0 0 0 rg BT 265.62 278.35 Td (for ) Tj ET Q q 0 0 0 rg BT 281.88 278.35 Td (indications ) Tj ET Q q 0 0 0 rg BT 330.36 278.35 Td (of ) Tj ET Q q 0 0 0 rg BT 343.29 278.35 Td (possible ) Tj ET Q q 0 0 0 rg BT 380.67 278.35 Td (impairment ) Tj ET Q q 0 0 0 rg BT 431.37 278.35 Td (whenever ) Tj ET Q q 0 0 0 rg BT 474.83 278.35 Td (events ) Tj ET Q q 0 0 0 rg BT 504.98 278.35 Td (or ) Tj ET Q q 0 0 0 rg BT 517.91 278.35 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.72 278.35 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 266.35 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 108.60 266.35 Td (indicate ) Tj ET Q q 0 0 0 rg BT 142.71 266.35 Td (that ) Tj ET Q q 0 0 0 rg BT 160.17 266.35 Td (the ) Tj ET Q q 0 0 0 rg BT 174.85 266.35 Td (carrying ) Tj ET Q q 0 0 0 rg BT 210.62 266.35 Td (amount ) Tj ET Q q 0 0 0 rg BT 243.08 266.35 Td (of ) Tj ET Q q 0 0 0 rg BT 253.87 266.35 Td (an ) Tj ET Q q 0 0 0 rg BT 265.77 266.35 Td (asset ) Tj ET Q q 0 0 0 rg BT 287.67 266.35 Td (may ) Tj ET Q q 0 0 0 rg BT 307.35 266.35 Td (not ) Tj ET Q q 0 0 0 rg BT 322.59 266.35 Td (be ) Tj ET Q q 0 0 0 rg BT 334.49 266.35 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 385.90 266.35 Td (There ) Tj ET Q q 0 0 0 rg BT 411.68 266.35 Td (has ) Tj ET Q q 0 0 0 rg BT 427.47 266.35 Td (been ) Tj ET Q q 0 0 0 rg BT 448.80 266.35 Td (no ) Tj ET Q q 0 0 0 rg BT 461.27 266.35 Td (such ) Tj ET Q q 0 0 0 rg BT 482.06 266.35 Td (impairment ) Tj ET Q q 0 0 0 rg BT 530.62 266.35 Td (of ) Tj ET Q q 0 0 0 rg BT 541.41 266.35 Td (long-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 254.35 Td (lived ) Tj ET Q q 0 0 0 rg BT 72.00 254.35 Td (assets ) Tj ET Q q 0 0 0 rg BT 97.83 254.35 Td (for ) Tj ET Q q 0 0 0 rg BT 111.99 254.35 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.70 254.35 Td (years ) Tj ET Q q 0 0 0 rg BT 150.30 254.35 Td (ended ) Tj ET Q q 0 0 0 rg BT 176.68 254.35 Td (December ) Tj ET Q q 0 0 0 rg BT 220.26 254.35 Td (31, ) Tj ET Q q 0 0 0 rg BT 235.26 254.35 Td (2013, ) Tj ET Q q 0 0 0 rg BT 260.26 254.35 Td (2012 ) Tj ET Q q 0 0 0 rg BT 282.76 254.35 Td (and ) Tj ET Q q 0 0 0 rg BT 299.70 254.35 Td (201) Tj ET Q q 0 0 0 rg BT 314.33 254.35 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.33 254.35 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 228.35 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 99.55 228.35 Td (Recognition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 211.95 Td (The ) Tj ET Q q 0 0 0 rg BT 91.45 211.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.74 211.95 Td (generates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.89 211.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 209.94 211.95 Td (primarily ) Tj ET Q q 0 0 0 rg BT 250.56 211.95 Td (from ) Tj ET Q q 0 0 0 rg BT 273.40 211.95 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 321.79 211.95 Td (and ) Tj ET Q q 0 0 0 rg BT 339.63 211.95 Td (on-premise ) Tj ET Q q 0 0 0 rg BT 388.01 211.95 Td (fees ) Tj ET Q q 0 0 0 rg BT 407.51 211.95 Td (for ) Tj ET Q q 0 0 0 rg BT 422.58 211.95 Td (software ) Tj ET Q q 0 0 0 rg BT 460.41 211.95 Td (and ) Tj ET Q q 0 0 0 rg BT 478.25 211.95 Td (related ) Tj ET Q q 0 0 0 rg BT 508.85 211.95 Td (services.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.56 211.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.96 211.95 Td (On-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 199.95 Td (demand ) Tj ET Q q 0 0 0 rg BT 83.37 199.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 121.12 199.95 Td (are ) Tj ET Q q 0 0 0 rg BT 135.54 199.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 173.28 199.95 Td (generated ) Tj ET Q q 0 0 0 rg BT 214.36 199.95 Td (from ) Tj ET Q q 0 0 0 rg BT 236.01 199.95 Td (company-hosted ) Tj ET Q q 0 0 0 rg BT 304.31 199.95 Td (software ) Tj ET Q q 0 0 0 rg BT 340.96 199.95 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 395.95 199.95 Td (that ) Tj ET Q q 0 0 0 rg BT 413.15 199.95 Td (customers ) Tj ET Q q 0 0 0 rg BT 455.91 199.95 Td (access ) Tj ET Q q 0 0 0 rg BT 483.66 199.95 Td (through ) Tj ET Q q 0 0 0 rg BT 516.98 199.95 Td (the ) Tj ET Q q 0 0 0 rg BT 531.41 199.95 Td (Internet ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 187.95 Td (as ) Tj ET Q q 0 0 0 rg BT 60.16 187.95 Td (well ) Tj ET Q q 0 0 0 rg BT 79.71 187.95 Td (as ) Tj ET Q q 0 0 0 rg BT 90.37 187.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 128.24 187.95 Td (from ) Tj ET Q q 0 0 0 rg BT 150.01 187.95 Td (a ) Tj ET Q q 0 0 0 rg BT 156.77 187.95 Td (small ) Tj ET Q q 0 0 0 rg BT 180.77 187.95 Td (number ) Tj ET Q q 0 0 0 rg BT 213.65 187.95 Td (of ) Tj ET Q q 0 0 0 rg BT 224.31 187.95 Td (customers ) Tj ET Q q 0 0 0 rg BT 267.19 187.95 Td (that ) Tj ET Q q 0 0 0 rg BT 284.51 187.95 Td (have ) Tj ET Q q 0 0 0 rg BT 305.72 187.95 Td (opted ) Tj ET Q q 0 0 0 rg BT 330.27 187.95 Td (to ) Tj ET Q q 0 0 0 rg BT 340.38 187.95 Td (self-host ) Tj ET Q q 0 0 0 rg BT 377.14 187.95 Td (a ) Tj ET Q q 0 0 0 rg BT 383.91 187.95 Td (portion ) Tj ET Q q 0 0 0 rg BT 415.13 187.95 Td (of ) Tj ET Q q 0 0 0 rg BT 425.79 187.95 Td (the ) Tj ET Q q 0 0 0 rg BT 440.34 187.95 Td (software ) Tj ET Q q 0 0 0 rg BT 477.10 187.95 Td (but ) Tj ET Q q 0 0 0 rg BT 492.21 187.95 Td (pay ) Tj ET Q q 0 0 0 rg BT 508.98 187.95 Td (fees ) Tj ET Q q 0 0 0 rg BT 527.40 187.95 Td (based ) Tj ET Q q 0 0 0 rg BT 552.50 187.95 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 175.95 Td (a ) Tj ET Q q 0 0 0 rg BT 57.10 175.95 Td (per ) Tj ET Q q 0 0 0 rg BT 73.02 175.95 Td (closed ) Tj ET Q q 0 0 0 rg BT 101.72 175.95 Td (loan, ) Tj ET Q q 0 0 0 rg BT 124.60 175.95 Td (or ) Tj ET Q q 0 0 0 rg BT 136.08 175.95 Td (success, ) Tj ET Q q 0 0 0 rg BT 171.73 175.95 Td (basis ) Tj ET Q q 0 0 0 rg BT 194.89 175.95 Td (subject ) Tj ET Q q 0 0 0 rg BT 226.37 175.95 Td (to ) Tj ET Q q 0 0 0 rg BT 237.31 175.95 Td (monthly ) Tj ET Q q 0 0 0 rg BT 273.80 175.95 Td (base ) Tj ET Q q 0 0 0 rg BT 294.72 175.95 Td (fees, ) Tj ET Q q 0 0 0 rg BT 316.48 175.95 Td (which) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.92 175.95 Td ( ) Tj ET Q q 0 0 0 rg BT 344.07 175.95 Td (the ) Tj ET Q q 0 0 0 rg BT 359.45 175.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 401.49 175.95 Td (refers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.41 175.95 Td (to ) Tj ET Q q 0 0 0 rg BT 438.34 175.95 Td (as ) Tj ET Q q 0 0 0 rg BT 449.83 175.95 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 512.41 175.95 Td (Pricing. ) Tj ET Q q 0 0 0 rg BT 546.96 175.95 Td (On-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 163.95 Td (demand ) Tj ET Q q 0 0 0 rg BT 83.00 163.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 120.39 163.95 Td (are ) Tj ET Q q 0 0 0 rg BT 134.45 163.95 Td (also ) Tj ET Q q 0 0 0 rg BT 152.41 163.95 Td (comprised ) Tj ET Q q 0 0 0 rg BT 195.91 163.95 Td (of ) Tj ET Q q 0 0 0 rg BT 206.09 163.95 Td (software ) Tj ET Q q 0 0 0 rg BT 242.37 163.95 Td (services ) Tj ET Q q 0 0 0 rg BT 276.43 163.95 Td (sold ) Tj ET Q q 0 0 0 rg BT 294.95 163.95 Td (transactionally ) Tj ET Q q 0 0 0 rg BT 355.66 163.95 Td (and ) Tj ET Q q 0 0 0 rg BT 371.95 163.95 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 392.68 163.95 Td (Mae ) Tj ET Q q 0 0 0 rg BT 412.30 163.95 Td (Network ) Tj ET Q q 0 0 0 rg BT 449.14 163.95 Td (transaction ) Tj ET Q q 0 0 0 rg BT 494.86 163.95 Td (fees.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.46 163.95 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.31 163.95 Td (On-premise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 151.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 88.29 151.95 Td (are ) Tj ET Q q 0 0 0 rg BT 103.76 151.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 142.55 151.95 Td (generated ) Tj ET Q q 0 0 0 rg BT 184.67 151.95 Td (from ) Tj ET Q q 0 0 0 rg BT 207.36 151.95 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 261.14 151.95 Td (services, ) Tj ET Q q 0 0 0 rg BT 299.11 151.95 Td (sales ) Tj ET Q q 0 0 0 rg BT 321.80 151.95 Td (of ) Tj ET Q q 0 0 0 rg BT 333.39 151.95 Td (customer) Tj ET Q q 0 0 0 rg BT 369.84 151.95 Td (-hosted ) Tj ET Q q 0 0 0 rg BT 402.54 151.95 Td (software ) Tj ET Q q 0 0 0 rg BT 440.22 151.95 Td (licenses ) Tj ET Q q 0 0 0 rg BT 475.13 151.95 Td (\(except ) Tj ET Q q 0 0 0 rg BT 507.81 151.95 Td (for ) Tj ET Q q 0 0 0 rg BT 522.73 151.95 Td (customer) Tj ET Q q 0 0 0 rg BT 559.18 151.95 Td (-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 139.95 Td (hosted ) Tj ET Q q 0 0 0 rg BT 78.12 139.95 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 140.05 139.95 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 171.45 139.95 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 212.00 139.95 Td (which ) Tj ET Q q 0 0 0 rg BT 238.94 139.95 Td (are ) Tj ET Q q 0 0 0 rg BT 253.66 139.95 Td (included ) Tj ET Q q 0 0 0 rg BT 290.60 139.95 Td (in ) Tj ET Q q 0 0 0 rg BT 300.89 139.95 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 348.38 139.95 Td (revenues ) Tj ET Q q 0 0 0 rg BT 386.43 139.95 Td (described ) Tj ET Q q 0 0 0 rg BT 427.25 139.95 Td (above\), ) Tj ET Q q 0 0 0 rg BT 459.47 139.95 Td (and ) Tj ET Q q 0 0 0 rg BT 476.42 139.95 Td (professional ) Tj ET Q q 0 0 0 rg BT 527.80 139.95 Td (services, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 127.95 Td (which ) Tj ET Q q 0 0 0 rg BT 76.86 127.95 Td (include ) Tj ET Q q 0 0 0 rg BT 109.22 127.95 Td (consulting, ) Tj ET Q q 0 0 0 rg BT 156.31 127.95 Td (implementation ) Tj ET Q q 0 0 0 rg BT 222.00 127.95 Td (and ) Tj ET Q q 0 0 0 rg BT 239.36 127.95 Td (training ) Tj ET Q q 0 0 0 rg BT 273.39 127.95 Td (services.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.09 127.95 Td ( ) Tj ET Q q 0 0 0 rg BT 311.02 127.95 Td (Sales ) Tj ET Q q 0 0 0 rg BT 335.05 127.95 Td (taxes ) Tj ET Q q 0 0 0 rg BT 358.52 127.95 Td (assessed ) Tj ET Q q 0 0 0 rg BT 395.33 127.95 Td (by ) Tj ET Q q 0 0 0 rg BT 408.25 127.95 Td (governmental ) Tj ET Q q 0 0 0 rg BT 466.15 127.95 Td (authorities ) Tj ET Q q 0 0 0 rg BT 511.29 127.95 Td (are ) Tj ET Q q 0 0 0 rg BT 526.42 127.95 Td (excluded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 115.95 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 115.95 Td (revenue.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.50 538.70 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 146.61 538.70 Td (, ) Tj ET Q q 0 0 0 rg BT 151.23 538.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 193.91 538.70 Td (can ) Tj ET Q q 0 0 0 rg BT 209.91 538.70 Td (elect ) Tj ET Q q 0 0 0 rg BT 230.91 538.70 Td (to ) Tj ET Q q 0 0 0 rg BT 240.81 538.70 Td (pay ) Tj ET Q q 0 0 0 rg BT 257.38 538.70 Td (on ) Tj ET Q q 0 0 0 rg BT 269.50 538.70 Td (a ) Tj ET Q q 0 0 0 rg BT 276.06 538.70 Td (per ) Tj ET Q q 0 0 0 rg BT 290.96 538.70 Td (closed ) Tj ET Q q 0 0 0 rg BT 318.63 538.70 Td (loan, ) Tj ET Q q 0 0 0 rg BT 340.47 538.70 Td (or ) Tj ET Q q 0 0 0 rg BT 350.93 538.70 Td (success, ) Tj ET Q q 0 0 0 rg BT 385.54 538.70 Td (basis. ) Tj ET Q q 0 0 0 rg BT 410.17 538.70 Td (Success ) Tj ET Q q 0 0 0 rg BT 443.96 538.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 466.08 538.70 Td (contracts ) Tj ET Q q 0 0 0 rg BT 504.30 538.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 543.63 538.70 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 526.70 Td (a ) Tj ET Q q 0 0 0 rg BT 78.75 526.70 Td (term ) Tj ET Q q 0 0 0 rg BT 99.39 526.70 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.72 526.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.03 526.70 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.47 526.70 Td ( ) Tj ET Q q 0 0 0 rg BT 126.78 526.70 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.87 526.70 Td (five ) Tj ET Q q 0 0 0 rg BT 154.73 526.70 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.83 526.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.14 526.70 Td (and ) Tj ET Q q 0 0 0 rg BT 194.89 526.70 Td (are ) Tj ET Q q 0 0 0 rg BT 209.41 526.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 240.05 526.70 Td (to ) Tj ET Q q 0 0 0 rg BT 250.14 526.70 Td (monthly ) Tj ET Q q 0 0 0 rg BT 285.78 526.70 Td (base ) Tj ET Q q 0 0 0 rg BT 305.86 526.70 Td (fees, ) Tj ET Q q 0 0 0 rg BT 326.78 526.70 Td (which ) Tj ET Q q 0 0 0 rg BT 353.53 526.70 Td (enable ) Tj ET Q q 0 0 0 rg BT 381.93 526.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 424.79 526.70 Td (to ) Tj ET Q q 0 0 0 rg BT 434.88 526.70 Td (close ) Tj ET Q q 0 0 0 rg BT 457.74 526.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 481.16 526.70 Td (up ) Tj ET Q q 0 0 0 rg BT 493.47 526.70 Td (to ) Tj ET Q q 0 0 0 rg BT 503.56 526.70 Td (a ) Tj ET Q q 0 0 0 rg BT 510.31 526.70 Td (contractually ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 514.70 Td (agreed-to ) Tj ET Q q 0 0 0 rg BT 112.47 514.70 Td (minimum ) Tj ET Q q 0 0 0 rg BT 154.08 514.70 Td (number ) Tj ET Q q 0 0 0 rg BT 187.35 514.70 Td (of ) Tj ET Q q 0 0 0 rg BT 198.40 514.70 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 251.38 514.70 Td (and ) Tj ET Q q 0 0 0 rg BT 268.54 514.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 311.25 514.70 Td (closed ) Tj ET Q q 0 0 0 rg BT 339.51 514.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 359.45 514.70 Td (fees, ) Tj ET Q q 0 0 0 rg BT 380.76 514.70 Td (which ) Tj ET Q q 0 0 0 rg BT 407.92 514.70 Td (are ) Tj ET Q q 0 0 0 rg BT 422.85 514.70 Td (assessed ) Tj ET Q q 0 0 0 rg BT 459.45 514.70 Td (for ) Tj ET Q q 0 0 0 rg BT 473.83 514.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 497.65 514.70 Td (closed ) Tj ET Q q 0 0 0 rg BT 525.92 514.70 Td (in ) Tj ET Q q 0 0 0 rg BT 536.42 514.70 Td (excess ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 502.70 Td (of ) Tj ET Q q 0 0 0 rg BT 82.53 502.70 Td (the ) Tj ET Q q 0 0 0 rg BT 96.94 502.70 Td (minimum. ) Tj ET Q q 0 0 0 rg BT 140.53 502.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 177.71 502.70 Td (is ) Tj ET Q q 0 0 0 rg BT 186.58 502.70 Td (earned ) Tj ET Q q 0 0 0 rg BT 215.42 502.70 Td (from ) Tj ET Q q 0 0 0 rg BT 237.05 502.70 Td (both ) Tj ET Q q 0 0 0 rg BT 257.03 502.70 Td (base ) Tj ET Q q 0 0 0 rg BT 276.99 502.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 295.29 502.70 Td (and ) Tj ET Q q 0 0 0 rg BT 311.92 502.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 354.11 502.70 Td (closed ) Tj ET Q q 0 0 0 rg BT 381.85 502.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 401.26 502.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 419.56 502.70 Td (as ) Tj ET Q q 0 0 0 rg BT 430.08 502.70 Td (the ) Tj ET Q q 0 0 0 rg BT 444.50 502.70 Td (result ) Tj ET Q q 0 0 0 rg BT 468.91 502.70 Td (of ) Tj ET Q q 0 0 0 rg BT 479.44 502.70 Td (the ) Tj ET Q q 0 0 0 rg BT 493.85 502.70 Td (customer) Tj ET Q q 0 0 0 rg BT 530.88 502.70 Td () Tj ET Q q 0 0 0 rg BT 533.66 502.70 Td (s ) Tj ET Q q 0 0 0 rg BT 539.74 502.70 Td (usage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 490.70 Td (of ) Tj ET Q q 0 0 0 rg BT 83.74 490.70 Td (Encompass. ) Tj ET Q q 0 0 0 rg BT 135.19 490.70 Td (Monthly ) Tj ET Q q 0 0 0 rg BT 173.04 490.70 Td (base ) Tj ET Q q 0 0 0 rg BT 194.22 490.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 213.72 490.70 Td (are ) Tj ET Q q 0 0 0 rg BT 229.33 490.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 276.60 490.70 Td (over ) Tj ET Q q 0 0 0 rg BT 297.78 490.70 Td (the ) Tj ET Q q 0 0 0 rg BT 313.40 490.70 Td (respective ) Tj ET Q q 0 0 0 rg BT 357.34 490.70 Td (monthly ) Tj ET Q q 0 0 0 rg BT 394.08 490.70 Td (service ) Tj ET Q q 0 0 0 rg BT 425.80 490.70 Td (period ) Tj ET Q q 0 0 0 rg BT 454.75 490.70 Td (as ) Tj ET Q q 0 0 0 rg BT 466.49 490.70 Td (the ) Tj ET Q q 0 0 0 rg BT 482.11 490.70 Td (software ) Tj ET Q q 0 0 0 rg BT 519.94 490.70 Td (is ) Tj ET Q q 0 0 0 rg BT 530.02 490.70 Td (utilized. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 478.70 Td (Additional ) Tj ET Q q 0 0 0 rg BT 117.56 478.70 Td (closed ) Tj ET Q q 0 0 0 rg BT 145.90 478.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 169.80 478.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 188.69 478.70 Td (are ) Tj ET Q q 0 0 0 rg BT 203.69 478.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 250.34 478.70 Td (when ) Tj ET Q q 0 0 0 rg BT 274.79 478.70 Td (the ) Tj ET Q q 0 0 0 rg BT 289.80 478.70 Td (loans ) Tj ET Q q 0 0 0 rg BT 313.70 478.70 Td (are ) Tj ET Q q 0 0 0 rg BT 328.69 478.70 Td (reported ) Tj ET Q q 0 0 0 rg BT 364.80 478.70 Td (as ) Tj ET Q q 0 0 0 rg BT 375.92 478.70 Td (closed. ) Tj ET Q q 0 0 0 rg BT 406.56 478.70 Td (This ) Tj ET Q q 0 0 0 rg BT 427.13 478.70 Td (of) Tj ET Q q 0 0 0 rg BT 435.27 478.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 461.94 478.70 Td (also ) Tj ET Q q 0 0 0 rg BT 480.84 478.70 Td (includes ) Tj ET Q q 0 0 0 rg BT 516.96 478.70 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 466.70 Td (CenterW) Tj ET Q q 0 0 0 rg BT 107.69 466.70 Td (ise, ) Tj ET Q q 0 0 0 rg BT 123.00 466.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 170.25 466.70 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 220.28 466.70 Td (Service ) Tj ET Q q 0 0 0 rg BT 251.97 466.70 Td (and ) Tj ET Q q 0 0 0 rg BT 268.11 466.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 315.36 466.70 Td (Docs ) Tj ET Q q 0 0 0 rg BT 337.61 466.70 Td (Solution ) Tj ET Q q 0 0 0 rg BT 373.21 466.70 Td (for ) Tj ET Q q 0 0 0 rg BT 386.58 466.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 433.83 466.70 Td (as ) Tj ET Q q 0 0 0 rg BT 443.86 466.70 Td (integrated ) Tj ET Q q 0 0 0 rg BT 485.54 466.70 Td (components, ) Tj ET Q q 0 0 0 rg BT 538.07 466.70 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 454.70 Td (are ) Tj ET Q q 0 0 0 rg BT 86.61 454.70 Td (combined ) Tj ET Q q 0 0 0 rg BT 128.45 454.70 Td (elements ) Tj ET Q q 0 0 0 rg BT 166.39 454.70 Td (of ) Tj ET Q q 0 0 0 rg BT 177.13 454.70 Td (the ) Tj ET Q q 0 0 0 rg BT 191.75 454.70 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 244.12 454.70 Td (that ) Tj ET Q q 0 0 0 rg BT 261.52 454.70 Td (is ) Tj ET Q q 0 0 0 rg BT 270.60 454.70 Td (delivered ) Tj ET Q q 0 0 0 rg BT 310.20 454.70 Td (in ) Tj ET Q q 0 0 0 rg BT 320.38 454.70 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 370.00 454.70 Td (with ) Tj ET Q q 0 0 0 rg BT 390.18 454.70 Td (the ) Tj ET Q q 0 0 0 rg BT 404.80 454.70 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 427.21 454.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 475.16 454.70 Td (of) Tj ET Q q 0 0 0 rg BT 483.31 454.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 509.59 454.70 Td (and ) Tj ET Q q 0 0 0 rg BT 526.43 454.70 Td (therefore ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 442.70 Td (is ) Tj ET Q q 0 0 0 rg BT 81.17 442.70 Td (not ) Tj ET Q q 0 0 0 rg BT 96.45 442.70 Td (accounted ) Tj ET Q q 0 0 0 rg BT 139.48 442.70 Td (for ) Tj ET Q q 0 0 0 rg BT 153.64 442.70 Td (separately) Tj ET Q q 0 0 0 rg BT 193.52 442.70 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.02 442.70 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 94.50 421.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 142.56 421.70 Td (CenterW) Tj ET Q q 0 0 0 rg BT 177.56 421.70 Td (ise ) Tj ET Q q 0 0 0 rg BT 191.17 421.70 Td (Revenues.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 231.43 421.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.94 421.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 282.00 421.70 Td (CenterW) Tj ET Q q 0 0 0 rg BT 317.69 421.70 Td (ise ) Tj ET Q q 0 0 0 rg BT 331.31 421.70 Td (is ) Tj ET Q q 0 0 0 rg BT 340.49 421.70 Td (a ) Tj ET Q q 0 0 0 rg BT 347.43 421.70 Td (bundled ) Tj ET Q q 0 0 0 rg BT 382.16 421.70 Td (of) Tj ET Q q 0 0 0 rg BT 390.31 421.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 416.70 421.70 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.03 421.70 Td ( ) Tj ET Q q 0 0 0 rg BT 427.54 421.70 Td (electronic ) Tj ET Q q 0 0 0 rg BT 469.47 421.70 Td (document ) Tj ET Q q 0 0 0 rg BT 511.41 421.70 Td (management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 409.70 Td (\(EDM\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.05 409.70 Td (and ) Tj ET Q q 0 0 0 rg BT 132.78 409.70 Td (websites ) Tj ET Q q 0 0 0 rg BT 171.50 409.70 Td (used ) Tj ET Q q 0 0 0 rg BT 194.12 409.70 Td (for ) Tj ET Q q 0 0 0 rg BT 210.07 409.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 251.02 409.70 Td (relationship ) Tj ET Q q 0 0 0 rg BT 302.52 409.70 Td (management. ) Tj ET Q q 0 0 0 rg BT 360.39 409.70 Td (Generally) Tj ET Q q 0 0 0 rg BT 399.17 409.70 Td (, ) Tj ET Q q 0 0 0 rg BT 405.96 409.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 441.89 409.70 Td (is ) Tj ET Q q 0 0 0 rg BT 452.85 409.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 501.00 409.70 Td (for ) Tj ET Q q 0 0 0 rg BT 516.95 409.70 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 397.70 Td (CenterW) Tj ET Q q 0 0 0 rg BT 107.69 397.70 Td (ise ) Tj ET Q q 0 0 0 rg BT 121.96 397.70 Td (after ) Tj ET Q q 0 0 0 rg BT 143.43 397.70 Td (the ) Tj ET Q q 0 0 0 rg BT 158.80 397.70 Td (service ) Tj ET Q q 0 0 0 rg BT 190.27 397.70 Td (is ) Tj ET Q q 0 0 0 rg BT 200.10 397.70 Td (rendered, ) Tj ET Q q 0 0 0 rg BT 240.73 397.70 Td (except ) Tj ET Q q 0 0 0 rg BT 269.98 397.70 Td (when ) Tj ET Q q 0 0 0 rg BT 294.79 397.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 343.50 397.70 Td (CenterW) Tj ET Q q 0 0 0 rg BT 379.19 397.70 Td (ise ) Tj ET Q q 0 0 0 rg BT 393.46 397.70 Td (is ) Tj ET Q q 0 0 0 rg BT 403.28 397.70 Td (automatically ) Tj ET Q q 0 0 0 rg BT 460.86 397.70 Td (included ) Tj ET Q q 0 0 0 rg BT 498.45 397.70 Td (as ) Tj ET Q q 0 0 0 rg BT 509.94 397.70 Td (an ) Tj ET Q q 0 0 0 rg BT 522.53 397.70 Td (integrated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 385.70 Td (component ) Tj ET Q q 0 0 0 rg BT 118.93 385.70 Td (of ) Tj ET Q q 0 0 0 rg BT 129.76 385.70 Td (the ) Tj ET Q q 0 0 0 rg BT 144.48 385.70 Td (SaaS ) Tj ET Q q 0 0 0 rg BT 166.98 385.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 215.03 385.70 Td (of) Tj ET Q q 0 0 0 rg BT 223.18 385.70 Td (fering, ) Tj ET Q q 0 0 0 rg BT 252.05 385.70 Td (in ) Tj ET Q q 0 0 0 rg BT 262.33 385.70 Td (which ) Tj ET Q q 0 0 0 rg BT 289.27 385.70 Td (case ) Tj ET Q q 0 0 0 rg BT 308.98 385.70 Td (the ) Tj ET Q q 0 0 0 rg BT 323.69 385.70 Td (associated ) Tj ET Q q 0 0 0 rg BT 367.29 385.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 401.43 385.70 Td (is ) Tj ET Q q 0 0 0 rg BT 410.60 385.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 456.97 385.70 Td (as ) Tj ET Q q 0 0 0 rg BT 467.80 385.70 Td (described ) Tj ET Q q 0 0 0 rg BT 508.61 385.70 Td (above.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.99 385.70 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 94.50 364.70 Td (Services ) Tj ET Q q 0 0 0 rg BT 132.75 364.70 Td (Revenues. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.93 364.70 Td (The ) Tj ET Q q 0 0 0 rg BT 198.41 364.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 242.23 364.70 Td (provides ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.60 364.70 Td (mortgage-related ) Tj ET Q q 0 0 0 rg BT 354.83 364.70 Td (and ) Tj ET Q q 0 0 0 rg BT 374.20 364.70 Td (other ) Tj ET Q q 0 0 0 rg BT 399.68 364.70 Td (business ) Tj ET Q q 0 0 0 rg BT 438.50 364.70 Td (services, ) Tj ET Q q 0 0 0 rg BT 478.14 364.70 Td (including ) Tj ET Q q 0 0 0 rg BT 520.85 364.70 Td (automated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 352.70 Td (documentation ) Tj ET Q q 0 0 0 rg BT 133.93 352.70 Td (preparation ) Tj ET Q q 0 0 0 rg BT 181.96 352.70 Td (and ) Tj ET Q q 0 0 0 rg BT 198.90 352.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 247.49 352.70 Td (reports. ) Tj ET Q q 0 0 0 rg BT 280.26 352.70 Td (Services ) Tj ET Q q 0 0 0 rg BT 316.63 352.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 354.67 352.70 Td (are ) Tj ET Q q 0 0 0 rg BT 369.38 352.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 415.74 352.70 Td (after ) Tj ET Q q 0 0 0 rg BT 436.56 352.70 Td (the ) Tj ET Q q 0 0 0 rg BT 451.27 352.70 Td (services ) Tj ET Q q 0 0 0 rg BT 485.98 352.70 Td (are ) Tj ET Q q 0 0 0 rg BT 500.69 352.70 Td (rendered.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.16 352.70 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 331.70 Td (T) Tj ET Q q 0 0 0 rg BT 78.51 331.70 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 125.33 331.70 Td (Revenues.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 165.59 331.70 Td ( ) Tj ET Q q 0 0 0 rg BT 169.34 331.70 Td (The ) Tj ET Q q 0 0 0 rg BT 188.94 331.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 231.87 331.70 Td (has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.25 331.70 Td (entered ) Tj ET Q q 0 0 0 rg BT 282.72 331.70 Td (into ) Tj ET Q q 0 0 0 rg BT 302.32 331.70 Td (agreements ) Tj ET Q q 0 0 0 rg BT 351.90 331.70 Td (with ) Tj ET Q q 0 0 0 rg BT 373.73 331.70 Td (various ) Tj ET Q q 0 0 0 rg BT 407.21 331.70 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 442.64 331.70 Td (service ) Tj ET Q q 0 0 0 rg BT 475.00 331.70 Td (providers ) Tj ET Q q 0 0 0 rg BT 516.81 331.70 Td (and ) Tj ET Q q 0 0 0 rg BT 535.30 331.70 Td (certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 319.70 Td (government ) Tj ET Q q 0 0 0 rg BT 99.12 319.70 Td (agencies ) Tj ET Q q 0 0 0 rg BT 135.39 319.70 Td (participating ) Tj ET Q q 0 0 0 rg BT 187.78 319.70 Td (in ) Tj ET Q q 0 0 0 rg BT 197.42 319.70 Td (the ) Tj ET Q q 0 0 0 rg BT 211.48 319.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 251.10 319.70 Td (origination ) Tj ET Q q 0 0 0 rg BT 296.84 319.70 Td (process ) Tj ET Q q 0 0 0 rg BT 328.68 319.70 Td (that ) Tj ET Q q 0 0 0 rg BT 345.53 319.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 377.93 319.70 Td (them ) Tj ET Q q 0 0 0 rg BT 399.78 319.70 Td (access ) Tj ET Q q 0 0 0 rg BT 427.17 319.70 Td (to, ) Tj ET Q q 0 0 0 rg BT 439.30 319.70 Td (and ) Tj ET Q q 0 0 0 rg BT 455.59 319.70 Td (ability ) Tj ET Q q 0 0 0 rg BT 482.99 319.70 Td (to ) Tj ET Q q 0 0 0 rg BT 492.63 319.70 Td (interoperate ) Tj ET Q q 0 0 0 rg BT 542.23 319.70 Td (with, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 307.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 89.79 307.70 Td (originators ) Tj ET Q q 0 0 0 rg BT 135.64 307.70 Td (on ) Tj ET Q q 0 0 0 rg BT 148.16 307.70 Td (the ) Tj ET Q q 0 0 0 rg BT 162.90 307.70 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 184.31 307.70 Td (Mae ) Tj ET Q q 0 0 0 rg BT 204.60 307.70 Td (Network.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.09 307.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.62 307.70 Td (Under ) Tj ET Q q 0 0 0 rg BT 272.13 307.70 Td (these ) Tj ET Q q 0 0 0 rg BT 295.20 307.70 Td (agreements,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.24 307.70 Td ( ) Tj ET Q q 0 0 0 rg BT 345.76 307.70 Td (the ) Tj ET Q q 0 0 0 rg BT 360.50 307.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 401.91 307.70 Td (earns ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.54 307.70 Td (transaction ) Tj ET Q q 0 0 0 rg BT 471.93 307.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 490.55 307.70 Td (when ) Tj ET Q q 0 0 0 rg BT 514.74 307.70 Td (transactions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 295.70 Td (are ) Tj ET Q q 0 0 0 rg BT 64.86 295.70 Td (processed ) Tj ET Q q 0 0 0 rg BT 107.43 295.70 Td (through ) Tj ET Q q 0 0 0 rg BT 141.69 295.70 Td (the ) Tj ET Q q 0 0 0 rg BT 157.05 295.70 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 179.08 295.70 Td (Mae ) Tj ET Q q 0 0 0 rg BT 200.00 295.70 Td (Network.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.49 295.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.41 295.70 Td (T) Tj ET Q q 0 0 0 rg BT 246.17 295.70 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 290.41 295.70 Td (revenues ) Tj ET Q q 0 0 0 rg BT 329.10 295.70 Td (are ) Tj ET Q q 0 0 0 rg BT 344.45 295.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 391.46 295.70 Td (when ) Tj ET Q q 0 0 0 rg BT 416.27 295.70 Td (there ) Tj ET Q q 0 0 0 rg BT 439.41 295.70 Td (is ) Tj ET Q q 0 0 0 rg BT 449.22 295.70 Td (evidence ) Tj ET Q q 0 0 0 rg BT 487.91 295.70 Td (that ) Tj ET Q q 0 0 0 rg BT 506.05 295.70 Td (the ) Tj ET Q q 0 0 0 rg BT 521.41 295.70 Td (qualifying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 283.70 Td (transactions ) Tj ET Q q 0 0 0 rg BT 99.76 283.70 Td (have ) Tj ET Q q 0 0 0 rg BT 121.14 283.70 Td (occurred ) Tj ET Q q 0 0 0 rg BT 158.62 283.70 Td (on ) Tj ET Q q 0 0 0 rg BT 171.12 283.70 Td (the ) Tj ET Q q 0 0 0 rg BT 185.83 283.70 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 207.21 283.70 Td (Mae ) Tj ET Q q 0 0 0 rg BT 227.48 283.70 Td (Network ) Tj ET Q q 0 0 0 rg BT 264.97 283.70 Td (and ) Tj ET Q q 0 0 0 rg BT 281.91 283.70 Td (collection ) Tj ET Q q 0 0 0 rg BT 323.84 283.70 Td (of ) Tj ET Q q 0 0 0 rg BT 334.67 283.70 Td (the ) Tj ET Q q 0 0 0 rg BT 349.39 283.70 Td (resulting ) Tj ET Q q 0 0 0 rg BT 386.88 283.70 Td (receivable ) Tj ET Q q 0 0 0 rg BT 430.46 283.70 Td (is ) Tj ET Q q 0 0 0 rg BT 439.63 283.70 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 485.45 283.70 Td (assured.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.94 283.70 Td ( ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 256.13505859375005 m 164.876953125 256.13505859375005 l s q 0 0 0 rg BT 73.50 257.70 Td (On-Premise ) Tj ET Q q 0 0 0 rg BT 125.44 257.70 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 236.70 Td (W) Tj ET Q q 0 0 0 rg BT 81.04 236.70 Td (ith ) Tj ET Q q 0 0 0 rg BT 94.18 236.70 Td (the ) Tj ET Q q 0 0 0 rg BT 108.99 236.70 Td (exception ) Tj ET Q q 0 0 0 rg BT 150.45 236.70 Td (of ) Tj ET Q q 0 0 0 rg BT 161.37 236.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 195.61 236.70 Td (from ) Tj ET Q q 0 0 0 rg BT 217.63 236.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 260.77 236.70 Td (that ) Tj ET Q q 0 0 0 rg BT 278.35 236.70 Td (self-host ) Tj ET Q q 0 0 0 rg BT 315.38 236.70 Td (a ) Tj ET Q q 0 0 0 rg BT 322.41 236.70 Td (portion ) Tj ET Q q 0 0 0 rg BT 353.89 236.70 Td (of ) Tj ET Q q 0 0 0 rg BT 364.81 236.70 Td (the ) Tj ET Q q 0 0 0 rg BT 379.61 236.70 Td (software ) Tj ET Q q 0 0 0 rg BT 416.63 236.70 Td (in ) Tj ET Q q 0 0 0 rg BT 427.00 236.70 Td (a ) Tj ET Q q 0 0 0 rg BT 434.03 236.70 Td (Success-Based ) Tj ET Q q 0 0 0 rg BT 496.04 236.70 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 527.52 236.70 Td (structure) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.50 236.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.70 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.83 224.70 Td (which ) Tj ET Q q 0 0 0 rg BT 80.50 224.70 Td (is ) Tj ET Q q 0 0 0 rg BT 90.40 224.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 137.49 224.70 Td (as ) Tj ET Q q 0 0 0 rg BT 149.05 224.70 Td (described ) Tj ET Q q 0 0 0 rg BT 190.59 224.70 Td (above) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.47 224.70 Td (\), ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.53 224.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 258.40 224.70 Td (from ) Tj ET Q q 0 0 0 rg BT 281.07 224.70 Td (the ) Tj ET Q q 0 0 0 rg BT 296.52 224.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 315.29 224.70 Td (of ) Tj ET Q q 0 0 0 rg BT 326.85 224.70 Td (software ) Tj ET Q q 0 0 0 rg BT 364.51 224.70 Td (licenses ) Tj ET Q q 0 0 0 rg BT 399.39 224.70 Td (is ) Tj ET Q q 0 0 0 rg BT 409.29 224.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 456.38 224.70 Td (in ) Tj ET Q q 0 0 0 rg BT 467.39 224.70 Td (the ) Tj ET Q q 0 0 0 rg BT 482.84 224.70 Td (month ) Tj ET Q q 0 0 0 rg BT 511.62 224.70 Td (in ) Tj ET Q q 0 0 0 rg BT 522.63 224.70 Td (which ) Tj ET Q q 0 0 0 rg BT 550.30 224.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 212.70 Td (required ) Tj ET Q q 0 0 0 rg BT 85.12 212.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 119.06 212.70 Td (recognition ) Tj ET Q q 0 0 0 rg BT 166.90 212.70 Td (criteria ) Tj ET Q q 0 0 0 rg BT 197.51 212.70 Td (are ) Tj ET Q q 0 0 0 rg BT 212.02 212.70 Td (met, ) Tj ET Q q 0 0 0 rg BT 231.81 212.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 271.32 212.70 Td (in ) Tj ET Q q 0 0 0 rg BT 281.39 212.70 Td (the ) Tj ET Q q 0 0 0 rg BT 295.91 212.70 Td (month ) Tj ET Q q 0 0 0 rg BT 323.77 212.70 Td (in ) Tj ET Q q 0 0 0 rg BT 333.85 212.70 Td (which ) Tj ET Q q 0 0 0 rg BT 360.58 212.70 Td (the ) Tj ET Q q 0 0 0 rg BT 375.10 212.70 Td (software ) Tj ET Q q 0 0 0 rg BT 411.83 212.70 Td (is ) Tj ET Q q 0 0 0 rg BT 420.80 212.70 Td (delivered.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.50 212.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.80 212.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 500.09 212.70 Td (from ) Tj ET Q q 0 0 0 rg BT 521.82 212.70 Td (the ) Tj ET Q q 0 0 0 rg BT 536.34 212.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 554.19 212.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 200.70 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 102.53 200.70 Td (services ) Tj ET Q q 0 0 0 rg BT 137.23 200.70 Td (and ) Tj ET Q q 0 0 0 rg BT 154.17 200.70 Td (professional ) Tj ET Q q 0 0 0 rg BT 205.55 200.70 Td (services ) Tj ET Q q 0 0 0 rg BT 240.26 200.70 Td (is ) Tj ET Q q 0 0 0 rg BT 249.43 200.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 295.79 200.70 Td (over ) Tj ET Q q 0 0 0 rg BT 316.06 200.70 Td (the ) Tj ET Q q 0 0 0 rg BT 330.77 200.70 Td (period ) Tj ET Q q 0 0 0 rg BT 358.82 200.70 Td (in ) Tj ET Q q 0 0 0 rg BT 369.10 200.70 Td (which ) Tj ET Q q 0 0 0 rg BT 396.04 200.70 Td (the ) Tj ET Q q 0 0 0 rg BT 410.75 200.70 Td (services ) Tj ET Q q 0 0 0 rg BT 445.46 200.70 Td (are ) Tj ET Q q 0 0 0 rg BT 460.17 200.70 Td (provided.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.22 200.70 Td ( ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 73.5 173.13505859375005 m 206.478515625 173.13505859375005 l s q 0 0 0 rg BT 73.50 174.70 Td (Multiple ) Tj ET Q q 0 0 0 rg BT 111.00 174.70 Td (Element ) Tj ET Q q 0 0 0 rg BT 147.58 174.70 Td (Arrangements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 153.70 Td (The ) Tj ET Q q 0 0 0 rg BT 92.08 153.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.50 153.70 Td (has ) Tj ET Q q 0 0 0 rg BT 153.36 153.70 Td (entered ) Tj ET Q q 0 0 0 rg BT 187.32 153.70 Td (into ) Tj ET Q q 0 0 0 rg BT 207.41 153.70 Td (both ) Tj ET Q q 0 0 0 rg BT 229.72 153.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 283.13 153.70 Td (services ) Tj ET Q q 0 0 0 rg BT 319.87 153.70 Td (and ) Tj ET Q q 0 0 0 rg BT 338.84 153.70 Td (software ) Tj ET Q q 0 0 0 rg BT 377.81 153.70 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 436.20 153.70 Td (with ) Tj ET Q q 0 0 0 rg BT 458.51 153.70 Td (multiple ) Tj ET Q q 0 0 0 rg BT 496.37 153.70 Td (elements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.42 153.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.62 153.70 Td (When ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 141.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 100.95 141.70 Td (services ) Tj ET Q q 0 0 0 rg BT 135.72 141.70 Td (involve ) Tj ET Q q 0 0 0 rg BT 168.28 141.70 Td (multiple ) Tj ET Q q 0 0 0 rg BT 204.17 141.70 Td (elements ) Tj ET Q q 0 0 0 rg BT 242.27 141.70 Td (that ) Tj ET Q q 0 0 0 rg BT 259.83 141.70 Td (qualify ) Tj ET Q q 0 0 0 rg BT 290.72 141.70 Td (as ) Tj ET Q q 0 0 0 rg BT 301.61 141.70 Td (separate ) Tj ET Q q 0 0 0 rg BT 336.93 141.70 Td (units ) Tj ET Q q 0 0 0 rg BT 358.94 141.70 Td (of ) Tj ET Q q 0 0 0 rg BT 369.83 141.70 Td (accounting,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.20 141.70 Td ( ) Tj ET Q q 0 0 0 rg BT 418.77 141.70 Td (the ) Tj ET Q q 0 0 0 rg BT 433.54 141.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 474.99 141.70 Td (allocates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.54 141.70 Td (arrangement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 129.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 105.82 129.70 Td (at ) Tj ET Q q 0 0 0 rg BT 115.49 129.70 Td (the ) Tj ET Q q 0 0 0 rg BT 130.15 129.70 Td (inception ) Tj ET Q q 0 0 0 rg BT 169.81 129.70 Td (of ) Tj ET Q q 0 0 0 rg BT 180.59 129.70 Td (an ) Tj ET Q q 0 0 0 rg BT 192.48 129.70 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 244.90 129.70 Td (to ) Tj ET Q q 0 0 0 rg BT 255.13 129.70 Td (all ) Tj ET Q q 0 0 0 rg BT 267.57 129.70 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 318.33 129.70 Td (based ) Tj ET Q q 0 0 0 rg BT 343.55 129.70 Td (on ) Tj ET Q q 0 0 0 rg BT 355.99 129.70 Td (the ) Tj ET Q q 0 0 0 rg BT 370.66 129.70 Td (relative ) Tj ET Q q 0 0 0 rg BT 403.09 129.70 Td (selling ) Tj ET Q q 0 0 0 rg BT 432.20 129.70 Td (price ) Tj ET Q q 0 0 0 rg BT 454.64 129.70 Td (method ) Tj ET Q q 0 0 0 rg BT 487.08 129.70 Td (in ) Tj ET Q q 0 0 0 rg BT 497.31 129.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 544.72 129.70 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 117.70 Td (the ) Tj ET Q q 0 0 0 rg BT 65.36 117.70 Td (selling ) Tj ET Q q 0 0 0 rg BT 95.67 117.70 Td (price ) Tj ET Q q 0 0 0 rg BT 119.30 117.70 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 156.41 117.70 Td (, ) Tj ET Q q 0 0 0 rg BT 162.55 117.70 Td (which ) Tj ET Q q 0 0 0 rg BT 190.64 117.70 Td (includes: ) Tj ET Q q 0 0 0 rg BT 230.38 117.70 Td (\(i\)vendor ) Tj ET Q q 0 0 0 rg BT 273.74 117.70 Td (specific ) Tj ET Q q 0 0 0 rg BT 308.47 117.70 Td (objective ) Tj ET Q q 0 0 0 rg BT 348.77 117.70 Td (evidence) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.30 117.70 Td ( ) Tj ET Q q 0 0 0 rg BT 387.95 117.70 Td (\(VSOE\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.24 117.70 Td (if ) Tj ET Q q 0 0 0 rg BT 443.00 117.70 Td (it ) Tj ET Q q 0 0 0 rg BT 452.20 117.70 Td (is ) Tj ET Q q 0 0 0 rg BT 462.51 117.70 Td (available; ) Tj ET Q q 0 0 0 rg BT 505.02 117.70 Td (\(ii\)third-party ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 105.70 Td (evidence) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.03 105.70 Td ( ) Tj ET Q q 0 0 0 rg BT 88.46 105.70 Td (\(TPE\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.21 105.70 Td (if ) Tj ET Q q 0 0 0 rg BT 134.50 105.70 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 164.04 105.70 Td (is ) Tj ET Q q 0 0 0 rg BT 174.14 105.70 Td (not ) Tj ET Q q 0 0 0 rg BT 190.35 105.70 Td (available; ) Tj ET Q q 0 0 0 rg BT 232.65 105.70 Td (and ) Tj ET Q q 0 0 0 rg BT 250.52 105.70 Td (\(iii\)the ) Tj ET Q q 0 0 0 rg BT 283.66 105.70 Td (best ) Tj ET Q q 0 0 0 rg BT 303.20 105.70 Td (estimate ) Tj ET Q q 0 0 0 rg BT 339.95 105.70 Td (of ) Tj ET Q q 0 0 0 rg BT 351.71 105.70 Td (selling ) Tj ET Q q 0 0 0 rg BT 381.80 105.70 Td (price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.79 105.70 Td ( ) Tj ET Q q 0 0 0 rg BT 405.22 105.70 Td (\(BESP\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.09 105.70 Td (if ) Tj ET Q q 0 0 0 rg BT 457.63 105.70 Td (neither ) Tj ET Q q 0 0 0 rg BT 488.57 105.70 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 518.12 105.70 Td (nor ) Tj ET Q q 0 0 0 rg BT 534.63 105.70 Td (TPE ) Tj ET Q q 0 0 0 rg BT 555.84 105.70 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 93.70 Td (available.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 72.70 Td (VSOE.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.61 72.70 Td ( ) Tj ET Q q 0 0 0 rg BT 102.77 72.70 Td (The ) Tj ET Q q 0 0 0 rg BT 120.65 72.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.86 72.70 Td (determines ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.89 72.70 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 236.34 72.70 Td (based ) Tj ET Q q 0 0 0 rg BT 261.43 72.70 Td (on) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.43 72.70 Td ( ) Tj ET Q q 0 0 0 rg BT 273.76 72.70 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.54 72.70 Td (historical ) Tj ET Q q 0 0 0 rg BT 325.08 72.70 Td (pricing ) Tj ET Q q 0 0 0 rg BT 355.73 72.70 Td (and ) Tj ET Q q 0 0 0 rg BT 372.50 72.70 Td (discounting ) Tj ET Q q 0 0 0 rg BT 421.49 72.70 Td (practices ) Tj ET Q q 0 0 0 rg BT 459.35 72.70 Td (for ) Tj ET Q q 0 0 0 rg BT 473.34 72.70 Td (the ) Tj ET Q q 0 0 0 rg BT 487.88 72.70 Td (specific ) Tj ET Q q 0 0 0 rg BT 521.31 72.70 Td (product ) Tj ET Q q 0 0 0 rg BT 554.18 72.70 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 60.70 Td (service ) Tj ET Q q 0 0 0 rg BT 79.72 60.70 Td (when ) Tj ET Q q 0 0 0 rg BT 103.28 60.70 Td (sold ) Tj ET Q q 0 0 0 rg BT 121.86 60.70 Td (separately) Tj ET Q q 0 0 0 rg BT 161.74 60.70 Td (. ) Tj ET Q q 0 0 0 rg BT 166.14 60.70 Td (In ) Tj ET Q q 0 0 0 rg BT 176.38 60.70 Td (determining ) Tj ET Q q 0 0 0 rg BT 226.46 60.70 Td (VSOE,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.07 60.70 Td ( ) Tj ET Q q 0 0 0 rg BT 256.98 60.70 Td (the ) Tj ET Q q 0 0 0 rg BT 271.10 60.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 311.89 60.70 Td (requires ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.00 60.70 Td (that ) Tj ET Q q 0 0 0 rg BT 362.90 60.70 Td (a ) Tj ET Q q 0 0 0 rg BT 369.24 60.70 Td (substantial ) Tj ET Q q 0 0 0 rg BT 413.92 60.70 Td (majority ) Tj ET Q q 0 0 0 rg BT 449.70 60.70 Td (of ) Tj ET Q q 0 0 0 rg BT 459.93 60.70 Td (the ) Tj ET Q q 0 0 0 rg BT 474.05 60.70 Td (selling ) Tj ET Q q 0 0 0 rg BT 502.62 60.70 Td (prices ) Tj ET Q q 0 0 0 rg BT 528.40 60.70 Td (for ) Tj ET Q q 0 0 0 rg BT 541.97 60.70 Td (these ) Tj ET Q endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (56) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (services ) Tj ET Q q 0 0 0 rg BT 84.04 740.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 99.69 740.10 Td (within ) Tj ET Q q 0 0 0 rg BT 127.58 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.34 740.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 179.99 740.10 Td (narrow ) Tj ET Q q 0 0 0 rg BT 210.64 740.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 241.29 740.10 Td (range.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.00 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.16 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 286.04 740.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 327.25 740.10 Td (has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.91 740.10 Td (not ) Tj ET Q q 0 0 0 rg BT 358.02 740.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 405.34 740.10 Td (priced) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.32 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.65 740.10 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.43 740.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 495.65 740.10 Td (services ) Tj ET Q q 0 0 0 rg BT 530.18 740.10 Td (within ) Tj ET Q q 0 0 0 rg BT 558.07 740.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (narrow ) Tj ET Q q 0 0 0 rg BT 80.32 728.10 Td (range.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.03 728.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.98 728.10 Td (As ) Tj ET Q q 0 0 0 rg BT 120.59 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.53 728.10 Td (result,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.24 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.74 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.46 728.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 210.85 728.10 Td (has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.68 728.10 Td (not ) Tj ET Q q 0 0 0 rg BT 241.96 728.10 Td (been ) Tj ET Q q 0 0 0 rg BT 263.33 728.10 Td (able ) Tj ET Q q 0 0 0 rg BT 282.49 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.77 728.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 330.26 728.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 359.43 728.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 385.80 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 399.96 728.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 451.35 728.10 Td (services ) Tj ET Q q 0 0 0 rg BT 486.06 728.10 Td (based ) Tj ET Q q 0 0 0 rg BT 511.33 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 523.65 728.10 Td (VSOE.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.26 728.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 707.10 Td (TPE. ) Tj ET Q q 0 0 0 rg BT 94.37 707.10 Td (When ) Tj ET Q q 0 0 0 rg BT 120.33 707.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 148.69 707.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 177.60 707.10 Td (be ) Tj ET Q q 0 0 0 rg BT 189.29 707.10 Td (established ) Tj ET Q q 0 0 0 rg BT 235.97 707.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.88 707.10 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 300.44 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 310.47 707.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 346.05 707.10 Td (element ) Tj ET Q q 0 0 0 rg BT 379.95 707.10 Td (arrangements,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.31 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 438.56 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.03 707.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 494.17 707.10 Td (applies ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.74 707.10 Td (judgment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 695.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.13 695.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 101.30 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.94 695.10 Td (whether) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.15 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.00 695.10 Td (it ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.41 695.10 Td (can ) Tj ET Q q 0 0 0 rg BT 172.15 695.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 210.00 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 217.29 695.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 246.81 695.10 Td (price ) Tj ET Q q 0 0 0 rg BT 269.65 695.10 Td (based ) Tj ET Q q 0 0 0 rg BT 295.28 695.10 Td (on ) Tj ET Q q 0 0 0 rg BT 307.92 695.10 Td (TPE. ) Tj ET Q q 0 0 0 rg BT 330.85 695.10 Td (TPE ) Tj ET Q q 0 0 0 rg BT 351.49 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 361.01 695.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 408.85 695.10 Td (based ) Tj ET Q q 0 0 0 rg BT 434.47 695.10 Td (on ) Tj ET Q q 0 0 0 rg BT 447.33 695.10 Td (competitor ) Tj ET Q q 0 0 0 rg BT 493.50 695.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 520.23 695.10 Td (for ) Tj ET Q q 0 0 0 rg BT 534.75 695.10 Td (similar ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 683.10 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 100.28 683.10 Td (when ) Tj ET Q q 0 0 0 rg BT 124.42 683.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 143.56 683.10 Td (separately) Tj ET Q q 0 0 0 rg BT 183.44 683.10 Td (. ) Tj ET Q q 0 0 0 rg BT 188.42 683.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 227.19 683.10 Td (,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.69 683.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.16 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.85 683.10 Td (Company) Tj ET Q q 0 0 0 rg BT 288.52 683.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.88 683.10 Td (go-to-market ) Tj ET Q q 0 0 0 rg BT 349.56 683.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 383.69 683.10 Td (dif) Tj ET Q q 0 0 0 rg BT 394.61 683.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 412.08 683.10 Td (from ) Tj ET Q q 0 0 0 rg BT 433.99 683.10 Td (that ) Tj ET Q q 0 0 0 rg BT 451.46 683.10 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.79 683.10 Td ( ) Tj ET Q q 0 0 0 rg BT 462.26 683.10 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.18 683.10 Td (peers ) Tj ET Q q 0 0 0 rg BT 497.75 683.10 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.19 683.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.67 683.10 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.59 683.10 Td (of) Tj ET Q q 0 0 0 rg BT 534.74 683.10 Td (ferings ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 671.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 82.37 671.10 Td (a ) Tj ET Q q 0 0 0 rg BT 90.24 671.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 135.88 671.10 Td (level ) Tj ET Q q 0 0 0 rg BT 158.75 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.51 671.10 Td (dif) Tj ET Q q 0 0 0 rg BT 181.44 671.10 Td (ferentiation ) Tj ET Q q 0 0 0 rg BT 230.96 671.10 Td (such ) Tj ET Q q 0 0 0 rg BT 252.72 671.10 Td (that ) Tj ET Q q 0 0 0 rg BT 271.15 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.80 671.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 336.87 671.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 368.63 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.39 671.10 Td (services ) Tj ET Q q 0 0 0 rg BT 416.03 671.10 Td (with ) Tj ET Q q 0 0 0 rg BT 437.24 671.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 468.45 671.10 Td (functionality ) Tj ET Q q 0 0 0 rg BT 522.98 671.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 553.07 671.10 Td (be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 659.10 Td (obtained. ) Tj ET Q q 0 0 0 rg BT 89.87 659.10 Td (Furthermore,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.35 659.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.78 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.43 659.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 203.75 659.10 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.85 659.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 243.94 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.15 659.10 Td (reliably ) Tj ET Q q 0 0 0 rg BT 289.12 659.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 332.53 659.10 Td (what ) Tj ET Q q 0 0 0 rg BT 355.40 659.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 386.61 659.10 Td (competitor ) Tj ET Q q 0 0 0 rg BT 433.36 659.10 Td (services) Tj ET Q q 0 0 0 rg BT 468.16 659.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.59 659.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 501.68 659.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 528.99 659.10 Td (are ) Tj ET Q q 0 0 0 rg BT 544.63 659.10 Td (on ) Tj ET Q q 0 0 0 rg BT 558.06 659.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 647.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 94.76 647.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 119.21 647.10 Td (As ) Tj ET Q q 0 0 0 rg BT 132.83 647.10 Td (a ) Tj ET Q q 0 0 0 rg BT 139.76 647.10 Td (result,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.48 647.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.98 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.70 647.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 223.08 647.10 Td (has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.91 647.10 Td (not ) Tj ET Q q 0 0 0 rg BT 254.19 647.10 Td (been ) Tj ET Q q 0 0 0 rg BT 275.57 647.10 Td (able ) Tj ET Q q 0 0 0 rg BT 294.72 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.00 647.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 342.50 647.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 371.66 647.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 398.04 647.10 Td (based ) Tj ET Q q 0 0 0 rg BT 423.31 647.10 Td (on ) Tj ET Q q 0 0 0 rg BT 435.63 647.10 Td (TPE.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.91 647.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 626.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 94.79 626.10 Td (. ) Tj ET Q q 0 0 0 rg BT 99.00 626.10 Td (When) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.87 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.71 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.76 626.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 179.48 626.10 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.99 626.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 216.48 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.09 626.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 262.92 626.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.19 626.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 297.69 626.10 Td (price ) Tj ET Q q 0 0 0 rg BT 319.51 626.10 Td (using ) Tj ET Q q 0 0 0 rg BT 342.88 626.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 370.83 626.10 Td (or ) Tj ET Q q 0 0 0 rg BT 380.87 626.10 Td (TPE,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.14 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.98 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.03 626.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 457.75 626.10 Td (uses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.81 626.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 500.34 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.17 626.10 Td (in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.95 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.79 626.10 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.07 626.10 Td (allocation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.24 614.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 112.63 614.10 Td (consideration. ) Tj ET Q q 0 0 0 rg BT 171.23 614.10 Td (The ) Tj ET Q q 0 0 0 rg BT 189.19 614.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 228.26 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.00 614.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 262.53 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.94 614.10 Td (is ) Tj ET Q q 0 0 0 rg BT 274.02 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.21 614.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 326.61 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.23 614.10 Td (price ) Tj ET Q q 0 0 0 rg BT 363.63 614.10 Td (at ) Tj ET Q q 0 0 0 rg BT 373.26 614.10 Td (which) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.70 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.11 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.74 614.10 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.04 614.10 Td (would ) Tj ET Q q 0 0 0 rg BT 483.45 614.10 Td (transact ) Tj ET Q q 0 0 0 rg BT 516.96 614.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.81 614.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 541.77 614.10 Td (if ) Tj ET Q q 0 0 0 rg BT 550.29 614.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (service ) Tj ET Q q 0 0 0 rg BT 79.63 602.10 Td (was ) Tj ET Q q 0 0 0 rg BT 97.00 602.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 115.49 602.10 Td (on ) Tj ET Q q 0 0 0 rg BT 127.31 602.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.56 602.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 178.15 602.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 202.33 602.10 Td (When ) Tj ET Q q 0 0 0 rg BT 228.03 602.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 277.62 602.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 300.41 602.10 Td (,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.91 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.73 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.76 602.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 359.47 602.10 Td (reviews ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.39 602.10 Td (company ) Tj ET Q q 0 0 0 rg BT 430.86 602.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 463.77 602.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 492.79 602.10 Td (used ) Tj ET Q q 0 0 0 rg BT 512.94 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.54 602.10 Td (determine ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (list ) Tj ET Q q 0 0 0 rg BT 63.93 590.10 Td (price ) Tj ET Q q 0 0 0 rg BT 86.12 590.10 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.56 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.76 590.10 Td (makes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.52 590.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 180.49 590.10 Td (as ) Tj ET Q q 0 0 0 rg BT 191.03 590.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 238.77 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.75 590.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 276.48 590.10 Td (current ) Tj ET Q q 0 0 0 rg BT 307.00 590.10 Td (market ) Tj ET Q q 0 0 0 rg BT 336.97 590.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 380.84 590.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.49 590.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 428.02 590.10 Td (behavior) Tj ET Q q 0 0 0 rg BT 462.45 590.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.95 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.99 590.10 Td (The ) Tj ET Q q 0 0 0 rg BT 484.75 590.10 Td (Company) Tj ET Q q 0 0 0 rg BT 526.41 590.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.51 590.10 Td (process ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.60 578.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 113.82 578.10 Td (list ) Tj ET Q q 0 0 0 rg BT 128.49 578.10 Td (price ) Tj ET Q q 0 0 0 rg BT 150.92 578.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 186.69 578.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 226.35 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.01 578.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 259.56 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.78 578.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 302.77 578.10 Td (a ) Tj ET Q q 0 0 0 rg BT 309.65 578.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 350.41 578.10 Td (product ) Tj ET Q q 0 0 0 rg BT 383.40 578.10 Td (or ) Tj ET Q q 0 0 0 rg BT 394.17 578.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 427.43 578.10 Td (surveying ) Tj ET Q q 0 0 0 rg BT 469.31 578.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 512.30 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.52 578.10 Td (determine ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (market ) Tj ET Q q 0 0 0 rg BT 79.57 566.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 134.35 566.10 Td (analyzing ) Tj ET Q q 0 0 0 rg BT 175.52 566.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 214.48 566.10 Td (demographics ) Tj ET Q q 0 0 0 rg BT 272.88 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.62 566.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 316.91 566.10 Td (into ) Tj ET Q q 0 0 0 rg BT 334.77 566.10 Td (account ) Tj ET Q q 0 0 0 rg BT 368.17 566.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 398.25 566.10 Td (products ) Tj ET Q q 0 0 0 rg BT 434.99 566.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.73 566.10 Td (services ) Tj ET Q q 0 0 0 rg BT 486.24 566.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 533.53 566.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 552.50 566.10 Td (by) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.50 566.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 554.10 Td (Company) Tj ET Q q 0 0 0 rg BT 102.45 554.10 Td (. ) Tj ET Q q 0 0 0 rg BT 107.27 554.10 Td (The ) Tj ET Q q 0 0 0 rg BT 125.32 554.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 166.71 554.10 Td (continues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.53 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.81 554.10 Td (review ) Tj ET Q q 0 0 0 rg BT 247.52 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.23 554.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 291.94 554.10 Td (used ) Tj ET Q q 0 0 0 rg BT 312.77 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.05 554.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 360.54 554.10 Td (list ) Tj ET Q q 0 0 0 rg BT 375.27 554.10 Td (price ) Tj ET Q q 0 0 0 rg BT 397.76 554.10 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.20 554.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.70 554.10 Td (adjusts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.97 554.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 468.50 554.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.00 554.10 Td (as ) Tj ET Q q 0 0 0 rg BT 481.83 554.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 520.05 554.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 533.10 Td (Because) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.32 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.87 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.64 533.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 164.08 533.10 Td (has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.96 533.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 227.50 533.10 Td (that ) Tj ET Q q 0 0 0 rg BT 245.05 533.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 275.18 533.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 303.85 533.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 319.55 533.10 Td (TPE ) Tj ET Q q 0 0 0 rg BT 339.88 533.10 Td (is ) Tj ET Q q 0 0 0 rg BT 349.10 533.10 Td (available,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.69 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 390.24 533.10 Td (it ) Tj ET Q q 0 0 0 rg BT 398.35 533.10 Td (uses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.13 533.10 Td (BESP) Tj ET Q q 0 0 0 rg BT 441.66 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.21 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.55 533.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 488.19 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.96 533.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 532.18 533.10 Td (price ) Tj ET Q q 0 0 0 rg BT 554.72 533.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 84.21 521.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 121.14 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.30 521.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 180.57 521.10 Td (services ) Tj ET Q q 0 0 0 rg BT 214.17 521.10 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 271.81 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 288.74 521.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 320.12 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.84 521.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 362.87 521.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 400.34 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.50 521.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 448.09 521.10 Td (items ) Tj ET Q q 0 0 0 rg BT 471.14 521.10 Td (is ) Tj ET Q q 0 0 0 rg BT 479.19 521.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 508.91 521.10 Td (by ) Tj ET Q q 0 0 0 rg BT 520.29 521.10 Td (contingent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 86.15 509.10 Td (if ) Tj ET Q q 0 0 0 rg BT 94.75 509.10 Td (any) Tj ET Q q 0 0 0 rg BT 108.54 509.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 488.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.85 488.10 Td (order ) Tj ET Q q 0 0 0 rg BT 107.96 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.75 488.10 Td (treat ) Tj ET Q q 0 0 0 rg BT 139.53 488.10 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 190.86 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.65 488.10 Td (a ) Tj ET Q q 0 0 0 rg BT 209.10 488.10 Td (multiple-deliverable ) Tj ET Q q 0 0 0 rg BT 293.20 488.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 346.18 488.10 Td (as ) Tj ET Q q 0 0 0 rg BT 357.53 488.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 393.30 488.10 Td (units ) Tj ET Q q 0 0 0 rg BT 415.76 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.11 488.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 476.49 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.73 488.10 Td (deliverables ) Tj ET Q q 0 0 0 rg BT 543.05 488.10 Td (must ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (have ) Tj ET Q q 0 0 0 rg BT 72.02 476.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 118.44 476.10 Td (value ) Tj ET Q q 0 0 0 rg BT 143.74 476.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 167.39 476.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 199.50 476.10 Td (. ) Tj ET Q q 0 0 0 rg BT 205.65 476.10 Td (Subscription ) Tj ET Q q 0 0 0 rg BT 259.85 476.10 Td (services ) Tj ET Q q 0 0 0 rg BT 295.71 476.10 Td (have ) Tj ET Q q 0 0 0 rg BT 318.23 476.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 364.64 476.10 Td (value ) Tj ET Q q 0 0 0 rg BT 389.94 476.10 Td (as ) Tj ET Q q 0 0 0 rg BT 401.92 476.10 Td (such ) Tj ET Q q 0 0 0 rg BT 423.90 476.10 Td (services ) Tj ET Q q 0 0 0 rg BT 459.75 476.10 Td (are ) Tj ET Q q 0 0 0 rg BT 475.61 476.10 Td (often ) Tj ET Q q 0 0 0 rg BT 499.80 476.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 520.12 476.10 Td (separately) Tj ET Q q 0 0 0 rg BT 560.00 476.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.40 464.10 Td (,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.90 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.28 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.87 464.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 160.13 464.10 Td (has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.83 464.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 219.29 464.10 Td (that ) Tj ET Q q 0 0 0 rg BT 236.66 464.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 287.91 464.10 Td (services ) Tj ET Q q 0 0 0 rg BT 322.49 464.10 Td (have ) Tj ET Q q 0 0 0 rg BT 343.74 464.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 388.88 464.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 415.41 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.78 464.10 Td (In ) Tj ET Q q 0 0 0 rg BT 428.48 464.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 478.63 464.10 Td (standalone ) Tj ET Q q 0 0 0 rg BT 523.77 464.10 Td (value,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.92 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.30 464.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.96 452.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 134.84 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.63 452.10 Td (following ) Tj ET Q q 0 0 0 rg BT 189.09 452.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 217.87 452.10 Td (for ) Tj ET Q q 0 0 0 rg BT 231.10 452.10 Td (each ) Tj ET Q q 0 0 0 rg BT 250.99 452.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 301.44 452.10 Td (services ) Tj ET Q q 0 0 0 rg BT 335.21 452.10 Td (agreement: ) Tj ET Q q 0 0 0 rg BT 381.20 452.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 427.76 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.66 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.45 452.10 Td (services ) Tj ET Q q 0 0 0 rg BT 485.23 452.10 Td (from ) Tj ET Q q 0 0 0 rg BT 506.24 452.10 Td (other ) Tj ET Q q 0 0 0 rg BT 528.36 452.10 Td (vendors, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.08 440.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 91.43 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.13 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.71 440.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 167.95 440.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 205.03 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.83 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.41 440.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 264.89 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.59 440.10 Td (when ) Tj ET Q q 0 0 0 rg BT 299.61 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.20 440.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 365.44 440.10 Td (services ) Tj ET Q q 0 0 0 rg BT 400.01 440.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 434.58 440.10 Td (was ) Tj ET Q q 0 0 0 rg BT 452.50 440.10 Td (signed ) Tj ET Q q 0 0 0 rg BT 480.97 440.10 Td (in ) Tj ET Q q 0 0 0 rg BT 491.12 440.10 Td (comparison ) Tj ET Q q 0 0 0 rg BT 540.14 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 440.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 100.89 428.10 Td (service ) Tj ET Q q 0 0 0 rg BT 131.70 428.10 Td (start ) Tj ET Q q 0 0 0 rg BT 151.42 428.10 Td (date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 407.10 Td (For ) Tj ET Q q 0 0 0 rg BT 90.44 407.10 Td (software ) Tj ET Q q 0 0 0 rg BT 128.92 407.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 186.83 407.10 Td (with ) Tj ET Q q 0 0 0 rg BT 208.66 407.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 246.04 407.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 285.63 407.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 309.95 407.10 Td (undelivered ) Tj ET Q q 0 0 0 rg BT 361.20 407.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 415.77 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.26 407.10 Td (support ) Tj ET Q q 0 0 0 rg BT 468.31 407.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 508.46 407.10 Td (bundled ) Tj ET Q q 0 0 0 rg BT 544.72 407.10 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 395.10 Td (licenses\), ) Tj ET Q q 0 0 0 rg BT 89.30 395.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 123.26 395.10 Td (is ) Tj ET Q q 0 0 0 rg BT 132.25 395.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 170.65 395.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.75 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.28 395.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 234.80 395.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 272.66 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.30 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.83 395.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 350.12 395.10 Td (when ) Tj ET Q q 0 0 0 rg BT 373.93 395.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 402.36 395.10 Td (is ) Tj ET Q q 0 0 0 rg BT 411.35 395.10 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 468.36 395.10 Td (using ) Tj ET Q q 0 0 0 rg BT 492.34 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.88 395.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 540.85 395.10 Td (value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (method ) Tj ET Q q 0 0 0 rg BT 81.67 383.10 Td (based ) Tj ET Q q 0 0 0 rg BT 106.62 383.10 Td (on ) Tj ET Q q 0 0 0 rg BT 118.80 383.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 157.63 383.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 195.34 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.85 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.25 383.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 236.30 383.10 Td (value ) Tj ET Q q 0 0 0 rg BT 260.14 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.65 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.04 383.10 Td (undelivered ) Tj ET Q q 0 0 0 rg BT 334.42 383.10 Td (elements, ) Tj ET Q q 0 0 0 rg BT 374.65 383.10 Td (which ) Tj ET Q q 0 0 0 rg BT 401.26 383.10 Td (is ) Tj ET Q q 0 0 0 rg BT 410.11 383.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 443.39 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.34 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.74 383.10 Td (Company) Tj ET Q q 0 0 0 rg BT 505.98 383.10 Td (. ) Tj ET Q q 0 0 0 rg BT 510.50 383.10 Td (When ) Tj ET Q q 0 0 0 rg BT 536.40 383.10 Td (VSOE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.77 371.10 Td (not ) Tj ET Q q 0 0 0 rg BT 74.14 371.10 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 131.43 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.24 371.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 171.60 371.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 224.17 371.10 Td (is ) Tj ET Q q 0 0 0 rg BT 233.43 371.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 279.89 371.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 310.25 371.10 Td (over ) Tj ET Q q 0 0 0 rg BT 330.61 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.43 371.10 Td (term ) Tj ET Q q 0 0 0 rg BT 366.35 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.27 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.08 371.10 Td (contract. ) Tj ET Q q 0 0 0 rg BT 429.38 371.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 466.96 371.10 Td (is ) Tj ET Q q 0 0 0 rg BT 476.23 371.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 522.68 371.10 Td (under ) Tj ET Q q 0 0 0 rg BT 548.05 371.10 Td (this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (model ) Tj ET Q q 0 0 0 rg BT 75.92 359.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 97.34 359.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 125.97 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.73 359.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 154.92 359.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 190.78 359.10 Td (from ) Tj ET Q q 0 0 0 rg BT 211.64 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.28 359.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 263.36 359.10 Td (if ) Tj ET Q q 0 0 0 rg BT 270.90 359.10 Td (collectability ) Tj ET Q q 0 0 0 rg BT 324.52 359.10 Td (is ) Tj ET Q q 0 0 0 rg BT 332.62 359.10 Td (not ) Tj ET Q q 0 0 0 rg BT 346.82 359.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 391.56 359.10 Td (assured ) Tj ET Q q 0 0 0 rg BT 422.98 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.84 359.10 Td (when ) Tj ET Q q 0 0 0 rg BT 461.92 359.10 Td (other ) Tj ET Q q 0 0 0 rg BT 483.90 359.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 516.97 359.10 Td (recognition ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 347.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 79.76 347.10 Td (have ) Tj ET Q q 0 0 0 rg BT 100.59 347.10 Td (been ) Tj ET Q q 0 0 0 rg BT 121.42 347.10 Td (met. ) Tj ET Q q 0 0 0 rg BT 140.72 347.10 Td (The ) Tj ET Q q 0 0 0 rg BT 158.08 347.10 Td (VSOE ) Tj ET Q q 0 0 0 rg BT 186.14 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.42 347.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 212.25 347.10 Td (value ) Tj ET Q q 0 0 0 rg BT 235.86 347.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.47 347.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 301.94 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.33 347.10 Td (support ) Tj ET Q q 0 0 0 rg BT 350.28 347.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 396.68 347.10 Td (related ) Tj ET Q q 0 0 0 rg BT 425.83 347.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.56 347.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 469.17 347.10 Td (is ) Tj ET Q q 0 0 0 rg BT 477.79 347.10 Td (based ) Tj ET Q q 0 0 0 rg BT 502.51 347.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 524.46 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.62 347.10 Td (prices ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 335.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.39 335.10 Td (for ) Tj ET Q q 0 0 0 rg BT 83.72 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.60 335.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 134.03 335.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 168.34 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.34 335.10 Td (these ) Tj ET Q q 0 0 0 rg BT 202.56 335.10 Td (services ) Tj ET Q q 0 0 0 rg BT 237.44 335.10 Td (by ) Tj ET Q q 0 0 0 rg BT 250.11 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.99 335.10 Td (customer) Tj ET Q q 0 0 0 rg BT 301.10 335.10 Td (. ) Tj ET Q q 0 0 0 rg BT 306.27 335.10 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 360.58 335.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 398.78 335.10 Td (are ) Tj ET Q q 0 0 0 rg BT 413.66 335.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 460.19 335.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 490.63 335.10 Td (over ) Tj ET Q q 0 0 0 rg BT 511.07 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.95 335.10 Td (period ) Tj ET Q q 0 0 0 rg BT 554.17 335.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 323.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 117.24 323.10 Td (contract.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.95 323.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 297.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 100.65 297.10 Td (Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 276.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 109.24 276.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 142.59 276.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 184.84 276.10 Td (billings ) Tj ET Q q 0 0 0 rg BT 216.55 276.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.59 276.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 266.62 276.10 Td (received ) Tj ET Q q 0 0 0 rg BT 302.20 276.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.68 276.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 346.15 276.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.18 276.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 389.54 276.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 436.79 276.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.94 276.10 Td (is ) Tj ET Q q 0 0 0 rg BT 461.32 276.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 506.89 276.10 Td (as ) Tj ET Q q 0 0 0 rg BT 516.93 276.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.85 276.10 Td (revenue ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 264.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 96.93 264.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 127.13 264.10 Td (are ) Tj ET Q q 0 0 0 rg BT 141.23 264.10 Td (met. ) Tj ET Q q 0 0 0 rg BT 160.62 264.10 Td (Balances ) Tj ET Q q 0 0 0 rg BT 198.60 264.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 228.27 264.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 267.38 264.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.60 264.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 330.02 264.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.35 264.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 397.11 264.10 Td (services ) Tj ET Q q 0 0 0 rg BT 431.21 264.10 Td (not ) Tj ET Q q 0 0 0 rg BT 445.88 264.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 459.99 264.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 497.43 264.10 Td (as ) Tj ET Q q 0 0 0 rg BT 507.65 264.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.87 264.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.98 264.10 Td (balance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 252.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 71.77 252.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 92.64 252.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 129.89 252.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 163.26 252.10 Td (that ) Tj ET Q q 0 0 0 rg BT 179.97 252.10 Td (will ) Tj ET Q q 0 0 0 rg BT 197.25 252.10 Td (be ) Tj ET Q q 0 0 0 rg BT 208.41 252.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 253.99 252.10 Td (during ) Tj ET Q q 0 0 0 rg BT 281.82 252.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.75 252.10 Td (succeeding ) Tj ET Q q 0 0 0 rg BT 341.90 252.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 353.62 252.10 Td (month ) Tj ET Q q 0 0 0 rg BT 380.90 252.10 Td (period ) Tj ET Q q 0 0 0 rg BT 408.16 252.10 Td (is ) Tj ET Q q 0 0 0 rg BT 416.55 252.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 453.25 252.10 Td (as ) Tj ET Q q 0 0 0 rg BT 463.30 252.10 Td (current ) Tj ET Q q 0 0 0 rg BT 493.33 252.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 528.36 252.10 Td (revenue, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 240.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 240.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.16 240.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 124.20 240.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 155.58 240.10 Td (is ) Tj ET Q q 0 0 0 rg BT 164.75 240.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 202.23 240.10 Td (as ) Tj ET Q q 0 0 0 rg BT 213.06 240.10 Td (other ) Tj ET Q q 0 0 0 rg BT 236.11 240.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 278.04 240.10 Td (liabilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 214.10 Td (Deferred Commission Expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 197.60 Td (Deferred commission expenses are the incremental costs that are directly associated with non-cancelable subscription ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 185.60 Td (contracts with customers and consist of sales commissions paid to our direct sales force. Commissions are calculated based on a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 173.60 Td (percentage of the revenues for the non-cancelable term of subscription contracts, which are typically) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.55 173.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.05 173.60 Td (one) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.49 173.60 Td ( to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.27 173.60 Td (five years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.41 173.60 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 157.10 Td (Prior to 2013, commissions were paid and recognized as sales expense when customer payments for contracted services ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 145.10 Td (were received on a monthly basis because commissions were earned based on receipt of customer payments. In 2013, we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 133.10 Td (amended our commission plans to provide for payment after the customer's contract is signed.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.65 133.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.10 133.10 Td (As a result of the change in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 121.10 Td (commission plans, beginning in 2013, commission expense is deferred and amortized to sales expense over the non-cancelable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 109.10 Td (terms of the related subscription contracts.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.45 109.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.77 109.10 Td (The deferred commission expense amounts are recoverable through the future ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 97.10 Td (revenue streams under the non-cancelable customer contracts. ) Tj ET Q q 0 0 0 rg BT 299.76 97.10 Td (The new plans also include claw back provisions, which require ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 85.10 Td (repayment of a proportionate amount of commissions, should customers cancel their contracts prior to the end of the initial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 73.10 Td (contractual term. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.74 73.10 Td ( ) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (57) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (During ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.33 740.10 Td (year ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.50 740.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.00 740.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.00 740.10 Td (, we deferred ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.96 740.10 Td ($1.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.86 740.10 Td ( of commission expense, of which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.00 740.10 Td ($1.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.89 740.10 Td ( remained ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (on our consolidated balance sheets at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.56 728.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.14 728.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.14 728.10 Td (No) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.37 728.10 Td ( amounts were deferred as of December 31, 2012. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 702.10 Td (W) Tj ET Q q 0 0 0 rg BT 69.65 702.10 Td (arranties ) Tj ET Q q 0 0 0 rg BT 109.38 702.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.44 702.10 Td (Indemnification) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 685.70 Td (The ) Tj ET Q q 0 0 0 rg BT 90.48 685.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.80 685.70 Td (provides ) Tj ET Q q 0 0 0 rg BT 168.67 685.70 Td (a ) Tj ET Q q 0 0 0 rg BT 175.55 685.70 Td (warranty ) Tj ET Q q 0 0 0 rg BT 213.52 685.70 Td (for ) Tj ET Q q 0 0 0 rg BT 227.61 685.70 Td (its ) Tj ET Q q 0 0 0 rg BT 239.49 685.70 Td (software ) Tj ET Q q 0 0 0 rg BT 276.36 685.70 Td (products ) Tj ET Q q 0 0 0 rg BT 313.23 685.70 Td (and ) Tj ET Q q 0 0 0 rg BT 330.10 685.70 Td (services ) Tj ET Q q 0 0 0 rg BT 364.74 685.70 Td (to ) Tj ET Q q 0 0 0 rg BT 374.96 685.70 Td (its ) Tj ET Q q 0 0 0 rg BT 386.84 685.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 429.82 685.70 Td (and ) Tj ET Q q 0 0 0 rg BT 446.69 685.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 484.11 685.70 Td (for ) Tj ET Q q 0 0 0 rg BT 498.21 685.70 Td (its ) Tj ET Q q 0 0 0 rg BT 510.09 685.70 Td (warranties ) Tj ET Q q 0 0 0 rg BT 554.17 685.70 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 673.70 Td (a ) Tj ET Q q 0 0 0 rg BT 57.44 673.70 Td (contingent ) Tj ET Q q 0 0 0 rg BT 103.15 673.70 Td (liability) Tj ET Q q 0 0 0 rg BT 133.61 673.70 Td (. ) Tj ET Q q 0 0 0 rg BT 139.36 673.70 Td (The ) Tj ET Q q 0 0 0 rg BT 158.40 673.70 Td (Company) Tj ET Q q 0 0 0 rg BT 200.07 673.70 Td (s ) Tj ET Q q 0 0 0 rg BT 207.46 673.70 Td (software ) Tj ET Q q 0 0 0 rg BT 245.39 673.70 Td (is ) Tj ET Q q 0 0 0 rg BT 255.56 673.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 296.26 673.70 Td (warranted ) Tj ET Q q 0 0 0 rg BT 339.74 673.70 Td (to ) Tj ET Q q 0 0 0 rg BT 351.01 673.70 Td (perform ) Tj ET Q q 0 0 0 rg BT 386.72 673.70 Td (substantially ) Tj ET Q q 0 0 0 rg BT 440.77 673.70 Td (as ) Tj ET Q q 0 0 0 rg BT 452.60 673.70 Td (described ) Tj ET Q q 0 0 0 rg BT 494.42 673.70 Td (in ) Tj ET Q q 0 0 0 rg BT 505.70 673.70 Td (the ) Tj ET Q q 0 0 0 rg BT 521.41 673.70 Td (associated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 661.70 Td (product ) Tj ET Q q 0 0 0 rg BT 82.83 661.70 Td (documentation. ) Tj ET Q q 0 0 0 rg BT 147.33 661.70 Td (The ) Tj ET Q q 0 0 0 rg BT 165.66 661.70 Td (Company) Tj ET Q q 0 0 0 rg BT 207.33 661.70 Td (s ) Tj ET Q q 0 0 0 rg BT 214.00 661.70 Td (services ) Tj ET Q q 0 0 0 rg BT 248.98 661.70 Td (are ) Tj ET Q q 0 0 0 rg BT 263.97 661.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 303.95 661.70 Td (warranted ) Tj ET Q q 0 0 0 rg BT 346.71 661.70 Td (to ) Tj ET Q q 0 0 0 rg BT 357.27 661.70 Td (be ) Tj ET Q q 0 0 0 rg BT 369.48 661.70 Td (performed ) Tj ET Q q 0 0 0 rg BT 413.91 661.70 Td (consistent ) Tj ET Q q 0 0 0 rg BT 456.68 661.70 Td (with ) Tj ET Q q 0 0 0 rg BT 477.24 661.70 Td (industry ) Tj ET Q q 0 0 0 rg BT 512.80 661.70 Td (standards. ) Tj ET Q q 0 0 0 rg BT 555.85 661.70 Td (If ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 649.70 Td (there ) Tj ET Q q 0 0 0 rg BT 71.91 649.70 Td (is ) Tj ET Q q 0 0 0 rg BT 81.00 649.70 Td (a ) Tj ET Q q 0 0 0 rg BT 87.86 649.70 Td (failure ) Tj ET Q q 0 0 0 rg BT 116.38 649.70 Td (of ) Tj ET Q q 0 0 0 rg BT 127.13 649.70 Td (such ) Tj ET Q q 0 0 0 rg BT 147.88 649.70 Td (warranties, ) Tj ET Q q 0 0 0 rg BT 194.45 649.70 Td (the ) Tj ET Q q 0 0 0 rg BT 209.08 649.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 250.39 649.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 290.02 649.70 Td (is ) Tj ET Q q 0 0 0 rg BT 299.11 649.70 Td (obligated ) Tj ET Q q 0 0 0 rg BT 338.74 649.70 Td (to ) Tj ET Q q 0 0 0 rg BT 348.94 649.70 Td (repair ) Tj ET Q q 0 0 0 rg BT 374.68 649.70 Td (or ) Tj ET Q q 0 0 0 rg BT 385.43 649.70 Td (replace ) Tj ET Q q 0 0 0 rg BT 416.72 649.70 Td (the ) Tj ET Q q 0 0 0 rg BT 431.36 649.70 Td (product ) Tj ET Q q 0 0 0 rg BT 464.32 649.70 Td (or ) Tj ET Q q 0 0 0 rg BT 475.08 649.70 Td (service ) Tj ET Q q 0 0 0 rg BT 505.81 649.70 Td (or ) Tj ET Q q 0 0 0 rg BT 516.57 649.70 Td (correct ) Tj ET Q q 0 0 0 rg BT 546.74 649.70 Td (it ) Tj ET Q q 0 0 0 rg BT 554.72 649.70 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 637.70 Td (conform ) Tj ET Q q 0 0 0 rg BT 85.57 637.70 Td (to ) Tj ET Q q 0 0 0 rg BT 95.53 637.70 Td (the ) Tj ET Q q 0 0 0 rg BT 109.94 637.70 Td (warranty ) Tj ET Q q 0 0 0 rg BT 147.67 637.70 Td (provision. ) Tj ET Q q 0 0 0 rg BT 190.13 637.70 Td (If ) Tj ET Q q 0 0 0 rg BT 198.98 637.70 Td (the ) Tj ET Q q 0 0 0 rg BT 213.39 637.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 254.46 637.70 Td (is ) Tj ET Q q 0 0 0 rg BT 263.32 637.70 Td (unable ) Tj ET Q q 0 0 0 rg BT 292.17 637.70 Td (to ) Tj ET Q q 0 0 0 rg BT 302.13 637.70 Td (do ) Tj ET Q q 0 0 0 rg BT 314.32 637.70 Td (so, ) Tj ET Q q 0 0 0 rg BT 327.90 637.70 Td (the ) Tj ET Q q 0 0 0 rg BT 342.31 637.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 381.15 637.70 Td (is ) Tj ET Q q 0 0 0 rg BT 390.01 637.70 Td (entitled ) Tj ET Q q 0 0 0 rg BT 422.19 637.70 Td (to ) Tj ET Q q 0 0 0 rg BT 432.16 637.70 Td (terminate ) Tj ET Q q 0 0 0 rg BT 472.11 637.70 Td (the ) Tj ET Q q 0 0 0 rg BT 486.51 637.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 530.34 637.70 Td (with ) Tj ET Q q 0 0 0 rg BT 550.31 637.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 625.70 Td (Company) Tj ET Q q 0 0 0 rg BT 87.74 625.70 Td (. ) Tj ET Q q 0 0 0 rg BT 92.37 625.70 Td (W) Tj ET Q q 0 0 0 rg BT 101.41 625.70 Td (ith ) Tj ET Q q 0 0 0 rg BT 114.27 625.70 Td (respect ) Tj ET Q q 0 0 0 rg BT 144.89 625.70 Td (to ) Tj ET Q q 0 0 0 rg BT 154.97 625.70 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 202.82 625.70 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 253.44 625.70 Td (Service, ) Tj ET Q q 0 0 0 rg BT 288.23 625.70 Td (the ) Tj ET Q q 0 0 0 rg BT 302.75 625.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 343.94 625.70 Td (provides ) Tj ET Q q 0 0 0 rg BT 380.68 625.70 Td (a ) Tj ET Q q 0 0 0 rg BT 387.42 625.70 Td (limited ) Tj ET Q q 0 0 0 rg BT 418.05 625.70 Td (warranty) Tj ET Q q 0 0 0 rg BT 452.94 625.70 Td (, ) Tj ET Q q 0 0 0 rg BT 457.74 625.70 Td (which ) Tj ET Q q 0 0 0 rg BT 484.48 625.70 Td (limits ) Tj ET Q q 0 0 0 rg BT 509.57 625.70 Td (its ) Tj ET Q q 0 0 0 rg BT 521.32 625.70 Td (liability ) Tj ET Q q 0 0 0 rg BT 554.73 625.70 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 613.70 Td (the ) Tj ET Q q 0 0 0 rg BT 64.13 613.70 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 126.52 613.70 Td (for ) Tj ET Q q 0 0 0 rg BT 140.59 613.70 Td (losses ) Tj ET Q q 0 0 0 rg BT 166.90 613.70 Td (incurred ) Tj ET Q q 0 0 0 rg BT 202.63 613.70 Td (by ) Tj ET Q q 0 0 0 rg BT 215.04 613.70 Td (a ) Tj ET Q q 0 0 0 rg BT 221.89 613.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 260.96 613.70 Td (due ) Tj ET Q q 0 0 0 rg BT 277.81 613.70 Td (to ) Tj ET Q q 0 0 0 rg BT 288.00 613.70 Td (fines, ) Tj ET Q q 0 0 0 rg BT 312.35 613.70 Td (penalties ) Tj ET Q q 0 0 0 rg BT 350.30 613.70 Td (or ) Tj ET Q q 0 0 0 rg BT 361.04 613.70 Td (judgments ) Tj ET Q q 0 0 0 rg BT 405.12 613.70 Td (imposed ) Tj ET Q q 0 0 0 rg BT 441.42 613.70 Td (or ) Tj ET Q q 0 0 0 rg BT 452.16 613.70 Td (levied ) Tj ET Q q 0 0 0 rg BT 479.01 613.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 501.42 613.70 Td (a ) Tj ET Q q 0 0 0 rg BT 508.27 613.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 547.34 613.70 Td (as ) Tj ET Q q 0 0 0 rg BT 558.08 613.70 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 601.70 Td (result ) Tj ET Q q 0 0 0 rg BT 74.82 601.70 Td (of ) Tj ET Q q 0 0 0 rg BT 86.25 601.70 Td (a ) Tj ET Q q 0 0 0 rg BT 93.79 601.70 Td (violation ) Tj ET Q q 0 0 0 rg BT 132.45 601.70 Td (of ) Tj ET Q q 0 0 0 rg BT 143.88 601.70 Td (a ) Tj ET Q q 0 0 0 rg BT 151.42 601.70 Td (specific ) Tj ET Q q 0 0 0 rg BT 185.62 601.70 Td (law) Tj ET Q q 0 0 0 rg BT 199.41 601.70 Td (, ) Tj ET Q q 0 0 0 rg BT 205.01 601.70 Td (rule ) Tj ET Q q 0 0 0 rg BT 223.66 601.70 Td (or ) Tj ET Q q 0 0 0 rg BT 235.10 601.70 Td (regulation ) Tj ET Q q 0 0 0 rg BT 278.74 601.70 Td (resulting ) Tj ET Q q 0 0 0 rg BT 316.84 601.70 Td (from ) Tj ET Q q 0 0 0 rg BT 339.38 601.70 Td (an ) Tj ET Q q 0 0 0 rg BT 351.92 601.70 Td (error ) Tj ET Q q 0 0 0 rg BT 374.45 601.70 Td (in ) Tj ET Q q 0 0 0 rg BT 385.33 601.70 Td (the ) Tj ET Q q 0 0 0 rg BT 400.65 601.70 Td (provision ) Tj ET Q q 0 0 0 rg BT 441.54 601.70 Td (of ) Tj ET Q q 0 0 0 rg BT 452.97 601.70 Td (the ) Tj ET Q q 0 0 0 rg BT 468.29 601.70 Td (Company) Tj ET Q q 0 0 0 rg BT 509.95 601.70 Td (s ) Tj ET Q q 0 0 0 rg BT 516.95 601.70 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 589.70 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 99.75 589.70 Td (Service.) Tj ET Q q 0 0 0 rg BT 134.55 589.70 Td (The ) Tj ET Q q 0 0 0 rg BT 152.03 589.70 Td (Company) Tj ET Q q 0 0 0 rg BT 193.69 589.70 Td (s ) Tj ET Q q 0 0 0 rg BT 199.51 589.70 Td (maximum ) Tj ET Q q 0 0 0 rg BT 242.00 589.70 Td (exposure ) Tj ET Q q 0 0 0 rg BT 280.02 589.70 Td (is ) Tj ET Q q 0 0 0 rg BT 288.62 589.70 Td (limited ) Tj ET Q q 0 0 0 rg BT 318.88 589.70 Td (under ) Tj ET Q q 0 0 0 rg BT 343.58 589.70 Td (its ) Tj ET Q q 0 0 0 rg BT 354.95 589.70 Td (services ) Tj ET Q q 0 0 0 rg BT 389.09 589.70 Td (agreements ) Tj ET Q q 0 0 0 rg BT 436.55 589.70 Td (to ) Tj ET Q q 0 0 0 rg BT 446.26 589.70 Td (the ) Tj ET Q q 0 0 0 rg BT 460.40 589.70 Td (greater ) Tj ET Q q 0 0 0 rg BT 490.09 589.70 Td (of ) Tj ET Q q 0 0 0 rg BT 500.34 589.70 Td (the ) Tj ET Q q 0 0 0 rg BT 514.49 589.70 Td (total ) Tj ET Q q 0 0 0 rg BT 534.19 589.70 Td (service ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 577.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 68.13 577.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 87.88 577.70 Td (by ) Tj ET Q q 0 0 0 rg BT 100.41 577.70 Td (a ) Tj ET Q q 0 0 0 rg BT 107.38 577.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 146.57 577.70 Td (for ) Tj ET Q q 0 0 0 rg BT 160.76 577.70 Td (such ) Tj ET Q q 0 0 0 rg BT 181.62 577.70 Td (services ) Tj ET Q q 0 0 0 rg BT 216.36 577.70 Td (during ) Tj ET Q q 0 0 0 rg BT 245.00 577.70 Td (the ) Tj ET Q q 0 0 0 rg BT 259.75 577.70 Td (specified ) Tj ET Q q 0 0 0 rg BT 298.37 577.70 Td (period ) Tj ET Q q 0 0 0 rg BT 326.45 577.70 Td (preceding ) Tj ET Q q 0 0 0 rg BT 368.41 577.70 Td (the ) Tj ET Q q 0 0 0 rg BT 383.16 577.70 Td (relevant ) Tj ET Q q 0 0 0 rg BT 417.89 577.70 Td (claim, ) Tj ET Q q 0 0 0 rg BT 445.13 577.70 Td (typically ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.66 577.70 Td (six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.33 577.70 Td ( ) Tj ET Q q 0 0 0 rg BT 496.86 577.70 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.17 577.70 Td (12 ) Tj ET Q q 0 0 0 rg BT 519.70 577.70 Td (months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 577.70 Td (, ) Tj ET Q q 0 0 0 rg BT 554.18 577.70 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 565.70 Td (a ) Tj ET Q q 0 0 0 rg BT 56.06 565.70 Td (specified ) Tj ET Q q 0 0 0 rg BT 94.28 565.70 Td (dollar ) Tj ET Q q 0 0 0 rg BT 119.72 565.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 151.84 565.70 Td (ranging ) Tj ET Q q 0 0 0 rg BT 184.51 565.70 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.07 565.70 Td ($50,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.57 565.70 Td ( ) Tj ET Q q 0 0 0 rg BT 240.69 565.70 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.59 565.70 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 270.21 565.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.10 565.70 Td (.) Tj ET Q q 0 0 0 rg BT 303.92 565.70 Td (The ) Tj ET Q q 0 0 0 rg BT 321.59 565.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 362.60 565.70 Td (has ) Tj ET Q q 0 0 0 rg BT 378.05 565.70 Td (not ) Tj ET Q q 0 0 0 rg BT 392.95 565.70 Td (historically ) Tj ET Q q 0 0 0 rg BT 440.06 565.70 Td (incurred ) Tj ET Q q 0 0 0 rg BT 475.50 565.70 Td (any ) Tj ET Q q 0 0 0 rg BT 492.06 565.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 536.39 565.70 Td (claims ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 553.70 Td (and ) Tj ET Q q 0 0 0 rg BT 66.33 553.70 Td (maintains ) Tj ET Q q 0 0 0 rg BT 107.61 553.70 Td (a ) Tj ET Q q 0 0 0 rg BT 114.45 553.70 Td (total ) Tj ET Q q 0 0 0 rg BT 134.62 553.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.34 553.70 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 170.24 553.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.13 553.70 Td ( ) Tj ET Q q 0 0 0 rg BT 201.53 553.70 Td (in ) Tj ET Q q 0 0 0 rg BT 211.70 553.70 Td (professional ) Tj ET Q q 0 0 0 rg BT 262.98 553.70 Td (liability ) Tj ET Q q 0 0 0 rg BT 296.48 553.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 337.19 553.70 Td (coverage. ) Tj ET Q q 0 0 0 rg BT 378.00 553.70 Td (The ) Tj ET Q q 0 0 0 rg BT 395.94 553.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 437.23 553.70 Td (has ) Tj ET Q q 0 0 0 rg BT 452.95 553.70 Td (not ) Tj ET Q q 0 0 0 rg BT 468.13 553.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 506.07 553.70 Td (for ) Tj ET Q q 0 0 0 rg BT 520.13 553.70 Td (a ) Tj ET Q q 0 0 0 rg BT 526.96 553.70 Td (warranty ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 541.70 Td (accrual ) Tj ET Q q 0 0 0 rg BT 80.86 541.70 Td (as ) Tj ET Q q 0 0 0 rg BT 91.69 541.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.52 541.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 161.11 541.70 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.11 541.70 Td ( ) Tj ET Q q 0 0 0 rg BT 183.61 541.70 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.44 541.70 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.44 541.70 Td (. ) Tj ET Q q 0 0 0 rg BT 219.26 541.70 Td (T) Tj ET Q q 0 0 0 rg BT 224.67 541.70 Td (o ) Tj ET Q q 0 0 0 rg BT 232.17 541.70 Td (date, ) Tj ET Q q 0 0 0 rg BT 253.82 541.70 Td (the ) Tj ET Q q 0 0 0 rg BT 268.54 541.70 Td (Company) Tj ET Q q 0 0 0 rg BT 310.20 541.70 Td (s ) Tj ET Q q 0 0 0 rg BT 316.59 541.70 Td (product ) Tj ET Q q 0 0 0 rg BT 349.64 541.70 Td (warranty ) Tj ET Q q 0 0 0 rg BT 387.68 541.70 Td (expense ) Tj ET Q q 0 0 0 rg BT 422.39 541.70 Td (has ) Tj ET Q q 0 0 0 rg BT 438.22 541.70 Td (not ) Tj ET Q q 0 0 0 rg BT 453.49 541.70 Td (been ) Tj ET Q q 0 0 0 rg BT 474.87 541.70 Td (significant.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 519.80 Td (The ) Tj ET Q q 0 0 0 rg BT 89.72 519.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.28 519.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 169.16 519.80 Td (agrees ) Tj ET Q q 0 0 0 rg BT 196.37 519.80 Td (to ) Tj ET Q q 0 0 0 rg BT 205.83 519.80 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 248.60 519.80 Td (its ) Tj ET Q q 0 0 0 rg BT 259.73 519.80 Td (customers ) Tj ET Q q 0 0 0 rg BT 301.95 519.80 Td (against ) Tj ET Q q 0 0 0 rg BT 331.95 519.80 Td (legal ) Tj ET Q q 0 0 0 rg BT 353.06 519.80 Td (claims ) Tj ET Q q 0 0 0 rg BT 380.83 519.80 Td (that ) Tj ET Q q 0 0 0 rg BT 397.50 519.80 Td (the ) Tj ET Q q 0 0 0 rg BT 411.40 519.80 Td (Company) Tj ET Q q 0 0 0 rg BT 453.06 519.80 Td (s ) Tj ET Q q 0 0 0 rg BT 458.63 519.80 Td (software ) Tj ET Q q 0 0 0 rg BT 494.73 519.80 Td (products ) Tj ET Q q 0 0 0 rg BT 530.84 519.80 Td (infringe ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 507.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 78.67 507.80 Td (third-party ) Tj ET Q q 0 0 0 rg BT 123.41 507.80 Td (intellectual ) Tj ET Q q 0 0 0 rg BT 169.81 507.80 Td (property ) Tj ET Q q 0 0 0 rg BT 205.66 507.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 230.41 507.80 Td (and ) Tj ET Q q 0 0 0 rg BT 246.82 507.80 Td (accounts ) Tj ET Q q 0 0 0 rg BT 283.78 507.80 Td (for ) Tj ET Q q 0 0 0 rg BT 297.41 507.80 Td (its ) Tj ET Q q 0 0 0 rg BT 308.83 507.80 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 374.12 507.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 420.54 507.80 Td (as ) Tj ET Q q 0 0 0 rg BT 430.84 507.80 Td (a ) Tj ET Q q 0 0 0 rg BT 437.25 507.80 Td (contingent ) Tj ET Q q 0 0 0 rg BT 481.43 507.80 Td (liability) Tj ET Q q 0 0 0 rg BT 511.89 507.80 Td (. ) Tj ET Q q 0 0 0 rg BT 516.37 507.80 Td (In ) Tj ET Q q 0 0 0 rg BT 526.67 507.80 Td (the ) Tj ET Q q 0 0 0 rg BT 540.86 507.80 Td (event ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 495.80 Td (of ) Tj ET Q q 0 0 0 rg BT 60.13 495.80 Td (such ) Tj ET Q q 0 0 0 rg BT 80.76 495.80 Td (a ) Tj ET Q q 0 0 0 rg BT 87.50 495.80 Td (claim, ) Tj ET Q q 0 0 0 rg BT 114.51 495.80 Td (the ) Tj ET Q q 0 0 0 rg BT 129.02 495.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 170.21 495.80 Td (is ) Tj ET Q q 0 0 0 rg BT 179.18 495.80 Td (obligated ) Tj ET Q q 0 0 0 rg BT 218.69 495.80 Td (to ) Tj ET Q q 0 0 0 rg BT 228.76 495.80 Td (defend ) Tj ET Q q 0 0 0 rg BT 258.27 495.80 Td (its ) Tj ET Q q 0 0 0 rg BT 270.02 495.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 308.97 495.80 Td (against ) Tj ET Q q 0 0 0 rg BT 339.59 495.80 Td (the ) Tj ET Q q 0 0 0 rg BT 354.11 495.80 Td (claim ) Tj ET Q q 0 0 0 rg BT 378.62 495.80 Td (and ) Tj ET Q q 0 0 0 rg BT 395.36 495.80 Td (to ) Tj ET Q q 0 0 0 rg BT 405.44 495.80 Td (either ) Tj ET Q q 0 0 0 rg BT 430.50 495.80 Td (settle ) Tj ET Q q 0 0 0 rg BT 453.90 495.80 Td (the ) Tj ET Q q 0 0 0 rg BT 468.42 495.80 Td (claim ) Tj ET Q q 0 0 0 rg BT 492.93 495.80 Td (at ) Tj ET Q q 0 0 0 rg BT 502.44 495.80 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 495.80 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 495.80 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 483.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.76 483.80 Td (or ) Tj ET Q q 0 0 0 rg BT 96.13 483.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 113.62 483.80 Td (damages ) Tj ET Q q 0 0 0 rg BT 151.65 483.80 Td (that ) Tj ET Q q 0 0 0 rg BT 169.70 483.80 Td (the ) Tj ET Q q 0 0 0 rg BT 184.96 483.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 224.67 483.80 Td (is ) Tj ET Q q 0 0 0 rg BT 234.38 483.80 Td (legally ) Tj ET Q q 0 0 0 rg BT 264.65 483.80 Td (required ) Tj ET Q q 0 0 0 rg BT 301.01 483.80 Td (to ) Tj ET Q q 0 0 0 rg BT 311.84 483.80 Td (pay ) Tj ET Q q 0 0 0 rg BT 329.32 483.80 Td (to ) Tj ET Q q 0 0 0 rg BT 340.15 483.80 Td (the ) Tj ET Q q 0 0 0 rg BT 355.41 483.80 Td (third-party ) Tj ET Q q 0 0 0 rg BT 401.23 483.80 Td (claimant. ) Tj ET Q q 0 0 0 rg BT 441.20 483.80 Td (In ) Tj ET Q q 0 0 0 rg BT 452.58 483.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 490.90 483.80 Td (in ) Tj ET Q q 0 0 0 rg BT 501.73 483.80 Td (the ) Tj ET Q q 0 0 0 rg BT 517.00 483.80 Td (event ) Tj ET Q q 0 0 0 rg BT 541.70 483.80 Td (of ) Tj ET Q q 0 0 0 rg BT 553.08 483.80 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 471.80 Td (infringement, ) Tj ET Q q 0 0 0 rg BT 106.00 471.80 Td (the ) Tj ET Q q 0 0 0 rg BT 120.57 471.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.80 471.80 Td (agrees ) Tj ET Q q 0 0 0 rg BT 189.69 471.80 Td (to ) Tj ET Q q 0 0 0 rg BT 199.82 471.80 Td (modify ) Tj ET Q q 0 0 0 rg BT 231.06 471.80 Td (or ) Tj ET Q q 0 0 0 rg BT 241.74 471.80 Td (replace ) Tj ET Q q 0 0 0 rg BT 272.95 471.80 Td (the ) Tj ET Q q 0 0 0 rg BT 287.52 471.80 Td (infringing ) Tj ET Q q 0 0 0 rg BT 329.86 471.80 Td (product, ) Tj ET Q q 0 0 0 rg BT 365.26 471.80 Td (or) Tj ET Q q 0 0 0 rg BT 373.19 471.80 Td (, ) Tj ET Q q 0 0 0 rg BT 378.04 471.80 Td (if ) Tj ET Q q 0 0 0 rg BT 386.50 471.80 Td (those ) Tj ET Q q 0 0 0 rg BT 409.96 471.80 Td (options ) Tj ET Q q 0 0 0 rg BT 441.75 471.80 Td (are ) Tj ET Q q 0 0 0 rg BT 456.31 471.80 Td (not ) Tj ET Q q 0 0 0 rg BT 471.44 471.80 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 517.10 471.80 Td (possible, ) Tj ET Q q 0 0 0 rg BT 554.73 471.80 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 459.80 Td (refund ) Tj ET Q q 0 0 0 rg BT 78.81 459.80 Td (the ) Tj ET Q q 0 0 0 rg BT 94.24 459.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 113.56 459.80 Td (of ) Tj ET Q q 0 0 0 rg BT 125.10 459.80 Td (the ) Tj ET Q q 0 0 0 rg BT 140.52 459.80 Td (software, ) Tj ET Q q 0 0 0 rg BT 180.66 459.80 Td (as ) Tj ET Q q 0 0 0 rg BT 192.20 459.80 Td (pro-rated ) Tj ET Q q 0 0 0 rg BT 232.06 459.80 Td (over ) Tj ET Q q 0 0 0 rg BT 253.04 459.80 Td (a ) Tj ET Q q 0 0 0 rg BT 260.69 459.80 Td (period ) Tj ET Q q 0 0 0 rg BT 289.44 459.80 Td (of ) Tj ET Q q 0 0 0 rg BT 300.98 459.80 Td (years. ) Tj ET Q q 0 0 0 rg BT 327.56 459.80 Td (T) Tj ET Q q 0 0 0 rg BT 332.97 459.80 Td (o ) Tj ET Q q 0 0 0 rg BT 341.18 459.80 Td (date, ) Tj ET Q q 0 0 0 rg BT 363.55 459.80 Td (the ) Tj ET Q q 0 0 0 rg BT 378.98 459.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 421.07 459.80 Td (has ) Tj ET Q q 0 0 0 rg BT 437.61 459.80 Td (not ) Tj ET Q q 0 0 0 rg BT 453.60 459.80 Td (been ) Tj ET Q q 0 0 0 rg BT 475.69 459.80 Td (required ) Tj ET Q q 0 0 0 rg BT 512.21 459.80 Td (to ) Tj ET Q q 0 0 0 rg BT 523.20 459.80 Td (make ) Tj ET Q q 0 0 0 rg BT 548.07 459.80 Td (any ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 447.80 Td (payment ) Tj ET Q q 0 0 0 rg BT 88.37 447.80 Td (resulting ) Tj ET Q q 0 0 0 rg BT 127.80 447.80 Td (from ) Tj ET Q q 0 0 0 rg BT 151.67 447.80 Td (infringement ) Tj ET Q q 0 0 0 rg BT 207.75 447.80 Td (claims ) Tj ET Q q 0 0 0 rg BT 238.29 447.80 Td (asserted ) Tj ET Q q 0 0 0 rg BT 274.93 447.80 Td (against ) Tj ET Q q 0 0 0 rg BT 307.69 447.80 Td (its ) Tj ET Q q 0 0 0 rg BT 321.57 447.80 Td (customers. ) Tj ET Q q 0 0 0 rg BT 368.73 447.80 Td (The ) Tj ET Q q 0 0 0 rg BT 388.72 447.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 432.04 447.80 Td (has ) Tj ET Q q 0 0 0 rg BT 449.80 447.80 Td (not ) Tj ET Q q 0 0 0 rg BT 467.01 447.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 506.42 447.80 Td (a ) Tj ET Q q 0 0 0 rg BT 515.30 447.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 550.84 447.80 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 435.80 Td (infringement ) Tj ET Q q 0 0 0 rg BT 103.65 435.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 126.15 435.80 Td (as ) Tj ET Q q 0 0 0 rg BT 136.98 435.80 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.81 435.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 206.39 435.80 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.39 435.80 Td ( ) Tj ET Q q 0 0 0 rg BT 228.89 435.80 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.72 435.80 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.72 435.80 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 413.90 Td (The ) Tj ET Q q 0 0 0 rg BT 90.49 413.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.81 413.90 Td (has ) Tj ET Q q 0 0 0 rg BT 147.58 413.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 194.47 413.90 Td (under ) Tj ET Q q 0 0 0 rg BT 219.68 413.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 249.32 413.90 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 308.40 413.90 Td (to ) Tj ET Q q 0 0 0 rg BT 318.62 413.90 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 362.16 413.90 Td (each ) Tj ET Q q 0 0 0 rg BT 382.92 413.90 Td (member ) Tj ET Q q 0 0 0 rg BT 418.12 413.90 Td (of ) Tj ET Q q 0 0 0 rg BT 428.89 413.90 Td (the ) Tj ET Q q 0 0 0 rg BT 443.55 413.90 Td (Company) Tj ET Q q 0 0 0 rg BT 485.22 413.90 Td (s ) Tj ET Q q 0 0 0 rg BT 491.55 413.90 Td (board ) Tj ET Q q 0 0 0 rg BT 516.76 413.90 Td (of ) Tj ET Q q 0 0 0 rg BT 527.53 413.90 Td (directors ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 401.90 Td (against ) Tj ET Q q 0 0 0 rg BT 81.21 401.90 Td (judgments, ) Tj ET Q q 0 0 0 rg BT 128.77 401.90 Td (fines, ) Tj ET Q q 0 0 0 rg BT 154.09 401.90 Td (settlements ) Tj ET Q q 0 0 0 rg BT 202.47 401.90 Td (and ) Tj ET Q q 0 0 0 rg BT 220.30 401.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 259.78 401.90 Td (related ) Tj ET Q q 0 0 0 rg BT 290.37 401.90 Td (to ) Tj ET Q q 0 0 0 rg BT 301.54 401.90 Td (claims ) Tj ET Q q 0 0 0 rg BT 331.03 401.90 Td (against ) Tj ET Q q 0 0 0 rg BT 362.74 401.90 Td (such ) Tj ET Q q 0 0 0 rg BT 384.46 401.90 Td (directors ) Tj ET Q q 0 0 0 rg BT 422.83 401.90 Td (and ) Tj ET Q q 0 0 0 rg BT 440.66 401.90 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 482.92 401.90 Td (to ) Tj ET Q q 0 0 0 rg BT 494.09 401.90 Td (the ) Tj ET Q q 0 0 0 rg BT 509.69 401.90 Td (fullest ) Tj ET Q q 0 0 0 rg BT 538.08 401.90 Td (extent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 389.90 Td (permitted ) Tj ET Q q 0 0 0 rg BT 90.32 389.90 Td (under ) Tj ET Q q 0 0 0 rg BT 115.59 389.90 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 156.39 389.90 Td (law ) Tj ET Q q 0 0 0 rg BT 173.33 389.90 Td (and ) Tj ET Q q 0 0 0 rg BT 190.27 389.90 Td (the ) Tj ET Q q 0 0 0 rg BT 204.99 389.90 Td (Company) Tj ET Q q 0 0 0 rg BT 246.65 389.90 Td (s ) Tj ET Q q 0 0 0 rg BT 253.04 389.90 Td (bylaws ) Tj ET Q q 0 0 0 rg BT 283.88 389.90 Td (and ) Tj ET Q q 0 0 0 rg BT 300.81 389.90 Td (certificate ) Tj ET Q q 0 0 0 rg BT 343.28 389.90 Td (of ) Tj ET Q q 0 0 0 rg BT 354.11 389.90 Td (incorporation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 363.90 Td (Cost ) Tj ET Q q 0 0 0 rg BT 82.34 363.90 Td (of ) Tj ET Q q 0 0 0 rg BT 93.17 363.90 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 347.50 Td (The ) Tj ET Q q 0 0 0 rg BT 93.59 347.50 Td (Company) Tj ET Q q 0 0 0 rg BT 135.26 347.50 Td (s ) Tj ET Q q 0 0 0 rg BT 144.69 347.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 166.34 347.50 Td (of ) Tj ET Q q 0 0 0 rg BT 180.22 347.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 221.30 347.50 Td (consists ) Tj ET Q q 0 0 0 rg BT 258.51 347.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 301.27 347.50 Td (of ) Tj ET Q q 0 0 0 rg BT 315.14 347.50 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 353.17 347.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 390.37 347.50 Td (and ) Tj ET Q q 0 0 0 rg BT 410.35 347.50 Td (related ) Tj ET Q q 0 0 0 rg BT 443.10 347.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 468.64 347.50 Td (\(including ) Tj ET Q q 0 0 0 rg BT 515.29 347.50 Td (stock-based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 335.50 Td (compensation\), ) Tj ET Q q 0 0 0 rg BT 113.28 335.50 Td (allocated ) Tj ET Q q 0 0 0 rg BT 151.77 335.50 Td (facilities ) Tj ET Q q 0 0 0 rg BT 188.60 335.50 Td (costs, ) Tj ET Q q 0 0 0 rg BT 213.50 335.50 Td (customer ) Tj ET Q q 0 0 0 rg BT 252.56 335.50 Td (support, ) Tj ET Q q 0 0 0 rg BT 287.47 335.50 Td (data ) Tj ET Q q 0 0 0 rg BT 306.53 335.50 Td (centers, ) Tj ET Q q 0 0 0 rg BT 339.75 335.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 378.25 335.50 Td (for ) Tj ET Q q 0 0 0 rg BT 392.31 335.50 Td (document ) Tj ET Q q 0 0 0 rg BT 434.15 335.50 Td (preparation, ) Tj ET Q q 0 0 0 rg BT 484.59 335.50 Td (income ) Tj ET Q q 0 0 0 rg BT 516.42 335.50 Td (verification ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 323.50 Td (and ) Tj ET Q q 0 0 0 rg BT 66.77 323.50 Td (compliance ) Tj ET Q q 0 0 0 rg BT 115.70 323.50 Td (services, ) Tj ET Q q 0 0 0 rg BT 153.24 323.50 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 205.49 323.50 Td (on ) Tj ET Q q 0 0 0 rg BT 218.33 323.50 Td (computer ) Tj ET Q q 0 0 0 rg BT 258.92 323.50 Td (equipment ) Tj ET Q q 0 0 0 rg BT 303.97 323.50 Td (used ) Tj ET Q q 0 0 0 rg BT 325.13 323.50 Td (in ) Tj ET Q q 0 0 0 rg BT 335.75 323.50 Td (supporting ) Tj ET Q q 0 0 0 rg BT 381.36 323.50 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.41 323.50 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 418.13 323.50 Td (Mae ) Tj ET Q q 0 0 0 rg BT 438.73 323.50 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.72 323.50 Td (, ) Tj ET Q q 0 0 0 rg BT 479.06 323.50 Td (the ) Tj ET Q q 0 0 0 rg BT 494.11 323.50 Td (Company) Tj ET Q q 0 0 0 rg BT 535.77 323.50 Td (s ) Tj ET Q q 0 0 0 rg BT 542.50 323.50 Td (SaaS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 311.50 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 96.48 311.50 Td (and ) Tj ET Q q 0 0 0 rg BT 112.36 311.50 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 159.35 311.50 Td (CenterW) Tj ET Q q 0 0 0 rg BT 195.04 311.50 Td (ise ) Tj ET Q q 0 0 0 rg BT 207.59 311.50 Td (of) Tj ET Q q 0 0 0 rg BT 215.74 311.50 Td (ferings, ) Tj ET Q q 0 0 0 rg BT 247.44 311.50 Td (amortization ) Tj ET Q q 0 0 0 rg BT 299.42 311.50 Td (of ) Tj ET Q q 0 0 0 rg BT 309.19 311.50 Td (acquired ) Tj ET Q q 0 0 0 rg BT 345.05 311.50 Td (intangible ) Tj ET Q q 0 0 0 rg BT 386.48 311.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 411.24 311.50 Td (directly ) Tj ET Q q 0 0 0 rg BT 443.22 311.50 Td (involved ) Tj ET Q q 0 0 0 rg BT 479.66 311.50 Td (in ) Tj ET Q q 0 0 0 rg BT 488.87 311.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 521.96 311.50 Td (producing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 299.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 88.10 299.50 Td (and ) Tj ET Q q 0 0 0 rg BT 105.04 299.50 Td (professional ) Tj ET Q q 0 0 0 rg BT 156.41 299.50 Td (services ) Tj ET Q q 0 0 0 rg BT 191.12 299.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 234.71 299.50 Td (with ) Tj ET Q q 0 0 0 rg BT 254.99 299.50 Td (implementation ) Tj ET Q q 0 0 0 rg BT 320.26 299.50 Td (of ) Tj ET Q q 0 0 0 rg BT 331.09 299.50 Td (software.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 273.50 Td (Research ) Tj ET Q q 0 0 0 rg BT 102.33 273.50 Td (and ) Tj ET Q q 0 0 0 rg BT 120.39 273.50 Td (Development ) Tj ET Q q 0 0 0 rg BT 176.76 273.50 Td (Costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 257.10 Td (Research ) Tj ET Q q 0 0 0 rg BT 111.65 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.58 257.10 Td (development ) Tj ET Q q 0 0 0 rg BT 182.73 257.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 205.23 257.10 Td (are ) Tj ET Q q 0 0 0 rg BT 219.94 257.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 259.65 257.10 Td (as ) Tj ET Q q 0 0 0 rg BT 270.48 257.10 Td (incurred.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 231.10 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 111.23 231.10 Td (Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 214.70 Td (The ) Tj ET Q q 0 0 0 rg BT 90.75 214.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.34 214.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 171.14 214.70 Td (advertising ) Tj ET Q q 0 0 0 rg BT 218.28 214.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 240.98 214.70 Td (as ) Tj ET Q q 0 0 0 rg BT 252.01 214.70 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 289.93 214.70 Td (Advertising ) Tj ET Q q 0 0 0 rg BT 339.85 214.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 378.65 214.70 Td (for ) Tj ET Q q 0 0 0 rg BT 393.02 214.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.94 214.70 Td (years ) Tj ET Q q 0 0 0 rg BT 431.74 214.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 458.32 214.70 Td (December ) Tj ET Q q 0 0 0 rg BT 502.10 214.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 517.31 214.70 Td (2013, ) Tj ET Q q 0 0 0 rg BT 542.51 214.70 Td (2012 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 202.70 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 202.70 Td (201) Tj ET Q q 0 0 0 rg BT 81.07 202.70 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.07 202.70 Td ( ) Tj ET Q q 0 0 0 rg BT 88.57 202.70 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.50 202.70 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 130.50 202.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.39 202.70 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.39 202.70 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 184.39 202.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.28 202.70 Td (, ) Tj ET Q q 0 0 0 rg BT 218.28 202.70 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.22 202.70 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 255.22 202.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.11 202.70 Td (, ) Tj ET Q q 0 0 0 rg BT 289.11 202.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 336.77 202.70 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 176.70 Td (Stock-Based ) Tj ET Q q 0 0 0 rg BT 115.11 176.70 Td (Compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 159.70 Td (The ) Tj ET Q q 0 0 0 rg BT 91.80 159.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.45 159.70 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 178.96 159.70 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 228.93 159.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 287.23 159.70 Td (related ) Tj ET Q q 0 0 0 rg BT 317.19 159.70 Td (to ) Tj ET Q q 0 0 0 rg BT 327.72 159.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 358.80 159.70 Td (granted ) Tj ET Q q 0 0 0 rg BT 391.54 159.70 Td (under ) Tj ET Q q 0 0 0 rg BT 417.07 159.70 Td (its ) Tj ET Q q 0 0 0 rg BT 429.28 159.70 Td (2009 ) Tj ET Q q 0 0 0 rg BT 452.03 159.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 477.57 159.70 Td (Option ) Tj ET Q q 0 0 0 rg BT 508.11 159.70 Td (and ) Tj ET Q q 0 0 0 rg BT 525.30 159.70 Td (Incentive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 147.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 69.78 147.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 87.83 147.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.26 147.70 Td (2009 ) Tj ET Q q 0 0 0 rg BT 114.76 147.70 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.54 147.70 Td (\), ) Tj ET Q q 0 0 0 rg BT 145.31 147.70 Td (201) Tj ET Q q 0 0 0 rg BT 159.94 147.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 167.44 147.70 Td (Equity ) Tj ET Q q 0 0 0 rg BT 196.60 147.70 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 235.75 147.70 Td (A) Tj ET Q q 0 0 0 rg BT 242.06 147.70 Td (ward ) Tj ET Q q 0 0 0 rg BT 264.55 147.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 284.83 147.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 302.87 147.70 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.31 147.70 Td (201) Tj ET Q q 0 0 0 rg BT 321.94 147.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 329.44 147.70 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.22 147.70 Td (\) ) Tj ET Q q 0 0 0 rg BT 357.49 147.70 Td (and ) Tj ET Q q 0 0 0 rg BT 374.43 147.70 Td (Employee ) Tj ET Q q 0 0 0 rg BT 417.47 147.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 442.75 147.70 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 481.35 147.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 501.62 147.70 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.39 147.70 Td (ESPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.19 147.70 Td (\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 130.70 Td (The ) Tj ET Q q 0 0 0 rg BT 91.28 130.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.41 130.70 Td (recognizes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.40 130.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 235.18 130.70 Td (expense ) Tj ET Q q 0 0 0 rg BT 269.63 130.70 Td (related ) Tj ET Q q 0 0 0 rg BT 299.07 130.70 Td (to ) Tj ET Q q 0 0 0 rg BT 309.08 130.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 332.43 130.70 Td (option ) Tj ET Q q 0 0 0 rg BT 360.22 130.70 Td (grants ) Tj ET Q q 0 0 0 rg BT 386.90 130.70 Td (that ) Tj ET Q q 0 0 0 rg BT 404.13 130.70 Td (are ) Tj ET Q q 0 0 0 rg BT 418.58 130.70 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 461.36 130.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 499.13 130.70 Td (to ) Tj ET Q q 0 0 0 rg BT 509.15 130.70 Td (vest ) Tj ET Q q 0 0 0 rg BT 527.49 130.70 Td (based ) Tj ET Q q 0 0 0 rg BT 552.50 130.70 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 118.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 89.96 118.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 105.98 118.70 Td (values ) Tj ET Q q 0 0 0 rg BT 133.66 118.70 Td (on ) Tj ET Q q 0 0 0 rg BT 145.80 118.70 Td (the ) Tj ET Q q 0 0 0 rg BT 160.16 118.70 Td (date ) Tj ET Q q 0 0 0 rg BT 178.96 118.70 Td (of ) Tj ET Q q 0 0 0 rg BT 189.43 118.70 Td (grant ) Tj ET Q q 0 0 0 rg BT 212.11 118.70 Td (using ) Tj ET Q q 0 0 0 rg BT 235.92 118.70 Td (the ) Tj ET Q q 0 0 0 rg BT 250.28 118.70 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 310.19 118.70 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 369.54 118.70 Td (model. ) Tj ET Q q 0 0 0 rg BT 399.17 118.70 Td (Such ) Tj ET Q q 0 0 0 rg BT 421.31 118.70 Td (expense ) Tj ET Q q 0 0 0 rg BT 455.66 118.70 Td (is ) Tj ET Q q 0 0 0 rg BT 464.47 118.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 510.47 118.70 Td (on ) Tj ET Q q 0 0 0 rg BT 522.61 118.70 Td (a ) Tj ET Q q 0 0 0 rg BT 529.19 118.70 Td (straight-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 106.70 Td (line ) Tj ET Q q 0 0 0 rg BT 67.00 106.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 89.50 106.70 Td (over ) Tj ET Q q 0 0 0 rg BT 109.76 106.70 Td (the ) Tj ET Q q 0 0 0 rg BT 124.48 106.70 Td (requisite ) Tj ET Q q 0 0 0 rg BT 161.41 106.70 Td (service ) Tj ET Q q 0 0 0 rg BT 192.23 106.70 Td (period ) Tj ET Q q 0 0 0 rg BT 220.28 106.70 Td (of ) Tj ET Q q 0 0 0 rg BT 231.11 106.70 Td (the ) Tj ET Q q 0 0 0 rg BT 245.82 106.70 Td (award, ) Tj ET Q q 0 0 0 rg BT 275.25 106.70 Td (which ) Tj ET Q q 0 0 0 rg BT 302.19 106.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 341.89 106.70 Td (equals ) Tj ET Q q 0 0 0 rg BT 369.94 106.70 Td (the ) Tj ET Q q 0 0 0 rg BT 384.66 106.70 Td (vesting ) Tj ET Q q 0 0 0 rg BT 416.04 106.70 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.09 106.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 89.70 Td (The ) Tj ET Q q 0 0 0 rg BT 92.12 89.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.08 89.70 Td (recognizes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.91 89.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 238.53 89.70 Td (expense ) Tj ET Q q 0 0 0 rg BT 273.81 89.70 Td (related ) Tj ET Q q 0 0 0 rg BT 304.09 89.70 Td (to ) Tj ET Q q 0 0 0 rg BT 314.94 89.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 355.22 89.70 Td (awards, ) Tj ET Q q 0 0 0 rg BT 389.12 89.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 429.39 89.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 453.58 89.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 472.21 89.70 Td (awards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.53 89.70 Td ( ) Tj ET Q q 0 0 0 rg BT 503.60 89.70 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.37 89.70 Td (RSUs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.72 89.70 Td (\), ) Tj ET Q q 0 0 0 rg BT 548.06 89.70 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 77.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.63 77.70 Td (share ) Tj ET Q q 0 0 0 rg BT 126.34 77.70 Td (awards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.66 77.70 Td ( ) Tj ET Q q 0 0 0 rg BT 157.26 77.70 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 165.03 77.70 Td (Performance ) Tj ET Q q 0 0 0 rg BT 218.15 77.70 Td (A) Tj ET Q q 0 0 0 rg BT 224.45 77.70 Td (wards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.33 77.70 Td (\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.71 77.70 Td (based ) Tj ET Q q 0 0 0 rg BT 284.09 77.70 Td (on ) Tj ET Q q 0 0 0 rg BT 296.69 77.70 Td (the ) Tj ET Q q 0 0 0 rg BT 311.52 77.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 328.00 77.70 Td (market ) Tj ET Q q 0 0 0 rg BT 358.37 77.70 Td (value ) Tj ET Q q 0 0 0 rg BT 382.64 77.70 Td (of ) Tj ET Q q 0 0 0 rg BT 393.57 77.70 Td (the ) Tj ET Q q 0 0 0 rg BT 408.40 77.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 454.33 77.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 481.93 77.70 Td (of ) Tj ET Q q 0 0 0 rg BT 492.86 77.70 Td (common ) Tj ET Q q 0 0 0 rg BT 530.47 77.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 554.18 77.70 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 65.70 Td (of ) Tj ET Q q 0 0 0 rg BT 59.86 65.70 Td (the ) Tj ET Q q 0 0 0 rg BT 74.10 65.70 Td (date ) Tj ET Q q 0 0 0 rg BT 92.78 65.70 Td (of ) Tj ET Q q 0 0 0 rg BT 103.14 65.70 Td (grant. ) Tj ET Q q 0 0 0 rg BT 128.21 65.70 Td (Expense ) Tj ET Q q 0 0 0 rg BT 164.11 65.70 Td (related ) Tj ET Q q 0 0 0 rg BT 193.34 65.70 Td (to ) Tj ET Q q 0 0 0 rg BT 203.15 65.70 Td (the ) Tj ET Q q 0 0 0 rg BT 217.39 65.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 256.62 65.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 286.97 65.70 Td (and ) Tj ET Q q 0 0 0 rg BT 303.43 65.70 Td (the ) Tj ET Q q 0 0 0 rg BT 317.67 65.70 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 343.04 65.70 Td (are ) Tj ET Q q 0 0 0 rg BT 357.28 65.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 403.17 65.70 Td (on ) Tj ET Q q 0 0 0 rg BT 415.19 65.70 Td (a ) Tj ET Q q 0 0 0 rg BT 421.66 65.70 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 472.00 65.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 494.03 65.70 Td (over ) Tj ET Q q 0 0 0 rg BT 513.83 65.70 Td (the ) Tj ET Q q 0 0 0 rg BT 528.07 65.70 Td (requisite ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 53.70 Td (service ) Tj ET Q q 0 0 0 rg BT 80.20 53.70 Td (period ) Tj ET Q q 0 0 0 rg BT 108.14 53.70 Td (of ) Tj ET Q q 0 0 0 rg BT 118.86 53.70 Td (the ) Tj ET Q q 0 0 0 rg BT 133.46 53.70 Td (award, ) Tj ET Q q 0 0 0 rg BT 162.78 53.70 Td (which ) Tj ET Q q 0 0 0 rg BT 189.60 53.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 229.19 53.70 Td (equals ) Tj ET Q q 0 0 0 rg BT 257.13 53.70 Td (the ) Tj ET Q q 0 0 0 rg BT 271.73 53.70 Td (vesting ) Tj ET Q q 0 0 0 rg BT 303.01 53.70 Td (period. ) Tj ET Q q 0 0 0 rg BT 333.44 53.70 Td (Expense ) Tj ET Q q 0 0 0 rg BT 369.71 53.70 Td (related ) Tj ET Q q 0 0 0 rg BT 399.29 53.70 Td (to ) Tj ET Q q 0 0 0 rg BT 409.46 53.70 Td (the ) Tj ET Q q 0 0 0 rg BT 424.07 53.70 Td (Performance ) Tj ET Q q 0 0 0 rg BT 477.01 53.70 Td (A) Tj ET Q q 0 0 0 rg BT 483.31 53.70 Td (wards ) Tj ET Q q 0 0 0 rg BT 509.58 53.70 Td (is ) Tj ET Q q 0 0 0 rg BT 518.64 53.70 Td (recognized ) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (58) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.15 740.10 Td (an ) Tj ET Q q 0 0 0 rg BT 85.46 740.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 132.30 740.10 Td (method ) Tj ET Q q 0 0 0 rg BT 164.17 740.10 Td (over ) Tj ET Q q 0 0 0 rg BT 183.82 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.92 740.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 234.23 740.10 Td (service ) Tj ET Q q 0 0 0 rg BT 264.42 740.10 Td (period ) Tj ET Q q 0 0 0 rg BT 291.85 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.06 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.15 740.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 344.96 740.10 Td (which ) Tj ET Q q 0 0 0 rg BT 371.28 740.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 415.91 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.23 740.10 Td (lar) Tj ET Q q 0 0 0 rg BT 432.60 740.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 447.24 740.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 478.01 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.22 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.31 740.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 536.40 740.10 Td (during ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.00 728.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 106.27 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.88 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.38 728.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 162.54 728.10 Td (period ) Tj ET Q q 0 0 0 rg BT 190.37 728.10 Td (than ) Tj ET Q q 0 0 0 rg BT 209.86 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.92 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.42 728.10 Td (end ) Tj ET Q q 0 0 0 rg BT 251.14 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.75 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.24 728.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 307.41 728.10 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.45 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.73 728.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 392.21 728.10 Td (estimates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.71 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.20 728.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 483.47 728.10 Td (number ) Tj ET Q q 0 0 0 rg BT 516.29 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.90 728.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 554.17 728.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (common ) Tj ET Q q 0 0 0 rg BT 87.00 716.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 110.60 716.10 Td (that ) Tj ET Q q 0 0 0 rg BT 128.10 716.10 Td (will ) Tj ET Q q 0 0 0 rg BT 146.16 716.10 Td (be ) Tj ET Q q 0 0 0 rg BT 158.09 716.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 190.58 716.10 Td (until ) Tj ET Q q 0 0 0 rg BT 211.41 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.13 716.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 279.16 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.99 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.71 716.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 357.73 716.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 381.34 716.10 Td (is ) Tj ET Q q 0 0 0 rg BT 390.51 716.10 Td (known.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.23 716.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 699.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.86 699.10 Td (date ) Tj ET Q q 0 0 0 rg BT 111.33 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.48 699.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 145.84 699.10 Td (is ) Tj ET Q q 0 0 0 rg BT 155.33 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.36 699.10 Td (date ) Tj ET Q q 0 0 0 rg BT 189.84 699.10 Td (at ) Tj ET Q q 0 0 0 rg BT 199.87 699.10 Td (which) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.31 699.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.12 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.16 699.10 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.86 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.12 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.15 699.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 357.84 699.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 382.30 699.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.55 699.10 Td (mutual ) Tj ET Q q 0 0 0 rg BT 420.14 699.10 Td (understanding ) Tj ET Q q 0 0 0 rg BT 479.62 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.76 699.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.79 699.10 Td (key ) Tj ET Q q 0 0 0 rg BT 523.05 699.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 548.08 699.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 687.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.47 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.11 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.64 687.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 151.88 687.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 200.72 687.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 242.91 687.10 Td (are ) Tj ET Q q 0 0 0 rg BT 258.42 687.10 Td (received ) Tj ET Q q 0 0 0 rg BT 295.60 687.10 Td (by ) Tj ET Q q 0 0 0 rg BT 308.91 687.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 347.20 687.10 Td (by ) Tj ET Q q 0 0 0 rg BT 360.51 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.04 687.10 Td (board ) Tj ET Q q 0 0 0 rg BT 402.11 687.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.75 687.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 452.05 687.10 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.49 687.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.80 687.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.32 687.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 527.52 687.10 Td (becomes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 675.10 Td (contingently ) Tj ET Q q 0 0 0 rg BT 101.99 675.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 141.70 675.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.98 675.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 174.48 675.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 201.98 675.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 251.14 675.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.42 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.14 675.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 317.51 675.10 Td (who ) Tj ET Q q 0 0 0 rg BT 337.23 675.10 Td (renders ) Tj ET Q q 0 0 0 rg BT 369.16 675.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.88 675.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 420.81 675.10 Td (service) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.12 675.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 653.20 Td (The ) Tj ET Q q 0 0 0 rg BT 89.92 653.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.68 653.20 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.22 653.20 Td (required ) Tj ET Q q 0 0 0 rg BT 174.41 653.20 Td (to ) Tj ET Q q 0 0 0 rg BT 184.06 653.20 Td (estimate ) Tj ET Q q 0 0 0 rg BT 219.25 653.20 Td (potential ) Tj ET Q q 0 0 0 rg BT 256.12 653.20 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 299.63 653.20 Td (of ) Tj ET Q q 0 0 0 rg BT 309.84 653.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 332.82 653.20 Td (grants ) Tj ET Q q 0 0 0 rg BT 359.13 653.20 Td (and ) Tj ET Q q 0 0 0 rg BT 375.44 653.20 Td (adjust ) Tj ET Q q 0 0 0 rg BT 401.20 653.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 438.05 653.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 495.46 653.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 513.44 653.20 Td (accordingly) Tj ET Q q 0 0 0 rg BT 560.00 653.20 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 641.20 Td (The ) Tj ET Q q 0 0 0 rg BT 68.15 641.20 Td (estimate ) Tj ET Q q 0 0 0 rg BT 104.58 641.20 Td (of ) Tj ET Q q 0 0 0 rg BT 116.01 641.20 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 160.76 641.20 Td (is ) Tj ET Q q 0 0 0 rg BT 170.54 641.20 Td (based ) Tj ET Q q 0 0 0 rg BT 196.41 641.20 Td (on ) Tj ET Q q 0 0 0 rg BT 209.51 641.20 Td (historical ) Tj ET Q q 0 0 0 rg BT 249.83 641.20 Td (experience ) Tj ET Q q 0 0 0 rg BT 296.23 641.20 Td (and ) Tj ET Q q 0 0 0 rg BT 313.78 641.20 Td (is ) Tj ET Q q 0 0 0 rg BT 323.55 641.20 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 359.98 641.20 Td (over ) Tj ET Q q 0 0 0 rg BT 380.85 641.20 Td (the ) Tj ET Q q 0 0 0 rg BT 396.18 641.20 Td (requisite ) Tj ET Q q 0 0 0 rg BT 433.71 641.20 Td (service ) Tj ET Q q 0 0 0 rg BT 465.13 641.20 Td (period ) Tj ET Q q 0 0 0 rg BT 493.79 641.20 Td (to ) Tj ET Q q 0 0 0 rg BT 504.67 641.20 Td (the ) Tj ET Q q 0 0 0 rg BT 519.99 641.20 Td (extent ) Tj ET Q q 0 0 0 rg BT 547.53 641.20 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 629.20 Td (actual ) Tj ET Q q 0 0 0 rg BT 75.78 629.20 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 119.83 629.20 Td (dif) Tj ET Q q 0 0 0 rg BT 130.76 629.20 Td (fer) Tj ET Q q 0 0 0 rg BT 141.46 629.20 Td (, ) Tj ET Q q 0 0 0 rg BT 146.37 629.20 Td (or ) Tj ET Q q 0 0 0 rg BT 157.11 629.20 Td (are ) Tj ET Q q 0 0 0 rg BT 171.72 629.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 209.67 629.20 Td (to ) Tj ET Q q 0 0 0 rg BT 219.85 629.20 Td (dif) Tj ET Q q 0 0 0 rg BT 230.78 629.20 Td (fer) Tj ET Q q 0 0 0 rg BT 241.48 629.20 Td (, ) Tj ET Q q 0 0 0 rg BT 246.39 629.20 Td (from ) Tj ET Q q 0 0 0 rg BT 268.23 629.20 Td (the ) Tj ET Q q 0 0 0 rg BT 282.86 629.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 304.71 629.20 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 346.83 629.20 Td (Changes ) Tj ET Q q 0 0 0 rg BT 383.67 629.20 Td (in ) Tj ET Q q 0 0 0 rg BT 393.86 629.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 434.59 629.20 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 478.64 629.20 Td (will ) Tj ET Q q 0 0 0 rg BT 496.61 629.20 Td (be ) Tj ET Q q 0 0 0 rg BT 508.46 629.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 554.73 629.20 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 617.20 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 617.20 Td (period ) Tj ET Q q 0 0 0 rg BT 92.26 617.20 Td (of ) Tj ET Q q 0 0 0 rg BT 103.09 617.20 Td (change ) Tj ET Q q 0 0 0 rg BT 133.91 617.20 Td (and ) Tj ET Q q 0 0 0 rg BT 150.85 617.20 Td (will ) Tj ET Q q 0 0 0 rg BT 168.90 617.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 198.62 617.20 Td (the ) Tj ET Q q 0 0 0 rg BT 213.33 617.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 245.83 617.20 Td (of ) Tj ET Q q 0 0 0 rg BT 256.66 617.20 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 306.37 617.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 364.41 617.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 399.11 617.20 Td (to ) Tj ET Q q 0 0 0 rg BT 409.39 617.20 Td (be ) Tj ET Q q 0 0 0 rg BT 421.33 617.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 467.69 617.20 Td (in ) Tj ET Q q 0 0 0 rg BT 477.97 617.20 Td (future ) Tj ET Q q 0 0 0 rg BT 504.35 617.20 Td (periods) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.79 617.20 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 595.30 Td (All ) Tj ET Q q 0 0 0 rg BT 87.76 595.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.35 595.30 Td (option ) Tj ET Q q 0 0 0 rg BT 139.39 595.30 Td (awards ) Tj ET Q q 0 0 0 rg BT 170.19 595.30 Td (to ) Tj ET Q q 0 0 0 rg BT 180.45 595.30 Td (non-employees ) Tj ET Q q 0 0 0 rg BT 244.03 595.30 Td (are ) Tj ET Q q 0 0 0 rg BT 258.72 595.30 Td (accounted ) Tj ET Q q 0 0 0 rg BT 301.73 595.30 Td (for ) Tj ET Q q 0 0 0 rg BT 315.87 595.30 Td (at ) Tj ET Q q 0 0 0 rg BT 325.57 595.30 Td (the ) Tj ET Q q 0 0 0 rg BT 340.27 595.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 356.63 595.30 Td (value ) Tj ET Q q 0 0 0 rg BT 380.77 595.30 Td (of ) Tj ET Q q 0 0 0 rg BT 391.58 595.30 Td (the ) Tj ET Q q 0 0 0 rg BT 406.28 595.30 Td (consideration ) Tj ET Q q 0 0 0 rg BT 462.63 595.30 Td (received ) Tj ET Q q 0 0 0 rg BT 498.98 595.30 Td (or ) Tj ET Q q 0 0 0 rg BT 509.79 595.30 Td (the ) Tj ET Q q 0 0 0 rg BT 524.49 595.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.84 595.30 Td (value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 583.30 Td (of ) Tj ET Q q 0 0 0 rg BT 61.02 583.30 Td (the ) Tj ET Q q 0 0 0 rg BT 76.42 583.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 104.60 583.30 Td (instrument ) Tj ET Q q 0 0 0 rg BT 150.57 583.30 Td (issued, ) Tj ET Q q 0 0 0 rg BT 181.25 583.30 Td (as ) Tj ET Q q 0 0 0 rg BT 192.77 583.30 Td (calculated ) Tj ET Q q 0 0 0 rg BT 236.49 583.30 Td (using ) Tj ET Q q 0 0 0 rg BT 261.34 583.30 Td (the ) Tj ET Q q 0 0 0 rg BT 276.75 583.30 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 337.70 583.30 Td (option-pricing ) Tj ET Q q 0 0 0 rg BT 398.10 583.30 Td (model. ) Tj ET Q q 0 0 0 rg BT 428.55 583.30 Td (The ) Tj ET Q q 0 0 0 rg BT 447.28 583.30 Td (measurement ) Tj ET Q q 0 0 0 rg BT 503.78 583.30 Td (of ) Tj ET Q q 0 0 0 rg BT 515.30 583.30 Td (stock-based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 571.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.01 571.30 Td (for ) Tj ET Q q 0 0 0 rg BT 122.64 571.30 Td (non-employees ) Tj ET Q q 0 0 0 rg BT 186.70 571.30 Td (is ) Tj ET Q q 0 0 0 rg BT 196.34 571.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 227.63 571.30 Td (to ) Tj ET Q q 0 0 0 rg BT 238.38 571.30 Td (periodic ) Tj ET Q q 0 0 0 rg BT 274.11 571.30 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 324.85 571.30 Td (as ) Tj ET Q q 0 0 0 rg BT 336.15 571.30 Td (the ) Tj ET Q q 0 0 0 rg BT 351.33 571.30 Td (options ) Tj ET Q q 0 0 0 rg BT 383.75 571.30 Td (vest, ) Tj ET Q q 0 0 0 rg BT 405.32 571.30 Td (and ) Tj ET Q q 0 0 0 rg BT 422.73 571.30 Td (the ) Tj ET Q q 0 0 0 rg BT 437.91 571.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 473.09 571.30 Td (is ) Tj ET Q q 0 0 0 rg BT 482.73 571.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 529.56 571.30 Td (over ) Tj ET Q q 0 0 0 rg BT 550.29 571.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 559.30 Td (period ) Tj ET Q q 0 0 0 rg BT 77.55 559.30 Td (services ) Tj ET Q q 0 0 0 rg BT 112.25 559.30 Td (are ) Tj ET Q q 0 0 0 rg BT 126.96 559.30 Td (rendered.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.44 559.30 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 533.30 Td (Other ) Tj ET Q q 0 0 0 rg BT 87.89 533.30 Td (Income ) Tj ET Q q 0 0 0 rg BT 121.50 533.30 Td (\(Expense\), ) Tj ET Q q 0 0 0 rg BT 168.16 533.30 Td (Net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 516.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 97.77 516.90 Td (income ) Tj ET Q q 0 0 0 rg BT 129.70 516.90 Td (\(expense\), ) Tj ET Q q 0 0 0 rg BT 173.57 516.90 Td (net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.79 516.90 Td ( ) Tj ET Q q 0 0 0 rg BT 188.29 516.90 Td (consisted ) Tj ET Q q 0 0 0 rg BT 228.00 516.90 Td (of ) Tj ET Q q 0 0 0 rg BT 238.83 516.90 Td (the ) Tj ET Q q 0 0 0 rg BT 253.55 516.90 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 72.00 457.00 356.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 457.00 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 457.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 457.00 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 457.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 457.00 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 72.00 427.00 356.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 427.00 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 427.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.00 427.00 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 427.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 427.00 42.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 487 m 470 487 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 487 m 474 487 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 487 m 516 487 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 487 m 520 487 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 487 m 562 487 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 472 m 470 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 472 m 516 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 487 m 562 487 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 472 m 562 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 472 m 470 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 472 m 516 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 472 m 562 472 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 412 m 470 412 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 398 m 470 398 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 396 m 470 396 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 412 m 516 412 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 398 m 516 398 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 396 m 516 396 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 412 m 562 412 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 398 m 562 398 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 396 m 562 396 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 451.10 491.23 Td (Year ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.50 476.23 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.50 476.23 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.70 476.23 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.15 461.23 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.50 446.67 Td (Interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.15 446.67 Td (650) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.15 446.67 Td (146) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.15 446.67 Td (159) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.50 431.67 Td (Net realized loss on investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.80 431.72 Td (\(55) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 431.67 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.15 431.67 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 431.67 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.50 416.67 Td (Interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.80 416.72 Td (\(135) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 416.67 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.80 416.72 Td (\(189) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.15 416.67 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.80 416.72 Td (\(83) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 416.67 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.50 401.67 Td (Total other income \(expense\), net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.15 401.67 Td (460) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.80 401.72 Td (\(43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.15 401.67 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.15 401.67 Td (76) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 371.50 Td (Income ) Tj ET Q q 0 0 0 rg BT 95.11 371.50 Td (T) Tj ET Q q 0 0 0 rg BT 100.30 371.50 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 355.10 Td (The ) Tj ET Q q 0 0 0 rg BT 89.83 355.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 130.50 355.10 Td (accounts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.27 355.10 Td (for ) Tj ET Q q 0 0 0 rg BT 180.71 355.10 Td (income ) Tj ET Q q 0 0 0 rg BT 211.93 355.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 234.26 355.10 Td (under ) Tj ET Q q 0 0 0 rg BT 258.81 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.81 355.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 294.04 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.26 355.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 343.15 355.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 377.43 355.10 Td (which ) Tj ET Q q 0 0 0 rg BT 403.65 355.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 437.64 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.64 355.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 498.97 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.08 355.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 531.41 355.10 Td (payable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 343.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.40 343.10 Td (refundable ) Tj ET Q q 0 0 0 rg BT 105.72 343.10 Td (for ) Tj ET Q q 0 0 0 rg BT 119.95 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.73 343.10 Td (current ) Tj ET Q q 0 0 0 rg BT 165.61 343.10 Td (year) Tj ET Q q 0 0 0 rg BT 182.42 343.10 Td (, ) Tj ET Q q 0 0 0 rg BT 187.49 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.49 343.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 240.37 343.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 255.15 343.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 294.93 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.94 343.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 337.84 343.10 Td (for ) Tj ET Q q 0 0 0 rg BT 352.07 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.85 343.10 Td (future ) Tj ET Q q 0 0 0 rg BT 393.29 343.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 408.08 343.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 465.62 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.52 343.10 Td (events ) Tj ET Q q 0 0 0 rg BT 504.63 343.10 Td (that ) Tj ET Q q 0 0 0 rg BT 522.20 343.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.64 343.10 Td (been ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 331.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 95.32 331.10 Td (in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.10 331.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.06 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.24 331.10 Td (Company) Tj ET Q q 0 0 0 rg BT 160.90 331.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.75 331.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 203.69 331.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 247.86 331.10 Td (or ) Tj ET Q q 0 0 0 rg BT 258.15 331.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 272.33 331.10 Td (returns. ) Tj ET Q q 0 0 0 rg BT 304.42 331.10 Td (The ) Tj ET Q q 0 0 0 rg BT 321.92 331.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 377.19 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.48 331.10 Td (current ) Tj ET Q q 0 0 0 rg BT 417.76 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.15 331.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 469.42 331.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 483.60 331.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 522.77 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.17 331.10 Td (assets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 319.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.50 319.10 Td (based ) Tj ET Q q 0 0 0 rg BT 85.60 319.10 Td (on ) Tj ET Q q 0 0 0 rg BT 98.94 319.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 143.94 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.60 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.15 319.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 205.02 319.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 220.56 319.10 Td (law; ) Tj ET Q q 0 0 0 rg BT 241.11 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.66 319.10 Td (ef) Tj ET Q q 0 0 0 rg BT 264.25 319.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 286.46 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.12 319.10 Td (future ) Tj ET Q q 0 0 0 rg BT 325.33 319.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 360.87 319.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.98 319.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 387.53 319.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 409.19 319.10 Td (or ) Tj ET Q q 0 0 0 rg BT 420.86 319.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 443.07 319.10 Td (are ) Tj ET Q q 0 0 0 rg BT 458.61 319.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.72 319.10 Td (anticipated. ) Tj ET Q q 0 0 0 rg BT 524.18 319.10 Td (V) Tj ET Q q 0 0 0 rg BT 530.29 319.10 Td (aluation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 307.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 96.52 307.10 Td (are ) Tj ET Q q 0 0 0 rg BT 111.32 307.10 Td (established ) Tj ET Q q 0 0 0 rg BT 158.35 307.10 Td (when ) Tj ET Q q 0 0 0 rg BT 182.60 307.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 224.06 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.44 307.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 263.68 307.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 299.58 307.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 314.39 307.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 340.31 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.68 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.49 307.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 398.08 307.10 Td (that) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.08 307.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.67 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.48 307.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 471.96 307.10 Td (believes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.32 307.10 Td (is ) Tj ET Q q 0 0 0 rg BT 516.59 307.10 Td (more ) Tj ET Q q 0 0 0 rg BT 539.73 307.10 Td (likely ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 295.10 Td (than ) Tj ET Q q 0 0 0 rg BT 68.47 295.10 Td (not ) Tj ET Q q 0 0 0 rg BT 83.00 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.52 295.10 Td (be ) Tj ET Q q 0 0 0 rg BT 103.71 295.10 Td (realized.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.85 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.48 295.10 Td (The ) Tj ET Q q 0 0 0 rg BT 156.78 295.10 Td (Company) Tj ET Q q 0 0 0 rg BT 198.44 295.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.08 295.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 261.37 295.10 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.70 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 271.45 295.10 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.65 295.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 321.61 295.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 363.90 295.10 Td (is ) Tj ET Q q 0 0 0 rg BT 372.32 295.10 Td (based ) Tj ET Q q 0 0 0 rg BT 396.83 295.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 418.58 295.10 Td (a ) Tj ET Q q 0 0 0 rg BT 424.77 295.10 Td (number ) Tj ET Q q 0 0 0 rg BT 457.07 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.15 295.10 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 520.85 295.10 Td (judgments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.02 283.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 109.82 283.10 Td (including ) Tj ET Q q 0 0 0 rg BT 150.67 283.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 194.84 283.10 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 234.30 283.10 Td (future ) Tj ET Q q 0 0 0 rg BT 261.26 283.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 293.21 283.10 Td (income ) Tj ET Q q 0 0 0 rg BT 325.73 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.25 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.55 283.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 391.61 283.10 Td (proportions ) Tj ET Q q 0 0 0 rg BT 440.80 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.21 283.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 486.94 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.46 283.10 Td (income ) Tj ET Q q 0 0 0 rg BT 536.98 283.10 Td (before ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 271.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 72.55 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 82.83 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.54 271.10 Td (various ) Tj ET Q q 0 0 0 rg BT 129.48 271.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 181.42 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.70 271.10 Td (which) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.14 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.64 271.10 Td (it ) Tj ET Q q 0 0 0 rg BT 226.70 271.10 Td (operates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 249.20 Td (The ) Tj ET Q q 0 0 0 rg BT 90.36 249.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.57 249.20 Td (operates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.20 249.20 Td (in ) Tj ET Q q 0 0 0 rg BT 177.29 249.20 Td (various ) Tj ET Q q 0 0 0 rg BT 209.05 249.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 223.58 249.20 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 275.34 249.20 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.78 249.20 Td ( ) Tj ET Q q 0 0 0 rg BT 292.10 249.20 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.09 249.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 331.73 249.20 Td (to ) Tj ET Q q 0 0 0 rg BT 341.82 249.20 Td (audit ) Tj ET Q q 0 0 0 rg BT 364.14 249.20 Td (by ) Tj ET Q q 0 0 0 rg BT 376.45 249.20 Td (various ) Tj ET Q q 0 0 0 rg BT 408.21 249.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 422.74 249.20 Td (authorities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.45 249.20 Td ( ) Tj ET Q q 0 0 0 rg BT 469.60 249.20 Td (T) Tj ET Q q 0 0 0 rg BT 475.01 249.20 Td (ax ) Tj ET Q q 0 0 0 rg BT 486.77 249.20 Td (positions ) Tj ET Q q 0 0 0 rg BT 525.20 249.20 Td (are ) Tj ET Q q 0 0 0 rg BT 539.73 249.20 Td (based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 237.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 71.69 237.20 Td (their ) Tj ET Q q 0 0 0 rg BT 92.20 237.20 Td (technical ) Tj ET Q q 0 0 0 rg BT 130.48 237.20 Td (merits, ) Tj ET Q q 0 0 0 rg BT 160.17 237.20 Td (relevant ) Tj ET Q q 0 0 0 rg BT 194.56 237.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 208.96 237.20 Td (law ) Tj ET Q q 0 0 0 rg BT 225.59 237.20 Td (and ) Tj ET Q q 0 0 0 rg BT 242.22 237.20 Td (the ) Tj ET Q q 0 0 0 rg BT 256.62 237.20 Td (specific ) Tj ET Q q 0 0 0 rg BT 289.91 237.20 Td (facts ) Tj ET Q q 0 0 0 rg BT 310.97 237.20 Td (and ) Tj ET Q q 0 0 0 rg BT 327.60 237.20 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 386.43 237.20 Td (as ) Tj ET Q q 0 0 0 rg BT 396.95 237.20 Td (of ) Tj ET Q q 0 0 0 rg BT 407.47 237.20 Td (each ) Tj ET Q q 0 0 0 rg BT 427.97 237.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 466.81 237.20 Td (period. ) Tj ET Q q 0 0 0 rg BT 497.05 237.20 Td (Changes ) Tj ET Q q 0 0 0 rg BT 533.68 237.20 Td (in ) Tj ET Q q 0 0 0 rg BT 543.65 237.20 Td (facts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 225.20 Td (and ) Tj ET Q q 0 0 0 rg BT 65.74 225.20 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 124.18 225.20 Td (could ) Tj ET Q q 0 0 0 rg BT 148.20 225.20 Td (result ) Tj ET Q q 0 0 0 rg BT 172.22 225.20 Td (in ) Tj ET Q q 0 0 0 rg BT 181.80 225.20 Td (material ) Tj ET Q q 0 0 0 rg BT 216.36 225.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 250.37 225.20 Td (to ) Tj ET Q q 0 0 0 rg BT 259.95 225.20 Td (the ) Tj ET Q q 0 0 0 rg BT 273.97 225.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 309.66 225.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 346.43 225.20 Td (for ) Tj ET Q q 0 0 0 rg BT 359.90 225.20 Td (such ) Tj ET Q q 0 0 0 rg BT 380.03 225.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 394.05 225.20 Td (positions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.07 225.20 Td (A) Tj ET Q q 0 0 0 rg BT 440.74 225.20 Td ( ) Tj ET Q q 0 0 0 rg BT 442.54 225.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 456.56 225.20 Td (position ) Tj ET Q q 0 0 0 rg BT 490.59 225.20 Td (is ) Tj ET Q q 0 0 0 rg BT 499.06 225.20 Td (only ) Tj ET Q q 0 0 0 rg BT 518.64 225.20 Td (recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 213.20 Td (in ) Tj ET Q q 0 0 0 rg BT 59.32 213.20 Td (the ) Tj ET Q q 0 0 0 rg BT 73.58 213.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 110.60 213.20 Td (statements ) Tj ET Q q 0 0 0 rg BT 154.85 213.20 Td (if ) Tj ET Q q 0 0 0 rg BT 163.00 213.20 Td (it ) Tj ET Q q 0 0 0 rg BT 170.60 213.20 Td (is ) Tj ET Q q 0 0 0 rg BT 179.31 213.20 Td (more ) Tj ET Q q 0 0 0 rg BT 206.34 213.20 Td (likely ) Tj ET Q q 0 0 0 rg BT 231.15 213.20 Td (than ) Tj ET Q q 0 0 0 rg BT 250.41 213.20 Td (not ) Tj ET Q q 0 0 0 rg BT 269.67 213.20 Td (to ) Tj ET Q q 0 0 0 rg BT 279.49 213.20 Td (be ) Tj ET Q q 0 0 0 rg BT 290.96 213.20 Td (sustained ) Tj ET Q q 0 0 0 rg BT 330.22 213.20 Td (based ) Tj ET Q q 0 0 0 rg BT 355.03 213.20 Td (solely ) Tj ET Q q 0 0 0 rg BT 380.96 213.20 Td (on ) Tj ET Q q 0 0 0 rg BT 393.00 213.20 Td (its ) Tj ET Q q 0 0 0 rg BT 404.49 213.20 Td (technical ) Tj ET Q q 0 0 0 rg BT 442.62 213.20 Td (merits ) Tj ET Q q 0 0 0 rg BT 469.66 213.20 Td (as ) Tj ET Q q 0 0 0 rg BT 480.03 213.20 Td (of ) Tj ET Q q 0 0 0 rg BT 490.40 213.20 Td (the ) Tj ET Q q 0 0 0 rg BT 504.66 213.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 543.35 213.20 Td (date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.51 213.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 201.20 Td (The ) Tj ET Q q 0 0 0 rg BT 66.75 201.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.34 201.20 Td (considers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.81 201.20 Td (many ) Tj ET Q q 0 0 0 rg BT 170.73 201.20 Td (factors ) Tj ET Q q 0 0 0 rg BT 199.64 201.20 Td (when ) Tj ET Q q 0 0 0 rg BT 223.00 201.20 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 266.36 201.20 Td (and ) Tj ET Q q 0 0 0 rg BT 282.50 201.20 Td (estimating) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.16 201.20 Td ( ) Tj ET Q q 0 0 0 rg BT 325.86 201.20 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.01 201.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 350.93 201.20 Td (positions ) Tj ET Q q 0 0 0 rg BT 388.76 201.20 Td (and ) Tj ET Q q 0 0 0 rg BT 404.90 201.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 418.82 201.20 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 454.68 201.20 Td (which ) Tj ET Q q 0 0 0 rg BT 480.82 201.20 Td (may ) Tj ET Q q 0 0 0 rg BT 499.74 201.20 Td (require ) Tj ET Q q 0 0 0 rg BT 529.76 201.20 Td (periodic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 189.20 Td (adjustments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.27 189.20 Td ( ) Tj ET Q q 0 0 0 rg BT 100.81 189.20 Td (that ) Tj ET Q q 0 0 0 rg BT 119.34 189.20 Td (could ) Tj ET Q q 0 0 0 rg BT 145.10 189.20 Td (result ) Tj ET Q q 0 0 0 rg BT 170.85 189.20 Td (in ) Tj ET Q q 0 0 0 rg BT 182.16 189.20 Td (recognition ) Tj ET Q q 0 0 0 rg BT 231.24 189.20 Td (of ) Tj ET Q q 0 0 0 rg BT 243.11 189.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 286.64 189.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 302.39 189.20 Td (benefits ) Tj ET Q q 0 0 0 rg BT 337.58 189.20 Td (or ) Tj ET Q q 0 0 0 rg BT 349.45 189.20 Td (additional ) Tj ET Q q 0 0 0 rg BT 392.97 189.20 Td (char) Tj ET Q q 0 0 0 rg BT 410.00 189.20 Td (ges ) Tj ET Q q 0 0 0 rg BT 426.87 189.20 Td (to ) Tj ET Q q 0 0 0 rg BT 438.18 189.20 Td (the ) Tj ET Q q 0 0 0 rg BT 453.94 189.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 469.69 189.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 511.00 189.20 Td (and ) Tj ET Q q 0 0 0 rg BT 528.98 189.20 Td (may ) Tj ET Q q 0 0 0 rg BT 549.73 189.20 Td (not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 177.20 Td (accurately ) Tj ET Q q 0 0 0 rg BT 92.92 177.20 Td (reflect ) Tj ET Q q 0 0 0 rg BT 120.79 177.20 Td (actual ) Tj ET Q q 0 0 0 rg BT 147.00 177.20 Td (outcomes. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.00 177.20 Td (The ) Tj ET Q q 0 0 0 rg BT 207.88 177.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 249.11 177.20 Td (has ) Tj ET Q q 0 0 0 rg BT 264.78 177.20 Td (a ) Tj ET Q q 0 0 0 rg BT 271.55 177.20 Td (policy ) Tj ET Q q 0 0 0 rg BT 298.89 177.20 Td (to ) Tj ET Q q 0 0 0 rg BT 309.00 177.20 Td (classify ) Tj ET Q q 0 0 0 rg BT 341.89 177.20 Td (accrued ) Tj ET Q q 0 0 0 rg BT 375.31 177.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 407.08 177.20 Td (and ) Tj ET Q q 0 0 0 rg BT 423.86 177.20 Td (penalties ) Tj ET Q q 0 0 0 rg BT 461.74 177.20 Td (associated ) Tj ET Q q 0 0 0 rg BT 505.18 177.20 Td (with ) Tj ET Q q 0 0 0 rg BT 525.29 177.20 Td (uncertain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 165.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 63.89 165.20 Td (positions ) Tj ET Q q 0 0 0 rg BT 102.19 165.20 Td (together ) Tj ET Q q 0 0 0 rg BT 137.13 165.20 Td (with ) Tj ET Q q 0 0 0 rg BT 157.09 165.20 Td (the ) Tj ET Q q 0 0 0 rg BT 171.48 165.20 Td (related ) Tj ET Q q 0 0 0 rg BT 200.86 165.20 Td (liability) Tj ET Q q 0 0 0 rg BT 231.32 165.20 Td (, ) Tj ET Q q 0 0 0 rg BT 236.00 165.20 Td (and ) Tj ET Q q 0 0 0 rg BT 252.62 165.20 Td (the ) Tj ET Q q 0 0 0 rg BT 267.01 165.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 305.29 165.20 Td (incurred ) Tj ET Q q 0 0 0 rg BT 340.78 165.20 Td (related ) Tj ET Q q 0 0 0 rg BT 370.16 165.20 Td (to ) Tj ET Q q 0 0 0 rg BT 380.12 165.20 Td (such ) Tj ET Q q 0 0 0 rg BT 400.62 165.20 Td (accruals ) Tj ET Q q 0 0 0 rg BT 435.55 165.20 Td (are ) Tj ET Q q 0 0 0 rg BT 449.94 165.20 Td (included ) Tj ET Q q 0 0 0 rg BT 486.55 165.20 Td (in ) Tj ET Q q 0 0 0 rg BT 496.51 165.20 Td (the ) Tj ET Q q 0 0 0 rg BT 510.90 165.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 550.86 165.20 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 153.20 Td (income ) Tj ET Q q 0 0 0 rg BT 81.43 153.20 Td (taxes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 127.20 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 127.89 127.20 Td (Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 110.20 Td (Comprehensive income consists of net income and other comprehensive gain \(loss\). Other comprehensive gain \(loss\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 98.20 Td (includes certain changes in equity that are excluded from net income, specifically unrealized gains and losses on available-for) Tj ET Q q 0 0 0 rg BT 552.44 98.20 Td (-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 86.20 Td (sale investments. ) Tj ET Q q 0 0 0 rg BT 120.14 86.20 Td (There were no reclassifications out of accumulated other comprehensive income \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.22 86.20 Td (AOCI) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.66 86.20 Td (\) that af) Tj ET Q q 0 0 0 rg BT 512.01 86.20 Td (fected net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 74.20 Td (income during the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.76 74.20 Td (years ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.82 74.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.32 74.20 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.32 74.20 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.76 74.20 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.76 74.20 Td (.) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (59) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 740.25 Td (Geographical ) Tj ET Q q 0 0 0 rg BT 120.11 740.25 Td (Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 723.85 Td (The ) Tj ET Q q 0 0 0 rg BT 91.27 723.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.38 723.85 Td (is ) Tj ET Q q 0 0 0 rg BT 143.27 723.85 Td (domiciled ) Tj ET Q q 0 0 0 rg BT 186.48 723.85 Td (in ) Tj ET Q q 0 0 0 rg BT 197.48 723.85 Td (the ) Tj ET Q q 0 0 0 rg BT 212.92 723.85 Td (United ) Tj ET Q q 0 0 0 rg BT 243.36 723.85 Td (States ) Tj ET Q q 0 0 0 rg BT 270.47 723.85 Td (and ) Tj ET Q q 0 0 0 rg BT 288.13 723.85 Td (had ) Tj ET Q q 0 0 0 rg BT 305.79 723.85 Td (no ) Tj ET Q q 0 0 0 rg BT 319.01 723.85 Td (international ) Tj ET Q q 0 0 0 rg BT 372.77 723.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 417.64 723.85 Td (or ) Tj ET Q q 0 0 0 rg BT 429.20 723.85 Td (sales ) Tj ET Q q 0 0 0 rg BT 451.86 723.85 Td (to ) Tj ET Q q 0 0 0 rg BT 462.86 723.85 Td (customers ) Tj ET Q q 0 0 0 rg BT 506.62 723.85 Td (outside ) Tj ET Q q 0 0 0 rg BT 538.73 723.85 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 723.85 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 711.85 Td (United ) Tj ET Q q 0 0 0 rg BT 79.22 711.85 Td (States ) Tj ET Q q 0 0 0 rg BT 105.60 711.85 Td (for ) Tj ET Q q 0 0 0 rg BT 119.76 711.85 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.48 711.85 Td (years ) Tj ET Q q 0 0 0 rg BT 158.08 711.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 184.46 711.85 Td (December ) Tj ET Q q 0 0 0 rg BT 228.04 711.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 243.04 711.85 Td (2013, ) Tj ET Q q 0 0 0 rg BT 268.04 711.85 Td (2012 ) Tj ET Q q 0 0 0 rg BT 290.54 711.85 Td (and ) Tj ET Q q 0 0 0 rg BT 307.48 711.85 Td (201) Tj ET Q q 0 0 0 rg BT 322.11 711.85 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.11 711.85 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 685.85 Td (Recent ) Tj ET Q q 0 0 0 rg BT 91.95 685.85 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 142.24 685.85 Td (Pronouncements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 668.85 Td (In July 2013, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.22 668.85 Td (F) Tj ET Q q 0 0 0 rg BT 148.04 668.85 Td (ASB) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.49 668.85 Td ( issued ) Tj ET Q q 0 0 0 rg BT 196.94 668.85 Td (Accounting Standards Update No. 2013-1) Tj ET Q q 0 0 0 rg BT 364.59 668.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 374.41 668.85 Td (T) Tj ET Q q 0 0 0 rg BT 379.82 668.85 Td (opic 740 - Income ) Tj ET Q q 0 0 0 rg BT 455.17 668.85 Td (T) Tj ET Q q 0 0 0 rg BT 460.58 668.85 Td (axes \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.62 668.85 Td (ASU 2013-1) Tj ET Q q 0 0 0 rg BT 539.08 668.85 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.08 668.85 Td (\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 656.85 Td (which provides guidance to improve the presentation of an unrecognized benefit when a net operating loss carryforward, a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.85 Td (similar tax loss, or a tax credit carryforward exists. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.71 644.85 Td (ASU 2013-1) Tj ET Q q 0 0 0 rg BT 305.18 644.85 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.18 644.85 Td ( is ef) Tj ET Q q 0 0 0 rg BT 329.44 644.85 Td (fective for fiscal years, and interim periods within those ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.85 Td (years, beginning after December 15, 2013. ) Tj ET Q q 0 0 0 rg BT 222.31 632.85 Td (W) Tj ET Q q 0 0 0 rg BT 230.95 632.85 Td (e intend to adopt this standard in the first fiscal quarter of 2014 and do not expect ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 620.85 Td (the adoption will have a material impact on our consolidated financial statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 594.85 Td (NOTE ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.34 594.85 Td (3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.34 594.85 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 95.34 594.85 Td (Net ) Tj ET Q q 0 0 0 rg BT 112.83 594.85 Td (Income ) Tj ET Q q 0 0 0 rg BT 146.99 594.85 Td (Per) Tj ET Q q 0 0 0 rg BT 161.79 594.85 Td ( ) Tj ET Q q 0 0 0 rg BT 164.29 594.85 Td (Shar) Tj ET Q q 0 0 0 rg BT 184.68 594.85 Td (e ) Tj ET Q q 0 0 0 rg BT 191.61 594.85 Td (of ) Tj ET Q q 0 0 0 rg BT 202.44 594.85 Td (Common ) Tj ET Q q 0 0 0 rg BT 244.39 594.85 Td (Stock) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 268.28 594.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 577.85 Td (Net ) Tj ET Q q 0 0 0 rg BT 90.91 577.85 Td (income ) Tj ET Q q 0 0 0 rg BT 123.31 577.85 Td (per ) Tj ET Q q 0 0 0 rg BT 139.04 577.85 Td (share ) Tj ET Q q 0 0 0 rg BT 163.11 577.85 Td (of ) Tj ET Q q 0 0 0 rg BT 174.41 577.85 Td (common ) Tj ET Q q 0 0 0 rg BT 212.37 577.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 236.45 577.85 Td (is ) Tj ET Q q 0 0 0 rg BT 246.08 577.85 Td (calculated ) Tj ET Q q 0 0 0 rg BT 289.58 577.85 Td (by ) Tj ET Q q 0 0 0 rg BT 302.55 577.85 Td (dividing ) Tj ET Q q 0 0 0 rg BT 338.85 577.85 Td (net ) Tj ET Q q 0 0 0 rg BT 354.04 577.85 Td (income ) Tj ET Q q 0 0 0 rg BT 386.44 577.85 Td (by ) Tj ET Q q 0 0 0 rg BT 399.40 577.85 Td (the ) Tj ET Q q 0 0 0 rg BT 414.59 577.85 Td (weighted ) Tj ET Q q 0 0 0 rg BT 454.21 577.85 Td (average ) Tj ET Q q 0 0 0 rg BT 488.26 577.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 516.22 577.85 Td (of ) Tj ET Q q 0 0 0 rg BT 527.52 577.85 Td (common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 565.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.33 565.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 122.73 565.85 Td (during ) Tj ET Q q 0 0 0 rg BT 151.56 565.85 Td (the ) Tj ET Q q 0 0 0 rg BT 166.50 565.85 Td (period. ) Tj ET Q q 0 0 0 rg BT 197.28 565.85 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 230.00 565.85 Td (net ) Tj ET Q q 0 0 0 rg BT 244.94 565.85 Td (income ) Tj ET Q q 0 0 0 rg BT 277.10 565.85 Td (per ) Tj ET Q q 0 0 0 rg BT 292.59 565.85 Td (share ) Tj ET Q q 0 0 0 rg BT 316.42 565.85 Td (of ) Tj ET Q q 0 0 0 rg BT 327.48 565.85 Td (common ) Tj ET Q q 0 0 0 rg BT 365.20 565.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 389.03 565.85 Td (is ) Tj ET Q q 0 0 0 rg BT 398.43 565.85 Td (calculated ) Tj ET Q q 0 0 0 rg BT 441.68 565.85 Td (by ) Tj ET Q q 0 0 0 rg BT 454.41 565.85 Td (dividing ) Tj ET Q q 0 0 0 rg BT 490.47 565.85 Td (net ) Tj ET Q q 0 0 0 rg BT 505.41 565.85 Td (income ) Tj ET Q q 0 0 0 rg BT 537.57 565.85 Td (by ) Tj ET Q q 0 0 0 rg BT 550.30 565.85 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 553.85 Td (weighted ) Tj ET Q q 0 0 0 rg BT 88.71 553.85 Td (average ) Tj ET Q q 0 0 0 rg BT 122.35 553.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 149.89 553.85 Td (of ) Tj ET Q q 0 0 0 rg BT 160.77 553.85 Td (common ) Tj ET Q q 0 0 0 rg BT 198.32 553.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 221.99 553.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 271.20 553.85 Td (and ) Tj ET Q q 0 0 0 rg BT 288.20 553.85 Td (potential ) Tj ET Q q 0 0 0 rg BT 325.74 553.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 353.28 553.85 Td (of ) Tj ET Q q 0 0 0 rg BT 364.17 553.85 Td (common ) Tj ET Q q 0 0 0 rg BT 401.72 553.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 425.38 553.85 Td (during ) Tj ET Q q 0 0 0 rg BT 454.04 553.85 Td (the ) Tj ET Q q 0 0 0 rg BT 468.81 553.85 Td (period. ) Tj ET Q q 0 0 0 rg BT 499.41 553.85 Td (Potential ) Tj ET Q q 0 0 0 rg BT 537.52 553.85 Td (shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 541.85 Td (of ) Tj ET Q q 0 0 0 rg BT 61.40 541.85 Td (common ) Tj ET Q q 0 0 0 rg BT 99.96 541.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 124.63 541.85 Td (include ) Tj ET Q q 0 0 0 rg BT 157.63 541.85 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 191.75 541.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 220.31 541.85 Td (attributable ) Tj ET Q q 0 0 0 rg BT 269.41 541.85 Td (to ) Tj ET Q q 0 0 0 rg BT 280.76 541.85 Td (the ) Tj ET Q q 0 0 0 rg BT 296.54 541.85 Td (assumed ) Tj ET Q q 0 0 0 rg BT 334.55 541.85 Td (exercise ) Tj ET Q q 0 0 0 rg BT 370.87 541.85 Td (of ) Tj ET Q q 0 0 0 rg BT 382.77 541.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 407.44 541.85 Td (options, ) Tj ET Q q 0 0 0 rg BT 442.96 541.85 Td (warrants ) Tj ET Q q 0 0 0 rg BT 480.95 541.85 Td (and ) Tj ET Q q 0 0 0 rg BT 498.96 541.85 Td (employee ) Tj ET Q q 0 0 0 rg BT 541.40 541.85 Td (stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 529.85 Td (purchase ) Tj ET Q q 0 0 0 rg BT 87.54 529.85 Td (plan ) Tj ET Q q 0 0 0 rg BT 107.25 529.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 134.74 529.85 Td (using ) Tj ET Q q 0 0 0 rg BT 158.91 529.85 Td (the ) Tj ET Q q 0 0 0 rg BT 173.63 529.85 Td (treasury ) Tj ET Q q 0 0 0 rg BT 208.34 529.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 231.95 529.85 Td (method, ) Tj ET Q q 0 0 0 rg BT 266.94 529.85 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.88 529.85 Td (RSUs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.22 529.85 Td (, ) Tj ET Q q 0 0 0 rg BT 312.22 529.85 Td (if ) Tj ET Q q 0 0 0 rg BT 320.83 529.85 Td (dilutive.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 508.85 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 508.85 Td (components ) Tj ET Q q 0 0 0 rg BT 142.37 508.85 Td (of ) Tj ET Q q 0 0 0 rg BT 153.20 508.85 Td (net ) Tj ET Q q 0 0 0 rg BT 167.92 508.85 Td (income ) Tj ET Q q 0 0 0 rg BT 199.85 508.85 Td (per ) Tj ET Q q 0 0 0 rg BT 215.12 508.85 Td (share ) Tj ET Q q 0 0 0 rg BT 238.72 508.85 Td (of ) Tj ET Q q 0 0 0 rg BT 249.55 508.85 Td (common ) Tj ET Q q 0 0 0 rg BT 287.04 508.85 Td (stock ) Tj ET Q q 0 0 0 rg BT 310.65 508.85 Td (were ) Tj ET Q q 0 0 0 rg BT 332.58 508.85 Td (as ) Tj ET Q q 0 0 0 rg BT 343.41 508.85 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 439.35 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 439.35 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 439.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 439.35 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 439.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 439.35 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 409.35 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 409.35 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 409.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 409.35 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 409.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 409.35 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 379.35 283.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 379.35 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 379.35 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 379.35 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 379.35 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 379.35 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 339.35 283.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 339.35 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 339.35 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 339.35 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 339.35 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 339.35 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 289.35 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 289.35 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 289.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 289.35 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 289.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 289.35 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 259.35 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 259.35 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 259.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 259.35 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 259.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 259.35 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 483.35 m 386 483.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 483.35 m 390 483.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 483.35 m 443 483.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 483.35 m 447 483.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 483.35 m 500 483.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 468.35 m 386 468.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 468.35 m 443 468.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 483.35 m 500 483.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 468.35 m 500 468.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 425.35 m 386 425.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 423.35 m 386 423.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 425.35 m 443 425.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 423.35 m 443 423.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 425.35 m 500 425.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 423.35 m 500 423.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 395.35 m 386 395.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 393.35 m 386 393.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 395.35 m 443 395.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 393.35 m 443 393.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 395.35 m 500 395.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 393.35 m 500 393.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 314.35 m 386 314.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 314.35 m 443 314.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 314.35 m 500 314.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 290.35 m 386 290.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 288.35 m 386 288.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 290.35 m 443 290.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 288.35 m 443 288.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 314.35 m 500 314.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 290.35 m 500 290.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 288.35 m 500 288.35 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 488.02 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.00 488.02 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 372.60 487.58 Td (Year ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 473.02 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.00 473.02 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.00 472.58 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.00 472.58 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.20 472.58 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 443.60 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 345.40 459.58 Td (\(in thousands, except shar) Tj ET Q q 0 0 0 rg BT 434.16 459.58 Td (e and per) Tj ET Q q 0 0 0 rg BT 466.01 459.58 Td ( shar) Tj ET Q q 0 0 0 rg BT 482.98 459.58 Td (e ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 399.95 451.58 Td (amounts\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 429.92 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.50 429.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.65 429.02 Td (12,576) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 429.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 429.02 Td (19,464) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 429.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 429.02 Td (3,620) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 414.92 Td (Basic shares:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 399.92 Td (Weighted average common shares outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.60 398.81 Td (26,581,962) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.60 398.81 Td (23,523,222) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.60 398.81 Td (15,618,053) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 384.92 Td (Diluted shares:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 369.92 Td (Weighted average shares used to compute basic net income per) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 359.92 Td (share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.60 358.81 Td (26,581,962) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.60 358.81 Td (23,523,222) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.60 358.81 Td (15,618,053) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 344.92 Td (Effect of potentially dilutive securities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 329.92 Td (Employee stock options, RSUs, Performance Awards and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 319.92 Td (ESPP shares) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.10 318.81 Td (1,920,441) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.10 318.81 Td (2,013,970) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.10 318.81 Td (5,031,398) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 304.92 Td (Weighted average shares used to compute diluted net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 294.92 Td (per share) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.60 293.81 Td (28,502,403) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 398.60 293.81 Td (25,537,192) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.60 293.81 Td (20,649,451) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 279.92 Td (Net income per share:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 264.92 Td (Basic) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.50 264.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.65 264.02 Td (0.47) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 264.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 264.02 Td (0.83) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 264.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 264.02 Td (0.23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 249.92 Td (Diluted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.50 249.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.65 249.02 Td (0.44) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.50 249.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 249.02 Td (0.76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.50 249.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.65 249.02 Td (0.18) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 223.85 Td (The ) Tj ET Q q 0 0 0 rg BT 91.22 223.85 Td (following ) Tj ET Q q 0 0 0 rg BT 132.28 223.85 Td (potential ) Tj ET Q q 0 0 0 rg BT 169.44 223.85 Td (common ) Tj ET Q q 0 0 0 rg BT 206.61 223.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 233.77 223.85 Td (were ) Tj ET Q q 0 0 0 rg BT 255.37 223.85 Td (excluded ) Tj ET Q q 0 0 0 rg BT 293.63 223.85 Td (from ) Tj ET Q q 0 0 0 rg BT 315.25 223.85 Td (the ) Tj ET Q q 0 0 0 rg BT 329.63 223.85 Td (computation ) Tj ET Q q 0 0 0 rg BT 381.80 223.85 Td (of ) Tj ET Q q 0 0 0 rg BT 392.30 223.85 Td (diluted ) Tj ET Q q 0 0 0 rg BT 422.24 223.85 Td (net ) Tj ET Q q 0 0 0 rg BT 436.63 223.85 Td (income ) Tj ET Q q 0 0 0 rg BT 468.24 223.85 Td (per ) Tj ET Q q 0 0 0 rg BT 483.18 223.85 Td (share, ) Tj ET Q q 0 0 0 rg BT 508.95 223.85 Td (as ) Tj ET Q q 0 0 0 rg BT 519.45 223.85 Td (their ) Tj ET Q q 0 0 0 rg BT 539.95 223.85 Td (ef) Tj ET Q q 0 0 0 rg BT 547.54 223.85 Td (fect ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 211.85 Td (would ) Tj ET Q q 0 0 0 rg BT 77.00 211.85 Td (have ) Tj ET Q q 0 0 0 rg BT 98.38 211.85 Td (been ) Tj ET Q q 0 0 0 rg BT 119.75 211.85 Td (anti-dilutive:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 171.35 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 171.35 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 171.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.00 171.35 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 171.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 171.35 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 186.35000000000002 m 386 186.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 186.35000000000002 m 390 186.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 186.35000000000002 m 443 186.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 186.35000000000002 m 447 186.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 186.35000000000002 m 500 186.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 186.35000000000002 m 386 186.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 171.35000000000002 m 386 171.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 186.35000000000002 m 390 186.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 186.35000000000002 m 443 186.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 171.35000000000002 m 443 171.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 186.35000000000002 m 500 186.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 171.35000000000002 m 500 171.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 171.35000000000002 m 386 171.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390 171.35000000000002 m 443 171.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 171.35000000000002 m 500 171.35000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 191.02 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.00 191.02 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.90 190.58 Td (Twelve months ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 176.02 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.00 176.02 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.00 175.58 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.00 175.58 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.20 175.58 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 161.92 Td (Employee stock options and awards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.60 161.02 Td (758,900) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.60 161.02 Td (252,462) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.10 161.02 Td (1,128,632) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 135.85 Td (Performance-based ) Tj ET Q q 0 0 0 rg BT 153.92 135.85 Td (awards ) Tj ET Q q 0 0 0 rg BT 185.49 135.85 Td (are ) Tj ET Q q 0 0 0 rg BT 200.94 135.85 Td (included ) Tj ET Q q 0 0 0 rg BT 238.61 135.85 Td (in ) Tj ET Q q 0 0 0 rg BT 249.63 135.85 Td (the ) Tj ET Q q 0 0 0 rg BT 265.09 135.85 Td (diluted ) Tj ET Q q 0 0 0 rg BT 296.11 135.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 324.34 135.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 374.25 135.85 Td (for ) Tj ET Q q 0 0 0 rg BT 389.15 135.85 Td (each ) Tj ET Q q 0 0 0 rg BT 410.71 135.85 Td (period ) Tj ET Q q 0 0 0 rg BT 439.50 135.85 Td (if ) Tj ET Q q 0 0 0 rg BT 448.85 135.85 Td (the ) Tj ET Q q 0 0 0 rg BT 464.31 135.85 Td (established ) Tj ET Q q 0 0 0 rg BT 511.98 135.85 Td (performance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 123.85 Td (criteria ) Tj ET Q q 0 0 0 rg BT 80.44 123.85 Td (have ) Tj ET Q q 0 0 0 rg BT 101.96 123.85 Td (been ) Tj ET Q q 0 0 0 rg BT 123.47 123.85 Td (met ) Tj ET Q q 0 0 0 rg BT 141.10 123.85 Td (at ) Tj ET Q q 0 0 0 rg BT 150.95 123.85 Td (the ) Tj ET Q q 0 0 0 rg BT 165.80 123.85 Td (end ) Tj ET Q q 0 0 0 rg BT 182.87 123.85 Td (of ) Tj ET Q q 0 0 0 rg BT 193.84 123.85 Td (the ) Tj ET Q q 0 0 0 rg BT 208.69 123.85 Td (respective ) Tj ET Q q 0 0 0 rg BT 251.85 123.85 Td (periods. ) Tj ET Q q 0 0 0 rg BT 286.43 123.85 Td (However) Tj ET Q q 0 0 0 rg BT 322.68 123.85 Td (, ) Tj ET Q q 0 0 0 rg BT 327.81 123.85 Td (if ) Tj ET Q q 0 0 0 rg BT 336.55 123.85 Td (none ) Tj ET Q q 0 0 0 rg BT 358.63 123.85 Td (of ) Tj ET Q q 0 0 0 rg BT 369.59 123.85 Td (the ) Tj ET Q q 0 0 0 rg BT 384.44 123.85 Td (required ) Tj ET Q q 0 0 0 rg BT 420.39 123.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 473.55 123.85 Td (criteria ) Tj ET Q q 0 0 0 rg BT 504.49 123.85 Td (have ) Tj ET Q q 0 0 0 rg BT 526.00 123.85 Td (been ) Tj ET Q q 0 0 0 rg BT 547.52 123.85 Td (met ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 111.85 Td (for ) Tj ET Q q 0 0 0 rg BT 64.02 111.85 Td (such ) Tj ET Q q 0 0 0 rg BT 85.21 111.85 Td (awards, ) Tj ET Q q 0 0 0 rg BT 118.88 111.85 Td (the ) Tj ET Q q 0 0 0 rg BT 133.96 111.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 175.70 111.85 Td (includes ) Tj ET Q q 0 0 0 rg BT 211.89 111.85 Td (the ) Tj ET Q q 0 0 0 rg BT 226.96 111.85 Td (number ) Tj ET Q q 0 0 0 rg BT 260.37 111.85 Td (of ) Tj ET Q q 0 0 0 rg BT 271.55 111.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 299.40 111.85 Td (that ) Tj ET Q q 0 0 0 rg BT 317.26 111.85 Td (would ) Tj ET Q q 0 0 0 rg BT 345.11 111.85 Td (be ) Tj ET Q q 0 0 0 rg BT 357.41 111.85 Td (issuable ) Tj ET Q q 0 0 0 rg BT 392.48 111.85 Td (if ) Tj ET Q q 0 0 0 rg BT 401.45 111.85 Td (the ) Tj ET Q q 0 0 0 rg BT 416.53 111.85 Td (end ) Tj ET Q q 0 0 0 rg BT 433.82 111.85 Td (of ) Tj ET Q q 0 0 0 rg BT 445.01 111.85 Td (the ) Tj ET Q q 0 0 0 rg BT 460.08 111.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 499.60 111.85 Td (period ) Tj ET Q q 0 0 0 rg BT 528.00 111.85 Td (were ) Tj ET Q q 0 0 0 rg BT 550.29 111.85 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 99.85 Td (end ) Tj ET Q q 0 0 0 rg BT 67.01 99.85 Td (of ) Tj ET Q q 0 0 0 rg BT 78.42 99.85 Td (the ) Tj ET Q q 0 0 0 rg BT 93.71 99.85 Td (contingency ) Tj ET Q q 0 0 0 rg BT 145.65 99.85 Td (period. ) Tj ET Q q 0 0 0 rg BT 176.09 99.85 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 225.43 99.85 Td (, ) Tj ET Q q 0 0 0 rg BT 231.00 99.85 Td (in ) Tj ET Q q 0 0 0 rg BT 241.86 99.85 Td (addition ) Tj ET Q q 0 0 0 rg BT 277.70 99.85 Td (to ) Tj ET Q q 0 0 0 rg BT 288.56 99.85 Td (the ) Tj ET Q q 0 0 0 rg BT 303.85 99.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 331.91 99.85 Td (noted ) Tj ET Q q 0 0 0 rg BT 357.20 99.85 Td (above, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.65 99.85 Td (0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.65 99.85 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.23 99.85 Td (588,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.73 99.85 Td ( ) Tj ET Q q 0 0 0 rg BT 432.80 99.85 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.31 99.85 Td (583,333) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.81 99.85 Td ( ) Tj ET Q q 0 0 0 rg BT 485.88 99.85 Td (performance-based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 87.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 76.99 87.85 Td (were ) Tj ET Q q 0 0 0 rg BT 98.92 87.85 Td (excluded ) Tj ET Q q 0 0 0 rg BT 137.51 87.85 Td (from ) Tj ET Q q 0 0 0 rg BT 159.45 87.85 Td (the ) Tj ET Q q 0 0 0 rg BT 174.17 87.85 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 207.22 87.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 234.71 87.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 283.88 87.85 Td (for ) Tj ET Q q 0 0 0 rg BT 298.04 87.85 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.75 87.85 Td (years ) Tj ET Q q 0 0 0 rg BT 336.35 87.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 362.73 87.85 Td (December ) Tj ET Q q 0 0 0 rg BT 406.31 87.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 421.31 87.85 Td (2013, ) Tj ET Q q 0 0 0 rg BT 446.31 87.85 Td (2012 ) Tj ET Q q 0 0 0 rg BT 468.81 87.85 Td (and ) Tj ET Q q 0 0 0 rg BT 485.75 87.85 Td (201) Tj ET Q q 0 0 0 rg BT 500.38 87.85 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.38 87.85 Td (, ) Tj ET Q q 0 0 0 rg BT 510.38 87.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 558.04 87.85 Td (.) Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (60) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 726.25 Td (NOTE ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.34 726.25 Td (4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.34 726.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 95.34 726.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 137.84 726.25 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 192.57 726.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.19 726.25 Td (Fair) Tj ET Q q 0 0 0 rg BT 229.34 726.25 Td ( ) Tj ET Q q 0 0 0 rg BT 231.66 726.25 Td (V) Tj ET Q q 0 0 0 rg BT 237.96 726.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 258.24 726.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 290.83 726.25 Td (ements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 320.82 726.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 705.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 92.66 705.25 Td (value ) Tj ET Q q 0 0 0 rg BT 117.38 705.25 Td (is ) Tj ET Q q 0 0 0 rg BT 127.10 705.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 160.14 705.25 Td (as ) Tj ET Q q 0 0 0 rg BT 171.53 705.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.80 705.25 Td (price ) Tj ET Q q 0 0 0 rg BT 209.84 705.25 Td (that ) Tj ET Q q 0 0 0 rg BT 227.89 705.25 Td (would ) Tj ET Q q 0 0 0 rg BT 255.95 705.25 Td (be ) Tj ET Q q 0 0 0 rg BT 268.44 705.25 Td (received ) Tj ET Q q 0 0 0 rg BT 305.36 705.25 Td (from ) Tj ET Q q 0 0 0 rg BT 327.85 705.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 357.57 705.25 Td (an ) Tj ET Q q 0 0 0 rg BT 370.07 705.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 392.56 705.25 Td (or ) Tj ET Q q 0 0 0 rg BT 403.95 705.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 424.22 705.25 Td (to ) Tj ET Q q 0 0 0 rg BT 435.05 705.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 468.65 705.25 Td (a ) Tj ET Q q 0 0 0 rg BT 476.14 705.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 510.31 705.25 Td (in ) Tj ET Q q 0 0 0 rg BT 521.14 705.25 Td (an ) Tj ET Q q 0 0 0 rg BT 533.63 705.25 Td (orderly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 693.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 95.86 693.25 Td (between ) Tj ET Q q 0 0 0 rg BT 131.67 693.25 Td (market ) Tj ET Q q 0 0 0 rg BT 161.93 693.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 211.07 693.25 Td (at ) Tj ET Q q 0 0 0 rg BT 220.78 693.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.49 693.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 291.29 693.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 312.94 693.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 331.54 693.25 Td (value ) Tj ET Q q 0 0 0 rg BT 355.69 693.25 Td (measurements ) Tj ET Q q 0 0 0 rg BT 415.39 693.25 Td (are ) Tj ET Q q 0 0 0 rg BT 430.09 693.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 470.34 693.25 Td (and ) Tj ET Q q 0 0 0 rg BT 487.27 693.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 526.98 693.25 Td (in ) Tj ET Q q 0 0 0 rg BT 537.25 693.25 Td (one ) Tj ET Q q 0 0 0 rg BT 554.19 693.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 681.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 681.25 Td (following ) Tj ET Q q 0 0 0 rg BT 105.60 681.25 Td (three ) Tj ET Q q 0 0 0 rg BT 128.09 681.25 Td (categories:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 660.25 Td (Level1 ) Tj ET Q q 0 0 0 rg BT 114.76 660.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.26 660.25 Td ( ) Tj ET Q q 0 0 0 rg BT 119.76 660.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.26 660.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.58 660.25 Td (V) Tj ET Q q 0 0 0 rg BT 130.70 660.25 Td (aluations ) Tj ET Q q 0 0 0 rg BT 169.30 660.25 Td (based ) Tj ET Q q 0 0 0 rg BT 194.57 660.25 Td (on ) Tj ET Q q 0 0 0 rg BT 207.07 660.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 236.79 660.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 263.16 660.25 Td (in ) Tj ET Q q 0 0 0 rg BT 273.44 660.25 Td (active ) Tj ET Q q 0 0 0 rg BT 299.81 660.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 333.97 660.25 Td (for ) Tj ET Q q 0 0 0 rg BT 348.13 660.25 Td (identical ) Tj ET Q q 0 0 0 rg BT 385.06 660.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 410.89 660.25 Td (or ) Tj ET Q q 0 0 0 rg BT 421.72 660.25 Td (liabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 639.25 Td (Level2 ) Tj ET Q q 0 0 0 rg BT 114.58 639.25 Td ( ) Tj ET Q q 0 0 0 rg BT 116.89 639.25 Td ( ) Tj ET Q q 0 0 0 rg BT 119.21 639.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.52 639.25 Td ( ) Tj ET Q q 0 0 0 rg BT 123.67 639.25 Td (V) Tj ET Q q 0 0 0 rg BT 129.78 639.25 Td (aluations ) Tj ET Q q 0 0 0 rg BT 168.20 639.25 Td (based ) Tj ET Q q 0 0 0 rg BT 193.28 639.25 Td (on ) Tj ET Q q 0 0 0 rg BT 205.60 639.25 Td (other ) Tj ET Q q 0 0 0 rg BT 228.46 639.25 Td (than ) Tj ET Q q 0 0 0 rg BT 247.99 639.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 277.52 639.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 303.71 639.25 Td (in ) Tj ET Q q 0 0 0 rg BT 313.81 639.25 Td (active ) Tj ET Q q 0 0 0 rg BT 339.99 639.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 373.96 639.25 Td (for ) Tj ET Q q 0 0 0 rg BT 387.94 639.25 Td (identical ) Tj ET Q q 0 0 0 rg BT 424.68 639.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 450.32 639.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.08 639.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 509.11 639.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 538.64 639.25 Td (prices ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 627.25 Td (for ) Tj ET Q q 0 0 0 rg BT 86.13 627.25 Td (identical ) Tj ET Q q 0 0 0 rg BT 123.02 627.25 Td (or ) Tj ET Q q 0 0 0 rg BT 133.81 627.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 164.05 627.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 189.85 627.25 Td (or ) Tj ET Q q 0 0 0 rg BT 200.64 627.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 240.32 627.25 Td (in ) Tj ET Q q 0 0 0 rg BT 250.57 627.25 Td (inactive ) Tj ET Q q 0 0 0 rg BT 284.68 627.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 321.30 627.25 Td (or ) Tj ET Q q 0 0 0 rg BT 332.10 627.25 Td (other ) Tj ET Q q 0 0 0 rg BT 355.11 627.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 382.02 627.25 Td (that ) Tj ET Q q 0 0 0 rg BT 399.48 627.25 Td (are ) Tj ET Q q 0 0 0 rg BT 414.15 627.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 459.93 627.25 Td (or ) Tj ET Q q 0 0 0 rg BT 470.73 627.25 Td (can ) Tj ET Q q 0 0 0 rg BT 487.07 627.25 Td (be ) Tj ET Q q 0 0 0 rg BT 498.97 627.25 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 552.52 627.25 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 615.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 117.82 615.25 Td (market ) Tj ET Q q 0 0 0 rg BT 148.08 615.25 Td (data ) Tj ET Q q 0 0 0 rg BT 167.23 615.25 Td (for ) Tj ET Q q 0 0 0 rg BT 181.39 615.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 234.45 615.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.16 615.25 Td (full ) Tj ET Q q 0 0 0 rg BT 265.55 615.25 Td (term ) Tj ET Q q 0 0 0 rg BT 286.38 615.25 Td (of ) Tj ET Q q 0 0 0 rg BT 297.21 615.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.92 615.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 337.75 615.25 Td (or ) Tj ET Q q 0 0 0 rg BT 348.58 615.25 Td (liabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 594.25 Td (Level3 ) Tj ET Q q 0 0 0 rg BT 115.32 594.25 Td ( ) Tj ET Q q 0 0 0 rg BT 118.38 594.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.44 594.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.50 594.25 Td ( ) Tj ET Q q 0 0 0 rg BT 127.33 594.25 Td (V) Tj ET Q q 0 0 0 rg BT 133.45 594.25 Td (aluations ) Tj ET Q q 0 0 0 rg BT 172.61 594.25 Td (based ) Tj ET Q q 0 0 0 rg BT 198.43 594.25 Td (on ) Tj ET Q q 0 0 0 rg BT 211.49 594.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 239.00 594.25 Td (that ) Tj ET Q q 0 0 0 rg BT 257.05 594.25 Td (are ) Tj ET Q q 0 0 0 rg BT 272.32 594.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 312.58 594.25 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 368.95 594.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.45 594.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 424.50 594.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 453.09 594.25 Td (management) Tj ET Q q 0 0 0 rg BT 506.95 594.25 Td (s ) Tj ET Q q 0 0 0 rg BT 513.90 594.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 554.17 594.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 582.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 123.95 582.25 Td (that ) Tj ET Q q 0 0 0 rg BT 141.44 582.25 Td (market ) Tj ET Q q 0 0 0 rg BT 171.71 582.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 220.86 582.25 Td (would ) Tj ET Q q 0 0 0 rg BT 248.36 582.25 Td (use ) Tj ET Q q 0 0 0 rg BT 264.19 582.25 Td (in ) Tj ET Q q 0 0 0 rg BT 274.47 582.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 305.29 582.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.01 582.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 345.84 582.25 Td (or ) Tj ET Q q 0 0 0 rg BT 356.67 582.25 Td (liabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 561.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.78 561.25 Td (following ) Tj ET Q q 0 0 0 rg BT 133.40 561.25 Td (tables ) Tj ET Q q 0 0 0 rg BT 159.45 561.25 Td (set ) Tj ET Q q 0 0 0 rg BT 173.29 561.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 195.47 561.25 Td (by ) Tj ET Q q 0 0 0 rg BT 208.20 561.25 Td (level ) Tj ET Q q 0 0 0 rg BT 230.36 561.25 Td (within ) Tj ET Q q 0 0 0 rg BT 258.65 561.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.60 561.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 290.21 561.25 Td (value ) Tj ET Q q 0 0 0 rg BT 314.60 561.25 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 355.08 561.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.03 561.25 Td (Company) Tj ET Q q 0 0 0 rg BT 411.70 561.25 Td (s ) Tj ET Q q 0 0 0 rg BT 418.32 561.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 456.03 561.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 482.09 561.25 Td (that ) Tj ET Q q 0 0 0 rg BT 499.82 561.25 Td (were ) Tj ET Q q 0 0 0 rg BT 521.98 561.25 Td (accounted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 549.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 549.25 Td (at ) Tj ET Q q 0 0 0 rg BT 73.38 549.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 89.75 549.25 Td (value ) Tj ET Q q 0 0 0 rg BT 113.91 549.25 Td (on ) Tj ET Q q 0 0 0 rg BT 126.41 549.25 Td (a ) Tj ET Q q 0 0 0 rg BT 133.35 549.25 Td (recurring ) Tj ET Q q 0 0 0 rg BT 172.49 549.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 197.49 549.25 Td (according ) Tj ET Q q 0 0 0 rg BT 239.42 549.25 Td (to ) Tj ET Q q 0 0 0 rg BT 249.70 549.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.41 549.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 304.12 549.25 Td (techniques ) Tj ET Q q 0 0 0 rg BT 349.39 549.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.10 549.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 405.49 549.25 Td (used ) Tj ET Q q 0 0 0 rg BT 426.32 549.25 Td (to ) Tj ET Q q 0 0 0 rg BT 436.60 549.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 479.08 549.25 Td (their ) Tj ET Q q 0 0 0 rg BT 499.91 549.25 Td (values:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 489.75 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 489.75 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 489.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 489.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 489.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 489.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 489.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 489.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 459.75 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 459.75 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 459.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 459.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 459.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 459.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 459.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 459.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 429.75 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 429.75 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 429.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 429.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 429.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 429.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 429.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 429.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 399.75 237.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 399.75 84.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 399.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 399.75 60.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 399.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 399.75 60.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 399.75 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 399.75 60.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 327.75 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 327.75 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 327.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 327.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 327.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 327.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 327.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 327.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 297.75 237.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.00 297.75 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 297.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 297.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 297.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 297.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 297.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 297.75 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 517.75 m 435 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 517.75 m 439 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 517.75 m 499 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 517.75 m 503 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 517.75 m 563 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 502.75 m 371 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 502.75 m 435 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 502.75 m 499 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 502.75 m 563 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 414.75 m 371 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 414.75 m 435 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 414.75 m 499 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 414.75 m 563 414.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 400.75 m 371 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 398.75 m 371 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 400.75 m 435 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 398.75 m 435 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 400.75 m 499 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 398.75 m 499 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 400.75 m 563 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 398.75 m 563 398.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 370.75 m 435 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 370.75 m 439 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 370.75 m 499 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499 370.75 m 503 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 370.75 m 563 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 355.75 m 371 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 355.75 m 435 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 355.75 m 499 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 355.75 m 563 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 282.75 m 371 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 282.75 m 435 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 282.75 m 499 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 282.75 m 563 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 268.75 m 371 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 266.75 m 371 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 268.75 m 435 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 266.75 m 435 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 268.75 m 499 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 266.75 m 499 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 268.75 m 563 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 266.75 m 563 266.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 522.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.00 522.42 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.75 521.98 Td (Fair value at) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.50 529.98 Td (Fair) Tj ET Q q 0 0 0 rg BT 440.02 529.98 Td ( value measur) Tj ET Q q 0 0 0 rg BT 487.42 529.98 Td (ements) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.75 521.98 Td (using inputs consider) Tj ET Q q 0 0 0 rg BT 496.07 521.98 Td (ed as) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 507.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.00 507.42 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.25 506.98 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.15 506.98 Td (Level 1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.15 506.98 Td (Level 2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 520.15 506.98 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 494.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.15 493.98 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 480.32 Td (Money market funds) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.50 479.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.65 479.42 Td (16,431) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.50 479.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.65 479.42 Td (16,431) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.50 479.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.15 479.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.50 479.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 479.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 465.32 Td (Corporate notes and obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.65 464.42 Td (26,774) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 464.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 464.42 Td (26,774) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 464.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 450.32 Td (Certificates of deposit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.65 449.42 Td (14,920) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 449.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 449.42 Td (14,920) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 449.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 435.32 Td (Municipal obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.65 434.42 Td (3,830) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 434.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 434.42 Td (3,830) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 434.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 420.32 Td (U.S. government and government agency obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.65 419.42 Td (60,018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.65 419.42 Td (11,428) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 419.42 Td (48,590) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 419.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.50 404.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.65 404.42 Td (121,973) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.50 404.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.65 404.42 Td (27,859) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.50 404.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 404.42 Td (94,114) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.50 404.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 404.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 375.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.00 375.42 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.75 374.98 Td (Fair value at) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.50 382.98 Td (Fair) Tj ET Q q 0 0 0 rg BT 440.02 382.98 Td ( value measur) Tj ET Q q 0 0 0 rg BT 487.42 382.98 Td (ements) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.75 374.98 Td (using inputs consider) Tj ET Q q 0 0 0 rg BT 496.07 374.98 Td (ed as) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 360.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.00 360.42 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.25 359.98 Td (December 31, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.15 359.98 Td (Level 1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.15 359.98 Td (Level 2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 520.15 359.98 Td (Level3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 347.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.15 346.98 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 333.32 Td (Money market funds) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.50 332.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.65 332.42 Td (36,453) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.50 332.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.65 332.42 Td (36,453) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.50 332.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.15 332.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.50 332.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 332.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 318.32 Td (Corporate notes and obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.65 317.42 Td (39,148) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 317.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 317.42 Td (39,148) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 317.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 302.42 Td (Municipal obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.65 302.42 Td (6,230) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 302.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 302.42 Td (6,230) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 302.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 288.32 Td (U.S. government agency obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.65 287.42 Td (15,048) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 287.42 Td (4,711) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 287.42 Td (10,337) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 287.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.50 272.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.65 272.42 Td (96,879) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.50 272.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.65 272.42 Td (41,164) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.50 272.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 272.42 Td (55,715) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.50 272.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 272.42 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 251.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 112.73 251.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 161.41 251.25 Td (include ) Tj ET Q q 0 0 0 rg BT 192.86 251.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 215.15 251.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 234.94 251.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 282.50 251.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.95 251.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 348.75 251.25 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.54 251.25 Td (investment-grade ) Tj ET Q q 0 0 0 rg BT 459.97 251.25 Td (interest-bearing ) Tj ET Q q 0 0 0 rg BT 524.74 251.25 Td (securities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 239.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.77 239.25 Td (as ) Tj ET Q q 0 0 0 rg BT 82.05 239.25 Td (money ) Tj ET Q q 0 0 0 rg BT 112.21 239.25 Td (market ) Tj ET Q q 0 0 0 rg BT 142.91 239.25 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 183.34 239.25 Td (certificates ) Tj ET Q q 0 0 0 rg BT 230.14 239.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.42 239.25 Td (deposit, ) Tj ET Q q 0 0 0 rg BT 275.75 239.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 325.89 239.25 Td (paper) Tj ET Q q 0 0 0 rg BT 347.69 239.25 Td (, ) Tj ET Q q 0 0 0 rg BT 353.14 239.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 393.83 239.25 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 423.17 239.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 466.10 239.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.49 239.25 Td (government ) Tj ET Q q 0 0 0 rg BT 534.19 239.25 Td (agency ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 227.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 95.49 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.48 227.25 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 156.89 227.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 202.88 227.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.76 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.52 227.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 245.85 227.25 Td (government) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.62 227.25 Td (. ) Tj ET Q q 0 0 0 rg BT 297.55 227.25 Td (The ) Tj ET Q q 0 0 0 rg BT 314.65 227.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.08 227.25 Td (classifies ) Tj ET Q q 0 0 0 rg BT 393.28 227.25 Td (its ) Tj ET Q q 0 0 0 rg BT 404.28 227.25 Td (money ) Tj ET Q q 0 0 0 rg BT 433.05 227.25 Td (market ) Tj ET Q q 0 0 0 rg BT 462.36 227.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 486.13 227.25 Td (that ) Tj ET Q q 0 0 0 rg BT 502.67 227.25 Td (are ) Tj ET Q q 0 0 0 rg BT 516.42 227.25 Td (specifically ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 215.25 Td (backed ) Tj ET Q q 0 0 0 rg BT 80.31 215.25 Td (by ) Tj ET Q q 0 0 0 rg BT 92.80 215.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 112.50 215.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 152.76 215.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.69 215.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 189.96 215.25 Td (government ) Tj ET Q q 0 0 0 rg BT 240.21 215.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 287.15 215.25 Td (as ) Tj ET Q q 0 0 0 rg BT 297.97 215.25 Td (Level1 ) Tj ET Q q 0 0 0 rg BT 330.72 215.25 Td (instruments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.88 215.25 Td (due ) Tj ET Q q 0 0 0 rg BT 396.80 215.25 Td (to ) Tj ET Q q 0 0 0 rg BT 407.07 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.78 215.25 Td (use ) Tj ET Q q 0 0 0 rg BT 437.60 215.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.42 215.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 494.23 215.25 Td (market ) Tj ET Q q 0 0 0 rg BT 524.48 215.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 550.85 215.25 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 203.25 Td (identical ) Tj ET Q q 0 0 0 rg BT 86.43 203.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 126.69 203.25 Td (that ) Tj ET Q q 0 0 0 rg BT 144.19 203.25 Td (are ) Tj ET Q q 0 0 0 rg BT 158.89 203.25 Td (traded ) Tj ET Q q 0 0 0 rg BT 186.38 203.25 Td (in ) Tj ET Q q 0 0 0 rg BT 196.66 203.25 Td (active ) Tj ET Q q 0 0 0 rg BT 223.03 203.25 Td (markets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.69 203.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 186.25 Td (When ) Tj ET Q q 0 0 0 rg BT 98.87 186.25 Td (we ) Tj ET Q q 0 0 0 rg BT 112.03 186.25 Td (use ) Tj ET Q q 0 0 0 rg BT 126.85 186.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 171.66 186.25 Td (market ) Tj ET Q q 0 0 0 rg BT 200.92 186.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 226.29 186.25 Td (for ) Tj ET Q q 0 0 0 rg BT 239.44 186.25 Td (identical ) Tj ET Q q 0 0 0 rg BT 275.37 186.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 314.62 186.25 Td (that ) Tj ET Q q 0 0 0 rg BT 331.11 186.25 Td (are ) Tj ET Q q 0 0 0 rg BT 344.81 186.25 Td (traded ) Tj ET Q q 0 0 0 rg BT 371.29 186.25 Td (in ) Tj ET Q q 0 0 0 rg BT 380.57 186.25 Td (less ) Tj ET Q q 0 0 0 rg BT 397.06 186.25 Td (active ) Tj ET Q q 0 0 0 rg BT 422.43 186.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 458.08 186.25 Td (we ) Tj ET Q q 0 0 0 rg BT 471.23 186.25 Td (classify ) Tj ET Q q 0 0 0 rg BT 503.27 186.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.09 186.25 Td (marketable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 174.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.55 174.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 135.29 174.25 Td (as ) Tj ET Q q 0 0 0 rg BT 145.69 174.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 170.52 174.25 Td (2. ) Tj ET Q q 0 0 0 rg BT 179.94 174.25 Td (When ) Tj ET Q q 0 0 0 rg BT 205.89 174.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 251.27 174.25 Td (market ) Tj ET Q q 0 0 0 rg BT 281.11 174.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 307.06 174.25 Td (for ) Tj ET Q q 0 0 0 rg BT 320.79 174.25 Td (identical ) Tj ET Q q 0 0 0 rg BT 357.29 174.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 397.12 174.25 Td (are ) Tj ET Q q 0 0 0 rg BT 411.40 174.25 Td (not ) Tj ET Q q 0 0 0 rg BT 426.25 174.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 466.90 174.25 Td (we ) Tj ET Q q 0 0 0 rg BT 480.63 174.25 Td (price ) Tj ET Q q 0 0 0 rg BT 502.69 174.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.09 174.25 Td (marketable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 162.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.28 162.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 134.75 162.25 Td (using ) Tj ET Q q 0 0 0 rg BT 158.23 162.25 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 208.92 162.25 Td (market ) Tj ET Q q 0 0 0 rg BT 238.48 162.25 Td (consensus ) Tj ET Q q 0 0 0 rg BT 280.84 162.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 306.52 162.25 Td (that ) Tj ET Q q 0 0 0 rg BT 323.32 162.25 Td (are ) Tj ET Q q 0 0 0 rg BT 337.33 162.25 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 390.21 162.25 Td (with ) Tj ET Q q 0 0 0 rg BT 409.79 162.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 454.91 162.25 Td (market ) Tj ET Q q 0 0 0 rg BT 484.48 162.25 Td (data; ) Tj ET Q q 0 0 0 rg BT 505.72 162.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 534.74 162.25 Td (market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 150.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 75.88 150.25 Td (for ) Tj ET Q q 0 0 0 rg BT 90.05 150.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 120.33 150.25 Td (instruments; ) Tj ET Q q 0 0 0 rg BT 172.27 150.25 Td (or ) Tj ET Q q 0 0 0 rg BT 183.11 150.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 213.94 150.25 Td (models ) Tj ET Q q 0 0 0 rg BT 245.33 150.25 Td (with ) Tj ET Q q 0 0 0 rg BT 265.61 150.25 Td (all ) Tj ET Q q 0 0 0 rg BT 278.11 150.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 322.83 150.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 349.78 150.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 382.27 150.25 Td (from ) Tj ET Q q 0 0 0 rg BT 404.22 150.25 Td (or ) Tj ET Q q 0 0 0 rg BT 415.05 150.25 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 468.64 150.25 Td (with ) Tj ET Q q 0 0 0 rg BT 488.92 150.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 534.74 150.25 Td (market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 138.25 Td (data. ) Tj ET Q q 0 0 0 rg BT 71.47 138.25 Td (Non-binding ) Tj ET Q q 0 0 0 rg BT 125.39 138.25 Td (market ) Tj ET Q q 0 0 0 rg BT 155.97 138.25 Td (consensus ) Tj ET Q q 0 0 0 rg BT 199.33 138.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 226.03 138.25 Td (are ) Tj ET Q q 0 0 0 rg BT 241.05 138.25 Td (based ) Tj ET Q q 0 0 0 rg BT 266.63 138.25 Td (on ) Tj ET Q q 0 0 0 rg BT 279.44 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.47 138.25 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 341.71 138.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 381.74 138.25 Td (models ) Tj ET Q q 0 0 0 rg BT 413.44 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 424.58 138.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 455.72 138.25 Td (providers. ) Tj ET Q q 0 0 0 rg BT 498.60 138.25 Td (These ) Tj ET Q q 0 0 0 rg BT 525.29 138.25 Td (valuation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 126.25 Td (models ) Tj ET Q q 0 0 0 rg BT 80.93 126.25 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 129.00 126.25 Td (a ) Tj ET Q q 0 0 0 rg BT 135.98 126.25 Td (number ) Tj ET Q q 0 0 0 rg BT 169.07 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.94 126.25 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 209.43 126.25 Td (including ) Tj ET Q q 0 0 0 rg BT 249.74 126.25 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 301.17 126.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.15 126.25 Td (binding ) Tj ET Q q 0 0 0 rg BT 351.24 126.25 Td (broker ) Tj ET Q q 0 0 0 rg BT 379.88 126.25 Td (quotes; ) Tj ET Q q 0 0 0 rg BT 411.31 126.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 457.17 126.25 Td (market ) Tj ET Q q 0 0 0 rg BT 487.47 126.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 513.89 126.25 Td (for ) Tj ET Q q 0 0 0 rg BT 528.09 126.25 Td (identical ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 114.25 Td (or ) Tj ET Q q 0 0 0 rg BT 59.89 114.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 89.72 114.25 Td (securities; ) Tj ET Q q 0 0 0 rg BT 132.32 114.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.82 114.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.10 114.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 195.70 114.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 247.21 114.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.60 114.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 287.98 114.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 327.81 114.25 Td (or ) Tj ET Q q 0 0 0 rg BT 338.20 114.25 Td (brokers ) Tj ET Q q 0 0 0 rg BT 370.25 114.25 Td (that ) Tj ET Q q 0 0 0 rg BT 387.30 114.25 Td (use ) Tj ET Q q 0 0 0 rg BT 402.69 114.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 448.07 114.25 Td (market ) Tj ET Q q 0 0 0 rg BT 477.89 114.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 504.40 114.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 523.40 114.25 Td (to ) Tj ET Q q 0 0 0 rg BT 533.24 114.25 Td (a ) Tj ET Q q 0 0 0 rg BT 539.73 114.25 Td (lesser ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 102.25 Td (degree, ) Tj ET Q q 0 0 0 rg BT 81.55 102.25 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 137.78 102.25 Td (market ) Tj ET Q q 0 0 0 rg BT 168.45 102.25 Td (inputs. ) Tj ET Q q 0 0 0 rg BT 198.10 102.25 Td (W) Tj ET Q q 0 0 0 rg BT 206.74 102.25 Td (e ) Tj ET Q q 0 0 0 rg BT 214.08 102.25 Td (corroborate ) Tj ET Q q 0 0 0 rg BT 263.08 102.25 Td (non-binding ) Tj ET Q q 0 0 0 rg BT 314.87 102.25 Td (market ) Tj ET Q q 0 0 0 rg BT 345.55 102.25 Td (consensus ) Tj ET Q q 0 0 0 rg BT 389.01 102.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 415.79 102.25 Td (with ) Tj ET Q q 0 0 0 rg BT 436.48 102.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 482.71 102.25 Td (market ) Tj ET Q q 0 0 0 rg BT 513.38 102.25 Td (data ) Tj ET Q q 0 0 0 rg BT 532.94 102.25 Td (as ) Tj ET Q q 0 0 0 rg BT 544.18 102.25 Td (such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 90.25 Td (data ) Tj ET Q q 0 0 0 rg BT 68.66 90.25 Td (exists.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.93 90.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 73.25 Td (As ) Tj ET Q q 0 0 0 rg BT 86.68 73.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.08 73.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.23 73.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.23 73.25 Td ( ) Tj ET Q q 0 0 0 rg BT 177.30 73.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.81 73.25 Td (December ) Tj ET Q q 0 0 0 rg BT 236.96 73.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 251.52 73.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.52 73.25 Td (, ) Tj ET Q q 0 0 0 rg BT 276.09 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.38 73.25 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.33 73.25 Td (did ) Tj ET Q q 0 0 0 rg BT 346.18 73.25 Td (not ) Tj ET Q q 0 0 0 rg BT 361.02 73.25 Td (have ) Tj ET Q q 0 0 0 rg BT 381.97 73.25 Td (any ) Tj ET Q q 0 0 0 rg BT 398.48 73.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 423.87 73.25 Td (or ) Tj ET Q q 0 0 0 rg BT 434.27 73.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 473.56 73.25 Td (that ) Tj ET Q q 0 0 0 rg BT 490.62 73.25 Td (were ) Tj ET Q q 0 0 0 rg BT 512.12 73.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 540.84 73.25 Td (using ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 61.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 74.64 61.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 82.01 61.25 Td (inputs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.96 61.25 Td ( ) Tj ET Q q 0 0 0 rg BT 111.33 61.25 Td (For ) Tj ET Q q 0 0 0 rg BT 127.59 61.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.18 61.25 Td (years ) Tj ET Q q 0 0 0 rg BT 165.65 61.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 191.90 61.25 Td (December ) Tj ET Q q 0 0 0 rg BT 235.36 61.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 250.23 61.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 275.10 61.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 297.47 61.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.28 61.25 Td (201) Tj ET Q q 0 0 0 rg BT 328.91 61.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.91 61.25 Td (, ) Tj ET Q q 0 0 0 rg BT 338.78 61.25 Td (there ) Tj ET Q q 0 0 0 rg BT 361.14 61.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.94 61.25 Td (no) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.94 61.25 Td ( ) Tj ET Q q 0 0 0 rg BT 395.31 61.25 Td (transfers ) Tj ET Q q 0 0 0 rg BT 432.12 61.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.82 61.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 480.17 61.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 529.21 61.25 Td (between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 49.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 74.76 49.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 84.76 49.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 110.03 49.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 117.53 49.25 Td (or ) Tj ET Q q 0 0 0 rg BT 128.36 49.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 153.62 49.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 161.12 49.25 Td (classifications.) Tj ET Q endstream endobj 127 0 obj <> endobj 128 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (For ) Tj ET Q q 0 0 0 rg BT 89.18 740.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.18 740.10 Td (years ) Tj ET Q q 0 0 0 rg BT 126.07 740.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 151.73 740.10 Td (December ) Tj ET Q q 0 0 0 rg BT 194.60 740.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 208.88 740.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 233.17 740.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 254.96 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.18 740.10 Td (201) Tj ET Q q 0 0 0 rg BT 285.81 740.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.81 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 295.10 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.10 740.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 349.77 740.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 395.42 740.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 426.64 740.10 Td (income ) Tj ET Q q 0 0 0 rg BT 457.86 740.10 Td (from ) Tj ET Q q 0 0 0 rg BT 479.08 740.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 515.85 740.10 Td (instruments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.10 728.10 Td ($2.1 ) Tj ET Q q 0 0 0 rg BT 77.87 728.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.77 728.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 110.54 728.10 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 129.31 728.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.20 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.47 728.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.18 728.10 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 193.96 728.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.85 728.10 Td (, ) Tj ET Q q 0 0 0 rg BT 226.62 728.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 274.28 728.10 Td (. ) Tj ET Q q 0 0 0 rg BT 278.05 728.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 302.66 728.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 335.57 728.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 357.95 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.66 728.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 396.05 728.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 428.96 728.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 454.12 728.10 Td (from ) Tj ET Q q 0 0 0 rg BT 474.83 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.32 728.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 505.14 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.74 728.10 Td (investments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.43 716.10 Td (not ) Tj ET Q q 0 0 0 rg BT 86.71 716.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 131.42 716.10 Td (during ) Tj ET Q q 0 0 0 rg BT 160.03 716.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.74 716.10 Td (years ) Tj ET Q q 0 0 0 rg BT 198.34 716.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 224.72 716.10 Td (December ) Tj ET Q q 0 0 0 rg BT 268.30 716.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 283.30 716.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 308.30 716.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 330.80 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.74 716.10 Td (201) Tj ET Q q 0 0 0 rg BT 362.37 716.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.37 716.10 Td (.) 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8.00 Tf ET q 0 0 0 rg BT 461.65 670.43 Td (Fair Value) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.90 678.43 Td (Unrealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.90 670.43 Td (losses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.15 657.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 642.87 Td (Corporate notes and obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.50 642.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.65 642.87 Td (6,403) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.50 642.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.80 642.92 Td (\(13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 642.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.50 642.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 642.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.50 642.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 642.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.50 642.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 642.87 Td (6,403) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 642.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.80 642.92 Td (\(13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 642.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 627.87 Td (Certificates of deposit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.65 627.87 Td (12,714) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.80 627.92 Td (\(26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 627.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 627.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 627.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 627.87 Td (12,714) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.80 627.92 Td (\(26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 627.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 612.87 Td (Municipal obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.15 612.87 Td (552) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.80 612.92 Td (\(2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 612.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 612.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 612.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.15 612.87 Td (552) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.80 612.92 Td (\(2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 612.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 597.87 Td (U.S. government notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.65 597.87 Td (4,361) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.80 597.92 Td (\(5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 597.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 597.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 597.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 597.87 Td (4,361) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.80 597.92 Td (\(5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 597.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 582.87 Td (U.S. government agency securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.65 582.87 Td (20,614) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.80 582.92 Td (\(26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 582.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 582.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 582.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 582.87 Td (20,614) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.80 582.92 Td (\(26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 582.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.50 567.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.65 567.87 Td (44,644) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.50 567.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.80 567.92 Td (\(72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 567.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.50 567.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 567.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.50 567.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 567.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.50 567.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 567.87 Td (44,644) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 567.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.80 567.92 Td (\(72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 567.87 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.25 539.43 Td (December 31, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.00 526.43 Td (Less than 12 Months) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.25 526.43 Td (12 Months or Greater) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.75 526.43 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 237.65 505.43 Td (Fair Value) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.90 513.43 Td (Unrealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.90 505.43 Td (losses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.65 505.43 Td (Fair Value) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.90 513.43 Td (Unrealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.90 505.43 Td (losses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 461.65 505.43 Td (Fair Value) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 516.90 513.43 Td (Unrealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.90 505.43 Td (losses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.15 492.43 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 477.87 Td (Corporate notes and obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.50 477.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.65 477.87 Td (35,435) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.50 477.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.80 477.92 Td (\(63) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 477.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.50 477.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 477.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.50 477.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 477.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.50 477.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 477.87 Td (35,435) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 477.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.80 477.92 Td (\(63) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 477.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 462.87 Td (Municipal obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.65 462.87 Td (5,314) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.80 462.92 Td (\(11) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 462.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 462.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 462.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 462.87 Td (5,314) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.80 462.92 Td (\(11) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 462.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 447.87 Td (U.S. government notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.65 447.87 Td (3,577) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.80 447.92 Td (\(1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 447.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 447.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 447.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 447.87 Td (3,577) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.80 447.92 Td (\(1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 447.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.50 432.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.65 432.87 Td (44,326) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.50 432.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.80 432.92 Td (\(75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 432.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.50 432.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 432.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.50 432.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 432.87 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.50 432.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 432.87 Td (44,326) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 432.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.80 432.92 Td (\(75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.15 432.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 395.30 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 395.30 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 395.30 Td (table ) Tj ET Q q 0 0 0 rg BT 154.87 395.30 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 205.13 395.30 Td (the ) Tj ET Q q 0 0 0 rg BT 219.85 395.30 Td (maturities ) Tj ET Q q 0 0 0 rg BT 262.34 395.30 Td (of ) Tj ET Q q 0 0 0 rg BT 273.17 395.30 Td (the ) Tj ET Q q 0 0 0 rg BT 287.88 395.30 Td (Company) Tj ET Q q 0 0 0 rg BT 329.55 395.30 Td (s ) Tj ET Q q 0 0 0 rg BT 335.94 395.30 Td (investments ) Tj ET Q q 0 0 0 rg BT 386.21 395.30 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.93 395.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 454.52 395.30 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.52 395.30 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 342.80 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 342.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 342.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 342.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 342.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 342.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 312.80 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 312.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 312.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 312.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 312.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 312.80 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 384.8 m 563 384.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 363.8 m 563 363.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 297.8 m 563 297.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 297.8 m 563 297.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 283.8 m 563 283.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 281.8 m 563 281.8 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 372.40 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 515.50 376.48 Td (Carryingor) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 519.70 368.48 Td (fair) Tj ET Q q 0 0 0 rg BT 531.99 368.48 Td ( value) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 52.50 346.64 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.30 355.03 Td (\(in) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.30 347.03 Td (thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 332.47 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 332.47 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 332.47 Td (46,325) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 317.47 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 317.47 Td (39,921) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 302.47 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 302.47 Td (16,364) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 287.47 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 287.47 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.60 287.47 Td (102,610) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 266.30 Td (Actual ) Tj ET Q q 0 0 0 rg BT 102.53 266.30 Td (maturities ) Tj ET Q q 0 0 0 rg BT 144.89 266.30 Td (may ) Tj ET Q q 0 0 0 rg BT 164.48 266.30 Td (dif) Tj ET Q q 0 0 0 rg BT 175.41 266.30 Td (fer ) Tj ET Q q 0 0 0 rg BT 188.88 266.30 Td (from ) Tj ET Q q 0 0 0 rg BT 210.69 266.30 Td (the ) Tj ET Q q 0 0 0 rg BT 225.28 266.30 Td (contractual ) Tj ET Q q 0 0 0 rg BT 272.07 266.30 Td (maturities ) Tj ET Q q 0 0 0 rg BT 314.44 266.30 Td (because ) Tj ET Q q 0 0 0 rg BT 348.46 266.30 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 391.37 266.30 Td (may ) Tj ET Q q 0 0 0 rg BT 410.96 266.30 Td (have ) Tj ET Q q 0 0 0 rg BT 432.21 266.30 Td (the ) Tj ET Q q 0 0 0 rg BT 446.80 266.30 Td (right ) Tj ET Q q 0 0 0 rg BT 468.06 266.30 Td (to ) Tj ET Q q 0 0 0 rg BT 478.21 266.30 Td (call ) Tj ET Q q 0 0 0 rg BT 495.02 266.30 Td (or ) Tj ET Q q 0 0 0 rg BT 505.72 266.30 Td (prepay ) Tj ET Q q 0 0 0 rg BT 535.30 266.30 Td (certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 254.30 Td (obligations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 211.30 Td (NOTE ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.34 211.30 Td (5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.34 211.30 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 95.34 211.30 Td (Acquisitions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 148.13 211.30 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 185.96699218749995 m 142.2294921875 185.96699218749995 l s q 0 0 0 rg BT 49.50 187.30 Td (Del ) Tj ET Q q 0 0 0 rg BT 66.44 187.30 Td (Mar ) Tj ET Q q 0 0 0 rg BT 85.60 187.30 Td (Datatrac, ) Tj ET Q q 0 0 0 rg BT 124.46 187.30 Td (Inc. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 163.30 Td (On ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.40 163.30 Td (August15, ) Tj ET Q q 0 0 0 rg BT 133.08 163.30 Td (201) Tj ET Q q 0 0 0 rg BT 147.71 163.30 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.71 163.30 Td (, ) Tj ET Q q 0 0 0 rg BT 158.00 163.30 Td (the ) Tj ET Q q 0 0 0 rg BT 173.01 163.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 214.69 163.30 Td (entered ) Tj ET Q q 0 0 0 rg BT 246.91 163.30 Td (into ) Tj ET Q q 0 0 0 rg BT 265.26 163.30 Td (a ) Tj ET Q q 0 0 0 rg BT 272.49 163.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 298.06 163.30 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 336.34 163.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 383.56 163.30 Td (and ) Tj ET Q q 0 0 0 rg BT 400.79 163.30 Td (acquired ) Tj ET Q q 0 0 0 rg BT 438.00 163.30 Td (all ) Tj ET Q q 0 0 0 rg BT 450.79 163.30 Td (of ) Tj ET Q q 0 0 0 rg BT 461.92 163.30 Td (the ) Tj ET Q q 0 0 0 rg BT 476.92 163.30 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 526.38 163.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 554.17 163.30 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 151.30 Td (Del ) Tj ET Q q 0 0 0 rg BT 66.41 151.30 Td (Mar ) Tj ET Q q 0 0 0 rg BT 85.55 151.30 Td (Datatrac, ) Tj ET Q q 0 0 0 rg BT 124.38 151.30 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 142.13 151.30 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.90 151.30 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.23 151.30 Td (\), ) Tj ET Q q 0 0 0 rg BT 185.97 151.30 Td (a ) Tj ET Q q 0 0 0 rg BT 192.89 151.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 233.13 151.30 Td (lending ) Tj ET Q q 0 0 0 rg BT 265.60 151.30 Td (automation ) Tj ET Q q 0 0 0 rg BT 313.06 151.30 Td (business, ) Tj ET Q q 0 0 0 rg BT 351.93 151.30 Td (for ) Tj ET Q q 0 0 0 rg BT 366.06 151.30 Td (a ) Tj ET Q q 0 0 0 rg BT 372.97 151.30 Td (total ) Tj ET Q q 0 0 0 rg BT 393.22 151.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 431.23 151.30 Td (consideration ) Tj ET Q q 0 0 0 rg BT 487.58 151.30 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.39 151.30 Td ($25.1 ) Tj ET Q q 0 0 0 rg BT 523.36 151.30 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.25 151.30 Td ( ) Tj ET Q q 0 0 0 rg BT 554.73 151.30 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 139.30 Td (cash, ) Tj ET Q q 0 0 0 rg BT 71.72 139.30 Td (of ) Tj ET Q q 0 0 0 rg BT 82.00 139.30 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.38 139.30 Td ($17.2 ) Tj ET Q q 0 0 0 rg BT 132.83 139.30 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.72 139.30 Td ( ) Tj ET Q q 0 0 0 rg BT 163.67 139.30 Td (was ) Tj ET Q q 0 0 0 rg BT 181.17 139.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 200.33 139.30 Td (at ) Tj ET Q q 0 0 0 rg BT 209.50 139.30 Td (closing ) Tj ET Q q 0 0 0 rg BT 240.33 139.30 Td (and ) Tj ET Q q 0 0 0 rg BT 256.72 139.30 Td (the ) Tj ET Q q 0 0 0 rg BT 270.89 139.30 Td (remaining ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.38 139.30 Td ($8.0 ) Tj ET Q q 0 0 0 rg BT 332.83 139.30 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.72 139.30 Td ( ) Tj ET Q q 0 0 0 rg BT 363.67 139.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 385.60 139.30 Td (holdback\), ) Tj ET Q q 0 0 0 rg BT 434.47 139.30 Td (net ) Tj ET Q q 0 0 0 rg BT 448.64 139.30 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.91 139.30 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 478.36 139.30 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.25 139.30 Td ( ) Tj ET Q q 0 0 0 rg BT 509.20 139.30 Td (measurement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 127.30 Td (period ) Tj ET Q q 0 0 0 rg BT 77.69 127.30 Td (closing ) Tj ET Q q 0 0 0 rg BT 109.21 127.30 Td (settlement ) Tj ET Q q 0 0 0 rg BT 152.95 127.30 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 205.87 127.30 Td (was ) Tj ET Q q 0 0 0 rg BT 224.06 127.30 Td (to ) Tj ET Q q 0 0 0 rg BT 234.48 127.30 Td (be ) Tj ET Q q 0 0 0 rg BT 246.56 127.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 266.42 127.30 Td (without ) Tj ET Q q 0 0 0 rg BT 299.61 127.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 331.69 127.30 Td (as ) Tj ET Q q 0 0 0 rg BT 342.66 127.30 Td (follows: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.08 127.30 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 398.22 127.30 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.11 127.30 Td ( ) Tj ET Q q 0 0 0 rg BT 429.75 127.30 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.81 127.30 Td (August15, ) Tj ET Q q 0 0 0 rg BT 488.34 127.30 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.34 127.30 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.48 127.30 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 533.62 127.30 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.51 127.30 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 115.30 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 61.33 115.30 Td (August15, ) Tj ET Q q 0 0 0 rg BT 107.57 115.30 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.57 115.30 Td ( ) Tj ET Q q 0 0 0 rg BT 129.91 115.30 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.85 115.30 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 166.70 115.30 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.59 115.30 Td ( ) Tj ET Q q 0 0 0 rg BT 197.94 115.30 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.76 115.30 Td (August15, ) Tj ET Q q 0 0 0 rg BT 256.00 115.30 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 115.30 Td (. ) Tj ET Q q 0 0 0 rg BT 280.68 115.30 Td (The ) Tj ET Q q 0 0 0 rg BT 298.57 115.30 Td (2012 ) Tj ET Q q 0 0 0 rg BT 320.92 115.30 Td (and ) Tj ET Q q 0 0 0 rg BT 337.70 115.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 360.05 115.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 400.72 115.30 Td (were ) Tj ET Q q 0 0 0 rg BT 422.49 115.30 Td (made ) Tj ET Q q 0 0 0 rg BT 446.50 115.30 Td (as ) Tj ET Q q 0 0 0 rg BT 457.17 115.30 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 499.50 115.30 Td (and ) Tj ET Q q 0 0 0 rg BT 516.29 115.30 Td (reduced ) Tj ET Q q 0 0 0 rg BT 550.28 115.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 103.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 95.88 103.30 Td (holdback ) Tj ET Q q 0 0 0 rg BT 135.04 103.30 Td (liability ) Tj ET Q q 0 0 0 rg BT 168.65 103.30 Td (on ) Tj ET Q q 0 0 0 rg BT 181.15 103.30 Td (the ) Tj ET Q q 0 0 0 rg BT 195.86 103.30 Td (Company) Tj ET Q q 0 0 0 rg BT 237.53 103.30 Td (s ) Tj ET Q q 0 0 0 rg BT 243.92 103.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 296.96 103.30 Td (balance ) Tj ET Q q 0 0 0 rg BT 329.99 103.30 Td (sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 81.40 Td (Subject ) Tj ET Q q 0 0 0 rg BT 106.28 81.40 Td (to ) Tj ET Q q 0 0 0 rg BT 117.84 81.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 148.83 81.40 Td (exceptions ) Tj ET Q q 0 0 0 rg BT 195.37 81.40 Td (and ) Tj ET Q q 0 0 0 rg BT 213.59 81.40 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 262.66 81.40 Td (the ) Tj ET Q q 0 0 0 rg BT 278.66 81.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 321.33 81.40 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.55 81.40 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.88 81.40 Td ( ) Tj ET Q q 0 0 0 rg BT 366.67 81.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 397.09 81.40 Td (to ) Tj ET Q q 0 0 0 rg BT 408.66 81.40 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 453.54 81.40 Td (each ) Tj ET Q q 0 0 0 rg BT 475.64 81.40 Td (other ) Tj ET Q q 0 0 0 rg BT 499.97 81.40 Td (for ) Tj ET Q q 0 0 0 rg BT 515.41 81.40 Td (breaches ) Tj ET Q q 0 0 0 rg BT 554.17 81.40 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 69.40 Td (representations, ) Tj ET Q q 0 0 0 rg BT 115.03 69.40 Td (warranties ) Tj ET Q q 0 0 0 rg BT 159.18 69.40 Td (and ) Tj ET Q q 0 0 0 rg BT 176.12 69.40 Td (covenants ) Tj ET Q q 0 0 0 rg BT 218.60 69.40 Td (and ) Tj ET Q q 0 0 0 rg BT 235.54 69.40 Td (other ) Tj ET Q q 0 0 0 rg BT 258.59 69.40 Td (specified ) Tj ET Q q 0 0 0 rg BT 297.18 69.40 Td (matters. ) Tj ET Q q 0 0 0 rg BT 331.43 69.40 Td (The ) Tj ET Q q 0 0 0 rg BT 349.48 69.40 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 392.53 69.40 Td (period ) Tj ET Q q 0 0 0 rg BT 420.58 69.40 Td (expired ) Tj ET Q q 0 0 0 rg BT 453.06 69.40 Td (on ) Tj ET Q q 0 0 0 rg BT 465.56 69.40 Td (February ) Tj ET Q q 0 0 0 rg BT 504.16 69.40 Td (15, ) Tj ET Q q 0 0 0 rg BT 519.16 69.40 Td (2013.) Tj ET Q endstream endobj 131 0 obj <> endobj 132 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (63) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.43 740.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 138.70 740.10 Td (was ) Tj ET Q q 0 0 0 rg BT 157.64 740.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 201.56 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 216.61 740.10 Td (as ) Tj ET Q q 0 0 0 rg BT 228.33 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 236.16 740.10 Td (business ) Tj ET Q q 0 0 0 rg BT 273.43 740.10 Td (combination. ) Tj ET Q q 0 0 0 rg BT 329.07 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 348.00 740.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 389.15 740.10 Td (results ) Tj ET Q q 0 0 0 rg BT 418.65 740.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.37 740.10 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.70 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.09 740.10 Td (including ) Tj ET Q q 0 0 0 rg BT 498.25 740.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 533.28 740.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.00 740.10 Td ($2.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.60 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.24 728.10 Td (net ) Tj ET Q q 0 0 0 rg BT 111.66 728.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 129.42 728.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.96 728.10 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 159.66 728.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.55 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.76 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 204.62 728.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.04 728.10 Td (year ) Tj ET Q q 0 0 0 rg BT 238.45 728.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 264.53 728.10 Td (December ) Tj ET Q q 0 0 0 rg BT 307.82 728.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 322.52 728.10 Td (201) Tj ET Q q 0 0 0 rg BT 337.15 728.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.15 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.35 728.10 Td (were ) Tj ET Q q 0 0 0 rg BT 365.99 728.10 Td (included ) Tj ET Q q 0 0 0 rg BT 402.62 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.61 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.03 728.10 Td (Company) Tj ET Q q 0 0 0 rg BT 468.69 728.10 Td (s ) Tj ET Q q 0 0 0 rg BT 474.79 728.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.53 728.10 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.24 716.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 148.41 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 159.27 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.13 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.87 716.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 231.28 716.10 Td (date ) Tj ET Q q 0 0 0 rg BT 250.46 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.76 716.10 Td (August15, ) Tj ET Q q 0 0 0 rg BT 307.17 716.10 Td (201) Tj ET Q q 0 0 0 rg BT 321.80 716.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 331.83 716.10 Td (In ) Tj ET Q q 0 0 0 rg BT 342.68 716.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 389.08 716.10 Td (with ) Tj ET Q q 0 0 0 rg BT 409.39 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.13 716.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 473.04 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.78 716.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 529.19 716.10 Td (incurred ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.42 704.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 126.01 704.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 164.82 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.87 704.10 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.34 704.10 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 256.56 704.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.45 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 288.17 704.10 Td (which ) Tj ET Q q 0 0 0 rg BT 315.32 704.10 Td (have ) Tj ET Q q 0 0 0 rg BT 336.92 704.10 Td (been ) Tj ET Q q 0 0 0 rg BT 358.51 704.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 396.20 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.70 704.10 Td (general ) Tj ET Q q 0 0 0 rg BT 438.84 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.99 704.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 515.91 704.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 554.73 704.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 692.10 Td (Company) Tj ET Q q 0 0 0 rg BT 105.88 692.10 Td (s ) Tj ET Q q 0 0 0 rg BT 112.27 692.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 165.32 692.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 206.14 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.97 692.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 280.00 692.10 Td (income ) Tj ET Q q 0 0 0 rg BT 311.93 692.10 Td (for ) Tj ET Q q 0 0 0 rg BT 326.09 692.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.81 692.10 Td (year ) Tj ET Q q 0 0 0 rg BT 360.52 692.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 386.89 692.10 Td (December ) Tj ET Q q 0 0 0 rg BT 430.48 692.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 445.48 692.10 Td (201) Tj ET Q q 0 0 0 rg BT 460.11 692.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.11 692.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 670.20 Td (The ) Tj ET Q q 0 0 0 rg BT 89.63 670.20 Td (allocation ) Tj ET Q q 0 0 0 rg BT 131.14 670.20 Td (of ) Tj ET Q q 0 0 0 rg BT 141.55 670.20 Td (the ) Tj ET Q q 0 0 0 rg BT 155.84 670.20 Td (purchase ) Tj ET Q q 0 0 0 rg BT 193.46 670.20 Td (consideration ) Tj ET Q q 0 0 0 rg BT 249.41 670.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.82 670.20 Td ($25.1 ) Tj ET Q q 0 0 0 rg BT 284.40 670.20 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.29 670.20 Td (, ) Tj ET Q q 0 0 0 rg BT 317.87 670.20 Td (net ) Tj ET Q q 0 0 0 rg BT 332.17 670.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.58 670.20 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 362.16 670.20 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.05 670.20 Td ( ) Tj ET Q q 0 0 0 rg BT 393.13 670.20 Td (of ) Tj ET Q q 0 0 0 rg BT 403.54 670.20 Td (imputed ) Tj ET Q q 0 0 0 rg BT 438.40 670.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 469.91 670.20 Td (related ) Tj ET Q q 0 0 0 rg BT 499.19 670.20 Td (to ) Tj ET Q q 0 0 0 rg BT 509.05 670.20 Td (the ) Tj ET Q q 0 0 0 rg BT 523.35 670.20 Td (holdback, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 658.20 Td (to ) Tj ET Q q 0 0 0 rg BT 60.27 658.20 Td (the ) Tj ET Q q 0 0 0 rg BT 75.47 658.20 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 124.00 658.20 Td (tangible ) Tj ET Q q 0 0 0 rg BT 159.20 658.20 Td (and ) Tj ET Q q 0 0 0 rg BT 176.62 658.20 Td (intangible ) Tj ET Q q 0 0 0 rg BT 219.60 658.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 245.92 658.20 Td (acquired ) Tj ET Q q 0 0 0 rg BT 283.33 658.20 Td (and ) Tj ET Q q 0 0 0 rg BT 300.76 658.20 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 340.96 658.20 Td (assumed, ) Tj ET Q q 0 0 0 rg BT 380.89 658.20 Td (based ) Tj ET Q q 0 0 0 rg BT 406.65 658.20 Td (on ) Tj ET Q q 0 0 0 rg BT 419.64 658.20 Td (their ) Tj ET Q q 0 0 0 rg BT 440.95 658.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 482.26 658.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 499.12 658.20 Td (values ) Tj ET Q q 0 0 0 rg BT 527.66 658.20 Td (as ) Tj ET Q q 0 0 0 rg BT 538.98 658.20 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 658.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 646.20 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 95.88 646.20 Td (date ) Tj ET Q q 0 0 0 rg BT 115.04 646.20 Td (is ) Tj ET Q q 0 0 0 rg BT 124.21 646.20 Td (summarized ) Tj ET Q q 0 0 0 rg BT 175.58 646.20 Td (in ) Tj ET Q q 0 0 0 rg BT 185.86 646.20 Td (the ) Tj ET Q q 0 0 0 rg BT 200.57 646.20 Td (following ) Tj ET Q q 0 0 0 rg BT 241.96 646.20 Td (table ) Tj ET Q q 0 0 0 rg BT 263.89 646.20 Td (\(in ) Tj ET Q q 0 0 0 rg BT 277.50 646.20 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 622.70 448.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 622.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 592.70 448.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 592.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 562.70 448.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 562.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 532.70 448.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 532.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 502.70 448.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 502.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 472.70 448.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 472.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 442.70 448.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 442.70 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 427.7 m 563 427.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 413.7 m 563 413.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 411.7 m 563 411.7 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.65 626.93 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 612.37 Td (Current assets \(consisting primarily of accounts receivable\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.50 612.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 612.37 Td (521) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 597.37 Td (Property and equipment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 597.37 Td (329) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 582.37 Td (Other long-term assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 582.37 Td (31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 567.37 Td (Amortizable intangible assets:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 552.37 Td (Customer relationships and contracts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 552.37 Td (4,220) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 537.37 Td (Maintenance relationships) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 537.37 Td (2,490) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 522.37 Td (Developed technology) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 522.37 Td (960) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 507.37 Td (Trade name) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 507.37 Td (230) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 492.37 Td (Deferred revenue, current) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.80 492.42 Td (\(964) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.15 492.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 477.37 Td (Other current liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.80 477.42 Td (\(539) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.15 477.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 462.37 Td (Long-term liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.80 462.42 Td (\(22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.15 462.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 447.37 Td (Deferred tax liabilities, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.30 447.42 Td (\(1,654) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.15 447.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 432.37 Td (Goodwill) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 432.37 Td (19,086) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 417.37 Td (Total purchase consideration) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.50 417.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 417.37 Td (24,688) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 391.30 Td (Customer ) Tj ET Q q 0 0 0 rg BT 113.57 391.30 Td (relationships ) Tj ET Q q 0 0 0 rg BT 167.35 391.30 Td (and ) Tj ET Q q 0 0 0 rg BT 184.48 391.30 Td (contracts ) Tj ET Q q 0 0 0 rg BT 223.25 391.30 Td (relate ) Tj ET Q q 0 0 0 rg BT 248.14 391.30 Td (to ) Tj ET Q q 0 0 0 rg BT 258.60 391.30 Td (the ) Tj ET Q q 0 0 0 rg BT 273.49 391.30 Td (Company) Tj ET Q q 0 0 0 rg BT 315.16 391.30 Td (s ) Tj ET Q q 0 0 0 rg BT 321.73 391.30 Td (ability ) Tj ET Q q 0 0 0 rg BT 349.97 391.30 Td (to ) Tj ET Q q 0 0 0 rg BT 360.43 391.30 Td (sell ) Tj ET Q q 0 0 0 rg BT 377.00 391.30 Td (existing ) Tj ET Q q 0 0 0 rg BT 411.34 391.30 Td (and ) Tj ET Q q 0 0 0 rg BT 428.46 391.30 Td (future ) Tj ET Q q 0 0 0 rg BT 455.02 391.30 Td (versions ) Tj ET Q q 0 0 0 rg BT 491.04 391.30 Td (of ) Tj ET Q q 0 0 0 rg BT 502.05 391.30 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 391.30 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 391.30 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 379.30 Td (products ) Tj ET Q q 0 0 0 rg BT 86.02 379.30 Td (and ) Tj ET Q q 0 0 0 rg BT 102.54 379.30 Td (services ) Tj ET Q q 0 0 0 rg BT 136.82 379.30 Td (to ) Tj ET Q q 0 0 0 rg BT 146.68 379.30 Td (existing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.43 379.30 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.76 379.30 Td ( ) Tj ET Q q 0 0 0 rg BT 205.84 379.30 Td (customers. ) Tj ET Q q 0 0 0 rg BT 250.82 379.30 Td (The ) Tj ET Q q 0 0 0 rg BT 268.45 379.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 284.40 379.30 Td (value ) Tj ET Q q 0 0 0 rg BT 308.14 379.30 Td (of ) Tj ET Q q 0 0 0 rg BT 318.55 379.30 Td (the ) Tj ET Q q 0 0 0 rg BT 332.85 379.30 Td (customer ) Tj ET Q q 0 0 0 rg BT 371.58 379.30 Td (relationships ) Tj ET Q q 0 0 0 rg BT 424.76 379.30 Td (was ) Tj ET Q q 0 0 0 rg BT 442.40 379.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 489.46 379.30 Td (by ) Tj ET Q q 0 0 0 rg BT 501.54 379.30 Td (discounting ) Tj ET Q q 0 0 0 rg BT 550.28 379.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 367.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.12 367.30 Td (net ) Tj ET Q q 0 0 0 rg BT 104.64 367.30 Td (future ) Tj ET Q q 0 0 0 rg BT 130.82 367.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 150.89 367.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 175.42 367.30 Td (from ) Tj ET Q q 0 0 0 rg BT 197.16 367.30 Td (the ) Tj ET Q q 0 0 0 rg BT 211.68 367.30 Td (customer ) Tj ET Q q 0 0 0 rg BT 250.63 367.30 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 291.36 367.30 Td (The ) Tj ET Q q 0 0 0 rg BT 309.21 367.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 350.40 367.30 Td (is ) Tj ET Q q 0 0 0 rg BT 359.37 367.30 Td (amortizing ) Tj ET Q q 0 0 0 rg BT 405.00 367.30 Td (customer ) Tj ET Q q 0 0 0 rg BT 443.95 367.30 Td (relationships ) Tj ET Q q 0 0 0 rg BT 497.36 367.30 Td (and ) Tj ET Q q 0 0 0 rg BT 514.10 367.30 Td (contracts ) Tj ET Q q 0 0 0 rg BT 552.50 367.30 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 355.30 Td (a ) Tj ET Q q 0 0 0 rg BT 56.44 355.30 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 107.26 355.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 129.76 355.30 Td (over ) Tj ET Q q 0 0 0 rg BT 150.03 355.30 Td (an ) Tj ET Q q 0 0 0 rg BT 161.97 355.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 202.79 355.30 Td (life ) Tj ET Q q 0 0 0 rg BT 218.61 355.30 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.44 355.30 Td (6 ) Tj ET Q q 0 0 0 rg BT 236.94 355.30 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.04 355.30 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 333.40 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 126.53 333.40 Td (relationships ) Tj ET Q q 0 0 0 rg BT 180.53 333.40 Td (relate ) Tj ET Q q 0 0 0 rg BT 205.63 333.40 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.30 333.40 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.63 333.40 Td (s ) Tj ET Q q 0 0 0 rg BT 249.75 333.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 284.30 333.40 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 337.73 333.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 376.71 333.40 Td (and ) Tj ET Q q 0 0 0 rg BT 394.04 333.40 Td (the ) Tj ET Q q 0 0 0 rg BT 409.15 333.40 Td (Company) Tj ET Q q 0 0 0 rg BT 450.82 333.40 Td (s ) Tj ET Q q 0 0 0 rg BT 457.60 333.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 486.05 333.40 Td (to ) Tj ET Q q 0 0 0 rg BT 496.72 333.40 Td (sell ) Tj ET Q q 0 0 0 rg BT 513.50 333.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 548.06 333.40 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 321.40 Td (future ) Tj ET Q q 0 0 0 rg BT 75.02 321.40 Td (versions ) Tj ET Q q 0 0 0 rg BT 110.00 321.40 Td (of ) Tj ET Q q 0 0 0 rg BT 119.98 321.40 Td (the ) Tj ET Q q 0 0 0 rg BT 133.84 321.40 Td (Company) Tj ET Q q 0 0 0 rg BT 175.51 321.40 Td (s ) Tj ET Q q 0 0 0 rg BT 181.05 321.40 Td (products ) Tj ET Q q 0 0 0 rg BT 217.13 321.40 Td (and ) Tj ET Q q 0 0 0 rg BT 233.22 321.40 Td (services ) Tj ET Q q 0 0 0 rg BT 267.07 321.40 Td (to ) Tj ET Q q 0 0 0 rg BT 276.50 321.40 Td (existing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.81 321.40 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.14 321.40 Td ( ) Tj ET Q q 0 0 0 rg BT 334.79 321.40 Td (customers. ) Tj ET Q q 0 0 0 rg BT 379.36 321.40 Td (The ) Tj ET Q q 0 0 0 rg BT 396.56 321.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 412.08 321.40 Td (value ) Tj ET Q q 0 0 0 rg BT 435.38 321.40 Td (of ) Tj ET Q q 0 0 0 rg BT 445.36 321.40 Td (the ) Tj ET Q q 0 0 0 rg BT 459.23 321.40 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 511.40 321.40 Td (relationships ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 309.40 Td (was ) Tj ET Q q 0 0 0 rg BT 67.52 309.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 114.97 309.40 Td (by ) Tj ET Q q 0 0 0 rg BT 127.43 309.40 Td (discounting ) Tj ET Q q 0 0 0 rg BT 176.57 309.40 Td (the ) Tj ET Q q 0 0 0 rg BT 191.25 309.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 232.04 309.40 Td (net ) Tj ET Q q 0 0 0 rg BT 246.72 309.40 Td (future ) Tj ET Q q 0 0 0 rg BT 273.07 309.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 293.30 309.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 317.99 309.40 Td (from ) Tj ET Q q 0 0 0 rg BT 339.90 309.40 Td (those ) Tj ET Q q 0 0 0 rg BT 363.47 309.40 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 416.47 309.40 Td (customer ) Tj ET Q q 0 0 0 rg BT 455.59 309.40 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 496.47 309.40 Td (The ) Tj ET Q q 0 0 0 rg BT 514.49 309.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 555.84 309.40 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 297.40 Td (amortizing ) Tj ET Q q 0 0 0 rg BT 95.32 297.40 Td (the ) Tj ET Q q 0 0 0 rg BT 110.04 297.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 135.87 297.40 Td (on ) Tj ET Q q 0 0 0 rg BT 148.37 297.40 Td (a ) Tj ET Q q 0 0 0 rg BT 155.31 297.40 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 206.13 297.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 228.63 297.40 Td (over ) Tj ET Q q 0 0 0 rg BT 248.89 297.40 Td (an ) Tj ET Q q 0 0 0 rg BT 260.83 297.40 Td (estimated ) Tj ET Q q 0 0 0 rg BT 301.65 297.40 Td (life ) Tj ET Q q 0 0 0 rg BT 317.48 297.40 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.31 297.40 Td (9 ) Tj ET Q q 0 0 0 rg BT 335.81 297.40 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.91 297.40 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 275.50 Td (Developed ) Tj ET Q q 0 0 0 rg BT 118.74 275.50 Td (technology ) Tj ET Q q 0 0 0 rg BT 166.59 275.50 Td (consists ) Tj ET Q q 0 0 0 rg BT 201.68 275.50 Td (of ) Tj ET Q q 0 0 0 rg BT 213.43 275.50 Td (products ) Tj ET Q q 0 0 0 rg BT 251.29 275.50 Td (which ) Tj ET Q q 0 0 0 rg BT 279.15 275.50 Td (have ) Tj ET Q q 0 0 0 rg BT 301.45 275.50 Td (reached ) Tj ET Q q 0 0 0 rg BT 335.95 275.50 Td (technological ) Tj ET Q q 0 0 0 rg BT 393.24 275.50 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 436.65 275.50 Td (and ) Tj ET Q q 0 0 0 rg BT 454.51 275.50 Td (relate ) Tj ET Q q 0 0 0 rg BT 480.13 275.50 Td (to ) Tj ET Q q 0 0 0 rg BT 491.33 275.50 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 532.51 275.50 Td (lending ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 263.50 Td (solutions. ) Tj ET Q q 0 0 0 rg BT 91.14 263.50 Td (The ) Tj ET Q q 0 0 0 rg BT 109.95 263.50 Td (value ) Tj ET Q q 0 0 0 rg BT 134.86 263.50 Td (of ) Tj ET Q q 0 0 0 rg BT 146.45 263.50 Td (the ) Tj ET Q q 0 0 0 rg BT 161.92 263.50 Td (developed ) Tj ET Q q 0 0 0 rg BT 206.27 263.50 Td (technology ) Tj ET Q q 0 0 0 rg BT 253.97 263.50 Td (was ) Tj ET Q q 0 0 0 rg BT 272.78 263.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 321.02 263.50 Td (by ) Tj ET Q q 0 0 0 rg BT 334.27 263.50 Td (discounting ) Tj ET Q q 0 0 0 rg BT 384.20 263.50 Td (the ) Tj ET Q q 0 0 0 rg BT 399.67 263.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 441.25 263.50 Td (net ) Tj ET Q q 0 0 0 rg BT 456.73 263.50 Td (future ) Tj ET Q q 0 0 0 rg BT 483.86 263.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 504.89 263.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 530.37 263.50 Td (of ) Tj ET Q q 0 0 0 rg BT 541.96 263.50 Td (these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 251.50 Td (products. ) Tj ET Q q 0 0 0 rg BT 88.76 251.50 Td (The ) Tj ET Q q 0 0 0 rg BT 106.80 251.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 148.19 251.50 Td (is ) Tj ET Q q 0 0 0 rg BT 157.36 251.50 Td (amortizing ) Tj ET Q q 0 0 0 rg BT 203.18 251.50 Td (the ) Tj ET Q q 0 0 0 rg BT 217.90 251.50 Td (existing ) Tj ET Q q 0 0 0 rg BT 252.06 251.50 Td (and ) Tj ET Q q 0 0 0 rg BT 269.00 251.50 Td (core ) Tj ET Q q 0 0 0 rg BT 288.71 251.50 Td (technology ) Tj ET Q q 0 0 0 rg BT 335.64 251.50 Td (on ) Tj ET Q q 0 0 0 rg BT 348.14 251.50 Td (a ) Tj ET Q q 0 0 0 rg BT 355.08 251.50 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 405.90 251.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 428.40 251.50 Td (over ) Tj ET Q q 0 0 0 rg BT 448.67 251.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 489.49 251.50 Td (lives ) Tj ET Q q 0 0 0 rg BT 510.88 251.50 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.71 251.50 Td (3 ) Tj ET Q q 0 0 0 rg BT 529.21 251.50 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.31 251.50 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 229.60 Td (T) Tj ET Q q 0 0 0 rg BT 77.76 229.60 Td (rade ) Tj ET Q q 0 0 0 rg BT 96.36 229.60 Td (name ) Tj ET Q q 0 0 0 rg BT 119.40 229.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 161.33 229.60 Td (various ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.16 229.60 Td (DMD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.50 229.60 Td ( ) Tj ET Q q 0 0 0 rg BT 216.89 229.60 Td (brands, ) Tj ET Q q 0 0 0 rg BT 247.44 229.60 Td (registered ) Tj ET Q q 0 0 0 rg BT 288.25 229.60 Td (product ) Tj ET Q q 0 0 0 rg BT 320.19 229.60 Td (names ) Tj ET Q q 0 0 0 rg BT 347.13 229.60 Td (and ) Tj ET Q q 0 0 0 rg BT 362.96 229.60 Td (marks. ) Tj ET Q q 0 0 0 rg BT 391.19 229.60 Td (The ) Tj ET Q q 0 0 0 rg BT 408.13 229.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 423.40 229.60 Td (value ) Tj ET Q q 0 0 0 rg BT 446.45 229.60 Td (of ) Tj ET Q q 0 0 0 rg BT 456.17 229.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 477.54 229.60 Td (name ) Tj ET Q q 0 0 0 rg BT 500.59 229.60 Td (was ) Tj ET Q q 0 0 0 rg BT 517.53 229.60 Td (determined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 217.60 Td (by ) Tj ET Q q 0 0 0 rg BT 62.08 217.60 Td (estimating ) Tj ET Q q 0 0 0 rg BT 106.32 217.60 Td (a ) Tj ET Q q 0 0 0 rg BT 113.34 217.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 143.69 217.60 Td (from ) Tj ET Q q 0 0 0 rg BT 165.71 217.60 Td (owning ) Tj ET Q q 0 0 0 rg BT 198.29 217.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.09 217.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 235.11 217.60 Td (rather ) Tj ET Q q 0 0 0 rg BT 261.01 217.60 Td (than ) Tj ET Q q 0 0 0 rg BT 280.81 217.60 Td (paying ) Tj ET Q q 0 0 0 rg BT 310.61 217.60 Td (a ) Tj ET Q q 0 0 0 rg BT 317.63 217.60 Td (royalty ) Tj ET Q q 0 0 0 rg BT 348.54 217.60 Td (to ) Tj ET Q q 0 0 0 rg BT 358.90 217.60 Td (a ) Tj ET Q q 0 0 0 rg BT 365.92 217.60 Td (third ) Tj ET Q q 0 0 0 rg BT 387.38 217.60 Td (party ) Tj ET Q q 0 0 0 rg BT 410.51 217.60 Td (for ) Tj ET Q q 0 0 0 rg BT 424.76 217.60 Td (the ) Tj ET Q q 0 0 0 rg BT 439.55 217.60 Td (use ) Tj ET Q q 0 0 0 rg BT 455.47 217.60 Td (of ) Tj ET Q q 0 0 0 rg BT 466.38 217.60 Td (the ) Tj ET Q q 0 0 0 rg BT 481.18 217.60 Td (asset. ) Tj ET Q q 0 0 0 rg BT 505.51 217.60 Td (The ) Tj ET Q q 0 0 0 rg BT 523.64 217.60 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 205.60 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 205.60 Td (amortizing ) Tj ET Q q 0 0 0 rg BT 104.49 205.60 Td (the ) Tj ET Q q 0 0 0 rg BT 119.21 205.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 141.15 205.60 Td (on ) Tj ET Q q 0 0 0 rg BT 153.65 205.60 Td (a ) Tj ET Q q 0 0 0 rg BT 160.58 205.60 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 211.40 205.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 233.90 205.60 Td (over ) Tj ET Q q 0 0 0 rg BT 254.17 205.60 Td (an ) Tj ET Q q 0 0 0 rg BT 266.11 205.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 306.93 205.60 Td (life ) Tj ET Q q 0 0 0 rg BT 322.76 205.60 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.59 205.60 Td (3 ) Tj ET Q q 0 0 0 rg BT 341.09 205.60 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.19 205.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 183.70 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 111.67 183.70 Td (represents ) Tj ET Q q 0 0 0 rg BT 154.11 183.70 Td (the ) Tj ET Q q 0 0 0 rg BT 168.22 183.70 Td (excess ) Tj ET Q q 0 0 0 rg BT 196.21 183.70 Td (of ) Tj ET Q q 0 0 0 rg BT 206.44 183.70 Td (the ) Tj ET Q q 0 0 0 rg BT 220.55 183.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 257.99 183.70 Td (price ) Tj ET Q q 0 0 0 rg BT 279.87 183.70 Td (of ) Tj ET Q q 0 0 0 rg BT 290.09 183.70 Td (an ) Tj ET Q q 0 0 0 rg BT 301.43 183.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 337.75 183.70 Td (business ) Tj ET Q q 0 0 0 rg BT 373.54 183.70 Td (over ) Tj ET Q q 0 0 0 rg BT 393.20 183.70 Td (the ) Tj ET Q q 0 0 0 rg BT 407.31 183.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 423.09 183.70 Td (value ) Tj ET Q q 0 0 0 rg BT 446.64 183.70 Td (of ) Tj ET Q q 0 0 0 rg BT 456.86 183.70 Td (the ) Tj ET Q q 0 0 0 rg BT 470.98 183.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 516.20 183.70 Td (net ) Tj ET Q q 0 0 0 rg BT 530.31 183.70 Td (tangible ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 171.70 Td (and ) Tj ET Q q 0 0 0 rg BT 66.72 171.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 109.50 171.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 135.62 171.70 Td (and ) Tj ET Q q 0 0 0 rg BT 152.84 171.70 Td (is ) Tj ET Q q 0 0 0 rg BT 162.30 171.70 Td (not ) Tj ET Q q 0 0 0 rg BT 177.86 171.70 Td (deductible ) Tj ET Q q 0 0 0 rg BT 222.30 171.70 Td (for ) Tj ET Q q 0 0 0 rg BT 236.74 171.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 251.74 171.70 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 291.97 171.70 Td (Among ) Tj ET Q q 0 0 0 rg BT 324.75 171.70 Td (the ) Tj ET Q q 0 0 0 rg BT 339.75 171.70 Td (factors ) Tj ET Q q 0 0 0 rg BT 369.75 171.70 Td (that ) Tj ET Q q 0 0 0 rg BT 387.53 171.70 Td (contributed ) Tj ET Q q 0 0 0 rg BT 435.86 171.70 Td (to ) Tj ET Q q 0 0 0 rg BT 446.42 171.70 Td (a ) Tj ET Q q 0 0 0 rg BT 453.64 171.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 491.97 171.70 Td (price ) Tj ET Q q 0 0 0 rg BT 514.74 171.70 Td (in ) Tj ET Q q 0 0 0 rg BT 525.30 171.70 Td (excess ) Tj ET Q q 0 0 0 rg BT 554.19 171.70 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 159.70 Td (the ) Tj ET Q q 0 0 0 rg BT 64.66 159.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 81.49 159.70 Td (value ) Tj ET Q q 0 0 0 rg BT 106.09 159.70 Td (of ) Tj ET Q q 0 0 0 rg BT 117.36 159.70 Td (the ) Tj ET Q q 0 0 0 rg BT 132.52 159.70 Td (net ) Tj ET Q q 0 0 0 rg BT 147.69 159.70 Td (tangible ) Tj ET Q q 0 0 0 rg BT 182.85 159.70 Td (and ) Tj ET Q q 0 0 0 rg BT 200.23 159.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 243.17 159.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 269.44 159.70 Td (was ) Tj ET Q q 0 0 0 rg BT 287.94 159.70 Td (the ) Tj ET Q q 0 0 0 rg BT 303.10 159.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 349.93 159.70 Td (of ) Tj ET Q q 0 0 0 rg BT 361.21 159.70 Td (an ) Tj ET Q q 0 0 0 rg BT 373.59 159.70 Td (assembled ) Tj ET Q q 0 0 0 rg BT 418.19 159.70 Td (workforce ) Tj ET Q q 0 0 0 rg BT 462.23 159.70 Td (of ) Tj ET Q q 0 0 0 rg BT 473.50 159.70 Td (experienced ) Tj ET Q q 0 0 0 rg BT 524.75 159.70 Td (mortgage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 147.70 Td (origination ) Tj ET Q q 0 0 0 rg BT 97.93 147.70 Td (software ) Tj ET Q q 0 0 0 rg BT 136.91 147.70 Td (development ) Tj ET Q q 0 0 0 rg BT 193.11 147.70 Td (engineers, ) Tj ET Q q 0 0 0 rg BT 238.47 147.70 Td (syner) Tj ET Q q 0 0 0 rg BT 259.95 147.70 Td (gies ) Tj ET Q q 0 0 0 rg BT 280.61 147.70 Td (in ) Tj ET Q q 0 0 0 rg BT 292.94 147.70 Td (products, ) Tj ET Q q 0 0 0 rg BT 334.42 147.70 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 392.01 147.70 Td (skill ) Tj ET Q q 0 0 0 rg BT 413.79 147.70 Td (sets, ) Tj ET Q q 0 0 0 rg BT 435.84 147.70 Td (operations, ) Tj ET Q q 0 0 0 rg BT 484.54 147.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 525.75 147.70 Td (base ) Tj ET Q q 0 0 0 rg BT 548.06 147.70 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 135.70 Td (or) Tj ET Q q 0 0 0 rg BT 57.65 135.70 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 108.89 135.70 Td (cultures ) Tj ET Q q 0 0 0 rg BT 142.91 135.70 Td (that ) Tj ET Q q 0 0 0 rg BT 160.28 135.70 Td (can ) Tj ET Q q 0 0 0 rg BT 176.52 135.70 Td (be ) Tj ET Q q 0 0 0 rg BT 188.33 135.70 Td (leveraged ) Tj ET Q q 0 0 0 rg BT 229.56 135.70 Td (to ) Tj ET Q q 0 0 0 rg BT 239.71 135.70 Td (enable ) Tj ET Q q 0 0 0 rg BT 268.17 135.70 Td (the ) Tj ET Q q 0 0 0 rg BT 282.76 135.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 324.02 135.70 Td (to ) Tj ET Q q 0 0 0 rg BT 334.16 135.70 Td (build ) Tj ET Q q 0 0 0 rg BT 357.09 135.70 Td (an ) Tj ET Q q 0 0 0 rg BT 368.90 135.70 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 410.69 135.70 Td (value ) Tj ET Q q 0 0 0 rg BT 434.72 135.70 Td (greater ) Tj ET Q q 0 0 0 rg BT 464.84 135.70 Td (than ) Tj ET Q q 0 0 0 rg BT 484.43 135.70 Td (the ) Tj ET Q q 0 0 0 rg BT 499.01 135.70 Td (sum ) Tj ET Q q 0 0 0 rg BT 518.05 135.70 Td (of ) Tj ET Q q 0 0 0 rg BT 528.75 135.70 Td (its ) Tj ET Q q 0 0 0 rg BT 540.57 135.70 Td (parts.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 108.06699218749998 m 175.5986328125 108.06699218749998 l s q 0 0 0 rg BT 49.50 109.40 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 90.88 109.40 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 122.26 109.40 Td (System, ) Tj ET Q q 0 0 0 rg BT 156.71 109.40 Td (LLC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 93.00 Td (On ) Tj ET Q q 0 0 0 rg BT 87.61 93.00 Td (January3, ) Tj ET Q q 0 0 0 rg BT 131.59 93.00 Td (201) Tj ET Q q 0 0 0 rg BT 146.22 93.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 156.61 93.00 Td (the ) Tj ET Q q 0 0 0 rg BT 171.71 93.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 213.49 93.00 Td (purchased ) Tj ET Q q 0 0 0 rg BT 256.91 93.00 Td (substantially ) Tj ET Q q 0 0 0 rg BT 310.35 93.00 Td (all ) Tj ET Q q 0 0 0 rg BT 323.23 93.00 Td (of ) Tj ET Q q 0 0 0 rg BT 334.45 93.00 Td (the ) Tj ET Q q 0 0 0 rg BT 349.56 93.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 375.77 93.00 Td (of ) Tj ET Q q 0 0 0 rg BT 386.99 93.00 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 428.75 93.00 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 460.53 93.00 Td (System, ) Tj ET Q q 0 0 0 rg BT 495.36 93.00 Td (LLC ) Tj ET Q q 0 0 0 rg BT 517.14 93.00 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.91 93.00 Td (MPS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.92 93.00 Td (\), ) Tj ET Q q 0 0 0 rg BT 558.08 93.00 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 81.00 Td (developer ) Tj ET Q q 0 0 0 rg BT 91.69 81.00 Td (of ) Tj ET Q q 0 0 0 rg BT 102.78 81.00 Td (sophisticated ) Tj ET Q q 0 0 0 rg BT 157.75 81.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 188.84 81.00 Td (solutions ) Tj ET Q q 0 0 0 rg BT 227.72 81.00 Td (for ) Tj ET Q q 0 0 0 rg BT 242.14 81.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 282.66 81.00 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 316.60 81.00 Td (The ) Tj ET Q q 0 0 0 rg BT 334.91 81.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 381.55 81.00 Td (was ) Tj ET Q q 0 0 0 rg BT 399.86 81.00 Td (accounted ) Tj ET Q q 0 0 0 rg BT 443.16 81.00 Td (for ) Tj ET Q q 0 0 0 rg BT 457.58 81.00 Td (as ) Tj ET Q q 0 0 0 rg BT 468.67 81.00 Td (a ) Tj ET Q q 0 0 0 rg BT 475.87 81.00 Td (business ) Tj ET Q q 0 0 0 rg BT 512.52 81.00 Td (combination ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 69.00 Td (and, ) Tj ET Q q 0 0 0 rg BT 68.69 69.00 Td (accordingly) Tj ET Q q 0 0 0 rg BT 115.24 69.00 Td (, ) Tj ET Q q 0 0 0 rg BT 120.00 69.00 Td (the ) Tj ET Q q 0 0 0 rg BT 134.47 69.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 172.25 69.00 Td (consideration ) Tj ET Q q 0 0 0 rg BT 228.38 69.00 Td (was ) Tj ET Q q 0 0 0 rg BT 246.18 69.00 Td (allocated ) Tj ET Q q 0 0 0 rg BT 284.52 69.00 Td (to ) Tj ET Q q 0 0 0 rg BT 294.56 69.00 Td (the ) Tj ET Q q 0 0 0 rg BT 309.02 69.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 334.61 69.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 371.28 69.00 Td (and ) Tj ET Q q 0 0 0 rg BT 387.97 69.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 427.44 69.00 Td (assumed ) Tj ET Q q 0 0 0 rg BT 464.13 69.00 Td (based ) Tj ET Q q 0 0 0 rg BT 489.16 69.00 Td (on ) Tj ET Q q 0 0 0 rg BT 501.41 69.00 Td (their ) Tj ET Q q 0 0 0 rg BT 521.99 69.00 Td (respective ) Tj ET Q endstream endobj 133 0 obj <> endobj 134 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (64) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.19 740.10 Td (values. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.06 740.10 Td (MPS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.07 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 127.11 740.10 Td (results ) Tj ET Q q 0 0 0 rg BT 156.04 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.19 740.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 211.66 740.10 Td (are ) Tj ET Q q 0 0 0 rg BT 226.68 740.10 Td (included ) Tj ET Q q 0 0 0 rg BT 263.93 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.53 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.56 740.10 Td (Company) Tj ET Q q 0 0 0 rg BT 331.23 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 337.94 740.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 391.30 740.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 436.33 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.47 740.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 510.82 740.10 Td (income ) Tj ET Q q 0 0 0 rg BT 543.07 740.10 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 728.10 Td (date ) Tj ET Q q 0 0 0 rg BT 83.37 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.20 728.10 Td (acquisition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 706.20 Td (The ) Tj ET Q q 0 0 0 rg BT 90.71 706.20 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 132.23 706.20 Td (purchase ) Tj ET Q q 0 0 0 rg BT 170.43 706.20 Td (consideration ) Tj ET Q q 0 0 0 rg BT 226.96 706.20 Td (was ) Tj ET Q q 0 0 0 rg BT 245.18 706.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 265.61 706.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.60 706.20 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 296.76 706.20 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.65 706.20 Td (. ) Tj ET Q q 0 0 0 rg BT 330.62 706.20 Td (The ) Tj ET Q q 0 0 0 rg BT 348.83 706.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 381.48 706.20 Td (allocated ) Tj ET Q q 0 0 0 rg BT 420.23 706.20 Td (to ) Tj ET Q q 0 0 0 rg BT 430.67 706.20 Td (intangible ) Tj ET Q q 0 0 0 rg BT 473.32 706.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 499.31 706.20 Td (was ) Tj ET Q q 0 0 0 rg BT 517.53 706.20 Td (determined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 694.20 Td (based ) Tj ET Q q 0 0 0 rg BT 74.77 694.20 Td (on ) Tj ET Q q 0 0 0 rg BT 87.27 694.20 Td (management) Tj ET Q q 0 0 0 rg BT 141.14 694.20 Td (s ) Tj ET Q q 0 0 0 rg BT 147.53 694.20 Td (estimate ) Tj ET Q q 0 0 0 rg BT 183.35 694.20 Td (of ) Tj ET Q q 0 0 0 rg BT 194.18 694.20 Td (fair ) Tj ET Q q 0 0 0 rg BT 210.55 694.20 Td (value ) Tj ET Q q 0 0 0 rg BT 234.71 694.20 Td (using ) Tj ET Q q 0 0 0 rg BT 258.88 694.20 Td (a ) Tj ET Q q 0 0 0 rg BT 265.82 694.20 Td (probability ) Tj ET Q q 0 0 0 rg BT 312.20 694.20 Td (weighted ) Tj ET Q q 0 0 0 rg BT 351.36 694.20 Td (discounted ) Tj ET Q q 0 0 0 rg BT 397.18 694.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 417.45 694.20 Td (flow ) Tj ET Q q 0 0 0 rg BT 438.28 694.20 Td (model.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 672.30 Td (The ) Tj ET Q q 0 0 0 rg BT 90.71 672.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 128.90 672.30 Td (price ) Tj ET Q q 0 0 0 rg BT 151.55 672.30 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.54 672.30 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 182.70 672.30 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.59 672.30 Td ( ) Tj ET Q q 0 0 0 rg BT 214.25 672.30 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 254.10 672.30 Td (the ) Tj ET Q q 0 0 0 rg BT 268.98 672.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 285.52 672.30 Td (value ) Tj ET Q q 0 0 0 rg BT 309.83 672.30 Td (of ) Tj ET Q q 0 0 0 rg BT 320.82 672.30 Td (the ) Tj ET Q q 0 0 0 rg BT 335.70 672.30 Td (net ) Tj ET Q q 0 0 0 rg BT 350.58 672.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 376.57 672.30 Td (acquired ) Tj ET Q q 0 0 0 rg BT 413.65 672.30 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.64 672.30 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 444.80 672.30 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.69 672.30 Td (, ) Tj ET Q q 0 0 0 rg BT 478.85 672.30 Td (resulting ) Tj ET Q q 0 0 0 rg BT 516.51 672.30 Td (in ) Tj ET Q q 0 0 0 rg BT 526.95 672.30 Td (goodwill ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 660.30 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.01 660.30 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 79.69 660.30 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.58 660.30 Td (, ) Tj ET Q q 0 0 0 rg BT 113.25 660.30 Td (none ) Tj ET Q q 0 0 0 rg BT 134.87 660.30 Td (of ) Tj ET Q q 0 0 0 rg BT 145.38 660.30 Td (which ) Tj ET Q q 0 0 0 rg BT 172.00 660.30 Td (is ) Tj ET Q q 0 0 0 rg BT 180.84 660.30 Td (deductible ) Tj ET Q q 0 0 0 rg BT 224.67 660.30 Td (for ) Tj ET Q q 0 0 0 rg BT 238.51 660.30 Td (income ) Tj ET Q q 0 0 0 rg BT 270.12 660.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 284.51 660.30 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 324.74 660.30 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 364.70 660.30 Td (arising ) Tj ET Q q 0 0 0 rg BT 394.09 660.30 Td (from ) Tj ET Q q 0 0 0 rg BT 415.71 660.30 Td (the ) Tj ET Q q 0 0 0 rg BT 430.11 660.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 476.17 660.30 Td (consists ) Tj ET Q q 0 0 0 rg BT 510.01 660.30 Td (lar) Tj ET Q q 0 0 0 rg BT 520.38 660.30 Td (gely ) Tj ET Q q 0 0 0 rg BT 539.77 660.30 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 660.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 648.30 Td (syner) Tj ET Q q 0 0 0 rg BT 70.98 648.30 Td (gies ) Tj ET Q q 0 0 0 rg BT 88.90 648.30 Td (and ) Tj ET Q q 0 0 0 rg BT 105.15 648.30 Td (economies ) Tj ET Q q 0 0 0 rg BT 149.73 648.30 Td (of ) Tj ET Q q 0 0 0 rg BT 159.87 648.30 Td (scale ) Tj ET Q q 0 0 0 rg BT 181.67 648.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 219.02 648.30 Td (from ) Tj ET Q q 0 0 0 rg BT 240.27 648.30 Td (integrating ) Tj ET Q q 0 0 0 rg BT 285.40 648.30 Td (the ) Tj ET Q q 0 0 0 rg BT 299.43 648.30 Td (service ) Tj ET Q q 0 0 0 rg BT 329.56 648.30 Td (of) Tj ET Q q 0 0 0 rg BT 337.71 648.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 363.40 648.30 Td (and ) Tj ET Q q 0 0 0 rg BT 379.65 648.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 423.12 648.30 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.26 648.30 Td (MPS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.28 648.30 Td ( ) Tj ET Q q 0 0 0 rg BT 455.09 648.30 Td (with ) Tj ET Q q 0 0 0 rg BT 474.68 648.30 Td (those ) Tj ET Q q 0 0 0 rg BT 497.60 648.30 Td (of ) Tj ET Q q 0 0 0 rg BT 507.74 648.30 Td (the ) Tj ET Q q 0 0 0 rg BT 521.77 648.30 Td (Company) Tj ET Q q 0 0 0 rg BT 560.01 648.30 Td (.) 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Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 424.8669921875 m 108.376953125 424.8669921875 l s q 0 0 0 rg BT 49.50 426.20 Td (MortgageCEO) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 402.20 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 402.20 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.33 402.20 Td (January 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.93 402.20 Td (, the Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.03 402.20 Td (acquired substantially all the assets of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.38 402.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.33 402.20 Td (ARG Interactive, LLC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.58 402.20 Td ( \(dba ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.35 402.20 Td (MortgageCEO) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.22 402.20 Td (\), ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.55 402.20 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 390.20 Td (SaaS company specializing in customer relationship management and marketing solutions for the residential mortgage industry) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.17 390.20 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 378.20 Td (The purchase price was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.12 378.20 Td ($5.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.01 378.20 Td (. ) Tj ET Q q 0 0 0 rg BT 199.83 378.20 Td (The Company retained ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.97 378.20 Td ($0.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.86 378.20 Td ( from the purchase price to cover closing capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 366.20 Td (settlement adjustments and any indemnity claims, which will be paid 18 months after the date of acquisition.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 339.90 Td (NOTE ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.34 339.90 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.34 339.90 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 95.34 339.90 Td (Balance ) Tj ET Q q 0 0 0 rg BT 131.73 339.90 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 157.56 339.90 Td (Components) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 211.45 339.90 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 313.90 Td (Prepaid ) Tj ET Q q 0 0 0 rg BT 96.22 313.90 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 137.61 313.90 Td (and ) Tj ET Q q 0 0 0 rg BT 155.67 313.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 182.06 313.90 Td (Current ) Tj ET Q q 0 0 0 rg BT 216.98 313.90 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 297.50 Td (Prepaid ) Tj ET Q q 0 0 0 rg BT 105.55 297.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 144.15 297.50 Td (and ) Tj ET Q q 0 0 0 rg BT 161.08 297.50 Td (other ) Tj ET Q q 0 0 0 rg BT 184.13 297.50 Td (current ) Tj ET Q q 0 0 0 rg BT 214.95 297.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 240.78 297.50 Td (consisted ) Tj ET Q q 0 0 0 rg BT 280.49 297.50 Td (of ) Tj ET Q q 0 0 0 rg BT 291.32 297.50 Td (the ) Tj ET Q q 0 0 0 rg BT 306.04 297.50 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 242.00 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 242.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 242.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 242.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 212.00 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 212.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 212.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 212.00 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 182.00 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 182.00 65.00 -15.00 re f /GS0 gs 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BT 472.25 276.23 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 261.67 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.00 261.23 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.00 261.23 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 246.67 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.15 246.23 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 231.67 Td (Prepaid expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.50 231.67 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 231.67 Td (3,450) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.50 231.67 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 231.67 Td (2,484) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 216.67 Td (Income tax receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 216.67 Td (2,550) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 216.67 Td (150) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 201.67 Td (Deferred tax assets, net) Tj ET Q BT /F2 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q 0 0 0 rg BT 318.77 377.05 Td (only ) Tj ET Q q 0 0 0 rg BT 339.35 377.05 Td (payments ) Tj ET Q q 0 0 0 rg BT 380.47 377.05 Td (through ) Tj ET Q q 0 0 0 rg BT 414.38 377.05 Td (the ) Tj ET Q q 0 0 0 rg BT 429.39 377.05 Td (extension ) Tj ET Q q 0 0 0 rg BT 470.51 377.05 Td (date, ) Tj ET Q q 0 0 0 rg BT 492.46 377.05 Td (at ) Tj ET Q q 0 0 0 rg BT 502.48 377.05 Td (which ) Tj ET Q q 0 0 0 rg BT 529.71 377.05 Td (time ) Tj ET Q q 0 0 0 rg BT 550.28 377.05 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 365.05 Td (principal ) Tj ET Q q 0 0 0 rg BT 87.84 365.05 Td (balance ) Tj ET Q q 0 0 0 rg BT 121.17 365.05 Td (and ) Tj ET Q q 0 0 0 rg BT 138.41 365.05 Td (any ) Tj ET Q q 0 0 0 rg BT 155.64 365.05 Td (remaining ) Tj ET Q q 0 0 0 rg BT 198.98 365.05 Td (accrued ) Tj ET Q q 0 0 0 rg BT 232.86 365.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 265.10 365.05 Td (was ) Tj ET Q q 0 0 0 rg BT 283.45 365.05 Td (due ) Tj ET Q q 0 0 0 rg BT 300.68 365.05 Td (and ) Tj ET Q q 0 0 0 rg BT 317.92 365.05 Td (payable. ) Tj ET Q q 0 0 0 rg BT 354.11 365.05 Td (The ) Tj ET Q q 0 0 0 rg BT 372.45 365.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 414.14 365.05 Td (recorded ) Tj ET Q q 0 0 0 rg BT 451.91 365.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 484.14 365.05 Td (income ) Tj ET Q q 0 0 0 rg BT 516.37 365.05 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.50 365.05 Td ($78,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.00 365.05 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 353.05 Td ($100,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.00 353.05 Td (, ) Tj ET Q q 0 0 0 rg BT 92.27 353.05 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.49 353.05 Td ($100,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.99 353.05 Td ( ) Tj ET Q q 0 0 0 rg BT 149.76 353.05 Td (for ) Tj ET Q q 0 0 0 rg BT 164.20 353.05 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.19 353.05 Td (years ) Tj ET Q q 0 0 0 rg BT 203.06 353.05 Td (ended ) Tj ET Q q 0 0 0 rg BT 229.72 353.05 Td (December ) Tj ET Q q 0 0 0 rg BT 273.57 353.05 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.07 353.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.85 353.05 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.85 353.05 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.12 353.05 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.12 353.05 Td (, ) Tj ET Q q 0 0 0 rg BT 339.40 353.05 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.61 353.05 Td (201) Tj ET Q q 0 0 0 rg BT 371.24 353.05 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.24 353.05 Td (, ) Tj ET Q q 0 0 0 rg BT 381.52 353.05 Td (respectively) Tj ET Q q 0 0 0 rg BT 429.18 353.05 Td (. ) Tj ET Q q 0 0 0 rg BT 434.25 353.05 Td (The ) Tj ET Q q 0 0 0 rg BT 452.57 353.05 Td (private ) Tj ET Q q 0 0 0 rg BT 483.11 353.05 Td (company ) Tj ET Q q 0 0 0 rg BT 522.54 353.05 Td (repaid ) Tj ET Q q 0 0 0 rg BT 550.30 353.05 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 341.05 Td (note ) Tj ET Q q 0 0 0 rg BT 69.22 341.05 Td (in ) Tj ET Q q 0 0 0 rg BT 79.50 341.05 Td (full ) Tj ET Q q 0 0 0 rg BT 95.88 341.05 Td (in ) Tj ET Q q 0 0 0 rg BT 106.16 341.05 Td (October ) Tj ET Q q 0 0 0 rg BT 140.87 341.05 Td (2013.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 315.05 Td (Other ) Tj ET Q q 0 0 0 rg BT 87.89 315.05 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 132.81 315.05 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 298.65 Td (Other ) Tj ET Q q 0 0 0 rg BT 97.77 298.65 Td (intangible ) Tj ET Q q 0 0 0 rg BT 140.26 298.65 Td (assets, ) Tj ET Q q 0 0 0 rg BT 168.59 298.65 Td (net, ) Tj ET Q q 0 0 0 rg BT 185.81 298.65 Td (consisted ) Tj ET Q q 0 0 0 rg BT 225.52 298.65 Td (of ) Tj ET Q q 0 0 0 rg BT 236.35 298.65 Td (the ) Tj ET Q q 0 0 0 rg BT 251.07 298.65 Td (following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 239.15 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 239.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 239.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 239.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 239.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 239.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 239.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 239.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 209.15 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 209.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 209.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 209.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 209.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 209.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 209.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 209.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 121.15 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 121.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 121.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 121.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 121.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 121.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 121.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 121.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 91.15 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.00 91.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 91.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.00 91.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.00 91.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 91.15 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.00 91.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 91.15 83.00 -15.00 re f /GS0 gs 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194.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 194.14999999999998 m 389 194.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 194.14999999999998 m 476 194.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476 194.14999999999998 m 480 194.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 180.14999999999998 m 302 180.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219 178.14999999999998 m 302 178.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 194.14999999999998 m 389 194.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 180.14999999999998 m 389 180.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 178.14999999999998 m 389 178.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 194.14999999999998 m 476 194.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 180.14999999999998 m 476 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0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 62.14999999999998 m 389 62.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 60.14999999999998 m 389 60.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 76.14999999999998 m 476 76.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 62.14999999999998 m 476 62.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 60.14999999999998 m 476 60.14999999999998 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.25 279.38 Td (December 31, 2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 234.40 266.38 Td (Gross carrying) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.85 258.38 Td (amount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 324.30 266.38 Td (Accumulated) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 325.00 258.38 Td (amortization) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.30 258.38 Td (Net intangibles) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.05 266.38 Td (Weighted Average) Tj ET Q BT /F3 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Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.50 539.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 524.27 Td (Depreciation and amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.30 524.32 Td (\(4,508) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.15 524.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.30 524.32 Td (\(4,502) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.15 524.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 509.27 Td (Book/tax basis in acquired assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.80 509.32 Td (\(112) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.15 509.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.80 509.32 Td (\(65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.15 509.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 494.27 Td (Total deferred tax liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.30 494.32 Td (\(4,620) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.15 494.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 533.30 494.32 Td (\(4,567) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.15 494.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 479.27 Td (Net deferred tax assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.50 479.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 479.27 Td (3,502) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.50 479.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 479.27 Td (515) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 454.10 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.58 454.10 Td (, the Company had recorded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.10 454.10 Td ($25,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.60 454.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.93 454.10 Td (net current deferred tax assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.32 454.10 Td ( in Prepaid 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 397.10 Td (The Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.93 397.10 Td (continues to maintain a) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.97 397.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.47 397.10 Td (valuation allowance against the deferred tax assets related to certain state research ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 385.10 Td (and development tax credits, the realization of which is uncertain as) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.35 385.10 Td ( the Company expects ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.43 385.10 Td (to generate additional such credits at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 373.10 Td (a faster rate than) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.85 373.10 Td ( it is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.57 373.10 Td (able to utilize them) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.49 373.10 Td (. ) Tj ET Q q 0 0 0 rg BT 219.81 373.10 Td (The valuation allowance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.60 373.10 Td (decreased by) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.52 373.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.02 373.10 Td ($2.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.91 373.10 Td ( in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.69 373.10 Td (201) Tj ET Q q 0 0 0 rg BT 451.32 373.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.32 373.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.32 373.10 Td (decreased by) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.23 373.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.73 373.10 Td ($6.5 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 361.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 361.10 Td ( in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.17 361.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.17 361.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.61 361.10 Td (increased by) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.86 361.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.36 361.10 Td ($0.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.25 361.10 Td ( in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.03 361.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.03 361.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 339.20 Td (The ) Tj ET Q q 0 0 0 rg BT 91.96 339.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.76 339.20 Td (utilized ) Tj ET Q q 0 0 0 rg BT 168.66 339.20 Td (all ) Tj ET Q q 0 0 0 rg BT 182.57 339.20 Td (of ) Tj ET Q q 0 0 0 rg BT 194.81 339.20 Td (its ) Tj ET Q q 0 0 0 rg BT 208.18 339.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 239.84 339.20 Td (net ) Tj ET Q q 0 0 0 rg BT 255.97 339.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 297.65 339.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 317.12 339.20 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.89 339.20 Td (NOL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.44 339.20 Td (\) ) Tj ET Q q 0 0 0 rg BT 357.13 339.20 Td (during ) Tj ET Q q 0 0 0 rg BT 387.15 339.20 Td (the ) Tj ET Q q 0 0 0 rg BT 403.28 339.20 Td (year ) Tj ET Q q 0 0 0 rg BT 424.40 339.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 452.19 339.20 Td (December ) Tj ET Q q 0 0 0 rg BT 497.18 339.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 513.60 339.20 Td (2013. ) Tj ET Q q 0 0 0 rg BT 539.15 339.20 Td (As ) Tj ET Q q 0 0 0 rg BT 554.17 339.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 327.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.56 327.20 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.56 327.20 Td (, ) Tj ET Q q 0 0 0 rg BT 132.03 327.20 Td (the ) Tj ET Q q 0 0 0 rg BT 146.22 327.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 187.07 327.20 Td (had ) Tj ET Q q 0 0 0 rg BT 203.48 327.20 Td (state ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.78 327.20 Td (NOL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.96 327.20 Td ( ) Tj ET Q q 0 0 0 rg BT 245.93 327.20 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 303.98 327.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.29 327.20 Td ($1) Tj ET Q q 0 0 0 rg BT 323.92 327.20 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 338.39 327.20 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.28 327.20 Td (, ) Tj ET Q q 0 0 0 rg BT 371.75 327.20 Td (available ) Tj ET Q q 0 0 0 rg BT 409.81 327.20 Td (to ) Tj ET Q q 0 0 0 rg BT 419.56 327.20 Td (reduce ) Tj ET Q q 0 0 0 rg BT 448.18 327.20 Td (future ) Tj ET Q q 0 0 0 rg BT 474.03 327.20 Td (taxable ) Tj ET Q q 0 0 0 rg BT 504.87 327.20 Td (income. ) Tj ET Q q 0 0 0 rg BT 538.63 327.20 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 315.20 Td (state ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.17 315.20 Td (NOL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.35 315.20 Td ( ) Tj ET Q q 0 0 0 rg BT 92.70 315.20 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 151.13 315.20 Td (will ) Tj ET Q q 0 0 0 rg BT 169.03 315.20 Td (begin ) Tj ET Q q 0 0 0 rg BT 193.60 315.20 Td (to ) Tj ET Q q 0 0 0 rg BT 203.72 315.20 Td (expire ) Tj ET Q q 0 0 0 rg BT 231.06 315.20 Td (commencing ) Tj ET Q q 0 0 0 rg BT 285.05 315.20 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.18 315.20 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.18 315.20 Td (. ) Tj ET Q q 0 0 0 rg BT 319.51 315.20 Td (As ) Tj ET Q q 0 0 0 rg BT 332.97 315.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.65 315.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 402.08 315.20 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.08 315.20 Td (, ) Tj ET Q q 0 0 0 rg BT 426.93 315.20 Td (the ) Tj ET Q q 0 0 0 rg BT 441.49 315.20 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.73 315.20 Td (also ) Tj ET Q q 0 0 0 rg BT 501.18 315.20 Td (had ) Tj ET Q q 0 0 0 rg BT 517.97 315.20 Td (federal ) Tj ET Q q 0 0 0 rg BT 548.07 315.20 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 303.20 Td (state ) Tj ET Q q 0 0 0 rg BT 70.70 303.20 Td (research ) Tj ET Q q 0 0 0 rg BT 106.89 303.20 Td (and ) Tj ET Q q 0 0 0 rg BT 124.20 303.20 Td (development ) Tj ET Q q 0 0 0 rg BT 178.73 303.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 193.82 303.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 219.46 303.20 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 278.42 303.20 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.75 303.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 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0 0 rg BT 111.98 279.20 Td (commencing ) Tj ET Q q 0 0 0 rg BT 166.13 279.20 Td (in) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.91 279.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.41 279.20 Td (2028) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.41 279.20 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.23 279.20 Td (The ) Tj ET Q q 0 0 0 rg BT 219.28 279.20 Td (state ) Tj ET Q q 0 0 0 rg BT 240.10 279.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 254.82 279.20 Td (credit ) Tj ET Q q 0 0 0 rg BT 280.08 279.20 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 338.66 279.20 Td (may ) Tj ET Q q 0 0 0 rg BT 358.38 279.20 Td (be ) Tj ET Q q 0 0 0 rg BT 370.32 279.20 Td (carried ) Tj ET Q q 0 0 0 rg BT 400.57 279.20 Td (forward ) Tj ET Q q 0 0 0 rg BT 434.72 279.20 Td (indefinitely) Tj ET Q q 0 0 0 rg BT 480.17 279.20 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.17 279.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 257.30 Td (Internal ) Tj ET Q q 0 0 0 rg BT 105.84 257.30 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 143.07 257.30 Td (Code ) Tj ET Q q 0 0 0 rg BT 166.43 257.30 Td (Section382 ) Tj ET Q q 0 0 0 rg BT 216.17 257.30 Td (places ) Tj ET Q q 0 0 0 rg BT 243.41 257.30 Td (a ) Tj ET Q q 0 0 0 rg BT 250.09 257.30 Td (limitation ) Tj ET Q q 0 0 0 rg BT 291.23 257.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 309.02 257.30 Td (Section ) Tj ET Q q 0 0 0 rg BT 345.70 257.30 Td (382 ) Tj ET Q q 0 0 0 rg BT 362.95 257.30 Td (Limitation\) ) Tj ET Q q 0 0 0 rg BT 415.18 257.30 Td (on ) Tj ET Q q 0 0 0 rg BT 427.43 257.30 Td (the ) Tj ET Q q 0 0 0 rg BT 441.89 257.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 474.14 257.30 Td (of ) Tj ET Q q 0 0 0 rg BT 484.71 257.30 Td (taxable ) Tj ET Q q 0 0 0 rg BT 515.83 257.30 Td (income ) Tj ET Q q 0 0 0 rg BT 547.52 257.30 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 245.30 Td (can ) Tj ET Q q 0 0 0 rg BT 64.89 245.30 Td (be ) Tj ET Q q 0 0 0 rg BT 75.85 245.30 Td (of) Tj ET Q q 0 0 0 rg BT 84.00 245.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 99.95 245.30 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.47 245.30 Td (NOL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.65 245.30 Td ( ) Tj ET Q q 0 0 0 rg BT 133.16 245.30 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 190.76 245.30 Td (after ) Tj ET Q q 0 0 0 rg BT 210.59 245.30 Td (a ) Tj ET Q q 0 0 0 rg BT 216.55 245.30 Td (change ) Tj ET Q q 0 0 0 rg BT 246.38 245.30 Td (in ) Tj ET Q q 0 0 0 rg BT 255.67 245.30 Td (control ) Tj ET Q q 0 0 0 rg BT 285.51 245.30 Td (\(generally ) Tj ET Q q 0 0 0 rg BT 327.56 245.30 Td (greater ) Tj ET Q q 0 0 0 rg BT 356.83 245.30 Td (than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.56 245.30 Td (50%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.89 245.30 Td ( ) Tj ET Q q 0 0 0 rg BT 395.41 245.30 Td (change ) Tj ET Q q 0 0 0 rg BT 425.24 245.30 Td (in ) Tj ET Q q 0 0 0 rg BT 434.54 245.30 Td (ownership\) ) Tj ET Q q 0 0 0 rg BT 481.04 245.30 Td (of ) Tj ET Q q 0 0 0 rg BT 490.89 245.30 Td (a ) Tj ET Q q 0 0 0 rg BT 496.84 245.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 513.92 245.30 Td (corporation. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 233.30 Td (California ) Tj ET Q q 0 0 0 rg BT 92.68 233.30 Td (has ) Tj ET Q q 0 0 0 rg BT 108.65 233.30 Td (similar ) Tj ET Q q 0 0 0 rg BT 139.07 233.30 Td (rules. ) Tj ET Q q 0 0 0 rg BT 163.46 233.30 Td (The ) Tj ET Q q 0 0 0 rg BT 181.64 233.30 Td (Company) Tj ET Q q 0 0 0 rg BT 223.31 233.30 Td (s ) Tj ET Q q 0 0 0 rg BT 229.84 233.30 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 286.34 233.30 Td (as ) Tj ET Q q 0 0 0 rg BT 297.31 233.30 Td (described ) Tj ET Q q 0 0 0 rg BT 338.27 233.30 Td (herein ) Tj ET Q q 0 0 0 rg BT 365.90 233.30 Td (may ) Tj ET Q q 0 0 0 rg BT 385.75 233.30 Td (have ) Tj ET Q q 0 0 0 rg BT 407.27 233.30 Td (created ) Tj ET Q q 0 0 0 rg BT 438.77 233.30 Td (such ) Tj ET Q q 0 0 0 rg BT 459.74 233.30 Td (a ) Tj ET Q q 0 0 0 rg BT 466.82 233.30 Td (change. ) Tj ET Q q 0 0 0 rg BT 500.28 233.30 Td (Generally) Tj ET Q q 0 0 0 rg BT 539.05 233.30 Td (, ) Tj ET Q q 0 0 0 rg BT 544.19 233.30 Td (after ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 221.30 Td (a ) Tj ET Q q 0 0 0 rg BT 57.39 221.30 Td (control ) Tj ET Q q 0 0 0 rg BT 89.17 221.30 Td (change, ) Tj ET Q q 0 0 0 rg BT 123.44 221.30 Td (a ) Tj ET Q q 0 0 0 rg BT 131.33 221.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 150.34 221.30 Td (corporation ) Tj ET Q q 0 0 0 rg BT 199.89 221.30 Td (cannot ) Tj ET Q q 0 0 0 rg BT 229.99 221.30 Td (deduct ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.10 221.30 Td (NOL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.28 221.30 Td ( ) Tj ET Q q 0 0 0 rg BT 283.73 221.30 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 343.26 221.30 Td (in ) Tj ET Q q 0 0 0 rg BT 354.50 221.30 Td (excess ) Tj ET Q q 0 0 0 rg BT 384.05 221.30 Td (of ) Tj ET Q q 0 0 0 rg BT 395.83 221.30 Td (the ) Tj ET Q q 0 0 0 rg BT 411.50 221.30 Td (Section382 ) Tj ET Q q 0 0 0 rg BT 462.44 221.30 Td (Limitation. ) Tj ET Q q 0 0 0 rg BT 510.61 221.30 Td (Due ) Tj ET Q q 0 0 0 rg BT 530.73 221.30 Td (to ) Tj ET Q q 0 0 0 rg BT 541.96 221.30 Td (these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 209.30 Td (change ) Tj ET Q q 0 0 0 rg BT 85.22 209.30 Td (in ) Tj ET Q q 0 0 0 rg BT 95.97 209.30 Td (ownership ) Tj ET Q q 0 0 0 rg BT 145.04 209.30 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 192.18 209.30 Td (utilization ) Tj ET Q q 0 0 0 rg BT 235.69 209.30 Td (of ) Tj ET Q q 0 0 0 rg BT 246.99 209.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.18 209.30 Td (NOL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.36 209.30 Td ( ) Tj ET Q q 0 0 0 rg BT 285.33 209.30 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 344.37 209.30 Td (may ) Tj ET Q q 0 0 0 rg BT 364.56 209.30 Td (be ) Tj ET Q q 0 0 0 rg BT 376.97 209.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 408.26 209.30 Td (to ) Tj ET Q q 0 0 0 rg BT 419.01 209.30 Td (an ) Tj ET Q q 0 0 0 rg BT 431.41 209.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 461.04 209.30 Td (limitation ) Tj ET Q q 0 0 0 rg BT 502.89 209.30 Td (regarding ) Tj ET Q q 0 0 0 rg BT 544.18 209.30 Td (their ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 197.30 Td (utilization ) Tj ET Q q 0 0 0 rg BT 92.86 197.30 Td (against ) Tj ET Q q 0 0 0 rg BT 124.00 197.30 Td (taxable ) Tj ET Q q 0 0 0 rg BT 155.68 197.30 Td (income ) Tj ET Q q 0 0 0 rg BT 187.92 197.30 Td (in ) Tj ET Q q 0 0 0 rg BT 198.51 197.30 Td (future ) Tj ET Q q 0 0 0 rg BT 225.20 197.30 Td (periods. ) Tj ET Q q 0 0 0 rg BT 259.75 197.30 Td (The ) Tj ET Q q 0 0 0 rg BT 278.11 197.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 319.81 197.30 Td (has ) Tj ET Q q 0 0 0 rg BT 335.95 197.30 Td (prepared ) Tj ET Q q 0 0 0 rg BT 373.73 197.30 Td (a ) Tj ET Q q 0 0 0 rg BT 380.98 197.30 Td (Section382 ) Tj ET Q q 0 0 0 rg BT 431.29 197.30 Td (Limitation ) Tj ET Q q 0 0 0 rg BT 476.32 197.30 Td (analysis ) Tj ET Q q 0 0 0 rg BT 511.35 197.30 Td (and ) Tj ET Q q 0 0 0 rg BT 528.60 197.30 Td (does ) Tj ET Q q 0 0 0 rg BT 549.74 197.30 Td (not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 185.30 Td (believe ) Tj ET Q q 0 0 0 rg BT 81.61 185.30 Td (that ) Tj ET Q q 0 0 0 rg BT 99.85 185.30 Td (any ) Tj ET Q q 0 0 0 rg BT 117.53 185.30 Td (of ) Tj ET Q q 0 0 0 rg BT 129.10 185.30 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.79 185.30 Td (NOL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.97 185.30 Td ( ) Tj ET Q q 0 0 0 rg BT 165.21 185.30 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 224.53 185.30 Td (are ) Tj ET Q q 0 0 0 rg BT 239.98 185.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 271.55 185.30 Td (to ) Tj ET Q q 0 0 0 rg BT 282.57 185.30 Td (expiration ) Tj ET Q q 0 0 0 rg BT 326.35 185.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 349.03 185.30 Td (to ) Tj ET Q q 0 0 0 rg BT 360.05 185.30 Td (utilization. ) Tj ET Q q 0 0 0 rg BT 406.34 185.30 Td (Limitations ) Tj ET Q q 0 0 0 rg BT 455.69 185.30 Td (have ) Tj ET Q q 0 0 0 rg BT 477.80 185.30 Td (been ) Tj ET Q q 0 0 0 rg BT 499.92 185.30 Td (imposed ) Tj ET Q q 0 0 0 rg BT 537.05 185.30 Td (on ) Tj ET Q q 0 0 0 rg BT 550.29 185.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 173.30 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 173.30 Td (s ) Tj ET Q q 0 0 0 rg BT 97.56 173.30 Td (acquired ) Tj ET Q q 0 0 0 rg BT 134.48 173.30 Td (subsidiaries.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 152.30 Td (At ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 152.30 Td (December31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 164.58 152.30 Td (, the Company had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.63 152.30 Td ($1.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.52 152.30 Td ( of cumulative unrecognized tax benefits. If the benefits were to be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 140.30 Td (recognized, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.36 140.30 Td ($0.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.25 140.30 Td ( would af) Tj ET Q q 0 0 0 rg BT 184.84 140.30 Td (fect the ef) Tj ET Q q 0 0 0 rg BT 224.63 140.30 Td (fective tax rate and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.47 140.30 Td ($0.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.37 140.30 Td ( would reverse the valuation allowance against the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 128.30 Td (deferred tax assets. ) Tj ET Q q 0 0 0 rg BT 128.17 128.30 Td (The Company does not expect a significant change to its unrecognized tax benefits over the next twelve ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 116.30 Td (months. ) Tj ET Q q 0 0 0 rg BT 83.77 116.30 Td (The unrecognized tax benefits may increase or change during the year for items that arise in the ordinary course of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 104.30 Td (business.) Tj ET Q endstream endobj 143 0 obj <> endobj 144 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 740.10 Td (A) Tj ET Q q 0 0 0 rg BT 79.17 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.67 740.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 139.15 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.98 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.69 740.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 207.19 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.13 740.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 253.84 740.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 286.88 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.71 740.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 354.07 740.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 368.78 740.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 402.94 740.10 Td (is ) Tj ET Q q 0 0 0 rg BT 412.11 740.10 Td (as ) Tj ET Q q 0 0 0 rg BT 422.94 740.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 684.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 684.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 684.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 684.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 684.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 684.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 654.60 346.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 654.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 654.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 654.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 654.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 654.60 53.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 714.6 m 449 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 714.6 m 453 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 714.6 m 506 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 714.6 m 510 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 714.6 m 563 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 699.6 m 449 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 699.6 m 506 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 714.6 m 563 714.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 699.6 m 563 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 629.6 m 449 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 629.6 m 506 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 629.6 m 563 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 615.6 m 449 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 613.6 m 449 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 615.6 m 506 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 613.6 m 506 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 615.6 m 563 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 613.6 m 563 613.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 719.27 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.60 718.83 Td (Year ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 704.27 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.00 703.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.00 703.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.20 703.83 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 689.27 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.65 688.83 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 675.17 Td (Beginning balance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 674.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.65 674.27 Td (1,262) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 674.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 674.27 Td (1,855) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 674.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 674.27 Td (1,328) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 660.17 Td (Additions based on tax positions related to the current year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.15 659.27 Td (402) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.15 659.27 Td (130) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 659.27 Td (301) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 645.17 Td (\(Deductions\) additions based on tax positions related to prior years including) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 635.17 Td (acquisitions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.15 634.27 Td (142) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.80 634.32 Td (\(723) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.15 634.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 634.27 Td (226) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 620.17 Td (Ending balance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 619.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.65 619.27 Td (1,806) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 619.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 619.27 Td (1,262) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 619.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 619.27 Td (1,855) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 594.10 Td (The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. ) Tj ET Q q 0 0 0 rg BT 477.12 594.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 536.83 594.10 Td (s tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 582.10 Td (years for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.26 582.10 Td (2001) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.26 582.10 Td ( and forward are subject to examination by the U.S. tax authorities and for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.61 582.10 Td (2010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.61 582.10 Td ( and forward are subject to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 570.10 Td (examination by the California tax authorities due to the carryforward of unutilized net operating losses and research and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 558.10 Td (development credits.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 537.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.82 537.10 Td (The Company believes that it has provided adequate reserves for its income tax uncertainties in all open tax years, and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 525.10 Td (that it does not have any tax positions that it is reasonably possible would materially increase or decrease the gross ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 513.10 Td (unrecognized tax benefits within the next twelve months.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 492.10 Td (The Company has a policy to classify accrued interest and penalties associated with uncertain tax positions together with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 480.10 Td (the related liability) Tj ET Q q 0 0 0 rg BT 124.38 480.10 Td (, and the expenses incurred related to such accruals are included in the provision for income taxes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.57 480.10 Td ( ) Tj ET Q q 0 0 0 rg BT 519.89 480.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 468.10 Td (Company did not incur any interest expense or penalties associated with unrecognized tax benefits during the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.37 468.10 Td (years ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td (December 31, 2013, 2012 and 201) Tj ET Q q 0 0 0 rg BT 187.15 456.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.15 456.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 430.10 Td (Enactment ) Tj ET Q q 0 0 0 rg BT 109.00 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.83 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.74 430.10 Td (American ) Tj ET Q q 0 0 0 rg BT 177.80 430.10 Td (T) Tj ET Q q 0 0 0 rg BT 182.99 430.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 195.49 430.10 Td (Relief ) Tj ET Q q 0 0 0 rg BT 222.05 430.10 Td (Act) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 409.10 Td (On January 2, 2013, the President signed into law ) Tj ET Q q 0 0 0 rg BT 274.68 409.10 Td (The ) Tj ET Q q 0 0 0 rg BT 292.17 409.10 Td (American ) Tj ET Q q 0 0 0 rg BT 333.92 409.10 Td (T) Tj ET Q q 0 0 0 rg BT 339.33 409.10 Td (axpayer Relief ) Tj ET Q q 0 0 0 rg BT 399.85 409.10 Td (Act of 2012. Under prior law) Tj ET Q q 0 0 0 rg BT 518.34 409.10 Td (, a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 397.10 Td (taxpayer was entitled to a research tax credit for qualifying amounts paid or incurred on or before December31, 201) Tj ET Q q 0 0 0 rg BT 515.06 397.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 524.88 397.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 385.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 71.82 385.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.23 385.10 Td (axpayer Relief ) Tj ET Q q 0 0 0 rg BT 137.76 385.10 Td (Act extended the research credit for two years to December 31, 2013. ) Tj ET Q q 0 0 0 rg BT 420.52 385.10 Td (The extension of the research ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 373.10 Td (credit was retroactive and included amounts paid or incurred after December31, 201) Tj ET Q q 0 0 0 rg BT 388.71 373.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 400.66 373.10 Td (As a result of the retroactive extension, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 361.10 Td (the Company recognized a benefit of approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.26 361.10 Td ($0.6 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.15 361.10 Td ( during the year ended December 31, 2013 for qualifying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 349.10 Td (amounts incurred during calendar year 2012.) 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Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 216.10 Td (NOTE ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.34 216.10 Td (8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.34 216.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 95.34 216.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 158.38 216.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.00 216.10 Td (Contingencies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.00 216.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 199.10 Td (Leases) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 182.10 Td (As ) Tj ET Q q 0 0 0 rg BT 86.83 182.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.38 182.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.67 182.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.67 182.10 Td (, ) Tj ET Q q 0 0 0 rg BT 180.39 182.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.82 182.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 235.93 182.10 Td (leased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.13 182.10 Td (six) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.80 182.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.01 182.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 313.66 182.10 Td (under ) Tj ET Q q 0 0 0 rg BT 338.64 182.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 378.62 182.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 400.82 182.10 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 459.24 182.10 Td (The ) Tj ET Q q 0 0 0 rg BT 477.00 182.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 499.20 182.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 541.96 182.10 Td (dates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (range ) Tj ET Q q 0 0 0 rg BT 75.08 170.10 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.89 170.10 Td (May ) Tj ET Q q 0 0 0 rg BT 119.59 170.10 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.59 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.96 170.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.11 170.10 Td (December ) Tj ET Q q 0 0 0 rg BT 198.57 170.10 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.57 170.10 Td (. ) Tj ET Q q 0 0 0 rg BT 224.44 170.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 257.24 170.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 284.49 170.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 317.30 170.10 Td (escalation ) Tj ET Q q 0 0 0 rg BT 360.65 170.10 Td (clauses ) Tj ET Q q 0 0 0 rg BT 392.90 170.10 Td (calling ) Tj ET Q q 0 0 0 rg BT 423.48 170.10 Td (for ) Tj ET Q q 0 0 0 rg BT 438.51 170.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 479.64 170.10 Td (rents. ) Tj ET Q q 0 0 0 rg BT 504.71 170.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.62 170.10 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 95.15 158.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 113.60 158.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 148.71 158.10 Td (on ) Tj ET Q q 0 0 0 rg BT 161.61 158.10 Td (a ) Tj ET Q q 0 0 0 rg BT 168.94 158.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 220.16 158.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 243.06 158.10 Td (over ) Tj ET Q q 0 0 0 rg BT 263.73 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.85 158.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 301.73 158.10 Td (period ) Tj ET Q q 0 0 0 rg BT 330.18 158.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.52 158.10 Td (has ) Tj ET Q q 0 0 0 rg BT 363.75 158.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 401.62 158.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 437.83 158.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 456.27 158.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.83 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.95 158.10 Td (dif) Tj ET Q q 0 0 0 rg BT 496.88 158.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 529.19 158.10 Td (between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 67.96 146.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 109.20 146.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.55 146.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 145.00 146.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 180.12 146.10 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 228.75 146.10 Td (An ) Tj ET Q q 0 0 0 rg BT 243.89 146.10 Td (additional ) Tj ET Q 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(million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.11 134.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.61 134.10 Td (for ) Tj ET Q q 0 0 0 rg BT 219.77 134.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.49 134.10 Td (years ) Tj ET Q q 0 0 0 rg BT 258.09 134.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 284.47 134.10 Td (December ) Tj ET Q q 0 0 0 rg BT 328.05 134.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 343.05 134.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 368.05 134.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 390.55 134.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.49 134.10 Td (201) Tj ET Q q 0 0 0 rg BT 422.12 134.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.12 134.10 Td (, ) Tj ET Q q 0 0 0 rg BT 432.12 134.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 479.78 134.10 Td (.) 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10.00 Tf ET q 0 0 0 rg BT 500.50 679.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 679.27 Td (1,834) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 664.27 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.15 664.27 Td (178) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 664.27 Td (671) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 649.27 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.15 649.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 649.27 Td (171) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 634.27 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.15 634.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 634.27 Td (174) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 619.27 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.15 619.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 619.27 Td (176) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 604.27 Td (Total minimum lease payments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 604.27 Td (1,057) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.50 604.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 604.27 Td (3,026) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 589.27 Td (Less amount representing interest) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.80 589.32 Td (\(21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.15 589.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 574.27 Td (Present value of minimum lease payments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 574.27 Td (1,036) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 559.27 Td (Less current portion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.80 559.32 Td (\(861) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.15 559.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 544.27 Td (Long-term portion of lease obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.50 544.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.15 544.27 Td (175) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 523.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 114.89 523.10 Td (Commitments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 506.70 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 131.97 506.70 Td (for ) Tj ET Q q 0 0 0 rg BT 146.44 506.70 Td (the ) Tj ET Q q 0 0 0 rg BT 161.46 506.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 199.80 506.70 Td (of ) Tj ET Q q 0 0 0 rg BT 210.94 506.70 Td (services ) Tj ET Q q 0 0 0 rg BT 245.95 506.70 Td (and ) Tj ET Q q 0 0 0 rg BT 263.19 506.70 Td (licenses ) Tj ET Q q 0 0 0 rg BT 297.65 506.70 Td (of ) Tj ET Q q 0 0 0 rg BT 308.78 506.70 Td (third-party ) Tj ET Q q 0 0 0 rg BT 354.35 506.70 Td (software ) Tj ET Q q 0 0 0 rg BT 391.58 506.70 Td (totaled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.60 506.70 Td ($3.2 ) Tj ET Q q 0 0 0 rg BT 441.90 506.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.80 506.70 Td ( ) Tj ET Q q 0 0 0 rg BT 473.60 506.70 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.62 506.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 542.51 506.70 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.51 506.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 494.70 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 494.70 Td (are ) Tj ET Q q 0 0 0 rg BT 81.15 494.70 Td (to ) Tj ET Q q 0 0 0 rg BT 91.42 494.70 Td (be ) Tj ET Q q 0 0 0 rg BT 103.36 494.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 123.08 494.70 Td (as ) Tj ET Q q 0 0 0 rg BT 133.91 494.70 Td (follows: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.19 494.70 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 189.19 494.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.08 494.70 Td ( ) Tj ET Q q 0 0 0 rg BT 220.58 494.70 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.86 494.70 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.86 494.70 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.86 494.70 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 275.86 494.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.75 494.70 Td ( ) Tj ET Q q 0 0 0 rg BT 307.25 494.70 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.53 494.70 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.53 494.70 Td ( ) Tj ET Q q 0 0 0 rg BT 340.03 494.70 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.97 494.70 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 376.97 494.70 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.86 494.70 Td ( ) Tj ET Q q 0 0 0 rg BT 408.36 494.70 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.64 494.70 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.64 494.70 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 477.70 Td (DMD) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 96.83 477.70 Td ( ) Tj ET Q q 0 0 0 rg BT 98.96 477.70 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 148.70 477.70 Td (Holdback) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 461.30 Td (As ) Tj ET Q q 0 0 0 rg BT 86.11 461.30 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.94 461.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.53 461.30 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.53 461.30 Td (, ) Tj ET Q q 0 0 0 rg BT 180.53 461.30 Td (future ) Tj ET Q q 0 0 0 rg BT 206.90 461.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 253.29 461.30 Td (holdback ) Tj ET Q q 0 0 0 rg BT 292.44 461.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 333.27 461.30 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.10 461.30 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 364.10 461.30 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.99 461.30 Td ( ) Tj ET Q q 0 0 0 rg BT 395.49 461.30 Td (are ) Tj ET Q q 0 0 0 rg BT 410.20 461.30 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 452.68 461.30 Td (to ) Tj ET Q q 0 0 0 rg BT 462.96 461.30 Td (be ) Tj ET Q q 0 0 0 rg BT 474.90 461.30 Td (made ) Tj ET Q q 0 0 0 rg BT 499.05 461.30 Td (during ) Tj ET Q q 0 0 0 rg BT 527.66 461.30 Td (2014.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 73.50 444.30 Td (Legal ) Tj ET Q q 0 0 0 rg BT 99.33 444.30 Td (Proceedings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 423.30 Td (On ) Tj ET Q q 0 0 0 rg BT 88.73 423.30 Td (March ) Tj ET Q q 0 0 0 rg BT 117.83 423.30 Td (25, ) Tj ET Q q 0 0 0 rg BT 133.33 423.30 Td (201) Tj ET Q q 0 0 0 rg BT 147.96 423.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 158.47 423.30 Td (Industry ) Tj ET Q q 0 0 0 rg BT 194.14 423.30 Td (Access ) Tj ET Q q 0 0 0 rg BT 225.46 423.30 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 279.55 423.30 Td (\(Industry ) Tj ET Q q 0 0 0 rg BT 322.99 423.30 Td (Access\) ) Tj ET Q q 0 0 0 rg BT 362.08 423.30 Td (filed ) Tj ET Q q 0 0 0 rg BT 383.41 423.30 Td (a ) Tj ET Q q 0 0 0 rg BT 390.86 423.30 Td (patent ) Tj ET Q q 0 0 0 rg BT 418.29 423.30 Td (infringement ) Tj ET Q q 0 0 0 rg BT 472.95 423.30 Td (lawsuit ) Tj ET Q q 0 0 0 rg BT 504.84 423.30 Td (against ) Tj ET Q q 0 0 0 rg BT 536.17 423.30 Td (us ) Tj ET Q q 0 0 0 rg BT 548.07 423.30 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 411.30 Td (another ) Tj ET Q q 0 0 0 rg BT 81.75 411.30 Td (defendant ) Tj ET Q q 0 0 0 rg BT 123.44 411.30 Td (in ) Tj ET Q q 0 0 0 rg BT 133.48 411.30 Td (the ) Tj ET Q q 0 0 0 rg BT 147.96 411.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 168.01 411.30 Td (District ) Tj ET Q q 0 0 0 rg BT 200.27 411.30 Td (Court ) Tj ET Q q 0 0 0 rg BT 225.31 411.30 Td (for ) Tj ET Q q 0 0 0 rg BT 239.24 411.30 Td (the ) Tj ET Q q 0 0 0 rg BT 253.72 411.30 Td (Central ) Tj ET Q q 0 0 0 rg BT 285.42 411.30 Td (District ) Tj ET Q q 0 0 0 rg BT 317.68 411.30 Td (of ) Tj ET Q q 0 0 0 rg BT 328.27 411.30 Td (California. ) Tj ET Q q 0 0 0 rg BT 373.42 411.30 Td (The ) Tj ET Q q 0 0 0 rg BT 391.23 411.30 Td (complaint ) Tj ET Q q 0 0 0 rg BT 433.48 411.30 Td (alleges, ) Tj ET Q q 0 0 0 rg BT 466.01 411.30 Td (among ) Tj ET Q q 0 0 0 rg BT 495.49 411.30 Td (other ) Tj ET Q q 0 0 0 rg BT 518.30 411.30 Td (things, ) Tj ET Q q 0 0 0 rg BT 547.52 411.30 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 399.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.81 399.30 Td (aspects ) Tj ET Q q 0 0 0 rg BT 111.80 399.30 Td (of ) Tj ET Q q 0 0 0 rg BT 123.24 399.30 Td (our ) Tj ET Q q 0 0 0 rg BT 139.69 399.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 188.35 399.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 208.67 399.30 Td (management ) Tj ET Q q 0 0 0 rg BT 262.87 399.30 Td (software ) Tj ET Q q 0 0 0 rg BT 300.42 399.30 Td (system ) Tj ET Q q 0 0 0 rg BT 331.31 399.30 Td (and ) Tj ET Q q 0 0 0 rg BT 348.86 399.30 Td (related ) Tj ET Q q 0 0 0 rg BT 379.17 399.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 423.94 399.30 Td (infringe ) Tj ET Q q 0 0 0 rg BT 458.70 399.30 Td (a ) Tj ET Q q 0 0 0 rg BT 466.25 399.30 Td (single ) Tj ET Q q 0 0 0 rg BT 493.25 399.30 Td (patent, ) Tj ET Q q 0 0 0 rg BT 523.30 399.30 Td (and ) Tj ET Q q 0 0 0 rg BT 540.85 399.30 Td (seeks ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 387.30 Td (declaratory ) Tj ET Q q 0 0 0 rg BT 98.69 387.30 Td (relief ) Tj ET Q q 0 0 0 rg BT 124.00 387.30 Td (and ) Tj ET Q q 0 0 0 rg BT 142.65 387.30 Td (unspecified ) Tj ET Q q 0 0 0 rg BT 192.96 387.30 Td (damages ) Tj ET Q q 0 0 0 rg BT 232.16 387.30 Td (from ) Tj ET Q q 0 0 0 rg BT 255.82 387.30 Td (the ) Tj ET Q q 0 0 0 rg BT 272.25 387.30 Td (defendants, ) Tj ET Q q 0 0 0 rg BT 322.28 387.30 Td (including ) Tj ET Q q 0 0 0 rg BT 364.27 387.30 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 406.24 387.30 Td (damages ) Tj ET Q q 0 0 0 rg BT 445.44 387.30 Td (for ) Tj ET Q q 0 0 0 rg BT 461.32 387.30 Td (willful ) Tj ET Q q 0 0 0 rg BT 492.20 387.30 Td (infringement ) Tj ET Q q 0 0 0 rg BT 548.06 387.30 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 375.30 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 94.44 375.30 Td (attorneys) Tj ET Q q 0 0 0 rg BT 133.68 375.30 Td ( ) Tj ET Q q 0 0 0 rg BT 135.86 375.30 Td (fees. ) Tj ET Q q 0 0 0 rg BT 156.64 375.30 Td (On ) Tj ET Q q 0 0 0 rg BT 171.04 375.30 Td (June ) Tj ET Q q 0 0 0 rg BT 191.56 375.30 Td (24, ) Tj ET Q q 0 0 0 rg BT 206.24 375.30 Td (201) Tj ET Q q 0 0 0 rg BT 220.87 375.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 230.55 375.30 Td (the ) Tj ET Q q 0 0 0 rg BT 244.95 375.30 Td (Court ) Tj ET Q q 0 0 0 rg BT 269.91 375.30 Td (issued ) Tj ET Q q 0 0 0 rg BT 297.09 375.30 Td (an ) Tj ET Q q 0 0 0 rg BT 308.71 375.30 Td (order ) Tj ET Q q 0 0 0 rg BT 331.99 375.30 Td (requiring ) Tj ET Q q 0 0 0 rg BT 370.83 375.30 Td (plaintif) Tj ET Q q 0 0 0 rg BT 399.53 375.30 Td (f ) Tj ET Q q 0 0 0 rg BT 405.04 375.30 Td (to ) Tj ET Q q 0 0 0 rg BT 415.00 375.30 Td (serve ) Tj ET Q q 0 0 0 rg BT 438.28 375.30 Td (the ) Tj ET Q q 0 0 0 rg BT 452.68 375.30 Td (complaint ) Tj ET Q q 0 0 0 rg BT 494.85 375.30 Td (on ) Tj ET Q q 0 0 0 rg BT 507.03 375.30 Td (all ) Tj ET Q q 0 0 0 rg BT 519.21 375.30 Td (defendants ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 363.30 Td (within ) Tj ET Q q 0 0 0 rg BT 77.38 363.30 Td (three ) Tj ET Q q 0 0 0 rg BT 99.68 363.30 Td (days ) Tj ET Q q 0 0 0 rg BT 120.33 363.30 Td (of ) Tj ET Q q 0 0 0 rg BT 130.98 363.30 Td (the ) Tj ET Q q 0 0 0 rg BT 145.52 363.30 Td (order) Tj ET Q q 0 0 0 rg BT 166.06 363.30 Td (. ) Tj ET Q q 0 0 0 rg BT 170.88 363.30 Td (On ) Tj ET Q q 0 0 0 rg BT 185.42 363.30 Td (June ) Tj ET Q q 0 0 0 rg BT 206.07 363.30 Td (28, ) Tj ET Q q 0 0 0 rg BT 220.89 363.30 Td (201) Tj ET Q q 0 0 0 rg BT 235.52 363.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 245.34 363.30 Td (plaintif) Tj ET Q q 0 0 0 rg BT 274.04 363.30 Td (f ) Tj ET Q q 0 0 0 rg BT 279.69 363.30 Td (served ) Tj ET Q q 0 0 0 rg BT 308.11 363.30 Td (us ) Tj ET Q q 0 0 0 rg BT 319.32 363.30 Td (with ) Tj ET Q q 0 0 0 rg BT 339.42 363.30 Td (the ) Tj ET Q q 0 0 0 rg BT 353.95 363.30 Td (complaint ) Tj ET Q q 0 0 0 rg BT 396.26 363.30 Td (and ) Tj ET Q q 0 0 0 rg BT 413.02 363.30 Td (we ) Tj ET Q q 0 0 0 rg BT 427.00 363.30 Td (filed ) Tj ET Q q 0 0 0 rg BT 447.64 363.30 Td (its ) Tj ET Q q 0 0 0 rg BT 459.41 363.30 Td (answer ) Tj ET Q q 0 0 0 rg BT 490.05 363.30 Td (on ) Tj ET Q q 0 0 0 rg BT 501.86 363.30 Td (August ) Tj ET Q q 0 0 0 rg BT 533.07 363.30 Td (5, ) Tj ET Q q 0 0 0 rg BT 542.89 363.30 Td (201) Tj ET Q q 0 0 0 rg BT 557.52 363.30 Td (1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 351.30 Td (denying ) Tj ET Q q 0 0 0 rg BT 84.27 351.30 Td (all ) Tj ET Q q 0 0 0 rg BT 96.82 351.30 Td (material ) Tj ET Q q 0 0 0 rg BT 132.13 351.30 Td (allegations ) Tj ET Q q 0 0 0 rg BT 178.01 351.30 Td (of ) Tj ET Q q 0 0 0 rg BT 188.89 351.30 Td (the ) Tj ET Q q 0 0 0 rg BT 203.66 351.30 Td (complaint. ) Tj ET Q q 0 0 0 rg BT 248.70 351.30 Td (On ) Tj ET Q q 0 0 0 rg BT 263.48 351.30 Td (November ) Tj ET Q q 0 0 0 rg BT 308.24 351.30 Td (18, ) Tj ET Q q 0 0 0 rg BT 323.29 351.30 Td (201) Tj ET Q q 0 0 0 rg BT 337.92 351.30 Td (1 ) Tj ET Q q 0 0 0 rg BT 345.48 351.30 Td (the ) Tj ET Q q 0 0 0 rg BT 360.25 351.30 Td (other ) Tj ET Q q 0 0 0 rg BT 383.35 351.30 Td (defendant ) Tj ET Q q 0 0 0 rg BT 425.33 351.30 Td (filed ) Tj ET Q q 0 0 0 rg BT 446.20 351.30 Td (with ) Tj ET Q q 0 0 0 rg BT 466.54 351.30 Td (the ) Tj ET Q q 0 0 0 rg BT 481.31 351.30 Td (United ) Tj ET Q q 0 0 0 rg BT 511.08 351.30 Td (States ) Tj ET Q q 0 0 0 rg BT 537.52 351.30 Td (Patent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 339.30 Td (and ) Tj ET Q q 0 0 0 rg BT 66.41 339.30 Td (T) Tj ET Q q 0 0 0 rg BT 72.17 339.30 Td (rademark ) Tj ET Q q 0 0 0 rg BT 112.59 339.30 Td (Of) Tj ET Q q 0 0 0 rg BT 122.96 339.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 140.62 339.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 158.83 339.30 Td (PT) Tj ET Q q 0 0 0 rg BT 174.76 339.30 Td (O\) ) Tj ET Q q 0 0 0 rg BT 192.42 339.30 Td (a ) Tj ET Q q 0 0 0 rg BT 199.53 339.30 Td (request ) Tj ET Q q 0 0 0 rg BT 231.07 339.30 Td (for ) Tj ET Q q 0 0 0 rg BT 245.40 339.30 Td (ex ) Tj ET Q q 0 0 0 rg BT 257.51 339.30 Td (parte ) Tj ET Q q 0 0 0 rg BT 280.16 339.30 Td (reexamination ) Tj ET Q q 0 0 0 rg BT 340.03 339.30 Td (of ) Tj ET Q q 0 0 0 rg BT 351.03 339.30 Td (Industry ) Tj ET Q q 0 0 0 rg BT 386.44 339.30 Td (Access) Tj ET Q q 0 0 0 rg BT 417.34 339.30 Td ( ) Tj ET Q q 0 0 0 rg BT 420.01 339.30 Td (US ) Tj ET Q q 0 0 0 rg BT 435.46 339.30 Td (Patent ) Tj ET Q q 0 0 0 rg BT 463.13 339.30 Td (No ) Tj ET Q q 0 0 0 rg BT 478.02 339.30 Td (7,769,681, ) Tj ET Q q 0 0 0 rg BT 523.19 339.30 Td (which ) Tj ET Q q 0 0 0 rg BT 550.29 339.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 327.30 Td (PT) Tj ET Q q 0 0 0 rg BT 60.99 327.30 Td (O ) Tj ET Q q 0 0 0 rg BT 71.02 327.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 103.81 327.30 Td (on ) Tj ET Q q 0 0 0 rg BT 116.62 327.30 Td (February ) Tj ET Q q 0 0 0 rg BT 155.53 327.30 Td (14, ) Tj ET Q q 0 0 0 rg BT 170.84 327.30 Td (2012. ) Tj ET Q q 0 0 0 rg BT 196.15 327.30 Td (On ) Tj ET Q q 0 0 0 rg BT 211.18 327.30 Td (December ) Tj ET Q q 0 0 0 rg BT 255.07 327.30 Td (15, ) Tj ET Q q 0 0 0 rg BT 270.38 327.30 Td (201) Tj ET Q q 0 0 0 rg BT 285.01 327.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 295.32 327.30 Td (we ) Tj ET Q q 0 0 0 rg BT 309.79 327.30 Td (filed ) Tj ET Q q 0 0 0 rg BT 330.92 327.30 Td (a ) Tj ET Q q 0 0 0 rg BT 338.17 327.30 Td (motion ) Tj ET Q q 0 0 0 rg BT 369.32 327.30 Td (to ) Tj ET Q q 0 0 0 rg BT 379.90 327.30 Td (stay ) Tj ET Q q 0 0 0 rg BT 398.82 327.30 Td (the ) Tj ET Q q 0 0 0 rg BT 413.85 327.30 Td (litigation ) Tj ET Q q 0 0 0 rg BT 452.76 327.30 Td (pending ) Tj ET Q q 0 0 0 rg BT 487.79 327.30 Td (the ) Tj ET Q q 0 0 0 rg BT 502.82 327.30 Td (reexamination, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 315.30 Td (which ) Tj ET Q q 0 0 0 rg BT 77.21 315.30 Td (the ) Tj ET Q q 0 0 0 rg BT 92.70 315.30 Td (Court ) Tj ET Q q 0 0 0 rg BT 118.75 315.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 152.00 315.30 Td (on ) Tj ET Q q 0 0 0 rg BT 165.28 315.30 Td (February ) Tj ET Q q 0 0 0 rg BT 204.65 315.30 Td (28, ) Tj ET Q q 0 0 0 rg BT 220.42 315.30 Td (2012. ) Tj ET Q q 0 0 0 rg BT 246.19 315.30 Td (On ) Tj ET Q q 0 0 0 rg BT 261.68 315.30 Td (October ) Tj ET Q q 0 0 0 rg BT 297.16 315.30 Td (9, ) Tj ET Q q 0 0 0 rg BT 307.93 315.30 Td (2012, ) Tj ET Q q 0 0 0 rg BT 333.70 315.30 Td (the ) Tj ET Q q 0 0 0 rg BT 349.19 315.30 Td (PT) Tj ET Q q 0 0 0 rg BT 360.68 315.30 Td (O ) Tj ET Q q 0 0 0 rg BT 371.17 315.30 Td (issued ) Tj ET Q q 0 0 0 rg BT 399.45 315.30 Td (the ) Tj ET Q q 0 0 0 rg BT 414.93 315.30 Td (reexamination ) Tj ET Q q 0 0 0 rg BT 475.40 315.30 Td (certificate. ) Tj ET Q q 0 0 0 rg BT 520.90 315.30 Td (The ) Tj ET Q q 0 0 0 rg BT 539.72 315.30 Td (Court ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 303.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 81.68 303.30 Td (a ) Tj ET Q q 0 0 0 rg BT 88.31 303.30 Td (motion ) Tj ET Q q 0 0 0 rg BT 118.84 303.30 Td (to ) Tj ET Q q 0 0 0 rg BT 128.82 303.30 Td (dismiss ) Tj ET Q q 0 0 0 rg BT 161.02 303.30 Td (the ) Tj ET Q q 0 0 0 rg BT 175.43 303.30 Td (other ) Tj ET Q q 0 0 0 rg BT 198.17 303.30 Td (defendant ) Tj ET Q q 0 0 0 rg BT 239.79 303.30 Td (from ) Tj ET Q q 0 0 0 rg BT 261.43 303.30 Td (this ) Tj ET Q q 0 0 0 rg BT 278.07 303.30 Td (action ) Tj ET Q q 0 0 0 rg BT 304.70 303.30 Td (on ) Tj ET Q q 0 0 0 rg BT 316.41 303.30 Td (April ) Tj ET Q q 0 0 0 rg BT 339.71 303.30 Td (7, ) Tj ET Q q 0 0 0 rg BT 349.41 303.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 371.60 303.30 Td (and ) Tj ET Q q 0 0 0 rg BT 388.23 303.30 Td (lifted ) Tj ET Q q 0 0 0 rg BT 411.53 303.30 Td (the ) Tj ET Q q 0 0 0 rg BT 425.94 303.30 Td (stay ) Tj ET Q q 0 0 0 rg BT 444.25 303.30 Td (on ) Tj ET Q q 0 0 0 rg BT 455.96 303.30 Td (April ) Tj ET Q q 0 0 0 rg BT 479.26 303.30 Td (1) Tj ET Q q 0 0 0 rg BT 483.89 303.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 493.58 303.30 Td (2013. ) Tj ET Q q 0 0 0 rg BT 518.12 303.30 Td (The ) Tj ET Q q 0 0 0 rg BT 535.86 303.30 Td (parties ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 291.30 Td (are ) Tj ET Q q 0 0 0 rg BT 64.14 291.30 Td (in ) Tj ET Q q 0 0 0 rg BT 74.36 291.30 Td (the ) Tj ET Q q 0 0 0 rg BT 89.01 291.30 Td (claims ) Tj ET Q q 0 0 0 rg BT 117.55 291.30 Td (construction ) Tj ET Q q 0 0 0 rg BT 169.42 291.30 Td (phase ) Tj ET Q q 0 0 0 rg BT 194.63 291.30 Td (of ) Tj ET Q q 0 0 0 rg BT 205.39 291.30 Td (the ) Tj ET Q q 0 0 0 rg BT 220.05 291.30 Td (litigation ) Tj ET Q q 0 0 0 rg BT 258.59 291.30 Td (with ) Tj ET Q q 0 0 0 rg BT 278.81 291.30 Td (a ) Tj ET Q q 0 0 0 rg BT 285.68 291.30 Td (claim ) Tj ET Q q 0 0 0 rg BT 310.33 291.30 Td (construction ) Tj ET Q q 0 0 0 rg BT 362.20 291.30 Td (hearing ) Tj ET Q q 0 0 0 rg BT 394.62 291.30 Td (that ) Tj ET Q q 0 0 0 rg BT 412.05 291.30 Td (was ) Tj ET Q q 0 0 0 rg BT 430.04 291.30 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 472.46 291.30 Td (for ) Tj ET Q q 0 0 0 rg BT 486.56 291.30 Td (December ) Tj ET Q q 0 0 0 rg BT 530.08 291.30 Td (2, ) Tj ET Q q 0 0 0 rg BT 540.02 291.30 Td (2013. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 279.30 Td (Discovery ) Tj ET Q q 0 0 0 rg BT 93.10 279.30 Td (is ) Tj ET Q q 0 0 0 rg BT 102.27 279.30 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 137.55 279.30 Td (and ) Tj ET Q q 0 0 0 rg BT 154.49 279.30 Td (the ) Tj ET Q q 0 0 0 rg BT 169.20 279.30 Td (trial ) Tj ET Q q 0 0 0 rg BT 187.81 279.30 Td (has ) Tj ET Q q 0 0 0 rg BT 203.64 279.30 Td (been ) Tj ET Q q 0 0 0 rg BT 225.01 279.30 Td (rescheduled ) Tj ET Q q 0 0 0 rg BT 275.27 279.30 Td (for ) Tj ET Q q 0 0 0 rg BT 289.43 279.30 Td (December ) Tj ET Q q 0 0 0 rg BT 333.01 279.30 Td (2014 ) Tj ET Q q 0 0 0 rg BT 355.51 279.30 Td (as ) Tj ET Q q 0 0 0 rg BT 366.34 279.30 Td (further ) Tj ET Q q 0 0 0 rg BT 396.05 279.30 Td (discussed ) Tj ET Q q 0 0 0 rg BT 436.88 279.30 Td (below) Tj ET Q q 0 0 0 rg BT 460.67 279.30 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 258.30 Td (On ) Tj ET Q q 0 0 0 rg BT 88.09 258.30 Td (March ) Tj ET Q q 0 0 0 rg BT 116.56 258.30 Td (19, ) Tj ET Q q 0 0 0 rg BT 131.43 258.30 Td (2013, ) Tj ET Q q 0 0 0 rg BT 156.30 258.30 Td (Industry ) Tj ET Q q 0 0 0 rg BT 191.48 258.30 Td (Access ) Tj ET Q q 0 0 0 rg BT 222.17 258.30 Td (filed ) Tj ET Q q 0 0 0 rg BT 242.87 258.30 Td (a ) Tj ET Q q 0 0 0 rg BT 249.68 258.30 Td (second ) Tj ET Q q 0 0 0 rg BT 279.81 258.30 Td (patent ) Tj ET Q q 0 0 0 rg BT 306.62 258.30 Td (infringement ) Tj ET Q q 0 0 0 rg BT 360.64 258.30 Td (lawsuit ) Tj ET Q q 0 0 0 rg BT 391.90 258.30 Td (against ) Tj ET Q q 0 0 0 rg BT 422.59 258.30 Td (us ) Tj ET Q q 0 0 0 rg BT 433.86 258.30 Td (in ) Tj ET Q q 0 0 0 rg BT 444.00 258.30 Td (the ) Tj ET Q q 0 0 0 rg BT 458.59 258.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 478.75 258.30 Td (District ) Tj ET Q q 0 0 0 rg BT 511.11 258.30 Td (Court ) Tj ET Q q 0 0 0 rg BT 536.26 258.30 Td (for ) Tj ET Q q 0 0 0 rg BT 550.29 258.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 246.30 Td (Central ) Tj ET Q q 0 0 0 rg BT 81.12 246.30 Td (District ) Tj ET Q q 0 0 0 rg BT 113.30 246.30 Td (of ) Tj ET Q q 0 0 0 rg BT 123.81 246.30 Td (California. ) Tj ET Q q 0 0 0 rg BT 168.88 246.30 Td (The ) Tj ET Q q 0 0 0 rg BT 186.62 246.30 Td (complaint ) Tj ET Q q 0 0 0 rg BT 228.79 246.30 Td (alleges, ) Tj ET Q q 0 0 0 rg BT 261.24 246.30 Td (among ) Tj ET Q q 0 0 0 rg BT 290.64 246.30 Td (other ) Tj ET Q q 0 0 0 rg BT 313.37 246.30 Td (things, ) Tj ET Q q 0 0 0 rg BT 342.51 246.30 Td (that ) Tj ET Q q 0 0 0 rg BT 359.69 246.30 Td (our ) Tj ET Q q 0 0 0 rg BT 375.20 246.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 422.93 246.30 Td (loan ) Tj ET Q q 0 0 0 rg BT 442.34 246.30 Td (management ) Tj ET Q q 0 0 0 rg BT 495.61 246.30 Td (software ) Tj ET Q q 0 0 0 rg BT 532.22 246.30 Td (system, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 234.30 Td (including ) Tj ET Q q 0 0 0 rg BT 89.81 234.30 Td (the ) Tj ET Q q 0 0 0 rg BT 104.56 234.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 152.65 234.30 Td (software, ) Tj ET Q q 0 0 0 rg BT 192.11 234.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.87 234.30 Td (Ellie ) Tj ET Q q 0 0 0 rg BT 228.28 234.30 Td (Mae ) Tj ET Q q 0 0 0 rg BT 248.59 234.30 Td (Network) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.58 234.30 Td (, ) Tj ET Q q 0 0 0 rg BT 288.62 234.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 336.70 234.30 Td (Originator) Tj ET Q q 0 0 0 rg BT 377.95 234.30 Td (, ) Tj ET Q q 0 0 0 rg BT 382.99 234.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 431.07 234.30 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 481.93 234.30 Td (Service, ) Tj ET Q q 0 0 0 rg BT 516.95 234.30 Td (Encompass ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 222.30 Td (CenterW) Tj ET Q q 0 0 0 rg BT 85.19 222.30 Td (ise, ) Tj ET Q q 0 0 0 rg BT 102.66 222.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 152.06 222.30 Td (Electronic ) Tj ET Q q 0 0 0 rg BT 197.01 222.30 Td (Document ) Tj ET Q q 0 0 0 rg BT 242.52 222.30 Td (Management, ) Tj ET Q q 0 0 0 rg BT 301.08 222.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 350.49 222.30 Td (Docs ) Tj ET Q q 0 0 0 rg BT 374.90 222.30 Td (Solution ) Tj ET Q q 0 0 0 rg BT 412.65 222.30 Td (and ) Tj ET Q q 0 0 0 rg BT 430.95 222.30 Td (Encompass ) Tj ET Q q 0 0 0 rg BT 480.35 222.30 Td (Product ) Tj ET Q q 0 0 0 rg BT 515.32 222.30 Td (and ) Tj ET Q q 0 0 0 rg BT 533.61 222.30 Td (Pricing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 210.30 Td (Service, ) Tj ET Q q 0 0 0 rg BT 84.82 210.30 Td (infringes ) Tj ET Q q 0 0 0 rg BT 123.20 210.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 143.82 210.30 Td (Patent ) Tj ET Q q 0 0 0 rg BT 171.64 210.30 Td (Nos. ) Tj ET Q q 0 0 0 rg BT 193.09 210.30 Td (8,1) Tj ET Q q 0 0 0 rg BT 205.22 210.30 Td (17,120 ) Tj ET Q q 0 0 0 rg BT 235.55 210.30 Td (and ) Tj ET Q q 0 0 0 rg BT 252.83 210.30 Td (8,145,563, ) Tj ET Q q 0 0 0 rg BT 298.16 210.30 Td (which ) Tj ET Q q 0 0 0 rg BT 325.43 210.30 Td (are ) Tj ET Q q 0 0 0 rg BT 340.47 210.30 Td (continuations ) Tj ET Q q 0 0 0 rg BT 397.19 210.30 Td (of ) Tj ET Q q 0 0 0 rg BT 408.35 210.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 428.97 210.30 Td (Patent ) Tj ET Q q 0 0 0 rg BT 456.80 210.30 Td (No. ) Tj ET Q q 0 0 0 rg BT 474.35 210.30 Td (7,769,681, ) Tj ET Q q 0 0 0 rg BT 519.68 210.30 Td (asserted ) Tj ET Q q 0 0 0 rg BT 554.73 210.30 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 198.30 Td (the ) Tj ET Q q 0 0 0 rg BT 64.45 198.30 Td (lawsuit ) Tj ET Q q 0 0 0 rg BT 96.06 198.30 Td (described ) Tj ET Q q 0 0 0 rg BT 137.10 198.30 Td (above. ) Tj ET Q q 0 0 0 rg BT 166.21 198.30 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 195.47 198.30 Td (f ) Tj ET Q q 0 0 0 rg BT 201.53 198.30 Td (is ) Tj ET Q q 0 0 0 rg BT 210.93 198.30 Td (seeking ) Tj ET Q q 0 0 0 rg BT 244.21 198.30 Td (unspecified ) Tj ET Q q 0 0 0 rg BT 293.03 198.30 Td (damages. ) Tj ET Q q 0 0 0 rg BT 333.24 198.30 Td (On ) Tj ET Q q 0 0 0 rg BT 348.19 198.30 Td (June ) Tj ET Q q 0 0 0 rg BT 369.25 198.30 Td (12, ) Tj ET Q q 0 0 0 rg BT 384.48 198.30 Td (2013, ) Tj ET Q q 0 0 0 rg BT 409.71 198.30 Td (we ) Tj ET Q q 0 0 0 rg BT 424.10 198.30 Td (filed ) Tj ET Q q 0 0 0 rg BT 445.15 198.30 Td (a ) Tj ET Q q 0 0 0 rg BT 452.32 198.30 Td (motion ) Tj ET Q q 0 0 0 rg BT 483.38 198.30 Td (to ) Tj ET Q q 0 0 0 rg BT 493.89 198.30 Td (dismiss ) Tj ET Q q 0 0 0 rg BT 526.63 198.30 Td (or) Tj ET Q q 0 0 0 rg BT 534.55 198.30 Td (, ) Tj ET Q q 0 0 0 rg BT 539.78 198.30 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 198.30 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 186.30 Td (alternative, ) Tj ET Q q 0 0 0 rg BT 96.59 186.30 Td (to ) Tj ET Q q 0 0 0 rg BT 106.77 186.30 Td (transfer ) Tj ET Q q 0 0 0 rg BT 139.71 186.30 Td (this ) Tj ET Q q 0 0 0 rg BT 156.55 186.30 Td (case ) Tj ET Q q 0 0 0 rg BT 176.16 186.30 Td (to ) Tj ET Q q 0 0 0 rg BT 186.33 186.30 Td (the ) Tj ET Q q 0 0 0 rg BT 200.95 186.30 Td (Northern ) Tj ET Q q 0 0 0 rg BT 239.44 186.30 Td (District ) Tj ET Q 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 153.30 Td (On ) Tj ET Q q 0 0 0 rg BT 88.08 153.30 Td (September ) Tj ET Q q 0 0 0 rg BT 133.21 153.30 Td (12, ) Tj ET Q q 0 0 0 rg BT 148.08 153.30 Td (2013, ) Tj ET Q q 0 0 0 rg BT 172.94 153.30 Td (we ) Tj ET Q q 0 0 0 rg BT 186.96 153.30 Td (filed ) Tj ET Q q 0 0 0 rg BT 207.65 153.30 Td (a ) Tj ET Q q 0 0 0 rg BT 214.45 153.30 Td (motion ) Tj ET Q q 0 0 0 rg BT 245.15 153.30 Td (to ) Tj ET Q q 0 0 0 rg BT 255.29 153.30 Td (relate ) Tj ET Q q 0 0 0 rg BT 279.86 153.30 Td (and ) Tj ET Q q 0 0 0 rg BT 296.66 153.30 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 344.56 153.30 Td (the ) Tj ET Q q 0 0 0 rg BT 359.14 153.30 Td (two ) Tj ET Q q 0 0 0 rg BT 376.51 153.30 Td (Industry ) Tj ET Q q 0 0 0 rg BT 411.68 153.30 Td (Access ) Tj ET Q q 0 0 0 rg BT 442.36 153.30 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 477.50 153.30 Td (so ) Tj ET Q q 0 0 0 rg BT 488.76 153.30 Td (that ) Tj ET Q q 0 0 0 rg BT 506.12 153.30 Td (all ) Tj ET Q q 0 0 0 rg BT 518.48 153.30 Td (of ) Tj ET Q q 0 0 0 rg BT 529.17 153.30 Td (Industry ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 141.30 Td (Access) Tj ET Q q 0 0 0 rg BT 80.41 141.30 Td ( ) Tj ET Q q 0 0 0 rg BT 82.10 141.30 Td (related ) Tj ET Q q 0 0 0 rg BT 110.99 141.30 Td (patent ) Tj ET Q q 0 0 0 rg BT 137.11 141.30 Td (infringement ) Tj ET Q q 0 0 0 rg BT 190.45 141.30 Td (claims ) Tj ET Q q 0 0 0 rg BT 218.25 141.30 Td (would ) Tj ET Q q 0 0 0 rg BT 244.93 141.30 Td (be ) Tj ET Q q 0 0 0 rg BT 256.06 141.30 Td (heard ) Tj ET Q q 0 0 0 rg BT 279.96 141.30 Td (before ) Tj ET Q q 0 0 0 rg BT 307.19 141.30 Td (the ) Tj ET Q q 0 0 0 rg BT 321.09 141.30 Td (same ) Tj ET Q q 0 0 0 rg BT 343.33 141.30 Td (judge ) Tj ET Q q 0 0 0 rg BT 367.23 141.30 Td (on ) Tj ET Q q 0 0 0 rg BT 378.92 141.30 Td (the ) Tj ET Q q 0 0 0 rg BT 392.83 141.30 Td (same ) Tj ET Q q 0 0 0 rg BT 415.07 141.30 Td (schedule. ) Tj ET Q q 0 0 0 rg BT 456.74 141.30 Td (Industry ) Tj ET Q q 0 0 0 rg BT 491.39 141.30 Td (Access ) Tj ET Q q 0 0 0 rg BT 521.40 141.30 Td (responded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 129.30 Td (to ) Tj ET Q q 0 0 0 rg BT 59.48 129.30 Td (this ) Tj ET Q q 0 0 0 rg BT 76.14 129.30 Td (motion ) Tj ET Q q 0 0 0 rg BT 106.68 129.30 Td (on ) Tj ET Q q 0 0 0 rg BT 118.88 129.30 Td (October ) Tj ET Q q 0 0 0 rg BT 153.29 129.30 Td (1) Tj ET Q q 0 0 0 rg BT 157.92 129.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 167.63 129.30 Td (2013. ) Tj ET Q q 0 0 0 rg BT 194.67 129.30 Td (The ) Tj ET Q q 0 0 0 rg BT 212.42 129.30 Td (Court ) Tj ET Q q 0 0 0 rg BT 237.40 129.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 269.59 129.30 Td (our ) Tj ET Q q 0 0 0 rg BT 285.13 129.30 Td (motion ) Tj ET Q q 0 0 0 rg BT 315.67 129.30 Td (to ) Tj ET Q q 0 0 0 rg BT 325.65 129.30 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 373.40 129.30 Td (on ) Tj ET Q q 0 0 0 rg BT 385.60 129.30 Td (October ) Tj ET Q q 0 0 0 rg BT 420.01 129.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 434.72 129.30 Td (2013. ) Tj ET Q q 0 0 0 rg BT 459.42 129.30 Td () Tj ET Q q 0 0 0 rg BT 464.24 129.30 Td (The ) Tj ET Q q 0 0 0 rg BT 481.99 129.30 Td (Court ) Tj ET Q q 0 0 0 rg BT 506.98 129.30 Td (has ) Tj ET Q q 0 0 0 rg BT 522.51 129.30 Td (scheduled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 117.30 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 117.30 Td (claim ) Tj ET Q q 0 0 0 rg BT 88.93 117.30 Td (construction ) Tj ET Q q 0 0 0 rg BT 140.86 117.30 Td (hearing ) Tj ET Q q 0 0 0 rg BT 173.35 117.30 Td (for ) Tj ET Q q 0 0 0 rg BT 187.51 117.30 Td (June ) Tj ET Q q 0 0 0 rg BT 208.34 117.30 Td (2, ) Tj ET Q q 0 0 0 rg BT 218.34 117.30 Td (2014. ) Tj ET Q q 0 0 0 rg BT 245.66 117.30 Td (T) Tj ET Q q 0 0 0 rg BT 251.41 117.30 Td (rial ) Tj ET Q q 0 0 0 rg BT 267.24 117.30 Td (is ) Tj ET Q q 0 0 0 rg BT 276.41 117.30 Td (set ) Tj ET Q q 0 0 0 rg BT 290.02 117.30 Td (for ) Tj ET Q q 0 0 0 rg BT 304.18 117.30 Td (December ) Tj ET Q q 0 0 0 rg BT 347.76 117.30 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 96.30 Td (W) Tj ET Q q 0 0 0 rg BT 82.14 96.30 Td (e ) Tj ET Q q 0 0 0 rg BT 90.05 96.30 Td (believe ) Tj ET Q q 0 0 0 rg BT 122.39 96.30 Td (that ) Tj ET Q q 0 0 0 rg BT 140.86 96.30 Td (we ) Tj ET Q q 0 0 0 rg BT 155.99 96.30 Td (have ) Tj ET Q q 0 0 0 rg BT 178.33 96.30 Td (substantial ) Tj ET Q q 0 0 0 rg BT 224.58 96.30 Td (and ) Tj ET Q q 0 0 0 rg BT 242.49 96.30 Td (meritorious ) Tj ET Q q 0 0 0 rg BT 292.06 96.30 Td (defenses ) Tj ET Q q 0 0 0 rg BT 329.96 96.30 Td (in ) Tj ET Q q 0 0 0 rg BT 341.21 96.30 Td (the ) Tj ET Q q 0 0 0 rg BT 356.90 96.30 Td (newly ) Tj ET Q q 0 0 0 rg BT 384.81 96.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 438.82 96.30 Td (case ) Tj ET Q q 0 0 0 rg BT 459.50 96.30 Td (and, ) Tj ET Q q 0 0 0 rg BT 479.91 96.30 Td (if ) Tj ET Q q 0 0 0 rg BT 489.49 96.30 Td (similar ) Tj ET Q q 0 0 0 rg BT 520.73 96.30 Td (claims ) Tj ET Q q 0 0 0 rg BT 550.30 96.30 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 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289.34 63.30 Td (and ) Tj ET Q q 0 0 0 rg BT 306.07 63.30 Td (claims ) Tj ET Q q 0 0 0 rg BT 334.46 63.30 Td (arising ) Tj ET Q q 0 0 0 rg BT 363.97 63.30 Td (in ) Tj ET Q q 0 0 0 rg BT 374.04 63.30 Td (the ) Tj ET Q q 0 0 0 rg BT 388.54 63.30 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 424.71 63.30 Td (course ) Tj ET Q q 0 0 0 rg BT 453.10 63.30 Td (of ) Tj ET Q q 0 0 0 rg BT 463.72 63.30 Td (business. ) Tj ET Q q 0 0 0 rg BT 502.24 63.30 Td (W) Tj ET Q q 0 0 0 rg BT 511.27 63.30 Td (ith ) Tj ET Q q 0 0 0 rg BT 524.12 63.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 554.73 63.30 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 51.30 Td (these ) Tj ET Q q 0 0 0 rg BT 71.57 51.30 Td (matters ) Tj ET Q q 0 0 0 rg BT 102.54 51.30 Td (and ) Tj ET Q q 0 0 0 rg BT 118.50 51.30 Td (the ) Tj ET Q q 0 0 0 rg BT 132.25 51.30 Td (litigations ) Tj ET Q q 0 0 0 rg BT 173.77 51.30 Td (described ) Tj ET Q q 0 0 0 rg BT 213.62 51.30 Td (above, ) Tj ET Q q 0 0 0 rg BT 241.52 51.30 Td (we ) Tj ET Q q 0 0 0 rg BT 254.71 51.30 Td (cannot ) Tj ET Q q 0 0 0 rg BT 282.89 51.30 Td (predict ) Tj ET Q q 0 0 0 rg BT 312.18 51.30 Td (the ) Tj ET Q q 0 0 0 rg BT 325.92 51.30 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 360.22 51.30 Td (outcome ) Tj ET Q q 0 0 0 rg BT 396.18 51.30 Td (of ) Tj ET Q q 0 0 0 rg BT 406.04 51.30 Td (these ) Tj ET Q q 0 0 0 rg BT 428.11 51.30 Td (legal ) Tj ET Q q 0 0 0 rg BT 449.07 51.30 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 498.92 51.30 Td (and ) Tj ET Q q 0 0 0 rg BT 514.88 51.30 Td (the ) Tj ET Q q 0 0 0 rg BT 528.63 51.30 Td (amounts ) Tj ET Q endstream endobj 147 0 obj <> endobj 148 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.73 740.10 Td (ranges ) Tj ET Q q 0 0 0 rg BT 95.61 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.73 740.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 144.51 740.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 182.28 740.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 226.17 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 246.73 740.10 Td (such ) Tj ET Q q 0 0 0 rg BT 267.85 740.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 318.95 740.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 348.40 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 360.62 740.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 401.73 740.10 Td (or ) Tj ET Q q 0 0 0 rg BT 412.85 740.10 Td (assessed. ) Tj ET Q q 0 0 0 rg BT 451.40 740.10 Td (An ) Tj ET Q q 0 0 0 rg BT 466.41 740.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 516.96 740.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 554.18 740.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (these ) Tj ET Q q 0 0 0 rg BT 72.55 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 83.38 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.09 728.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 136.70 728.10 Td (could ) Tj ET Q q 0 0 0 rg BT 161.42 728.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 204.46 728.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 245.27 728.10 Td (af) Tj ET Q q 0 0 0 rg BT 252.86 728.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 270.34 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 286.17 728.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 325.07 728.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 362.55 728.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 402.82 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.76 728.10 Td (results ) Tj ET Q q 0 0 0 rg BT 448.37 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.20 728.10 Td (operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 702.10 Td (NOTE ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.34 702.10 Td (9) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 85.34 702.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 95.34 702.10 Td (Stockholders' ) Tj ET Q q 0 0 0 rg BT 156.18 702.10 Td (Equity) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 185.08 702.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 685.10 Td (On ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.86 685.10 Td (July3, ) Tj ET Q q 0 0 0 rg BT 116.67 685.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.67 685.10 Td (, ) Tj ET Q q 0 0 0 rg BT 141.31 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.67 685.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 196.70 685.10 Td (sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.51 685.10 Td (3,465,245) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.51 685.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.65 685.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 284.78 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.26 685.10 Td (its ) Tj ET Q q 0 0 0 rg BT 306.84 685.10 Td (common ) Tj ET Q q 0 0 0 rg BT 343.98 685.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 367.23 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.81 685.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 413.15 685.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 450.28 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.86 685.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 507.31 685.10 Td (of) Tj ET Q q 0 0 0 rg BT 515.46 685.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 539.81 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 685.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.64 673.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 110.44 673.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.87 673.10 Td (Selling ) Tj ET Q q 0 0 0 rg BT 146.46 673.10 Td (Stockholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.68 673.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 209.70 673.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 229.62 673.10 Td (an ) Tj ET Q q 0 0 0 rg BT 242.31 673.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 284.42 673.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 673.10 Td (101,638) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.50 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.75 673.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 359.99 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.02 673.10 Td (an ) Tj ET Q q 0 0 0 rg BT 383.71 673.10 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 438.06 673.10 Td (public ) Tj ET Q q 0 0 0 rg BT 466.30 673.10 Td (of) Tj ET Q q 0 0 0 rg BT 474.45 673.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 501.58 673.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 539.27 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 673.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 661.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 661.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.55 661.10 Td (ef) Tj ET Q q 0 0 0 rg BT 105.14 661.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 134.83 661.10 Td (Registration ) Tj ET Q q 0 0 0 rg BT 186.21 661.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 228.69 661.10 Td (on ) Tj ET Q q 0 0 0 rg BT 241.18 661.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 265.34 661.10 Td (S-3 ) Tj ET Q q 0 0 0 rg BT 281.73 661.10 Td (\(Registration ) Tj ET Q q 0 0 0 rg BT 336.43 661.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 353.65 661.10 Td (333-181980\) ) Tj ET Q q 0 0 0 rg BT 407.80 661.10 Td (at ) Tj ET Q q 0 0 0 rg BT 417.51 661.10 Td (a ) Tj ET Q q 0 0 0 rg BT 424.44 661.10 Td (public ) Tj ET Q q 0 0 0 rg BT 451.93 661.10 Td (of) Tj ET Q q 0 0 0 rg BT 460.08 661.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 486.45 661.10 Td (price ) Tj ET Q q 0 0 0 rg BT 508.93 661.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.75 661.10 Td ($17.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.25 661.10 Td ( ) Tj ET Q q 0 0 0 rg BT 549.74 661.10 Td (per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 649.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 74.90 649.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.38 649.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.21 649.10 Td (received ) Tj ET Q q 0 0 0 rg BT 169.01 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.16 649.10 Td (net ) Tj ET Q q 0 0 0 rg BT 197.32 649.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 234.79 649.10 Td (from ) Tj ET Q q 0 0 0 rg BT 256.17 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.33 649.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 287.81 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.08 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.24 649.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 339.16 649.10 Td (of) Tj ET Q q 0 0 0 rg BT 347.31 649.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 369.79 649.10 Td (by ) Tj ET Q q 0 0 0 rg BT 381.73 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.88 649.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 436.71 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.98 649.10 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.67 649.10 Td ($55.5 ) Tj ET Q q 0 0 0 rg BT 531.11 649.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.00 649.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 637.10 Td (after ) Tj ET Q q 0 0 0 rg BT 69.89 637.10 Td (deducting ) Tj ET Q q 0 0 0 rg BT 111.40 637.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 165.13 637.10 Td (discounts ) Tj ET Q q 0 0 0 rg BT 204.98 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.50 637.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 275.80 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.31 637.10 Td (of) Tj ET Q q 0 0 0 rg BT 300.46 637.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 326.41 637.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 366.94 637.10 Td (The ) Tj ET Q q 0 0 0 rg BT 384.56 637.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 425.52 637.10 Td (received ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.46 637.10 Td (no) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.46 637.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.53 637.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 511.15 637.10 Td (from ) Tj ET Q q 0 0 0 rg BT 532.66 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.95 637.10 Td (sale ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 625.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 87.82 625.10 Td (of) Tj ET Q q 0 0 0 rg BT 95.97 625.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 119.01 625.10 Td (by ) Tj ET Q q 0 0 0 rg BT 131.51 625.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.22 625.10 Td (Selling ) Tj ET Q q 0 0 0 rg BT 177.06 625.10 Td (Stockholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.28 625.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 603.20 Td (On ) Tj ET Q q 0 0 0 rg BT 87.02 603.20 Td (April20, ) Tj ET Q q 0 0 0 rg BT 126.09 603.20 Td (201) Tj ET Q q 0 0 0 rg BT 140.72 603.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 151.17 603.20 Td (the ) Tj ET Q q 0 0 0 rg BT 166.34 603.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 208.18 603.20 Td (sold ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.81 603.20 Td (5,000,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.81 603.20 Td ( ) Tj ET Q q 0 0 0 rg BT 270.76 603.20 Td (newly ) Tj ET Q q 0 0 0 rg BT 298.15 603.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 326.11 603.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 354.05 603.20 Td (of ) Tj ET Q q 0 0 0 rg BT 365.33 603.20 Td (common ) Tj ET Q q 0 0 0 rg BT 403.28 603.20 Td (stock, ) Tj ET Q q 0 0 0 rg BT 429.85 603.20 Td (par ) Tj ET Q q 0 0 0 rg BT 445.57 603.20 Td (value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.18 603.20 Td ($0.0001) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.68 603.20 Td ( ) Tj ET Q q 0 0 0 rg BT 505.63 603.20 Td (per ) Tj ET Q q 0 0 0 rg BT 521.35 603.20 Td (share, ) Tj ET Q q 0 0 0 rg BT 547.91 603.20 Td (at ) Tj ET Q q 0 0 0 rg BT 558.08 603.20 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 591.20 Td (price ) Tj ET Q q 0 0 0 rg BT 71.94 591.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.73 591.20 Td ($6.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.23 591.20 Td ( ) Tj ET Q q 0 0 0 rg BT 107.68 591.20 Td (per ) Tj ET Q q 0 0 0 rg BT 122.91 591.20 Td (share ) Tj ET Q q 0 0 0 rg BT 146.46 591.20 Td (in ) Tj ET Q q 0 0 0 rg BT 156.70 591.20 Td (its ) Tj ET Q q 0 0 0 rg BT 168.60 591.20 Td (initial ) Tj ET Q q 0 0 0 rg BT 194.39 591.20 Td (public ) Tj ET Q q 0 0 0 rg BT 221.84 591.20 Td (of) Tj ET Q q 0 0 0 rg BT 229.99 591.20 Td (fering, ) Tj ET Q q 0 0 0 rg BT 258.82 591.20 Td (or ) Tj ET Q q 0 0 0 rg BT 269.61 591.20 Td (IPO. ) Tj ET Q q 0 0 0 rg BT 290.50 591.20 Td (The ) Tj ET Q q 0 0 0 rg BT 308.50 591.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 349.85 591.20 Td (received ) Tj ET Q q 0 0 0 rg BT 386.16 591.20 Td (net ) Tj ET Q q 0 0 0 rg BT 400.84 591.20 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 438.83 591.20 Td (from ) Tj ET Q q 0 0 0 rg BT 460.72 591.20 Td (the ) Tj ET Q q 0 0 0 rg BT 475.40 591.20 Td (IPO ) Tj ET Q q 0 0 0 rg BT 493.97 591.20 Td (of ) Tj ET Q q 0 0 0 rg BT 504.75 591.20 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 579.20 Td ($21.3 ) Tj ET Q q 0 0 0 rg BT 74.64 579.20 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.53 579.20 Td ( ) Tj ET Q q 0 0 0 rg BT 106.18 579.20 Td (after ) Tj ET Q q 0 0 0 rg BT 127.14 579.20 Td (deducting ) Tj ET Q q 0 0 0 rg BT 169.21 579.20 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 223.51 579.20 Td (discounts ) Tj ET Q q 0 0 0 rg BT 263.93 579.20 Td (and ) Tj ET Q q 0 0 0 rg BT 281.01 579.20 Td (commissions ) Tj ET Q q 0 0 0 rg BT 335.88 579.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.86 579.20 Td ($2.1 ) Tj ET Q q 0 0 0 rg BT 367.00 579.20 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.89 579.20 Td ( ) Tj ET Q q 0 0 0 rg BT 398.53 579.20 Td (and ) Tj ET Q q 0 0 0 rg BT 415.62 579.20 Td (of) Tj ET Q q 0 0 0 rg BT 423.77 579.20 Td (fering ) Tj ET Q q 0 0 0 rg BT 450.29 579.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 489.03 579.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 579.20 Td ($6.6 ) Tj ET Q q 0 0 0 rg BT 520.14 579.20 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.04 579.20 Td (. ) Tj ET Q q 0 0 0 rg BT 554.18 579.20 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 567.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 96.41 567.20 Td (with ) Tj ET Q q 0 0 0 rg BT 117.22 567.20 Td (the ) Tj ET Q q 0 0 0 rg BT 132.47 567.20 Td (IPO, ) Tj ET Q q 0 0 0 rg BT 154.12 567.20 Td (on ) Tj ET Q q 0 0 0 rg BT 166.48 567.20 Td (April14, ) Tj ET Q q 0 0 0 rg BT 205.62 567.20 Td (201) Tj ET Q q 0 0 0 rg BT 220.25 567.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 230.78 567.20 Td (the ) Tj ET Q q 0 0 0 rg BT 246.03 567.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 287.95 567.20 Td (ef) Tj ET Q q 0 0 0 rg BT 295.54 567.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 323.00 567.20 Td (a ) Tj ET Q q 0 0 0 rg BT 330.47 567.20 Td (1-for) Tj ET Q q 0 0 0 rg BT 350.26 567.20 Td (-3 ) Tj ET Q q 0 0 0 rg BT 361.63 567.20 Td (reverse ) Tj ET Q q 0 0 0 rg BT 393.53 567.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 417.67 567.20 Td (split ) Tj ET Q q 0 0 0 rg BT 437.93 567.20 Td (of ) Tj ET Q q 0 0 0 rg BT 449.29 567.20 Td (all ) Tj ET Q q 0 0 0 rg BT 462.32 567.20 Td (of ) Tj ET Q q 0 0 0 rg BT 473.69 567.20 Td (its ) Tj ET Q q 0 0 0 rg BT 486.17 567.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 535.87 567.20 Td (capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 555.20 Td (stock. ) Tj ET Q q 0 0 0 rg BT 76.16 555.20 Td (Immediately ) Tj ET Q q 0 0 0 rg BT 129.75 555.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 152.24 555.20 Td (to ) Tj ET Q q 0 0 0 rg BT 163.07 555.20 Td (the ) Tj ET Q q 0 0 0 rg BT 178.33 555.20 Td (consummation ) Tj ET Q q 0 0 0 rg BT 240.27 555.20 Td (of ) Tj ET Q q 0 0 0 rg BT 251.65 555.20 Td (the ) Tj ET Q q 0 0 0 rg BT 266.91 555.20 Td (IPO ) Tj ET Q q 0 0 0 rg BT 286.08 555.20 Td (on ) Tj ET Q q 0 0 0 rg BT 298.46 555.20 Td (April20, ) Tj ET Q q 0 0 0 rg BT 337.61 555.20 Td (201) Tj ET Q q 0 0 0 rg BT 352.24 555.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 362.79 555.20 Td (the ) Tj ET Q q 0 0 0 rg BT 378.06 555.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 420.00 555.20 Td (ef) Tj ET Q q 0 0 0 rg BT 427.59 555.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 455.06 555.20 Td (the ) Tj ET Q q 0 0 0 rg BT 470.33 555.20 Td (conversion ) Tj ET Q q 0 0 0 rg BT 517.26 555.20 Td (of ) Tj ET Q q 0 0 0 rg BT 528.64 555.20 Td (all ) Tj ET Q q 0 0 0 rg BT 541.68 555.20 Td (of ) Tj ET Q q 0 0 0 rg BT 553.06 555.20 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 543.20 Td (1) Tj ET Q q 0 0 0 rg BT 54.13 543.20 Td (1,770,472) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.13 543.20 Td ( ) Tj ET Q q 0 0 0 rg BT 96.03 543.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 122.91 543.20 Td (of ) Tj ET Q q 0 0 0 rg BT 133.14 543.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 181.70 543.20 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 229.68 543.20 Td (convertible ) Tj ET Q q 0 0 0 rg BT 276.56 543.20 Td (preferred ) Tj ET Q q 0 0 0 rg BT 315.09 543.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 338.09 543.20 Td (into ) Tj ET Q q 0 0 0 rg BT 355.55 543.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 382.43 543.20 Td (of ) Tj ET Q q 0 0 0 rg BT 392.66 543.20 Td (common ) Tj ET Q q 0 0 0 rg BT 429.55 543.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 452.56 543.20 Td (on ) Tj ET Q q 0 0 0 rg BT 464.46 543.20 Td (a ) Tj ET Q q 0 0 0 rg BT 470.79 543.20 Td (1-for) Tj ET Q q 0 0 0 rg BT 490.58 543.20 Td (-1 ) Tj ET Q q 0 0 0 rg BT 500.81 543.20 Td (basis. ) Tj ET Q q 0 0 0 rg BT 525.07 543.20 Td (The ) Tj ET Q q 0 0 0 rg BT 542.51 543.20 Td (post-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 531.20 Td (IPO ) Tj ET Q q 0 0 0 rg BT 68.00 531.20 Td (amended ) Tj ET Q q 0 0 0 rg BT 106.48 531.20 Td (and ) Tj ET Q q 0 0 0 rg BT 123.30 531.20 Td (restated ) Tj ET Q q 0 0 0 rg BT 156.78 531.20 Td (certificate ) Tj ET Q q 0 0 0 rg BT 199.13 531.20 Td (of ) Tj ET Q q 0 0 0 rg BT 209.84 531.20 Td (incorporation ) Tj ET Q q 0 0 0 rg BT 266.10 531.20 Td (of ) Tj ET Q q 0 0 0 rg BT 276.81 531.20 Td (the ) Tj ET Q q 0 0 0 rg BT 291.41 531.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 332.68 531.20 Td (authorizes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.16 531.20 Td (140,000,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.16 531.20 Td ( ) Tj ET Q q 0 0 0 rg BT 428.55 531.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 455.92 531.20 Td (of ) Tj ET Q q 0 0 0 rg BT 466.63 531.20 Td (common ) Tj ET Q q 0 0 0 rg BT 504.01 531.20 Td (stock, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.01 531.20 Td ($0.0001) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.51 531.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 519.20 Td (par ) Tj ET Q q 0 0 0 rg BT 64.77 519.20 Td (value ) Tj ET Q q 0 0 0 rg BT 88.92 519.20 Td (per ) Tj ET Q q 0 0 0 rg BT 104.19 519.20 Td (share ) Tj ET Q q 0 0 0 rg BT 127.79 519.20 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.73 519.20 Td (10,000,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.73 519.20 Td ( ) Tj ET Q q 0 0 0 rg BT 192.23 519.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 219.72 519.20 Td (of ) Tj ET Q q 0 0 0 rg BT 230.55 519.20 Td (undesignated ) Tj ET Q q 0 0 0 rg BT 285.81 519.20 Td (preferred ) Tj ET Q q 0 0 0 rg BT 324.95 519.20 Td (stock, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.06 519.20 Td ($0.0001) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.56 519.20 Td ( ) Tj ET Q q 0 0 0 rg BT 386.06 519.20 Td (par ) Tj ET Q q 0 0 0 rg BT 401.33 519.20 Td (value ) Tj ET Q q 0 0 0 rg BT 425.48 519.20 Td (per ) Tj ET Q q 0 0 0 rg BT 440.75 519.20 Td (share.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 493.20 Td (Common ) Tj ET Q q 0 0 0 rg BT 101.79 493.20 Td (Stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 476.20 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 476.20 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 476.20 Td (number ) Tj ET Q q 0 0 0 rg BT 165.98 476.20 Td (of ) Tj ET Q q 0 0 0 rg BT 176.81 476.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 204.30 476.20 Td (of ) Tj ET Q q 0 0 0 rg BT 215.13 476.20 Td (common ) Tj ET Q q 0 0 0 rg BT 252.63 476.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 276.23 476.20 Td (were ) Tj ET Q q 0 0 0 rg BT 298.16 476.20 Td (reserved ) Tj ET Q q 0 0 0 rg BT 334.53 476.20 Td (and ) Tj ET Q q 0 0 0 rg BT 351.47 476.20 Td (available ) Tj ET Q q 0 0 0 rg BT 390.06 476.20 Td (for ) Tj ET Q q 0 0 0 rg BT 404.22 476.20 Td (future ) Tj ET Q q 0 0 0 rg BT 430.59 476.20 Td (issuance ) Tj ET Q q 0 0 0 rg BT 466.97 476.20 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.69 476.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 535.27 476.20 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 555.27 476.20 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 444.70 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 444.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 444.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 444.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 414.70 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 414.70 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 414.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 414.70 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 444.7 m 563 444.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 399.7 m 563 399.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 385.7 m 563 385.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 383.7 m 563 383.7 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 449.37 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 514.20 456.93 Td (Reserved) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 518.50 448.93 Td (Shar) Tj ET Q q 0 0 0 rg BT 534.80 448.93 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 435.27 Td (Options and awards outstanding under stock incentive plans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.15 434.37 Td (4,107,350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 420.27 Td (Shares available for future grant under the stock incentive plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.15 419.37 Td (2,134,237) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 405.27 Td (Shares available under the Employee Stock Purchase Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.65 404.37 Td (852,392) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 390.27 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.15 389.37 Td (7,093,979) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 359.20 Td (NOTE ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.34 359.20 Td (10) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.34 359.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 100.34 359.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 126.73 359.20 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 168.67 359.20 Td (Plans) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 192.01 359.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 342.20 Td (The ) Tj ET Q q 0 0 0 rg BT 90.95 342.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.73 342.20 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 176.38 342.20 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 225.49 342.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 282.93 342.20 Td (related ) Tj ET Q q 0 0 0 rg BT 312.03 342.20 Td (to ) Tj ET Q q 0 0 0 rg BT 321.71 342.20 Td (awards ) Tj ET Q q 0 0 0 rg BT 351.92 342.20 Td (granted ) Tj ET Q q 0 0 0 rg BT 383.81 342.20 Td (under ) Tj ET Q q 0 0 0 rg BT 408.48 342.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.59 342.20 Td (2009 ) Tj ET Q q 0 0 0 rg BT 444.49 342.20 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.27 342.20 Td (, ) Tj ET Q q 0 0 0 rg BT 466.67 342.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.78 342.20 Td (201) Tj ET Q q 0 0 0 rg BT 495.41 342.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 502.31 342.20 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.09 342.20 Td ( ) Tj ET Q q 0 0 0 rg BT 521.99 342.20 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.32 342.20 Td (ESPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.01 342.20 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 325.20 Td (2009 ) Tj ET Q q 0 0 0 rg BT 84.00 325.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 109.28 325.20 Td (Option ) Tj ET Q q 0 0 0 rg BT 140.12 325.20 Td (and ) Tj ET Q q 0 0 0 rg BT 158.18 325.20 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 199.00 325.20 Td (Plan ) Tj ET Q q 0 0 0 rg BT 220.95 325.20 Td (and ) Tj ET Q q 0 0 0 rg BT 239.01 325.20 Td (201) Tj ET Q q 0 0 0 rg BT 253.46 325.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 260.96 325.20 Td (Equity ) Tj ET Q q 0 0 0 rg BT 290.69 325.20 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 331.14 325.20 Td (A) Tj ET Q q 0 0 0 rg BT 337.07 325.20 Td (ward ) Tj ET Q q 0 0 0 rg BT 360.13 325.20 Td (Plan) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 308.20 Td (Stock ) Tj ET Q q 0 0 0 rg BT 97.66 308.20 Td (Options) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 291.20 Td (In ) Tj ET Q q 0 0 0 rg BT 83.44 291.20 Td (March ) Tj ET Q q 0 0 0 rg BT 111.14 291.20 Td (2009, ) Tj ET Q q 0 0 0 rg BT 135.25 291.20 Td (the ) Tj ET Q q 0 0 0 rg BT 149.07 291.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.56 291.20 Td (adopted ) Tj ET Q q 0 0 0 rg BT 222.82 291.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.64 291.20 Td (2009 ) Tj ET Q q 0 0 0 rg BT 258.25 291.20 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.03 291.20 Td (. ) Tj ET Q q 0 0 0 rg BT 280.13 291.20 Td (On ) Tj ET Q q 0 0 0 rg BT 293.96 291.20 Td (March7, ) Tj ET Q q 0 0 0 rg BT 331.66 291.20 Td (201) Tj ET Q q 0 0 0 rg BT 346.29 291.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 355.40 291.20 Td (the ) Tj ET Q q 0 0 0 rg BT 369.22 291.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 409.71 291.20 Td (adopted ) Tj ET Q q 0 0 0 rg BT 442.97 291.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.79 291.20 Td (201) Tj ET Q q 0 0 0 rg BT 471.42 291.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 478.03 291.20 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.81 291.20 Td (. ) Tj ET Q q 0 0 0 rg BT 499.80 291.20 Td (The ) Tj ET Q q 0 0 0 rg BT 516.95 291.20 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 291.20 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 279.20 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 102.55 279.20 Td (approved ) Tj ET Q q 0 0 0 rg BT 142.25 279.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.97 279.20 Td (201) Tj ET Q q 0 0 0 rg BT 171.60 279.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 179.10 279.20 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.88 279.20 Td ( ) Tj ET Q q 0 0 0 rg BT 199.38 279.20 Td (on ) Tj ET Q q 0 0 0 rg BT 211.88 279.20 Td (March24, ) Tj ET Q q 0 0 0 rg BT 255.48 279.20 Td (201) Tj ET Q q 0 0 0 rg BT 270.11 279.20 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 262.20 Td (Under ) Tj ET Q q 0 0 0 rg BT 101.23 262.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.19 262.20 Td (201) Tj ET Q q 0 0 0 rg BT 130.81 262.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 138.55 262.20 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.33 262.20 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.57 262.20 Td (2,666,666) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.57 262.20 Td ( ) Tj ET Q q 0 0 0 rg BT 204.31 262.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 232.04 262.20 Td (of ) Tj ET Q q 0 0 0 rg BT 243.11 262.20 Td (the ) Tj ET Q q 0 0 0 rg BT 258.07 262.20 Td (Company) Tj ET Q q 0 0 0 rg BT 299.73 262.20 Td (s ) Tj ET Q q 0 0 0 rg BT 306.36 262.20 Td (common ) Tj ET Q q 0 0 0 rg BT 344.10 262.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 367.94 262.20 Td (were ) Tj ET Q q 0 0 0 rg BT 390.11 262.20 Td (initially ) Tj ET Q q 0 0 0 rg BT 423.96 262.20 Td (reserved. ) Tj ET Q q 0 0 0 rg BT 463.07 262.20 Td ( ) Tj ET Q q 0 0 0 rg BT 465.20 262.20 Td (Additionally) Tj ET Q q 0 0 0 rg BT 515.10 262.20 Td (, ) Tj ET Q q 0 0 0 rg BT 520.34 262.20 Td (any ) Tj ET Q q 0 0 0 rg BT 537.52 262.20 Td (shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 250.20 Td (of ) Tj ET Q q 0 0 0 rg BT 60.52 250.20 Td (common ) Tj ET Q q 0 0 0 rg BT 98.21 250.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 122.00 250.20 Td (that ) Tj ET Q q 0 0 0 rg BT 139.69 250.20 Td (were ) Tj ET Q q 0 0 0 rg BT 161.81 250.20 Td (available ) Tj ET Q q 0 0 0 rg BT 200.59 250.20 Td (for ) Tj ET Q q 0 0 0 rg BT 214.94 250.20 Td (issuance ) Tj ET Q q 0 0 0 rg BT 251.51 250.20 Td (under ) Tj ET Q q 0 0 0 rg BT 276.97 250.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 299.09 250.20 Td (plans, ) Tj ET Q q 0 0 0 rg BT 325.39 250.20 Td (including ) Tj ET Q q 0 0 0 rg BT 365.86 250.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.76 250.20 Td (2009 ) Tj ET Q q 0 0 0 rg BT 403.46 250.20 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.23 250.20 Td (, ) Tj ET Q q 0 0 0 rg BT 426.42 250.20 Td (were ) Tj ET Q q 0 0 0 rg BT 448.54 250.20 Td (transferred ) Tj ET Q q 0 0 0 rg BT 494.54 250.20 Td (to ) Tj ET Q q 0 0 0 rg BT 505.01 250.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.92 250.20 Td (201) Tj ET Q q 0 0 0 rg BT 534.54 250.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 542.23 250.20 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.01 250.20 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 238.20 Td (As ) Tj ET Q q 0 0 0 rg BT 62.76 238.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.24 238.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 131.47 238.20 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.47 238.20 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.12 238.20 Td (984,924) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.62 238.20 Td ( ) Tj ET Q q 0 0 0 rg BT 190.77 238.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 217.91 238.20 Td (of ) Tj ET Q q 0 0 0 rg BT 228.39 238.20 Td (the ) Tj ET Q q 0 0 0 rg BT 242.75 238.20 Td (Company) Tj ET Q q 0 0 0 rg BT 284.42 238.20 Td (s ) Tj ET Q q 0 0 0 rg BT 290.46 238.20 Td (common ) Tj ET Q q 0 0 0 rg BT 327.60 238.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 350.86 238.20 Td (previously ) Tj ET Q q 0 0 0 rg BT 395.22 238.20 Td (available ) Tj ET Q q 0 0 0 rg BT 433.46 238.20 Td (for ) Tj ET Q q 0 0 0 rg BT 447.27 238.20 Td (issuance ) Tj ET Q q 0 0 0 rg BT 483.29 238.20 Td (under ) Tj ET Q q 0 0 0 rg BT 508.21 238.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.58 238.20 Td (2009 ) Tj ET Q q 0 0 0 rg BT 544.72 238.20 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.50 238.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 226.20 Td (were ) Tj ET Q q 0 0 0 rg BT 70.84 226.20 Td (available ) Tj ET Q q 0 0 0 rg BT 108.84 226.20 Td (for ) Tj ET Q q 0 0 0 rg BT 122.41 226.20 Td (issuance ) Tj ET Q q 0 0 0 rg BT 158.20 226.20 Td (under ) Tj ET Q q 0 0 0 rg BT 182.88 226.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.01 226.20 Td (201) Tj ET Q q 0 0 0 rg BT 211.64 226.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 218.55 226.20 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.33 226.20 Td (. ) Tj ET Q q 0 0 0 rg BT 240.60 226.20 Td (The ) Tj ET Q q 0 0 0 rg BT 258.06 226.20 Td (number ) Tj ET Q q 0 0 0 rg BT 290.52 226.20 Td (of ) Tj ET Q q 0 0 0 rg BT 300.76 226.20 Td (common ) Tj ET Q q 0 0 0 rg BT 337.67 226.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 364.57 226.20 Td (reserved ) Tj ET Q q 0 0 0 rg BT 400.35 226.20 Td (for ) Tj ET Q q 0 0 0 rg BT 413.92 226.20 Td (issuance ) Tj ET Q q 0 0 0 rg BT 449.71 226.20 Td (under ) Tj ET Q q 0 0 0 rg BT 474.39 226.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.52 226.20 Td (201) Tj ET Q q 0 0 0 rg BT 503.15 226.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 510.06 226.20 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.84 226.20 Td ( ) Tj ET Q q 0 0 0 rg BT 529.75 226.20 Td (increase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 214.20 Td (automatically ) Tj ET Q q 0 0 0 rg BT 106.78 214.20 Td (in ) Tj ET Q q 0 0 0 rg BT 117.42 214.20 Td (January ) Tj ET Q q 0 0 0 rg BT 151.37 214.20 Td (of ) Tj ET Q q 0 0 0 rg BT 162.56 214.20 Td (each ) Tj ET Q q 0 0 0 rg BT 183.74 214.20 Td (year ) Tj ET Q q 0 0 0 rg BT 203.80 214.20 Td (by ) Tj ET Q q 0 0 0 rg BT 216.66 214.20 Td (the ) Tj ET Q q 0 0 0 rg BT 231.73 214.20 Td (least ) Tj ET Q q 0 0 0 rg BT 252.92 214.20 Td (of ) Tj ET Q q 0 0 0 rg BT 264.10 214.20 Td (\(a\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.70 214.20 Td (1,666,666) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.70 214.20 Td ( ) Tj ET Q q 0 0 0 rg BT 320.56 214.20 Td (shares, ) Tj ET Q q 0 0 0 rg BT 350.91 214.20 Td (\(b\)five ) Tj ET Q q 0 0 0 rg BT 383.47 214.20 Td (percent ) Tj ET Q q 0 0 0 rg BT 415.76 214.20 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.09 214.20 Td (5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.42 214.20 Td (\)of ) Tj ET Q q 0 0 0 rg BT 449.43 214.20 Td (the ) Tj ET Q q 0 0 0 rg BT 464.51 214.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 492.36 214.20 Td (of ) Tj ET Q q 0 0 0 rg BT 503.54 214.20 Td (common ) Tj ET Q q 0 0 0 rg BT 541.40 214.20 Td (stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 202.20 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.89 202.20 Td (on ) Tj ET Q q 0 0 0 rg BT 111.62 202.20 Td (the ) Tj ET Q q 0 0 0 rg BT 126.56 202.20 Td (last ) Tj ET Q q 0 0 0 rg BT 143.18 202.20 Td (day ) Tj ET Q q 0 0 0 rg BT 160.34 202.20 Td (of ) Tj ET Q q 0 0 0 rg BT 171.40 202.20 Td (the ) Tj ET Q q 0 0 0 rg BT 186.34 202.20 Td (immediately ) Tj ET Q q 0 0 0 rg BT 239.06 202.20 Td (preceding ) Tj ET Q q 0 0 0 rg BT 281.21 202.20 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 305.59 202.20 Td (year ) Tj ET Q q 0 0 0 rg BT 325.52 202.20 Td (and ) Tj ET Q q 0 0 0 rg BT 342.69 202.20 Td (\(c\)such ) Tj ET Q q 0 0 0 rg BT 377.34 202.20 Td (smaller ) Tj ET Q q 0 0 0 rg BT 409.50 202.20 Td (number ) Tj ET Q q 0 0 0 rg BT 442.78 202.20 Td (of ) Tj ET Q q 0 0 0 rg BT 453.84 202.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 481.55 202.20 Td (of ) Tj ET Q q 0 0 0 rg BT 492.61 202.20 Td (common ) Tj ET Q q 0 0 0 rg BT 530.33 202.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 554.17 202.20 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 190.20 Td (determined ) Tj ET Q q 0 0 0 rg BT 96.95 190.20 Td (by ) Tj ET Q q 0 0 0 rg BT 109.43 190.20 Td (the ) Tj ET Q q 0 0 0 rg BT 124.12 190.20 Td (Company) Tj ET Q q 0 0 0 rg BT 165.78 190.20 Td (s ) Tj ET Q q 0 0 0 rg BT 172.15 190.20 Td (board ) Tj ET Q q 0 0 0 rg BT 197.39 190.20 Td (of ) Tj ET Q q 0 0 0 rg BT 208.19 190.20 Td (directors; ) Tj ET Q q 0 0 0 rg BT 248.43 190.20 Td (provided, ) Tj ET Q q 0 0 0 rg BT 288.95 190.20 Td (however ) Tj ET Q q 0 0 0 rg BT 325.85 190.20 Td (that ) Tj ET Q q 0 0 0 rg BT 343.32 190.20 Td (no ) Tj ET Q q 0 0 0 rg BT 355.79 190.20 Td (more ) Tj ET Q q 0 0 0 rg BT 378.81 190.20 Td (than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 190.20 Td (23,333,333) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.50 190.20 Td ( ) Tj ET Q q 0 0 0 rg BT 445.97 190.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 473.44 190.20 Td (of ) Tj ET Q q 0 0 0 rg BT 484.24 190.20 Td (common ) Tj ET Q q 0 0 0 rg BT 521.71 190.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 545.29 190.20 Td (may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 178.20 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 178.20 Td (issued ) Tj ET Q q 0 0 0 rg BT 88.94 178.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 111.44 178.20 Td (the ) Tj ET Q q 0 0 0 rg BT 126.16 178.20 Td (exercise ) Tj ET Q q 0 0 0 rg BT 161.41 178.20 Td (of ) Tj ET Q q 0 0 0 rg BT 172.24 178.20 Td (incentive ) Tj ET Q q 0 0 0 rg BT 211.39 178.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 235.00 178.20 Td (options.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 161.20 Td (In ) Tj ET Q q 0 0 0 rg BT 84.33 161.20 Td (December ) Tj ET Q q 0 0 0 rg BT 127.91 161.20 Td (2001, ) Tj ET Q q 0 0 0 rg BT 152.91 161.20 Td (the ) Tj ET Q q 0 0 0 rg BT 167.63 161.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 209.02 161.20 Td (replaced ) Tj ET Q q 0 0 0 rg BT 245.38 161.20 Td (employee ) Tj ET Q q 0 0 0 rg BT 286.75 161.20 Td (options ) Tj ET Q q 0 0 0 rg BT 318.70 161.20 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.86 161.20 Td (758,049) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.36 161.20 Td ( ) Tj ET Q q 0 0 0 rg BT 367.86 161.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 395.35 161.20 Td (with ) Tj ET Q q 0 0 0 rg BT 415.63 161.20 Td (an ) Tj ET Q q 0 0 0 rg BT 427.57 161.20 Td (exercise ) Tj ET Q q 0 0 0 rg BT 462.82 161.20 Td (price ) Tj ET Q q 0 0 0 rg BT 485.31 161.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.14 161.20 Td ($13.83) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.64 161.20 Td ( ) Tj ET Q q 0 0 0 rg BT 526.14 161.20 Td (per ) Tj ET Q q 0 0 0 rg BT 541.41 161.20 Td (share ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 149.20 Td (with ) Tj ET Q q 0 0 0 rg BT 70.32 149.20 Td (options ) Tj ET Q q 0 0 0 rg BT 102.81 149.20 Td (having ) Tj ET Q q 0 0 0 rg BT 133.07 149.20 Td (an ) Tj ET Q q 0 0 0 rg BT 145.56 149.20 Td (exercise ) Tj ET Q q 0 0 0 rg BT 181.35 149.20 Td (price ) Tj ET Q q 0 0 0 rg BT 204.38 149.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.76 149.20 Td ($3.75) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.26 149.20 Td ( ) Tj ET Q q 0 0 0 rg BT 241.30 149.20 Td (per ) Tj ET Q q 0 0 0 rg BT 257.11 149.20 Td (share. ) Tj ET Q q 0 0 0 rg BT 283.75 149.20 Td ( ) Tj ET Q q 0 0 0 rg BT 286.58 149.20 Td (The ) Tj ET Q q 0 0 0 rg BT 305.17 149.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 347.10 149.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 394.00 149.20 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 444.25 149.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 502.84 149.20 Td (benefit ) Tj ET Q q 0 0 0 rg BT 533.65 149.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.02 149.20 Td ($0.4 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 137.20 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.39 137.20 Td ( ) Tj ET Q q 0 0 0 rg BT 80.42 137.20 Td (for ) Tj ET Q q 0 0 0 rg BT 94.11 137.20 Td (the ) Tj ET Q q 0 0 0 rg BT 108.35 137.20 Td (year ) Tj ET Q q 0 0 0 rg BT 127.59 137.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 153.49 137.20 Td (December ) Tj ET Q q 0 0 0 rg BT 196.60 137.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 211.13 137.20 Td (201) Tj ET Q q 0 0 0 rg BT 225.76 137.20 Td (1. ) Tj ET Q q 0 0 0 rg BT 235.14 137.20 Td (There ) Tj ET Q q 0 0 0 rg BT 260.48 137.20 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.06 137.20 Td (no) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.06 137.20 Td ( ) Tj ET Q q 0 0 0 rg BT 290.09 137.20 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 339.33 137.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 396.90 137.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 431.13 137.20 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 467.58 137.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 513.47 137.20 Td (for ) Tj ET Q q 0 0 0 rg BT 527.16 137.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.41 137.20 Td (years ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 125.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 75.88 125.20 Td (December ) Tj ET Q q 0 0 0 rg BT 119.46 125.20 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.96 125.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.46 125.20 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.46 125.20 Td ( ) Tj ET Q q 0 0 0 rg BT 156.96 125.20 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.90 125.20 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.90 125.20 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 108.20 Td (In ) Tj ET Q q 0 0 0 rg BT 83.90 108.20 Td (April ) Tj ET Q q 0 0 0 rg BT 107.66 108.20 Td (2009, ) Tj ET Q q 0 0 0 rg BT 132.81 108.20 Td (the ) Tj ET Q q 0 0 0 rg BT 147.68 108.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.23 108.20 Td (replaced ) Tj ET Q q 0 0 0 rg BT 225.74 108.20 Td (employee ) Tj ET Q q 0 0 0 rg BT 267.27 108.20 Td (options ) Tj ET Q q 0 0 0 rg BT 299.37 108.20 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.68 108.20 Td (1,993,923) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.68 108.20 Td ( ) Tj ET Q q 0 0 0 rg BT 356.34 108.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 383.98 108.20 Td (with ) Tj ET Q q 0 0 0 rg BT 404.41 108.20 Td (exercise ) Tj ET Q q 0 0 0 rg BT 439.82 108.20 Td (prices ) Tj ET Q q 0 0 0 rg BT 466.35 108.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.34 108.20 Td ($5.40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.84 108.20 Td ( ) Tj ET Q q 0 0 0 rg BT 502.49 108.20 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.58 108.20 Td ($5.94) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.08 108.20 Td ( ) Tj ET Q q 0 0 0 rg BT 544.74 108.20 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 96.20 Td (options ) Tj ET Q q 0 0 0 rg BT 81.62 96.20 Td (having ) Tj ET Q q 0 0 0 rg BT 111.51 96.20 Td (an ) Tj ET Q q 0 0 0 rg BT 123.62 96.20 Td (exercise ) Tj ET Q q 0 0 0 rg BT 159.05 96.20 Td (price ) Tj ET Q q 0 0 0 rg BT 181.70 96.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.71 96.20 Td ($1.38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.21 96.20 Td ( ) Tj ET Q q 0 0 0 rg BT 217.88 96.20 Td (and ) Tj ET Q q 0 0 0 rg BT 234.99 96.20 Td (which ) Tj ET Q q 0 0 0 rg BT 262.10 96.20 Td (included ) Tj ET Q q 0 0 0 rg BT 299.21 96.20 Td (new ) Tj ET Q q 0 0 0 rg BT 318.54 96.20 Td (vesting ) Tj ET Q q 0 0 0 rg BT 350.10 96.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 382.21 96.20 Td (in ) Tj ET Q q 0 0 0 rg BT 392.66 96.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 440.29 96.20 Td (with ) Tj ET Q q 0 0 0 rg BT 460.74 96.20 Td (the ) Tj ET Q q 0 0 0 rg BT 475.63 96.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 500.52 96.20 Td (of ) Tj ET Q q 0 0 0 rg BT 511.52 96.20 Td (the ) Tj ET Q q 0 0 0 rg BT 526.41 96.20 Td (repricing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 84.20 Td (plan ) Tj ET Q q 0 0 0 rg BT 68.58 84.20 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.35 84.20 Td (April ) Tj ET Q q 0 0 0 rg BT 99.33 84.20 Td (2009 ) Tj ET Q q 0 0 0 rg BT 121.20 84.20 Td (repricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.29 84.20 Td (\). ) Tj ET Q q 0 0 0 rg BT 169.29 84.20 Td (The ) Tj ET Q q 0 0 0 rg BT 186.71 84.20 Td (replacement ) Tj ET Q q 0 0 0 rg BT 237.43 84.20 Td (options ) Tj ET Q q 0 0 0 rg BT 268.75 84.20 Td (resulted ) Tj ET Q q 0 0 0 rg BT 302.27 84.20 Td (in ) Tj ET Q q 0 0 0 rg BT 311.92 84.20 Td (incremental ) Tj ET Q q 0 0 0 rg BT 360.98 84.20 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 410.06 84.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 467.47 84.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 501.54 84.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.74 84.20 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 531.11 84.20 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.00 84.20 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 72.20 Td (which ) Tj ET Q q 0 0 0 rg BT 76.44 72.20 Td (was ) Tj ET Q q 0 0 0 rg BT 94.49 72.20 Td (recognized ) Tj ET Q q 0 0 0 rg BT 140.85 72.20 Td (ratably ) Tj ET Q q 0 0 0 rg BT 171.12 72.20 Td (as ) Tj ET Q q 0 0 0 rg BT 181.95 72.20 Td (the ) Tj ET Q q 0 0 0 rg BT 196.66 72.20 Td (awards ) Tj ET Q q 0 0 0 rg BT 227.48 72.20 Td (vested ) Tj ET Q q 0 0 0 rg BT 255.53 72.20 Td (between) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.85 72.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.35 72.20 Td (March ) Tj ET Q q 0 0 0 rg BT 319.94 72.20 Td (2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.94 72.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.44 72.20 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.88 72.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.38 72.20 Td (October ) Tj ET Q q 0 0 0 rg BT 394.09 72.20 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.09 72.20 Td (.) Tj ET Q endstream endobj 149 0 obj <> endobj 150 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.52 740.10 Td (August ) Tj ET Q q 0 0 0 rg BT 114.59 740.10 Td (2007, ) Tj ET Q q 0 0 0 rg BT 139.26 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.65 740.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.71 740.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 226.86 740.10 Td (an ) Tj ET Q q 0 0 0 rg BT 238.47 740.10 Td (option ) Tj ET Q q 0 0 0 rg BT 266.20 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.15 740.10 Td (purchase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.86 740.10 Td (450,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.36 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.53 740.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 375.69 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.20 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.58 740.10 Td (Company) Tj ET Q q 0 0 0 rg BT 442.25 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 448.31 740.10 Td (common ) Tj ET Q q 0 0 0 rg BT 485.48 740.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 508.76 740.10 Td (at ) Tj ET Q q 0 0 0 rg BT 518.15 740.10 Td (an ) Tj ET Q q 0 0 0 rg BT 529.76 740.10 Td (exercise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (price ) Tj ET Q q 0 0 0 rg BT 71.64 728.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.12 728.10 Td ($5.94) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.62 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.77 728.10 Td (per ) Tj ET Q q 0 0 0 rg BT 121.69 728.10 Td (share ) Tj ET Q q 0 0 0 rg BT 144.94 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.87 728.10 Td (an ) Tj ET Q q 0 0 0 rg BT 166.46 728.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 206.92 728.10 Td (of) Tj ET Q q 0 0 0 rg BT 215.07 728.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 235.53 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.01 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.38 728.10 Td (Company) Tj ET Q q 0 0 0 rg BT 298.62 728.10 Td (. ) Tj ET Q q 0 0 0 rg BT 303.11 728.10 Td (The ) Tj ET Q q 0 0 0 rg BT 320.81 728.10 Td (option ) Tj ET Q q 0 0 0 rg BT 348.52 728.10 Td (was ) Tj ET Q q 0 0 0 rg BT 366.22 728.10 Td (canceled ) Tj ET Q q 0 0 0 rg BT 403.34 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.93 728.10 Td (repriced ) Tj ET Q q 0 0 0 rg BT 454.84 728.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.21 728.10 Td ($1.38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.71 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.86 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 499.34 728.10 Td (part ) Tj ET Q q 0 0 0 rg BT 517.04 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.52 728.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.41 728.10 Td (April ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 72.04 716.10 Td (repricing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.13 716.10 Td (. ) Tj ET Q q 0 0 0 rg BT 113.17 716.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 135.70 716.10 Td (option ) Tj ET Q q 0 0 0 rg BT 163.79 716.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 199.65 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.63 716.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 259.69 716.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 310.53 716.10 Td (with ) Tj ET Q q 0 0 0 rg BT 330.85 716.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 362.27 716.10 Td (triggered ) Tj ET Q q 0 0 0 rg BT 400.90 716.10 Td (by ) Tj ET Q q 0 0 0 rg BT 413.43 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 420.41 716.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 456.83 716.10 Td (event ) Tj ET Q q 0 0 0 rg BT 481.03 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.89 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.64 716.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.07 716.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.07 704.10 Td (number ) Tj ET Q q 0 0 0 rg BT 96.97 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.66 704.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 135.56 704.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 162.91 704.10 Td (is ) Tj ET Q q 0 0 0 rg BT 171.93 704.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 219.27 704.10 Td (based ) Tj ET Q q 0 0 0 rg BT 244.39 704.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 266.74 704.10 Td (a ) Tj ET Q q 0 0 0 rg BT 273.54 704.10 Td (return ) Tj ET Q q 0 0 0 rg BT 299.77 704.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 335.46 704.10 Td (as ) Tj ET Q q 0 0 0 rg BT 346.14 704.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 378.48 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.61 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.19 704.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 449.68 704.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 474.26 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.83 704.10 Td (IPO ) Tj ET Q q 0 0 0 rg BT 507.30 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.91 704.10 Td (April ) Tj ET Q q 0 0 0 rg BT 540.37 704.10 Td (201) Tj ET Q q 0 0 0 rg BT 555.00 704.10 Td (1, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.12 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.85 692.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 103.03 692.10 Td (event ) Tj ET Q q 0 0 0 rg BT 126.97 692.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 159.25 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.31 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.82 692.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 227.75 692.10 Td (occurred, ) Tj ET Q q 0 0 0 rg BT 267.51 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.02 692.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 323.20 692.10 Td (began ) Tj ET Q q 0 0 0 rg BT 349.36 692.10 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 398.85 692.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 456.68 692.10 Td (expense. ) Tj ET Q q 0 0 0 rg BT 493.51 692.10 Td (The ) Tj ET Q q 0 0 0 rg BT 511.35 692.10 Td (options ) Tj ET Q q 0 0 0 rg BT 543.09 692.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 70.74 680.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 98.65 680.10 Td (as ) Tj ET Q q 0 0 0 rg BT 109.33 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.02 680.10 Td (December ) Tj ET Q q 0 0 0 rg BT 163.46 680.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 178.31 680.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 203.00 680.10 Td (The ) Tj ET Q q 0 0 0 rg BT 220.90 680.10 Td (related ) Tj ET Q q 0 0 0 rg BT 250.46 680.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 308.36 680.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 342.92 680.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 389.14 680.10 Td (for ) Tj ET Q q 0 0 0 rg BT 403.16 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.73 680.10 Td (years ) Tj ET Q q 0 0 0 rg BT 441.18 680.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 467.42 680.10 Td (December ) Tj ET Q q 0 0 0 rg BT 510.86 680.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 525.71 680.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 548.07 680.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (201) Tj ET Q q 0 0 0 rg BT 64.13 668.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 71.63 668.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.68 668.10 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 109.68 668.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.57 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.07 668.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.01 668.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 178.01 668.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.90 668.10 Td (, ) Tj ET Q q 0 0 0 rg BT 211.90 668.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 259.56 668.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 651.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.92 651.10 Td (December ) Tj ET Q q 0 0 0 rg BT 127.09 651.10 Td (2010, ) Tj ET Q q 0 0 0 rg BT 151.68 651.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.98 651.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 206.95 651.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 244.01 651.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 291.10 651.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 314.30 651.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 357.46 651.10 Td (from ) Tj ET Q q 0 0 0 rg BT 378.99 651.10 Td (non-of) Tj ET Q q 0 0 0 rg BT 405.47 651.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 425.87 651.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 470.72 651.10 Td (in ) Tj ET Q q 0 0 0 rg BT 480.59 651.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 536.55 651.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.29 651.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 639.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 84.38 639.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.84 639.10 Td (36,400) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.34 639.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.46 639.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 145.48 639.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 173.15 639.10 Td (nonqualified ) Tj ET Q q 0 0 0 rg BT 225.82 639.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 249.05 639.10 Td (options. ) Tj ET Q q 0 0 0 rg BT 282.97 639.10 Td (The ) Tj ET Q q 0 0 0 rg BT 300.65 639.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 347.77 639.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 371.01 639.10 Td (are ) Tj ET Q q 0 0 0 rg BT 385.34 639.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 418.01 639.10 Td (by ) Tj ET Q q 0 0 0 rg BT 430.13 639.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.48 639.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 489.93 639.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 517.04 639.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.50 639.10 Td (common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 627.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 72.29 627.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.41 627.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 107.30 627.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 138.42 627.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.31 627.10 Td (0.32%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.15 627.10 Td (per ) Tj ET Q q 0 0 0 rg BT 190.10 627.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 221.37 627.10 Td (The ) Tj ET Q q 0 0 0 rg BT 238.60 627.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 261.39 627.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 304.15 627.10 Td (are ) Tj ET Q q 0 0 0 rg BT 318.04 627.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 363.04 627.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.50 627.10 Td (be ) Tj ET Q q 0 0 0 rg BT 383.62 627.10 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 437.50 627.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 460.29 627.10 Td (under ) Tj ET Q q 0 0 0 rg BT 484.74 627.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 518.63 627.10 Td (accounting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 615.10 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 89.38 615.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 112.89 615.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.39 615.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 148.79 615.10 Td (are ) Tj ET Q q 0 0 0 rg BT 162.28 615.10 Td (non-recourse ) Tj ET Q q 0 0 0 rg BT 215.77 615.10 Td (for ) Tj ET Q q 0 0 0 rg BT 228.72 615.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 273.88 615.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 313.22 615.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.72 615.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 363.00 615.10 Td (exercises ) Tj ET Q q 0 0 0 rg BT 400.94 615.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.56 615.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.06 615.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 446.46 615.10 Td (options ) Tj ET Q q 0 0 0 rg BT 477.19 615.10 Td (have ) Tj ET Q q 0 0 0 rg BT 497.36 615.10 Td (been ) Tj ET Q q 0 0 0 rg BT 517.52 615.10 Td (determined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 603.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 603.10 Td (not ) Tj ET Q q 0 0 0 rg BT 75.06 603.10 Td (be ) Tj ET Q q 0 0 0 rg BT 87.00 603.10 Td (substantive ) Tj ET Q q 0 0 0 rg BT 134.49 603.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.43 603.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 190.01 603.10 Td (not ) Tj ET Q q 0 0 0 rg BT 205.29 603.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 242.76 603.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.04 603.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.76 603.10 Td (Company) Tj ET Q q 0 0 0 rg BT 309.42 603.10 Td (s ) Tj ET Q q 0 0 0 rg BT 315.81 603.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 348.85 603.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 371.89 603.10 Td (as ) Tj ET Q q 0 0 0 rg BT 382.72 603.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.55 603.10 Td (December ) Tj ET Q q 0 0 0 rg BT 437.14 603.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 452.14 603.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.14 603.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.64 603.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.47 603.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.47 603.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 586.10 Td (In ) Tj ET Q q 0 0 0 rg BT 84.27 586.10 Td (February ) Tj ET Q q 0 0 0 rg BT 122.82 586.10 Td (201) Tj ET Q q 0 0 0 rg BT 137.45 586.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 147.39 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.05 586.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 203.38 586.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 240.79 586.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 288.24 586.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 311.79 586.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 355.31 586.10 Td (from ) Tj ET Q q 0 0 0 rg BT 377.20 586.10 Td (non-of) Tj ET Q q 0 0 0 rg BT 403.68 586.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 424.44 586.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 469.64 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.86 586.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 536.18 586.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.28 586.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 84.75 574.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.58 574.10 Td (29,163) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.08 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.58 574.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 146.97 574.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 175.02 574.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 214.17 574.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 237.78 574.10 Td (options ) Tj ET Q q 0 0 0 rg BT 269.72 574.10 Td (that ) Tj ET Q q 0 0 0 rg BT 287.22 574.10 Td (were ) Tj ET Q q 0 0 0 rg BT 309.15 574.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 339.97 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.25 574.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 384.95 574.10 Td (accounting. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 557.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.76 557.10 Td (November201) Tj ET Q q 0 0 0 rg BT 143.10 557.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 152.53 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.68 557.10 Td (Company) Tj ET Q q 0 0 0 rg BT 208.35 557.10 Td (s ) Tj ET Q q 0 0 0 rg BT 214.17 557.10 Td (board ) Tj ET Q q 0 0 0 rg BT 238.87 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.13 557.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 286.05 557.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 325.19 557.10 Td (extending ) Tj ET Q q 0 0 0 rg BT 366.56 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.71 557.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 416.52 557.10 Td (date ) Tj ET Q q 0 0 0 rg BT 435.11 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.37 557.10 Td (each ) Tj ET Q q 0 0 0 rg BT 465.62 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.88 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.03 557.10 Td (above ) Tj ET Q q 0 0 0 rg BT 515.84 557.10 Td (outstanding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 82.76 545.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 130.47 545.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 154.30 545.10 Td (held ) Tj ET Q q 0 0 0 rg BT 174.24 545.10 Td (by ) Tj ET Q q 0 0 0 rg BT 186.96 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.89 545.10 Td (Company) Tj ET Q q 0 0 0 rg BT 240.13 545.10 Td (. ) Tj ET Q q 0 0 0 rg BT 244.75 545.10 Td (As ) Tj ET Q q 0 0 0 rg BT 258.58 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 265.74 545.10 Td (result ) Tj ET Q q 0 0 0 rg BT 290.67 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.72 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.66 545.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 357.70 545.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 397.63 545.10 Td (by ) Tj ET Q q 0 0 0 rg BT 410.35 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.28 545.10 Td (Company) Tj ET Q q 0 0 0 rg BT 466.95 545.10 Td (s ) Tj ET Q q 0 0 0 rg BT 473.56 545.10 Td (board ) Tj ET Q q 0 0 0 rg BT 499.04 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.09 545.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 550.30 545.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 96.50 533.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 119.61 533.10 Td (were ) Tj ET Q q 0 0 0 rg BT 141.04 533.10 Td (due ) Tj ET Q q 0 0 0 rg BT 157.48 533.10 Td (on ) Tj ET Q q 0 0 0 rg BT 169.48 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.70 533.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 211.23 533.10 Td (of: ) Tj ET Q q 0 0 0 rg BT 224.34 533.10 Td (\(i\)\(x\)November1) Tj ET Q q 0 0 0 rg BT 299.78 533.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 309.28 533.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 331.28 533.10 Td (for ) Tj ET Q q 0 0 0 rg BT 344.94 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.16 533.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 406.16 533.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 429.27 533.10 Td (related ) Tj ET Q q 0 0 0 rg BT 458.47 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.25 533.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.47 533.10 Td (36,400) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.97 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.97 533.10 Td (nonqualified ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (options ) Tj ET Q q 0 0 0 rg BT 81.35 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.19 521.10 Td (\(y\)May1) Tj ET Q q 0 0 0 rg BT 137.81 521.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 147.71 521.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 170.11 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 184.17 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.78 521.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 246.18 521.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 269.69 521.10 Td (related ) Tj ET Q q 0 0 0 rg BT 299.29 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.47 521.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.09 521.10 Td (29,163) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.59 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.99 521.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 393.04 521.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 416.55 521.10 Td (options; ) Tj ET Q q 0 0 0 rg BT 451.17 521.10 Td (\(ii\)immediately ) Tj ET Q q 0 0 0 rg BT 518.27 521.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 540.11 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 521.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 96.11 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 107.15 509.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 153.19 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.23 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.15 509.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 220.75 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.79 509.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 254.50 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.65 509.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 308.23 509.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 345.94 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.42 509.10 Td (a ) Tj ET Q q 0 0 0 rg BT 363.57 509.10 Td (change ) Tj ET Q q 0 0 0 rg BT 394.60 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.64 509.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 439.17 509.10 Td (including ) Tj ET Q q 0 0 0 rg BT 479.66 509.10 Td (by ) Tj ET Q q 0 0 0 rg BT 492.37 509.10 Td (mer) Tj ET Q q 0 0 0 rg BT 507.73 509.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 523.21 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.25 509.10 Td (by ) Tj ET Q q 0 0 0 rg BT 546.96 509.10 Td (sale ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.14 497.10 Td (all ) Tj ET Q q 0 0 0 rg BT 72.45 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 83.10 497.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 135.96 497.10 Td (all ) Tj ET Q q 0 0 0 rg BT 148.27 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.91 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.44 497.10 Td (Company) Tj ET Q q 0 0 0 rg BT 215.11 497.10 Td (s ) Tj ET Q q 0 0 0 rg BT 221.31 497.10 Td (assets; ) Tj ET Q q 0 0 0 rg BT 249.74 497.10 Td (\(iii\)the ) Tj ET Q q 0 0 0 rg BT 281.76 497.10 Td (employee) Tj ET Q q 0 0 0 rg BT 323.41 497.10 Td (s ) Tj ET Q q 0 0 0 rg BT 329.62 497.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 378.03 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 388.67 497.10 Td (an ) Tj ET Q q 0 0 0 rg BT 400.42 497.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 441.61 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 452.25 497.10 Td (consultant ) Tj ET Q q 0 0 0 rg BT 495.67 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.31 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.84 497.10 Td (Company; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.60 485.10 Td (\(iv\)the ) Tj ET Q q 0 0 0 rg BT 90.52 485.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 136.13 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.23 485.10 Td (an ) Tj ET Q q 0 0 0 rg BT 157.43 485.10 Td (event ) Tj ET Q q 0 0 0 rg BT 180.85 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.95 485.10 Td (default ) Tj ET Q q 0 0 0 rg BT 220.48 485.10 Td (as ) Tj ET Q q 0 0 0 rg BT 230.57 485.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 262.32 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.87 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.85 485.10 Td (promissory ) Tj ET Q q 0 0 0 rg BT 332.61 485.10 Td (note. ) Tj ET Q q 0 0 0 rg BT 353.71 485.10 Td (As ) Tj ET Q q 0 0 0 rg BT 366.58 485.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 389.18 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.16 485.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 443.81 485.10 Td 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0 rg BT 435.56 473.10 Td (material ) Tj ET Q q 0 0 0 rg BT 470.76 473.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 500.42 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 512.86 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.52 473.10 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 444.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 444.10 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 444.10 Td (table ) Tj ET Q q 0 0 0 rg BT 154.87 444.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 205.13 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.85 444.10 Td (Company) Tj ET Q q 0 0 0 rg BT 261.51 444.10 Td (s ) Tj ET Q q 0 0 0 rg BT 267.90 444.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 291.51 444.10 Td (option ) Tj ET Q q 0 0 0 rg BT 319.57 444.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 352.06 444.10 Td (under ) Tj ET Q q 0 0 0 rg BT 377.33 444.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.04 444.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 414.54 444.10 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.32 444.10 Td ( ) Tj ET Q q 0 0 0 rg BT 434.82 444.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.76 444.10 Td (201) Tj ET Q q 0 0 0 rg BT 466.39 444.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 473.89 444.10 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 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0.9333333333333333 1 rg /GS0 gs 507.00 255.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 225.60 277.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 225.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 225.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 225.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 225.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 195.60 277.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 195.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 195.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 195.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 195.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 195.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 195.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 195.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 165.60 277.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.00 165.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 165.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.00 165.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 165.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 165.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 165.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 165.60 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 388.6 m 383 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 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149.60000000000002 m 503 149.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 151.60000000000002 m 563 151.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507 149.60000000000002 m 563 149.60000000000002 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.00 400.83 Td (Number) Tj ET Q q 0 0 0 rg BT 364.30 400.83 Td ( of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.00 392.83 Td (Shar) Tj ET Q q 0 0 0 rg BT 359.30 392.83 Td (es) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.25 416.83 Td (W) Tj ET Q q 0 0 0 rg BT 405.81 416.83 Td (eighted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.55 408.83 Td (A) Tj ET Q q 0 0 0 rg BT 405.73 408.83 Td (verage) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.10 400.83 Td (Exer) Tj ET Q q 0 0 0 rg BT 416.39 400.83 Td (cise) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.60 392.83 Td (Price) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.25 424.83 Td (W) Tj ET Q q 0 0 0 rg BT 465.81 424.83 Td (eighted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 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379.15 320.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 320.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 320.27 Td (7.01) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 306.17 Td (Outstanding at December 31, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.10 305.27 Td (4,246,285) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 305.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 305.27 Td (3.97) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 291.17 Td (Granted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.65 290.27 Td (865,250) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 290.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.65 290.27 Td (14.84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 276.17 Td (Exercised) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.80 275.32 Td (\(1,444,485) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 275.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 275.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 275.27 Td (2.34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 261.17 Td (Forfeited or expired) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.30 260.32 Td (\(205,795) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 260.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 260.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 260.27 Td (7.05) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 246.17 Td (Outstanding at December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.10 245.27 Td (3,461,255) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 245.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 245.27 Td (7.19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 231.17 Td (Granted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.65 230.27 Td (841,371) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 230.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.65 230.27 Td (23.39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 216.17 Td (Exercised) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.30 215.32 Td (\(854,566) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 215.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 215.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 215.27 Td (5.39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 201.17 Td (Forfeited or expired) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.30 200.32 Td (\(163,388) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 200.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 200.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.65 200.27 Td (20.10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 186.17 Td (Outstanding at December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.10 185.27 Td (3,284,672) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 185.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.65 185.27 Td (11.17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.00 185.27 Td (7.20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 185.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 185.27 Td (51,501) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 171.17 Td (Ending vested and expected to vest at December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.10 170.27 Td (3,205,275) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 170.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.65 170.27 Td (11.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.00 170.27 Td (7.16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 170.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 170.27 Td (50,773) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 156.17 Td (Exercisable at December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.10 155.27 Td (1,722,874) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 155.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.65 155.27 Td (6.81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.00 155.27 Td (5.99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 155.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.65 155.27 Td (34,480) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 130.10 Td (Intrinsic ) Tj ET Q q 0 0 0 rg BT 109.20 130.10 Td (value ) Tj ET Q q 0 0 0 rg BT 133.23 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.94 130.10 Td (an ) Tj ET Q q 0 0 0 rg BT 155.76 130.10 Td (option ) Tj ET Q q 0 0 0 rg BT 183.69 130.10 Td (is ) Tj ET Q q 0 0 0 rg BT 192.74 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.33 130.10 Td (dif) Tj ET Q q 0 0 0 rg BT 218.26 130.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 250.05 130.10 Td (between ) Tj ET Q q 0 0 0 rg BT 285.74 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.34 130.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 316.59 130.10 Td (value ) Tj ET Q q 0 0 0 rg BT 340.62 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.33 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.92 130.10 Td (Company) Tj ET Q q 0 0 0 rg BT 407.59 130.10 Td (s ) Tj ET Q q 0 0 0 rg BT 413.86 130.10 Td (common ) Tj ET Q q 0 0 0 rg BT 451.23 130.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 474.71 130.10 Td (at ) Tj ET Q q 0 0 0 rg BT 484.31 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.90 130.10 Td (time ) Tj ET Q q 0 0 0 rg BT 519.05 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.76 130.10 Td (exercise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.62 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.52 118.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 116.96 118.10 Td (price ) Tj ET Q q 0 0 0 rg BT 139.63 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.09 118.10 Td (be ) Tj ET Q q 0 0 0 rg BT 162.21 118.10 Td (paid. ) Tj ET Q q 0 0 0 rg BT 184.42 118.10 Td (The ) Tj ET Q q 0 0 0 rg BT 202.65 118.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 244.19 118.10 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 279.65 118.10 Td (value ) Tj ET Q q 0 0 0 rg BT 303.99 118.10 Td (for ) Tj ET Q q 0 0 0 rg BT 318.33 118.10 Td (options ) Tj ET Q q 0 0 0 rg BT 350.46 118.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 399.81 118.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.71 118.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 468.48 118.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.48 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.16 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.62 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.52 118.10 Td (table ) Tj ET Q q 0 0 0 rg BT 538.64 118.10 Td (above ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 93.50 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.18 106.10 Td (total ) Tj ET Q q 0 0 0 rg BT 130.41 106.10 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 166.64 106.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 194.26 106.10 Td (based ) Tj ET Q q 0 0 0 rg BT 220.49 106.10 Td (on ) Tj ET Q q 0 0 0 rg BT 233.95 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.63 106.10 Td (Company) Tj ET Q q 0 0 0 rg BT 291.29 106.10 Td (s ) Tj ET Q q 0 0 0 rg BT 298.65 106.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 330.99 106.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 355.56 106.10 Td (price ) Tj ET Q q 0 0 0 rg BT 379.01 106.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.80 106.10 Td ($26.87) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.30 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 421.76 106.10 Td (as ) Tj ET Q q 0 0 0 rg BT 433.55 106.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.34 106.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 504.89 106.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.89 106.10 Td (. ) Tj ET Q q 0 0 0 rg BT 530.85 106.10 Td (Options ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.64 94.10 Td (that ) Tj ET Q q 0 0 0 rg BT 116.11 94.10 Td (are ) Tj ET Q q 0 0 0 rg BT 130.79 94.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 168.80 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.05 94.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 197.63 94.10 Td (are ) Tj ET Q q 0 0 0 rg BT 212.32 94.10 Td (net ) Tj ET Q q 0 0 0 rg BT 227.01 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.81 94.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 278.61 94.10 Td (future ) Tj ET Q q 0 0 0 rg BT 304.96 94.10 Td (option ) Tj ET Q q 0 0 0 rg BT 332.99 94.10 Td (forfeitures. ) Tj ET Q q 0 0 0 rg BT 379.61 94.10 Td (For ) Tj ET Q q 0 0 0 rg BT 395.98 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.67 94.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 447.02 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.83 94.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 481.41 94.10 Td (options ) Tj ET Q q 0 0 0 rg BT 513.33 94.10 Td (outstanding, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 82.10 Td (options ) Tj ET Q q 0 0 0 rg BT 96.17 82.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 114.77 82.10 Td (over ) Tj ET Q q 0 0 0 rg BT 135.04 82.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.98 82.10 Td (four) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.44 82.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 181.48 82.10 Td (period ) Tj ET Q q 0 0 0 rg BT 209.52 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.46 82.10 Td (have ) Tj ET Q q 0 0 0 rg BT 247.84 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.78 82.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 297.83 82.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 344.75 82.10 Td (term ) Tj ET Q q 0 0 0 rg BT 365.57 82.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.40 82.10 Td (ten) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.62 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.12 82.10 Td (years. ) Tj ET Q endstream endobj 151 0 obj <> endobj 152 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (73) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 117.12 740.10 Td (is ) Tj ET Q q 0 0 0 rg BT 126.29 740.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 168.78 740.10 Td (information ) Tj ET Q q 0 0 0 rg BT 218.49 740.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 261.53 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.81 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.53 740.10 Td (Company) Tj ET Q q 0 0 0 rg BT 328.19 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 334.58 740.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 358.19 740.10 Td (option ) Tj ET Q q 0 0 0 rg BT 386.25 740.10 Td (activity:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 688.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 688.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 688.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 688.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 688.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 688.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 658.60 346.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 658.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 658.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 658.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 658.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 658.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 716.6 m 449 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 716.6 m 453 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 716.6 m 506 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 716.6 m 510 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 716.6 m 563 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 701.6 m 449 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 701.6 m 506 701.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 716.6 m 563 716.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 701.6 m 563 701.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 720.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 435.60 720.83 Td (Year ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 706.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.00 706.27 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.00 705.83 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.00 705.83 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.20 705.83 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 692.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.55 692.83 Td (\(in thousands except for per option data\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 679.17 Td (Weighted average grant-date fair value per option granted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 678.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.65 678.27 Td (11.54) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 678.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.65 678.27 Td (7.52) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 678.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.65 678.27 Td (2.77) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 664.17 Td (Grant-date fair value of options vested) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 663.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.65 663.27 Td (3,775) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 663.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 663.27 Td (2,805) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 663.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 663.27 Td (1,518) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 649.17 Td (Intrinsic value of options exercised) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 648.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.65 648.27 Td (18,024) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 648.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 648.27 Td (22,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 648.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 648.27 Td (1,252) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 634.17 Td (Proceeds received from options exercised) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.50 633.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.65 633.27 Td (4,605) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 633.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 633.27 Td (8,713) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.50 633.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 633.27 Td (1,127) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 608.10 Td (As ) Tj ET Q q 0 0 0 rg BT 87.33 608.10 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.66 608.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.38 608.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 157.19 608.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.19 608.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.41 608.10 Td (total ) Tj ET Q q 0 0 0 rg BT 202.90 608.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 259.48 608.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 317.74 608.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 336.57 608.10 Td (related ) Tj ET Q q 0 0 0 rg BT 366.49 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.99 608.10 Td (unvested ) Tj ET Q q 0 0 0 rg BT 415.26 608.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 439.09 608.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 473.75 608.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 509.80 608.10 Td (for ) Tj ET Q q 0 0 0 rg BT 524.18 608.10 Td (estimated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (forfeitures, ) Tj ET Q q 0 0 0 rg BT 96.15 596.10 Td (was) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.70 596.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.20 596.10 Td ($1) Tj ET Q q 0 0 0 rg BT 123.83 596.10 Td (1.4 ) Tj ET Q q 0 0 0 rg BT 138.83 596.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.72 596.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.22 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.16 596.10 Td (is ) Tj ET Q q 0 0 0 rg BT 196.33 596.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 234.36 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.64 596.10 Td (be ) Tj ET Q q 0 0 0 rg BT 256.58 596.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 302.94 596.10 Td (over ) Tj ET Q q 0 0 0 rg BT 323.21 596.10 Td (a ) Tj ET Q q 0 0 0 rg BT 330.14 596.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 369.30 596.10 Td (average ) Tj ET Q q 0 0 0 rg BT 402.88 596.10 Td (period ) Tj ET Q q 0 0 0 rg BT 430.93 596.10 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.26 596.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.76 596.10 Td (2.44) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.26 596.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.76 596.10 Td (years.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.36 596.10 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 579.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 116.54 579.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 140.70 579.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 164.87 579.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.37 579.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 236.89 579.10 Td (A) Tj ET Q q 0 0 0 rg BT 242.45 579.10 Td (war) Tj ET Q q 0 0 0 rg BT 257.64 579.10 Td (ds) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 562.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.33 562.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 107.48 562.10 Td (value ) Tj ET Q q 0 0 0 rg BT 131.42 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.03 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.53 562.10 Td (Company) Tj ET Q q 0 0 0 rg BT 198.19 562.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.36 562.10 Td (RSUs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.71 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.99 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.71 562.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 299.57 562.10 Td (A) Tj ET Q q 0 0 0 rg BT 305.87 562.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 332.03 562.10 Td (is ) Tj ET Q q 0 0 0 rg BT 340.98 562.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 381.58 562.10 Td (based ) Tj ET Q q 0 0 0 rg BT 406.63 562.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 428.91 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.41 562.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 474.57 562.10 Td (price ) Tj ET Q q 0 0 0 rg BT 496.84 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.45 562.10 Td (its ) Tj ET Q q 0 0 0 rg BT 519.18 562.10 Td (underlying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (common ) Tj ET Q q 0 0 0 rg BT 86.50 550.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 109.61 550.10 Td (as ) Tj ET Q q 0 0 0 rg BT 119.94 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.27 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.49 550.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 167.03 550.10 Td (date ) Tj ET Q q 0 0 0 rg BT 185.69 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.13 550.10 Td (is ) Tj ET Q q 0 0 0 rg BT 210.80 550.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 256.66 550.10 Td (over ) Tj ET Q q 0 0 0 rg BT 276.43 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.65 550.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 321.54 550.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 344.36 550.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 368.59 550.10 Td (vesting, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.97 550.10 Td (RSUs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.32 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 427.32 550.10 Td (convert ) Tj ET Q q 0 0 0 rg BT 459.31 550.10 Td (into ) Tj ET Q q 0 0 0 rg BT 476.86 550.10 Td (an ) Tj ET Q q 0 0 0 rg BT 488.30 550.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 531.96 550.10 Td (number ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 538.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 87.82 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.65 538.10 Td (common ) Tj ET Q q 0 0 0 rg BT 136.15 538.10 Td (stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 521.10 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.02 521.10 Td (August ) Tj ET Q q 0 0 0 rg BT 113.45 521.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.45 521.10 Td (, ) Tj ET Q q 0 0 0 rg BT 137.48 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.22 521.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 191.64 521.10 Td (granted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.16 521.10 Td (147,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.66 521.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.19 521.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 309.46 521.10 Td (A) Tj ET Q q 0 0 0 rg BT 315.77 521.10 Td (wards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.65 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.18 521.10 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.95 521.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 370.48 521.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 422.76 521.10 Td (A) Tj ET Q q 0 0 0 rg BT 429.06 521.10 Td (ward) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.05 521.10 Td (s\) ) Tj ET Q q 0 0 0 rg BT 462.24 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.55 521.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 515.85 521.10 Td (participants ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.51 509.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.97 509.10 Td (201) Tj ET Q q 0 0 0 rg BT 103.60 509.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 110.84 509.10 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.62 509.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.36 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.44 509.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.22 509.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 175.47 509.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 228.30 509.10 Td (A) Tj ET Q q 0 0 0 rg BT 234.60 509.10 Td (ward) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.59 509.10 Td (s ) Tj ET Q q 0 0 0 rg BT 260.72 509.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 309.05 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.51 509.10 Td (right ) Tj ET Q q 0 0 0 rg BT 344.63 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.65 509.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 385.76 509.10 Td (between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.31 509.10 Td (zero) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.52 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 440.76 509.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.44 509.10 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.44 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.68 509.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 491.91 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.49 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.94 509.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 509.10 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (common ) Tj ET Q q 0 0 0 rg BT 87.29 497.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.20 497.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 134.00 497.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 187.33 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.46 497.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 228.46 497.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 281.78 497.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 305.69 497.10 Td (during ) Tj ET Q q 0 0 0 rg BT 334.60 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.61 497.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 402.93 497.10 Td (period ) Tj ET Q q 0 0 0 rg BT 431.28 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.41 497.10 Td (July ) Tj ET Q q 0 0 0 rg BT 461.88 497.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 472.18 497.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 494.98 497.10 Td (through ) Tj ET Q q 0 0 0 rg BT 528.89 497.10 Td (June ) Tj ET Q q 0 0 0 rg BT 550.01 497.10 Td (30, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 75.11 485.10 Td (After ) Tj ET Q q 0 0 0 rg BT 100.19 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.39 485.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.27 485.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 181.58 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 203.34 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.54 485.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 241.87 485.10 Td (its ) Tj ET Q q 0 0 0 rg BT 255.30 485.10 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 297.60 485.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 328.81 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 342.79 485.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 368.45 485.10 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 392.99 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 408.63 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.83 485.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 457.14 485.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 485.00 485.10 Td (June ) Tj ET Q q 0 0 0 rg BT 507.31 485.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 523.80 485.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 550.29 485.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.25 473.10 Td (Committee) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.68 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.66 473.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 205.61 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.80 473.10 Td (level ) Tj ET Q q 0 0 0 rg BT 243.21 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.51 473.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 308.01 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.31 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.50 473.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 388.00 473.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 412.08 473.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 430.60 473.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.04 473.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 495.77 473.10 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.64 473.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 527.88 473.10 Td (at ) Tj ET Q q 0 0 0 rg BT 538.07 473.10 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (time ) Tj ET Q q 0 0 0 rg BT 70.06 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.06 461.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 130.60 461.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 180.04 461.10 Td (earned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.47 461.10 Td (588,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.97 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.75 461.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 272.52 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.64 461.10 Td (common ) Tj ET Q q 0 0 0 rg BT 321.41 461.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 347.81 461.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 361.14 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.14 461.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 403.92 461.10 Td (shares, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.20 461.10 Td (25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.53 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.31 461.10 Td (were ) Tj ET Q q 0 0 0 rg BT 477.52 461.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 505.85 461.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 528.64 461.10 Td (issuance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.90 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.08 449.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 122.59 449.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 149.54 449.10 Td (will ) Tj ET Q q 0 0 0 rg BT 167.06 449.10 Td (vest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.13 449.10 Td (25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.46 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.42 449.10 Td (on ) Tj ET Q q 0 0 0 rg BT 217.39 449.10 Td (each ) Tj ET Q q 0 0 0 rg BT 237.66 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.96 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.14 449.10 Td (first ) Tj ET Q q 0 0 0 rg BT 280.21 449.10 Td (three ) Tj ET Q q 0 0 0 rg BT 302.16 449.10 Td (anniversaries ) Tj ET Q q 0 0 0 rg BT 356.87 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.17 449.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.35 449.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 441.07 449.10 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.94 449.10 Td (, ) Tj ET Q q 0 0 0 rg BT 464.41 449.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 494.70 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.44 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.62 449.10 Td (continuous ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 101.99 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.82 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.54 437.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 172.80 437.10 Td (through ) Tj ET Q q 0 0 0 rg BT 206.40 437.10 Td (such ) Tj ET Q q 0 0 0 rg BT 227.23 437.10 Td (dates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 420.10 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.63 420.10 Td (February ) Tj ET Q q 0 0 0 rg BT 127.52 420.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.52 420.10 Td (, ) Tj ET Q q 0 0 0 rg BT 154.82 420.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.83 420.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 215.51 420.10 Td (granted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.30 420.10 Td (1) Tj ET Q q 0 0 0 rg BT 254.92 420.10 Td (13,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.42 420.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.22 420.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 342.04 420.10 Td (A) Tj ET Q q 0 0 0 rg BT 348.35 420.10 Td (wards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.23 420.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.02 420.10 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.79 420.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 409.59 420.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 464.41 420.10 Td (A) Tj ET Q q 0 0 0 rg BT 470.72 420.10 Td (ward) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.71 420.10 Td (s\) ) Tj ET Q q 0 0 0 rg BT 507.16 420.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.74 420.10 Td (designated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 408.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 98.51 408.10 Td (under ) Tj ET Q q 0 0 0 rg BT 123.64 408.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.22 408.10 Td (201) Tj ET Q q 0 0 0 rg BT 152.85 408.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 160.21 408.10 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.99 408.10 Td (. ) Tj ET Q q 0 0 0 rg BT 182.85 408.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.04 408.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.95 408.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 225.31 408.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 278.23 408.10 Td (A) Tj ET Q q 0 0 0 rg BT 284.53 408.10 Td (ward) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.52 408.10 Td (s ) Tj ET Q q 0 0 0 rg BT 310.78 408.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 349.78 408.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.36 408.10 Td (right ) Tj ET Q q 0 0 0 rg BT 385.61 408.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.75 408.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 426.97 408.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 454.32 408.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.01 408.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.59 408.10 Td (Company) Tj ET Q q 0 0 0 rg BT 521.25 408.10 Td (s ) Tj ET Q q 0 0 0 rg BT 527.51 408.10 Td (common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 396.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.46 396.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 96.32 396.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 149.70 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.89 396.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 190.95 396.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 244.32 396.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 268.29 396.10 Td (during ) Tj ET Q q 0 0 0 rg BT 297.25 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.32 396.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 365.70 396.10 Td (period ) Tj ET Q q 0 0 0 rg BT 394.10 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.29 396.10 Td (January1, ) Tj ET Q q 0 0 0 rg BT 449.24 396.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 472.10 396.10 Td (through ) Tj ET Q q 0 0 0 rg BT 506.06 396.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.00 396.10 Td (31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 384.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 75.08 384.10 Td (After ) Tj ET Q q 0 0 0 rg BT 100.12 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.29 384.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.12 384.10 Td (files ) Tj ET Q q 0 0 0 rg BT 180.29 384.10 Td (with ) Tj ET Q q 0 0 0 rg BT 202.01 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.18 384.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 240.46 384.10 Td (its ) Tj ET Q q 0 0 0 rg BT 252.99 384.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 286.38 384.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 317.54 384.10 Td (on ) Tj ET Q q 0 0 0 rg BT 331.49 384.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 357.11 384.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 381.61 384.10 Td (for ) Tj ET Q q 0 0 0 rg BT 397.21 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.38 384.10 Td (year ) Tj ET Q q 0 0 0 rg BT 434.53 384.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 462.36 384.10 Td (December ) Tj ET Q q 0 0 0 rg BT 507.39 384.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 523.84 384.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 550.28 384.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 372.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.56 372.10 Td (Committee) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.00 372.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.28 372.10 Td (will ) Tj ET Q q 0 0 0 rg BT 177.12 372.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 220.38 372.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.88 372.10 Td (level ) Tj ET Q q 0 0 0 rg BT 258.60 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.22 372.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 324.03 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.64 372.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.14 372.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 404.95 372.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 429.34 372.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 448.17 372.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.61 372.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 475.17 372.10 Td (A) Tj ET Q q 0 0 0 rg BT 481.47 372.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 504.74 372.10 Td (Determination ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 360.10 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.38 360.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 80.17 360.10 Td (at ) Tj ET Q q 0 0 0 rg BT 88.91 360.10 Td (which ) Tj ET Q q 0 0 0 rg BT 114.87 360.10 Td (time ) Tj ET Q q 0 0 0 rg BT 134.16 360.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.90 360.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 192.19 360.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 240.36 360.10 Td (may ) Tj ET Q q 0 0 0 rg BT 259.10 360.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 277.83 360.10 Td (between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.67 360.10 Td (zero) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.88 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.40 360.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.36 360.10 Td (2.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.86 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 361.38 360.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 387.89 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.75 360.10 Td (common ) Tj ET Q q 0 0 0 rg BT 434.26 360.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 456.90 360.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.08 360.10 Td (each ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.92 360.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 511.44 360.10 Td (Performance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 348.10 Td (A) Tj ET Q q 0 0 0 rg BT 55.80 348.10 Td (ward) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.79 348.10 Td (. ) Tj ET Q q 0 0 0 rg BT 80.89 348.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.48 348.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 112.73 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.66 348.10 Td (common ) Tj ET Q q 0 0 0 rg BT 161.24 348.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 184.94 348.10 Td (earned, ) Tj ET Q q 0 0 0 rg BT 216.68 348.10 Td (if ) Tj ET Q q 0 0 0 rg BT 225.38 348.10 Td (any) Tj ET Q q 0 0 0 rg BT 239.17 348.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.27 348.10 Td (will ) Tj ET Q q 0 0 0 rg BT 262.42 348.10 Td (be ) Tj ET Q q 0 0 0 rg BT 274.45 348.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 302.04 348.10 Td (after ) Tj ET Q q 0 0 0 rg BT 322.95 348.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.76 348.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 359.78 348.10 Td (A) Tj ET Q q 0 0 0 rg BT 366.08 348.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 388.66 348.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 449.02 348.10 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.89 348.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.49 348.10 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.86 348.10 Td (25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.19 348.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.78 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.70 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.51 348.10 Td (shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 336.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.05 336.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 76.92 336.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 98.69 336.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 134.34 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.55 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.53 336.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 206.84 336.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 233.60 336.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.15 336.10 Td (vest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.03 336.10 Td (25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.36 336.10 Td ( ) Tj ET Q q 0 0 0 rg BT 281.13 336.10 Td (on ) Tj ET Q q 0 0 0 rg BT 292.90 336.10 Td (each ) Tj ET Q q 0 0 0 rg BT 312.98 336.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.08 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.07 336.10 Td (first ) Tj ET Q q 0 0 0 rg BT 354.94 336.10 Td (three ) Tj ET Q q 0 0 0 rg BT 376.70 336.10 Td (anniversaries ) Tj ET Q q 0 0 0 rg BT 431.22 336.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.32 336.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.31 336.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 476.68 336.10 Td (A) Tj ET Q q 0 0 0 rg BT 482.99 336.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 504.75 336.10 Td (Determination ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 324.10 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.38 324.10 Td (, ) Tj ET Q q 0 0 0 rg BT 73.25 324.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 103.95 324.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.10 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.69 324.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 174.94 324.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 227.31 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.01 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.60 324.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 297.73 324.10 Td (through ) Tj ET Q q 0 0 0 rg BT 331.21 324.10 Td (such ) Tj ET Q q 0 0 0 rg BT 351.91 324.10 Td (dates. ) Tj ET Q q 0 0 0 rg BT 376.81 324.10 Td (As ) Tj ET Q q 0 0 0 rg BT 390.29 324.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.99 324.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 459.45 324.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.45 324.10 Td (, ) Tj ET Q q 0 0 0 rg BT 484.32 324.10 Td (we ) Tj ET Q q 0 0 0 rg BT 498.35 324.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 526.82 324.10 Td (that ) Tj ET Q q 0 0 0 rg BT 544.19 324.10 Td (each ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 312.10 Td (award ) Tj ET Q q 0 0 0 rg BT 77.99 312.10 Td (will ) Tj ET Q q 0 0 0 rg BT 97.62 312.10 Td (convert ) Tj ET Q q 0 0 0 rg BT 131.67 312.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.51 312.10 Td (1.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.01 312.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.07 312.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 189.13 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.52 312.10 Td (common ) Tj ET Q q 0 0 0 rg BT 240.58 312.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 265.76 312.10 Td (on ) Tj ET Q q 0 0 0 rg BT 279.82 312.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.10 312.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 319.27 312.10 Td (A) Tj ET Q q 0 0 0 rg BT 325.58 312.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 349.63 312.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 411.45 312.10 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.33 312.10 Td (. ) Tj ET Q q 0 0 0 rg BT 436.00 312.10 Td (As ) Tj ET Q q 0 0 0 rg BT 451.18 312.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.57 312.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 523.72 312.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.72 312.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.29 312.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 300.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 109.77 300.10 Td (Committee) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.21 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.71 300.10 Td (has ) Tj ET Q q 0 0 0 rg BT 172.54 300.10 Td (not ) Tj ET Q q 0 0 0 rg BT 187.82 300.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 235.30 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.02 300.10 Td (level ) Tj ET Q q 0 0 0 rg BT 271.95 300.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.78 300.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 335.81 300.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.64 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.36 300.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 414.38 300.10 Td (goals. ) Tj ET Q q 0 0 0 rg BT 440.49 300.10 Td (No ) Tj ET Q q 0 0 0 rg BT 455.21 300.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 499.35 300.10 Td (are ) Tj ET Q q 0 0 0 rg BT 514.06 300.10 Td (expected.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 283.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 283.10 Td (following ) Tj ET Q q 0 0 0 rg BT 132.93 283.10 Td (table ) Tj ET Q q 0 0 0 rg BT 154.87 283.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 205.13 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.85 283.10 Td (Company) Tj ET Q q 0 0 0 rg BT 261.51 283.10 Td (s ) Tj ET Q q 0 0 0 rg BT 267.90 283.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 289.86 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.80 283.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 359.83 283.10 Td (A) Tj ET Q q 0 0 0 rg BT 366.13 283.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 388.62 283.10 Td (activity:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 214.60 314.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 214.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 214.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 214.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 214.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 184.60 314.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 184.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 184.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 184.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 184.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 184.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 184.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 184.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 154.60 314.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 154.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 154.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 154.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 154.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 154.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 154.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 154.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 124.60 314.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 124.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 124.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 124.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 124.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 124.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 124.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 124.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 94.60 314.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 94.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 94.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 94.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 94.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 94.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 94.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 94.60 47.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 259.6 m 411 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 259.6 m 462 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 259.6 m 512 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 259.6 m 516 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 259.6 m 563 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 214.60000000000002 m 411 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 259.6 m 462 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 214.60000000000002 m 462 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 214.60000000000002 m 512 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 214.60000000000002 m 516 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 214.60000000000002 m 563 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 154.60000000000002 m 411 154.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 154.60000000000002 m 462 154.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 154.60000000000002 m 512 154.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 154.60000000000002 m 563 154.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 94.60000000000002 m 411 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 80.60000000000002 m 411 80.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 78.60000000000002 m 411 78.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 94.60000000000002 m 512 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 80.60000000000002 m 512 80.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 78.60000000000002 m 512 78.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 65.60000000000002 m 411 65.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 63.60000000000002 m 411 63.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 65.60000000000002 m 512 65.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 63.60000000000002 m 512 63.60000000000002 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.90 263.83 Td (RSUs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 477.95 263.83 Td (Performance Awards) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.50 226.83 Td (Number) Tj ET Q q 0 0 0 rg BT 396.80 226.83 Td (of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.50 218.83 Td (Shar) Tj ET Q q 0 0 0 rg BT 391.80 218.83 Td (es) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.75 250.83 Td (W) Tj ET Q q 0 0 0 rg BT 429.31 250.83 Td (eighted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 424.05 242.83 Td (A) Tj ET Q q 0 0 0 rg BT 429.23 242.83 Td (verage) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 418.55 234.83 Td (GrantDate) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 420.15 226.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 434.67 226.83 Td ( ) Tj ET Q q 0 0 0 rg BT 436.52 226.83 Td (V) Tj ET Q q 0 0 0 rg BT 441.56 226.83 Td (alue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.15 218.83 Td (Per) Tj ET Q q 0 0 0 rg BT 432.99 218.83 Td ( Shar) Tj ET Q q 0 0 0 rg BT 451.30 218.83 Td (e) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.00 226.83 Td (Number) Tj ET Q q 0 0 0 rg BT 498.30 226.83 Td (of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 477.00 218.83 Td (Shar) Tj ET Q q 0 0 0 rg BT 493.30 218.83 Td (es) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.75 250.83 Td (W) Tj ET Q q 0 0 0 rg BT 530.31 250.83 Td (eighted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.05 242.83 Td (A) Tj ET Q q 0 0 0 rg BT 530.23 242.83 Td (verage) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 519.55 234.83 Td (GrantDate) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.15 226.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 535.67 226.83 Td ( ) Tj ET Q q 0 0 0 rg BT 537.52 226.83 Td (V) Tj ET Q q 0 0 0 rg BT 542.56 226.83 Td (alue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.15 218.83 Td (Per) Tj ET Q q 0 0 0 rg BT 533.99 218.83 Td ( Shar) Tj ET Q q 0 0 0 rg BT 552.30 218.83 Td (e) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 205.17 Td (Outstanding at December 31, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.15 204.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 204.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.15 204.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 204.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 190.17 Td (Granted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.60 189.27 Td (50,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.65 189.27 Td (8.90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.60 189.27 Td (588,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 189.27 Td (25.79) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 175.17 Td (Released) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.30 174.32 Td (\(9,375) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 174.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.65 174.27 Td (8.90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.15 174.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 174.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 160.17 Td (Forfeited or expired) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.15 159.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 159.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.15 159.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 159.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 145.17 Td (Outstanding at December 31, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.60 144.27 Td (40,625) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.65 144.27 Td (8.90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.60 144.27 Td (588,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 144.27 Td (25.79) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 130.17 Td (Granted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.60 129.27 Td (301,767) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 129.27 Td (24.78) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.60 129.27 Td (124,300) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 129.27 Td (19.60) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 115.17 Td (Released) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.30 114.32 Td (\(20,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 114.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 114.27 Td (14.71) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.30 114.32 Td (\(147,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.15 114.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 114.27 Td (25.79) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 100.17 Td (Forfeited or expired) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.30 99.32 Td (\(65,014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 99.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 99.27 Td (24.62) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.15 99.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.15 99.27 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 85.17 Td (Outstanding at December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.60 84.27 Td (257,378) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.50 84.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 84.27 Td (23.10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.60 84.27 Td (565,300) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 84.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 84.27 Td (24.43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 70.17 Td (Ending vested and expected to vest at December 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.60 69.27 Td (236,637) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.60 69.27 Td (565,300) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 153 0 obj <> endobj 154 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (74) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 740.10 Td (RSU) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 92.95 740.10 Td (s and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.28 740.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 169.32 740.10 Td (A) Tj ET Q q 0 0 0 rg BT 175.62 740.10 Td (wards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.50 740.10 Td ( that are expected to vest are net of estimated future forfeitures. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.22 740.10 Td (RSU) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.67 740.10 Td (s released during the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (year ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.67 728.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.17 728.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.17 728.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.61 728.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.61 728.10 Td ( had an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.98 728.10 Td (aggregate intrinsic value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.27 728.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.60 728.10 Td ($0.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.50 728.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.93 728.10 Td ($0.2 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.83 728.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 526.49 728.10 Td (, and an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (aggregate grant-date fair value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.93 716.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.26 716.10 Td ($0.3 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.15 716.10 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.59 716.10 Td ($83,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.09 716.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 338.75 716.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.75 716.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 396.78 716.10 Td (A) Tj ET Q q 0 0 0 rg BT 403.08 716.10 Td (wards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.97 716.10 Td ( released during the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.04 716.10 Td (year ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.58 704.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.08 704.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.08 704.10 Td ( had an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.46 704.10 Td (aggregate intrinsic value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.75 704.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.08 704.10 Td ($4.5 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.97 704.10 Td ( and an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.35 704.10 Td (aggregate grant-date fair value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.78 704.10 Td ( of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.11 704.10 Td ($3.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.00 704.10 Td (. ) Tj ET Q q 0 0 0 rg BT 540.82 704.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (number of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.38 692.10 Td (RSU) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.83 692.10 Td (s released includes shares that we withheld on behalf of employees to satisfy the minimum statutory tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (withholding requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 659.10 Td (As ) Tj ET Q q 0 0 0 rg BT 87.66 659.10 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.99 659.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.04 659.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 158.18 659.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.18 659.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.72 659.10 Td (total ) Tj ET Q q 0 0 0 rg BT 204.55 659.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 261.46 659.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 320.05 659.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 355.31 659.10 Td (related ) Tj ET Q q 0 0 0 rg BT 385.56 659.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.39 659.10 Td (unvested) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.93 659.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.98 659.10 Td (RSUs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.33 659.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.38 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.86 659.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 532.32 659.10 Td (A) Tj ET Q q 0 0 0 rg BT 538.63 659.10 Td (wards ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 647.10 Td (was) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.05 647.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.55 647.10 Td ($12.8 ) Tj ET Q q 0 0 0 rg BT 92.55 647.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.44 647.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.94 647.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.88 647.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.05 647.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 188.08 647.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.36 647.10 Td (be ) Tj ET Q q 0 0 0 rg BT 210.30 647.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 256.66 647.10 Td (over ) Tj ET Q q 0 0 0 rg BT 276.93 647.10 Td (a ) Tj ET Q q 0 0 0 rg BT 283.87 647.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 323.03 647.10 Td (average ) Tj ET Q q 0 0 0 rg BT 356.61 647.10 Td (period ) Tj ET Q q 0 0 0 rg BT 384.66 647.10 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.99 647.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.49 647.10 Td (2.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.99 647.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.49 647.10 Td (years.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.08 647.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 626.10 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.17 626.10 Td (February ) Tj ET Q q 0 0 0 rg BT 120.62 626.10 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.62 626.10 Td (, ) Tj ET Q q 0 0 0 rg BT 144.46 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.02 626.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 198.25 626.10 Td (granted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.58 626.10 Td (62,500) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.08 626.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.43 626.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 310.56 626.10 Td (A) Tj ET Q q 0 0 0 rg BT 316.86 626.10 Td (wards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.74 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.09 626.10 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.86 626.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 371.20 626.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 423.33 626.10 Td (A) Tj ET Q q 0 0 0 rg BT 429.64 626.10 Td (ward) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.63 626.10 Td (s\) ) Tj ET Q q 0 0 0 rg BT 462.63 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.75 626.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 515.86 626.10 Td (participants ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.79 614.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.53 614.10 Td (201) Tj ET Q q 0 0 0 rg BT 104.16 614.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 111.68 614.10 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.46 614.10 Td (. ) Tj ET Q q 0 0 0 rg BT 134.48 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.82 614.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.89 614.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 177.41 614.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 230.46 614.10 Td (A) Tj ET Q q 0 0 0 rg BT 236.76 614.10 Td (ward) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.75 614.10 Td (s ) Tj ET Q q 0 0 0 rg BT 263.17 614.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 302.34 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.07 614.10 Td (right ) Tj ET Q q 0 0 0 rg BT 338.48 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.78 614.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 380.17 614.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 407.68 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.53 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.27 614.10 Td (Company) Tj ET Q q 0 0 0 rg BT 474.94 614.10 Td (s ) Tj ET Q q 0 0 0 rg BT 481.35 614.10 Td (common ) Tj ET Q q 0 0 0 rg BT 518.87 614.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 542.50 614.10 Td (upon ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 102.77 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.83 602.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 143.77 602.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 197.04 602.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 220.88 602.10 Td (during ) Tj ET Q q 0 0 0 rg BT 249.73 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.68 602.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 317.94 602.10 Td (period ) Tj ET Q q 0 0 0 rg BT 346.23 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.30 602.10 Td (January1, ) Tj ET Q q 0 0 0 rg BT 401.13 602.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 423.87 602.10 Td (through ) Tj ET Q q 0 0 0 rg BT 457.72 602.10 Td (December ) Tj ET Q q 0 0 0 rg BT 501.54 602.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 516.78 602.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 541.41 602.10 Td (After ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.93 590.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.04 590.10 Td (files ) Tj ET Q q 0 0 0 rg BT 127.47 590.10 Td (with ) Tj ET Q q 0 0 0 rg BT 148.47 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.90 590.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 185.46 590.10 Td (its ) Tj ET Q q 0 0 0 rg BT 197.42 590.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 230.07 590.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 260.51 590.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.73 590.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 298.61 590.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 322.38 590.10 Td (for ) Tj ET Q q 0 0 0 rg BT 337.26 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.70 590.10 Td (year ) Tj ET Q q 0 0 0 rg BT 373.12 590.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 403.56 590.10 Td (December ) Tj ET Q q 0 0 0 rg BT 447.86 590.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 463.58 590.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 489.29 590.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.73 590.10 Td (Compensation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (Committee) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.94 578.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.65 578.10 Td (will ) Tj ET Q q 0 0 0 rg BT 114.92 578.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 157.61 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.54 578.10 Td (level ) Tj ET Q q 0 0 0 rg BT 194.69 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.73 578.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 258.97 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.01 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.94 578.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 338.18 578.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 362.00 578.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 380.26 578.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.70 578.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 406.81 578.10 Td (A) Tj ET Q q 0 0 0 rg BT 413.11 578.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 435.82 578.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 496.29 578.10 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.16 578.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 528.14 578.10 Td (at ) Tj ET Q q 0 0 0 rg BT 538.07 578.10 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (time ) Tj ET Q q 0 0 0 rg BT 69.18 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.30 566.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 127.97 566.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 176.53 566.10 Td (may ) Tj ET Q q 0 0 0 rg BT 195.65 566.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 214.76 566.10 Td (between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.98 566.10 Td (zero) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.19 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 269.10 566.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.44 566.10 Td (2.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.94 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.85 566.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 326.74 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.98 566.10 Td (common ) Tj ET Q q 0 0 0 rg BT 373.88 566.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 396.89 566.10 Td (for ) Tj ET Q q 0 0 0 rg BT 410.46 566.10 Td (each ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.68 566.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 452.59 566.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 505.16 566.10 Td (A) Tj ET Q q 0 0 0 rg BT 511.46 566.10 Td (ward) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.45 566.10 Td (. ) Tj ET Q q 0 0 0 rg BT 535.85 566.10 Td (Shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.95 554.10 Td (common ) Tj ET Q q 0 0 0 rg BT 99.07 554.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 123.31 554.10 Td (earned, ) Tj ET Q q 0 0 0 rg BT 155.58 554.10 Td (if ) Tj ET Q q 0 0 0 rg BT 164.81 554.10 Td (any) Tj ET Q q 0 0 0 rg BT 178.60 554.10 Td (, ) Tj ET Q q 0 0 0 rg BT 184.22 554.10 Td (will ) Tj ET Q q 0 0 0 rg BT 202.90 554.10 Td (be ) Tj ET Q q 0 0 0 rg BT 215.46 554.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 243.59 554.10 Td (after ) Tj ET Q q 0 0 0 rg BT 265.03 554.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.37 554.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 302.80 554.10 Td (A) Tj ET Q q 0 0 0 rg BT 309.11 554.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 332.22 554.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 393.10 554.10 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.98 554.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.10 554.10 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.01 554.10 Td (25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.34 554.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.46 554.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.92 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.26 554.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 512.37 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.27 554.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 542.50 554.10 Td (upon ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 86.46 542.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.99 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.29 542.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 162.92 542.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 190.99 542.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.86 542.10 Td (vest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.05 542.10 Td (25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.38 542.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.47 542.10 Td (on ) Tj ET Q q 0 0 0 rg BT 255.55 542.10 Td (each ) Tj ET Q q 0 0 0 rg BT 276.96 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.37 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.67 542.10 Td (first ) Tj ET Q q 0 0 0 rg BT 322.87 542.10 Td (three ) Tj ET Q q 0 0 0 rg BT 345.94 542.10 Td (anniversaries ) Tj ET Q q 0 0 0 rg BT 401.78 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.20 542.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.50 542.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 450.90 542.10 Td (A) Tj ET Q q 0 0 0 rg BT 457.21 542.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 480.28 542.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 541.13 542.10 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.01 542.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.33 530.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.60 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.32 530.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 151.71 530.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 204.20 530.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.03 530.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.74 530.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 275.00 530.10 Td (through ) Tj ET Q q 0 0 0 rg BT 308.61 530.10 Td (such ) Tj ET Q q 0 0 0 rg BT 329.44 530.10 Td (dates.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 73.50 513.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 97.66 513.10 Td (Options ) Tj ET Q q 0 0 0 rg BT 131.83 513.10 Td (Issued ) Tj ET Q q 0 0 0 rg BT 159.88 513.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.16 513.10 Td (Non-employees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 492.10 Td (During ) Tj ET Q q 0 0 0 rg BT 104.69 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.77 492.10 Td (year ) Tj ET Q q 0 0 0 rg BT 139.84 492.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 166.58 492.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 225.53 492.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 248.39 492.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.69 492.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 291.06 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.14 492.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 347.88 492.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 380.73 492.10 Td (options ) Tj ET Q q 0 0 0 rg BT 413.04 492.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.69 492.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 462.08 492.10 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.71 492.10 Td (6,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.21 492.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.07 492.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 480.10 Td (28,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 480.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.83 480.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 107.64 480.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.80 480.10 Td (common ) Tj ET Q q 0 0 0 rg BT 156.62 480.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 180.56 480.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.17 480.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 234.54 480.10 Td (consultants ) Tj ET Q q 0 0 0 rg BT 282.37 480.10 Td (at ) Tj ET Q q 0 0 0 rg BT 292.41 480.10 Td (an ) Tj ET Q q 0 0 0 rg BT 304.68 480.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 340.26 480.10 Td (price ) Tj ET Q q 0 0 0 rg BT 363.07 480.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.23 480.10 Td ($28.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.73 480.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.55 480.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.82 480.10 Td ($15.57) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.32 480.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.15 480.10 Td (per ) Tj ET Q q 0 0 0 rg BT 467.74 480.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 494.17 480.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 541.83 480.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.95 480.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 468.10 Td (options ) Tj ET Q q 0 0 0 rg BT 81.32 468.10 Td (were ) Tj ET Q q 0 0 0 rg BT 103.12 468.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 135.47 468.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.62 468.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 185.75 468.10 Td (for ) Tj ET Q q 0 0 0 rg BT 199.78 468.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 243.81 468.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 280.72 468.10 Td (The ) Tj ET Q q 0 0 0 rg BT 298.64 468.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 325.45 468.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 343.93 468.10 Td (over ) Tj ET Q q 0 0 0 rg BT 364.06 468.10 Td (a ) Tj ET Q q 0 0 0 rg BT 370.87 468.10 Td (period ) Tj ET Q q 0 0 0 rg BT 398.79 468.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.49 468.10 Td (two ) Tj ET Q q 0 0 0 rg BT 426.86 468.10 Td (years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.96 468.10 Td (. ) Tj ET Q q 0 0 0 rg BT 452.66 468.10 Td (These ) Tj ET Q q 0 0 0 rg BT 478.91 468.10 Td (options ) Tj ET Q q 0 0 0 rg BT 510.73 468.10 Td (were ) Tj ET Q q 0 0 0 rg BT 532.53 468.10 Td (granted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.85 456.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.65 456.10 Td (201) Tj ET Q q 0 0 0 rg BT 104.28 456.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 111.86 456.10 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.63 456.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.21 456.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.23 456.10 Td (are ) Tj ET Q q 0 0 0 rg BT 164.02 456.10 Td (included ) Tj ET Q q 0 0 0 rg BT 201.04 456.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.39 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.19 456.10 Td (option ) Tj ET Q q 0 0 0 rg BT 254.33 456.10 Td (table ) Tj ET Q q 0 0 0 rg BT 276.34 456.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 305.11 456.10 Td (The ) Tj ET Q q 0 0 0 rg BT 323.24 456.10 Td (options ) Tj ET Q q 0 0 0 rg BT 355.27 456.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 382.85 456.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.21 456.10 Td (consultants ) Tj ET Q q 0 0 0 rg BT 440.79 456.10 Td (are ) Tj ET Q q 0 0 0 rg BT 455.57 456.10 Td (remeasured ) Tj ET Q q 0 0 0 rg BT 504.24 456.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.60 456.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 531.05 456.10 Td (value ) Tj ET Q q 0 0 0 rg BT 555.29 456.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.72 444.10 Td (end ) Tj ET Q q 0 0 0 rg BT 80.15 444.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.48 444.10 Td (each ) Tj ET Q q 0 0 0 rg BT 110.79 444.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 156.67 444.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 186.57 444.10 Td (The ) Tj ET Q q 0 0 0 rg BT 204.11 444.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 245.00 444.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 281.97 444.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 316.18 444.10 Td (related ) Tj ET Q q 0 0 0 rg BT 345.38 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.15 444.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.37 444.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 405.25 444.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.57 444.10 Td (options ) Tj ET Q q 0 0 0 rg BT 447.02 444.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.80 444.10 Td (consultants ) Tj ET Q q 0 0 0 rg BT 503.79 444.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.12 444.10 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 533.62 444.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.51 444.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 432.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 432.10 Td (each ) Tj ET Q q 0 0 0 rg BT 80.59 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.42 432.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.14 432.10 Td (years ) Tj ET Q q 0 0 0 rg BT 129.74 432.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.12 432.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 214.70 432.10 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.70 432.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.20 432.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.14 432.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.14 432.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 406.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 104.54 406.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 129.82 406.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 171.21 406.10 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 389.70 Td (On ) Tj ET Q q 0 0 0 rg BT 88.72 389.70 Td (March7, ) Tj ET Q q 0 0 0 rg BT 128.81 389.70 Td (201) Tj ET Q q 0 0 0 rg BT 143.44 389.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 154.93 389.70 Td (the ) Tj ET Q q 0 0 0 rg BT 171.14 389.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 214.02 389.70 Td (adopted ) Tj ET Q q 0 0 0 rg BT 249.67 389.70 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.10 389.70 Td (ESPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.79 389.70 Td (, ) Tj ET Q q 0 0 0 rg BT 291.28 389.70 Td (which ) Tj ET Q q 0 0 0 rg BT 319.71 389.70 Td (became ) Tj ET Q q 0 0 0 rg BT 354.24 389.70 Td (ef) Tj ET Q q 0 0 0 rg BT 361.83 389.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 393.02 389.70 Td (on ) Tj ET Q q 0 0 0 rg BT 407.02 389.70 Td (the ) Tj ET Q q 0 0 0 rg BT 423.23 389.70 Td (date ) Tj ET Q q 0 0 0 rg BT 443.88 389.70 Td (of ) Tj ET Q q 0 0 0 rg BT 456.20 389.70 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 497.40 389.70 Td (The ) Tj ET Q q 0 0 0 rg BT 516.94 389.70 Td (Company) Tj ET Q q 0 0 0 rg BT 558.60 389.70 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 377.70 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 103.02 377.70 Td (approved ) Tj ET Q q 0 0 0 rg BT 143.20 377.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.38 377.70 Td (ESPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.81 377.70 Td ( ) Tj ET Q q 0 0 0 rg BT 183.78 377.70 Td (on ) Tj ET Q q 0 0 0 rg BT 196.75 377.70 Td (March24, ) Tj ET Q q 0 0 0 rg BT 240.82 377.70 Td (201) Tj ET Q q 0 0 0 rg BT 255.45 377.70 Td (1. ) Tj ET Q q 0 0 0 rg BT 265.92 377.70 Td (Employee ) Tj ET Q q 0 0 0 rg BT 309.43 377.70 Td (participation ) Tj ET Q q 0 0 0 rg BT 362.94 377.70 Td (in ) Tj ET Q q 0 0 0 rg BT 373.69 377.70 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.88 377.70 Td (ESPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.30 377.70 Td ( ) Tj ET Q q 0 0 0 rg BT 414.27 377.70 Td (began ) Tj ET Q q 0 0 0 rg BT 441.12 377.70 Td (in ) Tj ET Q q 0 0 0 rg BT 451.87 377.70 Td (the ) Tj ET Q q 0 0 0 rg BT 467.06 377.70 Td (second ) Tj ET Q q 0 0 0 rg BT 497.80 377.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 529.08 377.70 Td (of ) Tj ET Q q 0 0 0 rg BT 540.38 377.70 Td (201) Tj ET Q q 0 0 0 rg BT 555.01 377.70 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 365.70 Td (Qualified ) Tj ET Q q 0 0 0 rg BT 89.20 365.70 Td (employees ) Tj ET Q q 0 0 0 rg BT 133.90 365.70 Td (are ) Tj ET Q q 0 0 0 rg BT 148.04 365.70 Td (permitted ) Tj ET Q q 0 0 0 rg BT 188.30 365.70 Td (to ) Tj ET Q q 0 0 0 rg BT 198.01 365.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 235.49 365.70 Td (the ) Tj ET Q q 0 0 0 rg BT 249.64 365.70 Td (Company) Tj ET Q q 0 0 0 rg BT 291.30 365.70 Td (s ) Tj ET Q q 0 0 0 rg BT 297.13 365.70 Td (common ) Tj ET Q q 0 0 0 rg BT 334.06 365.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 357.11 365.70 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.26 365.70 Td (85%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.59 365.70 Td ( ) Tj ET Q q 0 0 0 rg BT 386.53 365.70 Td (of ) Tj ET Q q 0 0 0 rg BT 396.79 365.70 Td (the ) Tj ET Q q 0 0 0 rg BT 410.95 365.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 426.76 365.70 Td (market ) Tj ET Q q 0 0 0 rg BT 456.46 365.70 Td (value ) Tj ET Q q 0 0 0 rg BT 480.05 365.70 Td (of ) Tj ET Q q 0 0 0 rg BT 490.32 365.70 Td (the ) Tj ET Q q 0 0 0 rg BT 504.47 365.70 Td (common ) Tj ET Q q 0 0 0 rg BT 541.40 365.70 Td (stock ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 353.70 Td (as ) Tj ET Q q 0 0 0 rg BT 60.08 353.70 Td (of ) Tj ET Q q 0 0 0 rg BT 70.66 353.70 Td (the ) Tj ET Q q 0 0 0 rg BT 85.12 353.70 Td (commencement ) Tj ET Q q 0 0 0 rg BT 150.67 353.70 Td (date ) Tj ET Q q 0 0 0 rg BT 169.58 353.70 Td (of ) Tj ET Q q 0 0 0 rg BT 180.15 353.70 Td (the ) Tj ET Q q 0 0 0 rg BT 194.62 353.70 Td (of) Tj ET Q q 0 0 0 rg BT 202.77 353.70 Td (fering ) Tj ET Q q 0 0 0 rg BT 228.89 353.70 Td (period ) Tj ET Q q 0 0 0 rg BT 256.69 353.70 Td (or ) Tj ET Q q 0 0 0 rg BT 267.26 353.70 Td (as ) Tj ET Q q 0 0 0 rg BT 277.84 353.70 Td (of ) Tj ET Q q 0 0 0 rg BT 288.42 353.70 Td (the ) Tj ET Q q 0 0 0 rg BT 302.88 353.70 Td (specified ) Tj ET Q q 0 0 0 rg BT 341.22 353.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 379.01 353.70 Td (date, ) Tj ET Q q 0 0 0 rg BT 400.41 353.70 Td (whichever ) Tj ET Q q 0 0 0 rg BT 444.31 353.70 Td (is ) Tj ET Q q 0 0 0 rg BT 453.22 353.70 Td (lower) Tj ET Q q 0 0 0 rg BT 475.44 353.70 Td (. ) Tj ET Q q 0 0 0 rg BT 480.02 353.70 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.82 353.70 Td (ESPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.24 353.70 Td ( ) Tj ET Q q 0 0 0 rg BT 522.49 353.70 Td (is ) Tj ET Q q 0 0 0 rg BT 531.41 353.70 Td (deemed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 341.70 Td (compensatory ) Tj ET Q q 0 0 0 rg BT 108.09 341.70 Td (and ) Tj ET Q q 0 0 0 rg BT 125.03 341.70 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 174.74 341.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 232.78 341.70 Td (is ) Tj ET Q q 0 0 0 rg BT 241.95 341.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 288.31 341.70 Td (in ) Tj ET Q q 0 0 0 rg BT 298.59 341.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 346.05 341.70 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.78 341.70 Td (ASC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.23 341.70 Td ( ) Tj ET Q q 0 0 0 rg BT 387.73 341.70 Td (718) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 402.73 341.70 Td (, ) Tj ET Q q 0 0 0 rg BT 407.73 341.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 431.89 341.70 Td (Compensation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 325.30 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.79 325.30 Td (ESPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 113.21 325.30 Td ( ) Tj ET Q q 0 0 0 rg BT 115.95 325.30 Td (is ) Tj ET Q q 0 0 0 rg BT 125.35 325.30 Td (designed ) Tj ET Q q 0 0 0 rg BT 163.64 325.30 Td (to ) Tj ET Q q 0 0 0 rg BT 174.16 325.30 Td (allow ) Tj ET Q q 0 0 0 rg BT 199.11 325.30 Td (eligible ) Tj ET Q q 0 0 0 rg BT 231.84 325.30 Td (employees ) Tj ET Q q 0 0 0 rg BT 277.34 325.30 Td (and ) Tj ET Q q 0 0 0 rg BT 294.52 325.30 Td (the ) Tj ET Q q 0 0 0 rg BT 309.47 325.30 Td (eligible ) Tj ET Q q 0 0 0 rg BT 342.20 325.30 Td (employees ) Tj ET Q q 0 0 0 rg BT 387.70 325.30 Td (of ) Tj ET Q q 0 0 0 rg BT 398.77 325.30 Td (the ) Tj ET Q q 0 0 0 rg BT 413.73 325.30 Td (Company) Tj ET Q q 0 0 0 rg BT 455.39 325.30 Td (s ) Tj ET Q q 0 0 0 rg BT 462.02 325.30 Td (participating ) Tj ET Q q 0 0 0 rg BT 515.30 325.30 Td (subsidiaries ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 313.30 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 313.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 97.82 313.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 125.31 313.30 Td (of ) Tj ET Q q 0 0 0 rg BT 136.14 313.30 Td (common ) Tj ET Q q 0 0 0 rg BT 173.63 313.30 Td (stock, ) Tj ET Q q 0 0 0 rg BT 199.74 313.30 Td (at ) Tj ET Q q 0 0 0 rg BT 209.46 313.30 Td (semi-annual ) Tj ET Q q 0 0 0 rg BT 260.83 313.30 Td (intervals, ) Tj ET Q q 0 0 0 rg BT 300.26 313.30 Td (with ) Tj ET Q q 0 0 0 rg BT 320.54 313.30 Td (their ) Tj ET Q q 0 0 0 rg BT 341.37 313.30 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 394.39 313.30 Td (payroll ) Tj ET Q q 0 0 0 rg BT 425.22 313.30 Td (deductions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 291.40 Td (The ) Tj ET Q q 0 0 0 rg BT 90.37 291.40 Td (maximum ) Tj ET Q q 0 0 0 rg BT 133.25 291.40 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 174.44 291.40 Td (number ) Tj ET Q q 0 0 0 rg BT 207.31 291.40 Td (of ) Tj ET Q q 0 0 0 rg BT 217.97 291.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 245.28 291.40 Td (which ) Tj ET Q q 0 0 0 rg BT 272.05 291.40 Td (may ) Tj ET Q q 0 0 0 rg BT 291.59 291.40 Td (be ) Tj ET Q q 0 0 0 rg BT 303.35 291.40 Td (issued ) Tj ET Q q 0 0 0 rg BT 330.68 291.40 Td (over ) Tj ET Q q 0 0 0 rg BT 350.77 291.40 Td (the ) Tj ET Q q 0 0 0 rg BT 365.32 291.40 Td (term ) Tj ET Q q 0 0 0 rg BT 385.97 291.40 Td (of ) Tj ET Q q 0 0 0 rg BT 396.62 291.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.16 291.40 Td (ESPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.59 291.40 Td ( ) Tj ET Q q 0 0 0 rg BT 435.91 291.40 Td (is ) Tj ET Q q 0 0 0 rg BT 444.91 291.40 Td (the ) Tj ET Q q 0 0 0 rg BT 459.45 291.40 Td (sum ) Tj ET Q q 0 0 0 rg BT 478.45 291.40 Td (of ) Tj ET Q q 0 0 0 rg BT 489.10 291.40 Td (\(a\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.70 291.40 Td (666,666) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.20 291.40 Td ( ) Tj ET Q q 0 0 0 rg BT 537.53 291.40 Td (shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 279.40 Td (of ) Tj ET Q q 0 0 0 rg BT 60.11 279.40 Td (common ) Tj ET Q q 0 0 0 rg BT 97.39 279.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 120.79 279.40 Td (and ) Tj ET Q q 0 0 0 rg BT 137.51 279.40 Td (\(b\)an ) Tj ET Q q 0 0 0 rg BT 163.39 279.40 Td (annual ) Tj ET Q q 0 0 0 rg BT 192.33 279.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 227.37 279.40 Td (on ) Tj ET Q q 0 0 0 rg BT 239.65 279.40 Td (the ) Tj ET Q q 0 0 0 rg BT 254.15 279.40 Td (first ) Tj ET Q q 0 0 0 rg BT 272.55 279.40 Td (day ) Tj ET Q q 0 0 0 rg BT 289.27 279.40 Td (of ) Tj ET Q q 0 0 0 rg BT 299.88 279.40 Td (each ) Tj ET Q q 0 0 0 rg BT 320.48 279.40 Td (year ) Tj ET Q q 0 0 0 rg BT 339.97 279.40 Td (beginning ) Tj ET Q q 0 0 0 rg BT 382.25 279.40 Td (in ) Tj ET Q q 0 0 0 rg BT 392.32 279.40 Td (2012 ) Tj ET Q q 0 0 0 rg BT 414.60 279.40 Td (and ) Tj ET Q q 0 0 0 rg BT 431.32 279.40 Td (ending ) Tj ET Q q 0 0 0 rg BT 460.82 279.40 Td (in ) Tj ET Q q 0 0 0 rg BT 470.89 279.40 Td (2021, ) Tj ET Q q 0 0 0 rg BT 495.67 279.40 Td (equal ) Tj ET Q q 0 0 0 rg BT 519.61 279.40 Td (to ) Tj ET Q q 0 0 0 rg BT 529.67 279.40 Td (the ) Tj ET Q q 0 0 0 rg BT 544.17 279.40 Td (least ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 267.40 Td (of ) Tj ET Q q 0 0 0 rg BT 60.75 267.40 Td (\(i\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.69 267.40 Td (1,666,666) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.69 267.40 Td ( ) Tj ET Q q 0 0 0 rg BT 115.61 267.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 143.52 267.40 Td (of ) Tj ET Q q 0 0 0 rg BT 154.77 267.40 Td (common ) Tj ET Q q 0 0 0 rg BT 192.69 267.40 Td (stock, ) Tj ET Q q 0 0 0 rg BT 219.22 267.40 Td (\(ii\)one ) Tj ET Q q 0 0 0 rg BT 251.30 267.40 Td (percent ) Tj ET Q q 0 0 0 rg BT 283.64 267.40 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.97 267.40 Td (1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.30 267.40 Td (\)of ) Tj ET Q q 0 0 0 rg BT 317.38 267.40 Td (the ) Tj ET Q q 0 0 0 rg BT 332.52 267.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 360.43 267.40 Td (of ) Tj ET Q q 0 0 0 rg BT 371.69 267.40 Td (common ) Tj ET Q q 0 0 0 rg BT 409.60 267.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 433.63 267.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 483.22 267.40 Td (\(on ) Tj ET Q q 0 0 0 rg BT 499.47 267.40 Td (an ) Tj ET Q q 0 0 0 rg BT 511.83 267.40 Td (as ) Tj ET Q q 0 0 0 rg BT 523.08 267.40 Td (converted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 255.40 Td (basis\) ) Tj ET Q q 0 0 0 rg BT 74.21 255.40 Td (on ) Tj ET Q q 0 0 0 rg BT 85.59 255.40 Td (the ) Tj ET Q q 0 0 0 rg BT 99.19 255.40 Td (last ) Tj ET Q q 0 0 0 rg BT 114.46 255.40 Td (day ) Tj ET Q q 0 0 0 rg BT 130.28 255.40 Td (of ) Tj ET Q q 0 0 0 rg BT 139.99 255.40 Td (the ) Tj ET Q q 0 0 0 rg BT 153.59 255.40 Td (immediately ) Tj ET Q q 0 0 0 rg BT 204.96 255.40 Td (preceding ) Tj ET Q q 0 0 0 rg BT 245.76 255.40 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 268.80 255.40 Td (year ) Tj ET Q q 0 0 0 rg BT 287.39 255.40 Td (and ) Tj ET Q q 0 0 0 rg BT 303.21 255.40 Td (\(iii\)such ) Tj ET Q q 0 0 0 rg BT 340.42 255.40 Td (smaller ) Tj ET Q q 0 0 0 rg BT 371.23 255.40 Td (number ) Tj ET Q q 0 0 0 rg BT 403.16 255.40 Td (of ) Tj ET Q q 0 0 0 rg BT 412.87 255.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 439.25 255.40 Td (of ) Tj ET Q q 0 0 0 rg BT 448.96 255.40 Td (common ) Tj ET Q q 0 0 0 rg BT 485.33 255.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 507.83 255.40 Td (as ) Tj ET Q q 0 0 0 rg BT 517.54 255.40 Td (determined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 243.40 Td (by ) Tj ET Q q 0 0 0 rg BT 62.58 243.40 Td (the ) Tj ET Q q 0 0 0 rg BT 77.87 243.40 Td (board ) Tj ET Q q 0 0 0 rg BT 103.71 243.40 Td (of ) Tj ET Q q 0 0 0 rg BT 115.12 243.40 Td (directors, ) Tj ET Q q 0 0 0 rg BT 155.68 243.40 Td (which ) Tj ET Q q 0 0 0 rg BT 183.20 243.40 Td (may ) Tj ET Q q 0 0 0 rg BT 203.49 243.40 Td (be ) Tj ET Q q 0 0 0 rg BT 216.00 243.40 Td (either ) Tj ET Q q 0 0 0 rg BT 241.84 243.40 Td (authorized ) Tj ET Q q 0 0 0 rg BT 287.12 243.40 Td (but ) Tj ET Q q 0 0 0 rg BT 302.98 243.40 Td (unissued ) Tj ET Q q 0 0 0 rg BT 341.05 243.40 Td (common ) Tj ET Q q 0 0 0 rg BT 379.12 243.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 403.31 243.40 Td (or ) Tj ET Q q 0 0 0 rg BT 414.71 243.40 Td (reacquired ) Tj ET Q q 0 0 0 rg BT 459.98 243.40 Td (common ) Tj ET Q q 0 0 0 rg BT 498.05 243.40 Td (stock, ) Tj ET Q q 0 0 0 rg BT 524.74 243.40 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 231.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 76.72 231.40 Td (of ) Tj ET Q q 0 0 0 rg BT 87.28 231.40 Td (common ) Tj ET Q q 0 0 0 rg BT 124.51 231.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 147.85 231.40 Td (purchased ) Tj ET Q q 0 0 0 rg BT 190.61 231.40 Td (on ) Tj ET Q q 0 0 0 rg BT 202.84 231.40 Td (the ) Tj ET Q q 0 0 0 rg BT 217.29 231.40 Td (open ) Tj ET Q q 0 0 0 rg BT 238.96 231.40 Td (market. ) Tj ET Q q 0 0 0 rg BT 271.45 231.40 Td (In ) Tj ET Q q 0 0 0 rg BT 282.01 231.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 319.52 231.40 Td (no ) Tj ET Q q 0 0 0 rg BT 331.75 231.40 Td (participant ) Tj ET Q q 0 0 0 rg BT 376.74 231.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 397.86 231.40 Td (be ) Tj ET Q q 0 0 0 rg BT 409.52 231.40 Td (permitted ) Tj ET Q q 0 0 0 rg BT 450.08 231.40 Td (to ) Tj ET Q q 0 0 0 rg BT 460.08 231.40 Td (participate ) Tj ET Q q 0 0 0 rg BT 504.51 231.40 Td (in ) Tj ET Q q 0 0 0 rg BT 514.52 231.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 528.97 231.40 Td (ESPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.39 231.40 Td ( ) Tj ET Q q 0 0 0 rg BT 553.62 231.40 Td (if: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 219.40 Td (\(i\)immediately ) Tj ET Q q 0 0 0 rg BT 114.53 219.40 Td (after ) Tj ET Q q 0 0 0 rg BT 135.95 219.40 Td (his ) Tj ET Q q 0 0 0 rg BT 150.72 219.40 Td (or ) Tj ET Q q 0 0 0 rg BT 162.15 219.40 Td (her ) Tj ET Q q 0 0 0 rg BT 178.02 219.40 Td (election ) Tj ET Q q 0 0 0 rg BT 212.78 219.40 Td (to ) Tj ET Q q 0 0 0 rg BT 223.66 219.40 Td (participate, ) Tj ET Q q 0 0 0 rg BT 271.46 219.40 Td (the ) Tj ET Q q 0 0 0 rg BT 286.78 219.40 Td (participant ) Tj ET Q q 0 0 0 rg BT 332.64 219.40 Td (would ) Tj ET Q q 0 0 0 rg BT 360.74 219.40 Td (control ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.17 219.40 Td (5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.50 219.40 Td ( ) Tj ET Q q 0 0 0 rg BT 408.60 219.40 Td ( ) Tj ET Q q 0 0 0 rg BT 411.71 219.40 Td (or ) Tj ET Q q 0 0 0 rg BT 423.14 219.40 Td (more ) Tj ET Q q 0 0 0 rg BT 446.79 219.40 Td (of ) Tj ET Q q 0 0 0 rg BT 458.22 219.40 Td (the ) Tj ET Q q 0 0 0 rg BT 473.54 219.40 Td (total ) Tj ET Q q 0 0 0 rg BT 494.42 219.40 Td (combined ) Tj ET Q q 0 0 0 rg BT 536.96 219.40 Td (voting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 207.40 Td (power ) Tj ET Q q 0 0 0 rg BT 76.98 207.40 Td (or ) Tj ET Q q 0 0 0 rg BT 87.80 207.40 Td (value ) Tj ET Q q 0 0 0 rg BT 111.94 207.40 Td (of ) Tj ET Q q 0 0 0 rg BT 122.76 207.40 Td (all ) Tj ET Q q 0 0 0 rg BT 135.24 207.40 Td (classes ) Tj ET Q q 0 0 0 rg BT 165.50 207.40 Td (of ) Tj ET Q q 0 0 0 rg BT 176.31 207.40 Td (the ) Tj ET Q q 0 0 0 rg BT 191.02 207.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 214.61 207.40 Td (of ) Tj ET Q q 0 0 0 rg BT 225.43 207.40 Td (the ) Tj ET Q q 0 0 0 rg BT 240.14 207.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 281.51 207.40 Td (or ) Tj ET Q q 0 0 0 rg BT 292.33 207.40 Td (any ) Tj ET Q q 0 0 0 rg BT 309.26 207.40 Td (of ) Tj ET Q q 0 0 0 rg BT 320.07 207.40 Td (its ) Tj ET Q q 0 0 0 rg BT 332.01 207.40 Td (af) Tj ET Q q 0 0 0 rg BT 339.60 207.40 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 371.80 207.40 Td (or ) Tj ET Q q 0 0 0 rg BT 382.62 207.40 Td (\(ii\)under ) Tj ET Q q 0 0 0 rg BT 422.59 207.40 Td (the ) Tj ET Q q 0 0 0 rg BT 437.29 207.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 462.00 207.40 Td (of ) Tj ET Q q 0 0 0 rg BT 472.82 207.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.52 207.40 Td (ESPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.20 207.40 Td (, ) Tj ET Q q 0 0 0 rg BT 514.19 207.40 Td (the ) Tj ET Q q 0 0 0 rg BT 528.90 207.40 Td (rights ) Tj ET Q q 0 0 0 rg BT 554.16 207.40 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 195.40 Td (the ) Tj ET Q q 0 0 0 rg BT 64.33 195.40 Td (participant ) Tj ET Q q 0 0 0 rg BT 109.70 195.40 Td (to ) Tj ET Q q 0 0 0 rg BT 120.09 195.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 158.24 195.40 Td (the ) Tj ET Q q 0 0 0 rg BT 173.06 195.40 Td (Company) Tj ET Q q 0 0 0 rg BT 214.73 195.40 Td (s ) Tj ET Q q 0 0 0 rg BT 221.23 195.40 Td (common ) Tj ET Q q 0 0 0 rg BT 258.84 195.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 282.56 195.40 Td (under ) Tj ET Q q 0 0 0 rg BT 307.94 195.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.77 195.40 Td (ESPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.19 195.40 Td ( ) Tj ET Q q 0 0 0 rg BT 347.80 195.40 Td (and ) Tj ET Q q 0 0 0 rg BT 364.85 195.40 Td (all ) Tj ET Q q 0 0 0 rg BT 377.46 195.40 Td (of ) Tj ET Q q 0 0 0 rg BT 388.40 195.40 Td (its ) Tj ET Q q 0 0 0 rg BT 400.46 195.40 Td (other ) Tj ET Q q 0 0 0 rg BT 423.62 195.40 Td (qualified ) Tj ET Q q 0 0 0 rg BT 461.77 195.40 Td (employee ) Tj ET Q q 0 0 0 rg BT 503.25 195.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 526.97 195.40 Td (purchase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 183.40 Td (plans ) Tj ET Q q 0 0 0 rg BT 72.92 183.40 Td (or ) Tj ET Q q 0 0 0 rg BT 83.56 183.40 Td (those ) Tj ET Q q 0 0 0 rg BT 106.98 183.40 Td (of ) Tj ET Q q 0 0 0 rg BT 117.63 183.40 Td (the ) Tj ET Q q 0 0 0 rg BT 132.15 183.40 Td (Company) Tj ET Q q 0 0 0 rg BT 173.82 183.40 Td (s ) Tj ET Q q 0 0 0 rg BT 180.02 183.40 Td (af) Tj ET Q q 0 0 0 rg BT 187.61 183.40 Td (filiates ) Tj ET Q q 0 0 0 rg BT 217.13 183.40 Td (would ) Tj ET Q q 0 0 0 rg BT 244.45 183.40 Td (accrue ) Tj ET Q q 0 0 0 rg BT 272.84 183.40 Td (at ) Tj ET Q q 0 0 0 rg BT 282.37 183.40 Td (a ) Tj ET Q q 0 0 0 rg BT 289.12 183.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 306.42 183.40 Td (exceeding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.26 183.40 Td ($25,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.76 183.40 Td ( ) Tj ET Q q 0 0 0 rg BT 384.08 183.40 Td (of ) Tj ET Q q 0 0 0 rg BT 394.72 183.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 410.91 183.40 Td (market ) Tj ET Q q 0 0 0 rg BT 440.98 183.40 Td (value ) Tj ET Q q 0 0 0 rg BT 464.95 183.40 Td (of ) Tj ET Q q 0 0 0 rg BT 475.59 183.40 Td (the ) Tj ET Q q 0 0 0 rg BT 490.12 183.40 Td (common ) Tj ET Q q 0 0 0 rg BT 527.43 183.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 550.85 183.40 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 171.40 Td (each ) Tj ET Q q 0 0 0 rg BT 70.32 171.40 Td (calendar ) Tj ET Q q 0 0 0 rg BT 106.68 171.40 Td (year ) Tj ET Q q 0 0 0 rg BT 126.38 171.40 Td (for ) Tj ET Q q 0 0 0 rg BT 140.54 171.40 Td (which ) Tj ET Q q 0 0 0 rg BT 167.48 171.40 Td (such ) Tj ET Q q 0 0 0 rg BT 188.31 171.40 Td (right ) Tj ET Q q 0 0 0 rg BT 209.70 171.40 Td (is ) Tj ET Q q 0 0 0 rg BT 218.87 171.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 268.04 171.40 Td (at ) Tj ET Q q 0 0 0 rg BT 277.75 171.40 Td (any ) Tj ET Q q 0 0 0 rg BT 294.69 171.40 Td (time.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 121.40 Td (For ) Tj ET Q q 0 0 0 rg BT 89.82 121.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.47 121.40 Td (years ) Tj ET Q q 0 0 0 rg BT 127.99 121.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 154.30 121.40 Td (December ) Tj ET Q q 0 0 0 rg BT 197.81 121.40 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.31 121.40 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.74 121.40 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.74 121.40 Td ( ) Tj ET Q q 0 0 0 rg BT 235.17 121.40 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.04 121.40 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.04 121.40 Td (, ) Tj ET Q q 0 0 0 rg BT 276.97 121.40 Td (employees ) Tj ET Q q 0 0 0 rg BT 322.16 121.40 Td (purchased ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.13 121.40 Td (109,270) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.63 121.40 Td ( ) Tj ET Q q 0 0 0 rg BT 400.06 121.40 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.93 121.40 Td (126,242) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.43 121.40 Td ( ) Tj ET Q q 0 0 0 rg BT 451.85 121.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 479.27 121.40 Td (under ) Tj ET Q q 0 0 0 rg BT 504.47 121.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.12 121.40 Td (ESPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.54 121.40 Td ( ) Tj ET Q q 0 0 0 rg BT 543.97 121.40 Td (for ) Tj ET Q q 0 0 0 rg BT 558.06 121.40 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 109.40 Td (total ) Tj ET Q q 0 0 0 rg BT 70.63 109.40 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.31 109.40 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 103.17 109.40 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.06 109.40 Td ( ) Tj ET Q q 0 0 0 rg BT 135.41 109.40 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.21 109.40 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 174.06 109.40 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.95 109.40 Td (, ) Tj ET Q q 0 0 0 rg BT 208.81 109.40 Td (respectively) Tj ET Q q 0 0 0 rg BT 256.47 109.40 Td (. ) Tj ET Q q 0 0 0 rg BT 261.58 109.40 Td (As ) Tj ET Q q 0 0 0 rg BT 276.05 109.40 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.73 109.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 347.17 109.40 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.17 109.40 Td (, ) Tj ET Q q 0 0 0 rg BT 373.03 109.40 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 430.24 109.40 Td (compensation ) Tj ET Q q 0 0 0 rg BT 489.14 109.40 Td (cost ) Tj ET Q q 0 0 0 rg BT 508.60 109.40 Td (related ) Tj ET Q q 0 0 0 rg BT 539.16 109.40 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 109.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 97.40 Td (current ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.67 97.40 Td (ESPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.10 97.40 Td ( ) Tj ET Q q 0 0 0 rg BT 105.96 97.40 Td (period ) Tj ET Q q 0 0 0 rg BT 134.36 97.40 Td (which ) Tj ET Q q 0 0 0 rg BT 161.66 97.40 Td (ends ) Tj ET Q q 0 0 0 rg BT 182.85 97.40 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.71 97.40 Td (February28, ) Tj ET Q q 0 0 0 rg BT 249.66 97.40 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.66 97.40 Td ( ) Tj ET Q q 0 0 0 rg BT 272.52 97.40 Td (is ) Tj ET Q q 0 0 0 rg BT 282.05 97.40 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.67 97.40 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 363.03 97.40 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.92 97.40 Td ( ) Tj ET Q q 0 0 0 rg BT 394.78 97.40 Td (and ) Tj ET Q q 0 0 0 rg BT 412.08 97.40 Td (is ) Tj ET Q q 0 0 0 rg BT 421.60 97.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 460.00 97.40 Td (to ) Tj ET Q q 0 0 0 rg BT 470.63 97.40 Td (be ) Tj ET Q q 0 0 0 rg BT 482.93 97.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 529.65 97.40 Td (over ) Tj ET Q q 0 0 0 rg BT 550.28 97.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 85.40 Td (next ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.22 85.40 Td (2 ) Tj ET Q q 0 0 0 rg BT 76.72 85.40 Td (months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.17 85.40 Td (.) 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0 rg BT 536.65 581.42 Td (1,680) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 556.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.45 556.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.74 556.25 Td (capitalized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.45 556.25 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 198.36 556.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.25 556.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.65 556.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.39 556.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 263.90 556.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 321.85 556.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 344.25 556.25 Td (as ) Tj ET Q q 0 0 0 rg BT 354.99 556.25 Td (software ) Tj ET Q q 0 0 0 rg BT 391.82 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.67 556.25 Td (website ) Tj ET Q q 0 0 0 rg BT 441.62 556.25 Td (application ) Tj ET Q q 0 0 0 rg BT 488.45 556.25 Td (development ) Tj ET Q q 0 0 0 rg BT 542.51 556.25 Td (costs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 Td 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544.25 Td (for ) Tj ET Q q 0 0 0 rg BT 498.18 544.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.97 544.25 Td (years ) Tj ET Q q 0 0 0 rg BT 538.64 544.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 532.25 Td (December ) Tj ET Q q 0 0 0 rg BT 93.08 532.25 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.58 532.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.08 532.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.08 532.25 Td ( ) Tj ET Q q 0 0 0 rg BT 130.58 532.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.52 532.25 Td (201) Tj ET Q q 0 0 0 rg BT 162.15 532.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.15 532.25 Td ( ) Tj ET Q q 0 0 0 rg BT 169.65 532.25 Td (as ) Tj ET Q q 0 0 0 rg BT 180.48 532.25 Td (such ) Tj ET Q q 0 0 0 rg BT 201.31 532.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 237.70 532.25 Td (were ) Tj ET Q q 0 0 0 rg BT 259.63 532.25 Td (not ) Tj ET Q q 0 0 0 rg BT 274.91 532.25 Td (material.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 506.25 Td (V) Tj ET Q q 0 0 0 rg BT 67.06 506.25 Td (aluation ) Tj ET Q q 0 0 0 rg BT 104.02 506.25 Td (Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 485.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.99 485.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 108.81 485.25 Td (value ) Tj ET Q q 0 0 0 rg BT 133.41 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.68 485.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 168.73 485.25 Td (options ) Tj ET Q q 0 0 0 rg BT 201.13 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.51 485.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 242.56 485.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 281.04 485.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 306.76 485.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 339.69 485.25 Td (under ) Tj ET Q q 0 0 0 rg BT 365.40 485.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.56 485.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 403.51 485.25 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.28 485.25 Td (, ) Tj ET Q q 0 0 0 rg BT 426.73 485.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.89 485.25 Td (201) Tj ET Q q 0 0 0 rg BT 456.52 485.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 464.46 485.25 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.24 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.18 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 502.56 485.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.72 485.25 Td (ESPP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.15 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 543.09 485.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.26 473.25 Td (at ) Tj ET Q q 0 0 0 rg BT 99.92 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.57 473.25 Td (date ) Tj ET Q q 0 0 0 rg BT 133.67 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.43 473.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 167.42 473.25 Td (using ) Tj ET Q q 0 0 0 rg BT 191.53 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.18 473.25 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 266.39 473.25 Td (option ) Tj ET Q q 0 0 0 rg BT 294.38 473.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 334.03 473.25 Td (model ) Tj ET Q q 0 0 0 rg BT 361.47 473.25 Td (with ) Tj ET Q q 0 0 0 rg BT 381.69 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.34 473.25 Td (following ) Tj ET Q q 0 0 0 rg BT 437.67 473.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 476.76 473.25 Td (average ) Tj ET Q q 0 0 0 rg BT 510.28 473.25 Td (assumptions:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 432.75 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 432.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 432.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 432.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 432.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 432.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 432.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 432.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 402.75 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 402.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 402.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 402.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 402.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 402.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 402.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 402.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 402.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 372.75 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 372.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 372.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 372.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 372.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 372.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 372.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 372.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 372.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 342.75 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 342.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 342.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 342.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 342.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 342.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 342.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 342.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 342.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 312.75 322.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 312.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 312.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.00 312.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 312.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 312.75 13.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 312.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 312.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 550.00 312.75 13.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 447.75 m 420 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 447.75 m 433 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 447.75 m 437 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 447.75 m 485 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 447.75 m 498 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 447.75 m 502 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 447.75 m 550 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 447.75 m 563 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 432.75 m 420 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 432.75 m 485 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 447.75 m 550 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 432.75 m 550 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 447.75 m 563 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 550 432.75 m 563 432.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 452.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.00 452.42 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.10 451.98 Td (Year ended December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 437.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 55.00 437.42 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.50 436.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.50 436.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 517.70 436.98 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 423.32 Td (Stock option plans:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 408.32 Td (Risk-free interest rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 407.42 Td (0.95-1.87) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 407.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 407.42 Td (0.74-1.10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.15 407.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.15 407.42 Td (1.17-2.20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.15 407.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 393.32 Td (Expected life of options \(in years\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 392.42 Td (5.27-6.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 392.42 Td (5.27-6.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.15 392.42 Td (5.27-6.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 378.32 Td (Expected dividend yield) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.15 377.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 377.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.15 377.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.15 377.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.00 377.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.15 377.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 363.32 Td (Volatility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 362.42 Td (50-52) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 362.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.15 362.42 Td (52-59) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.15 362.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.15 362.42 Td (53-55) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.15 362.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 348.32 Td (Employee Stock Purchase Plan: \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 333.32 Td (Risk-free interest rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 332.42 Td (0.05-0.13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 332.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.15 332.42 Td (0.13-0.14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.15 332.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.50 332.42 Td (0.05) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.15 332.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 318.32 Td (Expected life of options \(in years\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.00 317.42 Td (0.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.00 317.42 Td (0.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.00 317.42 Td (0.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 303.32 Td (Expected dividend yield) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.15 302.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 302.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.15 302.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.15 302.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.00 302.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.15 302.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 288.32 Td (Volatility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 287.42 Td (36-37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 287.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.15 287.42 Td (37-47) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.15 287.42 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.00 287.21 Td (52) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 542.00 287.21 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 260.70 Td (\(1\) Employee Stock Purchase Plan established in 2011.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 234.35 Td (Stock ) Tj ET Q q 0 0 0 rg BT 97.25 234.35 Td (compensation ) Tj ET Q q 0 0 0 rg BT 154.76 234.35 Td (expense ) Tj ET Q q 0 0 0 rg BT 188.94 234.35 Td (during ) Tj ET Q q 0 0 0 rg BT 217.02 234.35 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.20 234.35 Td (year ) Tj ET Q q 0 0 0 rg BT 250.38 234.35 Td (ended ) Tj ET Q q 0 0 0 rg BT 276.23 234.35 Td (December ) Tj ET Q q 0 0 0 rg BT 319.28 234.35 Td (31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.78 234.35 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.75 234.35 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.75 234.35 Td ( ) Tj ET Q q 0 0 0 rg BT 355.72 234.35 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.13 234.35 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.13 234.35 Td ( ) Tj ET Q q 0 0 0 rg BT 394.10 234.35 Td (was ) Tj ET Q q 0 0 0 rg BT 411.62 234.35 Td (recorded ) Tj ET Q q 0 0 0 rg BT 448.57 234.35 Td (net ) Tj ET Q q 0 0 0 rg BT 462.76 234.35 Td (of ) Tj ET Q q 0 0 0 rg BT 473.06 234.35 Td (an ) Tj ET Q q 0 0 0 rg BT 484.47 234.35 Td (estimated ) Tj ET Q q 0 0 0 rg BT 524.76 234.35 Td (forfeiture ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 222.35 Td (rate ) Tj ET Q q 0 0 0 rg BT 66.99 222.35 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.82 222.35 Td (4.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.65 222.35 Td (. ) Tj ET Q q 0 0 0 rg BT 103.65 222.35 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.58 222.35 Td (4.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.41 222.35 Td (, ) Tj ET Q q 0 0 0 rg BT 146.41 222.35 Td (respectively) Tj ET Q q 0 0 0 rg BT 194.08 222.35 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 200.45 Td (Due ) Tj ET Q q 0 0 0 rg BT 91.90 200.45 Td (to ) Tj ET Q q 0 0 0 rg BT 102.43 200.45 Td (the ) Tj ET Q q 0 0 0 rg BT 117.39 200.45 Td (Company) Tj ET Q q 0 0 0 rg BT 159.05 200.45 Td (s ) Tj ET Q q 0 0 0 rg BT 165.69 200.45 Td (limited ) Tj ET Q q 0 0 0 rg BT 196.76 200.45 Td (trading ) Tj ET Q q 0 0 0 rg BT 227.83 200.45 Td (history ) Tj ET Q q 0 0 0 rg BT 258.35 200.45 Td (as ) Tj ET Q q 0 0 0 rg BT 269.43 200.45 Td (a ) Tj ET Q q 0 0 0 rg BT 276.61 200.45 Td (publicly ) Tj ET Q q 0 0 0 rg BT 312.13 200.45 Td (held ) Tj ET Q q 0 0 0 rg BT 332.09 200.45 Td (company) Tj ET Q q 0 0 0 rg BT 368.10 200.45 Td (, ) Tj ET Q q 0 0 0 rg BT 373.34 200.45 Td (the ) Tj ET Q q 0 0 0 rg BT 388.30 200.45 Td (simplified ) Tj ET Q q 0 0 0 rg BT 431.60 200.45 Td (method ) Tj ET Q q 0 0 0 rg BT 464.34 200.45 Td (was ) Tj ET Q q 0 0 0 rg BT 482.63 200.45 Td (used ) Tj ET Q q 0 0 0 rg BT 503.71 200.45 Td (to ) Tj ET Q q 0 0 0 rg BT 514.23 200.45 Td (estimate ) Tj ET Q q 0 0 0 rg BT 550.29 200.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 188.45 Td (expected ) Tj ET Q q 0 0 0 rg BT 88.07 188.45 Td (term ) Tj ET Q q 0 0 0 rg BT 109.43 188.45 Td (of ) Tj ET Q q 0 0 0 rg BT 120.80 188.45 Td (options ) Tj ET Q q 0 0 0 rg BT 153.29 188.45 Td (granted ) Tj ET Q q 0 0 0 rg BT 186.31 188.45 Td (by ) Tj ET Q q 0 0 0 rg BT 199.35 188.45 Td (taking ) Tj ET Q q 0 0 0 rg BT 227.39 188.45 Td (the ) Tj ET Q q 0 0 0 rg BT 242.64 188.45 Td (average ) Tj ET Q q 0 0 0 rg BT 276.76 188.45 Td (of ) Tj ET Q q 0 0 0 rg BT 288.13 188.45 Td (the ) Tj ET Q q 0 0 0 rg BT 303.39 188.45 Td (vesting ) Tj ET Q q 0 0 0 rg BT 335.31 188.45 Td (term ) Tj ET Q q 0 0 0 rg BT 356.68 188.45 Td (and ) Tj ET Q q 0 0 0 rg BT 374.15 188.45 Td (the ) Tj ET Q q 0 0 0 rg BT 389.41 188.45 Td (contractual ) Tj ET Q q 0 0 0 rg BT 436.87 188.45 Td (term ) Tj ET Q q 0 0 0 rg BT 458.23 188.45 Td (of ) Tj ET Q q 0 0 0 rg BT 469.60 188.45 Td (the ) Tj ET Q q 0 0 0 rg BT 484.85 188.45 Td (option. ) Tj ET Q q 0 0 0 rg BT 515.73 188.45 Td (T) Tj ET Q q 0 0 0 rg BT 521.14 188.45 Td (o ) Tj ET Q q 0 0 0 rg BT 529.18 188.45 Td (estimate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 176.45 Td (volatility) Tj ET Q q 0 0 0 rg BT 84.96 176.45 Td (, ) Tj ET Q q 0 0 0 rg BT 89.66 176.45 Td (management ) Tj ET Q q 0 0 0 rg BT 142.96 176.45 Td (identified ) Tj ET Q q 0 0 0 rg BT 183.48 176.45 Td (a ) Tj ET Q q 0 0 0 rg BT 190.12 176.45 Td (group ) Tj ET Q q 0 0 0 rg BT 215.65 176.45 Td (of ) Tj ET Q q 0 0 0 rg BT 226.19 176.45 Td (publicly ) Tj ET Q q 0 0 0 rg BT 261.17 176.45 Td (traded ) Tj ET Q q 0 0 0 rg BT 288.35 176.45 Td (peer ) Tj ET Q q 0 0 0 rg BT 307.77 176.45 Td (companies ) Tj ET Q q 0 0 0 rg BT 352.73 176.45 Td (that ) Tj ET Q q 0 0 0 rg BT 369.93 176.45 Td (operate ) Tj ET Q q 0 0 0 rg BT 401.56 176.45 Td (in ) Tj ET Q q 0 0 0 rg BT 411.54 176.45 Td (a ) Tj ET Q q 0 0 0 rg BT 418.18 176.45 Td (similar ) Tj ET Q q 0 0 0 rg BT 448.16 176.45 Td (industry ) Tj ET Q q 0 0 0 rg BT 483.14 176.45 Td (and ) Tj ET Q q 0 0 0 rg BT 499.78 176.45 Td (an ) Tj ET Q q 0 0 0 rg BT 511.43 176.45 Td (estimate ) Tj ET Q q 0 0 0 rg BT 546.95 176.45 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 164.45 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.34 164.45 Td (based ) Tj ET Q q 0 0 0 rg BT 122.97 164.45 Td (on ) Tj ET Q q 0 0 0 rg BT 135.83 164.45 Td (the ) Tj ET Q q 0 0 0 rg BT 150.90 164.45 Td (average ) Tj ET Q q 0 0 0 rg BT 184.84 164.45 Td (historical ) Tj ET Q q 0 0 0 rg BT 224.92 164.45 Td (volatilities ) Tj ET Q q 0 0 0 rg BT 269.99 164.45 Td (of ) Tj ET Q q 0 0 0 rg BT 281.18 164.45 Td (these ) Tj ET Q q 0 0 0 rg BT 304.59 164.45 Td (peer ) Tj ET Q q 0 0 0 rg BT 324.65 164.45 Td (companies. ) Tj ET Q q 0 0 0 rg BT 372.57 164.45 Td (The ) Tj ET Q q 0 0 0 rg BT 390.97 164.45 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 427.70 164.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 459.99 164.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 477.84 164.45 Td (used ) Tj ET Q q 0 0 0 rg BT 499.02 164.45 Td (was ) Tj ET Q q 0 0 0 rg BT 517.44 164.45 Td (the ) Tj ET Q q 0 0 0 rg BT 532.51 164.45 Td (Federal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 152.45 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 84.04 152.45 Td (Bank) Tj ET Q q 0 0 0 rg BT 107.93 152.45 Td (s ) Tj ET Q q 0 0 0 rg BT 114.16 152.45 Td (constant ) Tj ET Q q 0 0 0 rg BT 149.82 152.45 Td (maturities ) Tj ET Q q 0 0 0 rg BT 192.15 152.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 223.92 152.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 241.24 152.45 Td (commensurate ) Tj ET Q q 0 0 0 rg BT 301.89 152.45 Td (with ) Tj ET Q q 0 0 0 rg BT 322.00 152.45 Td (the ) Tj ET Q q 0 0 0 rg BT 336.55 152.45 Td (expected ) Tj ET Q q 0 0 0 rg BT 374.42 152.45 Td (life ) Tj ET Q q 0 0 0 rg BT 390.08 152.45 Td (of ) Tj ET Q q 0 0 0 rg BT 400.75 152.45 Td (the ) Tj ET Q q 0 0 0 rg BT 415.30 152.45 Td (options. ) Tj ET Q q 0 0 0 rg BT 449.42 152.45 Td (The ) Tj ET Q q 0 0 0 rg BT 467.30 152.45 Td (expected ) Tj ET Q q 0 0 0 rg BT 505.17 152.45 Td (dividend ) Tj ET Q q 0 0 0 rg BT 542.50 152.45 Td (yield ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 140.45 Td (was ) Tj ET Q q 0 0 0 rg BT 67.55 140.45 Td (zero, ) Tj ET Q q 0 0 0 rg BT 89.76 140.45 Td (as ) Tj ET Q q 0 0 0 rg BT 100.59 140.45 Td (the ) Tj ET Q q 0 0 0 rg BT 115.31 140.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 156.69 140.45 Td (does ) Tj ET Q q 0 0 0 rg BT 177.52 140.45 Td (not ) Tj ET Q q 0 0 0 rg BT 192.80 140.45 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 234.17 140.45 Td (paying ) Tj ET Q q 0 0 0 rg BT 263.88 140.45 Td (a ) Tj ET Q q 0 0 0 rg BT 270.82 140.45 Td (dividend ) Tj ET Q q 0 0 0 rg BT 308.32 140.45 Td (within ) Tj ET Q q 0 0 0 rg BT 336.38 140.45 Td (the ) Tj ET Q q 0 0 0 rg BT 351.09 140.45 Td (relevant ) Tj ET Q q 0 0 0 rg BT 385.79 140.45 Td (time ) Tj ET Q q 0 0 0 rg BT 406.07 140.45 Td (frame.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 114.15 Td (NOTE ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.34 114.15 Td (1) Tj ET Q q 0 0 0 rg BT 84.79 114.15 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 89.79 114.15 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.79 114.15 Td (Employee Benefit Plan) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 197.00 114.15 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 97.75 Td (The ) Tj ET Q q 0 0 0 rg BT 90.44 97.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.73 97.75 Td (of) Tj ET Q q 0 0 0 rg BT 139.88 97.75 Td (fers ) Tj ET Q q 0 0 0 rg BT 157.27 97.75 Td (a ) Tj ET Q q 0 0 0 rg BT 164.10 97.75 Td (qualified ) Tj ET Q q 0 0 0 rg BT 202.04 97.75 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 231.10 97.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 263.48 97.75 Td (contribution ) Tj ET Q q 0 0 0 rg BT 314.76 97.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 334.38 97.75 Td (to ) Tj ET Q q 0 0 0 rg BT 344.55 97.75 Td (substantially ) Tj ET Q q 0 0 0 rg BT 397.50 97.75 Td (all ) Tj ET Q q 0 0 0 rg BT 409.89 97.75 Td (of ) Tj ET Q q 0 0 0 rg BT 420.62 97.75 Td (the ) Tj ET Q q 0 0 0 rg BT 435.23 97.75 Td (Company) Tj ET Q q 0 0 0 rg BT 476.90 97.75 Td (s ) Tj ET Q q 0 0 0 rg BT 483.19 97.75 Td (employees. ) Tj ET Q q 0 0 0 rg BT 530.85 97.75 Td (Eligible ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 85.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 95.57 85.75 Td (may ) Tj ET Q q 0 0 0 rg BT 116.10 85.75 Td (contribute ) Tj ET Q q 0 0 0 rg BT 159.95 85.75 Td (up ) Tj ET Q q 0 0 0 rg BT 173.25 85.75 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.34 85.75 Td (15%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.67 85.75 Td ( ) Tj ET Q q 0 0 0 rg BT 205.98 85.75 Td (of ) Tj ET Q q 0 0 0 rg BT 217.62 85.75 Td (their ) Tj ET Q q 0 0 0 rg BT 239.25 85.75 Td (pretax ) Tj ET Q q 0 0 0 rg BT 267.54 85.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 297.51 85.75 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 358.86 85.75 Td (up ) Tj ET Q q 0 0 0 rg BT 372.17 85.75 Td (to ) Tj ET Q q 0 0 0 rg BT 383.25 85.75 Td (the ) Tj ET Q q 0 0 0 rg BT 398.78 85.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 432.08 85.75 Td (allowed ) Tj ET Q q 0 0 0 rg BT 467.04 85.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 504.79 85.75 Td (to ) Tj ET Q q 0 0 0 rg BT 515.88 85.75 Td (the ) Tj ET Q q 0 0 0 rg BT 531.40 85.75 Td (Internal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 73.75 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 87.27 73.75 Td (Code. ) Tj ET Q q 0 0 0 rg BT 113.67 73.75 Td (In ) Tj ET Q q 0 0 0 rg BT 124.79 73.75 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.79 73.75 Td (years ) Tj ET Q q 0 0 0 rg BT 163.68 73.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 190.34 73.75 Td (December ) Tj ET Q q 0 0 0 rg BT 234.22 73.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 249.50 73.75 Td (2013, ) Tj ET Q q 0 0 0 rg BT 274.79 73.75 Td (2012 ) Tj ET Q q 0 0 0 rg BT 297.58 73.75 Td (and ) Tj ET Q q 0 0 0 rg BT 314.81 73.75 Td (201) Tj ET Q q 0 0 0 rg BT 329.44 73.75 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.44 73.75 Td (, ) Tj ET Q q 0 0 0 rg BT 339.72 73.75 Td (the ) Tj ET Q q 0 0 0 rg BT 354.73 73.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 396.40 73.75 Td (matched ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.06 73.75 Td (50%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.39 73.75 Td ( ) Tj ET Q q 0 0 0 rg BT 454.18 73.75 Td (of ) Tj ET Q q 0 0 0 rg BT 465.30 73.75 Td (each ) Tj ET Q q 0 0 0 rg BT 486.40 73.75 Td (dollar ) Tj ET Q q 0 0 0 rg BT 512.52 73.75 Td (of ) Tj ET Q q 0 0 0 rg BT 523.64 73.75 Td (employee ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 61.75 Td (contribution, ) Tj ET Q q 0 0 0 rg BT 103.38 61.75 Td (up ) Tj ET Q q 0 0 0 rg BT 115.88 61.75 Td (to ) Tj ET Q q 0 0 0 rg BT 126.16 61.75 Td (a ) Tj ET Q q 0 0 0 rg BT 133.10 61.75 Td (maximum ) Tj ET Q q 0 0 0 rg BT 176.15 61.75 Td (match ) Tj ET Q q 0 0 0 rg BT 203.08 61.75 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.91 61.75 Td (three ) Tj ET Q q 0 0 0 rg BT 236.40 61.75 Td (percent) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.82 61.75 Td ( ) Tj ET Q q 0 0 0 rg BT 268.32 61.75 Td (of ) Tj ET Q q 0 0 0 rg BT 279.15 61.75 Td (the ) Tj ET Q q 0 0 0 rg BT 293.87 61.75 Td (employee) Tj ET Q q 0 0 0 rg BT 335.52 61.75 Td (s ) Tj ET Q q 0 0 0 rg BT 341.91 61.75 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 402.27 61.75 Td (The ) Tj ET Q q 0 0 0 rg BT 420.32 61.75 Td (Company) Tj ET Q q 0 0 0 rg BT 461.99 61.75 Td (s ) Tj ET Q q 0 0 0 rg BT 468.38 61.75 Td (contributions ) Tj ET Q q 0 0 0 rg BT 523.65 61.75 Td (to ) Tj ET Q q 0 0 0 rg BT 533.93 61.75 Td (the) Tj ET Q endstream endobj 157 0 obj <> endobj 158 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (76) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 78.26 740.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 97.57 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 111.33 740.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.64 740.10 Td (years ) Tj ET Q q 0 0 0 rg BT 148.83 740.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 174.81 740.10 Td (December ) Tj ET Q q 0 0 0 rg BT 217.99 740.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 232.58 740.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 257.18 740.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 279.28 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.81 740.10 Td (201) Tj ET Q q 0 0 0 rg BT 310.44 740.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.44 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.54 740.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.06 740.10 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 358.66 740.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.55 740.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.14 740.10 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 411.74 740.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.63 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.73 740.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.26 740.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 478.86 740.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.75 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 512.35 740.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.01 740.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.44 728.10 Td (were ) Tj ET Q q 0 0 0 rg BT 98.37 728.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 144.73 728.10 Td (as ) Tj ET Q q 0 0 0 rg BT 155.56 728.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 190.27 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.54 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.26 728.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 268.30 728.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 313.02 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.85 728.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 386.88 728.10 Td (income.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 702.10 Td (NOTE ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 80.34 702.10 Td (12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 90.34 702.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 100.34 702.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 135.61 702.10 Td (Party ) Tj ET Q q 0 0 0 rg BT 161.80 702.10 Td (T) Tj ET Q q 0 0 0 rg BT 167.73 702.10 Td (ransactions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 216.62 702.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 685.10 Td (A) Tj ET Q q 0 0 0 rg BT 80.17 685.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.00 685.10 Td (related ) Tj ET Q q 0 0 0 rg BT 111.04 685.10 Td (party ) Tj ET Q q 0 0 0 rg BT 133.42 685.10 Td (is ) Tj ET Q q 0 0 0 rg BT 141.92 685.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 180.95 685.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 212.77 685.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.93 685.10 Td (\(i\)any ) Tj ET Q q 0 0 0 rg BT 251.14 685.10 Td (person ) Tj ET Q q 0 0 0 rg BT 279.64 685.10 Td (that ) Tj ET Q q 0 0 0 rg BT 296.46 685.10 Td (holds ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.97 685.10 Td (10%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.30 685.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.13 685.10 Td (or ) Tj ET Q q 0 0 0 rg BT 350.29 685.10 Td (more ) Tj ET Q q 0 0 0 rg BT 372.67 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.83 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.88 685.10 Td (Company) Tj ET Q q 0 0 0 rg BT 438.55 685.10 Td (s ) Tj ET Q q 0 0 0 rg BT 444.27 685.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 483.87 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.14 685.10 Td (their ) Tj ET Q q 0 0 0 rg BT 520.30 685.10 Td (immediate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (families, ) Tj ET Q q 0 0 0 rg BT 86.85 673.10 Td (\(ii\)the ) Tj ET Q q 0 0 0 rg BT 116.43 673.10 Td (Company) Tj ET Q q 0 0 0 rg BT 158.10 673.10 Td (s ) Tj ET Q q 0 0 0 rg BT 164.63 673.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 220.86 673.10 Td (\(iii\)someone ) Tj ET Q q 0 0 0 rg BT 276.55 673.10 Td (that ) Tj ET Q q 0 0 0 rg BT 294.19 673.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 327.37 673.10 Td (or ) Tj ET Q q 0 0 0 rg BT 338.34 673.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 379.31 673.10 Td (controls, ) Tj ET Q q 0 0 0 rg BT 416.67 673.10 Td (is ) Tj ET Q q 0 0 0 rg BT 425.98 673.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 469.17 673.10 Td (by ) Tj ET Q q 0 0 0 rg BT 481.81 673.10 Td (or ) Tj ET Q q 0 0 0 rg BT 492.78 673.10 Td (is ) Tj ET Q q 0 0 0 rg BT 502.10 673.10 Td (under ) Tj ET Q q 0 0 0 rg BT 527.51 673.10 Td (common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 661.10 Td (control ) Tj ET Q q 0 0 0 rg BT 80.50 661.10 Td (with ) Tj ET Q q 0 0 0 rg BT 100.95 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.84 661.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.41 661.10 Td (or ) Tj ET Q q 0 0 0 rg BT 168.41 661.10 Td (\(iv\)anyone ) Tj ET Q q 0 0 0 rg BT 216.90 661.10 Td (who ) Tj ET Q q 0 0 0 rg BT 236.80 661.10 Td (can ) Tj ET Q q 0 0 0 rg BT 253.35 661.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 306.01 661.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 345.89 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.78 661.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 398.44 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.55 661.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 455.99 661.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 495.88 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.89 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.78 661.10 Td (Company) Tj ET Q q 0 0 0 rg BT 560.02 661.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 649.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 649.10 Td ( ) Tj ET Q q 0 0 0 rg BT 59.00 649.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 105.70 649.10 Td (is ) Tj ET Q q 0 0 0 rg BT 115.19 649.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 161.34 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.94 649.10 Td (be ) Tj ET Q q 0 0 0 rg BT 184.21 649.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.47 649.10 Td (related ) Tj ET Q q 0 0 0 rg BT 221.50 649.10 Td (party ) Tj ET Q q 0 0 0 rg BT 244.88 649.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 291.58 649.10 Td (when ) Tj ET Q q 0 0 0 rg BT 316.06 649.10 Td (there ) Tj ET Q q 0 0 0 rg BT 338.88 649.10 Td (is ) Tj ET Q q 0 0 0 rg BT 348.37 649.10 Td (a ) Tj ET Q q 0 0 0 rg BT 355.64 649.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 389.00 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.16 649.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 440.75 649.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.90 649.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 499.17 649.10 Td (between ) Tj ET Q q 0 0 0 rg BT 535.32 649.10 Td (related ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 637.10 Td (parties.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 616.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 96.29 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.86 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.87 616.10 Td (IPO, ) Tj ET Q q 0 0 0 rg BT 143.28 616.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 173.28 616.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 212.18 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.75 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.76 616.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 279.44 616.10 Td (were ) Tj ET Q q 0 0 0 rg BT 301.66 616.10 Td (also ) Tj ET Q q 0 0 0 rg BT 320.56 616.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 343.34 616.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 389.18 616.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 430.85 616.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 460.29 616.10 Td (from ) Tj ET Q q 0 0 0 rg BT 482.52 616.10 Td (these ) Tj ET Q q 0 0 0 rg BT 505.86 616.10 Td (related ) Tj ET Q q 0 0 0 rg BT 535.85 616.10 Td (parties ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 604.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.43 604.10 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 91.43 604.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.32 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.82 604.10 Td (for ) Tj ET Q q 0 0 0 rg BT 136.98 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.70 604.10 Td (year ) Tj ET Q q 0 0 0 rg BT 171.40 604.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 197.78 604.10 Td (December ) Tj ET Q q 0 0 0 rg BT 241.37 604.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 256.37 604.10 Td (201) Tj ET Q q 0 0 0 rg BT 270.99 604.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 278.49 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.43 604.10 Td (were ) Tj ET Q q 0 0 0 rg BT 317.36 604.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 357.07 604.10 Td (included ) Tj ET Q q 0 0 0 rg BT 394.01 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.29 604.10 Td (on-demand ) Tj ET Q q 0 0 0 rg BT 451.77 604.10 Td (revenues.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 583.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 111.01 583.10 Td (Carl ) Tj ET Q q 0 0 0 rg BT 132.42 583.10 Td (Buccellato ) Tj ET Q q 0 0 0 rg BT 179.38 583.10 Td (served ) Tj ET Q q 0 0 0 rg BT 209.67 583.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.20 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.61 583.10 Td (chief ) Tj ET Q q 0 0 0 rg BT 262.79 583.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 305.30 583.10 Td (of) Tj ET Q q 0 0 0 rg BT 313.45 583.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 335.96 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.49 583.10 Td (SavingStreet, ) Tj ET Q q 0 0 0 rg BT 406.28 583.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 429.37 583.10 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 471.88 583.10 Td (New ) Tj ET Q q 0 0 0 rg BT 494.96 583.10 Td (Casa ) Tj ET Q q 0 0 0 rg BT 518.59 583.10 Td (188, ) Tj ET Q q 0 0 0 rg BT 540.29 583.10 Td (LLC\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 571.10 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.27 571.10 Td (SavingStreet) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.37 571.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 120.95 571.10 Td (from ) Tj ET Q q 0 0 0 rg BT 142.69 571.10 Td (May ) Tj ET Q q 0 0 0 rg BT 163.33 571.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 185.64 571.10 Td (until ) Tj ET Q q 0 0 0 rg BT 206.28 571.10 Td (February ) Tj ET Q q 0 0 0 rg BT 244.69 571.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 269.49 571.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.24 571.10 Td (owns ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.66 571.10 Td (32%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.99 571.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.30 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.93 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.46 571.10 Td (membership ) Tj ET Q q 0 0 0 rg BT 407.20 571.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 442.83 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.47 571.10 Td (SavingStreet. ) Tj ET Q q 0 0 0 rg BT 509.38 571.10 Td (During ) Tj ET Q q 0 0 0 rg BT 540.02 571.10 Td (2008, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.82 559.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 104.82 559.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 136.35 559.10 Td (into ) Tj ET Q q 0 0 0 rg BT 154.01 559.10 Td (a ) Tj ET Q q 0 0 0 rg BT 160.56 559.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 196.54 559.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 245.85 559.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 289.60 559.10 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.49 559.10 Td (SavingStreet) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.59 559.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.70 559.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 392.57 559.10 Td (was ) Tj ET Q q 0 0 0 rg BT 410.23 559.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 464.56 559.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 502.76 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.30 559.10 Td (restated ) Tj ET Q q 0 0 0 rg BT 552.50 559.10 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 547.10 Td (June15, ) Tj ET Q q 0 0 0 rg BT 85.63 547.10 Td (2010\) ) Tj ET Q q 0 0 0 rg BT 111.76 547.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 149.00 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.57 547.10 Td (which ) Tj ET Q q 0 0 0 rg BT 186.81 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.83 547.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 243.51 547.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 281.86 547.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.44 547.10 Td (SavingStreet) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.54 547.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.34 547.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 376.34 547.10 Td (information ) Tj ET Q q 0 0 0 rg BT 426.35 547.10 Td (from ) Tj ET Q q 0 0 0 rg BT 448.59 547.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 491.93 547.10 Td (who ) Tj ET Q q 0 0 0 rg BT 511.95 547.10 Td (consented ) Tj ET Q q 0 0 0 rg BT 554.74 547.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.61 535.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 115.62 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.84 535.10 Td (such ) Tj ET Q q 0 0 0 rg BT 150.06 535.10 Td (information, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.67 535.10 Td (SavingStreet) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.77 535.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.67 535.10 Td (used ) Tj ET Q q 0 0 0 rg BT 280.89 535.10 Td (this ) Tj ET Q q 0 0 0 rg BT 299.23 535.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 339.78 535.10 Td (information ) Tj ET Q q 0 0 0 rg BT 390.88 535.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.55 535.10 Td (market ) Tj ET Q q 0 0 0 rg BT 434.21 535.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 465.31 535.10 Td (move-related ) Tj ET Q q 0 0 0 rg BT 521.95 535.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.28 535.10 Td (home ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 523.10 Td (ownership-related ) Tj ET Q q 0 0 0 rg BT 123.54 523.10 Td (products ) Tj ET Q q 0 0 0 rg BT 159.83 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.13 523.10 Td (services ) Tj ET Q q 0 0 0 rg BT 210.18 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.48 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.54 523.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 281.28 523.10 Td (was ) Tj ET Q q 0 0 0 rg BT 298.69 523.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 330.53 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.16 523.10 Td (receive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.87 523.10 Td (20%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.20 523.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.06 523.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.24 523.10 Td (SavingStreet) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.34 523.10 Td () Tj ET Q q 0 0 0 rg BT 455.12 523.10 Td (s ) Tj ET Q q 0 0 0 rg BT 460.86 523.10 Td (net ) Tj ET Q q 0 0 0 rg BT 474.93 523.10 Td (income ) Tj ET Q q 0 0 0 rg BT 506.22 523.10 Td (until ) Tj ET Q q 0 0 0 rg BT 526.40 523.10 Td (investors ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 511.10 Td (had ) Tj ET Q q 0 0 0 rg BT 66.17 511.10 Td (recouped ) Tj ET Q q 0 0 0 rg BT 105.04 511.10 Td (their ) Tj ET Q q 0 0 0 rg BT 125.59 511.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 151.15 511.10 Td (investment, ) Tj ET Q q 0 0 0 rg BT 199.76 511.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.43 511.10 Td (then ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.87 511.10 Td (50%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.20 511.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.43 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.99 511.10 Td (its ) Tj ET Q q 0 0 0 rg BT 278.67 511.10 Td (net ) Tj ET Q q 0 0 0 rg BT 293.11 511.10 Td (income ) Tj ET Q q 0 0 0 rg BT 324.77 511.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 362.52 511.10 Td (. ) Tj ET Q q 0 0 0 rg BT 367.25 511.10 Td (In ) Tj ET Q q 0 0 0 rg BT 377.81 511.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 423.91 511.10 Td (with ) Tj ET Q q 0 0 0 rg BT 443.91 511.10 Td (this ) Tj ET Q q 0 0 0 rg BT 460.59 511.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 509.19 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.63 511.10 Td (Company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 499.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 76.44 499.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.15 499.10 Td (SavingStreet) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.25 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.19 499.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.56 499.10 Td (five) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.11 499.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 183.58 499.10 Td (warrant ) Tj ET Q q 0 0 0 rg BT 216.06 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.77 499.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 263.25 499.10 Td (up ) Tj ET Q q 0 0 0 rg BT 275.18 499.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.90 499.10 Td (133,333) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.40 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.33 499.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 346.26 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.52 499.10 Td (its ) Tj ET Q q 0 0 0 rg BT 367.91 499.10 Td (common ) Tj ET Q q 0 0 0 rg BT 404.84 499.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 427.88 499.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.04 499.10 Td ($5.94) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.54 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.47 499.10 Td (per ) Tj ET Q q 0 0 0 rg BT 476.18 499.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 501.71 499.10 Td (In ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.98 499.10 Td (March ) Tj ET Q q 0 0 0 rg BT 540.01 499.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 560.01 499.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.89 487.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.95 487.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 155.88 487.10 Td (its ) Tj ET Q q 0 0 0 rg BT 169.50 487.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 205.34 487.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 255.04 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.65 487.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 331.69 487.10 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.64 487.10 Td (SavingStreet) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.74 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.91 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.52 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.91 487.10 Td (warrant ) Tj ET Q q 0 0 0 rg BT 478.62 487.10 Td (expired ) Tj ET Q q 0 0 0 rg BT 512.78 487.10 Td (unvested ) Tj ET Q q 0 0 0 rg BT 552.50 487.10 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 475.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.15 475.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 133.04 475.10 Td (There ) Tj ET Q q 0 0 0 rg BT 158.92 475.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.92 475.10 Td ($196,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.42 475.10 Td ( ) Tj ET Q q 0 0 0 rg BT 220.98 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.88 475.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 270.55 475.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 306.43 475.10 Td (for ) Tj ET Q q 0 0 0 rg BT 320.66 475.10 Td (services ) Tj ET Q q 0 0 0 rg BT 355.44 475.10 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.44 475.10 Td (SavingStreet) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.55 475.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.12 475.10 Td (for ) Tj ET Q q 0 0 0 rg BT 445.34 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.13 475.10 Td (year ) Tj ET Q q 0 0 0 rg BT 479.91 475.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 506.35 475.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.00 475.10 Td (31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 463.10 Td (201) Tj ET Q q 0 0 0 rg BT 64.13 463.10 Td (1.) 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 544.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 518.75 198.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 518.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 518.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 518.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 518.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 518.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 518.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 518.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 518.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 518.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 518.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 518.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 518.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 518.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 518.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 518.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 492.75 198.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 492.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 492.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 492.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 492.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 492.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 492.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 492.75 35.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 492.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 284.75 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 284.75 5.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 284.75 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 284.75 5.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 284.75 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 284.75 5.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 284.75 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 284.75 5.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 284.75 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 284.75 5.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 284.75 35.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 284.75 5.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 284.75 35.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 710.75 m 283 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 710.75 m 288 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 710.75 m 323 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 710.75 m 328 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 710.75 m 363 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 710.75 m 368 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 710.75 m 403 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 710.75 m 408 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 710.75 m 443 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 710.75 m 448 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 710.75 m 483 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 710.75 m 488 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 710.75 m 523 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 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483 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 544.75 m 523 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 544.75 m 563 544.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 518.75 m 283 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 518.75 m 323 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 518.75 m 363 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 518.75 m 403 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 518.75 m 443 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 518.75 m 483 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 518.75 m 523 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 518.75 m 563 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 479.75 m 283 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 479.75 m 323 479.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 479.75 m 363 479.75 l s 0 0 0 RG 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0 J 0 j 3 M 408 454.75 m 443 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 452.75 m 443 452.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 454.75 m 483 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 452.75 m 483 452.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 454.75 m 523 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 452.75 m 523 452.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 454.75 m 563 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 452.75 m 563 452.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 415.75 m 283 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 413.75 m 283 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 415.75 m 323 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 413.75 m 323 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 415.75 m 363 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 413.75 m 363 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 415.75 m 403 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 413.75 m 403 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 415.75 m 443 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 413.75 m 443 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 415.75 m 483 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 413.75 m 483 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 415.75 m 523 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 413.75 m 523 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 415.75 m 563 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 413.75 m 563 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 402.75 m 283 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 400.75 m 283 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 402.75 m 323 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 400.75 m 323 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 402.75 m 363 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 400.75 m 363 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 402.75 m 403 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 400.75 m 403 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 402.75 m 443 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 400.75 m 443 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 402.75 m 483 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 400.75 m 483 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 402.75 m 523 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 400.75 m 523 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 402.75 m 563 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 400.75 m 563 400.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 347.75 m 283 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 345.75 m 283 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 347.75 m 323 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 345.75 m 323 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 347.75 m 363 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 345.75 m 363 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 347.75 m 403 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 345.75 m 403 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 347.75 m 443 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 345.75 m 443 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 347.75 m 483 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 345.75 m 483 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 347.75 m 523 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 345.75 m 523 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 347.75 m 563 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 345.75 m 563 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 345.75 m 283 345.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 347.75 m 283 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 334.75 m 283 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 332.75 m 283 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 334.75 m 323 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 332.75 m 323 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 334.75 m 363 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 332.75 m 363 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 334.75 m 403 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 332.75 m 403 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 334.75 m 443 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 332.75 m 443 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 334.75 m 483 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 332.75 m 483 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 334.75 m 523 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 332.75 m 523 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 334.75 m 563 334.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 332.75 m 563 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 263.75 m 283 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 263.75 m 323 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 263.75 m 363 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 263.75 m 403 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 263.75 m 443 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 263.75 m 483 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 263.75 m 523 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 263.75 m 563 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 251.75 m 283 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 249.75 m 283 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 263.75 m 323 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 251.75 m 323 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 249.75 m 323 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 263.75 m 363 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 251.75 m 363 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 249.75 m 363 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 263.75 m 403 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 251.75 m 403 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 249.75 m 403 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 263.75 m 443 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 251.75 m 443 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 249.75 m 443 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 263.75 m 483 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 251.75 m 483 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 249.75 m 483 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 263.75 m 523 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 251.75 m 523 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 249.75 m 523 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 263.75 m 563 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 251.75 m 563 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 249.75 m 563 249.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 715.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.95 714.98 Td (Three months ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 694.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 252.55 701.98 Td (Dec 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.00 693.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.50 694.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.75 701.98 Td (Sep 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 297.00 693.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.50 694.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.55 701.98 Td (Jun 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 337.00 693.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.50 694.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.50 701.98 Td (Mar 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.00 693.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.50 694.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 412.55 701.98 Td (Dec 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.00 693.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 694.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.75 701.98 Td (Sep 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 457.00 693.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.50 694.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.55 701.98 Td (Jun 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.00 693.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 694.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.50 701.98 Td (Mar 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.00 693.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 681.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 315.75 680.98 Td (\(unaudited, in thousands, except per share amounts\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 668.00 Td (Revenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.50 668.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.80 668.00 Td (30,350) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.50 668.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.80 668.00 Td (33,006) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.50 668.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.80 668.00 Td (34,270) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 668.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.80 668.00 Td (30,855) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.50 668.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.80 668.00 Td (29,914) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.50 668.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.80 668.00 Td (27,456) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.50 668.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.80 668.00 Td (23,569) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.50 668.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.80 668.00 Td (20,906) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 655.00 Td (Cost of revenues \(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.80 655.00 Td (8,198) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.80 655.00 Td (8,332) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.80 655.00 Td (8,607) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.80 655.00 Td (7,611) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.80 655.00 Td (6,525) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.80 655.00 Td (6,049) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.80 655.00 Td (5,283) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.80 655.00 Td (5,257) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 642.00 Td (Gross profit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.80 642.35 Td (22,152) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.80 642.35 Td (24,674) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.80 642.35 Td (25,663) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.80 642.35 Td (23,244) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.80 642.35 Td (23,389) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.80 642.35 Td (21,407) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.80 642.35 Td (18,286) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.80 642.35 Td (15,649) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 614.00 Td (Operating expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 601.00 Td (Salesandmarketing\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.80 601.00 Td (6,098) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.80 601.00 Td (5,163) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.80 601.00 Td (5,167) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.80 601.00 Td (4,903) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.80 601.00 Td (5,308) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.80 601.00 Td (4,347) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.80 601.00 Td (4,232) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.80 601.00 Td (4,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 588.00 Td (Researchanddevelopment\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.80 588.00 Td (6,044) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.80 588.00 Td (6,573) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.80 588.00 Td (6,530) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.80 588.00 Td (5,548) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.80 588.00 Td (4,865) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.80 588.00 Td (4,756) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.80 588.00 Td (4,299) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.80 588.00 Td (4,133) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 575.00 Td (Generalandadministrative\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.80 575.00 Td (7,745) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.80 575.00 Td (7,547) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.80 575.00 Td (7,975) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.80 575.00 Td (7,586) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.80 575.00 Td (7,406) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.80 575.00 Td (6,023) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.80 575.00 Td (4,496) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.80 575.00 Td (3,676) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 562.00 Td (Total operating expenses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.80 562.35 Td (19,887) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.80 562.35 Td (19,283) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.80 562.35 Td (19,672) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.80 562.35 Td (18,037) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.80 562.35 Td (17,579) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.80 562.35 Td (15,126) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.80 562.35 Td (13,027) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.80 562.35 Td (11,809) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 549.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 536.00 Td (Income from operations) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.80 536.35 Td (2,265) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.80 536.35 Td (5,391) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.80 536.35 Td (5,991) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.80 536.35 Td (5,207) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.80 536.35 Td (5,810) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.80 536.35 Td (6,281) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.80 536.35 Td (5,259) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.80 536.35 Td (3,840) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 523.00 Td (Other income \(expense\), net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.80 523.00 Td (105) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.80 523.00 Td (83) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.80 523.00 Td (151) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.80 523.00 Td (121) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.10 523.00 Td (\(28) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 523.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.80 523.00 Td (23) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.10 523.00 Td (\(18) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.80 523.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 549.10 523.00 Td (\(20) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.80 523.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 510.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 497.00 Td (Income before income taxes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.80 497.00 Td (2,370) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.80 497.00 Td (5,474) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.80 497.00 Td (6,142) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.80 497.00 Td (5,328) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.80 497.00 Td (5,782) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.80 497.00 Td (6,304) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.80 497.00 Td (5,241) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.80 497.00 Td (3,820) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 484.00 Td (Incometaxprovision \(benefit\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.80 484.00 Td (752) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.80 484.00 Td (2,114) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.80 484.00 Td (2,457) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.80 484.00 Td (1,415) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.80 484.00 Td (1,788) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.10 484.00 Td (\(525) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.80 484.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.80 484.00 Td (242) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 547.80 484.00 Td (178) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 471.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 458.00 Td (Net income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.50 458.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.80 458.00 Td (1,618) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.50 458.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.80 458.00 Td (3,360) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.50 458.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.80 458.00 Td (3,685) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 458.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.80 458.00 Td (3,913) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.50 458.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.80 458.00 Td (3,994) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.50 458.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.80 458.00 Td (6,829) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.50 458.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.80 458.00 Td (4,999) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.50 458.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.80 458.00 Td (3,642) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 445.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 432.00 Td (Net income per share) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 419.00 Td (Basic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.50 419.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.80 419.00 Td (0.06) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.50 419.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.80 419.00 Td (0.13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.50 419.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.80 419.00 Td (0.14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 419.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.80 419.00 Td (0.15) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.50 419.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.80 419.00 Td (0.15) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.50 419.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 419.00 Td (0.27) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.50 419.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.80 419.00 Td (0.23) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.50 419.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.80 419.00 Td (0.17) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 406.00 Td (Diluted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.50 406.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.80 406.00 Td (0.06) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.50 406.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.80 406.00 Td (0.12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.50 406.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.80 406.00 Td (0.13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 406.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.80 406.00 Td (0.14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.50 406.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.80 406.00 Td (0.14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.50 406.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 406.00 Td (0.25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.50 406.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.80 406.00 Td (0.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.50 406.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.80 406.00 Td (0.16) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 393.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 372.00 Td (Weighted average common shares used in computing net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 364.00 Td (income per share of common stock:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 351.00 Td (Basic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.80 351.00 Td (27,099) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.80 351.00 Td (26,682) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.80 351.00 Td (26,369) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.80 351.00 Td (26,166) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.80 351.00 Td (25,832) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.80 351.00 Td (25,201) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.80 351.00 Td (21,611) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.80 351.00 Td (21,405) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 338.00 Td (Diluted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.80 338.00 Td (28,902) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.80 338.00 Td (28,623) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 337.80 338.00 Td (28,282) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.80 338.00 Td (27,962) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.80 338.00 Td (27,897) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.80 338.00 Td (27,409) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.80 338.00 Td (23,297) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.80 338.00 Td (22,514) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 310.70 Td (Net income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.50 310.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.80 310.00 Td (1,618) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.50 310.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.80 310.00 Td (3,360) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.50 310.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.80 310.00 Td (3,685) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 310.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.80 310.00 Td (3,913) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.50 310.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.80 310.00 Td (3,994) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.50 310.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.80 310.00 Td (6,829) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.50 310.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.80 310.00 Td (4,999) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.50 310.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.80 310.00 Td (3,642) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 297.70 Td (Other comprehensive income, net of taxes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 268.00 Td (Unrealized gain \(loss\) on investments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.80 268.00 Td (17) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.80 268.00 Td (137) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.10 268.00 Td (\(28) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.80 268.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.10 268.00 Td (\(95) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.80 268.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.10 268.00 Td (\(65) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 268.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.80 268.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.80 268.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 551.80 268.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 64.50 255.00 Td (Comprehensive income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.50 255.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.80 255.00 Td (1,635) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.50 255.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.80 255.00 Td (3,497) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.50 255.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.80 255.00 Td (3,657) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.50 255.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.80 255.00 Td (3,818) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.50 255.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.80 255.00 Td (3,929) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.50 255.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.80 255.00 Td (6,829) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.50 255.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.80 255.00 Td (4,999) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.50 255.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.80 255.00 Td (3,642) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 159.75 198.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 159.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 159.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 159.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 159.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 159.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 159.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 159.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 159.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 129.75 198.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 129.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.00 129.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 129.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.00 129.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.00 129.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 129.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.00 129.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 129.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 129.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.00 129.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 129.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 129.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 129.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.00 129.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 129.75 35.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 210.75 m 283 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 210.75 m 288 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 210.75 m 323 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 210.75 m 328 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 210.75 m 363 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 210.75 m 368 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 210.75 m 403 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 210.75 m 408 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 210.75 m 443 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 210.75 m 448 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 210.75 m 483 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 210.75 m 488 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 210.75 m 523 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523 210.75 m 528 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 210.75 m 563 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 210.75 m 283 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 189.75 m 283 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283 210.75 m 288 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 210.75 m 323 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 189.75 m 323 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 210.75 m 328 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 210.75 m 363 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 189.75 m 363 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 210.75 m 368 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 210.75 m 403 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 189.75 m 403 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 210.75 m 408 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 210.75 m 443 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 189.75 m 443 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443 210.75 m 448 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 210.75 m 483 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 189.75 m 483 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 210.75 m 488 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 210.75 m 523 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 189.75 m 523 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523 210.75 m 528 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 210.75 m 563 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 189.75 m 563 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 114.75 m 283 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 114.75 m 323 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 114.75 m 363 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 114.75 m 403 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 114.75 m 443 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 114.75 m 483 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 114.75 m 523 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 114.75 m 563 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 114.75 m 283 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 100.75 m 283 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 98.75 m 283 98.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 114.75 m 323 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 100.75 m 323 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 98.75 m 323 98.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 114.75 m 363 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 100.75 m 363 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328 98.75 m 363 98.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 114.75 m 403 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 100.75 m 403 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368 98.75 m 403 98.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 114.75 m 443 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 100.75 m 443 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 98.75 m 443 98.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 114.75 m 483 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 100.75 m 483 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 98.75 m 483 98.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 114.75 m 523 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 100.75 m 523 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488 98.75 m 523 98.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 114.75 m 563 114.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 100.75 m 563 100.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 98.75 m 563 98.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 230.00 Td (\(1\) Stock-based compensation included in the above line items:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 215.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.95 214.98 Td (Three months ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 194.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 252.55 201.98 Td (Dec 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.00 193.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 285.50 193.98 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.75 201.98 Td (Sep 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 297.00 193.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 325.50 193.98 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.55 201.98 Td (Jun 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 337.00 193.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 365.50 193.98 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.50 201.98 Td (Mar 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.00 193.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.50 193.98 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 412.55 201.98 Td (Dec 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.00 193.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.50 193.98 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 452.75 201.98 Td (Sep 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 457.00 193.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 485.50 193.98 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.55 201.98 Td (Jun 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.00 193.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.50 193.98 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.50 201.98 Td (Mar 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.00 193.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 179.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.30 178.98 Td (\(unaudited, in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 164.00 Td (Cost of revenues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.50 164.00 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.80 164.00 Td (260) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 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Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 409.43 Td (CONTROLS AND PROCEDURES) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 381.25 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 98.68 381.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.51 381.25 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 149.33 381.25 Td (e ) Tj ET Q q 0 0 0 rg BT 156.27 381.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 181.64 381.25 Td (ols ) Tj ET Q q 0 0 0 rg BT 195.81 381.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.43 381.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 224.80 381.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 254.06 381.25 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 364.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.69 364.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 149.93 364.25 Td (with ) Tj ET Q q 0 0 0 rg BT 171.35 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.21 364.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 241.39 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.36 364.25 Td (our ) Tj ET Q q 0 0 0 rg BT 270.33 364.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 296.19 364.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 339.81 364.25 Td (Of) Tj ET Q q 0 0 0 rg BT 350.18 364.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 372.14 364.25 Td (and ) Tj ET Q q 0 0 0 rg BT 390.22 364.25 Td (our ) Tj ET Q q 0 0 0 rg BT 407.20 364.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 433.06 364.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 473.91 364.25 Td (Of) Tj ET Q q 0 0 0 rg BT 484.28 364.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 502.20 364.25 Td (, ) Tj ET Q q 0 0 0 rg BT 508.34 364.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 550.29 364.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 352.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 352.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 103.82 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.45 352.25 Td (our ) Tj ET Q q 0 0 0 rg BT 130.09 352.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 172.94 352.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 207.46 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.20 352.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 270.37 352.25 Td (as ) Tj ET Q q 0 0 0 rg BT 281.01 352.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.64 352.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 350.03 352.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.03 352.25 Td (. ) Tj ET Q q 0 0 0 rg BT 374.67 352.25 Td (The ) Tj ET Q q 0 0 0 rg BT 392.52 352.25 Td (term ) Tj ET Q q 0 0 0 rg BT 413.15 352.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 460.44 352.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 494.96 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.71 352.25 Td (procedures, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 340.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.20 340.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 92.55 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 102.70 340.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 127.84 340.25 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 169.08 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.88 340.25 Td (15d-15\(e\) ) Tj ET Q q 0 0 0 rg BT 227.68 340.25 Td (under ) Tj ET Q q 0 0 0 rg BT 252.81 340.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.40 340.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 308.67 340.25 Td (Act) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.10 340.25 Td (, ) Tj ET Q q 0 0 0 rg BT 327.97 340.25 Td (means ) Tj ET Q q 0 0 0 rg BT 355.88 340.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 390.47 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.27 340.25 Td (other ) Tj ET Q q 0 0 0 rg BT 430.19 340.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 476.42 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.12 340.25 Td (a ) Tj ET Q q 0 0 0 rg BT 493.93 340.25 Td (company ) Tj ET Q q 0 0 0 rg BT 532.95 340.25 Td (that ) Tj ET Q q 0 0 0 rg BT 550.31 340.25 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 328.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 87.01 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.75 328.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 124.81 328.25 Td (that ) Tj ET Q q 0 0 0 rg BT 141.77 328.25 Td (information ) Tj ET Q q 0 0 0 rg BT 190.94 328.25 Td (required ) Tj ET Q q 0 0 0 rg BT 226.22 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 235.96 328.25 Td (be ) Tj ET Q q 0 0 0 rg BT 247.36 328.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 286.54 328.25 Td (by ) Tj ET Q q 0 0 0 rg BT 298.50 328.25 Td (a ) Tj ET Q q 0 0 0 rg BT 304.90 328.25 Td (company ) Tj ET Q q 0 0 0 rg BT 343.52 328.25 Td (in ) Tj ET Q q 0 0 0 rg BT 353.26 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.44 328.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 397.17 328.25 Td (that ) Tj ET Q q 0 0 0 rg BT 414.12 328.25 Td (it ) Tj ET Q q 0 0 0 rg BT 421.64 328.25 Td (files ) Tj ET Q q 0 0 0 rg BT 440.82 328.25 Td (or ) Tj ET Q q 0 0 0 rg BT 451.11 328.25 Td (submits ) Tj ET Q q 0 0 0 rg BT 484.19 328.25 Td (under ) Tj ET Q q 0 0 0 rg BT 508.92 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.10 328.25 Td (Exchange ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 316.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 66.43 316.25 Td (is ) Tj ET Q q 0 0 0 rg BT 75.59 316.25 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 115.55 316.25 Td (processed, ) Tj ET Q q 0 0 0 rg BT 159.97 316.25 Td (summarized ) Tj ET Q q 0 0 0 rg BT 211.33 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.26 316.25 Td (reported, ) Tj ET Q q 0 0 0 rg BT 266.56 316.25 Td (within ) Tj ET Q q 0 0 0 rg BT 294.61 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.32 316.25 Td (time ) Tj ET Q q 0 0 0 rg BT 329.58 316.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 361.51 316.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 400.09 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 410.36 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.06 316.25 Td (SEC) Tj ET Q q 0 0 0 rg BT 446.18 316.25 Td (s ) Tj ET Q q 0 0 0 rg BT 452.56 316.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 474.49 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.42 316.25 Td (forms. ) Tj ET Q q 0 0 0 rg BT 519.74 316.25 Td (Disclosure ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 304.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 84.59 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.90 304.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 148.63 304.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 183.44 304.25 Td (without ) Tj ET Q q 0 0 0 rg BT 216.86 304.25 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 261.12 304.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 296.21 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.52 304.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 360.25 304.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 398.67 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.32 304.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 438.29 304.25 Td (that ) Tj ET Q q 0 0 0 rg BT 456.15 304.25 Td (information ) Tj ET Q q 0 0 0 rg BT 506.23 304.25 Td (required ) Tj ET Q q 0 0 0 rg BT 542.42 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 304.25 Td (be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 292.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 89.62 292.25 Td (by ) Tj ET Q q 0 0 0 rg BT 102.53 292.25 Td (a ) Tj ET Q q 0 0 0 rg BT 109.87 292.25 Td (company ) Tj ET Q q 0 0 0 rg BT 149.43 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 160.12 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.24 292.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 205.91 292.25 Td (that ) Tj ET Q q 0 0 0 rg BT 223.81 292.25 Td (it ) Tj ET Q q 0 0 0 rg BT 232.27 292.25 Td (files ) Tj ET Q q 0 0 0 rg BT 252.40 292.25 Td (or ) Tj ET Q q 0 0 0 rg BT 263.63 292.25 Td (submits ) Tj ET Q q 0 0 0 rg BT 297.65 292.25 Td (under ) Tj ET Q q 0 0 0 rg BT 323.33 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.45 292.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 380.14 292.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 397.48 292.25 Td (is ) Tj ET Q q 0 0 0 rg BT 407.06 292.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 460.49 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 477.83 292.25 Td (communicated ) Tj ET Q q 0 0 0 rg BT 539.61 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 292.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 280.25 Td (company) Tj ET Q q 0 0 0 rg BT 88.93 280.25 Td (s ) Tj ET Q q 0 0 0 rg BT 94.86 280.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 150.49 280.25 Td (including ) Tj ET Q q 0 0 0 rg BT 190.30 280.25 Td (its ) Tj ET Q q 0 0 0 rg BT 201.79 280.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 239.37 280.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 279.72 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.20 280.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 333.78 280.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 370.80 280.25 Td (of) Tj ET Q q 0 0 0 rg BT 378.95 280.25 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 405.69 280.25 Td (as ) Tj ET Q q 0 0 0 rg BT 416.06 280.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 463.63 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.45 280.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 497.70 280.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 525.29 280.25 Td (decisions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 89.32 268.25 Td (required ) Tj ET Q q 0 0 0 rg BT 124.13 268.25 Td (disclosure. ) Tj ET Q q 0 0 0 rg BT 168.68 268.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 222.39 268.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 266.64 268.25 Td (that ) Tj ET Q q 0 0 0 rg BT 283.14 268.25 Td (any ) Tj ET Q q 0 0 0 rg BT 299.08 268.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 332.80 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.74 268.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 396.60 268.25 Td (no ) Tj ET Q q 0 0 0 rg BT 408.11 268.25 Td (matter ) Tj ET Q q 0 0 0 rg BT 435.15 268.25 Td (how ) Tj ET Q q 0 0 0 rg BT 453.87 268.25 Td (well ) Tj ET Q q 0 0 0 rg BT 472.59 268.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 509.64 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.58 268.25 Td (operated, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 256.25 Td (can ) Tj ET Q q 0 0 0 rg BT 65.14 256.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 97.45 256.25 Td (only ) Tj ET Q q 0 0 0 rg BT 116.99 256.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 161.50 256.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 202.13 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.22 256.25 Td (achieving ) Tj ET Q q 0 0 0 rg BT 252.86 256.25 Td (their ) Tj ET Q q 0 0 0 rg BT 272.94 256.25 Td (objectives ) Tj ET Q q 0 0 0 rg BT 315.25 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.45 256.25 Td (management ) Tj ET Q q 0 0 0 rg BT 384.30 256.25 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 430.48 256.25 Td (applies ) Tj ET Q q 0 0 0 rg BT 460.57 256.25 Td (its ) Tj ET Q q 0 0 0 rg BT 471.78 256.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 511.32 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 520.86 256.25 Td (evaluating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.55 244.25 Td (cost-benefit ) Tj ET Q q 0 0 0 rg BT 112.59 244.25 Td (relationship ) Tj ET Q q 0 0 0 rg BT 161.64 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.80 244.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 206.42 244.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 240.47 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 256.75 244.25 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 304.95 244.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 331.22 244.25 Td (on ) Tj ET Q q 0 0 0 rg BT 343.06 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.11 244.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 400.60 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.76 244.25 Td (our ) Tj ET Q q 0 0 0 rg BT 425.93 244.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 468.31 244.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 502.37 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.64 244.25 Td (procedures ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 232.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.17 232.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.83 232.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 129.25 232.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.25 232.25 Td (, ) Tj ET Q q 0 0 0 rg BT 154.09 232.25 Td (our ) Tj ET Q q 0 0 0 rg BT 169.76 232.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 194.31 232.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 236.63 232.25 Td (Of) Tj ET Q q 0 0 0 rg BT 247.00 232.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 267.65 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.42 232.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 308.98 232.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 348.53 232.25 Td (Of) Tj ET Q q 0 0 0 rg BT 358.90 232.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 379.55 232.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 422.98 232.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 442.81 232.25 Td (as ) Tj ET Q q 0 0 0 rg BT 453.48 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.14 232.25 Td (such ) Tj ET Q q 0 0 0 rg BT 484.81 232.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 506.30 232.25 Td (our ) Tj ET Q q 0 0 0 rg BT 521.97 232.25 Td (disclosure ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 220.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 84.22 220.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.16 220.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 147.52 220.25 Td (were ) Tj ET Q q 0 0 0 rg BT 169.45 220.25 Td (ef) Tj ET Q q 0 0 0 rg BT 177.04 220.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 206.74 220.25 Td (at ) Tj ET Q q 0 0 0 rg BT 216.46 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.17 220.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 276.43 220.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 317.80 220.25 Td (level.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 196.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 108.10 196.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 140.59 196.25 Td (on ) Tj ET Q q 0 0 0 rg BT 153.65 196.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 191.15 196.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 216.52 196.25 Td (ol ) Tj ET Q q 0 0 0 rg BT 226.80 196.25 Td (Over) Tj ET Q q 0 0 0 rg BT 248.27 196.25 Td ( ) Tj ET Q q 0 0 0 rg BT 250.77 196.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 293.28 196.25 Td (Reporting) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 179.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 90.59 179.25 Td (management ) Tj ET Q q 0 0 0 rg BT 143.21 179.25 Td (is ) Tj ET Q q 0 0 0 rg BT 151.42 179.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 198.51 179.25 Td (for ) Tj ET Q q 0 0 0 rg BT 211.70 179.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 261.01 179.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.99 179.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 326.29 179.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 363.36 179.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 395.44 179.25 Td (control ) Tj ET Q q 0 0 0 rg BT 425.31 179.25 Td (over ) Tj ET Q q 0 0 0 rg BT 444.61 179.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 481.13 179.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 519.32 179.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 532.52 179.25 Td (defined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 167.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.18 167.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 83.85 167.25 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 123.51 167.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.85 167.25 Td (15d-15\(f\) ) Tj ET Q q 0 0 0 rg BT 180.07 167.25 Td (under ) Tj ET Q q 0 0 0 rg BT 204.73 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.85 167.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 259.75 167.25 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 279.42 167.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.10 167.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 321.54 167.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 366.19 167.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 406.96 167.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 447.17 167.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.29 167.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 502.06 167.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.29 167.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.52 167.25 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 155.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 87.92 155.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.12 155.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.10 155.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 165.39 155.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.49 155.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 227.79 155.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 264.53 155.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 308.51 155.25 Td (for ) Tj ET Q q 0 0 0 rg BT 321.93 155.25 Td (external ) Tj ET Q q 0 0 0 rg BT 355.90 155.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 393.21 155.25 Td (in ) Tj ET Q q 0 0 0 rg BT 402.75 155.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 449.48 155.25 Td (with ) Tj ET Q q 0 0 0 rg BT 469.02 155.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 488.56 155.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 527.53 155.25 Td (accepted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 143.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 95.87 143.25 Td (principles.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 126.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 129.05 126.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 166.28 126.25 Td (our ) Tj ET Q q 0 0 0 rg BT 182.96 126.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 216.85 126.25 Td (control ) Tj ET Q q 0 0 0 rg BT 248.53 126.25 Td (over ) Tj ET Q q 0 0 0 rg BT 269.65 126.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 307.98 126.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 347.98 126.25 Td (as ) Tj ET Q q 0 0 0 rg BT 359.66 126.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.34 126.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 430.78 126.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.78 126.25 Td (, ) Tj ET Q q 0 0 0 rg BT 456.63 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.19 126.25 Td (end ) Tj ET Q q 0 0 0 rg BT 489.98 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.66 126.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.34 126.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 543.34 126.25 Td (year) Tj ET Q q 0 0 0 rg BT 560.00 126.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 114.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 103.28 114.25 Td (based ) Tj ET Q q 0 0 0 rg BT 127.63 114.25 Td (its ) Tj ET Q q 0 0 0 rg BT 138.66 114.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 184.68 114.25 Td (on ) Tj ET Q q 0 0 0 rg BT 196.26 114.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 226.15 114.25 Td (established ) Tj ET Q q 0 0 0 rg BT 272.16 114.25 Td (in ) Tj ET Q q 0 0 0 rg BT 281.52 114.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 314.19 114.25 Td (Control-Integrated ) Tj ET Q q 0 0 0 rg BT 390.19 114.25 Td (Framework ) Tj ET Q q 0 0 0 rg BT 437.87 114.25 Td (\(1992\) ) Tj ET Q q 0 0 0 rg BT 466.11 114.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 492.69 114.25 Td (by ) Tj ET Q q 0 0 0 rg BT 504.27 114.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.06 114.25 Td (Committee ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 102.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.71 102.25 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 109.14 102.25 Td (Or) Tj ET Q q 0 0 0 rg BT 119.51 102.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 167.93 102.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.13 102.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.02 102.25 Td (T) Tj ET Q q 0 0 0 rg BT 199.78 102.25 Td (readway ) Tj ET Q q 0 0 0 rg BT 236.52 102.25 Td (Commission. ) Tj ET Q q 0 0 0 rg BT 292.46 102.25 Td (Management) Tj ET Q q 0 0 0 rg BT 347.44 102.25 Td (s ) Tj ET Q q 0 0 0 rg BT 354.21 102.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 401.52 102.25 Td (included ) Tj ET Q q 0 0 0 rg BT 438.83 102.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 483.35 102.25 Td (of ) Tj ET Q q 0 0 0 rg BT 494.56 102.25 Td (elements ) Tj ET Q q 0 0 0 rg BT 532.98 102.25 Td (such ) Tj ET Q q 0 0 0 rg BT 554.18 102.25 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 90.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.66 90.25 Td (design ) Tj ET Q q 0 0 0 rg BT 93.72 90.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.10 90.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 151.81 90.25 Td (ef) Tj ET Q q 0 0 0 rg BT 159.40 90.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 206.77 90.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.04 90.25 Td (key ) Tj ET Q q 0 0 0 rg BT 235.43 90.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 273.35 90.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 312.96 90.25 Td (controls, ) Tj ET Q q 0 0 0 rg BT 350.62 90.25 Td (process ) Tj ET Q q 0 0 0 rg BT 383.55 90.25 Td (documentation, ) Tj ET Q q 0 0 0 rg BT 448.43 90.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 495.25 90.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 531.80 90.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.18 90.25 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 78.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 79.76 78.25 Td (control ) Tj ET Q q 0 0 0 rg BT 110.59 78.25 Td (environment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 61.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 100.60 61.25 Td (on ) Tj ET Q q 0 0 0 rg BT 113.25 61.25 Td (our ) Tj ET Q q 0 0 0 rg BT 129.24 61.25 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 178.84 61.25 Td (management ) Tj ET Q q 0 0 0 rg BT 232.58 61.25 Td (has ) Tj ET Q q 0 0 0 rg BT 248.57 61.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 292.32 61.25 Td (that ) Tj ET Q q 0 0 0 rg BT 309.98 61.25 Td (our ) Tj ET Q q 0 0 0 rg BT 325.96 61.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 359.16 61.25 Td (control ) Tj ET Q q 0 0 0 rg BT 390.15 61.25 Td (over ) Tj ET Q q 0 0 0 rg BT 410.57 61.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 448.21 61.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 487.52 61.25 Td (was ) Tj ET Q q 0 0 0 rg BT 505.73 61.25 Td (ef) Tj ET Q q 0 0 0 rg BT 513.32 61.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 543.18 61.25 Td (as ) Tj ET Q q 0 0 0 rg BT 554.17 61.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 49.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 49.25 Td (end ) Tj ET Q q 0 0 0 rg BT 82.17 49.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.50 49.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.72 49.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 133.38 49.25 Td (year ) Tj ET Q q 0 0 0 rg BT 153.60 49.25 Td (to ) Tj ET Q q 0 0 0 rg BT 164.38 49.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 197.93 49.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 243.69 49.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 285.56 49.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 326.89 49.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.11 49.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 383.99 49.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.33 49.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 433.31 49.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 472.97 49.25 Td (and ) Tj ET Q q 0 0 0 rg BT 490.42 49.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.64 49.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 554.18 49.25 Td (of ) Tj ET Q endstream endobj 163 0 obj <> endobj 164 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (79) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 101.68 740.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 138.30 740.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 182.15 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 195.44 740.10 Td (external ) Tj ET Q q 0 0 0 rg BT 229.28 740.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 267.58 740.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 304.76 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.18 740.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 360.78 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 380.19 740.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 399.61 740.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 438.45 740.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 475.06 740.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 520.57 740.10 Td (principles. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 728.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.08 728.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 104.22 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.94 728.10 Td (results ) Tj ET Q q 0 0 0 rg BT 147.55 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.38 728.10 Td (management) Tj ET Q q 0 0 0 rg BT 212.24 728.10 Td (s ) Tj ET Q q 0 0 0 rg BT 218.64 728.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 265.57 728.10 Td (with ) Tj ET Q q 0 0 0 rg BT 285.85 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.02 728.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 325.30 728.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 372.23 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.06 728.10 Td (our ) Tj ET Q q 0 0 0 rg BT 398.89 728.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 425.83 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.66 728.10 Td (Directors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 711.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.08 711.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 143.97 711.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 186.42 711.10 Td (public ) Tj ET Q q 0 0 0 rg BT 214.44 711.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 261.33 711.10 Td (firm, ) Tj ET Q q 0 0 0 rg BT 284.08 711.10 Td (Grant ) Tj ET Q q 0 0 0 rg BT 309.65 711.10 Td (Thornton ) Tj ET Q q 0 0 0 rg BT 349.89 711.10 Td (LLP) Tj ET Q q 0 0 0 rg BT 366.56 711.10 Td (, ) Tj ET Q q 0 0 0 rg BT 372.08 711.10 Td (independently ) Tj ET Q q 0 0 0 rg BT 431.76 711.10 Td (assessed ) Tj ET Q q 0 0 0 rg BT 468.66 711.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.90 711.10 Td (ef) Tj ET Q q 0 0 0 rg BT 491.49 711.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 538.94 711.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 711.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 699.10 Td (company) Tj ET Q q 0 0 0 rg BT 88.93 699.10 Td (s ) Tj ET Q q 0 0 0 rg BT 95.14 699.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 128.00 699.10 Td (control ) Tj ET Q q 0 0 0 rg BT 158.64 699.10 Td (over ) Tj ET Q q 0 0 0 rg BT 178.72 699.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 216.01 699.10 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 257.48 699.10 Td (as ) Tj ET Q q 0 0 0 rg BT 268.13 699.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 293.77 699.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.86 699.10 Td (their ) Tj ET Q q 0 0 0 rg BT 324.50 699.10 Td (attestation ) Tj ET Q q 0 0 0 rg BT 367.91 699.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 396.60 699.10 Td (which ) Tj ET Q q 0 0 0 rg BT 423.36 699.10 Td (is ) Tj ET Q q 0 0 0 rg BT 432.34 699.10 Td (included ) Tj ET Q q 0 0 0 rg BT 469.09 699.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.18 699.10 Td (PartII, ) Tj ET Q q 0 0 0 rg BT 509.27 699.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 537.41 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.05 699.10 Td (this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 687.10 Td (Form10-K.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 88.67 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.51 658.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 137.01 658.10 Td (Contr) Tj ET Q q 0 0 0 rg BT 162.39 658.10 Td (ol ) Tj ET Q q 0 0 0 rg BT 172.66 658.10 Td (over) Tj ET Q q 0 0 0 rg BT 191.36 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.86 658.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 236.37 658.10 Td (Reporting) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 641.10 Td (There ) Tj ET Q q 0 0 0 rg BT 99.61 641.10 Td (was ) Tj ET Q q 0 0 0 rg BT 117.96 641.10 Td (no ) Tj ET Q q 0 0 0 rg BT 130.75 641.10 Td (change ) Tj ET Q q 0 0 0 rg BT 161.86 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.43 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 188.56 641.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 221.89 641.10 Td (control ) Tj ET Q q 0 0 0 rg BT 253.01 641.10 Td (over ) Tj ET Q q 0 0 0 rg BT 273.58 641.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 311.35 641.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 350.80 641.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 391.92 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.49 641.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 449.16 641.10 Td (with ) Tj ET Q q 0 0 0 rg BT 469.73 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.74 641.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 529.18 641.10 Td (required ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.19 629.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 83.76 629.10 Td (13a-15\(d\) ) Tj ET Q q 0 0 0 rg BT 125.88 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.01 629.10 Td (15d-15\(d\) ) Tj ET Q q 0 0 0 rg BT 185.68 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.70 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.61 629.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 253.13 629.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 270.25 629.10 Td (that ) Tj ET Q q 0 0 0 rg BT 287.94 629.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 325.60 629.10 Td (during ) Tj ET Q q 0 0 0 rg BT 354.40 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.30 629.10 Td (period ) Tj ET Q q 0 0 0 rg BT 397.53 629.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 431.87 629.10 Td (by ) Tj ET Q q 0 0 0 rg BT 444.56 629.10 Td (this ) Tj ET Q q 0 0 0 rg BT 461.69 629.10 Td (report ) Tj ET Q q 0 0 0 rg BT 488.26 629.10 Td (that ) Tj ET Q q 0 0 0 rg BT 505.94 629.10 Td (has ) Tj ET Q q 0 0 0 rg BT 521.96 629.10 Td (materially ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 617.10 Td (fected, ) Tj ET Q q 0 0 0 rg BT 86.51 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 97.34 617.10 Td (is ) Tj ET Q q 0 0 0 rg BT 106.51 617.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 152.33 617.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 177.60 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.88 617.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 230.92 617.10 Td (af) Tj ET Q q 0 0 0 rg BT 238.50 617.10 Td (fect, ) Tj ET Q q 0 0 0 rg BT 258.49 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 274.32 617.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 307.36 617.10 Td (control ) Tj ET Q q 0 0 0 rg BT 338.19 617.10 Td (over ) Tj ET Q q 0 0 0 rg BT 358.46 617.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 395.94 617.10 Td (reporting.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 596.28 Td (ITEM9B.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 596.28 Td (OTHER INFORMATION) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 568.10 Td (None.) Tj ET Q endstream endobj 165 0 obj <> endobj 166 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (80) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 285.90 720.45 Td (P) Tj ET Q q 0 0 0 rg BT 291.27 720.45 Td (AR) Tj ET Q q 0 0 0 rg BT 305.36 720.45 Td (T) Tj ET Q q 0 0 0 rg BT 311.85 720.45 Td ( III) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 687.63 Td (ITEM10.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 687.63 Td (DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 666.45 Td (The ) Tj ET Q q 0 0 0 rg BT 91.50 666.45 Td (information ) Tj ET Q q 0 0 0 rg BT 141.17 666.45 Td (under ) Tj ET Q q 0 0 0 rg BT 166.40 666.45 Td (the ) Tj ET Q q 0 0 0 rg BT 181.07 666.45 Td (captions ) Tj ET Q q 0 0 0 rg BT 216.86 666.45 Td (Election ) Tj ET Q q 0 0 0 rg BT 257.07 666.45 Td (of ) Tj ET Q q 0 0 0 rg BT 267.86 666.45 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 314.46 666.45 Td (Section ) Tj ET Q q 0 0 0 rg BT 351.35 666.45 Td (16\(a\) ) Tj ET Q q 0 0 0 rg BT 374.91 666.45 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 418.46 666.45 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 464.80 666.45 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 507.25 666.45 Td (Compliance, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 654.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 113.86 654.45 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 159.90 654.45 Td (and ) Tj ET Q q 0 0 0 rg BT 176.01 654.45 Td (Analysis, ) Tj ET Q q 0 0 0 rg BT 220.09 654.45 Td (Report ) Tj ET Q q 0 0 0 rg BT 253.89 654.45 Td (of ) Tj ET Q q 0 0 0 rg BT 264.37 654.45 Td (the ) Tj ET Q q 0 0 0 rg BT 278.26 654.45 Td (Audit ) Tj ET Q q 0 0 0 rg BT 303.18 654.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 349.77 654.45 Td (of ) Tj ET Q q 0 0 0 rg BT 360.24 654.45 Td (the ) Tj ET Q q 0 0 0 rg BT 374.60 654.45 Td (Board ) Tj ET Q q 0 0 0 rg BT 401.19 654.45 Td (of ) Tj ET Q q 0 0 0 rg BT 411.67 654.45 Td (Directors ) Tj ET Q q 0 0 0 rg BT 455.46 654.45 Td (and ) Tj ET Q q 0 0 0 rg BT 472.04 654.45 Td (Certain ) Tj ET Q q 0 0 0 rg BT 508.06 654.45 Td (Relationships ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 642.45 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 642.45 Td (Related ) Tj ET Q q 0 0 0 rg BT 99.30 642.45 Td (T) Tj ET Q q 0 0 0 rg BT 105.06 642.45 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 156.98 642.45 Td (in ) Tj ET Q q 0 0 0 rg BT 167.26 642.45 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.09 642.45 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.09 642.45 Td ( ) Tj ET Q q 0 0 0 rg BT 205.59 642.45 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 231.98 642.45 Td (Statement ) Tj ET Q q 0 0 0 rg BT 274.47 642.45 Td (is ) Tj ET Q q 0 0 0 rg BT 283.64 642.45 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 336.67 642.45 Td (herein ) Tj ET Q q 0 0 0 rg BT 364.16 642.45 Td (by ) Tj ET Q q 0 0 0 rg BT 376.66 642.45 Td (reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 609.63 Td (ITEM11.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 609.63 Td (EXECUTIVE COMPENSATION) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 588.45 Td (The ) Tj ET Q q 0 0 0 rg BT 91.13 588.45 Td (information ) Tj ET Q q 0 0 0 rg BT 140.42 588.45 Td (under ) Tj ET Q q 0 0 0 rg BT 165.27 588.45 Td (the ) Tj ET Q q 0 0 0 rg BT 179.57 588.45 Td (captions ) Tj ET Q q 0 0 0 rg BT 214.98 588.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 279.28 588.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 325.80 588.45 Td (Interlocks ) Tj ET Q q 0 0 0 rg BT 367.87 588.45 Td (and ) Tj ET Q q 0 0 0 rg BT 384.39 588.45 Td (Insider ) Tj ET Q q 0 0 0 rg BT 414.24 588.45 Td (Participation, ) Tj ET Q q 0 0 0 rg BT 474.36 588.45 Td (Risk ) Tj ET Q q 0 0 0 rg BT 498.76 588.45 Td (Assessment ) Tj ET Q q 0 0 0 rg BT 548.06 588.45 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 576.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.06 576.45 Td (Practices, ) Tj ET Q q 0 0 0 rg BT 155.88 576.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 220.87 576.45 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 267.55 576.45 Td (and ) Tj ET Q q 0 0 0 rg BT 284.16 576.45 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 326.39 576.45 Td (and ) Tj ET Q q 0 0 0 rg BT 343.61 576.45 Td (Report ) Tj ET Q q 0 0 0 rg BT 378.05 576.45 Td (of ) Tj ET Q q 0 0 0 rg BT 389.17 576.45 Td (the ) Tj ET Q q 0 0 0 rg BT 404.17 576.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 464.73 576.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 511.95 576.45 Td (of ) Tj ET Q q 0 0 0 rg BT 523.07 576.45 Td (the ) Tj ET Q q 0 0 0 rg BT 538.07 576.45 Td (Board ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 564.45 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 564.45 Td (Directors ) Tj ET Q q 0 0 0 rg BT 100.04 564.45 Td (on ) Tj ET Q q 0 0 0 rg BT 112.54 564.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 155.02 564.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 219.73 564.45 Td (in ) Tj ET Q q 0 0 0 rg BT 230.01 564.45 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.84 564.45 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.84 564.45 Td ( ) Tj ET Q q 0 0 0 rg BT 268.34 564.45 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 294.73 564.45 Td (Statement ) Tj ET Q q 0 0 0 rg BT 337.22 564.45 Td (is ) Tj ET Q q 0 0 0 rg BT 346.39 564.45 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 399.42 564.45 Td (herein ) Tj ET Q q 0 0 0 rg BT 426.91 564.45 Td (by ) Tj ET Q q 0 0 0 rg BT 439.41 564.45 Td (reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 532.68 Td (ITEM12.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 532.68 Td (SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 522.68 Td (RELATED STOCKHOLDER MATTERS) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 500.45 Td (The ) Tj ET Q q 0 0 0 rg BT 93.79 500.45 Td (information ) Tj ET Q q 0 0 0 rg BT 145.74 500.45 Td (under ) Tj ET Q q 0 0 0 rg BT 173.25 500.45 Td (the ) Tj ET Q q 0 0 0 rg BT 190.21 500.45 Td (captions ) Tj ET Q q 0 0 0 rg BT 228.28 500.45 Td (Security ) Tj ET Q q 0 0 0 rg BT 270.79 500.45 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 319.41 500.45 Td (of ) Tj ET Q q 0 0 0 rg BT 332.48 500.45 Td (Certain ) Tj ET Q q 0 0 0 rg BT 366.66 500.45 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 412.49 500.45 Td (Owners ) Tj ET Q q 0 0 0 rg BT 448.33 500.45 Td (and ) Tj ET Q q 0 0 0 rg BT 467.52 500.45 Td (Management, ) Tj ET Q q 0 0 0 rg BT 531.40 500.45 Td (Equity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 488.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 109.91 488.45 Td (Plan ) Tj ET Q q 0 0 0 rg BT 130.32 488.45 Td (Information, ) Tj ET Q q 0 0 0 rg BT 187.65 488.45 Td (Section ) Tj ET Q q 0 0 0 rg BT 224.71 488.45 Td (16\(a\) ) Tj ET Q q 0 0 0 rg BT 248.45 488.45 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 292.17 488.45 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 338.68 488.45 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 381.31 488.45 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 436.70 488.45 Td (and ) Tj ET Q q 0 0 0 rg BT 453.77 488.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 518.61 488.45 Td (Discussion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 476.45 Td (and ) Tj ET Q q 0 0 0 rg BT 65.89 476.45 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 107.83 476.45 Td (in ) Tj ET Q q 0 0 0 rg BT 118.10 476.45 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.93 476.45 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.93 476.45 Td ( ) Tj ET Q q 0 0 0 rg BT 156.43 476.45 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 182.83 476.45 Td (Statement ) Tj ET Q q 0 0 0 rg BT 225.32 476.45 Td (is ) Tj ET Q q 0 0 0 rg BT 234.49 476.45 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 287.52 476.45 Td (herein ) Tj ET Q q 0 0 0 rg BT 315.00 476.45 Td (by ) Tj ET Q q 0 0 0 rg BT 327.50 476.45 Td (reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 444.68 Td (ITEM13.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 444.68 Td (CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 434.68 Td (INDEPENDENCE) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 413.45 Td (The ) Tj ET Q q 0 0 0 rg BT 92.14 413.45 Td (information ) Tj ET Q q 0 0 0 rg BT 142.45 413.45 Td (under ) Tj ET Q q 0 0 0 rg BT 168.31 413.45 Td (the ) Tj ET Q q 0 0 0 rg BT 183.62 413.45 Td (captions ) Tj ET Q q 0 0 0 rg BT 220.04 413.45 Td (Election ) Tj ET Q q 0 0 0 rg BT 260.89 413.45 Td (of ) Tj ET Q q 0 0 0 rg BT 272.31 413.45 Td (Directors ) Tj ET Q q 0 0 0 rg BT 317.05 413.45 Td (and ) Tj ET Q q 0 0 0 rg BT 334.58 413.45 Td (Certain ) Tj ET Q q 0 0 0 rg BT 371.55 413.45 Td (Relationships ) Tj ET Q q 0 0 0 rg BT 429.08 413.45 Td (and ) Tj ET Q q 0 0 0 rg BT 446.62 413.45 Td (Related ) Tj ET Q q 0 0 0 rg BT 480.03 413.45 Td (T) Tj ET Q q 0 0 0 rg BT 485.78 413.45 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 538.30 413.45 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 413.45 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 401.45 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 401.45 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 401.45 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 98.39 401.45 Td (Statement ) Tj ET Q q 0 0 0 rg BT 140.88 401.45 Td (is ) Tj ET Q q 0 0 0 rg BT 150.05 401.45 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 203.08 401.45 Td (herein ) Tj ET Q q 0 0 0 rg BT 230.57 401.45 Td (by ) Tj ET Q q 0 0 0 rg BT 243.07 401.45 Td (reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 368.63 Td (ITEM14.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.50 368.63 Td (PRINCIPAL ACCOUNTING FEES AND SERVICES) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 347.45 Td (The ) Tj ET Q q 0 0 0 rg BT 92.22 347.45 Td (information ) Tj ET Q q 0 0 0 rg BT 142.61 347.45 Td (under ) Tj ET Q q 0 0 0 rg BT 168.55 347.45 Td (the ) Tj ET Q q 0 0 0 rg BT 183.94 347.45 Td (caption ) Tj ET Q q 0 0 0 rg BT 216.55 347.45 Td (Ratification ) Tj ET Q q 0 0 0 rg BT 271.37 347.45 Td (of ) Tj ET Q q 0 0 0 rg BT 282.87 347.45 Td (Selection ) Tj ET Q q 0 0 0 rg BT 323.26 347.45 Td (of ) Tj ET Q q 0 0 0 rg BT 334.76 347.45 Td (Independent ) Tj ET Q q 0 0 0 rg BT 387.36 347.45 Td (Registered ) Tj ET Q q 0 0 0 rg BT 433.29 347.45 Td (Public ) Tj ET Q q 0 0 0 rg BT 461.32 347.45 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 511.15 347.45 Td (Firm ) Tj ET Q q 0 0 0 rg BT 538.21 347.45 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 347.45 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 335.45 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 335.45 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 335.45 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 98.39 335.45 Td (Statement ) Tj ET Q q 0 0 0 rg BT 140.88 335.45 Td (is ) Tj ET Q q 0 0 0 rg BT 150.05 335.45 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 203.08 335.45 Td (herein ) Tj ET Q q 0 0 0 rg BT 230.57 335.45 Td (by ) Tj ET Q q 0 0 0 rg BT 243.07 335.45 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 323.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 306.45 Td (W) Tj ET Q q 0 0 0 rg BT 82.54 306.45 Td (ith ) Tj ET Q q 0 0 0 rg BT 95.70 306.45 Td (the ) Tj ET Q q 0 0 0 rg BT 110.53 306.45 Td (exception ) Tj ET Q q 0 0 0 rg BT 152.01 306.45 Td (of ) Tj ET Q q 0 0 0 rg BT 162.95 306.45 Td (the ) Tj ET Q q 0 0 0 rg BT 177.78 306.45 Td (information ) Tj ET Q q 0 0 0 rg BT 227.60 306.45 Td (specifically ) Tj ET Q q 0 0 0 rg BT 276.30 306.45 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 329.44 306.45 Td (by ) Tj ET Q q 0 0 0 rg BT 342.05 306.45 Td (reference ) Tj ET Q q 0 0 0 rg BT 381.84 306.45 Td (in ) Tj ET Q q 0 0 0 rg BT 392.23 306.45 Td (Part ) Tj ET Q q 0 0 0 rg BT 410.95 306.45 Td (III ) Tj ET Q q 0 0 0 rg BT 423.55 306.45 Td (to ) Tj ET Q q 0 0 0 rg BT 433.94 306.45 Td (this ) Tj ET Q q 0 0 0 rg BT 450.42 306.45 Td (Annual ) Tj ET Q q 0 0 0 rg BT 482.47 306.45 Td (Report ) Tj ET Q q 0 0 0 rg BT 512.30 306.45 Td (on ) Tj ET Q q 0 0 0 rg BT 524.91 306.45 Td (Form ) Tj ET Q q 0 0 0 rg BT 549.19 306.45 Td (10-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 294.45 Td (K ) Tj ET Q q 0 0 0 rg BT 59.22 294.45 Td (from ) Tj ET Q q 0 0 0 rg BT 81.16 294.45 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.99 294.45 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.99 294.45 Td ( ) Tj ET Q q 0 0 0 rg BT 119.49 294.45 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 145.88 294.45 Td (Statement, ) Tj ET Q q 0 0 0 rg BT 190.87 294.45 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.70 294.45 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.70 294.45 Td ( ) Tj ET Q q 0 0 0 rg BT 229.20 294.45 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 255.59 294.45 Td (Statement ) Tj ET Q q 0 0 0 rg BT 298.08 294.45 Td (shall ) Tj ET Q q 0 0 0 rg BT 319.47 294.45 Td (not ) Tj ET Q q 0 0 0 rg BT 334.75 294.45 Td (be ) Tj ET Q q 0 0 0 rg BT 346.69 294.45 Td (deemed ) Tj ET Q q 0 0 0 rg BT 380.28 294.45 Td (to ) Tj ET Q q 0 0 0 rg BT 390.56 294.45 Td (be ) Tj ET Q q 0 0 0 rg BT 402.50 294.45 Td (filed ) Tj ET Q q 0 0 0 rg BT 423.32 294.45 Td (as ) Tj ET Q q 0 0 0 rg BT 434.15 294.45 Td (part ) Tj ET Q q 0 0 0 rg BT 452.20 294.45 Td (of ) Tj ET Q q 0 0 0 rg BT 463.03 294.45 Td (this ) Tj ET Q q 0 0 0 rg BT 479.98 294.45 Td (report.) 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Tj ET Q BT /F2 10.00 Tf ET endstream endobj 173 0 obj <> endobj 174 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (84) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.85 740.25 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 304.78 740.25 Td (TURES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 722.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 110.91 722.25 Td (to ) Tj ET Q q 0 0 0 rg BT 121.11 722.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.74 722.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 190.35 722.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.10 722.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 233.50 722.25 Td (13 ) Tj ET Q q 0 0 0 rg BT 245.92 722.25 Td (or ) Tj ET Q q 0 0 0 rg BT 256.66 722.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 289.07 722.25 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 313.14 722.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.89 722.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.52 722.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 380.36 722.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 421.67 722.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 438.52 722.25 Td (of ) Tj ET Q q 0 0 0 rg BT 449.27 722.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 474.18 722.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.81 722.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 528.99 722.25 Td (has ) Tj ET Q q 0 0 0 rg BT 544.73 722.25 Td (duly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 710.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 79.21 710.25 Td (this ) Tj ET Q q 0 0 0 rg BT 96.16 710.25 Td (report ) Tj ET Q q 0 0 0 rg BT 122.53 710.25 Td (to ) Tj ET Q q 0 0 0 rg BT 132.81 710.25 Td (be ) Tj ET Q q 0 0 0 rg BT 144.75 710.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 173.36 710.25 Td (on ) Tj ET Q q 0 0 0 rg BT 185.86 710.25 Td (its ) Tj ET Q q 0 0 0 rg BT 197.81 710.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 225.29 710.25 Td (by ) Tj ET Q q 0 0 0 rg BT 237.79 710.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.51 710.25 Td (undersigned, ) Tj ET Q q 0 0 0 rg BT 306.38 710.25 Td (thereunto ) Tj ET Q q 0 0 0 rg BT 346.65 710.25 Td (duly ) Tj ET Q q 0 0 0 rg BT 366.93 710.25 Td (authorized.) 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Senior Executive Performance Share Program, filed as Exhibit 10.1 to the Registrants) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.50 346.07 Td (Quarterly Report on Form 10-Q for the quarter ended September 30, 2012, filed with the SEC on) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.50 336.07 Td (November 8, 2012, and incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 310.07 Td (10.17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.50 310.07 Td (Form of Notice of Grant of and Agreement for Performance Shares for Senior Executives under the Ellie) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.50 300.07 Td (Mae, Inc. 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 208.07 Td (10.19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.50 208.07 Td (Form of Notice of Grant of and Grant Agreement for Performance Shares for Senior Executives under the) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.50 198.07 Td (Ellie Mae, Inc. 2013 Senior Executive Performance Share Program and Ellie Mae, Inc. 2011 Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.50 188.07 Td (Incentive Award Plan, filed as Exhibit 10.2 to the Registrants Quarterly Report on Form 10-Q for the) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.50 178.07 Td (quarter ended March 31, 2013, filed with the SEC on May 7, 2013, and incorporated herein by reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 152.07 Td (10.20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.50 152.07 Td (Ellie Mae, Inc. 2014 Senior Executive Performance Share Program.) 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Tj ET Q q 0 0 0 rg BT 248.54 360.45 Td ( ) Tj ET Q q 0 0 0 rg BT 252.37 360.45 Td (The ) Tj ET Q q 0 0 0 rg BT 275.15 360.45 Td (following ) Tj ET Q q 0 0 0 rg BT 325.95 360.45 Td (words ) Tj ET Q q 0 0 0 rg BT 359.41 360.45 Td (and ) Tj ET Q q 0 0 0 rg BT 380.86 360.45 Td (phrases ) Tj ET Q q 0 0 0 rg BT 420.98 360.45 Td (shall ) Tj ET Q q 0 0 0 rg BT 447.77 360.45 Td (have ) Tj ET Q q 0 0 0 rg BT 474.55 360.45 Td (the ) Tj ET Q q 0 0 0 rg BT 493.34 360.45 Td (following ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 346.05 Td (meanings:) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 319.65 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 319.65 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 113.326171875 318.050390625 m 142.65234375 318.050390625 l s q 0 0 0 rg BT 113.33 319.65 Td (Cause) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 142.65 319.65 Td ( ) Tj ET Q q 0 0 0 rg BT 149.63 319.65 Td (shall ) Tj ET Q q 0 0 0 rg BT 173.95 319.65 Td (exist ) Tj ET Q q 0 0 0 rg BT 198.27 319.65 Td (with ) Tj ET Q q 0 0 0 rg BT 221.26 319.65 Td (respect ) Tj ET Q q 0 0 0 rg BT 256.89 319.65 Td (to ) Tj ET Q q 0 0 0 rg BT 267.88 319.65 Td (a ) Tj ET Q q 0 0 0 rg BT 274.86 319.65 Td (Participant ) Tj ET Q q 0 0 0 rg BT 328.49 319.65 Td (if ) Tj ET Q q 0 0 0 rg BT 337.48 319.65 Td (a ) Tj ET Q q 0 0 0 rg BT 344.46 319.65 Td (termination ) Tj ET Q q 0 0 0 rg BT 401.43 319.65 Td (of ) Tj ET Q q 0 0 0 rg BT 413.08 319.65 Td (employment ) Tj ET Q q 0 0 0 rg BT 474.72 319.65 Td (is ) Tj ET Q q 0 0 0 rg BT 484.38 319.65 Td (for ) Tj ET Q q 0 0 0 rg BT 500.03 319.65 Td (Cause ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 305.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 119.39 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.79 305.25 Td (a ) Tj ET Q q 0 0 0 rg BT 146.19 305.25 Td (written ) Tj ET Q q 0 0 0 rg BT 186.25 305.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 242.28 305.25 Td (between ) Tj ET Q q 0 0 0 rg BT 288.33 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.06 305.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 367.11 305.25 Td (and ) Tj ET Q q 0 0 0 rg BT 390.50 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.23 305.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 463.96 305.25 Td (\(an ) Tj ET Q q 0 0 0 rg BT 485.35 305.25 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 490.67578125 303.650390625 m 543 303.650390625 l s q 0 0 0 rg BT 490.68 305.25 Td (Individual ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 72 289.250390625 m 125.30859375 289.250390625 l s q 0 0 0 rg BT 72.00 290.85 Td (Agreement) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 125.31 290.85 Td (\) ) Tj ET Q q 0 0 0 rg BT 138.86 290.85 Td (that ) Tj ET Q q 0 0 0 rg BT 161.09 290.85 Td (is ) Tj ET Q q 0 0 0 rg BT 173.32 290.85 Td (then ) Tj ET Q q 0 0 0 rg BT 198.21 290.85 Td (in ) Tj ET Q q 0 0 0 rg BT 211.78 290.85 Td (ef) Tj ET Q q 0 0 0 rg BT 220.88 290.85 Td (fect ) Tj ET Q q 0 0 0 rg BT 243.09 290.85 Td (or) Tj ET Q q 0 0 0 rg BT 252.61 290.85 Td (, ) Tj ET Q q 0 0 0 rg BT 259.84 290.85 Td (if ) Tj ET Q q 0 0 0 rg BT 271.40 290.85 Td (there ) Tj ET Q q 0 0 0 rg BT 299.61 290.85 Td (is ) Tj ET Q q 0 0 0 rg BT 311.85 290.85 Td (no ) Tj ET Q q 0 0 0 rg BT 328.08 290.85 Td (Individual ) Tj ET Q q 0 0 0 rg BT 380.70 290.85 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 438.24 290.85 Td (in ) Tj ET Q q 0 0 0 rg BT 451.80 290.85 Td (ef) Tj ET Q q 0 0 0 rg BT 460.91 290.85 Td (fect ) Tj ET Q q 0 0 0 rg BT 483.12 290.85 Td (that ) Tj ET Q q 0 0 0 rg BT 505.35 290.85 Td (defines ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 276.45 Td (Cause, ) Tj ET Q q 0 0 0 rg BT 120.46 276.45 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 125.78173828125 274.85039062500005 m 155.10791015625 274.85039062500005 l s q 0 0 0 rg BT 125.78 276.45 Td (Cause) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 155.11 276.45 Td ( ) Tj ET Q q 0 0 0 rg BT 165.91 276.45 Td (shall ) Tj ET Q q 0 0 0 rg BT 194.05 276.45 Td (mean ) Tj ET Q q 0 0 0 rg BT 225.52 276.45 Td (a ) Tj ET Q q 0 0 0 rg BT 236.32 276.45 Td (finding ) Tj ET Q q 0 0 0 rg BT 276.46 276.45 Td (by ) Tj ET Q q 0 0 0 rg BT 293.94 276.45 Td (the ) Tj ET Q q 0 0 0 rg BT 314.07 276.45 Td (Board ) Tj ET Q q 0 0 0 rg BT 348.88 276.45 Td (or ) Tj ET Q q 0 0 0 rg BT 364.35 276.45 Td (the ) Tj ET Q q 0 0 0 rg BT 384.49 276.45 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 446.29 276.45 Td (before ) Tj ET Q q 0 0 0 rg BT 482.41 276.45 Td (or ) Tj ET Q q 0 0 0 rg BT 497.89 276.45 Td (after ) Tj ET Q q 0 0 0 rg BT 525.34 276.45 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 262.05 Td (Participant) Tj ET Q q 0 0 0 rg BT 127.32 262.05 Td (s ) Tj ET Q q 0 0 0 rg BT 135.10 262.05 Td (termination ) Tj ET Q q 0 0 0 rg BT 193.54 262.05 Td (of ) Tj ET Q q 0 0 0 rg BT 206.65 262.05 Td (employment, ) Tj ET Q q 0 0 0 rg BT 272.75 262.05 Td (of: ) Tj ET Q q 0 0 0 rg BT 289.19 262.05 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 303.63 262.05 Td (any ) Tj ET Q q 0 0 0 rg BT 324.07 262.05 Td (material ) Tj ET Q q 0 0 0 rg BT 366.50 262.05 Td (failure ) Tj ET Q q 0 0 0 rg BT 400.92 262.05 Td (by ) Tj ET Q q 0 0 0 rg BT 416.04 262.05 Td (the ) Tj ET Q q 0 0 0 rg BT 433.81 262.05 Td (Participant ) Tj ET Q q 0 0 0 rg BT 488.91 262.05 Td (to ) Tj ET Q q 0 0 0 rg BT 501.36 262.05 Td (perform ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 247.65 Td (the ) Tj ET Q q 0 0 0 rg BT 90.25 247.65 Td (Participant) Tj ET Q q 0 0 0 rg BT 145.57 247.65 Td (s ) Tj ET Q q 0 0 0 rg BT 153.83 247.65 Td (duties ) Tj ET Q q 0 0 0 rg BT 186.08 247.65 Td (and ) Tj ET Q q 0 0 0 rg BT 206.99 247.65 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 283.25 247.65 Td (under ) Tj ET Q q 0 0 0 rg BT 314.16 247.65 Td (any ) Tj ET Q q 0 0 0 rg BT 335.07 247.65 Td (written ) Tj ET Q q 0 0 0 rg BT 372.65 247.65 Td (agreement ) Tj ET Q q 0 0 0 rg BT 426.21 247.65 Td (between ) Tj ET Q q 0 0 0 rg BT 469.78 247.65 Td (the ) Tj ET Q q 0 0 0 rg BT 488.02 247.65 Td (Participant ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.96 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.25 233.25 Td (Company; ) Tj ET Q q 0 0 0 rg BT 161.88 233.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 179.17 233.25 Td (any ) Tj ET Q q 0 0 0 rg BT 199.13 233.25 Td (act ) Tj ET Q q 0 0 0 rg BT 215.74 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.37 233.25 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 259.32 233.25 Td (embezzlement, ) Tj ET Q q 0 0 0 rg BT 334.24 233.25 Td (theft ) Tj ET Q q 0 0 0 rg BT 358.86 233.25 Td (or ) Tj ET Q q 0 0 0 rg BT 371.49 233.25 Td (misappropriation ) Tj ET Q q 0 0 0 rg BT 456.11 233.25 Td (by ) Tj ET Q q 0 0 0 rg BT 470.74 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.03 233.25 Td (Participant ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 218.85 Td (relating ) Tj ET Q q 0 0 0 rg BT 111.59 218.85 Td (to ) Tj ET Q q 0 0 0 rg BT 123.86 218.85 Td (the ) Tj ET Q q 0 0 0 rg BT 141.46 218.85 Td (Company; ) Tj ET Q q 0 0 0 rg BT 194.40 218.85 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 215.34 218.85 Td (the ) Tj ET Q q 0 0 0 rg BT 232.94 218.85 Td (Participant) Tj ET Q q 0 0 0 rg BT 288.25 218.85 Td (s ) Tj ET Q q 0 0 0 rg BT 295.86 218.85 Td (commission ) Tj ET Q q 0 0 0 rg BT 356.81 218.85 Td (of ) Tj ET Q q 0 0 0 rg BT 369.74 218.85 Td (a ) Tj ET Q q 0 0 0 rg BT 378.01 218.85 Td (felony ) Tj ET Q q 0 0 0 rg BT 411.60 218.85 Td (or ) Tj ET Q q 0 0 0 rg BT 424.54 218.85 Td (a ) Tj ET Q q 0 0 0 rg BT 432.81 218.85 Td (crime ) Tj ET Q q 0 0 0 rg BT 463.06 218.85 Td (involving ) Tj ET Q q 0 0 0 rg BT 512.01 218.85 Td (moral ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 204.45 Td (turpitude; ) Tj ET Q q 0 0 0 rg BT 121.78 204.45 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 142.22 204.45 Td (any ) Tj ET Q q 0 0 0 rg BT 162.67 204.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 191.13 204.45 Td (negligence ) Tj ET Q q 0 0 0 rg BT 246.22 204.45 Td (or ) Tj ET Q q 0 0 0 rg BT 259.34 204.45 Td (intentional ) Tj ET Q q 0 0 0 rg BT 313.78 204.45 Td (misconduct ) Tj ET Q q 0 0 0 rg BT 372.22 204.45 Td (on ) Tj ET Q q 0 0 0 rg BT 387.34 204.45 Td (the ) Tj ET Q q 0 0 0 rg BT 405.12 204.45 Td (part ) Tj ET Q q 0 0 0 rg BT 426.90 204.45 Td (of ) Tj ET Q q 0 0 0 rg BT 440.02 204.45 Td (the ) Tj ET Q q 0 0 0 rg BT 457.80 204.45 Td (Participant ) Tj ET Q q 0 0 0 rg BT 512.90 204.45 Td (in ) Tj ET Q q 0 0 0 rg BT 525.35 204.45 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 190.05 Td (conduct ) Tj ET Q q 0 0 0 rg BT 112.06 190.05 Td (of ) Tj ET Q q 0 0 0 rg BT 124.14 190.05 Td (the ) Tj ET Q q 0 0 0 rg BT 140.87 190.05 Td (Participant) Tj ET Q q 0 0 0 rg BT 196.19 190.05 Td (s ) Tj ET Q q 0 0 0 rg BT 202.94 190.05 Td (duties ) Tj ET Q q 0 0 0 rg BT 233.68 190.05 Td (and ) Tj ET Q q 0 0 0 rg BT 253.08 190.05 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 327.82 190.05 Td (with ) Tj ET Q q 0 0 0 rg BT 351.23 190.05 Td (the ) Tj ET Q q 0 0 0 rg BT 367.97 190.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 416.71 190.05 Td (or ) Tj ET Q q 0 0 0 rg BT 428.79 190.05 Td (which ) Tj ET Q q 0 0 0 rg BT 460.19 190.05 Td (adversely ) Tj ET Q q 0 0 0 rg BT 508.25 190.05 Td (af) Tj ET Q q 0 0 0 rg BT 517.35 190.05 Td (fects ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 175.65 Td (the ) Tj ET Q q 0 0 0 rg BT 89.52 175.65 Td (image, ) Tj ET Q q 0 0 0 rg BT 124.71 175.65 Td (reputation ) Tj ET Q q 0 0 0 rg BT 176.22 175.65 Td (or ) Tj ET Q q 0 0 0 rg BT 189.08 175.65 Td (business ) Tj ET Q q 0 0 0 rg BT 232.62 175.65 Td (of ) Tj ET Q q 0 0 0 rg BT 245.48 175.65 Td (the ) Tj ET Q q 0 0 0 rg BT 263.00 175.65 Td (Company; ) Tj ET Q q 0 0 0 rg BT 315.86 175.65 Td (or ) Tj ET Q q 0 0 0 rg BT 328.72 175.65 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 345.58 175.65 Td (any ) Tj ET Q q 0 0 0 rg BT 365.77 175.65 Td (material ) Tj ET Q q 0 0 0 rg BT 407.94 175.65 Td (breach ) Tj ET Q q 0 0 0 rg BT 442.78 175.65 Td (by ) Tj ET Q q 0 0 0 rg BT 457.64 175.65 Td (the ) Tj ET Q q 0 0 0 rg BT 475.17 175.65 Td (Participant ) Tj ET Q q 0 0 0 rg BT 530.02 175.65 Td (of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 161.25 Td (any ) Tj ET Q q 0 0 0 rg BT 91.50 161.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 143.65 161.25 Td (between ) Tj ET Q q 0 0 0 rg BT 185.80 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.63 161.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 251.47 161.25 Td (or ) Tj ET Q q 0 0 0 rg BT 263.65 161.25 Td (any ) Tj ET Q q 0 0 0 rg BT 283.15 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.32 161.25 Td (its ) Tj ET Q q 0 0 0 rg BT 308.83 161.25 Td (Subsidiaries, ) Tj ET Q q 0 0 0 rg BT 372.67 161.25 Td (on ) Tj ET Q q 0 0 0 rg BT 386.85 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.68 161.25 Td (one ) Tj ET Q q 0 0 0 rg BT 423.18 161.25 Td (hand, ) Tj ET Q q 0 0 0 rg BT 451.68 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.19 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.02 161.25 Td (Participant ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 146.85 Td (on ) Tj ET Q q 0 0 0 rg BT 87.75 146.85 Td (the ) Tj ET Q q 0 0 0 rg BT 106.15 146.85 Td (other) Tj ET Q q 0 0 0 rg BT 130.15 146.85 Td (. ) Tj ET Q q 0 0 0 rg BT 136.62 146.85 Td (The ) Tj ET Q q 0 0 0 rg BT 159.02 146.85 Td (findings ) Tj ET Q q 0 0 0 rg BT 202.10 146.85 Td (and ) Tj ET Q q 0 0 0 rg BT 223.17 146.85 Td (decision ) Tj ET Q q 0 0 0 rg BT 266.91 146.85 Td (of ) Tj ET Q q 0 0 0 rg BT 280.65 146.85 Td (the ) Tj ET Q q 0 0 0 rg BT 299.06 146.85 Td (Committee ) Tj ET Q q 0 0 0 rg BT 356.13 146.85 Td (with ) Tj ET Q q 0 0 0 rg BT 381.21 146.85 Td (respect ) Tj ET Q q 0 0 0 rg BT 418.93 146.85 Td (to ) Tj ET Q q 0 0 0 rg BT 432.01 146.85 Td (such ) Tj ET Q q 0 0 0 rg BT 457.75 146.85 Td (matter) Tj ET Q q 0 0 0 rg BT 487.92 146.85 Td (, ) Tj ET Q q 0 0 0 rg BT 494.67 146.85 Td (including ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 132.45 Td (those ) Tj ET Q q 0 0 0 rg BT 100.33 132.45 Td (regarding ) Tj ET Q q 0 0 0 rg BT 149.31 132.45 Td (the ) Tj ET Q q 0 0 0 rg BT 166.97 132.45 Td (acts ) Tj ET Q q 0 0 0 rg BT 188.63 132.45 Td (of ) Tj ET Q q 0 0 0 rg BT 201.62 132.45 Td (the ) Tj ET Q q 0 0 0 rg BT 219.28 132.45 Td (Participant ) Tj ET Q q 0 0 0 rg BT 274.27 132.45 Td (and ) Tj ET Q q 0 0 0 rg BT 294.59 132.45 Td (the ) Tj ET Q q 0 0 0 rg BT 312.25 132.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 347.91 132.45 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 387.88 132.45 Td (will ) Tj ET Q q 0 0 0 rg BT 409.55 132.45 Td (be ) Tj ET Q q 0 0 0 rg BT 423.88 132.45 Td (final ) Tj ET Q q 0 0 0 rg BT 448.87 132.45 Td (for ) Tj ET Q q 0 0 0 rg BT 465.86 132.45 Td (all ) Tj ET Q q 0 0 0 rg BT 480.86 132.45 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 529.52 132.45 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 106.05 Td ( ) Tj ET Q endstream endobj 185 0 obj <> endobj 186 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 60.60 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 51.00 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 711.70 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 711.70 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 113.326171875 710.100390625 m 178.61279296875 710.100390625 l s q 0 0 0 rg BT 113.33 711.70 Td (Good ) Tj ET Q q 0 0 0 rg BT 143.29 711.70 Td (Reason) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 178.61 711.70 Td ( ) Tj ET Q q 0 0 0 rg BT 187.23 711.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 213.19 711.70 Td (exist ) Tj ET Q q 0 0 0 rg BT 239.15 711.70 Td (with ) Tj ET Q q 0 0 0 rg BT 263.78 711.70 Td (respect ) Tj ET Q q 0 0 0 rg BT 301.05 711.70 Td (to ) Tj ET Q q 0 0 0 rg BT 313.68 711.70 Td (a ) Tj ET Q q 0 0 0 rg BT 322.30 711.70 Td (Participant ) Tj ET Q q 0 0 0 rg BT 377.58 711.70 Td (if ) Tj ET Q q 0 0 0 rg BT 388.20 711.70 Td (a ) Tj ET Q q 0 0 0 rg BT 396.82 711.70 Td (termination ) Tj ET Q q 0 0 0 rg BT 455.44 711.70 Td (of ) Tj ET Q q 0 0 0 rg BT 468.73 711.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 532.01 711.70 Td (is ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 697.30 Td (for ) Tj ET Q q 0 0 0 rg BT 89.29 697.30 Td (Good ) Tj ET Q q 0 0 0 rg BT 124.59 697.30 Td (Reason ) Tj ET Q q 0 0 0 rg BT 168.54 697.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 213.17 697.30 Td (to ) Tj ET Q q 0 0 0 rg BT 225.81 697.30 Td (an ) Tj ET Q q 0 0 0 rg BT 240.43 697.30 Td (Individual ) Tj ET Q q 0 0 0 rg BT 292.33 697.30 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 348.94 697.30 Td (to ) Tj ET Q q 0 0 0 rg BT 361.58 697.30 Td (which ) Tj ET Q q 0 0 0 rg BT 394.21 697.30 Td (such ) Tj ET Q q 0 0 0 rg BT 419.50 697.30 Td (Participant ) Tj ET Q q 0 0 0 rg BT 474.79 697.30 Td (is ) Tj ET Q q 0 0 0 rg BT 486.09 697.30 Td (a ) Tj ET Q q 0 0 0 rg BT 494.72 697.30 Td (party ) Tj ET Q q 0 0 0 rg BT 522.68 697.30 Td (and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 682.90 Td (that ) Tj ET Q q 0 0 0 rg BT 93.20 682.90 Td (is ) Tj ET Q q 0 0 0 rg BT 104.41 682.90 Td (then ) Tj ET Q q 0 0 0 rg BT 128.27 682.90 Td (in ) Tj ET Q q 0 0 0 rg BT 140.81 682.90 Td (ef) Tj ET Q q 0 0 0 rg BT 149.91 682.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 171.10 682.90 Td (or) Tj ET Q q 0 0 0 rg BT 180.61 682.90 Td (, ) Tj ET Q q 0 0 0 rg BT 186.82 682.90 Td (if ) Tj ET Q q 0 0 0 rg BT 197.35 682.90 Td (there ) Tj ET Q q 0 0 0 rg BT 224.54 682.90 Td (is ) Tj ET Q q 0 0 0 rg BT 235.74 682.90 Td (no ) Tj ET Q q 0 0 0 rg BT 250.95 682.90 Td (Individual ) Tj ET Q q 0 0 0 rg BT 302.77 682.90 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 359.28 682.90 Td (in ) Tj ET Q q 0 0 0 rg BT 371.82 682.90 Td (ef) Tj ET Q q 0 0 0 rg BT 380.92 682.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 402.11 682.90 Td (that ) Tj ET Q q 0 0 0 rg BT 423.31 682.90 Td (defines ) Tj ET Q q 0 0 0 rg BT 461.16 682.90 Td (Good ) Tj ET Q q 0 0 0 rg BT 496.36 682.90 Td (Reason, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 668.50 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 77.326171875 666.900390625 m 142.91748046875 666.900390625 l s q 0 0 0 rg BT 77.33 668.50 Td (Good ) Tj ET Q q 0 0 0 rg BT 107.59 668.50 Td (Reason) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 142.92 668.50 Td ( ) Tj ET Q q 0 0 0 rg BT 151.84 668.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 178.11 668.50 Td (mean ) Tj ET Q q 0 0 0 rg BT 207.69 668.50 Td (the ) Tj ET Q q 0 0 0 rg BT 225.95 668.50 Td (Participant) Tj ET Q q 0 0 0 rg BT 281.27 668.50 Td (s ) Tj ET Q q 0 0 0 rg BT 289.54 668.50 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 339.13 668.50 Td (resignation ) Tj ET Q q 0 0 0 rg BT 396.05 668.50 Td (following ) Tj ET Q q 0 0 0 rg BT 446.31 668.50 Td (any ) Tj ET Q q 0 0 0 rg BT 467.24 668.50 Td (one ) Tj ET Q q 0 0 0 rg BT 488.16 668.50 Td (or ) Tj ET Q q 0 0 0 rg BT 501.76 668.50 Td (more ) Tj ET Q q 0 0 0 rg BT 530.01 668.50 Td (of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.27 654.10 Td (following ) Tj ET Q q 0 0 0 rg BT 140.53 654.10 Td (that ) Tj ET Q q 0 0 0 rg BT 162.13 654.10 Td (is ) Tj ET Q q 0 0 0 rg BT 173.74 654.10 Td (ef) Tj ET Q q 0 0 0 rg BT 182.85 654.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 215.76 654.10 Td (without ) Tj ET Q q 0 0 0 rg BT 256.03 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.30 654.10 Td (Participant) Tj ET Q q 0 0 0 rg BT 329.62 654.10 Td (s ) Tj ET Q q 0 0 0 rg BT 337.89 654.10 Td (written ) Tj ET Q q 0 0 0 rg BT 375.49 654.10 Td (consent: ) Tj ET Q q 0 0 0 rg BT 419.08 654.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 434.01 654.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.95 654.10 Td (change ) Tj ET Q q 0 0 0 rg BT 480.53 654.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.47 654.10 Td (his ) Tj ET Q q 0 0 0 rg BT 511.08 654.10 Td (or ) Tj ET Q q 0 0 0 rg BT 524.68 654.10 Td (her ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 639.70 Td (position ) Tj ET Q q 0 0 0 rg BT 113.64 639.70 Td (that ) Tj ET Q q 0 0 0 rg BT 134.59 639.70 Td (materially ) Tj ET Q q 0 0 0 rg BT 186.20 639.70 Td (reduces ) Tj ET Q q 0 0 0 rg BT 225.81 639.70 Td (his ) Tj ET Q q 0 0 0 rg BT 242.78 639.70 Td (or ) Tj ET Q q 0 0 0 rg BT 255.74 639.70 Td (her ) Tj ET Q q 0 0 0 rg BT 274.02 639.70 Td (duties ) Tj ET Q q 0 0 0 rg BT 305.65 639.70 Td (or ) Tj ET Q q 0 0 0 rg BT 318.61 639.70 Td (responsibilities, ) Tj ET Q q 0 0 0 rg BT 397.23 639.70 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 414.86 639.70 Td (a ) Tj ET Q q 0 0 0 rg BT 423.15 639.70 Td (material ) Tj ET Q q 0 0 0 rg BT 465.42 639.70 Td (reduction ) Tj ET Q q 0 0 0 rg BT 513.70 639.70 Td (in ) Tj ET Q q 0 0 0 rg BT 526.00 639.70 Td (his ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 625.30 Td (or ) Tj ET Q q 0 0 0 rg BT 84.33 625.30 Td (her ) Tj ET Q q 0 0 0 rg BT 101.98 625.30 Td (base ) Tj ET Q q 0 0 0 rg BT 125.63 625.30 Td (salary) Tj ET Q q 0 0 0 rg BT 153.50 625.30 Td (, ) Tj ET Q q 0 0 0 rg BT 158.83 625.30 Td (unless ) Tj ET Q q 0 0 0 rg BT 191.16 625.30 Td (the ) Tj ET Q q 0 0 0 rg BT 208.15 625.30 Td (base ) Tj ET Q q 0 0 0 rg BT 231.80 625.30 Td (salaries ) Tj ET Q q 0 0 0 rg BT 270.11 625.30 Td (of ) Tj ET Q q 0 0 0 rg BT 282.44 625.30 Td (all ) Tj ET Q q 0 0 0 rg BT 296.76 625.30 Td (similarly ) Tj ET Q q 0 0 0 rg BT 341.75 625.30 Td (situated ) Tj ET Q q 0 0 0 rg BT 381.40 625.30 Td (individuals ) Tj ET Q q 0 0 0 rg BT 437.07 625.30 Td (are ) Tj ET Q q 0 0 0 rg BT 454.04 625.30 Td (similarly ) Tj ET Q q 0 0 0 rg BT 499.03 625.30 Td (reduced, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 610.90 Td (or ) Tj ET Q q 0 0 0 rg BT 83.99 610.90 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 103.97 610.90 Td (a ) Tj ET Q q 0 0 0 rg BT 111.28 610.90 Td (relocation ) Tj ET Q q 0 0 0 rg BT 161.25 610.90 Td (of ) Tj ET Q q 0 0 0 rg BT 173.24 610.90 Td (such ) Tj ET Q q 0 0 0 rg BT 197.22 610.90 Td (Participant) Tj ET Q q 0 0 0 rg BT 252.54 610.90 Td (s ) Tj ET Q q 0 0 0 rg BT 259.20 610.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 303.84 610.90 Td (place ) Tj ET Q q 0 0 0 rg BT 331.14 610.90 Td (of ) Tj ET Q q 0 0 0 rg BT 343.13 610.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 405.10 610.90 Td (of ) Tj ET Q q 0 0 0 rg BT 417.09 610.90 Td (more ) Tj ET Q q 0 0 0 rg BT 443.73 610.90 Td (than ) Tj ET Q q 0 0 0 rg BT 466.38 610.90 Td (fifty ) Tj ET Q q 0 0 0 rg BT 489.03 610.90 Td (\(50\) ) Tj ET Q q 0 0 0 rg BT 511.01 610.90 Td (miles. ) Tj ET Q q 0 0 0 rg BT 543.01 610.90 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 596.50 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 154.55 596.50 Td (the ) Tj ET Q q 0 0 0 rg BT 171.77 596.50 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 223.98 596.50 Td (a ) Tj ET Q q 0 0 0 rg BT 231.86 596.50 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 280.41 596.50 Td (resignation ) Tj ET Q q 0 0 0 rg BT 336.28 596.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 361.50 596.50 Td (not ) Tj ET Q q 0 0 0 rg BT 379.39 596.50 Td (be ) Tj ET Q q 0 0 0 rg BT 393.28 596.50 Td (deemed ) Tj ET Q q 0 0 0 rg BT 433.15 596.50 Td (to ) Tj ET Q q 0 0 0 rg BT 445.04 596.50 Td (be ) Tj ET Q q 0 0 0 rg BT 458.92 596.50 Td (for ) Tj ET Q q 0 0 0 rg BT 475.47 596.50 Td (Good ) Tj ET Q q 0 0 0 rg BT 504.69 596.50 Td (Reason ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 582.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 105.24 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.15 582.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 178.38 582.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 222.95 582.10 Td (written ) Tj ET Q q 0 0 0 rg BT 260.18 582.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 292.75 582.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.33 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.23 582.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 373.14 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.38 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.29 582.10 Td (Participant) Tj ET Q q 0 0 0 rg BT 459.60 582.10 Td (s ) Tj ET Q q 0 0 0 rg BT 467.52 582.10 Td (intent ) Tj ET Q q 0 0 0 rg BT 498.09 582.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.67 582.10 Td (resign ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 567.70 Td (for ) Tj ET Q q 0 0 0 rg BT 90.57 567.70 Td (Good ) Tj ET Q q 0 0 0 rg BT 121.81 567.70 Td (Reason ) Tj ET Q q 0 0 0 rg BT 161.71 567.70 Td (specifying ) Tj ET Q q 0 0 0 rg BT 216.28 567.70 Td (the ) Tj ET Q q 0 0 0 rg BT 235.51 567.70 Td (condition ) Tj ET Q q 0 0 0 rg BT 285.42 567.70 Td (giving ) Tj ET Q q 0 0 0 rg BT 320.66 567.70 Td (rise ) Tj ET Q q 0 0 0 rg BT 342.56 567.70 Td (to ) Tj ET Q q 0 0 0 rg BT 356.47 567.70 Td (Good ) Tj ET Q q 0 0 0 rg BT 387.71 567.70 Td (Reason ) Tj ET Q q 0 0 0 rg BT 427.62 567.70 Td (within ) Tj ET Q q 0 0 0 rg BT 462.86 567.70 Td (thirty ) Tj ET Q q 0 0 0 rg BT 493.44 567.70 Td (\(30\) ) Tj ET Q q 0 0 0 rg BT 518.00 567.70 Td (days ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 553.30 Td (following ) Tj ET Q q 0 0 0 rg BT 120.89 553.30 Td (the ) Tj ET Q q 0 0 0 rg BT 137.77 553.30 Td (initial ) Tj ET Q q 0 0 0 rg BT 167.99 553.30 Td (existence ) Tj ET Q q 0 0 0 rg BT 214.85 553.30 Td (of ) Tj ET Q q 0 0 0 rg BT 227.07 553.30 Td (such ) Tj ET Q q 0 0 0 rg BT 251.29 553.30 Td (condition, ) Tj ET Q q 0 0 0 rg BT 301.84 553.30 Td (the ) Tj ET Q q 0 0 0 rg BT 318.72 553.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 367.61 553.30 Td (fails ) Tj ET Q q 0 0 0 rg BT 390.49 553.30 Td (to ) Tj ET Q q 0 0 0 rg BT 402.05 553.30 Td (correct ) Tj ET Q q 0 0 0 rg BT 437.57 553.30 Td (such ) Tj ET Q q 0 0 0 rg BT 461.79 553.30 Td (condition ) Tj ET Q q 0 0 0 rg BT 509.34 553.30 Td (within ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 538.90 Td (the ) Tj ET Q q 0 0 0 rg BT 89.07 538.90 Td (thirty ) Tj ET Q q 0 0 0 rg BT 117.48 538.90 Td (\(30\) ) Tj ET Q q 0 0 0 rg BT 139.88 538.90 Td (day ) Tj ET Q q 0 0 0 rg BT 159.62 538.90 Td (period ) Tj ET Q q 0 0 0 rg BT 192.68 538.90 Td (beginning ) Tj ET Q q 0 0 0 rg BT 243.08 538.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 269.49 538.90 Td (the ) Tj ET Q q 0 0 0 rg BT 286.56 538.90 Td (Company) Tj ET Q q 0 0 0 rg BT 336.56 538.90 Td (s ) Tj ET Q q 0 0 0 rg BT 343.64 538.90 Td (receipt ) Tj ET Q q 0 0 0 rg BT 378.69 538.90 Td (of ) Tj ET Q q 0 0 0 rg BT 391.10 538.90 Td (such ) Tj ET Q q 0 0 0 rg BT 415.51 538.90 Td (notice ) Tj ET Q q 0 0 0 rg BT 447.24 538.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 468.30 538.90 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 473.6279296875 537.300390625 m 530.69384765625 537.300390625 l s q 0 0 0 rg BT 473.63 538.90 Td (Cure ) Tj ET Q q 0 0 0 rg BT 499.36 538.90 Td (Period) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 530.69 538.90 Td (\) ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 524.50 Td (and ) Tj ET Q q 0 0 0 rg BT 92.33 524.50 Td (such ) Tj ET Q q 0 0 0 rg BT 117.32 524.50 Td (resignation ) Tj ET Q q 0 0 0 rg BT 173.64 524.50 Td (is ) Tj ET Q q 0 0 0 rg BT 184.65 524.50 Td (ef) Tj ET Q q 0 0 0 rg BT 193.75 524.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 229.39 524.50 Td (within ) Tj ET Q q 0 0 0 rg BT 263.06 524.50 Td (thirty ) Tj ET Q q 0 0 0 rg BT 292.06 524.50 Td (\(30\) ) Tj ET Q q 0 0 0 rg BT 315.05 524.50 Td (days ) Tj ET Q q 0 0 0 rg BT 340.05 524.50 Td (following ) Tj ET Q q 0 0 0 rg BT 389.71 524.50 Td (the ) Tj ET Q q 0 0 0 rg BT 407.37 524.50 Td (end ) Tj ET Q q 0 0 0 rg BT 427.70 524.50 Td (of ) Tj ET Q q 0 0 0 rg BT 440.70 524.50 Td (the ) Tj ET Q q 0 0 0 rg BT 458.36 524.50 Td (Cure ) Tj ET Q q 0 0 0 rg BT 484.68 524.50 Td (Period.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 498.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 498.10 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 113.326171875 496.500390625 m 165.310546875 496.500390625 l s q 0 0 0 rg BT 113.33 498.10 Td (Participant) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 165.31 498.10 Td ( shall mean a key employee of the Company or an af) Tj ET Q q 0 0 0 rg BT 423.33 498.10 Td (filiate who participates ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 483.70 Td (in this Program pursuant to the provisions of ) Tj ET Q q 0 0 0 rg BT 288.66 483.70 Td (Article III hereof.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 457.30 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 457.30 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 113.326171875 455.700390625 m 208.95703125 455.700390625 l s q 0 0 0 rg BT 113.33 457.30 Td (Performance Period) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 208.96 457.30 Td ( shall mean a period of time with respect to which performance is ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 442.90 Td (measured as determined by the Committee. Performance Periods may overlap.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 416.50 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 416.50 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 113.326171875 414.900390625 m 258.9892578125 414.900390625 l s q 0 0 0 rg BT 113.33 416.50 Td (Permanent ) Tj ET Q q 0 0 0 rg BT 166.42 416.50 Td (and ) Tj ET Q q 0 0 0 rg BT 185.39 416.50 Td (T) Tj ET Q q 0 0 0 rg BT 191.89 416.50 Td (otal ) Tj ET Q q 0 0 0 rg BT 211.66 416.50 Td (Disability) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 258.99 416.50 Td ( ) Tj ET Q q 0 0 0 rg BT 266.09 416.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 290.53 416.50 Td (have ) Tj ET Q q 0 0 0 rg BT 314.96 416.50 Td (the ) Tj ET Q q 0 0 0 rg BT 331.40 416.50 Td (meaning ) Tj ET Q q 0 0 0 rg BT 374.50 416.50 Td (ascribed ) Tj ET Q q 0 0 0 rg BT 416.25 416.50 Td (to ) Tj ET Q q 0 0 0 rg BT 427.36 416.50 Td (such ) Tj ET Q q 0 0 0 rg BT 451.14 416.50 Td (term ) Tj ET Q q 0 0 0 rg BT 474.90 416.50 Td (under ) Tj ET Q q 0 0 0 rg BT 504.00 416.50 Td (Section ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 402.10 Td (22\(e\)\(3\) ) Tj ET Q q 0 0 0 rg BT 113.28 402.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.24 402.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.86 402.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 169.16 402.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.45 402.10 Td (with ) Tj ET Q q 0 0 0 rg BT 211.75 402.10 Td (such ) Tj ET Q q 0 0 0 rg BT 235.71 402.10 Td (permanent ) Tj ET Q q 0 0 0 rg BT 288.32 402.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.61 402.10 Td (total ) Tj ET Q q 0 0 0 rg BT 330.91 402.10 Td (disability ) Tj ET Q q 0 0 0 rg BT 377.54 402.10 Td (being ) Tj ET Q q 0 0 0 rg BT 406.17 402.10 Td (certified ) Tj ET Q q 0 0 0 rg BT 448.10 402.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 473.40 402.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.70 402.10 Td (termination ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 387.70 Td (of ) Tj ET Q q 0 0 0 rg BT 87.41 387.70 Td (a ) Tj ET Q q 0 0 0 rg BT 98.15 387.70 Td (Participant) Tj ET Q q 0 0 0 rg BT 153.47 387.70 Td (s ) Tj ET Q q 0 0 0 rg BT 163.55 387.70 Td (employment ) Tj ET Q q 0 0 0 rg BT 228.96 387.70 Td (by ) Tj ET Q q 0 0 0 rg BT 246.37 387.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 263.11 387.70 Td (the ) Tj ET Q q 0 0 0 rg BT 283.19 387.70 Td (Social ) Tj ET Q q 0 0 0 rg BT 318.60 387.70 Td (Security ) Tj ET Q q 0 0 0 rg BT 362.81 387.70 Td (Administration, ) Tj ET Q q 0 0 0 rg BT 443.88 387.70 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 463.96 387.70 Td (the ) Tj ET Q q 0 0 0 rg BT 484.03 387.70 Td (comparable ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 373.30 Td (governmental ) Tj ET Q q 0 0 0 rg BT 140.99 373.30 Td (authority ) Tj ET Q q 0 0 0 rg BT 187.32 373.30 Td (applicable ) Tj ET Q q 0 0 0 rg BT 239.64 373.30 Td (to ) Tj ET Q q 0 0 0 rg BT 251.98 373.30 Td (an ) Tj ET Q q 0 0 0 rg BT 266.32 373.30 Td (af) Tj ET Q q 0 0 0 rg BT 275.42 373.30 Td (filiate ) Tj ET Q q 0 0 0 rg BT 306.42 373.30 Td (of ) Tj ET Q q 0 0 0 rg BT 319.43 373.30 Td (the ) Tj ET Q q 0 0 0 rg BT 337.10 373.30 Td (Company) Tj ET Q q 0 0 0 rg BT 382.98 373.30 Td (, ) Tj ET Q q 0 0 0 rg BT 388.99 373.30 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 410.00 373.30 Td (such ) Tj ET Q q 0 0 0 rg BT 435.00 373.30 Td (other ) Tj ET Q q 0 0 0 rg BT 462.67 373.30 Td (body ) Tj ET Q q 0 0 0 rg BT 489.68 373.30 Td (having ) Tj ET Q q 0 0 0 rg BT 525.35 373.30 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 358.90 Td (relevant ) Tj ET Q q 0 0 0 rg BT 113.83 358.90 Td (decision-making ) Tj ET Q q 0 0 0 rg BT 197.01 358.90 Td (power ) Tj ET Q q 0 0 0 rg BT 230.19 358.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 282.69 358.90 Td (to ) Tj ET Q q 0 0 0 rg BT 295.21 358.90 Td (an ) Tj ET Q q 0 0 0 rg BT 309.73 358.90 Td (af) Tj ET Q q 0 0 0 rg BT 318.83 358.90 Td (filiate ) Tj ET Q q 0 0 0 rg BT 350.01 358.90 Td (of ) Tj ET Q q 0 0 0 rg BT 363.20 358.90 Td (the ) Tj ET Q q 0 0 0 rg BT 381.05 358.90 Td (Company) Tj ET Q q 0 0 0 rg BT 426.94 358.90 Td (, ) Tj ET Q q 0 0 0 rg BT 433.13 358.90 Td (or ) Tj ET Q q 0 0 0 rg BT 446.32 358.90 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 466.83 358.90 Td (an ) Tj ET Q q 0 0 0 rg BT 481.35 358.90 Td (independent ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 344.50 Td (medical ) Tj ET Q q 0 0 0 rg BT 112.98 344.50 Td (advisor ) Tj ET Q q 0 0 0 rg BT 151.31 344.50 Td (appointed ) Tj ET Q q 0 0 0 rg BT 201.63 344.50 Td (by ) Tj ET Q q 0 0 0 rg BT 216.63 344.50 Td (the ) Tj ET Q q 0 0 0 rg BT 234.29 344.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 283.95 344.50 Td (in ) Tj ET Q q 0 0 0 rg BT 296.29 344.50 Td (its ) Tj ET Q q 0 0 0 rg BT 310.62 344.50 Td (sole ) Tj ET Q q 0 0 0 rg BT 332.95 344.50 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 386.27 344.50 Td (as ) Tj ET Q q 0 0 0 rg BT 399.27 344.50 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 454.58 344.50 Td (in ) Tj ET Q q 0 0 0 rg BT 466.91 344.50 Td (any ) Tj ET Q q 0 0 0 rg BT 487.24 344.50 Td (such ) Tj ET Q q 0 0 0 rg BT 512.23 344.50 Td (case.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 318.10 Td ( ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 273.5 290.100390625 m 338.427734375 290.100390625 l s q 0 0 0 rg BT 273.50 291.70 Td (AR) Tj ET Q q 0 0 0 rg BT 289.45 291.70 Td (TICLE III) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 262.75 263.70039062499995 m 349.1640625 263.70039062499995 l s q 0 0 0 rg BT 262.75 265.30 Td (P) Tj ET Q q 0 0 0 rg BT 268.32 265.30 Td (AR) Tj ET Q q 0 0 0 rg BT 284.27 265.30 Td (TICIP) Tj ET Q q 0 0 0 rg BT 313.17 265.30 Td (A) Tj ET Q q 0 0 0 rg BT 320.51 265.30 Td (TION) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 236.50 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 236.50 Td (3.1 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 234.900390625 m 200.654296875 234.900390625 l s q 0 0 0 rg BT 144.00 236.50 Td (Participants) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 200.65 236.50 Td (. ) Tj ET Q q 0 0 0 rg BT 208.24 236.50 Td ( ) Tj ET Q q 0 0 0 rg BT 212.83 236.50 Td (Participants ) Tj ET Q q 0 0 0 rg BT 274.07 236.50 Td (for ) Tj ET Q q 0 0 0 rg BT 292.65 236.50 Td (any ) Tj ET Q q 0 0 0 rg BT 314.56 236.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 380.45 236.50 Td (Period ) Tj ET Q q 0 0 0 rg BT 416.36 236.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 443.61 236.50 Td (be ) Tj ET Q q 0 0 0 rg BT 459.53 236.50 Td (those ) Tj ET Q q 0 0 0 rg BT 489.44 236.50 Td (active ) Tj ET Q q 0 0 0 rg BT 522.68 236.50 Td (key ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 222.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 125.70 222.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.07 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.11 222.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 204.16 222.10 Td (or ) Tj ET Q q 0 0 0 rg BT 216.53 222.10 Td (an ) Tj ET Q q 0 0 0 rg BT 230.24 222.10 Td (af) Tj ET Q q 0 0 0 rg BT 239.35 222.10 Td (filiate ) Tj ET Q q 0 0 0 rg BT 269.71 222.10 Td (who ) Tj ET Q q 0 0 0 rg BT 292.76 222.10 Td (are ) Tj ET Q q 0 0 0 rg BT 309.79 222.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 363.48 222.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.20 222.10 Td (writing ) Tj ET Q q 0 0 0 rg BT 412.24 222.10 Td (as ) Tj ET Q q 0 0 0 rg BT 424.62 222.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 462.99 222.10 Td (for ) Tj ET Q q 0 0 0 rg BT 479.36 222.10 Td (participation ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 207.70 Td (by ) Tj ET Q q 0 0 0 rg BT 87.00 207.70 Td (the ) Tj ET Q q 0 0 0 rg BT 104.66 207.70 Td (Committee ) Tj ET Q q 0 0 0 rg BT 160.99 207.70 Td (within ) Tj ET Q q 0 0 0 rg BT 194.65 207.70 Td (the ) Tj ET Q q 0 0 0 rg BT 212.31 207.70 Td (first ) Tj ET Q q 0 0 0 rg BT 234.64 207.70 Td (ninety ) Tj ET Q q 0 0 0 rg BT 267.64 207.70 Td (\(90\) ) Tj ET Q q 0 0 0 rg BT 290.63 207.70 Td (days ) Tj ET Q q 0 0 0 rg BT 315.63 207.70 Td (of ) Tj ET Q q 0 0 0 rg BT 328.62 207.70 Td (such ) Tj ET Q q 0 0 0 rg BT 353.62 207.70 Td (Performance ) Tj ET Q q 0 0 0 rg BT 417.92 207.70 Td (Period.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 178.90 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 178.90 Td (3.2 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 177.30039062499998 m 256.78857421875 177.30039062499998 l s q 0 0 0 rg BT 144.00 178.90 Td (No ) Tj ET Q q 0 0 0 rg BT 162.27 178.90 Td (Right ) Tj ET Q q 0 0 0 rg BT 192.54 178.90 Td (to ) Tj ET Q q 0 0 0 rg BT 205.48 178.90 Td (Participate) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 256.79 178.90 Td (. ) Tj ET Q q 0 0 0 rg BT 263.39 178.90 Td ( ) Tj ET Q q 0 0 0 rg BT 266.99 178.90 Td (No ) Tj ET Q q 0 0 0 rg BT 285.26 178.90 Td (Participant ) Tj ET Q q 0 0 0 rg BT 340.85 178.90 Td (or ) Tj ET Q q 0 0 0 rg BT 354.45 178.90 Td (other ) Tj ET Q q 0 0 0 rg BT 382.70 178.90 Td (employee ) Tj ET Q q 0 0 0 rg BT 432.95 178.90 Td (of ) Tj ET Q q 0 0 0 rg BT 446.55 178.90 Td (the ) Tj ET Q q 0 0 0 rg BT 464.81 178.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 515.08 178.90 Td (or ) Tj ET Q q 0 0 0 rg BT 528.68 178.90 Td (an ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 164.50 Td (af) Tj ET Q q 0 0 0 rg BT 81.11 164.50 Td (filiate ) Tj ET Q q 0 0 0 rg BT 112.18 164.50 Td (shall, ) Tj ET Q q 0 0 0 rg BT 140.93 164.50 Td (at ) Tj ET Q q 0 0 0 rg BT 152.67 164.50 Td (any ) Tj ET Q q 0 0 0 rg BT 173.09 164.50 Td (time, ) Tj ET Q q 0 0 0 rg BT 200.50 164.50 Td (have ) Tj ET Q q 0 0 0 rg BT 226.24 164.50 Td (a ) Tj ET Q q 0 0 0 rg BT 234.65 164.50 Td (right ) Tj ET Q q 0 0 0 rg BT 260.40 164.50 Td (to ) Tj ET Q q 0 0 0 rg BT 272.82 164.50 Td (participate ) Tj ET Q q 0 0 0 rg BT 326.55 164.50 Td (in ) Tj ET Q q 0 0 0 rg BT 338.97 164.50 Td (this ) Tj ET Q q 0 0 0 rg BT 359.39 164.50 Td (Program ) Tj ET Q q 0 0 0 rg BT 403.80 164.50 Td (for ) Tj ET Q q 0 0 0 rg BT 420.88 164.50 Td (any ) Tj ET Q q 0 0 0 rg BT 441.29 164.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 505.68 164.50 Td (Period, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 150.10 Td (notwithstanding ) Tj ET Q q 0 0 0 rg BT 152.33 150.10 Td (having ) Tj ET Q q 0 0 0 rg BT 187.99 150.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 241.65 150.10 Td (participated ) Tj ET Q q 0 0 0 rg BT 301.29 150.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.62 150.10 Td (this ) Tj ET Q q 0 0 0 rg BT 333.96 150.10 Td (Program.) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 273.3 107.70039062499995 m 338.7931640625 107.70039062499995 l s q 0 0 0 rg BT 273.30 109.30 Td (AR) Tj ET Q q 0 0 0 rg BT 289.25 109.30 Td (TICLE IV) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 254.65 78.900390625 m 357.312109375 78.900390625 l s q 0 0 0 rg BT 254.65 80.50 Td (ADMINISTRA) Tj ET Q q 0 0 0 rg BT 328.65 80.50 Td (TION) Tj ET Q endstream endobj 187 0 obj <> endobj 188 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 60.60 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 51.00 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 697.30 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 697.30 Td (4.1 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 695.700390625 m 190.9189453125 695.700390625 l s q 0 0 0 rg BT 144.00 697.30 Td (Generally) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 190.53 697.30 Td (. ) Tj ET Q q 0 0 0 rg BT 195.64 697.30 Td ( ) Tj ET Q q 0 0 0 rg BT 197.60 697.30 Td (The ) Tj ET Q q 0 0 0 rg BT 218.37 697.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 273.81 697.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 298.59 697.30 Td (establish ) Tj ET Q q 0 0 0 rg BT 342.70 697.30 Td (the ) Tj ET Q q 0 0 0 rg BT 359.47 697.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 385.59 697.30 Td (for ) Tj ET Q q 0 0 0 rg BT 401.69 697.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 449.80 697.30 Td (under ) Tj ET Q q 0 0 0 rg BT 479.23 697.30 Td (this ) Tj ET Q q 0 0 0 rg BT 498.69 697.30 Td (Program ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 682.90 Td (in ) Tj ET Q q 0 0 0 rg BT 84.03 682.90 Td (relation ) Tj ET Q q 0 0 0 rg BT 123.38 682.90 Td (to ) Tj ET Q q 0 0 0 rg BT 135.42 682.90 Td (specified ) Tj ET Q q 0 0 0 rg BT 181.43 682.90 Td (Performance ) Tj ET Q q 0 0 0 rg BT 245.43 682.90 Td (Goals, ) Tj ET Q q 0 0 0 rg BT 279.13 682.90 Td (as ) Tj ET Q q 0 0 0 rg BT 291.82 682.90 Td (more ) Tj ET Q q 0 0 0 rg BT 319.18 682.90 Td (fully ) Tj ET Q q 0 0 0 rg BT 344.54 682.90 Td (described ) Tj ET Q q 0 0 0 rg BT 393.22 682.90 Td (in ) Tj ET Q q 0 0 0 rg BT 404.66 682.90 Td (Article ) Tj ET Q q 0 0 0 rg BT 440.48 682.90 Td (V) Tj ET Q q 0 0 0 rg BT 448.93 682.90 Td ( ) Tj ET Q q 0 0 0 rg BT 451.63 682.90 Td (hereof. ) Tj ET Q q 0 0 0 rg BT 487.97 682.90 Td ( ) Tj ET Q q 0 0 0 rg BT 490.67 682.90 Td (Following ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 668.50 Td (the ) Tj ET Q q 0 0 0 rg BT 90.29 668.50 Td (end ) Tj ET Q q 0 0 0 rg BT 111.25 668.50 Td (of ) Tj ET Q q 0 0 0 rg BT 124.89 668.50 Td (each ) Tj ET Q q 0 0 0 rg BT 150.50 668.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 215.43 668.50 Td (Period, ) Tj ET Q q 0 0 0 rg BT 253.40 668.50 Td (once ) Tj ET Q q 0 0 0 rg BT 279.68 668.50 Td (all ) Tj ET Q q 0 0 0 rg BT 295.31 668.50 Td (of ) Tj ET Q q 0 0 0 rg BT 308.94 668.50 Td (the ) Tj ET Q q 0 0 0 rg BT 327.24 668.50 Td (information ) Tj ET Q q 0 0 0 rg BT 387.53 668.50 Td (necessary ) Tj ET Q q 0 0 0 rg BT 437.80 668.50 Td (for ) Tj ET Q q 0 0 0 rg BT 455.43 668.50 Td (the ) Tj ET Q q 0 0 0 rg BT 473.72 668.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 530.68 668.50 Td (to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 654.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 123.46 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.60 654.10 Td (Company) Tj ET Q q 0 0 0 rg BT 191.60 654.10 Td (s ) Tj ET Q q 0 0 0 rg BT 199.75 654.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 263.87 654.10 Td (is ) Tj ET Q q 0 0 0 rg BT 275.35 654.10 Td (made ) Tj ET Q q 0 0 0 rg BT 304.82 654.10 Td (available ) Tj ET Q q 0 0 0 rg BT 351.61 654.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.43 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.57 654.10 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 442.38 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.53 654.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 517.34 654.10 Td (shall ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 639.70 Td (determine ) Tj ET Q q 0 0 0 rg BT 123.31 639.70 Td (the ) Tj ET Q q 0 0 0 rg BT 141.30 639.70 Td (portion ) Tj ET Q q 0 0 0 rg BT 179.29 639.70 Td (of ) Tj ET Q q 0 0 0 rg BT 192.62 639.70 Td (the ) Tj ET Q q 0 0 0 rg BT 210.60 639.70 Td (Performance ) Tj ET Q q 0 0 0 rg BT 275.24 639.70 Td (Shares ) Tj ET Q q 0 0 0 rg BT 310.56 639.70 Td (payable ) Tj ET Q q 0 0 0 rg BT 351.20 639.70 Td (to ) Tj ET Q q 0 0 0 rg BT 363.86 639.70 Td (each ) Tj ET Q q 0 0 0 rg BT 389.17 639.70 Td (Participant; ) Tj ET Q BT /F5 12.00 Tf ET q 0 0 0 rg BT 447.82 639.70 Td (pr) Tj ET Q q 0 0 0 rg BT 458.04 639.70 Td (ovided, ) Tj ET Q q 0 0 0 rg BT 496.36 639.70 Td (however) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 537.01 639.70 Td (, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 625.30 Td (that ) Tj ET Q q 0 0 0 rg BT 92.36 625.30 Td (any ) Tj ET Q q 0 0 0 rg BT 112.04 625.30 Td (such ) Tj ET Q q 0 0 0 rg BT 136.40 625.30 Td (determination ) Tj ET Q q 0 0 0 rg BT 205.41 625.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 230.43 625.30 Td (be ) Tj ET Q q 0 0 0 rg BT 244.12 625.30 Td (made ) Tj ET Q q 0 0 0 rg BT 272.47 625.30 Td (no ) Tj ET Q q 0 0 0 rg BT 286.83 625.30 Td (later ) Tj ET Q q 0 0 0 rg BT 310.51 625.30 Td (than ) Tj ET Q q 0 0 0 rg BT 333.53 625.30 Td (thirty ) Tj ET Q q 0 0 0 rg BT 361.89 625.30 Td (\(30\) ) Tj ET Q q 0 0 0 rg BT 384.24 625.30 Td (days ) Tj ET Q q 0 0 0 rg BT 408.60 625.30 Td (following ) Tj ET Q q 0 0 0 rg BT 457.62 625.30 Td (the ) Tj ET Q q 0 0 0 rg BT 474.64 625.30 Td (date ) Tj ET Q q 0 0 0 rg BT 496.99 625.30 Td (the ) Tj ET Q q 0 0 0 rg BT 514.01 625.30 Td (Form ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 610.90 Td (10-K ) Tj ET Q q 0 0 0 rg BT 99.71 610.90 Td (or ) Tj ET Q q 0 0 0 rg BT 112.76 610.90 Td (Form ) Tj ET Q q 0 0 0 rg BT 141.82 610.90 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 169.54 610.90 Td (for ) Tj ET Q q 0 0 0 rg BT 186.58 610.90 Td (the ) Tj ET Q q 0 0 0 rg BT 204.29 610.90 Td (last ) Tj ET Q q 0 0 0 rg BT 224.01 610.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 253.05 610.90 Td (year ) Tj ET Q q 0 0 0 rg BT 276.75 610.90 Td (or ) Tj ET Q q 0 0 0 rg BT 289.80 610.90 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 336.16 610.90 Td (period, ) Tj ET Q q 0 0 0 rg BT 372.87 610.90 Td (as ) Tj ET Q q 0 0 0 rg BT 385.92 610.90 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 441.28 610.90 Td (in ) Tj ET Q q 0 0 0 rg BT 453.67 610.90 Td (such ) Tj ET Q q 0 0 0 rg BT 478.72 610.90 Td (Performance ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 596.50 Td (Period ) Tj ET Q q 0 0 0 rg BT 105.48 596.50 Td (has ) Tj ET Q q 0 0 0 rg BT 123.63 596.50 Td (been ) Tj ET Q q 0 0 0 rg BT 148.43 596.50 Td (filed ) Tj ET Q q 0 0 0 rg BT 172.58 596.50 Td (with ) Tj ET Q q 0 0 0 rg BT 196.06 596.50 Td (the ) Tj ET Q q 0 0 0 rg BT 212.87 596.50 Td (Securities ) Tj ET Q q 0 0 0 rg BT 262.35 596.50 Td (and ) Tj ET Q q 0 0 0 rg BT 281.82 596.50 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 331.28 596.50 Td (Commission ) Tj ET Q q 0 0 0 rg BT 394.12 596.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 414.92 596.50 Td (date ) Tj ET Q q 0 0 0 rg BT 437.06 596.50 Td (of ) Tj ET Q q 0 0 0 rg BT 449.21 596.50 Td (such ) Tj ET Q q 0 0 0 rg BT 473.36 596.50 Td (determination ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 582.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 98.24 582.10 Td (hereinafter ) Tj ET Q q 0 0 0 rg BT 153.79 582.10 Td (be ) Tj ET Q q 0 0 0 rg BT 168.69 582.10 Td (called ) Tj ET Q q 0 0 0 rg BT 200.92 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.16 582.10 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 224.484375 580.500390625 m 320.02734375 580.500390625 l s q 0 0 0 rg BT 224.48 582.10 Td (Determination ) Tj ET Q q 0 0 0 rg BT 297.38 582.10 Td (Date) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 320.03 582.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 335.93 582.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.25 582.10 Td (The ) Tj ET Q q 0 0 0 rg BT 361.49 582.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 418.39 582.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 444.64 582.10 Td (have ) Tj ET Q q 0 0 0 rg BT 470.87 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.11 582.10 Td (power ) Tj ET Q q 0 0 0 rg BT 522.68 582.10 Td (and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 567.70 Td (authority ) Tj ET Q q 0 0 0 rg BT 119.56 567.70 Td (granted ) Tj ET Q q 0 0 0 rg BT 159.79 567.70 Td (it ) Tj ET Q q 0 0 0 rg BT 170.69 567.70 Td (under ) Tj ET Q q 0 0 0 rg BT 201.32 567.70 Td (Article ) Tj ET Q q 0 0 0 rg BT 238.87 567.70 Td (13 ) Tj ET Q q 0 0 0 rg BT 255.11 567.70 Td (of ) Tj ET Q q 0 0 0 rg BT 269.35 567.70 Td (the ) Tj ET Q q 0 0 0 rg BT 288.25 567.70 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 316.82 567.70 Td (including, ) Tj ET Q q 0 0 0 rg BT 369.39 567.70 Td (without ) Tj ET Q q 0 0 0 rg BT 410.30 567.70 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 464.20 567.70 Td (the ) Tj ET Q q 0 0 0 rg BT 483.10 567.70 Td (authority ) Tj ET Q q 0 0 0 rg BT 530.66 567.70 Td (to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 553.30 Td (construe ) Tj ET Q q 0 0 0 rg BT 118.52 553.30 Td (and ) Tj ET Q q 0 0 0 rg BT 141.72 553.30 Td (interpret ) Tj ET Q q 0 0 0 rg BT 188.24 553.30 Td (this ) Tj ET Q q 0 0 0 rg BT 211.45 553.30 Td (Program, ) Tj ET Q q 0 0 0 rg BT 261.65 553.30 Td (to ) Tj ET Q q 0 0 0 rg BT 276.86 553.30 Td (prescribe, ) Tj ET Q q 0 0 0 rg BT 329.70 553.30 Td (amend ) Tj ET Q q 0 0 0 rg BT 367.56 553.30 Td (and ) Tj ET Q q 0 0 0 rg BT 390.76 553.30 Td (rescind ) Tj ET Q q 0 0 0 rg BT 431.28 553.30 Td (rules, ) Tj ET Q q 0 0 0 rg BT 463.48 553.30 Td (regulations ) Tj ET Q q 0 0 0 rg BT 522.67 553.30 Td (and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 538.90 Td (procedures ) Tj ET Q q 0 0 0 rg BT 126.65 538.90 Td (relating ) Tj ET Q q 0 0 0 rg BT 165.31 538.90 Td (to ) Tj ET Q q 0 0 0 rg BT 176.66 538.90 Td (its ) Tj ET Q q 0 0 0 rg BT 190.01 538.90 Td (administration ) Tj ET Q q 0 0 0 rg BT 261.34 538.90 Td (and ) Tj ET Q q 0 0 0 rg BT 280.68 538.90 Td (to ) Tj ET Q q 0 0 0 rg BT 292.02 538.90 Td (make ) Tj ET Q q 0 0 0 rg BT 320.02 538.90 Td (all ) Tj ET Q q 0 0 0 rg BT 334.03 538.90 Td (other ) Tj ET Q q 0 0 0 rg BT 360.69 538.90 Td (determinations ) Tj ET Q q 0 0 0 rg BT 434.02 538.90 Td (necessary ) Tj ET Q q 0 0 0 rg BT 482.67 538.90 Td (or ) Tj ET Q q 0 0 0 rg BT 494.68 538.90 Td (advisable ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 524.50 Td (for ) Tj ET Q q 0 0 0 rg BT 89.21 524.50 Td (administration ) Tj ET Q q 0 0 0 rg BT 161.76 524.50 Td (of ) Tj ET Q q 0 0 0 rg BT 174.98 524.50 Td (this ) Tj ET Q q 0 0 0 rg BT 195.54 524.50 Td (Program. ) Tj ET Q q 0 0 0 rg BT 243.09 524.50 Td ( ) Tj ET Q q 0 0 0 rg BT 246.31 524.50 Td (Decisions ) Tj ET Q q 0 0 0 rg BT 296.86 524.50 Td (of ) Tj ET Q q 0 0 0 rg BT 310.08 524.50 Td (the ) Tj ET Q q 0 0 0 rg BT 327.96 524.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 384.51 524.50 Td (in ) Tj ET Q q 0 0 0 rg BT 397.07 524.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 454.24 524.50 Td (with ) Tj ET Q q 0 0 0 rg BT 478.80 524.50 Td (the ) Tj ET Q q 0 0 0 rg BT 496.68 524.50 Td (authority ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 510.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 112.49 510.10 Td (hereby ) Tj ET Q q 0 0 0 rg BT 149.65 510.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 176.82 510.10 Td (be ) Tj ET Q q 0 0 0 rg BT 192.65 510.10 Td (conclusive ) Tj ET Q q 0 0 0 rg BT 248.48 510.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.31 510.10 Td (binding. ) Tj ET Q q 0 0 0 rg BT 314.49 510.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.00 510.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 359.50 510.10 Td (only ) Tj ET Q q 0 0 0 rg BT 385.34 510.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.19 510.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 459.00 510.10 Td (with ) Tj ET Q q 0 0 0 rg BT 484.84 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.01 510.10 Td (express ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 495.70 Td (provisions ) Tj ET Q q 0 0 0 rg BT 124.48 495.70 Td (hereof, ) Tj ET Q q 0 0 0 rg BT 160.60 495.70 Td (the ) Tj ET Q q 0 0 0 rg BT 177.73 495.70 Td (Committee ) Tj ET Q q 0 0 0 rg BT 233.53 495.70 Td (may ) Tj ET Q q 0 0 0 rg BT 256.67 495.70 Td (act ) Tj ET Q q 0 0 0 rg BT 273.13 495.70 Td (in ) Tj ET Q q 0 0 0 rg BT 284.93 495.70 Td (its ) Tj ET Q q 0 0 0 rg BT 298.75 495.70 Td (sole ) Tj ET Q q 0 0 0 rg BT 320.55 495.70 Td (and ) Tj ET Q q 0 0 0 rg BT 340.35 495.70 Td (absolute ) Tj ET Q q 0 0 0 rg BT 382.81 495.70 Td (discretion ) Tj ET Q q 0 0 0 rg BT 432.61 495.70 Td (with ) Tj ET Q q 0 0 0 rg BT 456.42 495.70 Td (respect ) Tj ET Q q 0 0 0 rg BT 492.87 495.70 Td (to ) Tj ET Q q 0 0 0 rg BT 504.68 495.70 Td (matters ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 481.30 Td (within ) Tj ET Q q 0 0 0 rg BT 105.67 481.30 Td (its ) Tj ET Q q 0 0 0 rg BT 120.01 481.30 Td (authority ) Tj ET Q q 0 0 0 rg BT 166.33 481.30 Td (under ) Tj ET Q q 0 0 0 rg BT 196.65 481.30 Td (this ) Tj ET Q q 0 0 0 rg BT 216.99 481.30 Td (Program.) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 275.4 450.900390625 m 336.6802734375 450.900390625 l s q 0 0 0 rg BT 275.40 452.50 Td (AR) Tj ET Q q 0 0 0 rg BT 291.35 452.50 Td (TICLE ) Tj ET Q q 0 0 0 rg BT 328.12 452.50 Td (V) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 230.65 422.100390625 m 381.347265625 422.100390625 l s q 0 0 0 rg BT 230.65 423.70 Td (A) Tj ET Q q 0 0 0 rg BT 238.36 423.70 Td (W) Tj ET Q q 0 0 0 rg BT 248.35 423.70 Td (ARD DETERMINA) Tj ET Q q 0 0 0 rg BT 346.02 423.70 Td (TIONS) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 409.30 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 394.90 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 394.90 Td (5.1 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 393.300390625 m 293.7275390625 393.300390625 l s q 0 0 0 rg BT 144.00 394.90 Td (A) Tj ET Q q 0 0 0 rg BT 151.56 394.90 Td (ward ) Tj ET Q q 0 0 0 rg BT 180.51 394.90 Td (of ) Tj ET Q q 0 0 0 rg BT 195.47 394.90 Td (Performance ) Tj ET Q q 0 0 0 rg BT 261.74 394.90 Td (Shares) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 293.73 394.90 Td (. ) Tj ET Q q 0 0 0 rg BT 301.69 394.90 Td ( ) Tj ET Q q 0 0 0 rg BT 306.29 394.90 Td (The ) Tj ET Q q 0 0 0 rg BT 329.91 394.90 Td (Committee ) Tj ET Q q 0 0 0 rg BT 388.20 394.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 415.83 394.90 Td (determine ) Tj ET Q q 0 0 0 rg BT 468.76 394.90 Td (the ) Tj ET Q q 0 0 0 rg BT 488.39 394.90 Td (number ) Tj ET Q q 0 0 0 rg BT 530.00 394.90 Td (of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 380.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 135.41 380.50 Td (Shares ) Tj ET Q q 0 0 0 rg BT 169.51 380.50 Td (\(rounded ) Tj ET Q q 0 0 0 rg BT 214.93 380.50 Td (down ) Tj ET Q q 0 0 0 rg BT 243.70 380.50 Td (to ) Tj ET Q q 0 0 0 rg BT 255.14 380.50 Td (the ) Tj ET Q q 0 0 0 rg BT 271.91 380.50 Td (nearest ) Tj ET Q q 0 0 0 rg BT 308.00 380.50 Td (whole ) Tj ET Q q 0 0 0 rg BT 339.43 380.50 Td (number\) ) Tj ET Q q 0 0 0 rg BT 382.19 380.50 Td (to ) Tj ET Q q 0 0 0 rg BT 393.63 380.50 Td (be ) Tj ET Q q 0 0 0 rg BT 407.06 380.50 Td (awarded ) Tj ET Q q 0 0 0 rg BT 449.81 380.50 Td (under ) Tj ET Q q 0 0 0 rg BT 479.24 380.50 Td (this ) Tj ET Q q 0 0 0 rg BT 498.68 380.50 Td (Program ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 366.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.33 366.10 Td (each ) Tj ET Q q 0 0 0 rg BT 109.31 366.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 164.30 366.10 Td (with ) Tj ET Q q 0 0 0 rg BT 188.63 366.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 225.61 366.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.94 366.10 Td (such ) Tj ET Q q 0 0 0 rg BT 262.94 366.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 327.24 366.10 Td (Period. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 337.30 Td (5.2 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 335.700390625 m 275.43896484375 335.700390625 l s q 0 0 0 rg BT 144.00 337.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 208.79 337.30 Td (Requirements) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 275.44 337.30 Td (. ) Tj ET Q q 0 0 0 rg BT 281.93 337.30 Td ( ) Tj ET Q q 0 0 0 rg BT 285.16 337.30 Td (The ) Tj ET Q q 0 0 0 rg BT 307.31 337.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 364.12 337.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 390.27 337.30 Td (approve ) Tj ET Q q 0 0 0 rg BT 432.41 337.30 Td (the ) Tj ET Q q 0 0 0 rg BT 450.56 337.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 514.67 337.30 Td (goals ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 322.90 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 131.19 322.90 Td (, ) Tj ET Q q 0 0 0 rg BT 136.70 322.90 Td (the ) Tj ET Q q 0 0 0 rg BT 153.87 322.90 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 159.1962890625 321.300390625 m 251.00244140625 321.300390625 l s q 0 0 0 rg BT 159.20 322.90 Td (Performance ) Tj ET Q q 0 0 0 rg BT 223.01 322.90 Td (Goals) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 251.00 322.90 Td (\) ) Tj ET Q q 0 0 0 rg BT 262.83 322.90 Td (with ) Tj ET Q q 0 0 0 rg BT 286.68 322.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 323.17 322.90 Td (to ) Tj ET Q q 0 0 0 rg BT 335.01 322.90 Td (any ) Tj ET Q q 0 0 0 rg BT 354.84 322.90 Td (of ) Tj ET Q q 0 0 0 rg BT 367.35 322.90 Td (the ) Tj ET Q q 0 0 0 rg BT 384.52 322.90 Td (business ) Tj ET Q q 0 0 0 rg BT 427.70 322.90 Td (criteria ) Tj ET Q q 0 0 0 rg BT 464.18 322.90 Td (permitted ) Tj ET Q q 0 0 0 rg BT 512.67 322.90 Td (under ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 308.50 Td (the ) Tj ET Q q 0 0 0 rg BT 89.67 308.50 Td (Plan\), ) Tj ET Q q 0 0 0 rg BT 121.00 308.50 Td (each ) Tj ET Q q 0 0 0 rg BT 145.99 308.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 182.99 308.50 Td (to ) Tj ET Q q 0 0 0 rg BT 195.33 308.50 Td (such ) Tj ET Q q 0 0 0 rg BT 220.33 308.50 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 280.67 308.50 Td (as ) Tj ET Q q 0 0 0 rg BT 293.67 308.50 Td (the ) Tj ET Q q 0 0 0 rg BT 311.34 308.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 367.67 308.50 Td (may ) Tj ET Q q 0 0 0 rg BT 391.34 308.50 Td (specify ) Tj ET Q q 0 0 0 rg BT 429.00 308.50 Td (in ) Tj ET Q q 0 0 0 rg BT 441.34 308.50 Td (writing ) Tj ET Q q 0 0 0 rg BT 479.01 308.50 Td (at ) Tj ET Q q 0 0 0 rg BT 490.68 308.50 Td (such ) Tj ET Q q 0 0 0 rg BT 515.68 308.50 Td (time, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 294.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.05 294.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 119.43 294.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 165.15 294.10 Td (a ) Tj ET Q q 0 0 0 rg BT 174.20 294.10 Td (formula, ) Tj ET Q q 0 0 0 rg BT 218.91 294.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 263.28 294.10 Td (or ) Tj ET Q q 0 0 0 rg BT 277.00 294.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 322.71 294.10 Td (which ) Tj ET Q q 0 0 0 rg BT 355.75 294.10 Td (aligns ) Tj ET Q q 0 0 0 rg BT 388.14 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.52 294.10 Td (level ) Tj ET Q q 0 0 0 rg BT 433.56 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.28 294.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 511.64 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.36 294.10 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 279.70 Td (Performance ) Tj ET Q q 0 0 0 rg BT 136.30 279.70 Td (Goals ) Tj ET Q q 0 0 0 rg BT 167.30 279.70 Td (with ) Tj ET Q q 0 0 0 rg BT 191.63 279.70 Td (the ) Tj ET Q q 0 0 0 rg BT 209.29 279.70 Td (earned ) Tj ET Q q 0 0 0 rg BT 244.27 279.70 Td (Performance ) Tj ET Q q 0 0 0 rg BT 308.57 279.70 Td (Shares. ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 273.3 251.70039062499995 m 338.684765625 251.70039062499995 l s q 0 0 0 rg BT 273.30 253.30 Td (AR) Tj ET Q q 0 0 0 rg BT 289.25 253.30 Td (TICLE ) Tj ET Q q 0 0 0 rg BT 326.02 253.30 Td (VI) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 243 222.900390625 m 368.970703125 222.900390625 l s q 0 0 0 rg BT 243.00 224.50 Td (P) Tj ET Q q 0 0 0 rg BT 248.57 224.50 Td (A) Tj ET Q q 0 0 0 rg BT 256.14 224.50 Td (YMENT) Tj ET Q q 0 0 0 rg BT 298.58 224.50 Td ( OF ) Tj ET Q q 0 0 0 rg BT 319.26 224.50 Td (A) Tj ET Q q 0 0 0 rg BT 326.96 224.50 Td (W) Tj ET Q q 0 0 0 rg BT 336.96 224.50 Td (ARDS) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 195.70 Td (6.1 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 194.10039062500005 m 296.48876953125 194.10039062500005 l s q 0 0 0 rg BT 144.00 195.70 Td (Form ) Tj ET Q q 0 0 0 rg BT 175.67 195.70 Td (and ) Tj ET Q q 0 0 0 rg BT 198.25 195.70 Td (T) Tj ET Q q 0 0 0 rg BT 205.16 195.70 Td (iming ) Tj ET Q q 0 0 0 rg BT 238.83 195.70 Td (of ) Tj ET Q q 0 0 0 rg BT 254.49 195.70 Td (Payment) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 296.49 195.70 Td (. ) Tj ET Q q 0 0 0 rg BT 305.16 195.70 Td ( ) Tj ET Q q 0 0 0 rg BT 310.82 195.70 Td (Except ) Tj ET Q q 0 0 0 rg BT 349.81 195.70 Td (as ) Tj ET Q q 0 0 0 rg BT 365.47 195.70 Td (set ) Tj ET Q q 0 0 0 rg BT 384.47 195.70 Td (forth ) Tj ET Q q 0 0 0 rg BT 413.46 195.70 Td (in ) Tj ET Q q 0 0 0 rg BT 428.46 195.70 Td (Section ) Tj ET Q q 0 0 0 rg BT 470.12 195.70 Td (8.1 ) Tj ET Q q 0 0 0 rg BT 490.79 195.70 Td (below) Tj ET Q q 0 0 0 rg BT 519.34 195.70 Td (, ) Tj ET Q q 0 0 0 rg BT 528.00 195.70 Td (no ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 181.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 135.88 181.30 Td (Shares ) Tj ET Q q 0 0 0 rg BT 170.45 181.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 210.34 181.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 254.25 181.30 Td (to ) Tj ET Q q 0 0 0 rg BT 266.16 181.30 Td (this ) Tj ET Q q 0 0 0 rg BT 286.08 181.30 Td (Program ) Tj ET Q q 0 0 0 rg BT 329.99 181.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 355.23 181.30 Td (be ) Tj ET Q q 0 0 0 rg BT 369.14 181.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 392.38 181.30 Td (unless ) Tj ET Q q 0 0 0 rg BT 424.96 181.30 Td (and ) Tj ET Q q 0 0 0 rg BT 444.86 181.30 Td (until ) Tj ET Q q 0 0 0 rg BT 469.44 181.30 Td (the ) Tj ET Q q 0 0 0 rg BT 486.68 181.30 Td (Committee ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 166.90 Td (certifies, ) Tj ET Q q 0 0 0 rg BT 118.84 166.90 Td (in ) Tj ET Q q 0 0 0 rg BT 133.38 166.90 Td (writing, ) Tj ET Q q 0 0 0 rg BT 176.25 166.90 Td (the ) Tj ET Q q 0 0 0 rg BT 196.11 166.90 Td (extent ) Tj ET Q q 0 0 0 rg BT 230.63 166.90 Td (to ) Tj ET Q q 0 0 0 rg BT 245.17 166.90 Td (which ) Tj ET Q q 0 0 0 rg BT 279.70 166.90 Td (the ) Tj ET Q q 0 0 0 rg BT 299.56 166.90 Td (Performance ) Tj ET Q q 0 0 0 rg BT 366.06 166.90 Td (Goals ) Tj ET Q q 0 0 0 rg BT 399.26 166.90 Td (have ) Tj ET Q q 0 0 0 rg BT 427.11 166.90 Td (been ) Tj ET Q q 0 0 0 rg BT 454.97 166.90 Td (achieved ) Tj ET Q q 0 0 0 rg BT 502.81 166.90 Td (and ) Tj ET Q q 0 0 0 rg BT 525.34 166.90 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 152.50 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 143.50 152.50 Td (number ) Tj ET Q q 0 0 0 rg BT 183.02 152.50 Td (of ) Tj ET Q q 0 0 0 rg BT 195.87 152.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 260.03 152.50 Td (Shares ) Tj ET Q q 0 0 0 rg BT 294.88 152.50 Td (earned. ) Tj ET Q q 0 0 0 rg BT 332.71 152.50 Td ( ) Tj ET Q q 0 0 0 rg BT 335.56 152.50 Td (Shares ) Tj ET Q q 0 0 0 rg BT 370.41 152.50 Td (of ) Tj ET Q q 0 0 0 rg BT 383.26 152.50 Td (Common ) Tj ET Q q 0 0 0 rg BT 430.79 152.50 Td (Stock ) Tj ET Q q 0 0 0 rg BT 460.98 152.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 493.84 152.50 Td (in ) Tj ET Q q 0 0 0 rg BT 506.03 152.50 Td (respect ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 138.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.55 138.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 146.40 138.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 179.95 138.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 204.16 138.10 Td (be ) Tj ET Q q 0 0 0 rg BT 217.04 138.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 255.91 138.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.79 138.10 Td (be ) Tj ET Q q 0 0 0 rg BT 279.67 138.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 311.23 138.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.11 138.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 388.31 138.10 Td (for ) Tj ET Q q 0 0 0 rg BT 403.86 138.10 Td (future ) Tj ET Q q 0 0 0 rg BT 434.06 138.10 Td (services ) Tj ET Q q 0 0 0 rg BT 474.26 138.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.15 138.10 Td (be ) Tj ET Q q 0 0 0 rg BT 498.03 138.10 Td (rendered ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 123.70 Td (or ) Tj ET Q q 0 0 0 rg BT 85.26 123.70 Td (past ) Tj ET Q q 0 0 0 rg BT 107.84 123.70 Td (services ) Tj ET Q q 0 0 0 rg BT 149.75 123.70 Td (actually ) Tj ET Q q 0 0 0 rg BT 190.99 123.70 Td (rendered ) Tj ET Q q 0 0 0 rg BT 236.22 123.70 Td (to ) Tj ET Q q 0 0 0 rg BT 248.82 123.70 Td (the ) Tj ET Q q 0 0 0 rg BT 266.73 123.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 316.66 123.70 Td (or ) Tj ET Q q 0 0 0 rg BT 329.91 123.70 Td (for ) Tj ET Q q 0 0 0 rg BT 347.17 123.70 Td (its ) Tj ET Q q 0 0 0 rg BT 361.76 123.70 Td (benefit, ) Tj ET Q q 0 0 0 rg BT 401.34 123.70 Td (by ) Tj ET Q q 0 0 0 rg BT 416.60 123.70 Td (the ) Tj ET Q q 0 0 0 rg BT 434.52 123.70 Td (Participant, ) Tj ET Q q 0 0 0 rg BT 492.76 123.70 Td (which ) Tj ET Q q 0 0 0 rg BT 525.35 123.70 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 109.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 128.33 109.30 Td (deems ) Tj ET Q q 0 0 0 rg BT 161.98 109.30 Td (to ) Tj ET Q q 0 0 0 rg BT 174.32 109.30 Td (have ) Tj ET Q q 0 0 0 rg BT 199.97 109.30 Td (a ) Tj ET Q q 0 0 0 rg BT 208.29 109.30 Td (value ) Tj ET Q q 0 0 0 rg BT 237.28 109.30 Td (at ) Tj ET Q q 0 0 0 rg BT 248.94 109.30 Td (least ) Tj ET Q q 0 0 0 rg BT 273.93 109.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 302.92 109.30 Td (to ) Tj ET Q q 0 0 0 rg BT 315.25 109.30 Td (the ) Tj ET Q q 0 0 0 rg BT 332.91 109.30 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 382.55 109.30 Td (par ) Tj ET Q q 0 0 0 rg BT 400.87 109.30 Td (value ) Tj ET Q q 0 0 0 rg BT 429.86 109.30 Td (thereof.) Tj ET Q endstream endobj 189 0 obj <> endobj 190 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 60.60 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 51.00 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 711.70 Td (6.2 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 710.100390625 m 224.86865234375 710.100390625 l s q 0 0 0 rg BT 144.00 711.70 Td (T) Tj ET Q q 0 0 0 rg BT 150.49 711.70 Td (ax ) Tj ET Q q 0 0 0 rg BT 164.69 711.70 Td (W) Tj ET Q q 0 0 0 rg BT 175.53 711.70 Td (ithholding) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 224.87 711.70 Td (. ) Tj ET Q q 0 0 0 rg BT 230.96 711.70 Td ( ) Tj ET Q q 0 0 0 rg BT 234.05 711.70 Td (Regardless ) Tj ET Q q 0 0 0 rg BT 289.80 711.70 Td (of ) Tj ET Q q 0 0 0 rg BT 302.89 711.70 Td (any ) Tj ET Q q 0 0 0 rg BT 323.30 711.70 Td (action ) Tj ET Q q 0 0 0 rg BT 355.72 711.70 Td (the ) Tj ET Q q 0 0 0 rg BT 373.47 711.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 423.23 711.70 Td (or ) Tj ET Q q 0 0 0 rg BT 436.31 711.70 Td (its ) Tj ET Q q 0 0 0 rg BT 450.74 711.70 Td (af) Tj ET Q q 0 0 0 rg BT 459.85 711.70 Td (filiate ) Tj ET Q q 0 0 0 rg BT 490.93 711.70 Td (takes ) Tj ET Q q 0 0 0 rg BT 518.68 711.70 Td (with ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 697.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 108.95 697.30 Td (to ) Tj ET Q q 0 0 0 rg BT 121.25 697.30 Td (any ) Tj ET Q q 0 0 0 rg BT 141.54 697.30 Td (or ) Tj ET Q q 0 0 0 rg BT 154.51 697.30 Td (all ) Tj ET Q q 0 0 0 rg BT 169.47 697.30 Td (income ) Tj ET Q q 0 0 0 rg BT 207.76 697.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 225.38 697.30 Td (\(including ) Tj ET Q q 0 0 0 rg BT 277.68 697.30 Td (federal, ) Tj ET Q q 0 0 0 rg BT 316.95 697.30 Td (state ) Tj ET Q q 0 0 0 rg BT 341.91 697.30 Td (and ) Tj ET Q q 0 0 0 rg BT 362.20 697.30 Td (local ) Tj ET Q q 0 0 0 rg BT 388.49 697.30 Td (taxes\), ) Tj ET Q q 0 0 0 rg BT 423.11 697.30 Td (social ) Tj ET Q q 0 0 0 rg BT 454.07 697.30 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 506.01 697.30 Td (payroll ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 682.90 Td (tax, ) Tj ET Q q 0 0 0 rg BT 91.65 682.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 134.96 682.90 Td (on ) Tj ET Q q 0 0 0 rg BT 148.95 682.90 Td (account ) Tj ET Q q 0 0 0 rg BT 188.25 682.90 Td (or ) Tj ET Q q 0 0 0 rg BT 200.24 682.90 Td (other ) Tj ET Q q 0 0 0 rg BT 226.88 682.90 Td (tax-related ) Tj ET Q q 0 0 0 rg BT 280.17 682.90 Td (items ) Tj ET Q q 0 0 0 rg BT 308.16 682.90 Td (related ) Tj ET Q q 0 0 0 rg BT 342.79 682.90 Td (to ) Tj ET Q q 0 0 0 rg BT 354.11 682.90 Td (participation ) Tj ET Q q 0 0 0 rg BT 416.75 682.90 Td (in ) Tj ET Q q 0 0 0 rg BT 428.07 682.90 Td (the ) Tj ET Q q 0 0 0 rg BT 444.72 682.90 Td (Program ) Tj ET Q q 0 0 0 rg BT 488.03 682.90 Td (and ) Tj ET Q q 0 0 0 rg BT 507.35 682.90 Td (legally ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 668.50 Td (applicable ) Tj ET Q q 0 0 0 rg BT 125.00 668.50 Td (to ) Tj ET Q q 0 0 0 rg BT 138.04 668.50 Td (the ) Tj ET Q q 0 0 0 rg BT 156.39 668.50 Td (Participant ) Tj ET Q q 0 0 0 rg BT 212.07 668.50 Td (\() Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 221.396484375 666.900390625 m 298.91015625 666.900390625 l s q 0 0 0 rg BT 221.40 668.50 Td (T) Tj ET Q q 0 0 0 rg BT 227.89 668.50 Td (ax ) Tj ET Q q 0 0 0 rg BT 242.91 668.50 Td (Obligations) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 298.91 668.50 Td (\), ) Tj ET Q q 0 0 0 rg BT 314.93 668.50 Td (the ) Tj ET Q q 0 0 0 rg BT 333.29 668.50 Td (Participant ) Tj ET Q q 0 0 0 rg BT 388.97 668.50 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 460.64 668.50 Td (that ) Tj ET Q q 0 0 0 rg BT 482.33 668.50 Td (the ) Tj ET Q q 0 0 0 rg BT 500.69 668.50 Td (ultimate ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 654.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 112.32 654.10 Td (for ) Tj ET Q q 0 0 0 rg BT 129.30 654.10 Td (all ) Tj ET Q q 0 0 0 rg BT 144.07 654.10 Td (T) Tj ET Q q 0 0 0 rg BT 150.56 654.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 164.87 654.10 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 223.86 654.10 Td (is ) Tj ET Q q 0 0 0 rg BT 234.85 654.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.17 654.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 296.14 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.79 654.10 Td (Participant) Tj ET Q q 0 0 0 rg BT 369.11 654.10 Td (s ) Tj ET Q q 0 0 0 rg BT 376.76 654.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 445.08 654.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.40 654.10 Td (may ) Tj ET Q q 0 0 0 rg BT 489.05 654.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 525.34 654.10 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 639.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 109.96 639.70 Td (actually ) Tj ET Q q 0 0 0 rg BT 149.90 639.70 Td (withheld ) Tj ET Q q 0 0 0 rg BT 193.85 639.70 Td (by ) Tj ET Q q 0 0 0 rg BT 207.81 639.70 Td (the ) Tj ET Q q 0 0 0 rg BT 224.44 639.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 273.06 639.70 Td (and/or ) Tj ET Q q 0 0 0 rg BT 305.68 639.70 Td (its ) Tj ET Q q 0 0 0 rg BT 318.98 639.70 Td (af) Tj ET Q q 0 0 0 rg BT 328.08 639.70 Td (filiate. ) Tj ET Q q 0 0 0 rg BT 361.03 639.70 Td ( ) Tj ET Q q 0 0 0 rg BT 362.85 639.70 Td (The ) Tj ET Q q 0 0 0 rg BT 383.47 639.70 Td (Participant ) Tj ET Q q 0 0 0 rg BT 437.41 639.70 Td (further ) Tj ET Q q 0 0 0 rg BT 472.02 639.70 Td (acknowledges ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 625.30 Td (that ) Tj ET Q q 0 0 0 rg BT 94.33 625.30 Td (the ) Tj ET Q q 0 0 0 rg BT 113.33 625.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 164.33 625.30 Td (and/or ) Tj ET Q q 0 0 0 rg BT 199.32 625.30 Td (its ) Tj ET Q q 0 0 0 rg BT 214.99 625.30 Td (af) Tj ET Q q 0 0 0 rg BT 224.10 625.30 Td (filiate ) Tj ET Q q 0 0 0 rg BT 256.42 625.30 Td (\(i\)make ) Tj ET Q q 0 0 0 rg BT 301.07 625.30 Td (no ) Tj ET Q q 0 0 0 rg BT 317.40 625.30 Td (representations ) Tj ET Q q 0 0 0 rg BT 394.38 625.30 Td (or ) Tj ET Q q 0 0 0 rg BT 408.71 625.30 Td (undertakings ) Tj ET Q q 0 0 0 rg BT 475.03 625.30 Td (regarding ) Tj ET Q q 0 0 0 rg BT 525.35 625.30 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 610.90 Td (treatment ) Tj ET Q q 0 0 0 rg BT 119.08 610.90 Td (of ) Tj ET Q q 0 0 0 rg BT 130.85 610.90 Td (any ) Tj ET Q q 0 0 0 rg BT 149.81 610.90 Td (T) Tj ET Q q 0 0 0 rg BT 156.31 610.90 Td (ax ) Tj ET Q q 0 0 0 rg BT 169.40 610.90 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 227.17 610.90 Td (in ) Tj ET Q q 0 0 0 rg BT 238.27 610.90 Td (connection ) Tj ET Q q 0 0 0 rg BT 292.69 610.90 Td (with ) Tj ET Q q 0 0 0 rg BT 315.79 610.90 Td (any ) Tj ET Q q 0 0 0 rg BT 334.89 610.90 Td (aspect ) Tj ET Q q 0 0 0 rg BT 366.64 610.90 Td (of ) Tj ET Q q 0 0 0 rg BT 378.41 610.90 Td (the ) Tj ET Q q 0 0 0 rg BT 394.83 610.90 Td (Performance ) Tj ET Q q 0 0 0 rg BT 457.91 610.90 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 494.67 610.90 Td (including ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 596.50 Td (the ) Tj ET Q q 0 0 0 rg BT 90.96 596.50 Td (grant ) Tj ET Q q 0 0 0 rg BT 119.91 596.50 Td (of ) Tj ET Q q 0 0 0 rg BT 134.20 596.50 Td (the ) Tj ET Q q 0 0 0 rg BT 153.16 596.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 218.76 596.50 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 258.04 596.50 Td (the ) Tj ET Q q 0 0 0 rg BT 277.00 596.50 Td (vesting ) Tj ET Q q 0 0 0 rg BT 315.96 596.50 Td (of ) Tj ET Q q 0 0 0 rg BT 330.25 596.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 395.85 596.50 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 435.14 596.50 Td (the ) Tj ET Q q 0 0 0 rg BT 454.10 596.50 Td (conversion ) Tj ET Q q 0 0 0 rg BT 511.04 596.50 Td (of ) Tj ET Q q 0 0 0 rg BT 525.34 596.50 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 582.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 135.29 582.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 169.27 582.10 Td (into ) Tj ET Q q 0 0 0 rg BT 189.93 582.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 224.91 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.56 582.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 296.87 582.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 317.52 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.50 582.10 Td (any ) Tj ET Q q 0 0 0 rg BT 348.82 582.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 380.79 582.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 424.09 582.10 Td (at ) Tj ET Q q 0 0 0 rg BT 434.74 582.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 471.40 582.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.71 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.36 582.10 Td (receipt ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 567.70 Td (of ) Tj ET Q q 0 0 0 rg BT 84.50 567.70 Td (any ) Tj ET Q q 0 0 0 rg BT 104.33 567.70 Td (dividends; ) Tj ET Q q 0 0 0 rg BT 156.84 567.70 Td (and ) Tj ET Q q 0 0 0 rg BT 176.67 567.70 Td (\(ii\)do ) Tj ET Q q 0 0 0 rg BT 208.84 567.70 Td (not ) Tj ET Q q 0 0 0 rg BT 226.68 567.70 Td (commit ) Tj ET Q q 0 0 0 rg BT 265.85 567.70 Td (to ) Tj ET Q q 0 0 0 rg BT 277.69 567.70 Td (and ) Tj ET Q q 0 0 0 rg BT 297.52 567.70 Td (are ) Tj ET Q q 0 0 0 rg BT 314.67 567.70 Td (under ) Tj ET Q q 0 0 0 rg BT 344.50 567.70 Td (no ) Tj ET Q q 0 0 0 rg BT 359.01 567.70 Td (obligation ) Tj ET Q q 0 0 0 rg BT 410.18 567.70 Td (to ) Tj ET Q q 0 0 0 rg BT 422.02 567.70 Td (structure ) Tj ET Q q 0 0 0 rg BT 466.51 567.70 Td (the ) Tj ET Q q 0 0 0 rg BT 483.67 567.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 512.84 567.70 Td (of ) Tj ET Q q 0 0 0 rg BT 525.34 567.70 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 553.30 Td (grant ) Tj ET Q q 0 0 0 rg BT 99.73 553.30 Td (or ) Tj ET Q q 0 0 0 rg BT 112.81 553.30 Td (any ) Tj ET Q q 0 0 0 rg BT 133.21 553.30 Td (aspect ) Tj ET Q q 0 0 0 rg BT 166.27 553.30 Td (of ) Tj ET Q q 0 0 0 rg BT 179.35 553.30 Td (the ) Tj ET Q q 0 0 0 rg BT 197.08 553.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 261.46 553.30 Td (Shares ) Tj ET Q q 0 0 0 rg BT 296.53 553.30 Td (to ) Tj ET Q q 0 0 0 rg BT 308.94 553.30 Td (reduce ) Tj ET Q q 0 0 0 rg BT 344.00 553.30 Td (or ) Tj ET Q q 0 0 0 rg BT 357.07 553.30 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 404.79 553.30 Td (the ) Tj ET Q q 0 0 0 rg BT 422.53 553.30 Td (Participant) Tj ET Q q 0 0 0 rg BT 477.85 553.30 Td (s ) Tj ET Q q 0 0 0 rg BT 485.60 553.30 Td (liability ) Tj ET Q q 0 0 0 rg BT 526.01 553.30 Td (for ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 538.90 Td (T) Tj ET Q q 0 0 0 rg BT 78.49 538.90 Td (ax ) Tj ET Q q 0 0 0 rg BT 91.75 538.90 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 149.67 538.90 Td (or ) Tj ET Q q 0 0 0 rg BT 161.60 538.90 Td (achieve ) Tj ET Q q 0 0 0 rg BT 200.17 538.90 Td (any ) Tj ET Q q 0 0 0 rg BT 219.42 538.90 Td (particular ) Tj ET Q q 0 0 0 rg BT 267.33 538.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 283.91 538.90 Td (result. ) Tj ET Q q 0 0 0 rg BT 315.50 538.90 Td ( ) Tj ET Q q 0 0 0 rg BT 317.43 538.90 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 382.34 538.90 Td (if ) Tj ET Q q 0 0 0 rg BT 391.60 538.90 Td (the ) Tj ET Q q 0 0 0 rg BT 408.19 538.90 Td (Participant ) Tj ET Q q 0 0 0 rg BT 462.11 538.90 Td (becomes ) Tj ET Q q 0 0 0 rg BT 506.02 538.90 Td (subject ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 524.50 Td (to ) Tj ET Q q 0 0 0 rg BT 85.19 524.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 103.70 524.50 Td (in ) Tj ET Q q 0 0 0 rg BT 116.89 524.50 Td (more ) Tj ET Q q 0 0 0 rg BT 145.40 524.50 Td (than ) Tj ET Q q 0 0 0 rg BT 169.91 524.50 Td (one ) Tj ET Q q 0 0 0 rg BT 191.09 524.50 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 249.61 524.50 Td (between ) Tj ET Q q 0 0 0 rg BT 293.44 524.50 Td (the ) Tj ET Q q 0 0 0 rg BT 311.96 524.50 Td (grant ) Tj ET Q q 0 0 0 rg BT 340.47 524.50 Td (date ) Tj ET Q q 0 0 0 rg BT 364.31 524.50 Td (and ) Tj ET Q q 0 0 0 rg BT 385.49 524.50 Td (the ) Tj ET Q q 0 0 0 rg BT 404.00 524.50 Td (date ) Tj ET Q q 0 0 0 rg BT 427.84 524.50 Td (of ) Tj ET Q q 0 0 0 rg BT 441.69 524.50 Td (any ) Tj ET Q q 0 0 0 rg BT 462.87 524.50 Td (relevant ) Tj ET Q q 0 0 0 rg BT 505.37 524.50 Td (taxable ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 510.10 Td (event, ) Tj ET Q q 0 0 0 rg BT 102.56 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.79 510.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 172.35 510.10 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 241.90 510.10 Td (that ) Tj ET Q q 0 0 0 rg BT 261.47 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.70 510.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 325.94 510.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 358.17 510.10 Td (its ) Tj ET Q q 0 0 0 rg BT 371.08 510.10 Td (af) Tj ET Q q 0 0 0 rg BT 380.18 510.10 Td (filiate ) Tj ET Q q 0 0 0 rg BT 409.74 510.10 Td (may ) Tj ET Q q 0 0 0 rg BT 431.97 510.10 Td (be ) Tj ET Q q 0 0 0 rg BT 444.87 510.10 Td (required ) Tj ET Q q 0 0 0 rg BT 486.42 510.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.33 510.10 Td (withhold ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 495.70 Td (or ) Tj ET Q q 0 0 0 rg BT 85.00 495.70 Td (account ) Tj ET Q q 0 0 0 rg BT 125.31 495.70 Td (for ) Tj ET Q q 0 0 0 rg BT 142.08 495.70 Td (T) Tj ET Q q 0 0 0 rg BT 148.58 495.70 Td (ax ) Tj ET Q q 0 0 0 rg BT 162.90 495.70 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 221.90 495.70 Td (in ) Tj ET Q q 0 0 0 rg BT 234.23 495.70 Td (more ) Tj ET Q q 0 0 0 rg BT 261.89 495.70 Td (than ) Tj ET Q q 0 0 0 rg BT 285.55 495.70 Td (one ) Tj ET Q q 0 0 0 rg BT 305.88 495.70 Td (jurisdiction.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 466.90 Td (Prior ) Tj ET Q q 0 0 0 rg BT 135.45 466.90 Td (to ) Tj ET Q q 0 0 0 rg BT 148.23 466.90 Td (any ) Tj ET Q q 0 0 0 rg BT 169.00 466.90 Td (relevant ) Tj ET Q q 0 0 0 rg BT 211.09 466.90 Td (taxable ) Tj ET Q q 0 0 0 rg BT 249.18 466.90 Td (or ) Tj ET Q q 0 0 0 rg BT 262.63 466.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 280.73 466.90 Td (withholding ) Tj ET Q q 0 0 0 rg BT 342.18 466.90 Td (event, ) Tj ET Q q 0 0 0 rg BT 374.61 466.90 Td (as ) Tj ET Q q 0 0 0 rg BT 388.06 466.90 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 443.81 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 461.92 466.90 Td (Participant ) Tj ET Q q 0 0 0 rg BT 517.35 466.90 Td (shall ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 452.50 Td (pay) Tj ET Q q 0 0 0 rg BT 88.55 452.50 Td (, ) Tj ET Q q 0 0 0 rg BT 95.33 452.50 Td (or ) Tj ET Q q 0 0 0 rg BT 109.12 452.50 Td (make ) Tj ET Q q 0 0 0 rg BT 138.89 452.50 Td (adequate ) Tj ET Q q 0 0 0 rg BT 185.32 452.50 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 253.74 452.50 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 312.84 452.50 Td (to ) Tj ET Q q 0 0 0 rg BT 325.97 452.50 Td (the ) Tj ET Q q 0 0 0 rg BT 344.41 452.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 394.87 452.50 Td (or ) Tj ET Q q 0 0 0 rg BT 408.65 452.50 Td (to ) Tj ET Q q 0 0 0 rg BT 421.77 452.50 Td (its ) Tj ET Q q 0 0 0 rg BT 436.90 452.50 Td (af) Tj ET Q q 0 0 0 rg BT 446.00 452.50 Td (filiate ) Tj ET Q q 0 0 0 rg BT 477.78 452.50 Td (\(in ) Tj ET Q q 0 0 0 rg BT 494.89 452.50 Td (their ) Tj ET Q q 0 0 0 rg BT 520.67 452.50 Td (sole ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 438.10 Td (discretion\) ) Tj ET Q q 0 0 0 rg BT 125.42 438.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.86 438.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 170.30 438.10 Td (all ) Tj ET Q q 0 0 0 rg BT 184.24 438.10 Td (T) Tj ET Q q 0 0 0 rg BT 190.73 438.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 204.17 438.10 Td (Obligations. ) Tj ET Q q 0 0 0 rg BT 265.27 438.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.37 438.10 Td (In ) Tj ET Q q 0 0 0 rg BT 279.47 438.10 Td (this ) Tj ET Q q 0 0 0 rg BT 298.92 438.10 Td (regard, ) Tj ET Q q 0 0 0 rg BT 334.67 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.43 438.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 405.52 438.10 Td (shall, ) Tj ET Q q 0 0 0 rg BT 433.29 438.10 Td (at ) Tj ET Q q 0 0 0 rg BT 444.06 438.10 Td (his ) Tj ET Q q 0 0 0 rg BT 460.16 438.10 Td (or ) Tj ET Q q 0 0 0 rg BT 472.27 438.10 Td (her ) Tj ET Q q 0 0 0 rg BT 489.69 438.10 Td (discretion, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 423.70 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 106.33 423.70 Td (all ) Tj ET Q q 0 0 0 rg BT 121.32 423.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 173.41 423.70 Td (T) Tj ET Q q 0 0 0 rg BT 179.91 423.70 Td (ax ) Tj ET Q q 0 0 0 rg BT 194.23 423.70 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 253.23 423.70 Td (by ) Tj ET Q q 0 0 0 rg BT 268.23 423.70 Td (one ) Tj ET Q q 0 0 0 rg BT 288.56 423.70 Td (or ) Tj ET Q q 0 0 0 rg BT 301.55 423.70 Td (a ) Tj ET Q q 0 0 0 rg BT 309.88 423.70 Td (combination ) Tj ET Q q 0 0 0 rg BT 372.87 423.70 Td (of ) Tj ET Q q 0 0 0 rg BT 385.86 423.70 Td (the ) Tj ET Q q 0 0 0 rg BT 403.52 423.70 Td (following:) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 394.90 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 144.00 394.90 Td (withholding ) Tj ET Q q 0 0 0 rg BT 205.89 394.90 Td (from ) Tj ET Q q 0 0 0 rg BT 233.10 394.90 Td (the ) Tj ET Q q 0 0 0 rg BT 251.65 394.90 Td (Participant) Tj ET Q q 0 0 0 rg BT 306.97 394.90 Td (s ) Tj ET Q q 0 0 0 rg BT 315.53 394.90 Td (wages ) Tj ET Q q 0 0 0 rg BT 349.40 394.90 Td (or ) Tj ET Q q 0 0 0 rg BT 363.29 394.90 Td (other ) Tj ET Q q 0 0 0 rg BT 391.83 394.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 417.04 394.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 487.58 394.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 512.13 394.90 Td (to ) Tj ET Q q 0 0 0 rg BT 525.35 394.90 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 380.50 Td (Participant ) Tj ET Q q 0 0 0 rg BT 126.98 380.50 Td (by ) Tj ET Q q 0 0 0 rg BT 141.98 380.50 Td (the ) Tj ET Q q 0 0 0 rg BT 159.64 380.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 209.31 380.50 Td (and/or ) Tj ET Q q 0 0 0 rg BT 242.96 380.50 Td (its ) Tj ET Q q 0 0 0 rg BT 257.30 380.50 Td (af) Tj ET Q q 0 0 0 rg BT 266.41 380.50 Td (filiate; ) Tj ET Q q 0 0 0 rg BT 300.73 380.50 Td (or) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 351.70 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 144.00 351.70 Td (withholding ) Tj ET Q q 0 0 0 rg BT 205.45 351.70 Td (from ) Tj ET Q q 0 0 0 rg BT 232.23 351.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 278.33 351.70 Td (of ) Tj ET Q q 0 0 0 rg BT 291.78 351.70 Td (the ) Tj ET Q q 0 0 0 rg BT 309.89 351.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 332.00 351.70 Td (of ) Tj ET Q q 0 0 0 rg BT 345.45 351.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 378.89 351.70 Td (of ) Tj ET Q q 0 0 0 rg BT 392.34 351.70 Td (Common ) Tj ET Q q 0 0 0 rg BT 440.46 351.70 Td (Stock ) Tj ET Q q 0 0 0 rg BT 471.25 351.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 516.01 351.70 Td (upon ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 337.30 Td (vesting ) Tj ET Q q 0 0 0 rg BT 108.36 337.30 Td (or ) Tj ET Q q 0 0 0 rg BT 120.06 337.30 Td (payment ) Tj ET Q q 0 0 0 rg BT 163.08 337.30 Td (of ) Tj ET Q q 0 0 0 rg BT 174.77 337.30 Td (the ) Tj ET Q q 0 0 0 rg BT 191.13 337.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 254.13 337.30 Td (Shares ) Tj ET Q q 0 0 0 rg BT 287.82 337.30 Td (either ) Tj ET Q q 0 0 0 rg BT 316.84 337.30 Td (through ) Tj ET Q q 0 0 0 rg BT 355.87 337.30 Td (a ) Tj ET Q q 0 0 0 rg BT 362.89 337.30 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 410.58 337.30 Td (sale ) Tj ET Q q 0 0 0 rg BT 430.94 337.30 Td (or ) Tj ET Q q 0 0 0 rg BT 442.63 337.30 Td (through ) Tj ET Q q 0 0 0 rg BT 481.66 337.30 Td (a ) Tj ET Q q 0 0 0 rg BT 488.69 337.30 Td (mandatory ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 322.90 Td (sale ) Tj ET Q q 0 0 0 rg BT 93.66 322.90 Td (arranged ) Tj ET Q q 0 0 0 rg BT 138.63 322.90 Td (by ) Tj ET Q q 0 0 0 rg BT 153.63 322.90 Td (the ) Tj ET Q q 0 0 0 rg BT 171.29 322.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 220.95 322.90 Td (\(on ) Tj ET Q q 0 0 0 rg BT 239.95 322.90 Td (the ) Tj ET Q q 0 0 0 rg BT 257.61 322.90 Td (Participant) Tj ET Q q 0 0 0 rg BT 312.93 322.90 Td (s ) Tj ET Q q 0 0 0 rg BT 320.60 322.90 Td (behalf ) Tj ET Q q 0 0 0 rg BT 353.58 322.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 397.90 322.90 Td (to ) Tj ET Q q 0 0 0 rg BT 410.24 322.90 Td (this ) Tj ET Q q 0 0 0 rg BT 430.58 322.90 Td (authorization\); ) Tj ET Q q 0 0 0 rg BT 504.22 322.90 Td (or ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 294.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 144.00 294.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 205.54 294.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.42 294.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 251.95 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.49 294.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 313.70 294.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 344.58 294.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.45 294.10 Td (be ) Tj ET Q q 0 0 0 rg BT 372.32 294.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 405.86 294.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 433.41 294.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 471.61 294.10 Td (or ) Tj ET Q q 0 0 0 rg BT 485.15 294.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 530.01 294.10 Td (of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 279.70 Td (the ) Tj ET Q q 0 0 0 rg BT 89.18 279.70 Td (Performance ) Tj ET Q q 0 0 0 rg BT 153.01 279.70 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 190.52 279.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 235.71 279.70 Td (that ) Tj ET Q q 0 0 0 rg BT 256.22 279.70 Td (the ) Tj ET Q q 0 0 0 rg BT 273.41 279.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 322.60 279.70 Td (and ) Tj ET Q q 0 0 0 rg BT 342.45 279.70 Td (its ) Tj ET Q q 0 0 0 rg BT 356.31 279.70 Td (af) Tj ET Q q 0 0 0 rg BT 365.41 279.70 Td (filiate ) Tj ET Q q 0 0 0 rg BT 395.92 279.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 421.11 279.70 Td (only ) Tj ET Q q 0 0 0 rg BT 444.97 279.70 Td (withhold ) Tj ET Q q 0 0 0 rg BT 490.16 279.70 Td (an ) Tj ET Q q 0 0 0 rg BT 504.01 279.70 Td (amount ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 265.30 Td (of ) Tj ET Q q 0 0 0 rg BT 83.75 265.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 115.49 265.30 Td (of ) Tj ET Q q 0 0 0 rg BT 127.25 265.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 173.67 265.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 202.76 265.30 Td (with ) Tj ET Q q 0 0 0 rg BT 225.85 265.30 Td (a ) Tj ET Q q 0 0 0 rg BT 232.93 265.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 251.34 265.30 Td (market ) Tj ET Q q 0 0 0 rg BT 286.41 265.30 Td (value ) Tj ET Q q 0 0 0 rg BT 314.15 265.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 341.89 265.30 Td (to ) Tj ET Q q 0 0 0 rg BT 352.98 265.30 Td (the ) Tj ET Q q 0 0 0 rg BT 369.40 265.30 Td (minimum ) Tj ET Q q 0 0 0 rg BT 417.82 265.30 Td (statutory ) Tj ET Q q 0 0 0 rg BT 461.44 265.30 Td (T) Tj ET Q q 0 0 0 rg BT 467.93 265.30 Td (ax ) Tj ET Q q 0 0 0 rg BT 481.02 265.30 Td (Obligations.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 236.50 Td (Finally) Tj ET Q q 0 0 0 rg BT 141.22 236.50 Td (, ) Tj ET Q q 0 0 0 rg BT 145.76 236.50 Td (the ) Tj ET Q q 0 0 0 rg BT 161.96 236.50 Td (Participant ) Tj ET Q q 0 0 0 rg BT 215.48 236.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 239.68 236.50 Td (pay ) Tj ET Q q 0 0 0 rg BT 258.54 236.50 Td (to ) Tj ET Q q 0 0 0 rg BT 269.41 236.50 Td (the ) Tj ET Q q 0 0 0 rg BT 285.61 236.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 333.81 236.50 Td (or ) Tj ET Q q 0 0 0 rg BT 345.34 236.50 Td (its ) Tj ET Q q 0 0 0 rg BT 358.22 236.50 Td (af) Tj ET Q q 0 0 0 rg BT 367.32 236.50 Td (filiate ) Tj ET Q q 0 0 0 rg BT 396.84 236.50 Td (any ) Tj ET Q q 0 0 0 rg BT 415.71 236.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 453.24 236.50 Td (of ) Tj ET Q q 0 0 0 rg BT 464.66 236.50 Td (T) Tj ET Q q 0 0 0 rg BT 471.15 236.50 Td (ax ) Tj ET Q q 0 0 0 rg BT 484.01 236.50 Td (Obligations ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 222.10 Td (that ) Tj ET Q q 0 0 0 rg BT 94.35 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.36 222.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 164.38 222.10 Td (or ) Tj ET Q q 0 0 0 rg BT 178.73 222.10 Td (its ) Tj ET Q q 0 0 0 rg BT 194.42 222.10 Td (af) Tj ET Q q 0 0 0 rg BT 203.53 222.10 Td (filiate ) Tj ET Q q 0 0 0 rg BT 235.86 222.10 Td (may ) Tj ET Q q 0 0 0 rg BT 260.88 222.10 Td (be ) Tj ET Q q 0 0 0 rg BT 276.56 222.10 Td (required ) Tj ET Q q 0 0 0 rg BT 320.89 222.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.58 222.10 Td (withhold ) Tj ET Q q 0 0 0 rg BT 381.60 222.10 Td (or ) Tj ET Q q 0 0 0 rg BT 395.95 222.10 Td (account ) Tj ET Q q 0 0 0 rg BT 437.61 222.10 Td (for ) Tj ET Q q 0 0 0 rg BT 455.96 222.10 Td (as ) Tj ET Q q 0 0 0 rg BT 470.31 222.10 Td (a ) Tj ET Q q 0 0 0 rg BT 479.99 222.10 Td (result ) Tj ET Q q 0 0 0 rg BT 511.00 222.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.35 222.10 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 207.70 Td (Participant) Tj ET Q q 0 0 0 rg BT 127.32 207.70 Td (s ) Tj ET Q q 0 0 0 rg BT 133.82 207.70 Td (participation ) Tj ET Q q 0 0 0 rg BT 196.29 207.70 Td (in ) Tj ET Q q 0 0 0 rg BT 207.46 207.70 Td (the ) Tj ET Q q 0 0 0 rg BT 223.95 207.70 Td (Program ) Tj ET Q q 0 0 0 rg BT 267.11 207.70 Td (that ) Tj ET Q q 0 0 0 rg BT 286.93 207.70 Td (cannot ) Tj ET Q q 0 0 0 rg BT 320.75 207.70 Td (be ) Tj ET Q q 0 0 0 rg BT 333.91 207.70 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 375.73 207.70 Td (by ) Tj ET Q q 0 0 0 rg BT 389.56 207.70 Td (the ) Tj ET Q q 0 0 0 rg BT 406.05 207.70 Td (means ) Tj ET Q q 0 0 0 rg BT 438.54 207.70 Td (previously ) Tj ET Q q 0 0 0 rg BT 491.03 207.70 Td (described. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 193.30 Td (The ) Tj ET Q q 0 0 0 rg BT 93.34 193.30 Td (Participant ) Tj ET Q q 0 0 0 rg BT 148.00 193.30 Td (agrees ) Tj ET Q q 0 0 0 rg BT 181.32 193.30 Td (to ) Tj ET Q q 0 0 0 rg BT 193.34 193.30 Td (take ) Tj ET Q q 0 0 0 rg BT 216.00 193.30 Td (any ) Tj ET Q q 0 0 0 rg BT 236.01 193.30 Td (further ) Tj ET Q q 0 0 0 rg BT 271.33 193.30 Td (actions ) Tj ET Q q 0 0 0 rg BT 308.00 193.30 Td (and ) Tj ET Q q 0 0 0 rg BT 328.01 193.30 Td (execute ) Tj ET Q q 0 0 0 rg BT 367.33 193.30 Td (any ) Tj ET Q q 0 0 0 rg BT 387.33 193.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 438.00 193.30 Td (documents ) Tj ET Q q 0 0 0 rg BT 492.67 193.30 Td (as ) Tj ET Q q 0 0 0 rg BT 505.34 193.30 Td (may ) Tj ET Q q 0 0 0 rg BT 528.68 193.30 Td (be ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 178.90 Td (necessary ) Tj ET Q q 0 0 0 rg BT 121.62 178.90 Td (to ) Tj ET Q q 0 0 0 rg BT 133.92 178.90 Td (ef) Tj ET Q q 0 0 0 rg BT 143.03 178.90 Td (fectuate ) Tj ET Q q 0 0 0 rg BT 183.97 178.90 Td (the ) Tj ET Q q 0 0 0 rg BT 201.61 178.90 Td (provisions ) Tj ET Q q 0 0 0 rg BT 254.59 178.90 Td (of ) Tj ET Q q 0 0 0 rg BT 267.56 178.90 Td (this ) Tj ET Q q 0 0 0 rg BT 287.87 178.90 Td (Section ) Tj ET Q q 0 0 0 rg BT 326.84 178.90 Td (6.2. ) Tj ET Q q 0 0 0 rg BT 347.82 178.90 Td ( ) Tj ET Q q 0 0 0 rg BT 350.79 178.90 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 433.77 178.90 Td (Section ) Tj ET Q q 0 0 0 rg BT 472.73 178.90 Td (6.1 ) Tj ET Q q 0 0 0 rg BT 490.71 178.90 Td (above, ) Tj ET Q q 0 0 0 rg BT 525.34 178.90 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 164.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.15 164.50 Td (may ) Tj ET Q q 0 0 0 rg BT 144.30 164.50 Td (refuse ) Tj ET Q q 0 0 0 rg BT 176.10 164.50 Td (to ) Tj ET Q q 0 0 0 rg BT 187.93 164.50 Td (issue ) Tj ET Q q 0 0 0 rg BT 214.42 164.50 Td (or ) Tj ET Q q 0 0 0 rg BT 226.90 164.50 Td (deliver ) Tj ET Q q 0 0 0 rg BT 262.71 164.50 Td (the ) Tj ET Q q 0 0 0 rg BT 279.86 164.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 312.33 164.50 Td (or ) Tj ET Q q 0 0 0 rg BT 324.82 164.50 Td (the ) Tj ET Q q 0 0 0 rg BT 341.97 164.50 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 387.10 164.50 Td (of ) Tj ET Q q 0 0 0 rg BT 399.58 164.50 Td (the ) Tj ET Q q 0 0 0 rg BT 416.73 164.50 Td (sale ) Tj ET Q q 0 0 0 rg BT 437.88 164.50 Td (of ) Tj ET Q q 0 0 0 rg BT 450.36 164.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 482.84 164.50 Td (of ) Tj ET Q q 0 0 0 rg BT 495.33 164.50 Td (Common ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 150.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 102.01 150.10 Td (if ) Tj ET Q q 0 0 0 rg BT 112.01 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.34 150.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 184.00 150.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 207.34 150.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.34 150.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 258.01 150.10 Td (with ) Tj ET Q q 0 0 0 rg BT 282.02 150.10 Td (its ) Tj ET Q q 0 0 0 rg BT 296.03 150.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 352.03 150.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.04 150.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 419.36 150.10 Td (with ) Tj ET Q q 0 0 0 rg BT 443.37 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.51 150.10 Td (T) Tj ET Q q 0 0 0 rg BT 467.00 150.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 481.00 150.10 Td (Obligations.) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 271.3 119.70039062499995 m 340.680859375 119.70039062499995 l s q 0 0 0 rg BT 271.30 121.30 Td (AR) Tj ET Q q 0 0 0 rg BT 287.25 121.30 Td (TICLE ) Tj ET Q q 0 0 0 rg BT 324.02 121.30 Td (VII) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 212.75 90.900390625 m 399.3037109375 90.900390625 l s q 0 0 0 rg BT 212.75 92.50 Td (TERMINA) Tj ET Q q 0 0 0 rg BT 266.08 92.50 Td (TION OF EMPLOYMENT) Tj ET Q endstream endobj 191 0 obj <> endobj 192 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 60.60 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 51.00 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 711.70 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 711.70 Td (7.1 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 710.100390625 m 440.16650390625 710.100390625 l s q 0 0 0 rg BT 144.00 711.70 Td (Certain ) Tj ET Q q 0 0 0 rg BT 184.92 711.70 Td (T) Tj ET Q q 0 0 0 rg BT 191.41 711.70 Td (erminations ) Tj ET Q q 0 0 0 rg BT 254.10 711.70 Td (of ) Tj ET Q q 0 0 0 rg BT 270.13 711.70 Td (Service ) Tj ET Q q 0 0 0 rg BT 310.82 711.70 Td (After ) Tj ET Q q 0 0 0 rg BT 342.17 711.70 Td (Determination ) Tj ET Q q 0 0 0 rg BT 417.51 711.70 Td (Date) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 440.17 711.70 Td (. ) Tj ET Q q 0 0 0 rg BT 449.20 711.70 Td ( ) Tj ET Q q 0 0 0 rg BT 455.24 711.70 Td (In ) Tj ET Q q 0 0 0 rg BT 471.27 711.70 Td (the ) Tj ET Q q 0 0 0 rg BT 491.96 711.70 Td (case ) Tj ET Q q 0 0 0 rg BT 518.64 711.70 Td (of ) Tj ET Q q 0 0 0 rg BT 534.68 711.70 Td (a ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 697.30 Td (Participant) Tj ET Q q 0 0 0 rg BT 127.32 697.30 Td (s ) Tj ET Q q 0 0 0 rg BT 134.73 697.30 Td (termination ) Tj ET Q q 0 0 0 rg BT 192.80 697.30 Td (of ) Tj ET Q q 0 0 0 rg BT 205.54 697.30 Td (employment ) Tj ET Q q 0 0 0 rg BT 268.28 697.30 Td (by ) Tj ET Q q 0 0 0 rg BT 283.02 697.30 Td (the ) Tj ET Q q 0 0 0 rg BT 300.43 697.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 349.84 697.30 Td (for ) Tj ET Q q 0 0 0 rg BT 366.58 697.30 Td (other ) Tj ET Q q 0 0 0 rg BT 393.98 697.30 Td (than ) Tj ET Q q 0 0 0 rg BT 417.39 697.30 Td (Cause, ) Tj ET Q q 0 0 0 rg BT 452.46 697.30 Td (by ) Tj ET Q q 0 0 0 rg BT 467.21 697.30 Td (reason ) Tj ET Q q 0 0 0 rg BT 501.27 697.30 Td (of ) Tj ET Q q 0 0 0 rg BT 514.02 697.30 Td (death ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 682.90 Td (or ) Tj ET Q q 0 0 0 rg BT 84.45 682.90 Td (Disability ) Tj ET Q q 0 0 0 rg BT 134.24 682.90 Td (or ) Tj ET Q q 0 0 0 rg BT 146.69 682.90 Td (by ) Tj ET Q q 0 0 0 rg BT 161.14 682.90 Td (the ) Tj ET Q q 0 0 0 rg BT 178.26 682.90 Td (Participant ) Tj ET Q q 0 0 0 rg BT 232.70 682.90 Td (for ) Tj ET Q q 0 0 0 rg BT 249.15 682.90 Td (Good ) Tj ET Q q 0 0 0 rg BT 278.27 682.90 Td (Reason ) Tj ET Q q 0 0 0 rg BT 316.05 682.90 Td (after ) Tj ET Q q 0 0 0 rg BT 340.48 682.90 Td (the ) Tj ET Q q 0 0 0 rg BT 357.60 682.90 Td (Determination ) Tj ET Q q 0 0 0 rg BT 429.36 682.90 Td (Date ) Tj ET Q q 0 0 0 rg BT 454.47 682.90 Td (for ) Tj ET Q q 0 0 0 rg BT 470.92 682.90 Td (a ) Tj ET Q q 0 0 0 rg BT 478.70 682.90 Td (Performance ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 668.50 Td (Period ) Tj ET Q q 0 0 0 rg BT 106.94 668.50 Td (but ) Tj ET Q q 0 0 0 rg BT 125.87 668.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 152.81 668.50 Td (to ) Tj ET Q q 0 0 0 rg BT 165.74 668.50 Td (settlement, ) Tj ET Q q 0 0 0 rg BT 221.67 668.50 Td (the ) Tj ET Q q 0 0 0 rg BT 239.93 668.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 304.84 668.50 Td (Shares ) Tj ET Q q 0 0 0 rg BT 340.44 668.50 Td (earned ) Tj ET Q q 0 0 0 rg BT 376.02 668.50 Td (by ) Tj ET Q q 0 0 0 rg BT 391.62 668.50 Td (the ) Tj ET Q q 0 0 0 rg BT 409.89 668.50 Td (Participant ) Tj ET Q q 0 0 0 rg BT 465.47 668.50 Td (which ) Tj ET Q q 0 0 0 rg BT 498.41 668.50 Td (have ) Tj ET Q q 0 0 0 rg BT 524.66 668.50 Td (not ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 654.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 88.17 654.10 Td (been ) Tj ET Q q 0 0 0 rg BT 112.33 654.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 145.16 654.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 169.33 654.10 Td (be ) Tj ET Q q 0 0 0 rg BT 182.16 654.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 213.67 654.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.51 654.10 Td (such ) Tj ET Q q 0 0 0 rg BT 248.02 654.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 301.51 654.10 Td (on ) Tj ET Q q 0 0 0 rg BT 315.01 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.18 654.10 Td (thirtieth ) Tj ET Q q 0 0 0 rg BT 370.68 654.10 Td (\(30th\) ) Tj ET Q q 0 0 0 rg BT 401.52 654.10 Td (day ) Tj ET Q q 0 0 0 rg BT 420.35 654.10 Td (following ) Tj ET Q q 0 0 0 rg BT 468.52 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.69 654.10 Td (termination ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 639.70 Td (of ) Tj ET Q q 0 0 0 rg BT 85.00 639.70 Td (employment. ) Tj ET Q q 0 0 0 rg BT 150.98 639.70 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 610.90 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 610.90 Td (7.2 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 609.300390625 m 254.21923828125 609.300390625 l s q 0 0 0 rg BT 144.00 610.90 Td (All ) Tj ET Q q 0 0 0 rg BT 161.63 610.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 191.07 610.90 Td (T) Tj ET Q q 0 0 0 rg BT 197.56 610.90 Td (erminations) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 254.22 610.90 Td (. ) Tj ET Q q 0 0 0 rg BT 259.51 610.90 Td ( ) Tj ET Q q 0 0 0 rg BT 261.80 610.90 Td (Except ) Tj ET Q q 0 0 0 rg BT 297.41 610.90 Td (as ) Tj ET Q q 0 0 0 rg BT 309.70 610.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 354.64 610.90 Td (in ) Tj ET Q q 0 0 0 rg BT 366.27 610.90 Td (Section ) Tj ET Q q 0 0 0 rg BT 404.55 610.90 Td (7.1 ) Tj ET Q q 0 0 0 rg BT 421.84 610.90 Td (or ) Tj ET Q q 0 0 0 rg BT 434.13 610.90 Td (as ) Tj ET Q q 0 0 0 rg BT 446.42 610.90 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 495.36 610.90 Td (approved ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 596.50 Td (by ) Tj ET Q q 0 0 0 rg BT 86.89 596.50 Td (the ) Tj ET Q q 0 0 0 rg BT 104.44 596.50 Td (Board ) Tj ET Q q 0 0 0 rg BT 136.66 596.50 Td (or ) Tj ET Q q 0 0 0 rg BT 149.55 596.50 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 208.77 596.50 Td (all ) Tj ET Q q 0 0 0 rg BT 223.65 596.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 287.84 596.50 Td (Shares ) Tj ET Q q 0 0 0 rg BT 322.73 596.50 Td (not ) Tj ET Q q 0 0 0 rg BT 340.95 596.50 Td (yet ) Tj ET Q q 0 0 0 rg BT 358.51 596.50 Td (settled ) Tj ET Q q 0 0 0 rg BT 392.72 596.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 418.28 596.50 Td (be ) Tj ET Q q 0 0 0 rg BT 432.50 596.50 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 476.70 596.50 Td (as ) Tj ET Q q 0 0 0 rg BT 489.58 596.50 Td (of ) Tj ET Q q 0 0 0 rg BT 502.47 596.50 Td (the ) Tj ET Q q 0 0 0 rg BT 520.02 596.50 Td (date ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.00 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.66 582.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 160.97 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.97 582.10 Td (employment.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 567.70 Td ( ) Tj ET Q q 0 0 0 rg BT 144.00 567.70 Td ( ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 269.3 551.700390625 m 342.676953125 551.700390625 l s q 0 0 0 rg BT 269.30 553.30 Td (AR) Tj ET Q q 0 0 0 rg BT 285.25 553.30 Td (TICLE ) Tj ET Q q 0 0 0 rg BT 322.02 553.30 Td (VIII) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 243.55 522.900390625 m 368.653515625 522.900390625 l s q 0 0 0 rg BT 243.55 524.50 Td (CHANGE IN CONTROL) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 498.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 498.10 Td (8.1 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 496.500390625 m 372.15234375 496.500390625 l s q 0 0 0 rg BT 144.00 498.10 Td (Change ) Tj ET Q q 0 0 0 rg BT 184.43 498.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.54 498.10 Td (Control ) Tj ET Q q 0 0 0 rg BT 237.98 498.10 Td (During ) Tj ET Q q 0 0 0 rg BT 275.75 498.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 340.82 498.10 Td (Period) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 372.15 498.10 Td (. ) Tj ET Q q 0 0 0 rg BT 378.93 498.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.70 498.10 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 466.47 498.10 Td (anything ) Tj ET Q q 0 0 0 rg BT 512.24 498.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.35 498.10 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 483.70 Td (contrary ) Tj ET Q q 0 0 0 rg BT 116.01 483.70 Td (in ) Tj ET Q q 0 0 0 rg BT 129.37 483.70 Td (the ) Tj ET Q q 0 0 0 rg BT 148.06 483.70 Td (Program, ) Tj ET Q q 0 0 0 rg BT 196.42 483.70 Td (in ) Tj ET Q q 0 0 0 rg BT 209.78 483.70 Td (the ) Tj ET Q q 0 0 0 rg BT 228.47 483.70 Td (event ) Tj ET Q q 0 0 0 rg BT 258.49 483.70 Td (of ) Tj ET Q q 0 0 0 rg BT 272.51 483.70 Td (a ) Tj ET Q q 0 0 0 rg BT 281.87 483.70 Td (Change ) Tj ET Q q 0 0 0 rg BT 322.56 483.70 Td (in ) Tj ET Q q 0 0 0 rg BT 335.92 483.70 Td (Control ) Tj ET Q q 0 0 0 rg BT 376.62 483.70 Td (that ) Tj ET Q q 0 0 0 rg BT 398.64 483.70 Td (occurs ) Tj ET Q q 0 0 0 rg BT 433.99 483.70 Td (during ) Tj ET Q q 0 0 0 rg BT 469.35 483.70 Td (a ) Tj ET Q q 0 0 0 rg BT 478.71 483.70 Td (Performance ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 469.30 Td (Period, ) Tj ET Q q 0 0 0 rg BT 109.25 469.30 Td (such ) Tj ET Q q 0 0 0 rg BT 134.17 469.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 198.39 469.30 Td (Period ) Tj ET Q q 0 0 0 rg BT 232.63 469.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 258.22 469.30 Td (be ) Tj ET Q q 0 0 0 rg BT 272.46 469.30 Td (shortened ) Tj ET Q q 0 0 0 rg BT 322.04 469.30 Td (and ) Tj ET Q q 0 0 0 rg BT 342.28 469.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 367.86 469.30 Td (terminate ) Tj ET Q q 0 0 0 rg BT 416.09 469.30 Td (as ) Tj ET Q q 0 0 0 rg BT 429.01 469.30 Td (of ) Tj ET Q q 0 0 0 rg BT 441.93 469.30 Td (the ) Tj ET Q q 0 0 0 rg BT 459.51 469.30 Td (last ) Tj ET Q q 0 0 0 rg BT 479.09 469.30 Td (business ) Tj ET Q q 0 0 0 rg BT 522.68 469.30 Td (day ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 454.90 Td (of ) Tj ET Q q 0 0 0 rg BT 83.80 454.90 Td (the ) Tj ET Q q 0 0 0 rg BT 100.26 454.90 Td (last ) Tj ET Q q 0 0 0 rg BT 118.73 454.90 Td (completed ) Tj ET Q q 0 0 0 rg BT 170.51 454.90 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 198.30 454.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 234.08 454.90 Td (preceding ) Tj ET Q q 0 0 0 rg BT 283.20 454.90 Td (the ) Tj ET Q q 0 0 0 rg BT 299.66 454.90 Td (date ) Tj ET Q q 0 0 0 rg BT 321.45 454.90 Td (of ) Tj ET Q q 0 0 0 rg BT 333.25 454.90 Td (such ) Tj ET Q q 0 0 0 rg BT 357.05 454.90 Td (Change ) Tj ET Q q 0 0 0 rg BT 395.51 454.90 Td (in ) Tj ET Q q 0 0 0 rg BT 406.65 454.90 Td (Control ) Tj ET Q q 0 0 0 rg BT 445.12 454.90 Td (and ) Tj ET Q q 0 0 0 rg BT 464.25 454.90 Td (each ) Tj ET Q q 0 0 0 rg BT 488.03 454.90 Td (Participant ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 440.50 Td (employed ) Tj ET Q q 0 0 0 rg BT 123.68 440.50 Td (by ) Tj ET Q q 0 0 0 rg BT 140.04 440.50 Td (the ) Tj ET Q q 0 0 0 rg BT 159.07 440.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 210.09 440.50 Td (immediately ) Tj ET Q q 0 0 0 rg BT 274.44 440.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 302.13 440.50 Td (to ) Tj ET Q q 0 0 0 rg BT 315.82 440.50 Td (such ) Tj ET Q q 0 0 0 rg BT 342.18 440.50 Td (Change ) Tj ET Q q 0 0 0 rg BT 383.20 440.50 Td (in ) Tj ET Q q 0 0 0 rg BT 396.90 440.50 Td (Control ) Tj ET Q q 0 0 0 rg BT 437.93 440.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 464.95 440.50 Td (be ) Tj ET Q q 0 0 0 rg BT 480.64 440.50 Td (entitled ) Tj ET Q q 0 0 0 rg BT 520.99 440.50 Td (to ) Tj ET Q q 0 0 0 rg BT 534.69 440.50 Td (a ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 426.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 115.81 426.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 144.28 426.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.10 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.25 426.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 211.73 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.21 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.36 426.10 Td (Participant) Tj ET Q q 0 0 0 rg BT 296.68 426.10 Td (s ) Tj ET Q q 0 0 0 rg BT 303.84 426.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 367.63 426.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 402.11 426.10 Td (\(rounded ) Tj ET Q q 0 0 0 rg BT 447.91 426.10 Td (down ) Tj ET Q q 0 0 0 rg BT 477.06 426.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.89 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.03 426.10 Td (nearest ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 411.70 Td (whole ) Tj ET Q q 0 0 0 rg BT 103.14 411.70 Td (number\) ) Tj ET Q q 0 0 0 rg BT 145.60 411.70 Td (he ) Tj ET Q q 0 0 0 rg BT 158.74 411.70 Td (or ) Tj ET Q q 0 0 0 rg BT 170.55 411.70 Td (she ) Tj ET Q q 0 0 0 rg BT 188.36 411.70 Td (would ) Tj ET Q q 0 0 0 rg BT 220.17 411.70 Td (have ) Tj ET Q q 0 0 0 rg BT 244.63 411.70 Td (been ) Tj ET Q q 0 0 0 rg BT 269.10 411.70 Td (entitled ) Tj ET Q q 0 0 0 rg BT 306.90 411.70 Td (to ) Tj ET Q q 0 0 0 rg BT 318.04 411.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 354.49 411.70 Td (for ) Tj ET Q q 0 0 0 rg BT 370.29 411.70 Td (such ) Tj ET Q q 0 0 0 rg BT 394.10 411.70 Td (shortened ) Tj ET Q q 0 0 0 rg BT 442.57 411.70 Td (Performance ) Tj ET Q q 0 0 0 rg BT 505.68 411.70 Td (Period, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 397.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 129.87 397.30 Td (based ) Tj ET Q q 0 0 0 rg BT 161.08 397.30 Td (on ) Tj ET Q q 0 0 0 rg BT 176.97 397.30 Td (the ) Tj ET Q q 0 0 0 rg BT 195.52 397.30 Td (Company) Tj ET Q q 0 0 0 rg BT 245.51 397.30 Td (s ) Tj ET Q q 0 0 0 rg BT 254.07 397.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 318.59 397.30 Td (for ) Tj ET Q q 0 0 0 rg BT 336.47 397.30 Td (such ) Tj ET Q q 0 0 0 rg BT 362.36 397.30 Td (shortened ) Tj ET Q q 0 0 0 rg BT 412.90 397.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 478.09 397.30 Td (Period. ) Tj ET Q q 0 0 0 rg BT 516.31 397.30 Td ( ) Tj ET Q q 0 0 0 rg BT 519.34 397.30 Td (Any ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 382.90 Td (such ) Tj ET Q q 0 0 0 rg BT 97.71 382.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 142.74 382.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 169.12 382.90 Td (be ) Tj ET Q q 0 0 0 rg BT 184.16 382.90 Td (made ) Tj ET Q q 0 0 0 rg BT 213.86 382.90 Td (in ) Tj ET Q q 0 0 0 rg BT 226.91 382.90 Td (a ) Tj ET Q q 0 0 0 rg BT 235.95 382.90 Td (single ) Tj ET Q q 0 0 0 rg BT 268.32 382.90 Td (lump ) Tj ET Q q 0 0 0 rg BT 296.71 382.90 Td (sum ) Tj ET Q q 0 0 0 rg BT 320.42 382.90 Td (immediately ) Tj ET Q q 0 0 0 rg BT 384.12 382.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 411.16 382.90 Td (to ) Tj ET Q q 0 0 0 rg BT 424.21 382.90 Td (such ) Tj ET Q q 0 0 0 rg BT 449.92 382.90 Td (Change ) Tj ET Q q 0 0 0 rg BT 490.28 382.90 Td (in ) Tj ET Q q 0 0 0 rg BT 503.33 382.90 Td (Control ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 368.50 Td (without ) Tj ET Q q 0 0 0 rg BT 111.06 368.50 Td (regard ) Tj ET Q q 0 0 0 rg BT 144.10 368.50 Td (to ) Tj ET Q q 0 0 0 rg BT 155.82 368.50 Td (any ) Tj ET Q q 0 0 0 rg BT 175.54 368.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 217.90 368.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 261.61 368.50 Td (or ) Tj ET Q q 0 0 0 rg BT 274.00 368.50 Td (settlement ) Tj ET Q q 0 0 0 rg BT 325.71 368.50 Td (dates ) Tj ET Q q 0 0 0 rg BT 352.76 368.50 Td (\(provided, ) Tj ET Q q 0 0 0 rg BT 404.80 368.50 Td (that ) Tj ET Q q 0 0 0 rg BT 425.19 368.50 Td (the ) Tj ET Q q 0 0 0 rg BT 442.24 368.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 491.30 368.50 Td (may ) Tj ET Q q 0 0 0 rg BT 514.35 368.50 Td (elect, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 354.10 Td (in ) Tj ET Q q 0 0 0 rg BT 84.14 354.10 Td (its ) Tj ET Q q 0 0 0 rg BT 98.28 354.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 120.41 354.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 173.53 354.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.67 354.10 Td (make ) Tj ET Q q 0 0 0 rg BT 214.46 354.10 Td (any ) Tj ET Q q 0 0 0 rg BT 234.58 354.10 Td (such ) Tj ET Q q 0 0 0 rg BT 259.38 354.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 308.18 354.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.31 354.10 Td (a ) Tj ET Q q 0 0 0 rg BT 328.44 354.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 367.22 354.10 Td (that ) Tj ET Q q 0 0 0 rg BT 388.02 354.10 Td (will ) Tj ET Q q 0 0 0 rg BT 409.49 354.10 Td (not ) Tj ET Q q 0 0 0 rg BT 427.63 354.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 464.42 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.88 354.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 530.67 354.10 Td (to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 339.70 Td (penalties ) Tj ET Q q 0 0 0 rg BT 117.65 339.70 Td (under ) Tj ET Q q 0 0 0 rg BT 147.97 339.70 Td (Code ) Tj ET Q q 0 0 0 rg BT 176.30 339.70 Td (Section ) Tj ET Q q 0 0 0 rg BT 215.30 339.70 Td (409A\).) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 313.30 Td (8.2 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 311.700390625 m 393.89404296875 311.700390625 l s q 0 0 0 rg BT 144.00 313.30 Td (Change ) Tj ET Q q 0 0 0 rg BT 183.60 313.30 Td (in ) Tj ET Q q 0 0 0 rg BT 195.88 313.30 Td (Control ) Tj ET Q q 0 0 0 rg BT 234.84 313.30 Td (After ) Tj ET Q q 0 0 0 rg BT 263.10 313.30 Td (End ) Tj ET Q q 0 0 0 rg BT 285.38 313.30 Td (of ) Tj ET Q q 0 0 0 rg BT 298.32 313.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 362.56 313.30 Td (Period) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 393.89 313.30 Td (. ) Tj ET Q q 0 0 0 rg BT 399.84 313.30 Td ( ) Tj ET Q q 0 0 0 rg BT 402.78 313.30 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 485.73 313.30 Td (anything ) Tj ET Q q 0 0 0 rg BT 530.66 313.30 Td (to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 298.90 Td (the ) Tj ET Q q 0 0 0 rg BT 90.30 298.90 Td (contrary ) Tj ET Q q 0 0 0 rg BT 133.92 298.90 Td (in ) Tj ET Q q 0 0 0 rg BT 146.89 298.90 Td (the ) Tj ET Q q 0 0 0 rg BT 165.19 298.90 Td (Program, ) Tj ET Q q 0 0 0 rg BT 213.16 298.90 Td (in ) Tj ET Q q 0 0 0 rg BT 226.13 298.90 Td (the ) Tj ET Q q 0 0 0 rg BT 244.43 298.90 Td (event ) Tj ET Q q 0 0 0 rg BT 274.06 298.90 Td (of ) Tj ET Q q 0 0 0 rg BT 287.70 298.90 Td (a ) Tj ET Q q 0 0 0 rg BT 296.66 298.90 Td (Change ) Tj ET Q q 0 0 0 rg BT 336.96 298.90 Td (in ) Tj ET Q q 0 0 0 rg BT 349.93 298.90 Td (Control ) Tj ET Q q 0 0 0 rg BT 390.24 298.90 Td (that ) Tj ET Q q 0 0 0 rg BT 411.88 298.90 Td (occurs ) Tj ET Q q 0 0 0 rg BT 446.83 298.90 Td (after ) Tj ET Q q 0 0 0 rg BT 472.45 298.90 Td (the ) Tj ET Q q 0 0 0 rg BT 490.75 298.90 Td (end ) Tj ET Q q 0 0 0 rg BT 511.72 298.90 Td (of ) Tj ET Q q 0 0 0 rg BT 525.36 298.90 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 284.50 Td (applicable ) Tj ET Q q 0 0 0 rg BT 124.94 284.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 189.86 284.50 Td (Period ) Tj ET Q q 0 0 0 rg BT 224.82 284.50 Td (but ) Tj ET Q q 0 0 0 rg BT 243.79 284.50 Td (prior ) Tj ET Q q 0 0 0 rg BT 270.74 284.50 Td (to ) Tj ET Q q 0 0 0 rg BT 283.70 284.50 Td (the ) Tj ET Q q 0 0 0 rg BT 301.99 284.50 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 356.94 284.50 Td (Date, ) Tj ET Q q 0 0 0 rg BT 386.22 284.50 Td (the ) Tj ET Q q 0 0 0 rg BT 404.51 284.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 444.13 284.50 Td (of ) Tj ET Q q 0 0 0 rg BT 457.76 284.50 Td (any ) Tj ET Q q 0 0 0 rg BT 478.71 284.50 Td (Performance ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 270.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 108.72 270.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 162.75 270.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.80 270.10 Td (such ) Tj ET Q q 0 0 0 rg BT 203.52 270.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 269.55 270.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 305.60 270.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 332.99 270.10 Td (be ) Tj ET Q q 0 0 0 rg BT 349.04 270.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 374.42 270.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.48 270.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.86 270.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 464.57 270.10 Td (based ) Tj ET Q q 0 0 0 rg BT 496.62 270.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 525.34 270.10 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 255.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 134.88 255.70 Td (of ) Tj ET Q q 0 0 0 rg BT 147.13 255.70 Td (the ) Tj ET Q q 0 0 0 rg BT 164.05 255.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 212.96 255.70 Td (during ) Tj ET Q q 0 0 0 rg BT 246.55 255.70 Td (such ) Tj ET Q q 0 0 0 rg BT 270.80 255.70 Td (Performance ) Tj ET Q q 0 0 0 rg BT 334.35 255.70 Td (Period, ) Tj ET Q q 0 0 0 rg BT 370.94 255.70 Td (such ) Tj ET Q q 0 0 0 rg BT 395.19 255.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 438.76 255.70 Td (to ) Tj ET Q q 0 0 0 rg BT 450.35 255.70 Td (be ) Tj ET Q q 0 0 0 rg BT 463.93 255.70 Td (made ) Tj ET Q q 0 0 0 rg BT 492.17 255.70 Td (in ) Tj ET Q q 0 0 0 rg BT 503.76 255.70 Td (a ) Tj ET Q q 0 0 0 rg BT 511.34 255.70 Td (single ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 241.30 Td (lump ) Tj ET Q q 0 0 0 rg BT 99.05 241.30 Td (sum ) Tj ET Q q 0 0 0 rg BT 121.44 241.30 Td (as ) Tj ET Q q 0 0 0 rg BT 133.81 241.30 Td (of ) Tj ET Q q 0 0 0 rg BT 146.19 241.30 Td (immediately ) Tj ET Q q 0 0 0 rg BT 208.56 241.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 234.26 241.30 Td (to ) Tj ET Q q 0 0 0 rg BT 245.98 241.30 Td (the ) Tj ET Q q 0 0 0 rg BT 263.02 241.30 Td (Change ) Tj ET Q q 0 0 0 rg BT 302.06 241.30 Td (in ) Tj ET Q q 0 0 0 rg BT 313.78 241.30 Td (Control ) Tj ET Q q 0 0 0 rg BT 352.83 241.30 Td (without ) Tj ET Q q 0 0 0 rg BT 391.88 241.30 Td (regard ) Tj ET Q q 0 0 0 rg BT 424.90 241.30 Td (to ) Tj ET Q q 0 0 0 rg BT 436.62 241.30 Td (any ) Tj ET Q q 0 0 0 rg BT 456.33 241.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 498.67 241.30 Td (payment ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 226.90 Td (or ) Tj ET Q q 0 0 0 rg BT 85.00 226.90 Td (settlement ) Tj ET Q q 0 0 0 rg BT 137.31 226.90 Td (dates.) Tj ET Q endstream endobj 193 0 obj <> endobj 194 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 60.60 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 51.00 Td ( ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 273.15 710.100390625 m 338.7515625 710.100390625 l s q 0 0 0 rg BT 273.15 711.70 Td (AR) Tj ET Q q 0 0 0 rg BT 289.10 711.70 Td (TICLE IX) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 255.95 681.300390625 m 355.951953125 681.300390625 l s q 0 0 0 rg BT 255.95 682.90 Td (MISCELLANEOUS) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 654.10 Td (9.1 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 652.500390625 m 165.333984375 652.500390625 l s q 0 0 0 rg BT 144.00 654.10 Td (Plan) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 165.33 654.10 Td (. ) Tj ET Q q 0 0 0 rg BT 171.12 654.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.71 654.10 Td (The ) Tj ET Q q 0 0 0 rg BT 195.15 654.10 Td (Program ) Tj ET Q q 0 0 0 rg BT 239.27 654.10 Td (is ) Tj ET Q q 0 0 0 rg BT 250.06 654.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 286.83 654.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.96 654.10 Td (all ) Tj ET Q q 0 0 0 rg BT 313.74 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.19 654.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 383.98 654.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.76 654.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.21 654.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 438.33 654.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.44 654.10 Td (its ) Tj ET Q q 0 0 0 rg BT 472.57 654.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 525.36 654.10 Td (are ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 639.70 Td (hereby ) Tj ET Q q 0 0 0 rg BT 108.60 639.70 Td (made ) Tj ET Q q 0 0 0 rg BT 138.54 639.70 Td (a ) Tj ET Q q 0 0 0 rg BT 147.82 639.70 Td (part ) Tj ET Q q 0 0 0 rg BT 170.43 639.70 Td (of ) Tj ET Q q 0 0 0 rg BT 184.37 639.70 Td (the ) Tj ET Q q 0 0 0 rg BT 202.99 639.70 Td (Program, ) Tj ET Q q 0 0 0 rg BT 251.26 639.70 Td (including ) Tj ET Q q 0 0 0 rg BT 300.54 639.70 Td (without ) Tj ET Q q 0 0 0 rg BT 341.17 639.70 Td (limitation ) Tj ET Q q 0 0 0 rg BT 391.78 639.70 Td (the ) Tj ET Q q 0 0 0 rg BT 410.39 639.70 Td (provision ) Tj ET Q q 0 0 0 rg BT 458.81 639.70 Td (Article ) Tj ET Q q 0 0 0 rg BT 496.08 639.70 Td (9 ) Tj ET Q q 0 0 0 rg BT 506.03 639.70 Td (thereof ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 625.30 Td (\(relating ) Tj ET Q q 0 0 0 rg BT 115.88 625.30 Td (to ) Tj ET Q q 0 0 0 rg BT 128.45 625.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 192.27 625.30 Td (A) Tj ET Q q 0 0 0 rg BT 199.83 625.30 Td (wards\) ) Tj ET Q q 0 0 0 rg BT 235.72 625.30 Td (and ) Tj ET Q q 0 0 0 rg BT 255.56 625.30 Td (Article ) Tj ET Q q 0 0 0 rg BT 292.11 625.30 Td (14 ) Tj ET Q q 0 0 0 rg BT 307.35 625.30 Td (thereof ) Tj ET Q q 0 0 0 rg BT 344.56 625.30 Td (\(relating ) Tj ET Q q 0 0 0 rg BT 388.44 625.30 Td (to ) Tj ET Q q 0 0 0 rg BT 401.00 625.30 Td (adjustments ) Tj 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582.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 227.90 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.55 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.86 582.10 Td (Program ) Tj ET Q q 0 0 0 rg BT 304.84 582.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.82 582.10 Td (those ) Tj ET Q q 0 0 0 rg BT 354.80 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.45 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.76 582.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 414.74 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.06 582.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 486.71 582.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.36 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.67 582.10 Td (Plan ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 567.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 97.66 567.70 Td (control. ) Tj ET Q q 0 0 0 rg BT 137.65 567.70 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 538.90 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 538.90 Td (9.2 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 537.300390625 m 283.98828125 537.300390625 l s q 0 0 0 rg BT 144.00 538.90 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 205.84 538.90 Td (and ) Tj ET Q q 0 0 0 rg BT 225.51 538.90 Td (T) Tj ET Q q 0 0 0 rg BT 232.00 538.90 Td (ermination) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 283.99 538.90 Td (. ) Tj ET Q q 0 0 0 rg BT 289.51 538.90 Td ( ) Tj ET Q q 0 0 0 rg BT 292.04 538.90 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 374.56 538.90 Td (anything ) Tj ET Q q 0 0 0 rg BT 419.08 538.90 Td (herein ) Tj ET Q q 0 0 0 rg BT 451.58 538.90 Td (to ) Tj ET Q q 0 0 0 rg BT 463.44 538.90 Td (the ) Tj ET Q q 0 0 0 rg BT 480.62 538.90 Td (contrary) Tj ET Q q 0 0 0 rg BT 519.82 538.90 Td (, ) Tj ET Q q 0 0 0 rg BT 525.35 538.90 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 524.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 128.25 524.50 Td (may) Tj ET Q q 0 0 0 rg BT 148.13 524.50 Td (, ) Tj ET Q q 0 0 0 rg BT 154.05 524.50 Td (at ) Tj ET Q q 0 0 0 rg BT 165.63 524.50 Td (any ) Tj ET Q q 0 0 0 rg BT 185.88 524.50 Td 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Td (but ) Tj ET Q q 0 0 0 rg BT 432.15 495.70 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 466.77 495.70 Td (for ) Tj ET Q q 0 0 0 rg BT 482.73 495.70 Td (a ) Tj ET Q q 0 0 0 rg BT 490.02 495.70 Td (completed ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 481.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 136.00 481.30 Td (Period, ) Tj ET Q q 0 0 0 rg BT 173.04 481.30 Td (whether ) Tj ET Q q 0 0 0 rg BT 214.39 481.30 Td (or ) Tj ET Q q 0 0 0 rg BT 227.09 481.30 Td (not ) Tj ET Q q 0 0 0 rg BT 245.13 481.30 Td (the ) Tj ET Q q 0 0 0 rg BT 262.49 481.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 305.86 481.30 Td (of ) Tj ET Q q 0 0 0 rg BT 318.56 481.30 Td (such ) Tj ET Q q 0 0 0 rg BT 343.26 481.30 Td (Performance ) Tj ET Q q 0 0 0 rg BT 407.27 481.30 Td (Shares ) Tj ET Q q 0 0 0 rg BT 441.96 481.30 Td (have ) Tj ET Q q 0 0 0 rg BT 467.32 481.30 Td (been ) Tj ET Q q 0 0 0 rg BT 492.68 481.30 Td (computed ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 466.90 Td (and ) Tj ET Q q 0 0 0 rg BT 92.78 466.90 Td (whether ) Tj ET Q q 0 0 0 rg BT 134.88 466.90 Td (or ) Tj ET Q q 0 0 0 rg BT 148.33 466.90 Td (not ) Tj ET Q q 0 0 0 rg BT 167.12 466.90 Td (such ) Tj ET Q q 0 0 0 rg BT 192.57 466.90 Td (Performance ) Tj ET Q q 0 0 0 rg BT 257.33 466.90 Td (Shares ) Tj ET Q q 0 0 0 rg BT 292.77 466.90 Td (are ) Tj ET Q q 0 0 0 rg BT 310.88 466.90 Td (then ) Tj ET Q q 0 0 0 rg BT 334.99 466.90 Td (payable. ) Tj ET Q q 0 0 0 rg BT 378.76 466.90 Td ( ) Tj ET Q q 0 0 0 rg BT 382.21 466.90 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 465.66 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 483.78 466.90 Td (for) Tj ET Q q 0 0 0 rg BT 497.55 466.90 Td (going, ) Tj ET Q q 0 0 0 rg BT 531.34 466.90 Td (at ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 452.50 Td (any ) Tj ET Q q 0 0 0 rg BT 92.61 452.50 Td (time ) Tj ET Q q 0 0 0 rg BT 117.23 452.50 Td (the ) Tj ET Q q 0 0 0 rg BT 135.18 452.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 191.79 452.50 Td (determines ) Tj ET Q q 0 0 0 rg BT 247.73 452.50 Td (that ) Tj ET Q q 0 0 0 rg BT 269.01 452.50 Td (thePerformance ) Tj ET Q q 0 0 0 rg BT 351.26 452.50 Td (Sharesmay ) Tj ET Q q 0 0 0 rg BT 410.20 452.50 Td (be ) Tj ET Q q 0 0 0 rg BT 424.82 452.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 462.10 452.50 Td (to ) Tj ET Q q 0 0 0 rg BT 474.72 452.50 Td (Section ) Tj ET Q q 0 0 0 rg BT 514.00 452.50 Td (409A) Tj ET Q q 0 0 0 rg BT 540.01 452.50 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 438.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.23 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.13 438.10 Td (Code, ) Tj ET Q q 0 0 0 rg BT 134.69 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.59 438.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 209.15 438.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 235.05 438.10 Td (have ) Tj ET Q q 0 0 0 rg BT 260.94 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.84 438.10 Td (right, ) Tj ET Q q 0 0 0 rg BT 307.74 438.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.31 438.10 Td (its ) Tj ET Q q 0 0 0 rg BT 334.88 438.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 357.45 438.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 411.00 438.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.56 438.10 Td (without ) Tj ET Q q 0 0 0 rg BT 471.47 438.10 Td (a ) Tj ET Q q 0 0 0 rg BT 480.03 438.10 Td (Participant) Tj ET Q q 0 0 0 rg BT 535.35 438.10 Td (s ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 423.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 100.55 423.70 Td (consent ) Tj ET Q q 0 0 0 rg BT 142.43 423.70 Td (to ) Tj ET Q q 0 0 0 rg BT 156.99 423.70 Td (amend ) Tj ET Q q 0 0 0 rg BT 194.20 423.70 Td (the ) Tj ET Q q 0 0 0 rg BT 214.09 423.70 Td (Program ) Tj ET Q q 0 0 0 rg BT 260.64 423.70 Td (as ) Tj ET Q q 0 0 0 rg BT 275.86 423.70 Td (itmay ) Tj ET Q q 0 0 0 rg BT 311.41 423.70 Td (determine ) Tj ET Q q 0 0 0 rg BT 364.62 423.70 Td (is ) Tj ET Q q 0 0 0 rg BT 377.84 423.70 Td (necessary ) Tj ET Q q 0 0 0 rg BT 429.71 423.70 Td (or ) Tj ET Q q 0 0 0 rg BT 444.93 423.70 Td (desirable ) Tj ET Q q 0 0 0 rg BT 493.47 423.70 Td (either ) Tj ET Q q 0 0 0 rg BT 526.01 423.70 Td (for ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 409.30 Td (thePerformance ) Tj ET Q q 0 0 0 rg BT 156.30 409.30 Td (Sharesto ) Tj ET Q q 0 0 0 rg BT 205.97 409.30 Td (be ) Tj ET Q q 0 0 0 rg BT 222.64 409.30 Td (exempt ) Tj ET Q q 0 0 0 rg BT 263.30 409.30 Td (from ) Tj ET Q q 0 0 0 rg BT 291.97 409.30 Td (the ) Tj ET Q q 0 0 0 rg BT 311.97 409.30 Td (application ) Tj ET Q q 0 0 0 rg BT 370.63 409.30 Td (of ) Tj ET Q q 0 0 0 rg BT 385.97 409.30 Td (Section ) Tj ET Q q 0 0 0 rg BT 427.31 409.30 Td (409A) Tj ET Q q 0 0 0 rg BT 453.31 409.30 Td ( ) Tj ET Q q 0 0 0 rg BT 458.65 409.30 Td (or ) Tj ET Q q 0 0 0 rg BT 473.99 409.30 Td (to ) Tj ET Q q 0 0 0 rg BT 488.67 409.30 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 525.34 409.30 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 394.90 Td (requirements ) Tj ET Q q 0 0 0 rg BT 138.11 394.90 Td (of ) Tj ET Q q 0 0 0 rg BT 151.58 394.90 Td (Section ) Tj ET Q q 0 0 0 rg BT 191.04 394.90 Td (409A, ) Tj ET Q q 0 0 0 rg BT 224.17 394.90 Td (including ) Tj ET Q q 0 0 0 rg BT 272.97 394.90 Td (by ) Tj ET Q q 0 0 0 rg BT 288.44 394.90 Td (adding ) Tj ET Q q 0 0 0 rg BT 324.57 394.90 Td (conditions ) Tj ET Q q 0 0 0 rg BT 378.04 394.90 Td (with ) Tj ET Q q 0 0 0 rg BT 402.84 394.90 Td (respect ) Tj ET Q q 0 0 0 rg BT 440.29 394.90 Td (to ) Tj ET Q q 0 0 0 rg BT 453.09 394.90 Td (the ) Tj ET Q q 0 0 0 rg BT 471.22 394.90 Td (vesting ) Tj ET Q q 0 0 0 rg BT 509.35 394.90 Td (and/or ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 380.50 Td (the ) Tj ET Q q 0 0 0 rg BT 89.66 380.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 133.98 380.50 Td (of ) Tj ET Q q 0 0 0 rg BT 146.98 380.50 Td (the ) Tj ET Q q 0 0 0 rg BT 164.64 380.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 228.94 380.50 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 266.93 380.50 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 351.70 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 351.70 Td (9.3 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 350.100390625 m 258.8232421875 350.100390625 l s q 0 0 0 rg BT 144.00 351.70 Td (Limitation ) Tj ET Q q 0 0 0 rg BT 197.41 351.70 Td (on ) Tj ET Q q 0 0 0 rg BT 212.16 351.70 Td (Payments) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 258.82 351.70 Td (. ) Tj ET Q q 0 0 0 rg BT 264.57 351.70 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 347.32 351.70 Td (anything ) Tj ET Q q 0 0 0 rg BT 392.06 351.70 Td (in ) Tj ET Q q 0 0 0 rg BT 404.15 351.70 Td (this ) Tj ET Q q 0 0 0 rg BT 424.23 351.70 Td (Program ) Tj ET Q q 0 0 0 rg BT 468.31 351.70 Td (to ) Tj ET Q q 0 0 0 rg BT 480.39 351.70 Td (the ) Tj ET Q q 0 0 0 rg BT 497.80 351.70 Td (contrary) Tj ET Q q 0 0 0 rg BT 537.00 351.70 Td (, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 337.30 Td (if ) Tj ET Q q 0 0 0 rg BT 82.81 337.30 Td (any ) Tj ET Q q 0 0 0 rg BT 103.63 337.30 Td (payment ) Tj ET Q q 0 0 0 rg BT 148.43 337.30 Td (or ) Tj ET Q q 0 0 0 rg BT 161.91 337.30 Td (distribution ) Tj ET Q q 0 0 0 rg BT 220.73 337.30 Td (a ) Tj ET Q q 0 0 0 rg BT 229.54 337.30 Td (Participant ) Tj ET Q q 0 0 0 rg BT 285.01 337.30 Td (would ) Tj ET Q q 0 0 0 rg BT 318.50 337.30 Td (receive ) Tj ET Q q 0 0 0 rg BT 356.62 337.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 401.43 337.30 Td (to ) Tj ET Q q 0 0 0 rg BT 414.25 337.30 Td (this ) Tj ET Q q 0 0 0 rg BT 435.07 337.30 Td (Program ) Tj ET Q q 0 0 0 rg BT 479.88 337.30 Td (or ) Tj ET Q q 0 0 0 rg BT 493.36 337.30 Td (otherwise ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 322.90 Td (\() Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 81.322265625 321.300390625 m 123.31640625 321.300390625 l s q 0 0 0 rg BT 81.32 322.90 Td (Payment) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 123.32 322.90 Td (\) ) Tj ET Q q 0 0 0 rg BT 136.04 322.90 Td (would ) Tj ET Q q 0 0 0 rg BT 169.43 322.90 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 186.15 322.90 Td (constitute ) Tj ET Q q 0 0 0 rg BT 236.20 322.90 Td (a ) Tj ET Q q 0 0 0 rg BT 244.93 322.90 Td (parachute ) Tj ET Q q 0 0 0 rg BT 300.28 322.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 350.33 322.90 Td (within ) Tj ET Q q 0 0 0 rg BT 384.39 322.90 Td (the ) Tj ET Q q 0 0 0 rg BT 402.45 322.90 Td (meaning ) Tj ET Q q 0 0 0 rg BT 447.17 322.90 Td (of ) Tj ET Q q 0 0 0 rg BT 460.56 322.90 Td (Section ) Tj ET Q q 0 0 0 rg BT 499.95 322.90 Td (280G ) Tj ET Q q 0 0 0 rg BT 530.01 322.90 Td (of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 308.50 Td (the ) Tj ET Q q 0 0 0 rg BT 89.37 308.50 Td (Code, ) Tj ET Q q 0 0 0 rg BT 120.41 308.50 Td (and ) Tj ET Q q 0 0 0 rg BT 140.44 308.50 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 157.14 308.50 Td (but ) Tj ET Q q 0 0 0 rg BT 175.19 308.50 Td (for ) Tj ET Q q 0 0 0 rg BT 191.89 308.50 Td (this ) Tj ET Q q 0 0 0 rg BT 211.93 308.50 Td (sentence, ) Tj ET Q q 0 0 0 rg BT 258.95 308.50 Td (be ) Tj ET Q q 0 0 0 rg BT 272.98 308.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 309.68 308.50 Td (to ) Tj ET Q q 0 0 0 rg BT 321.73 308.50 Td (the ) Tj ET Q q 0 0 0 rg BT 339.09 308.50 Td (excise ) Tj ET Q q 0 0 0 rg BT 371.78 308.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.15 308.50 Td (imposed ) Tj ET Q q 0 0 0 rg BT 432.53 308.50 Td (by ) Tj ET Q q 0 0 0 rg BT 447.23 308.50 Td (Section ) Tj ET Q q 0 0 0 rg BT 485.94 308.50 Td (4999 ) Tj ET Q q 0 0 0 rg BT 512.65 308.50 Td (of ) Tj ET Q q 0 0 0 rg BT 525.35 308.50 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 294.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 100.07 294.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 121.46 294.10 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 126.7880859375 292.500390625 m 179.1328125 292.500390625 l s q 0 0 0 rg BT 126.79 294.10 Td (Excise ) Tj ET Q q 0 0 0 rg BT 161.31 294.10 Td (T) Tj ET Q q 0 0 0 rg BT 167.81 294.10 Td (ax) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 179.13 294.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 194.19 294.10 Td (then ) Tj ET Q q 0 0 0 rg BT 217.59 294.10 Td (such ) Tj ET Q q 0 0 0 rg BT 242.32 294.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 287.06 294.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 312.46 294.10 Td (either ) Tj ET Q q 0 0 0 rg BT 342.51 294.10 Td (be ) Tj ET Q q 0 0 0 rg BT 356.58 294.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 370.64 294.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 418.02 294.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.09 294.10 Td (full, ) Tj ET Q q 0 0 0 rg BT 452.49 294.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.23 294.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 482.63 294.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 530.01 294.10 Td (as ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 279.70 Td (to ) Tj ET Q q 0 0 0 rg BT 84.12 279.70 Td (such ) Tj ET Q q 0 0 0 rg BT 108.91 279.70 Td (lesser ) Tj ET Q q 0 0 0 rg BT 139.02 279.70 Td (extent ) Tj ET Q q 0 0 0 rg BT 171.13 279.70 Td (which ) Tj ET Q q 0 0 0 rg BT 203.25 279.70 Td (would ) Tj ET Q q 0 0 0 rg BT 236.04 279.70 Td (result ) Tj ET Q q 0 0 0 rg BT 265.49 279.70 Td (in ) Tj ET Q q 0 0 0 rg BT 277.62 279.70 Td (no ) Tj ET Q q 0 0 0 rg BT 292.41 279.70 Td (portion ) Tj ET Q q 0 0 0 rg BT 329.86 279.70 Td (of ) Tj ET Q q 0 0 0 rg BT 342.65 279.70 Td (such ) Tj ET Q q 0 0 0 rg BT 367.44 279.70 Td (Payment ) Tj ET Q q 0 0 0 rg BT 412.22 279.70 Td (being ) Tj ET Q q 0 0 0 rg BT 441.67 279.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 478.45 279.70 Td (to ) Tj ET Q q 0 0 0 rg BT 490.58 279.70 Td (the ) Tj ET Q q 0 0 0 rg BT 508.03 279.70 Td (Excise ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 265.30 Td (T) Tj ET Q q 0 0 0 rg BT 78.49 265.30 Td (ax, ) Tj ET Q q 0 0 0 rg BT 95.20 265.30 Td (whichever ) Tj ET Q q 0 0 0 rg BT 147.56 265.30 Td (of ) Tj ET Q q 0 0 0 rg BT 159.94 265.30 Td (the ) Tj ET Q q 0 0 0 rg BT 176.98 265.30 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 226.02 265.30 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 272.07 265.30 Td (taking ) Tj ET Q q 0 0 0 rg BT 304.44 265.30 Td (into ) Tj ET Q q 0 0 0 rg BT 325.49 265.30 Td (account ) Tj ET Q q 0 0 0 rg BT 365.19 265.30 Td (the ) Tj ET Q q 0 0 0 rg BT 382.23 265.30 Td (applicable ) Tj ET Q q 0 0 0 rg BT 433.92 265.30 Td (federal, ) Tj ET Q q 0 0 0 rg BT 472.61 265.30 Td (state ) Tj ET Q q 0 0 0 rg BT 496.98 265.30 Td (and ) Tj ET Q q 0 0 0 rg BT 516.69 265.30 Td (local ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 250.90 Td (income ) Tj ET Q q 0 0 0 rg BT 110.19 250.90 Td (taxes ) Tj ET Q q 0 0 0 rg BT 137.72 250.90 Td (and ) Tj ET Q q 0 0 0 rg BT 157.91 250.90 Td (the ) Tj ET Q q 0 0 0 rg BT 175.44 250.90 Td (Excise ) Tj ET Q q 0 0 0 rg BT 210.09 250.90 Td (T) Tj ET Q q 0 0 0 rg BT 216.58 250.90 Td (ax, ) Tj ET Q q 0 0 0 rg BT 233.78 250.90 Td (results ) Tj ET Q q 0 0 0 rg BT 267.98 250.90 Td (in ) Tj ET Q q 0 0 0 rg BT 280.18 250.90 Td (the ) Tj ET Q q 0 0 0 rg BT 297.71 250.90 Td (receipt ) Tj ET Q q 0 0 0 rg BT 333.22 250.90 Td (by ) Tj ET Q q 0 0 0 rg BT 348.09 250.90 Td (such ) Tj ET Q q 0 0 0 rg BT 372.96 250.90 Td (Participant ) Tj ET Q q 0 0 0 rg BT 427.81 250.90 Td (on ) Tj ET Q q 0 0 0 rg BT 442.68 250.90 Td (an ) Tj ET Q q 0 0 0 rg BT 456.88 250.90 Td (after) Tj ET Q q 0 0 0 rg BT 478.62 250.90 Td (-tax ) Tj ET Q q 0 0 0 rg BT 500.14 250.90 Td (basis, ) Tj ET Q q 0 0 0 rg BT 530.01 250.90 Td (of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 236.50 Td (the ) Tj ET Q q 0 0 0 rg BT 90.18 236.50 Td (lar) Tj ET Q q 0 0 0 rg BT 102.62 236.50 Td (gest ) Tj ET Q q 0 0 0 rg BT 125.48 236.50 Td (payment, ) Tj ET Q q 0 0 0 rg BT 173.32 236.50 Td (notwithstanding ) Tj ET Q q 0 0 0 rg BT 254.18 236.50 Td (that ) Tj ET Q q 0 0 0 rg BT 275.70 236.50 Td (all ) Tj ET Q q 0 0 0 rg BT 291.22 236.50 Td (or ) Tj ET Q q 0 0 0 rg BT 304.74 236.50 Td (some ) Tj ET Q q 0 0 0 rg BT 333.59 236.50 Td (portion ) Tj ET Q q 0 0 0 rg BT 371.78 236.50 Td (the ) Tj ET Q q 0 0 0 rg BT 389.96 236.50 Td (Payment ) Tj ET Q q 0 0 0 rg BT 435.48 236.50 Td (may ) Tj ET Q q 0 0 0 rg BT 459.67 236.50 Td (be ) Tj ET Q q 0 0 0 rg BT 474.52 236.50 Td (taxable ) Tj ET Q q 0 0 0 rg BT 512.69 236.50 Td (under ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 222.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 110.26 222.10 Td (4999 ) Tj ET Q q 0 0 0 rg BT 136.52 222.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.78 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.71 222.10 Td (Code. ) Tj ET Q q 0 0 0 rg BT 196.14 222.10 Td (The ) Tj ET Q q 0 0 0 rg BT 217.06 222.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 271.97 222.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 294.90 222.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 337.14 222.10 Td (by ) Tj ET Q q 0 0 0 rg BT 351.40 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.33 222.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 417.26 222.10 Td (for ) Tj ET Q q 0 0 0 rg BT 433.52 222.10 Td (general ) Tj ET Q q 0 0 0 rg BT 471.09 222.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 497.35 222.10 Td (purposes ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 207.70 Td (as ) Tj ET Q q 0 0 0 rg BT 86.53 207.70 Td (of ) Tj ET Q q 0 0 0 rg BT 101.05 207.70 Td (the ) Tj ET Q q 0 0 0 rg BT 120.25 207.70 Td (day ) Tj ET Q q 0 0 0 rg BT 142.10 207.70 Td (prior ) Tj ET Q q 0 0 0 rg BT 169.96 207.70 Td (to ) Tj ET Q q 0 0 0 rg BT 183.83 207.70 Td (the ) Tj ET Q q 0 0 0 rg BT 203.02 207.70 Td (ef) Tj ET Q q 0 0 0 rg BT 212.12 207.70 Td (fective ) Tj ET Q q 0 0 0 rg BT 249.30 207.70 Td (date ) Tj ET Q q 0 0 0 rg BT 273.81 207.70 Td (of ) Tj ET Q q 0 0 0 rg BT 288.34 207.70 Td (the ) Tj ET Q q 0 0 0 rg BT 307.53 207.70 Td (Change ) Tj ET Q q 0 0 0 rg BT 348.72 207.70 Td (in ) Tj ET Q q 0 0 0 rg BT 362.59 207.70 Td (Control ) Tj ET Q q 0 0 0 rg BT 403.79 207.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 430.98 207.70 Td (perform ) Tj ET Q q 0 0 0 rg BT 474.16 207.70 Td (the ) Tj ET Q q 0 0 0 rg BT 493.35 207.70 Td (foregoing ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 193.30 Td (calculations. ) Tj ET Q q 0 0 0 rg BT 136.56 193.30 Td ( ) Tj ET Q q 0 0 0 rg BT 140.49 193.30 Td (The ) Tj ET Q q 0 0 0 rg BT 163.40 193.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 214.30 193.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 241.21 193.30 Td (bear ) Tj ET Q q 0 0 0 rg BT 266.11 193.30 Td (all ) Tj ET Q q 0 0 0 rg BT 282.35 193.30 Td (expenses ) Tj ET Q q 0 0 0 rg BT 329.91 193.30 Td (with ) Tj ET Q q 0 0 0 rg BT 355.49 193.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 393.71 193.30 Td (to ) Tj ET Q q 0 0 0 rg BT 407.29 193.30 Td (the ) Tj ET Q q 0 0 0 rg BT 426.20 193.30 Td (determinations ) Tj ET Q q 0 0 0 rg BT 501.76 193.30 Td (by ) Tj ET Q q 0 0 0 rg BT 518.00 193.30 Td (such ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 178.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 127.36 178.90 Td (firm ) Tj ET Q q 0 0 0 rg BT 150.74 178.90 Td (required ) Tj ET Q q 0 0 0 rg BT 193.43 178.90 Td (to ) Tj ET Q q 0 0 0 rg BT 205.48 178.90 Td (be ) Tj ET Q q 0 0 0 rg BT 219.52 178.90 Td (made ) Tj ET Q q 0 0 0 rg BT 248.23 178.90 Td (hereunder) Tj ET Q q 0 0 0 rg BT 295.54 178.90 Td (. ) Tj ET Q q 0 0 0 rg BT 301.25 178.90 Td ( ) Tj ET Q q 0 0 0 rg BT 303.77 178.90 Td (The ) Tj ET Q q 0 0 0 rg BT 325.14 178.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 380.50 178.90 Td (firm ) Tj ET Q q 0 0 0 rg BT 403.88 178.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 429.26 178.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 468.63 178.90 Td (its ) Tj ET Q q 0 0 0 rg BT 482.69 178.90 Td (calculations ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 164.50 Td (to ) Tj ET Q q 0 0 0 rg BT 84.84 164.50 Td (the ) Tj ET Q q 0 0 0 rg BT 103.01 164.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 153.19 164.50 Td (and ) Tj ET Q q 0 0 0 rg BT 174.02 164.50 Td (the ) Tj ET Q q 0 0 0 rg BT 192.19 164.50 Td (Participant ) Tj ET Q q 0 0 0 rg BT 247.69 164.50 Td (within ) Tj ET Q q 0 0 0 rg BT 281.87 164.50 Td (fifteen ) Tj ET Q q 0 0 0 rg BT 316.69 164.50 Td (\(15\) ) Tj ET Q q 0 0 0 rg BT 340.19 164.50 Td (calendar ) Tj ET Q q 0 0 0 rg BT 384.33 164.50 Td (days ) Tj ET Q q 0 0 0 rg BT 409.84 164.50 Td (after ) Tj ET Q q 0 0 0 rg BT 435.33 164.50 Td (the ) Tj ET Q q 0 0 0 rg BT 453.50 164.50 Td (date ) Tj ET Q q 0 0 0 rg BT 476.99 164.50 Td (on ) Tj ET Q q 0 0 0 rg BT 492.50 164.50 Td (which ) Tj ET Q q 0 0 0 rg BT 525.34 164.50 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 150.10 Td (Participant) Tj ET Q q 0 0 0 rg BT 127.32 150.10 Td (s ) Tj ET Q q 0 0 0 rg BT 136.62 150.10 Td (right ) Tj ET Q q 0 0 0 rg BT 163.92 150.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.88 150.10 Td (a ) Tj ET Q q 0 0 0 rg BT 187.84 150.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 234.47 150.10 Td (is ) Tj ET Q q 0 0 0 rg BT 247.10 150.10 Td (triggered ) Tj ET Q q 0 0 0 rg BT 295.05 150.10 Td (\(if ) Tj ET Q q 0 0 0 rg BT 311.00 150.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 361.61 150.10 Td (at ) Tj ET Q q 0 0 0 rg BT 374.91 150.10 Td (that ) Tj ET Q q 0 0 0 rg BT 397.53 150.10 Td (time ) Tj ET Q q 0 0 0 rg BT 423.49 150.10 Td (by ) Tj ET Q q 0 0 0 rg BT 440.12 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.42 150.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 510.71 150.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.34 150.10 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 135.70 Td (Participant\) ) Tj ET Q q 0 0 0 rg BT 131.69 135.70 Td (or ) Tj ET Q q 0 0 0 rg BT 145.39 135.70 Td (such ) Tj ET Q q 0 0 0 rg BT 171.09 135.70 Td (other ) Tj ET Q q 0 0 0 rg BT 199.45 135.70 Td (time ) Tj ET Q q 0 0 0 rg BT 224.48 135.70 Td (as ) Tj ET Q q 0 0 0 rg BT 238.18 135.70 Td (requested ) Tj ET Q q 0 0 0 rg BT 287.86 135.70 Td (by ) Tj ET Q q 0 0 0 rg BT 303.57 135.70 Td (the ) Tj ET Q q 0 0 0 rg BT 321.93 135.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.30 135.70 Td (or ) Tj ET Q q 0 0 0 rg BT 386.00 135.70 Td (the ) Tj ET Q q 0 0 0 rg BT 404.37 135.70 Td (Participant. ) Tj ET Q q 0 0 0 rg BT 463.06 135.70 Td ( ) Tj ET Q q 0 0 0 rg BT 465.94 135.70 Td (Any ) Tj ET Q q 0 0 0 rg BT 490.31 135.70 Td (good ) Tj ET Q q 0 0 0 rg BT 518.02 135.70 Td (faith ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 121.30 Td (determinations ) Tj ET Q q 0 0 0 rg BT 146.12 121.30 Td (of ) Tj ET Q q 0 0 0 rg BT 158.92 121.30 Td (the ) Tj ET Q q 0 0 0 rg BT 176.39 121.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 231.84 121.30 Td (firm ) Tj ET Q q 0 0 0 rg BT 255.31 121.30 Td (made ) Tj ET Q q 0 0 0 rg BT 284.10 121.30 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 334.88 121.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 360.35 121.30 Td (be ) Tj ET Q q 0 0 0 rg BT 374.48 121.30 Td (final, ) Tj ET Q q 0 0 0 rg BT 402.28 121.30 Td (binding ) Tj ET Q q 0 0 0 rg BT 441.76 121.30 Td (and ) Tj ET Q q 0 0 0 rg BT 461.89 121.30 Td (conclusive ) Tj ET Q q 0 0 0 rg BT 516.01 121.30 Td (upon ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 106.90 Td (the ) Tj ET Q q 0 0 0 rg BT 88.40 106.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 136.81 106.90 Td (and ) Tj ET Q q 0 0 0 rg BT 155.88 106.90 Td (the ) Tj ET Q q 0 0 0 rg BT 172.28 106.90 Td (Participant. ) Tj ET Q q 0 0 0 rg BT 229.01 106.90 Td ( ) Tj ET Q q 0 0 0 rg BT 230.37 106.90 Td (Any ) Tj ET Q q 0 0 0 rg BT 252.78 106.90 Td (reduction ) Tj ET Q q 0 0 0 rg BT 299.84 106.90 Td (in ) Tj ET Q q 0 0 0 rg BT 310.92 106.90 Td (payments ) Tj ET Q q 0 0 0 rg BT 358.65 106.90 Td (and/or ) Tj ET Q q 0 0 0 rg BT 391.05 106.90 Td (benefits ) Tj ET Q q 0 0 0 rg BT 430.78 106.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 473.85 106.90 Td (to ) Tj ET Q q 0 0 0 rg BT 484.92 106.90 Td (this ) Tj ET Q q 0 0 0 rg BT 504.00 106.90 Td (Section ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 92.50 Td (9.3 ) Tj ET Q q 0 0 0 rg BT 89.17 92.50 Td (will ) Tj ET Q q 0 0 0 rg BT 110.00 92.50 Td (occur ) Tj ET Q q 0 0 0 rg BT 138.82 92.50 Td (in ) Tj ET Q q 0 0 0 rg BT 150.32 92.50 Td (the ) Tj ET Q q 0 0 0 rg BT 167.15 92.50 Td (following ) Tj ET Q q 0 0 0 rg BT 215.98 92.50 Td (order: ) Tj ET Q q 0 0 0 rg BT 246.80 92.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 262.96 92.50 Td (reduction ) Tj ET Q q 0 0 0 rg BT 310.45 92.50 Td (of ) Tj ET Q q 0 0 0 rg BT 322.61 92.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 346.10 92.50 Td (payments; ) Tj ET Q q 0 0 0 rg BT 397.59 92.50 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 413.75 92.50 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 473.89 92.50 Td (of ) Tj ET Q q 0 0 0 rg BT 486.05 92.50 Td (accelerated ) Tj ET Q endstream endobj 195 0 obj <> endobj 196 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 60.60 Td (7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 51.00 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 711.70 Td (vesting ) Tj ET Q q 0 0 0 rg BT 109.82 711.70 Td (of ) Tj ET Q q 0 0 0 rg BT 122.97 711.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 156.12 711.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 193.25 711.70 Td (other ) Tj ET Q q 0 0 0 rg BT 221.06 711.70 Td (than ) Tj ET Q q 0 0 0 rg BT 244.88 711.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 273.36 711.70 Td (options; ) Tj ET Q q 0 0 0 rg BT 315.19 711.70 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 332.33 711.70 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 393.45 711.70 Td (of ) Tj ET Q q 0 0 0 rg BT 406.60 711.70 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 463.71 711.70 Td (vesting ) Tj ET Q q 0 0 0 rg BT 501.52 711.70 Td (of ) Tj ET Q q 0 0 0 rg BT 514.67 711.70 Td (stock ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 697.30 Td (options; ) Tj ET Q q 0 0 0 rg BT 113.67 697.30 Td (and ) Tj ET Q q 0 0 0 rg BT 134.00 697.30 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 150.99 697.30 Td (reduction ) Tj ET Q q 0 0 0 rg BT 199.31 697.30 Td (of ) Tj ET Q q 0 0 0 rg BT 212.30 697.30 Td (other ) Tj ET Q q 0 0 0 rg BT 239.96 697.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 280.95 697.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 321.26 697.30 Td (to ) Tj ET Q q 0 0 0 rg BT 333.59 697.30 Td (the ) Tj ET Q q 0 0 0 rg BT 351.25 697.30 Td (Participant.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 668.50 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 668.50 Td (9.4 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 666.900390625 m 281.296875 666.900390625 l s q 0 0 0 rg BT 144.00 668.50 Td (No ) Tj ET Q q 0 0 0 rg BT 160.44 668.50 Td (Contract ) Tj ET Q q 0 0 0 rg BT 203.54 668.50 Td (for ) Tj ET Q q 0 0 0 rg BT 219.30 668.50 Td (Employment) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 281.30 668.50 Td (. ) Tj ET Q q 0 0 0 rg BT 286.07 668.50 Td ( ) Tj ET Q q 0 0 0 rg BT 287.85 668.50 Td (Nothing ) Tj ET Q q 0 0 0 rg BT 328.96 668.50 Td (contained ) Tj ET Q q 0 0 0 rg BT 377.38 668.50 Td (in ) Tj ET Q q 0 0 0 rg BT 388.49 668.50 Td (this ) Tj ET Q q 0 0 0 rg BT 407.60 668.50 Td (Program ) Tj ET Q q 0 0 0 rg BT 450.70 668.50 Td (or ) Tj ET Q q 0 0 0 rg BT 462.47 668.50 Td (in ) Tj ET Q q 0 0 0 rg BT 473.58 668.50 Td (any ) Tj ET Q q 0 0 0 rg BT 492.69 668.50 Td (document ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 654.10 Td (related ) Tj ET Q q 0 0 0 rg BT 108.07 654.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.84 654.10 Td (this ) Tj ET Q q 0 0 0 rg BT 141.61 654.10 Td (Program ) Tj ET Q q 0 0 0 rg BT 186.37 654.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.80 654.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.56 654.10 Td (any ) Tj ET Q q 0 0 0 rg BT 233.32 654.10 Td (award ) Tj ET Q q 0 0 0 rg BT 266.07 654.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.50 654.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 344.23 654.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 379.65 654.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 405.75 654.10 Td (confer ) Tj ET Q q 0 0 0 rg BT 439.83 654.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 467.26 654.10 Td (any ) Tj ET Q q 0 0 0 rg BT 488.02 654.10 Td (Participant ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 639.70 Td (any ) Tj ET Q q 0 0 0 rg BT 92.27 639.70 Td (right ) Tj ET Q q 0 0 0 rg BT 117.88 639.70 Td (to ) Tj ET Q q 0 0 0 rg BT 130.16 639.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 174.43 639.70 Td (as ) Tj ET Q q 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Tj ET Q q 0 0 0 rg BT 268.65 610.90 Td (such ) Tj ET Q q 0 0 0 rg BT 293.84 610.90 Td (person) Tj ET Q q 0 0 0 rg BT 329.17 610.90 Td (s ) Tj ET Q q 0 0 0 rg BT 337.04 610.90 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 409.89 610.90 Td (to ) Tj ET Q q 0 0 0 rg BT 422.43 610.90 Td (change ) Tj ET Q q 0 0 0 rg BT 459.60 610.90 Td (the ) Tj ET Q q 0 0 0 rg BT 477.47 610.90 Td (position ) Tj ET Q q 0 0 0 rg BT 519.34 610.90 Td (held ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 596.50 Td (by ) Tj ET Q q 0 0 0 rg BT 87.00 596.50 Td (such ) Tj ET Q q 0 0 0 rg BT 112.00 596.50 Td (person ) Tj ET Q q 0 0 0 rg BT 146.99 596.50 Td (or ) Tj ET Q q 0 0 0 rg BT 159.98 596.50 Td (to ) Tj ET Q q 0 0 0 rg BT 172.32 596.50 Td (terminate ) Tj ET Q q 0 0 0 rg BT 220.63 596.50 Td (the ) Tj ET Q q 0 0 0 rg BT 238.29 596.50 Td (employment ) Tj ET Q q 0 0 0 rg BT 301.28 596.50 Td (of ) Tj ET Q q 0 0 0 rg BT 314.27 596.50 Td (such ) Tj ET Q q 0 0 0 rg BT 339.27 596.50 Td (person, ) Tj ET Q q 0 0 0 rg BT 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0 rg BT 457.97 567.70 Td (Program ) Tj ET Q q 0 0 0 rg BT 502.66 567.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 528.69 567.70 Td (be ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 553.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 109.20 553.30 Td (in ) Tj ET Q q 0 0 0 rg BT 121.75 553.30 Td (any ) Tj ET Q q 0 0 0 rg BT 142.28 553.30 Td (manner ) Tj ET Q q 0 0 0 rg BT 181.48 553.30 Td (to ) Tj ET Q q 0 0 0 rg BT 194.02 553.30 Td (anticipation, ) Tj ET Q q 0 0 0 rg BT 256.88 553.30 Td (alienation, ) Tj ET Q q 0 0 0 rg BT 310.41 553.30 Td (sale, ) Tj ET Q q 0 0 0 rg BT 335.27 553.30 Td (transfer) Tj ET Q q 0 0 0 rg BT 371.44 553.30 Td (, ) Tj ET Q q 0 0 0 rg BT 377.65 553.30 Td (assignment, ) Tj ET Q q 0 0 0 rg BT 437.85 553.30 Td (pledge, ) Tj ET Q q 0 0 0 rg BT 476.05 553.30 Td (encumbrance ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 538.90 Td (or ) Tj ET Q q 0 0 0 rg BT 85.40 538.90 Td (char) Tj ET Q q 0 0 0 rg BT 105.84 538.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 120.57 538.90 Td (and ) Tj ET Q q 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510.10 Td (nothing ) Tj ET Q q 0 0 0 rg BT 292.33 510.10 Td (in ) Tj ET Q q 0 0 0 rg BT 304.97 510.10 Td (this ) Tj ET Q q 0 0 0 rg BT 325.61 510.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 364.90 510.10 Td (9.5 ) Tj ET Q q 0 0 0 rg BT 383.21 510.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 409.17 510.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 448.46 510.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 488.40 510.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 503.03 510.10 Td (by ) Tj ET Q q 0 0 0 rg BT 518.33 510.10 Td (will, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 495.70 Td (or ) Tj ET Q q 0 0 0 rg BT 85.00 495.70 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 102.66 495.70 Td (by ) Tj ET Q q 0 0 0 rg BT 117.66 495.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 169.96 495.70 Td (laws ) Tj ET Q q 0 0 0 rg BT 194.96 495.70 Td (of ) Tj ET Q q 0 0 0 rg BT 207.96 495.70 Td (descent ) Tj ET Q q 0 0 0 rg BT 246.94 495.70 Td (and ) Tj ET Q q 0 0 0 rg BT 267.26 495.70 Td (distribution.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 481.30 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 466.90 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 466.90 Td (9.6 ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 144 465.300390625 m 232.658203125 465.300390625 l s q 0 0 0 rg BT 144.00 466.90 Td (Nature ) Tj ET Q q 0 0 0 rg BT 178.99 466.90 Td (of ) Tj ET Q q 0 0 0 rg BT 191.33 466.90 Td (Program) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 232.66 466.90 Td (. ) Tj ET Q q 0 0 0 rg BT 238.00 466.90 Td ( ) Tj ET Q q 0 0 0 rg BT 240.35 466.90 Td (No ) Tj ET Q q 0 0 0 rg BT 257.36 466.90 Td (Participant, ) Tj ET Q q 0 0 0 rg BT 314.68 466.90 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 370.99 466.90 Td (or ) Tj ET Q q 0 0 0 rg BT 383.33 466.90 Td (other ) Tj ET Q q 0 0 0 rg BT 410.33 466.90 Td (person ) Tj ET Q q 0 0 0 rg BT 444.67 466.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 469.68 466.90 Td (have ) Tj ET Q q 0 0 0 rg BT 494.67 466.90 Td (any ) Tj ET Q q 0 0 0 rg BT 514.34 466.90 Td (right, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 452.50 Td (title ) Tj ET Q q 0 0 0 rg BT 93.25 452.50 Td (or ) Tj ET Q q 0 0 0 rg BT 105.83 452.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 143.73 452.50 Td (in ) Tj ET Q q 0 0 0 rg BT 155.65 452.50 Td (any ) Tj ET Q q 0 0 0 rg BT 175.57 452.50 Td (fund ) Tj ET Q q 0 0 0 rg BT 200.15 452.50 Td (or ) Tj ET Q q 0 0 0 rg BT 212.73 452.50 Td (in ) Tj ET Q q 0 0 0 rg BT 224.65 452.50 Td (any ) Tj ET Q q 0 0 0 rg BT 244.56 452.50 Td (specific ) Tj ET Q q 0 0 0 rg BT 284.46 452.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 310.37 452.50 Td (of ) Tj ET Q q 0 0 0 rg BT 322.95 452.50 Td (the ) Tj ET Q q 0 0 0 rg BT 340.20 452.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 389.45 452.50 Td (or ) Tj ET Q q 0 0 0 rg BT 402.03 452.50 Td (any ) Tj ET Q q 0 0 0 rg BT 421.94 452.50 Td (af) Tj ET Q q 0 0 0 rg BT 431.04 452.50 Td (filiate ) Tj ET Q q 0 0 0 rg BT 461.61 452.50 Td (by ) Tj ET Q q 0 0 0 rg BT 476.20 452.50 Td (reason ) Tj ET Q q 0 0 0 rg BT 510.10 452.50 Td (of ) Tj ET Q q 0 0 0 rg BT 522.69 452.50 Td (any ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 438.10 Td (award ) Tj ET Q q 0 0 0 rg BT 103.78 438.10 Td (hereunder) Tj ET Q q 0 0 0 rg BT 151.09 438.10 Td (. ) Tj ET Q q 0 0 0 rg BT 156.56 438.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.85 438.10 Td (There ) Tj ET Q q 0 0 0 rg BT 189.30 438.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 214.43 438.10 Td (be ) Tj ET Q q 0 0 0 rg BT 228.22 438.10 Td (no ) Tj ET Q q 0 0 0 rg BT 242.69 438.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 282.49 438.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.95 438.10 Td (any ) Tj ET Q q 0 0 0 rg BT 314.75 438.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 355.20 438.10 Td (which ) Tj ET Q q 0 0 0 rg BT 387.00 438.10 Td (may ) Tj ET Q q 0 0 0 rg BT 410.13 438.10 Td (become ) Tj ET Q q 0 0 0 rg BT 449.91 438.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 489.69 438.10 Td (hereunder) Tj ET Q q 0 0 0 rg BT 537.00 438.10 Td (. ) Tj ET Q q 0 0 0 rg BT 543.00 438.10 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 423.70 Td (Nothing ) Tj ET Q q 0 0 0 rg BT 113.46 423.70 Td (contained ) Tj ET Q q 0 0 0 rg BT 162.22 423.70 Td (in ) Tj ET Q q 0 0 0 rg BT 173.68 423.70 Td (this ) Tj ET Q q 0 0 0 rg BT 193.14 423.70 Td (Program ) Tj ET Q q 0 0 0 rg BT 236.58 423.70 Td (\(or ) Tj ET Q q 0 0 0 rg BT 252.70 423.70 Td (in ) Tj ET Q q 0 0 0 rg BT 264.15 423.70 Td (any ) Tj ET Q q 0 0 0 rg BT 283.60 423.70 Td (document ) Tj ET Q q 0 0 0 rg BT 333.04 423.70 Td (related ) Tj ET Q q 0 0 0 rg BT 367.80 423.70 Td (thereto\), ) Tj ET Q q 0 0 0 rg BT 410.24 423.70 Td (nor ) Tj ET Q q 0 0 0 rg BT 428.36 423.70 Td (the ) Tj ET Q q 0 0 0 rg BT 445.14 423.70 Td (creation ) Tj ET Q q 0 0 0 rg BT 485.90 423.70 Td (or ) Tj ET Q q 0 0 0 rg BT 498.02 423.70 Td (adoption ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 409.30 Td (of ) Tj ET Q q 0 0 0 rg BT 84.83 409.30 Td (this ) Tj ET Q q 0 0 0 rg BT 104.99 409.30 Td (Program, ) Tj ET Q q 0 0 0 rg BT 152.15 409.30 Td (nor ) Tj ET Q q 0 0 0 rg BT 170.98 409.30 Td (any ) Tj ET Q q 0 0 0 rg BT 191.13 409.30 Td (action ) Tj ET Q q 0 0 0 rg BT 223.28 409.30 Td (taken ) Tj ET Q q 0 0 0 rg BT 252.10 409.30 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 296.26 409.30 Td (to ) Tj ET Q q 0 0 0 rg BT 308.42 409.30 Td (the ) Tj ET Q q 0 0 0 rg BT 325.91 409.30 Td (provisions ) Tj ET Q q 0 0 0 rg BT 378.74 409.30 Td (of ) Tj ET Q q 0 0 0 rg BT 391.57 409.30 Td (this ) Tj ET Q q 0 0 0 rg BT 411.74 409.30 Td (Program ) Tj ET Q q 0 0 0 rg BT 455.89 409.30 Td (shall ) Tj ET Q q 0 0 0 rg BT 481.39 409.30 Td (create, ) Tj ET Q q 0 0 0 rg BT 515.85 409.30 Td (or ) Tj ET Q q 0 0 0 rg BT 528.68 409.30 Td (be ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 394.90 Td (construed ) Tj ET Q q 0 0 0 rg BT 122.85 394.90 Td (to ) Tj ET Q q 0 0 0 rg BT 136.38 394.90 Td (create, ) Tj ET Q q 0 0 0 rg BT 172.21 394.90 Td (a ) Tj ET Q q 0 0 0 rg BT 181.73 394.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 207.27 394.90 Td (of ) Tj ET Q q 0 0 0 rg BT 221.46 394.90 Td (any ) Tj ET Q q 0 0 0 rg BT 242.98 394.90 Td (kind ) Tj ET Q q 0 0 0 rg BT 268.51 394.90 Td (or ) Tj ET Q q 0 0 0 rg BT 282.70 394.90 Td (a ) Tj ET Q q 0 0 0 rg BT 292.23 394.90 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 339.74 394.90 Td (relationship ) Tj ET Q q 0 0 0 rg BT 400.59 394.90 Td (between ) Tj ET Q q 0 0 0 rg BT 444.76 394.90 Td (the ) Tj ET Q q 0 0 0 rg BT 463.62 394.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 514.48 394.90 Td (or ) Tj ET Q q 0 0 0 rg BT 528.67 394.90 Td (an ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 380.50 Td (af) Tj ET Q q 0 0 0 rg BT 81.11 380.50 Td (filiate ) Tj ET Q q 0 0 0 rg BT 111.03 380.50 Td (and ) Tj ET Q q 0 0 0 rg BT 130.29 380.50 Td (any ) Tj ET Q q 0 0 0 rg BT 149.56 380.50 Td (Participant, ) Tj ET Q q 0 0 0 rg BT 206.48 380.50 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 262.38 380.50 Td (or ) Tj ET Q q 0 0 0 rg BT 274.32 380.50 Td (other ) Tj ET Q q 0 0 0 rg BT 300.91 380.50 Td (person. ) Tj ET Q q 0 0 0 rg BT 337.84 380.50 Td ( ) Tj ET Q q 0 0 0 rg BT 339.64 380.50 Td (T) Tj ET Q q 0 0 0 rg BT 346.13 380.50 Td (o ) Tj ET Q q 0 0 0 rg BT 354.07 380.50 Td (the ) Tj ET Q q 0 0 0 rg BT 370.67 380.50 Td (extent ) Tj ET Q q 0 0 0 rg BT 401.92 380.50 Td (that ) Tj ET Q q 0 0 0 rg BT 421.86 380.50 Td (a ) Tj ET Q q 0 0 0 rg BT 429.12 380.50 Td (Participant, ) Tj ET Q q 0 0 0 rg BT 486.04 380.50 Td (beneficiary ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 366.10 Td (or ) Tj ET Q q 0 0 0 rg BT 84.47 366.10 Td (other ) Tj ET Q q 0 0 0 rg BT 111.59 366.10 Td (person ) Tj ET Q q 0 0 0 rg BT 146.05 366.10 Td (acquires ) Tj ET Q q 0 0 0 rg BT 188.50 366.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.30 366.10 Td (right ) Tj ET Q q 0 0 0 rg BT 221.43 366.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.24 366.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 270.34 366.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 314.13 366.10 Td (with ) Tj ET Q q 0 0 0 rg BT 337.93 366.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 374.38 366.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.19 366.10 Td (an ) Tj ET Q q 0 0 0 rg BT 399.98 366.10 Td (award ) Tj ET Q q 0 0 0 rg BT 431.77 366.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.23 366.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 508.00 366.10 Td (Shares ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 351.70 Td (hereunder) Tj ET Q q 0 0 0 rg BT 119.49 351.70 Td (, ) Tj ET Q q 0 0 0 rg BT 126.39 351.70 Td (such ) Tj ET Q q 0 0 0 rg BT 152.28 351.70 Td (right ) Tj ET Q q 0 0 0 rg BT 178.84 351.70 Td (shall ) Tj ET Q q 0 0 0 rg BT 205.40 351.70 Td (be ) Tj ET Q q 0 0 0 rg BT 220.62 351.70 Td (no ) Tj ET Q q 0 0 0 rg BT 236.52 351.70 Td (greater ) Tj ET Q q 0 0 0 rg BT 273.72 351.70 Td (than ) Tj ET Q q 0 0 0 rg BT 298.28 351.70 Td (the ) Tj ET Q q 0 0 0 rg BT 316.83 351.70 Td (right ) Tj ET Q q 0 0 0 rg BT 343.39 351.70 Td (of ) Tj ET Q q 0 0 0 rg BT 357.29 351.70 Td (any ) Tj ET Q q 0 0 0 rg BT 378.51 351.70 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 431.05 351.70 Td (general ) Tj ET Q q 0 0 0 rg BT 470.26 351.70 Td (creditor ) Tj ET Q q 0 0 0 rg BT 511.46 351.70 Td (of ) Tj ET Q q 0 0 0 rg BT 525.36 351.70 Td (the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 337.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.68 337.30 Td (or ) Tj ET Q q 0 0 0 rg BT 134.69 337.30 Td (other ) Tj ET Q q 0 0 0 rg BT 162.36 337.30 Td (employing ) Tj ET Q q 0 0 0 rg BT 216.70 337.30 Td (entity) Tj ET Q q 0 0 0 rg BT 243.25 337.30 Td (, ) Tj ET Q q 0 0 0 rg BT 249.27 337.30 Td (as ) Tj ET Q q 0 0 0 rg BT 262.28 337.30 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 317.60 337.30 Td ( ) Tj ET Q q 0 0 0 rg BT 319.95 337.30 Td (All ) Tj ET Q q 0 0 0 rg BT 338.30 337.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 381.98 337.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 422.30 337.30 Td (under ) Tj ET Q q 0 0 0 rg BT 452.64 337.30 Td (this ) Tj ET Q q 0 0 0 rg BT 472.99 337.30 Td (Program ) Tj ET Q q 0 0 0 rg BT 517.33 337.30 Td (shall ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 322.90 Td (be ) Tj ET Q q 0 0 0 rg BT 86.30 322.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 109.93 322.90 Td (from ) Tj ET Q q 0 0 0 rg BT 136.23 322.90 Td (the ) Tj ET Q q 0 0 0 rg BT 153.87 322.90 Td (general ) Tj ET Q q 0 0 0 rg BT 192.15 322.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 223.12 322.90 Td (of ) Tj ET Q q 0 0 0 rg BT 236.09 322.90 Td (the ) Tj ET Q q 0 0 0 rg BT 253.72 322.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 303.36 322.90 Td (or ) Tj ET Q q 0 0 0 rg BT 316.33 322.90 Td (employing ) Tj ET Q q 0 0 0 rg BT 370.63 322.90 Td (entity) Tj ET Q q 0 0 0 rg BT 397.18 322.90 Td (, ) Tj ET Q q 0 0 0 rg BT 403.15 322.90 Td (as ) Tj ET Q q 0 0 0 rg BT 416.12 322.90 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 471.40 322.90 Td (and ) Tj ET Q q 0 0 0 rg BT 491.70 322.90 Td (no ) Tj ET Q q 0 0 0 rg BT 506.68 322.90 Td (special ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 308.50 Td (or ) Tj ET Q q 0 0 0 rg BT 84.51 308.50 Td (separate ) Tj ET Q q 0 0 0 rg BT 126.34 308.50 Td (fund ) Tj ET Q q 0 0 0 rg BT 150.85 308.50 Td (or ) Tj ET Q q 0 0 0 rg BT 163.37 308.50 Td (deposit ) Tj ET Q q 0 0 0 rg BT 200.55 308.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 225.73 308.50 Td (be ) Tj ET Q q 0 0 0 rg BT 239.57 308.50 Td (established ) Tj ET Q q 0 0 0 rg BT 295.41 308.50 Td (and ) Tj ET Q q 0 0 0 rg BT 315.26 308.50 Td (no ) Tj ET Q q 0 0 0 rg BT 329.77 308.50 Td (segregation ) Tj ET Q q 0 0 0 rg BT 387.60 308.50 Td (of ) Tj ET Q q 0 0 0 rg BT 400.12 308.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 430.63 308.50 Td (shall ) Tj ET Q q 0 0 0 rg BT 455.82 308.50 Td (be ) Tj ET Q q 0 0 0 rg BT 469.66 308.50 Td (made ) Tj ET Q q 0 0 0 rg BT 498.16 308.50 Td (to ) Tj ET Q q 0 0 0 rg BT 510.02 308.50 Td (assure ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 294.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 115.58 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.84 294.10 Td (such ) Tj ET Q q 0 0 0 rg BT 152.10 294.10 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 198.02 294.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.29 294.10 Td (Nothing ) Tj ET Q q 0 0 0 rg BT 241.88 294.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.48 294.10 Td (this ) Tj ET Q q 0 0 0 rg BT 273.08 294.10 Td (Program ) Tj ET Q q 0 0 0 rg BT 316.66 294.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 341.59 294.10 Td (be ) Tj ET Q q 0 0 0 rg BT 355.18 294.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 394.75 294.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.35 294.10 Td (give ) Tj ET Q q 0 0 0 rg BT 429.27 294.10 Td (any ) Tj ET Q q 0 0 0 rg BT 448.86 294.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 497.77 294.10 Td (any ) Tj ET Q q 0 0 0 rg BT 517.35 294.10 Td (right ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 279.70 Td (to ) Tj ET Q q 0 0 0 rg BT 84.33 279.70 Td (participate ) Tj ET Q q 0 0 0 rg BT 137.97 279.70 Td (in ) Tj ET Q q 0 0 0 rg BT 150.30 279.70 Td (this ) Tj ET Q q 0 0 0 rg BT 170.64 279.70 Td (Program ) Tj ET Q q 0 0 0 rg BT 214.97 279.70 Td (except ) Tj ET Q q 0 0 0 rg BT 249.28 279.70 Td (in ) Tj ET Q q 0 0 0 rg BT 261.62 279.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 318.57 279.70 Td (herewith. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 250.90 Td ( ) Tj ET Q q 0 0 0 rg BT 108.00 250.90 Td (9.7 ) Tj ET Q q 0 0 0 rg BT 144.00 250.90 Td ( ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 147.3427734375 249.30039062499998 m 222.9404296875 249.30039062499998 l s q 0 0 0 rg BT 147.34 250.90 Td (Governing ) Tj ET Q q 0 0 0 rg BT 202.01 250.90 Td (Law) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 222.55 250.90 Td (. ) Tj ET Q q 0 0 0 rg BT 228.89 250.90 Td ( ) Tj ET Q q 0 0 0 rg BT 231.99 250.90 Td (This ) Tj ET Q q 0 0 0 rg BT 256.67 250.90 Td (Program ) Tj ET Q q 0 0 0 rg BT 301.34 250.90 Td (shall ) Tj ET Q q 0 0 0 rg BT 327.35 250.90 Td (be ) Tj ET Q q 0 0 0 rg BT 342.02 250.90 Td (construed ) Tj ET Q q 0 0 0 rg BT 392.01 250.90 Td (in ) Tj ET Q q 0 0 0 rg BT 404.69 250.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 461.98 250.90 Td (with ) Tj ET Q q 0 0 0 rg BT 486.66 250.90 Td (the ) Tj ET Q q 0 0 0 rg BT 504.66 250.90 Td (laws ) Tj ET Q q 0 0 0 rg BT 530.00 250.90 Td (of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 236.50 Td (the ) Tj ET Q q 0 0 0 rg BT 89.66 236.50 Td (State ) Tj ET Q q 0 0 0 rg BT 116.65 236.50 Td (of ) Tj ET Q q 0 0 0 rg BT 129.65 236.50 Td (Delaware, ) Tj ET Q q 0 0 0 rg BT 181.62 236.50 Td (without ) Tj ET Q q 0 0 0 rg BT 221.29 236.50 Td (giving ) Tj ET Q q 0 0 0 rg BT 254.95 236.50 Td (ef) Tj ET Q q 0 0 0 rg BT 264.06 236.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 285.04 236.50 Td (to ) Tj ET Q q 0 0 0 rg BT 297.38 236.50 Td (the ) Tj ET Q q 0 0 0 rg BT 315.04 236.50 Td (principles ) Tj ET Q q 0 0 0 rg BT 365.36 236.50 Td (of ) Tj ET Q q 0 0 0 rg BT 378.35 236.50 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 422.67 236.50 Td (of ) Tj ET Q q 0 0 0 rg BT 435.67 236.50 Td (law ) Tj ET Q q 0 0 0 rg BT 455.99 236.50 Td (thereof.) 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By the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 391.85 Td (Holder) Tj ET Q q 0 0 0 rg BT 105.77 391.85 Td () Tj ET Q q 0 0 0 rg BT 109.10 391.85 Td (s signature and the Company) Tj ET Q q 0 0 0 rg BT 251.74 391.85 Td (s signature below) Tj ET Q q 0 0 0 rg BT 334.95 391.85 Td (, the Holder and the Company agree that ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 377.45 Td (this award of Performance Shares is made under and governed by the terms and conditions of the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 363.05 Td (Plan, the Program and the Grant ) Tj ET Q q 0 0 0 rg BT 228.97 363.05 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 291.06 363.05 Td (The Holder acknowledges that he or she has ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 348.65 Td (received a copy of the Grant ) Tj ET Q q 0 0 0 rg BT 210.60 348.65 Td (Agreement, the Program, the Plan and the Prospectus relating to the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 334.25 Td (Plan. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 310.85 Td (Please sign and return one copy of this Notice of Grant to [insert address]. ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 75.00 275.32 Td (ELLIE MAE, INC.) 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Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 108.00 205.50 Td (2.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.00 205.50 Td ( ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 203.6220703125 m 254.935546875 203.6220703125 l s q 0 0 0 rg BT 144.00 205.50 Td (Performance Criteria) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 254.94 205.50 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 257.94 205.50 Td ( Subject to the Holder) Tj ET Q q 0 0 0 rg BT 366.69 205.50 Td () Tj ET Q q 0 0 0 rg BT 370.03 205.50 Td (s continuous employment through ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 191.10 Td (the Initial Settlement Date and the terms and conditions therein, the Holder will be issued a ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 72 174.82207031250005 m 112.669921875 174.82207031250005 l s q 0 0 0 rg BT 72.00 176.70 Td (number) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 112.67 176.70 Td ( of shares of Common Stock underlying the Performance Shares on the Initial ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 162.30 Td (Settlement Date determined based on the achievement of annual goals related to revenue, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 147.90 Td (EBITDASC and the number of contracted SaaS users \(the ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 358.921875 146.30039062499998 m 518.87109375 146.30039062499998 l s q 0 0 0 rg BT 358.92 147.90 Td (Company Performance Measures) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 518.87 147.90 Td (\) ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 133.50 Td (during all or a portion of the period beginning on January 1, 2014 and ending on December 31, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 119.10 Td (2014 \(the ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 125.982421875 117.50039062500002 m 221.61328125 117.50039062500002 l s q 0 0 0 rg BT 125.98 119.10 Td (Performance Period) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 221.61 119.10 Td (\), in each case, as determined by the Committee and set forth in ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 104.70 Td (writing. ) Tj ET Q endstream endobj 201 0 obj <> endobj 202 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 299.00 59.20 Td (-3-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 28.00 Td ( ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 108.00 711.90 Td (3.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.00 711.90 Td ( ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 710.0220703125 m 308.994140625 710.0220703125 l s q 0 0 0 rg BT 144.00 711.90 Td (Consequences of Certain Events) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 308.99 711.90 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 311.99 711.90 Td ( ) Tj ET Q q 0 0 0 rg BT 317.78 711.90 Td (The consequences of the Holder) Tj ET Q q 0 0 0 rg BT 472.83 711.90 Td () Tj ET Q q 0 0 0 rg BT 476.16 711.90 Td (s termination ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 697.50 Td (of employment or a Change in Control shall be as set forth in the Program.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 108.00 671.10 Td (4.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.00 671.10 Td ( ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 669.2220703125 m 300.076171875 669.2220703125 l s q 0 0 0 rg BT 144.00 671.10 Td (Payout of Performance Shar) Tj ET Q q 0 0 0 rg BT 290.08 671.10 Td (es) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 300.08 671.10 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 303.08 671.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.86 671.10 Td (The Committee shall certify in writing the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 656.70 Td (achievement or non-achievement of the Company Performance Measures for the Performance ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 642.30 Td (Period on, or as soon as administratively following, the date the Company files with the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 627.90 Td (Securities and Exchange Commission its Form 10-K or Form 10-Q for the last fiscal year or ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 613.50 Td (quarterly period, as applicable, ending during the Performance Period \(the ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 436.53515625 611.900390625 m 508.845703125 611.900390625 l s q 0 0 0 rg BT 436.54 613.50 Td (Determination ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 72 597.500390625 m 94.65234375 597.500390625 l s q 0 0 0 rg BT 72.00 599.10 Td (Date) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 94.65 599.10 Td (\). On the thirtieth \(30) Tj ET Q BT /F2 12.00 Tf ET BT /F2 7.80 Tf ET q 0 0 0 rg BT 205.29 604.54 Td (th) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 211.36 599.10 Td (\) day following the Determination Date \(the ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 430.947265625 597.500390625 m 516.927734375 597.500390625 l s q 0 0 0 rg BT 430.95 599.10 Td (Initial Settlement ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 72 583.100390625 m 94.65234375 583.100390625 l s q 0 0 0 rg BT 72.00 584.70 Td (Date) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 94.65 584.70 Td (\), subject to the Holder) Tj ET Q q 0 0 0 rg BT 210.73 584.70 Td () Tj ET Q q 0 0 0 rg BT 214.06 584.70 Td (s continuous employment with the Company through the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 570.30 Td (Determination Date \(unless otherwise provided in the Program\), the Company shall issue that ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 555.90 Td (number of shares of Common Stock \(the ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 275.625 554.300390625 m 354.609375 554.300390625 l s q 0 0 0 rg BT 275.63 555.90 Td (Restricted Stock) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 354.61 555.90 Td (\) to the Holder) Tj ET Q q 0 0 0 rg BT 429.77 555.90 Td (, if any) Tj ET Q q 0 0 0 rg BT 462.64 555.90 Td (, determined ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 541.50 Td (based upon achievement or non-achievement of the Company Performance Measures for the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 527.10 Td (Performance Period. ) Tj ET Q q 0 0 0 rg BT 176.41 527.10 Td (T) Tj ET Q q 0 0 0 rg BT 182.91 527.10 Td (wenty-five percent \(25%\) of the shares of Restricted Stock shall ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 512.70 Td (immediately vest on the Initial Settlement Date and seventy-five percent \(75%\) of the shares of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 498.30 Td (Restricted Stock shall be subject to a risk of forfeiture. On each of the next three annual ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 483.90 Td (anniversaries of the Determination Date \(collectively with the Initial Settlement Date, the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 469.50 Td () Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 77.326171875 467.900390625 m 143.6484375 467.900390625 l s q 0 0 0 rg BT 77.33 469.50 Td (V) Tj ET Q q 0 0 0 rg BT 84.66 469.50 Td (esting Dates) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 143.65 469.50 Td (\), subject to the Holder) Tj ET Q q 0 0 0 rg BT 259.72 469.50 Td () Tj ET Q q 0 0 0 rg BT 263.06 469.50 Td (s continuous employment with the Company through ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 455.10 Td (such ) Tj ET Q q 0 0 0 rg BT 96.78 455.10 Td (V) Tj ET Q q 0 0 0 rg BT 104.12 455.10 Td (esting Date \(unless otherwise provided in the Program\), the risk of forfeiture with respect ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 440.70 Td (to twenty-five percent \(25%\) of the shares of Restricted Stock shall lapse. In the event the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 426.30 Td (Holder terminates service with the Company for any reason, any shares of Restricted Stock that ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 411.90 Td (remain subject to a risk of forfeiture as of date \(after giving ef) Tj ET Q q 0 0 0 rg BT 368.99 411.90 Td (fect to any accelerated vesting\) ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 397.50 Td (shall immediately be forfeited. In the case of the Holder) Tj ET Q q 0 0 0 rg BT 344.01 397.50 Td () Tj ET Q q 0 0 0 rg BT 347.34 397.50 Td (s death prior to the Initial Settlement ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 383.10 Td (Date, the Common Stock to be issued in settlement of Performance Shares as described above ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 368.70 Td (shall be delivered to the Holder) Tj ET Q q 0 0 0 rg BT 223.39 368.70 Td () Tj ET Q q 0 0 0 rg BT 226.73 368.70 Td (s beneficiary or beneficiaries \(as designated in the manner ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 354.30 Td (determined by the Committee\), or if no beneficiary is so designated or if no beneficiary survives ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 339.90 Td (the Holder) Tj ET Q q 0 0 0 rg BT 122.50 339.90 Td (, then the Holder) Tj ET Q q 0 0 0 rg BT 203.59 339.90 Td () Tj ET Q q 0 0 0 rg BT 206.92 339.90 Td (s administrator) Tj ET Q q 0 0 0 rg BT 278.10 339.90 Td (, executor) Tj ET Q q 0 0 0 rg BT 324.93 339.90 Td (, personal representative, or other person to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 325.50 Td (whom the Performance Shares are transferred by means of the Holder) Tj ET Q q 0 0 0 rg BT 407.65 325.50 Td () Tj ET Q q 0 0 0 rg BT 410.98 325.50 Td (s will or the laws of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 311.10 Td (descent and distribution \(such beneficiary) Tj ET Q q 0 0 0 rg BT 271.82 311.10 Td (, beneficiaries or other person\(s\), the ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 456.41015625 309.500390625 m 522.50390625 309.500390625 l s q 0 0 0 rg BT 456.41 311.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 490.18 311.10 Td () Tj ET Q q 0 0 0 rg BT 493.51 311.10 Td (s Heir) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 522.50 311.10 Td (\).) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 108.00 284.70 Td (5.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.00 284.70 Td ( ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 282.82207031250005 m 240.662109375 282.82207031250005 l s q 0 0 0 rg BT 144.00 284.70 Td (Code Section 409A) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 240.66 284.70 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 243.66 284.70 Td ( ) Tj ET Q q 0 0 0 rg BT 249.45 284.70 Td (The Company intends that the Performance Shares shall not ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 270.30 Td (constitute deferred compensation within the meaning of Section 409A) Tj ET Q q 0 0 0 rg BT 418.57 270.30 Td ( of the Code and this ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 255.90 Td (Grant ) Tj ET Q q 0 0 0 rg BT 101.66 255.90 Td (Agreement shall be interpreted based on such intent. In view of uncertainty surrounding ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 241.50 Td (Section 409A) Tj ET Q q 0 0 0 rg BT 137.00 241.50 Td ( of the Code, however) Tj ET Q q 0 0 0 rg BT 242.82 241.50 Td (, if the Company determines after the Grant Date that an ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 227.10 Td (amendment to this Grant ) Tj ET Q q 0 0 0 rg BT 193.31 227.10 Td (Agreement is necessary or advisable so that the Performance Shares ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 212.70 Td (will not be subject to Section 409A) Tj ET Q q 0 0 0 rg BT 240.65 212.70 Td ( of the Code, or alternatively so that they comply with Section ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 198.30 Td (409A) Tj ET Q q 0 0 0 rg BT 98.00 198.30 Td ( of the Code, it may make such amendment, ef) Tj ET Q q 0 0 0 rg BT 321.39 198.30 Td (fective as of the Grant Date or at any later ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 183.90 Td (date, without the consent of the Holder) Tj ET Q q 0 0 0 rg BT 258.29 183.90 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 157.50 Td (Notwithstanding anything in this Grant ) Tj ET Q q 0 0 0 rg BT 298.32 157.50 Td (Agreement to the contrary) Tj ET Q q 0 0 0 rg BT 423.83 157.50 Td (, to the extent that any ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 143.10 Td (payment or benefit constitutes non-exempt nonqualified deferred compensation for purposes of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 128.70 Td (Section 409A) Tj ET Q q 0 0 0 rg BT 137.00 128.70 Td ( of the Code, and such payment or benefit would otherwise be payable or ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 114.30 Td (distributable hereunder by reason of the Holder) Tj ET Q q 0 0 0 rg BT 299.70 114.30 Td () Tj ET Q q 0 0 0 rg BT 303.04 114.30 Td (s termination of employment, all references to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 99.90 Td (the Holder) Tj ET Q q 0 0 0 rg BT 123.43 99.90 Td () Tj ET Q q 0 0 0 rg BT 126.76 99.90 Td (s termination of employment shall be construed to mean a separation from service, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 85.50 Td (as defined in ) Tj ET Q q 0 0 0 rg BT 136.10 85.50 Td (T) Tj ET Q q 0 0 0 rg BT 143.00 85.50 Td (reasury Regulation Section 1.409A-1\(h\) \(a ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 356.2734375 83.900390625 m 472.8984375 83.900390625 l s q 0 0 0 rg BT 356.27 85.50 Td (Separation from Service) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 472.90 85.50 Td ( \), and the ) Tj ET Q endstream endobj 203 0 obj <> endobj 204 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 299.00 59.20 Td (-4-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 28.00 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 711.70 Td (Holder shall not be considered to have a termination of employment unless such termination ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 697.30 Td (constitutes a Separation from Service with respect to the Holder) Tj ET Q q 0 0 0 rg BT 381.25 697.30 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 670.90 Td (Notwithstanding anything in this Grant ) Tj ET Q q 0 0 0 rg BT 298.32 670.90 Td (Agreement to the contrary) Tj ET Q q 0 0 0 rg BT 423.83 670.90 Td (, if a Holder is deemed ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 656.50 Td (by the Company at the time of the Holder) Tj ET Q q 0 0 0 rg BT 272.40 656.50 Td () Tj ET Q q 0 0 0 rg BT 275.73 656.50 Td (s Separation from Service to be a specified ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 642.10 Td (employee for purposes of Section 409A\(a\)\(2\)\(B\)\(i\) of the Code, to the extent delayed ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 627.70 Td (commencement of any portion of the benefits to which Holder is entitled under this Grant ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 613.30 Td (Agreement is required in order to avoid a prohibited distribution under Section 409A\(a\)\(2\)\(B\)\(i\) ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 598.90 Td (of the Code, such portion of Holder) Tj ET Q q 0 0 0 rg BT 243.41 598.90 Td () Tj ET Q q 0 0 0 rg BT 246.74 598.90 Td (s benefits shall not be provided to Holder until the earlier of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 584.50 Td (\(i\) the expiration of the six-month period measured from the date of the Holder) Tj ET Q q 0 0 0 rg BT 451.99 584.50 Td () Tj ET Q q 0 0 0 rg BT 455.33 584.50 Td (s Separation ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 570.10 Td (from Service or \(ii\) the date of the Holder) Tj ET Q q 0 0 0 rg BT 273.04 570.10 Td () Tj ET Q q 0 0 0 rg BT 276.37 570.10 Td (s death. Upon the first business day following the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 555.70 Td (expiration of the applicable Code Section 409A\(a\)\(2\)\(B\)\(i\) period, all payments deferred ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 541.30 Td (pursuant to the preceding sentence shall be paid or distributed in a lump sum to Holder \(or to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 526.90 Td (Holder) Tj ET Q q 0 0 0 rg BT 105.77 526.90 Td () Tj ET Q q 0 0 0 rg BT 109.10 526.90 Td (s estate or beneficiaries\), and any remaining payments due to Holder under this Grant ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 512.50 Td (Agreement shall be paid or distributed as otherwise provided herein. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 486.10 Td (A) Tj ET Q q 0 0 0 rg BT 116.00 486.10 Td ( Holder) Tj ET Q q 0 0 0 rg BT 152.77 486.10 Td () Tj ET Q q 0 0 0 rg BT 156.11 486.10 Td (s right to receive any installment payments under this Grant ) Tj ET Q q 0 0 0 rg BT 445.37 486.10 Td (Agreement shall be ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 471.70 Td (treated as a right to receive a series of separate payments and, accordingly) Tj ET Q q 0 0 0 rg BT 426.73 471.70 Td (, each such installment ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 457.30 Td (payment shall at all times be considered a separate and distinct payment as permitted under ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 442.90 Td (T) Tj ET Q q 0 0 0 rg BT 78.91 442.90 Td (reasury Regulation Section 1.409A-2\(b\)\(2\)\(iii\).) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 108.00 416.50 Td (6.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.00 416.50 Td ( ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 414.6220703125 m 230.162109375 414.6220703125 l s q 0 0 0 rg BT 144.00 416.50 Td (T) Tj ET Q q 0 0 0 rg BT 150.90 416.50 Td (ax ) Tj ET Q q 0 0 0 rg BT 165.69 416.50 Td (W) Tj ET Q q 0 0 0 rg BT 177.47 416.50 Td (ithholding) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 230.16 416.50 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 233.16 416.50 Td ( Notwithstanding anything to the contrary in this Grant ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 402.10 Td (Agreement, the Company shall be entitled to require payment by Holder of any sums required by ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 387.70 Td (federal, state or local tax law to be withheld with respect to the grant of the Performance Shares ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 373.30 Td (or the issuance of the shares of Common Stock underlying the Performance Shares, or any other ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 358.90 Td (taxable event related thereto. ) Tj ET Q q 0 0 0 rg BT 213.38 358.90 Td (The Company may permit Holder to make such payment in one or ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 344.50 Td (more of the forms specified below: ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 114.00 318.10 Td (i.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.33 318.10 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 318.10 Td (by cash or check made payable to the Company;) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 114.00 291.70 Td (ii.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.67 291.70 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 291.70 Td (by the deduction of such amount from other compensation payable to Holder;) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 114.00 265.30 Td (iii.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.00 265.30 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 265.30 Td (with the consent of the Committee, by tendering shares of Common Stock, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 250.90 Td (including Common Stock otherwise issuable upon such grant or issuance, which ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 236.50 Td (have a then-current Fair Market ) Tj ET Q q 0 0 0 rg BT 305.38 236.50 Td (V) Tj ET Q q 0 0 0 rg BT 312.71 236.50 Td (alue on the date of delivery not greater than the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 222.10 Td (amount necessary to satisfy the Company) Tj ET Q q 0 0 0 rg BT 352.96 222.10 Td (s withholding obligation based on the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 207.70 Td (minimum statutory withholding rates for federal, state and local income tax and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 193.30 Td (payroll tax purposes;) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 114.00 166.90 Td (iv) Tj ET Q q 0 0 0 rg BT 122.55 166.90 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.55 166.90 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 166.90 Td (by surrendering other property acceptable to the Committee \(including, without ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 152.50 Td (limitation, through the delivery of a notice that Holder has placed a market sell ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 138.10 Td (order with a broker with respect to shares payable pursuant to the Performance ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 123.70 Td (Shares, and that the broker has been directed to pay a suf) Tj ET Q q 0 0 0 rg BT 423.02 123.70 Td (ficient portion of the net ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 109.30 Td (proceeds of the sale to the Company in satisfaction of its withholding ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 94.90 Td (obligations; provided that payment of such proceeds is then made to the ) Tj ET Q endstream endobj 205 0 obj <> endobj 206 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 299.00 59.20 Td (-5-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 28.00 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 711.70 Td (Company at such time as may be required by the Company) Tj ET Q q 0 0 0 rg BT 433.15 711.70 Td (, but in any event not ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 697.30 Td (later than the settlement of such sale\); or) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 114.00 670.90 Td (v) Tj ET Q q 0 0 0 rg BT 119.22 670.90 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.22 670.90 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 670.90 Td (in any combination of the foregoing.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 644.50 Td (If any such taxes are required to be withheld at a date earlier than the applicable ) Tj ET Q q 0 0 0 rg BT 494.27 644.50 Td (V) Tj ET Q q 0 0 0 rg BT 501.61 644.50 Td (esting ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 630.10 Td (Date, then notwithstanding any other provision of this Grant ) Tj ET Q q 0 0 0 rg BT 399.96 630.10 Td (Agreement, the Company ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 615.70 Td (may \(i\) satisfy such obligation by causing the forfeiture of a number of shares of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 601.30 Td (Restricted Stock having a Fair Market ) Tj ET Q q 0 0 0 rg BT 293.74 601.30 Td (V) Tj ET Q q 0 0 0 rg BT 301.07 601.30 Td (alue, on such earlier date, equal to the amount ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 586.90 Td (necessary to satisfy the minimum required amount of such withholding or \(ii\) make such ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 572.50 Td (other arrangements with the Holder for such withholding as may be satisfactory to the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 108.00 558.10 Td (Company in its sole discretion.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 108.00 531.70 Td (7.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.00 531.70 Td ( ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 529.8220703125 m 256.3388671875 529.8220703125 l s q 0 0 0 rg BT 144.00 531.70 Td (Compliance with Law) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 256.01 531.70 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 114.00 505.30 Td (i.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.33 505.30 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 505.30 Td (No shares of Common Stock shall be issued and delivered pursuant to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 490.90 Td (Performance Shares unless and until all applicable registration requirements of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 476.50 Td (the Securities ) Tj ET Q q 0 0 0 rg BT 217.32 476.50 Td (Act of 1933, as amended, all applicable listing requirements of any ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 462.10 Td (national securities exchange on which the Common Stock is then listed, and all ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 447.70 Td (other requirements of law or of any regulatory bodies having jurisdiction over ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 433.30 Td (such issuance and delivery) Tj ET Q q 0 0 0 rg BT 277.51 433.30 Td (, shall have been complied with. In particular) Tj ET Q q 0 0 0 rg BT 496.96 433.30 Td (, the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 418.90 Td (Committee may require certain investment \(or other\) representations and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 404.50 Td (undertakings in connection with the issuance of securities in connection with the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 390.10 Td (Plan in order to comply with applicable law) Tj ET Q q 0 0 0 rg BT 359.50 390.10 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 114.00 363.70 Td (ii.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.67 363.70 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 363.70 Td (If any provision of this Grant ) Tj ET Q q 0 0 0 rg BT 292.65 363.70 Td (Agreement is determined to be unenforceable or ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 349.30 Td (invalid under any applicable law) Tj ET Q q 0 0 0 rg BT 305.83 349.30 Td (, such provision will be applied to the maximum ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 334.90 Td (extent permitted by applicable law) Tj ET Q q 0 0 0 rg BT 315.16 334.90 Td (, and shall automatically be deemed amended ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 320.50 Td (in a manner consistent with its objectives to the extent necessary to conform to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 306.10 Td (any limitations required under applicable law) Tj ET Q q 0 0 0 rg BT 366.81 306.10 Td (. Furthermore, if any provision of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 291.70 Td (this Grant ) Tj ET Q q 0 0 0 rg BT 200.00 291.70 Td (Agreement is determined to be illegal under any applicable law) Tj ET Q q 0 0 0 rg BT 503.44 291.70 Td (, such ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 277.30 Td (provision shall be null and void to the extent necessary to comply with ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 262.90 Td (applicable law) Tj ET Q q 0 0 0 rg BT 218.85 262.90 Td (, but the other provisions of this Grant ) Tj ET Q q 0 0 0 rg BT 404.50 262.90 Td (Agreement shall remain in ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 248.50 Td (full force and ef) Tj ET Q q 0 0 0 rg BT 226.74 248.50 Td (fect.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 108.00 222.10 Td (8.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.00 222.10 Td ( ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 220.22207031250002 m 210.3544921875 220.22207031250002 l s q 0 0 0 rg BT 144.00 222.10 Td (Assignability) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 210.02 222.10 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 213.02 222.10 Td ( Except as may be ef) Tj ET Q q 0 0 0 rg BT 315.43 222.10 Td (fected by designation of a beneficiary or ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 207.70 Td (beneficiaries in such manner as may be determined by the Committee, or as may be ef) Tj ET Q q 0 0 0 rg BT 485.64 207.70 Td (fected by ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 193.30 Td (will or other testamentary disposition or by the laws of descent and distribution, any attempt to ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 178.90 Td (assign the Performance Shares before they are settled shall be of no ef) Tj ET Q q 0 0 0 rg BT 408.32 178.90 Td (fect.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 108.00 152.50 Td (9.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.00 152.50 Td ( ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 150.6220703125 m 308.203125 150.6220703125 l s q 0 0 0 rg BT 144.00 152.50 Td (Certain Corporate ) Tj ET Q q 0 0 0 rg BT 242.42 152.50 Td (T) Tj ET Q q 0 0 0 rg BT 249.53 152.50 Td (ransactions) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 308.20 152.50 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 311.20 152.50 Td ( In the event of certain corporate transactions, ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 138.10 Td (the Performance Shares shall be subject to adjustment as provided in ) Tj ET Q q 0 0 0 rg BT 404.25 138.10 Td (Article 14 of the Plan.) Tj ET Q endstream endobj 207 0 obj <> endobj 208 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 299.00 59.20 Td (-6-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 28.00 Td ( ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 108.00 711.90 Td (10.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.00 711.90 Td ( ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 710.0220703125 m 252.029296875 710.0220703125 l s q 0 0 0 rg BT 144.00 711.90 Td (No ) Tj ET Q q 0 0 0 rg BT 161.00 711.90 Td (Additional Rights) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 252.03 711.90 Td (. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 114.00 685.50 Td (i.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.33 685.50 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 685.50 Td (Neither the granting of the Performance Shares nor their settlement shall \(a\) ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 671.10 Td (af) Tj ET Q q 0 0 0 rg BT 159.11 671.10 Td (fect or restrict in any way the power of the Company to undertake any ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 656.70 Td (corporate action otherwise permitted under applicable law) Tj ET Q q 0 0 0 rg BT 428.44 656.70 Td (, \(b\) confer upon the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 642.30 Td (Holder the right to continue performing services for the Company) Tj ET Q q 0 0 0 rg BT 465.47 642.30 Td (, or \(c\) ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 627.90 Td (interfere in any way with the right of the Company to terminate the services of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 613.50 Td (the Holder at any time, with or without Cause.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 114.00 587.10 Td (ii.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.67 587.10 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 587.10 Td (The Holder acknowledges that \(a\) this is a one-time grant, \(b\) the making of this ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 572.70 Td (grant does not mean that the Holder will receive any similar grant or grants in ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 558.30 Td (the future, or any future grants at all, and \(c\) this grant does not in any way ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 543.90 Td (entitle the Holder to future grants under the Plan, if any) Tj ET Q q 0 0 0 rg BT 415.48 543.90 Td (, and the Company ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 529.50 Td (retains sole and absolute discretion as to whether to make any additional grants ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 515.10 Td (to the Holder in the future and, if so, the quantity) Tj ET Q q 0 0 0 rg BT 384.50 515.10 Td (, terms, conditions and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 500.70 Td (provisions of any such grants.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 114.00 474.30 Td (iii.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.00 474.30 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 474.30 Td (W) Tj ET Q q 0 0 0 rg BT 160.85 474.30 Td (ithout limiting the generality of subsections i. and ii. immediately above and ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 459.90 Td (subject to the Program, if the Holder) Tj ET Q q 0 0 0 rg BT 326.07 459.90 Td () Tj ET Q q 0 0 0 rg BT 329.40 459.90 Td (s employment with the Company ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 445.50 Td (terminates, the Holder shall not be entitled to any compensation for any loss of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 431.10 Td (any right or benefit or prospective right or benefit relating to the Performance ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 416.70 Td (Shares or under the Plan which he or she might otherwise have enjoyed, whether ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 402.30 Td (such compensation is claimed by way of damages for wrongful dismissal or ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 387.90 Td (other breach of contract or by way of compensation for loss of of) Tj ET Q q 0 0 0 rg BT 462.35 387.90 Td (fice or ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 150.00 373.50 Td (otherwise.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 108.00 347.10 Td (1) Tj ET Q q 0 0 0 rg BT 113.34 347.10 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.34 347.10 Td ( ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 345.2220703125 m 264.462890625 345.2220703125 l s q 0 0 0 rg BT 144.00 347.10 Td (Rights as a Stockholder) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 263.91 347.10 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 266.91 347.10 Td ( Neither the Holder nor the Holder) Tj ET Q q 0 0 0 rg BT 436.30 347.10 Td () Tj ET Q q 0 0 0 rg BT 439.63 347.10 Td (s Heir shall have ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 332.70 Td (any rights as a stockholder with respect to any shares represented by the Performance Shares ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 318.30 Td (unless and until shares of Common Stock have been issued in settlement thereof.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 108.00 291.90 Td (12.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.00 291.90 Td ( ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 290.0220703125 m 328.447265625 290.0220703125 l s q 0 0 0 rg BT 144.00 291.90 Td (Compliance with Plan and Pr) Tj ET Q q 0 0 0 rg BT 295.13 291.90 Td (ogram) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 328.45 291.90 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 331.45 291.90 Td ( ) Tj ET Q q 0 0 0 rg BT 337.23 291.90 Td (The Performance Shares and this Grant ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 277.50 Td (Agreement are subject to, and the Company and the Holder agree to be bound by) Tj ET Q q 0 0 0 rg BT 460.10 277.50 Td (, all of the terms ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 263.10 Td (and conditions of the Plan and the Program as each may be amended from time to time, which ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 248.70 Td (are incorporated herein by reference. No amendment to the Plan or the Program shall adversely ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 234.30 Td (af) Tj ET Q q 0 0 0 rg BT 81.11 234.30 Td (fect the Performance Shares or this Grant ) Tj ET Q q 0 0 0 rg BT 282.04 234.30 Td (Agreement without the consent of the Holder) Tj ET Q q 0 0 0 rg BT 498.64 234.30 Td (. In the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 219.90 Td (case of a conflict between the terms of the Plan or the Program and this Grant ) Tj ET Q q 0 0 0 rg BT 447.22 219.90 Td (Agreement, the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 205.50 Td (terms of the Plan or the Program, respectively) Tj ET Q q 0 0 0 rg BT 291.83 205.50 Td (, shall govern. In the event of a conflict between ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 191.10 Td (the terms of the Plan and the Program, the terms of the Plan shall govern.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 108.00 164.70 Td (13.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.00 164.70 Td ( ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 162.82207031250005 m 416.197265625 162.82207031250005 l s q 0 0 0 rg BT 144.00 164.70 Td (Effect of Grant ) Tj ET Q q 0 0 0 rg BT 224.31 164.70 Td (Agr) Tj ET Q q 0 0 0 rg BT 244.08 164.70 Td (eement on Individual ) Tj ET Q q 0 0 0 rg BT 355.11 164.70 Td (Agr) Tj ET Q q 0 0 0 rg BT 374.88 164.70 Td (eements) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 416.20 164.70 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 419.20 164.70 Td ( Except where an ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 150.30 Td (agreement entered into between the Holder and the Company \(an ) Tj ET Q BT /F2 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 393.205078125 148.70039062499995 m 498.17578125 148.70039062499995 l s q 0 0 0 rg BT 393.21 150.30 Td (Individual ) Tj ET Q q 0 0 0 rg BT 444.87 150.30 Td (Agreement) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 498.18 150.30 Td (\) is ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 135.90 Td (approved by the Board of Directors or the Committee and expressly supersedes the terms of this ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 121.50 Td (Grant ) Tj ET Q q 0 0 0 rg BT 101.66 121.50 Td (Agreement, \(i\) in the case of a conflict between the terms of the Holder) Tj ET Q q 0 0 0 rg BT 444.63 121.50 Td () Tj ET Q q 0 0 0 rg BT 447.97 121.50 Td (s Individual ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 107.10 Td (Agreement and this Grant ) Tj ET Q q 0 0 0 rg BT 198.63 107.10 Td (Agreement, the terms of the Grant ) Tj ET Q q 0 0 0 rg BT 365.58 107.10 Td (Agreement shall govern, and \(ii\) the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 92.70 Td (vesting and settlement of Performance Shares shall in all events occur in accordance with this ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 78.30 Td (Grant ) Tj ET Q q 0 0 0 rg BT 101.66 78.30 Td (Agreement to the exclusion of any provisions contained in an Individual ) Tj ET Q q 0 0 0 rg BT 451.25 78.30 Td (Agreement ) Tj ET Q endstream endobj 209 0 obj <> endobj 210 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 299.00 59.20 Td (-7-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 50.00 28.00 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 711.70 Td (regarding the vesting or settlement of the Performance Shares, and any such Individual ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 697.30 Td (Agreement provisions shall have no force or ef) Tj ET Q q 0 0 0 rg BT 297.38 697.30 Td (fect with respect to the Performance Shares.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 108.00 670.90 Td (14.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 123.00 670.90 Td ( ) Tj ET Q BT /F3 12.00 Tf ET 0 0 0 RG /GS0 gs 1.14 w 0 i [] 0 d 1 J 1 j 3 M 144 669.0220703125 m 224.0068359375 669.0220703125 l s q 0 0 0 rg BT 144.00 670.90 Td (Governing Law) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 223.68 670.90 Td (.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 226.68 670.90 Td ( ) Tj ET Q q 0 0 0 rg BT 232.46 670.90 Td (The interpretation, performance and enforcement of this Grant ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 656.50 Td (Agreement shall be governed by the laws of the State of Delaware without regard to principles of ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 642.10 Td (conflicts of laws. ) Tj ET Q q 0 0 0 rg BT 160.10 642.10 Td (The Holder may only exercise his or her rights in respect of the Plan or the ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 72.00 627.70 Td (Program to the extent that it would be lawful to do so. ) Tj ET Q endstream endobj 211 0 obj <> endobj 212 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 488.30 713.25 Td (Exhibit 23.1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 131.85 701.25 Td (CONSENT) Tj ET Q q 0 0 0 rg BT 180.01 701.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 196.03 701.25 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 271.14 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Td ( ) Tj ET Q q 0 0 0 rg BT 120.53 539.35 Td (THORNT) Tj ET Q q 0 0 0 rg BT 160.90 539.35 Td (ON ) Tj ET Q q 0 0 0 rg BT 177.84 539.35 Td (LLP) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 525.35 Td (San ) Tj ET Q q 0 0 0 rg BT 89.50 525.35 Td (Francisco, ) Tj ET Q q 0 0 0 rg BT 133.38 525.35 Td (California) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 511.35 Td (March13, ) Tj ET Q q 0 0 0 rg BT 115.60 511.35 Td (2014) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 213 0 obj <> endobj 214 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit 31.1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 186.05 730.25 Td (CER) Tj ET Q q 0 0 0 rg BT 206.81 730.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 241.07 730.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 282.65 730.25 Td ( CHIEF) Tj ET Q q 0 0 0 rg BT 316.45 730.25 Td ( EXECUTIVE OFFICER) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.05 718.25 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 284.32 718.25 Td ( ) Tj ET 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